This fund invests in a selection of NZ dollar denominated cash investments and short-term bonds that aim to protect value while at the same time providing a higher return than bank deposits.
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||0.09%||0.24%||0.58%||0.79%||1.26%|
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.
|HSBC Bank New Zealand 111124 Frn||5.92%|
|Rabobk Nfix3fra + 38 28/06/2024||5.42%|
|Bank Of New Zealand 180324 Frn||4.76%|
|New Zealand Inland Revenue 060522 Rcd||4.14%|
|ICBC NZ 27/06/2022 FRN||3.81%|
|Bank Of China||3.09%|
|Inland Revenue Deposit 210622 Rcd||2.89%|
|Mufg Bank Ltd Auckland Branch 051124 Frn||2.84%|
|New Zealand Tax Trading Co 220622 Rcd||2.73%|
|Bank Of New Zealand Cash at Call||2.38%|