Summer Balanced Selection^ fund performance summary as at 30 April 2019.
Unit price (as at 30 April 2019): $1.2249
Date the fund started: 19 September 2016
For information on fees, see our Fees page.
See the Summer Balanced Selection page for the Summary of investment objective and strategy.
|Annualised total since inception||1 Month||3 Months||1 Year|
Fund returns are calculated net of fund charges, trading expenses and accrued tax for a New Zealand resident individual paying tax at the highest Prescribed Investor Rate (28%).
|Summer Balanced Selection||Allocated %|
|New Zealand cash||12.0%|
|New Zealand fixed interest||33.0%|
|Total income assets||45.0%|
|New Zealand equities||12.5%|
|Total growth assets||55.0%|
We have chosen the above tactical asset allocation for Summer Balanced Selection as at 15 March 2019. This can move in line with market movements and we review the portfolio and adjust asset allocation accordingly. For the current tactical asset allocation and date of most recent review, please go to the Summer Balanced Selection page.
|Asset name||% of fund net assets|
|1||ANZ Cash Deposit||5.43%|
|2||Westpac Cash Deposit||2.44%|
|3||Transpower New Zealand Ltd Bonds 06/09/2019 4.65%||2.04%|
|4||New Zealand Local Government Funding Agency Ltd 15/04/2025 2.75%||2.00%|
|5||Contact Energy Limited 15/05/2019 5.8%||1.89%|
|6||Kiwi Property Group Limited||1.74%|
|7||New Zealand Local Government Funding Agency Ltd 15/04/2027 4.50%||1.47%|
|8||Port of Tauranga Commercial Paper 17/06/2019||1.39%|
|9||Precinct Properties New Zealand Limited||1.29%|
|10||BHP Group Limited||1.28%|
The top 10 investments make up 20.97% of the fund.
We actively manage the fund’s foreign currency exposures. As at 30 April 2019, the fund’s foreign currency exposures represented 34.11% of the value of the fund. After allowing for foreign currency hedges in place, approximately 30.67% of the value of the fund was unhedged and exposed to foreign currency risk.
The next Manager’s commentary will be included in the June Performance Summary (available July 2019).
^On the 8 April 2019 the Summer Investment Selection was renamed the Summer Balanced Selection.
This is not a recommendation to buy or sell any financial product and does not take your personal circumstances into account. All opinions reflect our judgement on the date of communication and may change without notice. Past performance is not a reliable guide to future performance. We recommend you take financial advice before making investment decisions. We have prepared this web page in good faith based on information obtained from other sources, but we do not guarantee the accuracy of that information. We do not make any representation or warranty (express or implied) that this web page 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 web page.