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Forsyth Barr NZ Fixed Interest Fund

The fund aims to achieve positive long-term returns by investing in selected New Zealand dollar denominated fixed interest assets, subject to the risks associated with investments in fixed interest markets.

Unit Price

AS AT 7 Apr 2020

1.8401 NZD

Month End Unit Price

As at 29 Feb 2020

1.8836 NZD

Manager's Comment

The next Manager’s commentary will be included in the March Performance Summary (available April 2020).

Major Investments

As at 29 Feb 2020

Company name Volume
New Zealand Local Government Funding Agency Ltd 14/04/2033 3.50% 11.90%
New Zealand Local Government Funding Agency Ltd 15/04/2025 2.75% 5.44%
Housing New Zealand 3.42% 18/10/2028 5.01%
Meridian Energy Limited 27/06/2025 4.21% 3.74%
New Zealand Local Government Funding Agency Ltd 15/04/2023 5.50% 3.60%
Bank of New Zealand Subordinated Note 17/12/2025 5.314% 3.47%
Port of Tauranga Limited 4.792% 29/01/2021 3.47%
ANZ transactional bank account 3.19%
Housing New Zealand 3.36% 12/06/2025 1.97%
Genesis Energy Limited 5.0% 03/04/2025 1.94%
Major holdings as % of total portfolio 43.72%
Total portfolio holdings 71

Return Comparison

As at 29 Feb 2020

1 Month 3 Months 1 Year 3 Years* Since commenced operation*
Net Fund Return 1 Month 0.68% 3 Months 1.00% 1 Year 4.21% 3 Years* 3.58% Since commenced operation* 3.98%
Gross Fund Return 1 Month 1.01% 3 Months 1.60% 1 Year 6.75% 3 Years* 5.85% Since commenced operation* 6.47%
S&P/NZX Investment Grade Corporate Bond Index 1 Month 0.90% 3 Months 1.40% 1 Year 6.25% 3 Years* 5.56% Since commenced operation* 6.53%

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. Market index returns do not have any deductions for fund charges, trading expenses or tax.

The S&P/NZX Investment Grade Corporate Bond Index (“Index”) is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Forsyth Barr Limited. Copyright © 2015 S&P Dow Jones Indices LLC, a subsidiary of McGraw Hill Financial Inc., and/or its affiliates. All rights reserved. Redistribution, reproduction and/or photocopying in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit S&P® is a registered trademark of Standard & Poor’s Financial Services LLC and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.

Fund update

As at 31 December 2019

This document tells you how the Forsyth Barr New Zealand Fixed Interest 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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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 31 December 2019. See more information about the risks of investing in the Product Disclosure Statement.

Target investment mix

Price Volume
Cash and cash equivalents 5.00%
New Zealand fixed interest 90.00%
International fixed interest 5.00%
Australasian equities 0.00%
International equities 0.00%
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 three years
  • Benchmark: None
  • Currency: New Zealand dollars
  • View the Product Disclosure Statement for detailed information about this Fund and Forsyth Barr Investment Funds Scheme.


Annual fund charges are currently 0.80% of the net asset value of the fund (estimated), made up of our management fee (0.75%) and other annual fund charges (0.05%, estimated).

All fees and charges are quoted exclusive of GST.

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 Authorised Financial Adviser. His or her disclosure statement is available on request and free of charge. 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.

Get in touch

22 locations around New Zealand

To find out more about our NZ Fixed Interest 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.