This fund provides investors with concentrated exposure to New Zealand and Australian share markets from an actively managed investment portfolio of high conviction companies. The manager selects companies for investment where they have a strong view on the medium-term outlook for positive returns.
In times of high uncertainty or low conviction the fund can hold more cash than typical Australasian shares funds.
Risk Indicator (volatility)
Target Asset Allocation
This number indicates the relative 'risk' level of this fund based on the types of assets it is invested in, ranging from level 1 (least risky) to 7 (most risky).
|Risk category||Description of volatility|
|4||Medium to High|
The risk indicators are calculated using returns of the funds, the returns of the fund’s market index or a combination of both, for the previous five years. Index returns or a mix are used if the fund has existed for less than five years. All Managers are required to use the same methodology so you can compare the risk of different funds if you are researching more than one manager.
|One month||Three months||One year||Three years (p.a)||Five years (p.a)|
|Appropriate Market Index (AMI)2||-4.81%||-5.31%||-7.55%||4.50%||9.73%|
AMI (appropriate market index) is a theoretical portfolio with similar underlying assets as the fund. This allows investors to see a comparison of how the value of those assets have changed in the market relative to the fund.
|Fisher & Paykel Healthcare||9.43%|
|Spark New Zealand Ltd||9.32%|
|Contact Energy Limited||8.25%|
|EBOS Group Limited||7.76%|
|Aristocrat Leisure Ltd||6.77%|
|Ingenia Communities Group||6.21%|
|Pushpay Holdings Ltd||6.17%|
|Waypoint REIT Fully Paid Ord Units Stapled Securities||5.66%|