The fund invests in a broad selection of NZ dollar denominated bonds issued by Governments, Government entities, banks and companies, providing investors with a regular income. The fund may experience modest ups and downs in value.
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||0.22%||-3.74%||-7.87%||-1.78%||0.91%|
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.
|NZ Govt Inflation Index Bond 20/09/25||11.84%|
|Kommunalbanken AS 1.25% 02/07/2030||5.76%|
|Westpac NZ 1.439% 02/24/26||3.54%|
|Westpac New Zealand Ltd 160227 3.696 Cb||3.32%|
|Kiwibank Ltd 2.155% 20/09/2024||2.95%|
|NZ Government Bond 2% 15/05/2032||2.86%|
|Housing NZ 3.42% 18/10/2028||2.70%|
|ASB Bank Ltd 040526 1.646 Cb||2.62%|
|Housing NZ 2.183% 24/04/2030||2.50%|
|NZ Local Govt Funding Agency 3.50% 14/04/2033||2.16%|