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:

26/02/2020

MARKET PRICE:

$3.118

NTA:

$3.12

YIELD:

3.48%

TOTAL FUND VALUE:

$352,775,565

FUND CHARGES:

0.54%

 

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Funds Summary


TOP 10 HOLDINGS

Top 10 issuer exposure as at 31 December 2019. Updated quarterly.

TICKER ISSUER INDUSTRY SECTOR WEIGHTING
-- New Zealand Government 20/09/25 IB NZ Government 7.01%
-- NZ Local Govt. Funding Agency 14/04/33 GB Local Authority 5.91%
-- Insurance Australia Group Ltd 15/06/43 CB Corporates & SOEs 3.22%
-- New Zealand Government 15/05/21 GB NZ Government 2.87%
-- Bank of New Zealand 15/06/23 CB NZ Bank 2.82%
-- ASB Bank Ltd 07/09/23 CB NZ Bank 2.61%
-- TR Group Ltd 07/03/24 CB Corporates & SOEs 2.49%
-- Chorus Ltd 06/12/23 CB Corporates & SOEs 2.38%
-- Fonterra Co-operative Group Ltd 19/06/25 CB Corporates & SOEs 2.27%
-- Genesis Energy Ltd 03/04/25 CB Corporates & SOEs 2.26%

PORTFOLIO CHARACTERISTICS

As at 31 December 2019.

PORTFOLIO CHARACTERISTICS FUND BENCHMARK
Duration (years) 3.75 3.50
Yield (%) 2.25 1.89
Credit Ratings (%)
AAA 0.5
AA+ to AA- 49.5
A+ to A- 22.9
BBB+ to BBB- 27.1

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%) 0.88% 0.33% 4.45% 4.22%
Returns (After fees, before tax) 1.11% 0.35% 6.07% 5.86%
Returns (Before fees, before tax) 1.16% 0.49% 6.64% 6.43%
Index Returns* 1.12% 0.32% 5.79% 5.40%
  1. *S&P/NZX A-Grade Corporate Bond Index

Table of Dividends

Upcoming Dividends

EX DIVIDEND PERIOD AMOUNT SUPPL. IMPUTATION PAYABLE
2020-02-27 INT 1.736741 0.306484 0.675399 2020-03-20

Historic Dividends

EX DIVIDEND PERIOD AMOUNT SUPPL. IMPUTATION PAYABLE
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
2019-05-30 FIN 2.114063 0.373070 0.822135 2019-06-20
2019-02-27 INT 2.083373 0.367654 0.810201 2019-03-20
2018-11-29 INT 2.929958 0.517051 1.139428 2018-12-20

Market Announcements

CODE TITLE DATE TYPE
MKTUPDTE NZB MKTUPDTE: NZB: NZB NTA 25-02-2020 $3.11569 26 Feb 2020, 10:34am MKTUPDTE