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:

17/01/2020

MARKET PRICE:

$2.973

NTA:

$2.97

YIELD:

2.92%

TOTAL FUND VALUE:

$136,552,726

FUND CHARGES:

0.33%

 

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Funds Summary


TOP 10 HOLDINGS

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

TICKER ISSUER INDUSTRY SECTOR WEIGHTING
-- Meridian Energy Ltd 29/10/19 FRN Corporates & SOEs 7.52%
-- Fonterra Cooperative Group Ltd 08/10/21 FRN Corporates & SOEs 6.82%
-- SBS Bank 29/07/20 TD NZ Bank 6.26%
-- Kiwibank Ltd 22/11/21 FRN NZ Bank 5.63%
-- China Construction Bank 20/02/20 TD Corporates & SOEs 5.07%
-- Westpac Current Account Cash & cash equivalents 4.76%
-- Kiwibank Ltd 13/02/20 TD NZ Bank 4.56%
-- Kiwibank Ltd 10/03/20 TD NZ Bank 3.80%
-- ICBC Ltd 10/10/19 RCD Corporates & SOEs 3.73%
-- Westpac 30/01/20 TD NZ Bank 3.17%

PORTFOLIO CHARACTERISTICS

As at 30 November 2019.

PORTFOLIO CHARACTERISTICS FUND BENCHMARK
Duration (days) 88 45
Yield (%) 2.17 1.16
Sector Breakdown (%)
New Zealand Banks 63.1
Corporates and SOEs 35.0
NZ Govt and Local Authority 1.9

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%) 0.10% 0.34% 1.75% 1.90%
Returns (After fees, before tax) 0.15% 0.47% 2.44% 2.65%
Returns (Before fees, before tax) 0.17% 0.55% 2.78% 2.99%
Index Returns* 0.09% 0.29% 1.76% 1.91%
  1. *S&P/NZX Bank Bills 90-Day Index

Table of Dividends

Historic Dividends

EX DIVIDEND PERIOD AMOUNT SUPPL. IMPUTATION PAYABLE
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
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

Market Announcements

CODE TITLE DATE TYPE
MKTUPDTE NZC MKTUPDTE: NZC: NZC NTA 16-01-2020 $2.97065 17 Jan 2020, 11:09am MKTUPDTE