FundRock NZ Limited

InvestNow Macquarie NZ Fixed Interest Fund

InvestNow KiwiSaver SchemeDefensive

What the provider says about this fund

Provides exposure to an actively managed portfolio of fixed interest securities. It is a medium risk investment product, focusing predominantly on government bonds and corporate securities in the New Zealand market. Environmental, Social and Governance characteristics are integrated into the investment process where applicable

1-year return

2.56%

5-year return p.a.

0.70%

Total annual fee

0.61%

Fund size ($m)

0.5

Members

Inception date

23 October 2020

Risk indicator

The official Smart Investor risk indicator uses a scale from 1 to 7.

Lower riskHigher risk

Investment mix

Growth assets

0.00%

Income assets

100.00%

Asset class	Actual	Target	Average for Defensive funds
Australasian shares	0.00%	0.00%	0.11%
Cash and equivalents	0.64%	0.00%	48.53%
Commodities	0.00%	0.00%	0.00%
International bonds	0.00%	0.00%	22.70%
International shares	0.00%	0.00%	0.12%
Listed property	0.00%	0.00%	0.09%
New Zealand bonds	99.36%	100.00%	28.46%
Unknown	0.00%	0.00%	0.00%
Unlisted property	0.00%	0.00%	0.05%

Top 10 holdings

Rank	Asset	Asset class	Asset type	Country	% of fund
1	Mercer Macquarie NZ Fixed Interest Fund	Bonds	New Zealand Fixed Interest	NZ	100.00%

Fees

0.61% total annual fee

Fee type	Fee	Cost per year on a $30,000 balance	Average for Defensive funds
Management fees	0.56%	$168	0.46%
Other fees	0.05%	$15	0.06%
Membership fees	0.00%	$0	0.05%
Total combined fees	0.61%	$183	0.57%

Yearly returns

Year ending	Fund return	Average for Defensive funds
31 March 2022	-4.76%	-1.81%
31 March 2023	-0.98%	-0.19%
31 March 2024	2.59%	3.49%
31 March 2025	4.35%	3.79%
31 March 2026	2.56%	2.09%

Documents

Key personnel

Name	Position	Time in role
Anthony Sowerby	Investment Committee Member	6 years
Jason Choy	Investment Committee Member	3 years, 8 months
Kimi David	Investment Committee Member	1 year, 1 month
Mike Heath	Investment Committee Member	6 years