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:

19/08/2019

MARKET PRICE:

$2.986

NTA:

$2.98

YIELD:

2.98%

TOTAL FUND VALUE:

$79,066,103

FUND CHARGES:

0.33%

 

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Funds Summary


TOP 10 HOLDINGS

Top 10 issuer exposure as at 30 June 2019. Updated quarterly.

TICKER ISSUER INDUSTRY SECTOR WEIGHTING
-- SBS Bank 01/08/19 TD NZ Bank 12.74%
-- Meridian Energy Ltd 29/10/19 FRN Corporates & SOEs 7.46%
-- Fonterra Cooperative Group Ltd 08/10/21 FRN Corporates & SOEs 6.74%
-- Kiwibank Ltd 22/11/21 FRN NZ Bank 5.57%
-- China Construction Bank 20/02/20 TD Corporates & SOEs 4.98%
-- Kiwibank Ltd 13/02/20 TD NZ Bank 4.54%
-- Bank of New Zealand 12/07/19 TD NZ Bank 3.79%
-- Kiwibank Ltd 10/03/20 TD NZ Bank 3.73%
-- ICBC Ltd 10/10/19 RCD Corporates & SOEs 3.68%
-- Westpac 30/01/20 TD NZ Bank 3.11%

PORTFOLIO CHARACTERISTICS

As at 31 July 2019.

PORTFOLIO CHARACTERISTICS FUND BENCHMARK
Duration (days) 124 45
Yield (%) 2.66 1.50
Sector Breakdown (%)
New Zealand Banks 73.9
Corporates and SOEs 18.6
NZ Govt and Local Authority 7.5

Fund Performance

Net Tangible Assets (NTA) per Unit Performance

1 Month 3 Months 1 Year 3 Years Annualised 5 Years Annualised
Investor Returns* 0.16% 0.46% 1.86% 1.98%
  1. * Returns are as at 31 July 2019 and are calculated on NTA movement, assuming distributions are reinvested on ex-date, and are after tax at 28% and fund charges.

Table of Dividends

Historic Dividends

EX DIVIDEND PERIOD AMOUNT SUPPL. IMPUTATION PAYABLE
2019-05-30 FIN 1.765133 0.311494 0.686441 2019-06-20
2019-02-27 INT 1.529167 0.269853 0.594676 2019-03-20
2018-11-29 INT 1.567988 0.276704 0.609773 2018-12-20
2018-08-30 INT 1.546832 0.272970 0.601546 2018-09-20
2018-05-30 FIN 1.563119 0.275845 0.607880 2018-06-20

Market Announcements

CODE TITLE DATE TYPE
MKTUPDTE NZC MKTUPDTE: NZC: NZC NTA 19-08-2019 $2.98436 20 Aug 2019, 09:18am MKTUPDTE