FUND DETAILS:

INCEPTION DATE:

12 November 2015

INDEX TRACKED:

Does not track an index

DIVIDEND PAYMENT DATES:

Mar / Jun / Sep / Dec

ASSET CLASS:

Cash and Cash Equivalents

GEOGRAPHIC FOCUS:

NZ

CODE:

NZC

AS AT:

04/12/2020

MARKET PRICE:

$2.952

NTA:

$2.95

YIELD:

1.52%

TOTAL FUND VALUE:

$232,539,998

FUND CHARGES:

0.20%

 

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Funds Summary


TOP 10 HOLDINGS

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

TICKER ISSUER INDUSTRY SECTOR WEIGHTING
-- Westpac Current Account Cash & cash equivalents 11.91%
-- Rabobank New Zealand 14/01/21 RCD NZ Bank 2.65%
-- Dunedin City Treasury Ltd 16/11/20 CB Local Authority 2.52%
-- Fonterra Cooperative Group Ltd 08/10/21 FRN Corporates & SOEs 2.50%
-- Westpac New Zealand 04/02/21 TD NZ Bank 2.49%
-- ANZ Bank New Zealand Ltd 21/01/21 TD NZ Bank 2.46%
-- NZ Local Govt. Funding Agency 15/05/21 GB NZ Government 2.38%
-- Hong Kong and Shanghai Banking Corp. Ltd. FRN NZ Bank 2.09%
-- Kiwibank Ltd 21/12/20 TD NZ Bank 2.07%
-- Toyota Finance New Zealand Ltd FRN Corporates & SOEs 2.06%

PORTFOLIO CHARACTERISTICS

As at 31 August 2020.

PORTFOLIO CHARACTERISTICS FUND BENCHMARK
Duration (days) 66 45
Sector Breakdown (%)
New Zealand Banks 62.9
Corporates and SOEs 24.1
NZ Govt and Local Authority 13.0

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%) 0.05% 0.17% 0.87% 1.53%
Returns (After fees, before tax) 0.07% 0.24% 1.21% 2.13%
Returns (Before fees, before tax) 0.08% 0.29% 1.50% 2.45%
Index Returns* 0.03% 0.07% 0.80% 1.52%
  1. *S&P/NZX Bank Bills 90-Day Index. Returns as at 31 October 2020.

Table of Dividends

Upcoming Dividends

EX DIVIDEND PERIOD AMOUNT SUPPL. IMPUTATION PAYABLE
2020-11-27 INT 0.672690 0.118710 0.261602 2020-12-18

Historic Dividends

EX DIVIDEND PERIOD AMOUNT SUPPL. IMPUTATION PAYABLE
2020-08-28 INT 0.707606 0.000000 0.000000 2020-09-18
2020-05-28 FIN 1.360058 0.000000 0.000000 2020-06-19
2020-02-27 INT 1.079018 0.190415 0.419618 2020-03-20
2019-11-28 INT 1.469116 0.259256 0.571323 2019-12-18
2019-08-29 INT 1.491890 0.263275 0.580180 2019-09-20

Market Announcements

CODE TITLE DATE TYPE
MKTUPDTE NZC MKTUPDTE: NZC: NZC NTA 03-12-2020 $2.95212 04 Dec 2020, 10:16am MKTUPDTE