FundRock NZ Limited

InvestNow Harbour Australasian Equity Focus Fund

InvestNow KiwiSaver SchemeAggressive

What the provider says about this fund

Provides exposure to a portfolio of actively managed New Zealand and Australian listed equities. The underlying fund is a high conviction fund where the portfolio will consist of companies Harbour have researched and have a high belief will perform over the medium to longer-term

1-year return

-11.10%

5-year return p.a.

1.44%

Total annual fee

1.21%

Fund size ($m)

1.5

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

98.51%

Income assets

1.49%

Asset class	Actual	Target	Average for Aggressive funds
Australasian shares	95.60%	95.00%	28.28%
Cash and equivalents	1.49%	5.00%	1.31%
Commodities	0.00%	0.00%	0.09%
International bonds	0.00%	0.00%	0.17%
International shares	0.00%	0.00%	59.89%
Listed property	2.91%	0.00%	8.08%
New Zealand bonds	0.00%	0.00%	0.17%
Unknown	0.00%	0.00%	0.00%
Unlisted property	0.00%	0.00%	0.17%

Top 10 holdings

Rank	Asset	Asset class	Asset type	Country	% of fund
1	Harbour Australasian Equity Focus Fund	Shares	Australasian Equities	NZ	100.00%

Fees

1.21% total annual fee

Fee type	Fee	Cost per year on a $30,000 balance	Average for Aggressive funds
Management fees	0.88%	$264	0.71%
Other fees	0.33%	$99	0.08%
Performance fees	0.00%	$0	0.00%
Membership fees	0.00%	$0	0.05%
Total combined fees	1.21%	$363	0.85%

Yearly returns

Year ending	Fund return	Average for Aggressive funds
31 March 2022	4.90%	3.36%
31 March 2023	-11.91%	-4.50%
31 March 2024	10.56%	16.43%
31 March 2025	2.40%	4.58%
31 March 2026	-11.10%	12.72%

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