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:

06/12/2019

MARKET PRICE:

$2.969

NTA:

$2.97

YIELD:

2.93%

TOTAL FUND VALUE:

$80,545,811

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 31 October 2019.

PORTFOLIO CHARACTERISTICS FUND BENCHMARK
Duration (days) 99 45
Yield (%) 2.27 1.11
Sector Breakdown (%)
New Zealand Banks 62.1
Corporates and SOEs 31.3
NZ Govt and Local Authority 6.6

Fund Performance

Net Tangible Assets (NTA) per Unit Performance

1 Month 3 Months 1 Year 3 Years Annualised 5 Years Annualised
Investor Returns* 0.10% 0.34% 1.75% 1.90%
  1. * Returns are as at 30 November 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

Upcoming Dividends

EX DIVIDEND PERIOD AMOUNT SUPPL. IMPUTATION PAYABLE
2019-11-28 INT 1.469116 0.259256 0.571323 2019-12-18

Historic Dividends

EX DIVIDEND PERIOD AMOUNT SUPPL. IMPUTATION PAYABLE
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
2018-08-30 INT 1.546832 0.272970 0.601546 2018-09-20

Market Announcements

CODE TITLE DATE TYPE
MKTUPDTE NZC MKTUPDTE: NZC: NZC NTA 06-12-2019 $2.96703 09 Dec 2019, 08:54am MKTUPDTE