Summer Global Fixed Interest fund performance summary as at 30 November 2020.
Unit price (as at 30 November 2020): $1.1310
Date the fund started: 19 September 2016
For information on fees, see our Fees page.
See the Global Fixed Interest page for the Summary of investment objective and strategy.
|Annualised total since inception||1 Month||3 Month||1 Year||3 Years^|
Fund returns are calculated net of fund charges, trading expenses and accrued tax for a New Zealand resident individual paying tax at the Prescribed Investor Rate identified above.
|Asset name||% of fund net assets|
|1||ANZ transactional bank account||6.80%|
|2||United States Treasury Bills 0% 03/12/2020||2.87%|
|3||QNB Finance Limited 1.9001% 12/02/2022 FRN||1.41%|
|4||China Development Bank 4.04% 10/04/2027||1.30%|
|5||Kingdom of Spain (Government) 1.25% 31/10/2030||1.15%|
|6||Government of Japan 1.20% 20/09/2035||1.15%|
|7||New Zealand Local Government Funding Agency Ltd 14/04/2033 3.50%||1.11%|
|8||Housing New Zealand 3.36% 12/06/2025||0.99%|
|9||China Development Bank 4.24% 24/08/2027||0.93%|
|10||United States Treasury Inflate Prot BD||0.86%|
The top 10 investments make up 18.57% of the fund.
Foreign currency exposures associated with international fixed interest are hedged to the New Zealand dollar. As at 30 November 2020, these exposures represented 78.79% of the value of the fund and were hedged.
The next Manager’s commentary will be included in the December Performance Summary (available January 2021).
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.