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:

26/02/2020

MARKET PRICE:

$2.976

NTA:

$2.97

YIELD:

2.92%

TOTAL FUND VALUE:

$166,607,527

FUND CHARGES:

0.33%

 

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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
-- Westpac Current Account Cash & cash equivalents 9.15%
-- Fonterra Cooperative Group Ltd 08/10/21 FRN Corporates & SOEs 5.18%
-- Toyota Finance NZ Ltd 26/10/22 FRN Corporates & SOEs 4.31%
-- SBS Bank 29/07/20 TD NZ Bank 4.31%
-- Kiwibank Ltd 22/11/21 FRN NZ Bank 3.85%
-- TSB Bank Ltd 22/01/20 RCD NZ Bank 3.83%
-- Port of Tauranga 17/03/20 PNOTE Corporates & SOEs 3.81%
-- China Construction Bank 20/02/20 TD Corporates & SOEs 3.49%
-- Wellington International Airport 12/03/20 PNOTE Corporates & SOEs 3.39%
-- Kiwibank Ltd 13/02/20 TD NZ Bank 3.13%

PORTFOLIO CHARACTERISTICS

As at 31 December 2019.

PORTFOLIO CHARACTERISTICS FUND BENCHMARK
Duration (days) 67 45
Yield (%) 1.90 1.20
Sector Breakdown (%)
New Zealand Banks 58.0
Corporates and SOEs 42.0
NZ Govt and Local Authority 0.00

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%) 0.09% 0.30% 1.63% 1.85%
Returns (After fees, before tax) 0.12% 0.41% 2.26% 2.58%
Returns (Before fees, before tax) 0.15% 0.49% 2.60% 2.92%
Index Returns* 0.11% 0.31% 1.59% 1.86%
  1. *S&P/NZX Bank Bills 90-Day Index

Table of Dividends

Upcoming Dividends

EX DIVIDEND PERIOD AMOUNT SUPPL. IMPUTATION PAYABLE
2020-02-27 INT 1.079018 0.190415 0.419618 2020-03-20

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 25-02-2020 $2.97439 26 Feb 2020, 10:34am MKTUPDTE