Summer New Zealand Cash
Summer New Zealand Cash fund performance summary as at 31 July 2019.
Fund at a glance
Unit price (as at 31 July 2019): $1.0399
Date the fund started: 19 September 2016
For information on fees, see our Fees page.
For more information on the Summer New Zealand Cash fund read the latest quarterly fund update or the product disclosure statement.
Fund objective and strategy
See the New Zealand Cash page for the Summary of investment objective and strategy.
Fund returns
| Annualised total since inception | 1 Month | 3 Months | 1 Year | |
|---|---|---|---|---|
| Fund | 1.00% | 0.09% | 0.26% | 0.97% |
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%).
Top 10 Investments
| Asset name | % of fund net assets | |
| 1 | Port of Tauranga Commercial Paper 16/08/2019 | 23.14% |
| 2 | Meridian Energy Commercial Paper 29/10/2019 | 23.05% |
| 3 | Transpower New Zealand Ltd Bonds 06/09/2019 4.65% | 21.29% |
| 4 | Z Energy Ltd 15/11/2019 6.50% | 11.87% |
| 5 | ANZ transactional bank account | 10.70% |
| 6 | Wellington International Airport Limited 06/11/2020 5.27% | 9.95% |
| 7 | ||
| 8 | ||
| 9 | ||
| 10 | ||
| Total value of top 10 assets | 100.00% |
Manager's comments
The next Manager’s commentary will be included in the September Performance Summary (available October 2019).
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.
