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:

04/06/2020

MARKET PRICE:

$2.958

NTA:

$2.96

YIELD:

2.36%

TOTAL FUND VALUE:

$249,680,970

FUND CHARGES:

0.33%

 

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Funds Summary


TOP 10 HOLDINGS

Top 10 issuer exposure as at 31 March 2020. Updated quarterly.

TICKER ISSUER INDUSTRY SECTOR WEIGHTING
-- Westpac Current Account Cash & cash equivalents 12.54%
-- Bank of New Zealand 18/06/20 CB NZ Bank 2.96%
-- ANZ Bank New Zealand Ltd 25/09/20 CB NZ Bank 2.85%
-- Rabobank New Zealand 14/01/21 RCD NZ Bank 2.79%
-- Dunedin City Treasury Ltd 16/11/20 CB Local Authority 2.72%
-- Transpower New Zealand 10/06/20 CB Corporates & SOEs 2.68%
-- Fonterra Cooperative Group Ltd 08/10/21 FRN Corporates & SOEs 2.60%
-- ANZ Bank New Zealand Ltd 07/08/20 TD Corporates & SOEs 2.60%
-- Westpac New Zealand 04/02/21 TD NZ Bank 2.60%
-- Kiwibank Ltd 23/07/20 TD NZ Bank 2.59%

PORTFOLIO CHARACTERISTICS

As at 31 March 2020.

PORTFOLIO CHARACTERISTICS FUND BENCHMARK
Duration (days) 103 45
Sector Breakdown (%)
New Zealand Banks 70.5
Corporates and SOEs 25.5
NZ Govt and Local Authority 4.0

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%) 0.18% 0.17% 1.32% 1.74%
Returns (After fees, before tax) 0.27% 0.26% 1.86% 2.43%
Returns (Before fees, before tax) 0.30% 0.34% 2.20% 2.77%
Index Returns* 0.07% 0.35% 1.46% 1.81%
  1. *S&P/NZX Bank Bills 90-Day Index. Returns as at 30 April 2020.

Table of Dividends

Upcoming Dividends

EX DIVIDEND PERIOD AMOUNT SUPPL. IMPUTATION PAYABLE
2020-05-28 FIN 1.360058 0.000000 0.000000 2020-06-19

Historic Dividends

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

Market Announcements

CODE TITLE DATE TYPE
MKTUPDTE NZC MKTUPDTE: NZC: NZC NTA 04-06-2020 $2.95583 05 Jun 2020, 08:31am MKTUPDTE