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Forsyth Barr Balanced Fund

The fund was established on 11 December 2020, however applications were accepted from 18 December 2020.

The fund aims to achieve positive long-term returns by choosing exposure across asset classes. Investors can expect moderate to high levels of movement up and down in value and to receive longer term returns that are lower than those of the Growth Fund.


Unit Price

AS AT 15 Apr 2021

1.0206 NZD

The unit prices shown do not take into account any adjustment for PIE tax.
Buy/sell spreads may apply when transacting. There are currently none.

Month End Unit Price

As at 28 Feb 2021

0.9868 NZD

Managers comment

Foreign currency exposures associated with international fixed interest are hedged to the New Zealand dollar. We actively manage the fund’s currency exposures associated with international and Australian equites, and listed property. As at 28 February 2021, these exposures represented 37.73% of the value of the fund. After allowing for foreign currency hedges in place, approximately 26.44% of the value of the fund was unhedged and exposed to foreign currency risk.

The next Manager’s commentary will be included in the March Performance Summary (available April 2021).

 

Major Investments

As at 28 Feb 2021

Company name Volume
ANZ transactional bank account 19.03%
Fisher & Paykel Healthcare Corporation Limited 1.62%
Amazon.com, Inc. 1.34%
Visa Inc.- Class A Shares 1.26%
Housing New Zealand 3.36% 12/06/2025 1.22%
New Zealand Local Government Funding Agency Ltd 14/04/2033 3.50% 1.15%
The a2 Milk Company Limited 1.14%
CSL Limited 1.14%
BHP Group Limited 1.10%
Spark New Zealand Limited 1.08%
Total portfolio holdings 1863

Performance over time

Return Comparison

As at 28 Feb 2021

1 Month 3 Months 1 Year 3 Years Since commenced operation
Net Fund Return 1 Month -1.24% 3 Months N/A 1 Year N/A 3 Years N/A Since commenced operation -1.27%
Gross Fund Return 1 Month -1.19% 3 Months N/A 1 Year N/A 3 Years N/A Since commenced operation -1.13%
Composite Index 1 Month -1.32% 3 Months N/A 1 Year N/A 3 Years N/A Since commenced operation -0.80%

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 the deduction of taxes and fund charges but after the deductions of trading expenses and including imputation credits and foreign tax credits where available.

Fund update

As at 31 December 2020

This document tells you how the Forsyth Barr Balanced 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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LOWER RISK
HIGHER RISK

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. This fund came into existence on 11 December 2020. We’ve calculated the risk indicator using market index returns data for periods before that date, and actual fund returns data afterwards. Using market index returns data may make the risk indicator a less reliable indicator of how much fund values might go up and down in future. See more information about the risks of investing in the Product Disclosure Statement.

Tactical asset allocation mix (as at 28 February 2021)

Cash and cash equivalents 6.00%
New Zealand fixed interest 21.00%
International fixed interest 10.00%
Australasian equities 33.00%
International equities 25.00%
Listed property 5.00%

Things to note

  • Manager: Forsyth Barr Investment Management Limited
  • Date the fund started: 11 December 2020
  • Tax status: Portfolio Investment Fund (PIE)
  • Minimum suggested investment time frame: At least five years
  • Benchmark: None
  • Currency: New Zealand dollars
  • View the Product Disclosure Statement for detailed information about this Fund and Forsyth Barr Investment Funds Scheme.

Fees

Annual fund charges are currently 1.25% p.a. of the value of your investment. This means that we pay management and administration charges along with the Supervisor fee out of this. All fees and charges are quoted exclusive of GST.

Trail commission may be paid to a Financial Adviser responsible for your Investment Funds account. Any trail fee is paid by Forsyth Barr Limited and is not a separate charge on your Investment Funds account.

Trail commission may be paid to an adviser responsible for your Investment Funds account. Any trail fee is paid by Forsyth Barr Limited and is not a separate charge on your Investment Funds account. 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 Investment Adviser. 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 Forsyth Barr Balanced Fund, speak to one of our expert Investment Advisers. They will help you determine the role an Investment Fund can play in helping you achieve your goals.