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Forsyth Barr Global Equities Fund

The fund aims to achieve positive long-term returns by investing in selected international shares, subject to the risks associated with investments in international share markets.

Unit Price

AS AT 22 Sep 2021

1.7040 NZD

The unit prices shown do not take into account any adjustment for PIE tax.
Buy/sell spreads may apply when transacting. There are currently none.

Month End Unit Price

As at 31 Aug 2021

1.7463 NZD

Manager's Comment

We actively manage the fund’s foreign currency exposures. As at 31 August 2021, these exposures represented 92.15% of the value of the fund. After allowing for foreign currency hedges in place, 55.95% of the value of the fund was unhedged and exposed to foreign currency risk.

The next Manager’s commentary will be included in the September Performance Summary (available October 2021).

Major Investments

As at 31 Aug 2021

Company name Volume
ANZ transactional bank account 7.85%
Visa Inc.- Class A Shares 4.57%
Microsoft Corporation 3.83%
Mondelez International Inc 2.79%
Alphabet Inc Class A 2.57%
Merck & Co Inc 2.34%
Koninklijke Philips N.V. 2.29%
Medtronic Inc. 2.17%
Netflix Inc 2.13%
Taiwan Semiconductor Manufacturing Co Ltd 2.07%
Major holdings as % of total portfolio 32.60%
Total portfolio holdings 36

Performance over time

Return Comparison

As at 31 Aug 2021

1 Month 3 Months 1 Year 3 Years Since commenced operation
Net Fund Return 1 Month 0.36% 3 Months 3.30% 1 Year 7.93% 3 Years 7.96% Since commenced operation 3.74%
Gross Fund Return 1 Month 0.66% 3 Months 3.69% 1 Year 10.90% 3 Years 10.65% Since commenced operation 5.54%
MSCI ACWI Net TR Index (0% hedged to the NZD) 1 Month 1.64% 3 Months 8.15% 1 Year 23.52% 3 Years 12.11% Since commenced operation 8.49%
MSCI ACWI Net TR Index (50% hedged to the NZD) 1 Month 2.13% 3 Months 6.86% 1 Year 26.19% 3 Years 13.35% Since commenced operation 9.89%
MSCI ACWI Net TR Index (100% hedged to the NZD) 1 Month 2.62% 3 Months 5.55% 1 Year 28.72% 3 Years 14.38% Since commenced operation 10.95%

The unit prices shown do not take into account any adjustment for PIE tax.

Net Fund Returns are calculated after deduction of fund charges, trading expenses and accrued tax for a New Zealand resident paying individual tax at the highest Prescribed Investor Rate (28%). Gross Fund returns are calculated before deduction of taxes and fund charges but after deduction of trading expenses and including foreign tax credits, where applicable. Market index returns do not have any deductions for fund charges, trading expenses or tax.

Morningstar Performance

Morningstar, are a leading global provider of independent investment research that rank and report on Funds within New Zealand and Australia. View the latest Fund Report for the Global Equities Fund here.

Fund update

As at 30 June 2021

This document tells you how the Forsyth Barr Global Equities Fund has performed and what fees were charged. The document will help you to compare the fund with other funds.

General Fund Information

Risk indicator

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Potentially higher returns
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LOWER RISK
HIGHER RISK

The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the relevant fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way. The risk indicator is based on the returns data for the five years to 30 June 2021. See more information about the risks of investing in the Product Disclosure Statement.

Target investment mix

Cash and cash equivalents 10.00%
New Zealand fixed interest 0.00%
International fixed interest 0.00%
Australasian equities 0.00%
International equities 90.00%
Listed property 0.00%

Things to note

  • Manager: Forsyth Barr Investment Management Limited
  • Date the fund started: 26 June 2008
  • Tax status: Portfolio Investment Fund (PIE)
  • Minimum suggested investment time frame: At least five years
  • Benchmark: None
  • Currency: New Zealand dollars
  • View the Product Disclosure Statement for detailed information about this Fund and Forsyth Barr Investment Funds Scheme.

Fees

Annual fund charges are currently 1.50% p.a. of the value of your investment. This means that we pay management and administration charges along with the Supervisor fee out of this. All fees and charges are quoted exclusive of GST.

Trail commission may be paid to a Financial Adviser responsible for your Investment Funds account. Any trail fee is paid by Forsyth Barr Limited and is not a separate charge on your Investment Funds account.

Forsyth Barr Investment Management is the manager of the Investment Funds. The comments on this webpage do not take your personal circumstances into account. Before acting on this information, please contact your Forsyth Barr Investment Adviser. Forsyth Barr Limited and its affiliates do not make any representation or warranty (express or implied) that this webpage is accurate, complete, or current and to the maximum extent permitted by law disclaim any liability for loss which may be incurred by any person relying on this webpage. This webpage is not intended to be distributed or made available to any person in any jurisdiction where doing so would constitute a breach of any applicable laws or regulations.

© 2021 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘regulated financial advice’ under New Zealand law has been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. For more information refer to our Financial Services Guide (AU) or Financial Advice Provider Disclosure Statement (NZ) at www.morningstar.com.au/s/fsg.pdf and ww.morningstar.au/s/fapds.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser.
The Morningstar Rating is an assessment of a fund’s past performance – based on both return and risk – which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment decision.

 

Get in touch

24 locations around New Zealand

To find out more about our Global Equities Fund, speak to one of our Investment Advisers. They will help you determine the role an Investment Fund can play in helping you achieve your goals.