FundRock NZ Limited
InvestNow Russell Investments Global Fixed Interest Fund
InvestNow KiwiSaver SchemeDefensive
What the provider says about this fund
Provides exposure to a portfolio of international fixed interest securities and is actively managed using a multi-manager approach. Targets being fully hedged back to New Zealand dollars
1-year return
1.08%
5-year return p.a.
0.34%
Total annual fee
0.58%
Fund size ($m)
0.5
Members
43
Inception date
29 October 2020
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Investment mix
Growth assets
3.11%
Income assets
103.11%
| Asset class | Actual | Target | Average for Defensive funds |
|---|---|---|---|
| Australasian shares | 0.00% | 0.00% | 0.11% |
| Cash and equivalents | 4.76% | 0.00% | 48.53% |
| Commodities | 0.00% | 0.00% | 0.00% |
| International bonds | 96.27% | 100.00% | 22.70% |
| International shares | 0.00% | 0.00% | 0.12% |
| Listed property | 0.00% | 0.00% | 0.09% |
| New Zealand bonds | 2.08% | 0.00% | 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 | Settled Cash | Cash | Cash and Cash Equivalents | NZ | 2.39% |
| 2 | US TREASURY N/B | Bonds | International Fixed Interest | US | 1.79% |
| 3 | TBA true cash reduction | Cash | Cash and Cash Equivalents | US | 1.60% |
| 4 | Cash Held at Broker | Cash | Cash and Cash Equivalents | NZ | 1.53% |
| 5 | US TREASURY N/B | Bonds | International Fixed Interest | US | 1.31% |
| 6 | TREASURY BILL | Bonds | International Fixed Interest | US | 1.15% |
| 7 | TREASURY BILL | Bonds | International Fixed Interest | US | 1.15% |
| 8 | US TREASURY N/B | Bonds | International Fixed Interest | US | 1.14% |
| 9 | REPUBLIC OF POLAND | Bonds | International Fixed Interest | JP | 1.07% |
| 10 | CHINA GOVERNMENT BOND | Bonds | International Fixed Interest | CN | 1.05% |
Fees
0.58% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Defensive funds |
|---|---|---|---|
| Management fees | 0.53% | $159 | 0.46% |
| Other fees | 0.05% | $15 | 0.06% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.58% | $174 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 March 2022 | -3.12% | -1.81% |
| 31 March 2023 | -3.73% | -0.19% |
| 31 March 2024 | 1.91% | 3.49% |
| 31 March 2025 | 2.35% | 3.79% |
| 31 March 2026 | 1.08% | 2.09% |
Documents
- Full portfolio holdings (spreadsheet)
- Latest fund update
- Other material information
- Other material information
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Statement of investment policy and objectives
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 |