Smartshares Limited
Quaystreet Fixed Interest Fund
Quaystreet KiwiSaver SchemeDefensive
What the provider says about this fund
The QuayStreet Fixed Interest Fund invests in a diversified portfolio of fixed interest and derivative investments, with an emphasis on corporate bonds. The investment objective is to provide a level of return above the New Zealand corporate fixed interest market over the long term, consistent with the fund’s benchmark. The fund aims to make quarterly distributions.
1-year return
2.56%
5-year return p.a.
1.85%
Total annual fee
0.86%
Fund size ($m)
2.4
Members
82
Inception date
31 October 2009
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 | 1.03% | 0.00% | 48.53% |
| Commodities | 0.00% | 0.00% | 0.00% |
| International bonds | 23.28% | 30.00% | 22.70% |
| International shares | 0.00% | 0.00% | 0.12% |
| Listed property | 0.00% | 0.00% | 0.09% |
| New Zealand bonds | 75.69% | 70.00% | 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 | NZ LGFA (Apr 2033) | Bonds | New Zealand Fixed Interest | NZ | 2.66% |
| 2 | Vector (Oct 2026) | Bonds | New Zealand Fixed Interest | NZ | 2.66% |
| 3 | ANZ New Zealand Subordinated Notes (Sep 2031) | Bonds | New Zealand Fixed Interest | NZ | 2.21% |
| 4 | Channel Infrastructure NZ (May 2027) | Bonds | New Zealand Fixed Interest | NZ | 1.94% |
| 5 | ASB (Sep 2030) | Bonds | New Zealand Fixed Interest | NZ | 1.81% |
| 6 | NZ LGFA (May 2035) | Bonds | New Zealand Fixed Interest | NZ | 1.81% |
| 7 | Westpac NZ (Nov 2030) | Bonds | New Zealand Fixed Interest | NZ | 1.80% |
| 8 | Kiwibank (Dec 2029) | Bonds | New Zealand Fixed Interest | NZ | 1.80% |
| 9 | Kiwibank AU (Sep 2030) | Bonds | New Zealand Fixed Interest | NZ | 1.77% |
| 10 | Port of Tauranga (Nov 2028) | Bonds | New Zealand Fixed Interest | NZ | 1.68% |
Fees
0.86% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Defensive funds |
|---|---|---|---|
| Management fees | 0.67% | $201 | 0.46% |
| Other fees | 0.09% | $27 | 0.06% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 0.86% | $258 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 March 2017 | 2.54% | 1.52% |
| 31 March 2018 | 3.39% | 2.07% |
| 31 March 2019 | 3.03% | 2.39% |
| 31 March 2020 | 1.77% | 1.67% |
| 31 March 2021 | 2.98% | 1.64% |
| 31 March 2022 | -2.48% | -1.81% |
| 31 March 2023 | 0.59% | -0.19% |
| 31 March 2024 | 4.06% | 3.49% |
| 31 March 2025 | 4.69% | 3.79% |
| 31 March 2026 | 2.56% | 2.09% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Alister John Williams | Director - Smart | 10 years, 4 months |
| Craig Smith | Portfolio Manager, Fixed Interest - QuayStreet | 1 year, 11 months |
| Jon Raby | Director - Smart | 5 months |
| Roy Cross | Head of Australasian Equities - QuayStreet | 1 month |
| Stefan Stevanovic | Head of International Equities - QuayStreet | 3 years, 1 month |