FundRock NZ Limited
InvestNow Russell Investments NZ Fixed Interest Fund
InvestNow KiwiSaver SchemeDefensive
What the provider says about this fund
Provides exposure to a diversified portfolio of predominantly investment grade New Zealand dollar denominated fixed interest securities
1-year return
2.39%
5-year return p.a.
0.85%
Total annual fee
0.49%
Fund size ($m)
2.3
Members
182
Inception date
29 October 2020
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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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 | -0.52% | 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 | 100.52% | 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 | NZGB 3% 20/04/2029 | Bonds | New Zealand Fixed Interest | NZ | 7.43% |
| 2 | NZGB 3.5% 14/04/2033 | Bonds | New Zealand Fixed Interest | NZ | 6.32% |
| 3 | NZGB 4.50% 15/04/2027 | Bonds | New Zealand Fixed Interest | NZ | 6.30% |
| 4 | NZGB 1.5% 15/05/2031 | Bonds | New Zealand Fixed Interest | NZ | 5.45% |
| 5 | NZGB 4.50% 15/05/2030 | Bonds | New Zealand Fixed Interest | NZ | 5.13% |
| 6 | NZGV 4.25% 15/05/2036 | Bonds | New Zealand Fixed Interest | NZ | 5.00% |
| 7 | NZGV 4.5% 15/05/2035 | Bonds | New Zealand Fixed Interest | NZ | 4.83% |
| 8 | NZGV 0.25% 15/05/2028 | Bonds | New Zealand Fixed Interest | NZ | 4.75% |
| 9 | NZGB 2% 15/05/2032 | Bonds | New Zealand Fixed Interest | NZ | 4.57% |
| 10 | NZGB 4.25% 15/05/2034 | Bonds | New Zealand Fixed Interest | NZ | 3.31% |
Fees
0.49% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Defensive funds |
|---|---|---|---|
| Management fees | 0.41% | $123 | 0.46% |
| Other fees | 0.08% | $24 | 0.06% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.49% | $147 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 March 2022 | -4.45% | -1.81% |
| 31 March 2023 | -0.80% | -0.19% |
| 31 March 2024 | 2.91% | 3.49% |
| 31 March 2025 | 4.48% | 3.79% |
| 31 March 2026 | 2.39% | 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 |