Portfolios & Performance
Portfolios & Performance
Core Cash Portfolio
Performance
Performance since inception (28 February 2008) to 31 October 2019
Core Cash Portfolio
- Returns are stated after Portfolio fees and expenses, but before any advisory fees or investor tax. Past performance is not necessarily an indication of future returns.
- Cumulative returns.
Maximum Decline and Volatility
- Returns should be looked at in conjunction with the level of risk associated with an investment. 'Maximum decline' is a measure of risk. It represents the largest decline in value experienced during the last 12 months.
- This is the annualised standard deviation calculated from weekly returns of the Portfolio over the 5 years ending 30 September 2019. For more details on the Portfolio’s Maximum Decline and Volatility please contact NZ Funds.
Note: Rounding may affect some numbers.
Portfolios
Core Cash Portfolio
Complete Portfolio as at 21 October 2019
1. The yield is not the actual return of the Portfolio, nor is it a projection or forecast. Details of the yield calculation are available on request from NZ Funds. 2. Net receivables include unrealised profit and loss and net receivables/payables. 3. Total economic exposure represents the total economic value of a Portfolio, which is the net asset value of the Portfolio adjusted for the effect of direct derivative positions taken by the Portfolio and indirect derivative positions taken other than via a fund including hedge funds. For more details on economic exposure, see the Other Material Information document on the Offer Register at www.companiesoffice.govt.nz/disclose. Note: Rounding may affect any subtotals and totals.
Overview
| Objective | To provide a source of capital by primarily investing in income assets. |
| Investment category | Cash |
| Risk & volatility | Please see the NZ Funds Advised Portfolio Service Product Disclosure Statement or the latest Fund Update for information on risk. |
| Minimum suggested investment timeframe | 1 month + |
| Investment strategy summary | It is anticipated that the Portfolio will mainly hold cash and cash equivalents. It may also invest in Australasian and international bonds. |
| Withdrawal restriction | The Portfolio has no withdrawal restrictions. |
| Further information | Further information is contained in the NZ Funds Advised Portfolio Service Product Disclosure Statement. |
Core Income Portfolio
Performance
Performance since inception (23 July 2008) to 31 October 2019
Core Income Portfolio
- Returns are stated after Portfolio fees and expenses, but before any advisory fees or investor tax. Past performance is not necessarily an indication of future returns.
- Cumulative returns.
Maximum Decline and Volatility
- Returns should be looked at in conjunction with the level of risk associated with an investment. 'Maximum decline' is a measure of risk. It represents the largest decline in value experienced during the last 12 months.
- This is the annualised standard deviation calculated from weekly returns of the Portfolio over the 5 years ending 30 September 2019. For more details on the Portfolio’s Maximum Decline and Volatility please contact NZ Funds.
Note: Rounding may affect some numbers.
Portfolios
Core Income Portfolio
Complete Portfolio as at 21 October 2019
1. The yield is not the actual return of the Portfolio, nor is it a projection or forecast. Details of the yield calculation are available on request from NZ Funds. 2. Total economic exposure represents the total economic value of a Portfolio, which is the net asset value of the Portfolio adjusted for the effect of direct derivative positions taken by the Portfolio and indirect derivative positions taken other than via a fund including hedge funds. For more details on economic exposure, see the Other Material Information document on the Offer Register at www.companiesoffice.govt.nz/disclose. Note: Rounding may affect any subtotals and totals.
Overview
| Objective | To provide exposure to income assets. |
| Investment category | Income |
| Risk & volatility | Please see the NZ Funds Advised Portfolio Service Product Disclosure Statement (PDS) or the latest Fund Update for information on risk. |
| Minimum suggested investment timeframe | 2 years + |
| Investment strategy summary | It is anticipated that the Portfolio will mainly hold cash and cash equivalents and Australasian bonds. It may also invest in international bonds and other permitted assets. |
| Withdrawal restriction | The Portfolio has a 21-day withdrawal notice period. |
| Further information | Further information is contained in the NZ Funds Advised Portfolio Service Product Disclosure Statement. |
Global Income Portfolio
Performance
Performance since inception (31 October 2008) to 31 October 2019
Global Income Portfolio
- Returns are stated after Portfolio fees and expenses, but before any advisory fees or investor tax. Past performance is not necessarily an indication of future returns.
- Cumulative returns.
Maximum Decline and Volatility
- Returns should be looked at in conjunction with the level of risk associated with an investment. 'Maximum decline' is a measure of risk. It represents the largest decline in value experienced during the last 12 months.
- This is the annualised standard deviation calculated from weekly returns of the Portfolio over the 5 years ending 30 September 2019. For more details on the Portfolio’s Maximum Decline and Volatility please contact NZ Funds.
Note: Rounding may affect some numbers.
Portfolios
Global Income Portfolio
Complete Portfolio as at 21 October 2019
1. The yield is not the actual return of the Portfolio, nor is it a projection or forecast. Details of the yield calculation are available on request from NZ Funds. 2. Total economic exposure represents the total economic value of a Portfolio, which is the net asset value of the Portfolio adjusted for the effect of direct derivative positions taken by the Portfolio and indirect derivative positions taken other than via a fund including hedge funds. For more details on economic exposure, see the Other Material Information document on the Offer Register at www.companiesoffice.govt.nz/disclose. Note: Rounding may affect any subtotals and totals.
Overview
| Objective | To provide exposure to income assets. |
| Investment category | Income |
| Risk & volatility | Please see the NZ Funds Advised Portfolio Service Product Disclosure Statement or the latest Fund Update for information on risk. |
| Minimum suggested investment timeframe | 2 years + |
| Investment strategy summary | It is anticipated that the Portfolio will mainly hold cash and cash equivalents and international bonds. It may also invest in Australasian bonds and other permitted assets. |
| Withdrawal restriction | The Portfolio has a 21-day withdrawal notice period. |
| Further information | Further information is contained in the NZ Funds Advised Portfolio Service Product Disclosure Statement. |
Core Inflation Portfolio
Performance
Performance since inception (31 October 2008) to 31 October 2019
Core Inflation Portfolio
- Returns are stated after Portfolio fees and expenses, but before any advisory fees or investor tax. Past performance is not necessarily an indication of future returns.
- Cumulative returns.
Maximum Decline and Volatility
- Returns should be looked at in conjunction with the level of risk associated with an investment. 'Maximum decline' is a measure of risk. It represents the largest decline in value experienced during the last 12 months.
- This is the annualised standard deviation calculated from weekly returns of the Portfolio over the 5 years ending 30 September 2019. For more details on the Portfolio’s Maximum Decline and Volatility please contact NZ Funds.
Note: Rounding may affect some numbers.
Portfolios
Core Inflation Portfolio
Complete Portfolio as at 21 October 2019
1. Where a strategy is shown, the asset class reflects the predominant assets in the strategy. The strategy may include other assets including cash. 2. The yield calculation represents an estimate of the yield on the Portfolio, calculated using the most recent information provided by the external investment managers involved in managing the Portfolio, hedged back to New Zealand dollars where appropriate. It is not calculated 'as at' any particular date as different external investment managers provide data at varying dates. As a result, in some instances the yields may lag the date of this Portfolio summary. The yield is not the actual return on the Portfolio, nor is it a projection or forecast. The Portfolio's return could be less than the Portfolio's yield. Details of the yield calculation are available on request from NZ Funds. 3. Inflation swaps notional value is currently $12,961,778. 4. Total economic exposure represents the total economic value of a Portfolio, which is the net asset value of the Portfolio adjusted for the effect of direct derivative positions taken by the Portfolio and indirect derivative positions taken other than via a fund including hedge funds. For more details on economic exposure, see the Other Material Information document on the Offer Register at www.companiesoffice.govt.nz/disclose. Note: Rounding may affect any subtotals and totals.
Overview
| Objective | To mitigate the impact of inflation on your investment over the medium and/or long term by investing in income and growth assets. |
| Investment category | Inflation |
| Risk & volatility | Please see the NZ Funds Advised Portfolio Service Product Disclosure Statement or the latest Fund Update for information on risk. |
| Minimum suggested investment timeframe | 5 years + |
| Investment strategy summary | It is anticipated that the Portfolio will mainly hold inflation-sensitive assets including cash and cash equivalents, Australasian and international bonds, and Australasian shares. It may also invest in other permitted assets. |
| Withdrawal restriction | The Portfolio has a 21-day withdrawal notice period. |
| Further information | Further information is contained in the NZ Funds Advised Portfolio Service Product Disclosure Statement. |
Property Inflation Portfolio
Performance
Performance since inception (31 October 2008) to 31 October 2019
Property Inflation Portfolio
- Returns are stated after Portfolio fees and expenses, but before any advisory fees or investor tax. Past performance is not necessarily an indication of future returns.li>
- Cumulative returns.
Maximum Decline and Volatility
- Returns should be looked at in conjunction with the level of risk associated with an investment. 'Maximum decline' is a measure of risk. It represents the largest decline in value experienced during the last 12 months.
- This is the annualised standard deviation calculated from weekly returns of the Portfolio over the 5 years ending 30 September 2019. For more details on the Portfolio’s Maximum Decline and Volatility please contact NZ Funds.
Note: Rounding may affect some numbers.
Portfolios
Property Inflation Portfolio
Complete Portfolio as at 21 October 2019
1. Where a strategy is shown, the asset class reflects the predominant assets in the strategy. The strategy may include other assets including cash. 2. The yield calculation represents an estimate of the yield on the Portfolio, calculated using the most recent information provided by the external investment managers involved in managing the Portfolio, hedged back to New Zealand dollars where appropriate. It is not calculated 'as at' any particular date as different external investment managers provide data at varying dates. As a result, in some instances the yields may lag the date of this Portfolio summary. The yield is not the actual return on the Portfolio, nor is it a projection or forecast. The Portfolio's return could be less than the Portfolio's yield. Details of the yield calculation are available on request from NZ Funds. 3. Total economic exposure represents the total economic value of a Portfolio, which is the net asset value of the Portfolio adjusted for the effect of direct derivative positions taken by the Portfolio and indirect derivative positions taken other than via a fund including hedge funds. For more details on economic exposure, see the Other Material Information document on the Offer Register at www.companiesoffice.govt.nz/disclose. Note: Rounding may affect any subtotals and totals.
Overview
| Objective | To mitigate the impact of inflation on your investment over the medium and/or long term by investing in income and growth assets. |
| Investment category | Inflation |
| Risk & volatility | Please see the NZ Funds Advised Portfolio Service Product Disclosure Statement or the latest Fund Update for information on risk. |
| Minimum suggested investment timeframe | 5 years + |
| Investment strategy summary | It is anticipated that the Portfolio will mainly hold inflation-sensitive assets including cash and cash equivalents, and Australasian and international bonds, property shares and infrastructure shares. It may also invest in other permitted assets. |
| Withdrawal restriction | The Portfolio has a 21-day withdrawal notice period. |
| Further information | Further information is contained in the NZ Funds Advised Portfolio Service Product Disclosure Statement. |
Equity Inflation Portfolio
Performance
Performance since inception (31 October 2008) to 31 October 2019
Equity Inflation Portfolio
- Returns are stated after Portfolio fees and expenses, but before any advisory fees or investor tax. Past performance is not necessarily an indication of future returns.
- Cumulative returns.
Maximum Decline and Volatility
- Returns should be looked at in conjunction with the level of risk associated with an investment. 'Maximum decline' is a measure of risk. It represents the largest decline in value experienced during the last 12 months.
- This is the annualised standard deviation calculated from weekly returns of the Portfolio over the 5 years ending 30 September 2019. For more details on the Portfolio’s Maximum Decline and Volatility please contact NZ Funds.
Note: Rounding may affect some numbers.
Portfolios
Equity Inflation Portfolio
Complete Portfolio as at 21 October 2019
1. Where a strategy is shown, the asset class reflects the predominant assets in the strategy. The strategy may include other assets including cash. 2. The yield calculation represents an estimate of the yield on the Portfolio, calculated using the most recent information provided by the external investment managers involved in managing the Portfolio, hedged back to New Zealand dollars where appropriate. It is not calculated 'as at' any particular date as different external investment managers provide data at varying dates. As a result, in some instances the yields may lag the date of this Portfolio summary. The yield is not the actual return on the Portfolio, nor is it a projection or forecast. The Portfolio's return could be less than the Portfolio's yield. Details of the yield calculation are available on request from NZ Funds. 3. Inflation swaps notional value is currently $9,875,481. 4. Total economic exposure represents the total economic value of a Portfolio, which is the net asset value of the Portfolio adjusted for the effect of direct derivative positions taken by the Portfolio and indirect derivative positions taken other than via a fund including hedge funds. For more details on economic exposure, see the Other Material Information document on the Offer Register at www.companiesoffice.govt.nz/disclose. Note: Rounding may affect any subtotals and totals.
Overview
| Objective | To mitigate the impact of inflation on your investment over the medium and/or long term by investing in income and growth assets. |
| Investment category | Inflation |
| Risk & volatility | Please see the NZ Funds Advised Portfolio Service Product Disclosure Statement or the latest Fund Update for information on risk. |
| Minimum suggested investment timeframe | 5 years + |
| Investment strategy summary | It is anticipated that the Portfolio will mainly hold inflation-sensitive assets including cash and cash equivalents, Australasian and international bonds, and international shares. It may also invest in other permitted assets. |
| Withdrawal restriction | The Portfolio has a 21-day withdrawal notice period. |
| Further information | Further information is contained in the NZ Funds Advised Portfolio Service Product Disclosure Statement. |
Core Growth Portfolio
Performance
Performance since inception (31 October 2008) to 31 October 2019
Core Growth Portfolio
- Returns are stated after Portfolio fees and expenses, but before any advisory fees or investor tax. Past performance is not necessarily an indication of future returns.
- Cumulative returns.
Maximum Decline and Volatility
- Returns should be looked at in conjunction with the level of risk associated with an investment. 'Maximum decline' is a measure of risk. It represents the largest decline in value experienced during the last 12 months.
- This is the annualised standard deviation calculated from weekly returns of the Portfolio over the 5 years ending 30 September 2019. For more details on the Portfolio’s Maximum Decline and Volatility please contact NZ Funds.
Note: Rounding may affect some numbers.
Portfolios
Core Growth Portfolio
Complete Portfolio as at 21 October 2019
1. Where a strategy is shown, the asset class reflects the predominant assets in the strategy. The strategy may include other assets including cash. 2. The yield calculation represents an estimate of the yield on the Portfolio, calculated using the most recent information provided by the external investment managers involved in managing the Portfolio, hedged back to New Zealand dollars where appropriate. It is not calculated 'as at' any particular date as different external investment managers provide data at varying dates. As a result, in some instances the yields may lag the date of this Portfolio summary. The yield is not the actual return on the Portfolio, nor is it a projection or forecast. The Portfolio's return could be less than the Portfolio's yield. Details of the yield calculation are available on request from NZ Funds. 3. Total economic exposure represents the total economic value of a Portfolio, which is the net asset value of the Portfolio adjusted for the effect of direct derivative positions taken by the Portfolio and indirect derivative positions taken other than via a fund including hedge funds. For more details on economic exposure, see the Other Material Information document on the Offer Register at www.companiesoffice.govt.nz/disclose. Note: Rounding may affect any subtotals and totals.
Overview
| Objective | To grow your investment over the long term by investing in income and growth assets. |
| Investment category | Growth |
| Risk & volatility | Please see the NZ Funds Advised Portfolio Service Product Disclosure Statement or the latest Fund Update for information on risk. |
| Minimum suggested investment timeframe | 10 years + |
| Investment strategy summary | It is anticipated that the Portfolio will mainly hold hedge funds and/or international shares. It may also invest in other permitted assets. |
| Withdrawal restriction | The Portfolio has a 21-day withdrawal notice period. |
| Further information | Further information is contained in the NZ Funds Advised Portfolio Service Product Disclosure Statement. |
Global Equity Growth Portfolio
Performance
Performance since inception (31 October 2008) to 31 October 2019
Global Equity Growth Portfolio
- Returns are stated after Portfolio fees and expenses, but before any advisory fees or investor tax. Past performance is not necessarily an indication of future returns.
- Cumulative returns.
Maximum Decline and Volatility
- Returns should be looked at in conjunction with the level of risk associated with an investment. 'Maximum decline' is a measure of risk. It represents the largest decline in value experienced during the last 12 months.
- This is the annualised standard deviation calculated from weekly returns of the Portfolio over the 5 years ending 30 September 2019. For more details on the Portfolio’s Maximum Decline and Volatility please contact NZ Funds.
Note: Rounding may affect some numbers.
Portfolios
Global Equity Growth Portfolio
Complete Portfolio as at 21 October 2019
1. Where a strategy is shown, the asset class reflects the predominant assets in the strategy. The strategy may include other assets including cash. 2. The yield calculation represents an estimate of the yield on the Portfolio, calculated using the most recent information provided by the external investment managers involved in managing the Portfolio, hedged back to New Zealand dollars where appropriate. It is not calculated 'as at' any particular date as different external investment managers provide data at varying dates. As a result, in some instances the yields may lag the date of this Portfolio summary. The yield is not the actual return on the Portfolio, nor is it a projection or forecast. The Portfolio's return could be less than the Portfolio's yield. Details of the yield calculation are available on request from NZ Funds. 3. Total economic exposure represents the total economic value of a Portfolio, which is the net asset value of the Portfolio adjusted for the effect of direct derivative positions taken by the Portfolio and indirect derivative positions taken other than via a fund including hedge funds. For more details on economic exposure, see the Other Material Information document on the Offer Register at www.companiesoffice.govt.nz/disclose. Note: Rounding may affect any subtotals and totals.
Overview
| Objective | To grow your investment over the long term by investing in income and growth assets. |
| Investment category | Growth |
| Risk & volatility | Please see the NZ Funds Advised Portfolio Service Product Disclosure Statement or the latest Fund Update for information on risk. |
| Minimum suggested investment timeframe | 10 years + |
| Investment strategy summary | It is anticipated that the Portfolio will mainly hold international shares and/or hedge funds. It may also invest in other permitted assets. |
| Withdrawal restriction | The Portfolio has a 21-day withdrawal notice period. |
| Further information | Further information is contained in the NZ Funds Advised Portfolio Service Product Disclosure Statement. |
Dividend and Growth Portfolio
Performance
Performance since inception (31 October 2008) to 31 October 2019
Dividend and Growth Portfolio
- Returns are stated after Portfolio fees and expenses, but before any advisory fees or investor tax. Past performance is not necessarily an indication of future returns.
- Cumulative returns.
Maximum Decline and Volatility
- Returns should be looked at in conjunction with the level of risk associated with an investment. 'Maximum decline' is a measure of risk. It represents the largest decline in value experienced during the last 12 months.
- This is the annualised standard deviation calculated from weekly returns of the Portfolio over the 5 years ending 30 September 2019. For more details on the Portfolio’s Maximum Decline and Volatility please contact NZ Funds.
Note: Rounding may affect some numbers.
Portfolios
Dividend and Growth Portfolio
Complete Portfolio as at 21 October 2019
1. The yield calculation represents an estimate of the yield on the Portfolio, calculated using the most recent information provided by the external investment managers involved in managing the Portfolio, hedged back to New Zealand dollars where appropriate. It is not calculated 'as at' any particular date as different external investment managers provide data at varying dates. As a result, in some instances the yields may lag the date of this Portfolio summary. The yield is not the actual return on the Portfolio, nor is it a projection or forecast. The Portfolio's return could be less than the Portfolio's yield. Details of the yield calculation are available on request from NZ Funds. 2. Total economic exposure represents the total economic value of a Portfolio, which is the net asset value of the Portfolio adjusted for the effect of direct derivative positions taken by the Portfolio and indirect derivative positions taken other than via a fund including hedge funds. For more details on economic exposure, see the Other Material Information document on the Offer Register at www.companiesoffice.govt.nz/disclose. Note: Rounding may affect any subtotals and totals.
Overview
| Objective | To grow your investment over the long term by investing in income and growth assets. |
| Investment category | Growth |
| Risk & volatility | Please see the NZ Funds Advised Portfolio Service Product Disclosure Statement or the latest Fund Update for information on risk. |
| Minimum suggested investment timeframe | 10 years + |
| Investment strategy summary | It is anticipated that the Portfolio will mainly hold Australasian shares. It may also invest in other permitted assets. |
| Withdrawal restriction | The Portfolio has a 21-day withdrawal notice period. |
| Further information | Further information is contained in the NZ Funds Advised Portfolio Service Product Disclosure Statement. |
