FUND DETAILS:

INCEPTION DATE:

12 November 2015

INDEX TRACKED:

Does not track an index

DIVIDEND PAYMENT DATES:

Mar / Jun / Sep / Dec

ASSET CLASS:

New Zealand Fixed Interest

GEOGRAPHIC FOCUS:

NZ

CODE:

NZB

AS AT:

23/09/2020

MARKET PRICE:

$3.179

NTA:

$3.18

YIELD:

2.66%

TOTAL FUND VALUE:

$351,872,759

FUND CHARGES:

0.54%

 

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Funds Summary


TOP 10 HOLDINGS

Top 10 issuer exposure as at 30 June 2020. Updated quarterly.

TICKER ISSUER INDUSTRY SECTOR WEIGHTING
-- New Zealand Government 20/09/25 IB NZ Government 7.57%
-- NZ Local Govt. Funding Agency 14/04/33 GB Local Authority 5.13%
-- Westpac Current Account Cash & cash equivalents 4.15%
-- Bank of New Zealand 15/06/23 CB NZ Bank 2.88%
-- Insurance Australia Group Ltd 15/06/43 CB Corporates & SOEs 2.81%
-- ASB Bank Ltd 07/09/23 CB NZ Bank 2.67%
-- TR Group Ltd 07/03/24 CB Corporates & SOEs 2.51%
-- Chorus Ltd 06/12/23 CB Corporates & SOEs 2.43%
-- ANZ Bank New Zealand Ltd 20/03/24 CB NZ Government 2.37%
-- Fonterra Co-operative Group Ltd 19/06/25 CB Corporates & SOEs 2.35%

PORTFOLIO CHARACTERISTICS

As at 30 June 2020.

PORTFOLIO CHARACTERISTICS FUND BENCHMARK
Duration (years) 3.82 3.79
Yield (%) 1.21 0.85
Credit Ratings (%)
AAA 2.6
AA+ to AA- 50.1
A+ to A- 20.6
BBB+ to BBB- 26.7

Fund Performance

Net Tangible Assets (NTA) per Unit Performance

1 Month 3 Months 1 Year 3 Years Annualised 5 Years Annualised
Investor Returns (After fees, after tax 28%) 0.81% 1.51% 3.79% 4.32%
Returns (After fees, before tax) 1.13% 2.10% 5.11% 5.99%
Returns (Before fees, before tax) 1.17% 2.24% 5.68% 6.56%
Index Returns* 0.93% 1.43% 4.81% 5.78%
  1. *S&P/NZX A-Grade Corporate Bond Index. Returns as at 31 August 2020.

Table of Dividends

Historic Dividends

EX DIVIDEND PERIOD AMOUNT SUPPL. IMPUTATION PAYABLE
2020-08-28 INT 1.625181 0.000000 0.000000 2020-09-18
2020-05-28 FIN 1.778726 0.100192 0.220792 2020-06-19
2020-02-27 INT 1.736741 0.306484 0.675399 2020-03-20
2019-11-28 INT 1.732460 0.305728 0.673735 2019-12-18
2019-08-29 INT 1.877222 0.331275 0.730031 2019-09-20

Market Announcements

CODE TITLE DATE TYPE
MKTUPDTE NZB MKTUPDTE: NZB: NZB NTA 23-09-2020 $3.17962 24 Sep 2020, 10:32am MKTUPDTE