Mix

This is the actual mix of growth assets (shares, property) and income assets (bonds, cash) that this fund held on 31 December 2023. The average mix for balanced managed funds is in grey.

Mix

Fees

Fees shown here (in purple) are based on what you would pay over a year if you had $10,000 in this fund. Compare with the average fees for balanced managed funds (in grey).

Fees

Returns

Returns (in green) show how much this fund has grown in value in five years up to 31 December 2023 – after fees and taxes. Compare with the average balanced managed fund (in grey).

Returns

Key facts

Here is what the provider says about this managed fund

The Fund is designed to provide investors with exposure to a diversified range of global and domestic investments which make a positive environmental or social impact while aiming to exceed the return benchmark. All investments assessed against the United Nations Sustainable Development Goals (SDGs). The Fund invests approximately 60% invested in growth assets such as impact global and domestic public and private equities and approximately 40% into more defensive assets, predominantly impact and green bonds that meet our research criteria. The Manager will use active management to enhance returns and manage downside risks.

Provider website

harbourasset.co.nz

Minimum investment

$0

Fund start date

30 November 2021

When can you get your money out?

For this managed fund (i.e. not a KiwiSaver fund), see the section of the PDS on withdrawing funds and how this works. Also, look for information about how long it takes to actually get paid after requesting a withdrawal, whether regular withdrawals are possible, and how often.

Mix



This is a snapshot of the proportion of growth assets (shares, property, other) or income assets (cash, bonds) that this fund held on 31 December 2023.

You can also see the average for Balanced funds, which typically hold from 35% to 63% of growth assets.

This fund's asset mix

  • Growth assets
  • Income assets
  • ASSET TYPE
  • THIS FUND
  • AVERAGE OF ALL BALANCED MANAGED FUNDS

Breakdown on Shares assets
ACTUAL TARGET AVERAGE
Total 54.36% 46.52%
International shares 33.61% 30% 31.44%
Australasian shares 20.75% 30% 15.08%

About shares

Buying shares gives you part ownership in a company and can bring returns from your share of the profits (dividends) or from selling the shares for more than you paid. Shares are growth assets and are also known as equities or stock. Here's more on the basics of shares.

Breakdown on Property assets
ACTUAL TARGET AVERAGE
Total 0.00% 3.02%
Listed property 0.00% 10% 2.32%
Unlisted property 0.00% 0% 0.71%

About property

Property refers to commercial real estate (not the family home) owned through property trusts or companies that own or develop real estate as their business. Properties are growth assets and can be listed on an exchange or be unlisted.

Breakdown on Other assets
ACTUAL TARGET AVERAGE
Total 1.58% 1.68%
Commodities 0.00% 0% 0.15%
Other 1.58% 0% 1.54%
Unknown 0.00% 0% 0.00%

What "other" means

This category can include alternative investments such as derivatives, often through a hedge fund. These "other" investments are typically considered growth assets, or high-risk investments.

Breakdown on Bonds assets
ACTUAL TARGET AVERAGE
Total 42.19% 37.65%
New Zealand bonds 40.91% 25% 16.56%
International bonds 1.28% 0% 21.09%

About bonds

A bond is a bit like a term deposit at a bank, but it's effectively a loan you make to a company or government which they promise to pay back in full on a specific date. Until then, you receive regular interest at a fixed or agreed rate. Bonds are income assets and can also be called "fixed interest" or "debt securities". Since they can typically be traded on a secondary market, their value can go up and down. Here's more on the basics of bonds

Breakdown on Cash assets
ACTUAL TARGET AVERAGE
Total 1.87% 11.13%
Cash and equivalents 1.87% 5% 11.13%

About cash

Cash is a kind of investment that generally pays you interest. (An exception to this are shariah-compliant funds, which can hold cash but are prohibted from earning interest.) Cash typically includes term deposits, floating-rate notes and money market accounts. Cash, which is often a loan to a bank, is considered an income asset. Here's more on investing in term deposits.

Top 10 investments

These assets make up 56.54% of this fund.

Asset Asset class Type Country % of Fund
MIROVA GLOBAL SUSTAINABLE EQUITY FUND Shares International equities US 22.15%
T.ROWE PRICE GLOBAL IMPACT EQUITY FUND Shares International equities US 11.46%
SPARK FINANCE LIMITED 29/09/2028 4.37% Bonds New Zealand fixed interest NZ 3.56%
CSL Shares Australasian equities AU 3.55%
CONTACT ENERGY LIMITED Shares Australasian equities NZ 3.07%
MACQUARIE GROUP LIMITED Shares Australasian equities AU 2.96%
IDP EDUCATION LIMITED Shares Australasian equities AU 2.65%
GMT BOND ISSUER LTD 14/04/2027 4.74% Bonds New Zealand fixed interest NZ 2.52%
INTERNATIONAL BANK RECON & DEV 30/11/2026 2.875% Bonds New Zealand fixed interest NZ 2.41%
PRECINCT PROPERTY NZ LTD 09/05/28 5.25% Bonds New Zealand fixed interest NZ 2.21%

Full list of investments this fund holds

csv, 3 KB

Fees



Fees shown here (in purple) are based on what you would pay over a year if you had $10,000 in this fund. You can compare these with fees for the average balanced managed fund (in grey).

Fees breakdown

Here's a breakdown of the different charges in this fund (in purple), compared to the average balanced managed fund (in grey).

Fee Type % Over a Year Amount Paid on a 10K Balance

Management

This fee is charged to you by the fund manager on the fund or an underlying fund, and is based on a percentage of your balance.

0.90%
AVG: 0.98%
$90.00
AVG: $98.00

Other

This is a summary of other potential costs not covered in the categories displayed.

0.43%
AVG: 0.13%
$43.00
AVG: $13.42

Performance-based

These fees are based on the performance of the fund or underlying fund. When the fund performs well, these will be higher.

None
AVG: 0.00%
$0.00
AVG: $0.29

Membership

You pay this membership charge (a flat fee) each year, regardless of your balance or the fund's performance.

0.00%
AVG: 0.03%
$0.00
AVG: $3.30

Total combined fees

These are a total of management and administration charges and performance-based fees over a year. They do not necessarily include fees for activities like transferring or withdrawing.

1.33%
AVG: 1.15%
$133.00
AVG: $115.01

Returns


For the past five years, this fund returned this average each year to investors (in green). This was after fees and taxes (28% PIR) were taken out. To compare, you can see the average return over the same time for all balanced managed funds (in grey).

Yearly returns

These annual returns (in green) were for the 12 months up to 31 March 2023. You can compare them to the average balanced managed fund (in grey).

Risks

Specific risks for this fund

Chasing higher returns while investing always increases risks. Several kinds of risks, actually. It is important to evaluate whether the returns are worth it, whether you can cope, and whether this investment will in fact help you achieve your goals. Also, since the way an investment is structured can make it riskier, it's important to understand how it works.

You'll find the specific risks in the Risk section of the PDS, and here's more about understanding risk.

pdf, 1.6 MB

Risk indicator

This is a gauge of how volatile this investment has been – how much it has gone up and down in value. It has been calculated based on the fund's five-year performance (or an appropriate market index if it has not been around that long).

The left side of this range of numbers indicates a Lower risk

The right side of this range of numbers indicates a Higher risk

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7

The left side of this range of numbers indicates Potentially
lower returns

The right side of this range numbers indicates Potentially
higher returns

Key documents

These are the most important documents that a provider is required to file about this investment.

Product disclosure statement

Fund update (most recent)

This update from the provider lets you see much of the same information shown here in Smart Investor: how this fund is performing, what it costs and the investments it currently holds.

pdf, 332 KB

Complete asset portfolio

Additional disclosure documents

These are more documents from the provider that can contain interesting information.

pdf, 1012 KB
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pdf, 6.8 MB
pdf, 5.6 MB
pdf, 284 KB
pdf, 408 KB
pdf, 986 KB
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pdf, 903 KB
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pdf, 899 KB
pdf, 482 KB
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pdf, 1 MB
pdf, 423 KB

Statement of investment policy and objectives (SIPO)

A SIPO tells you where the fund managers are coming from. It sets out the governance and management framework, philosophy, strategies and objectives for this investment.

pdf, 989 KB

Key personnel

These are the directors and employees who have the most influence on investment decisions for this fund.

Name Current position Time in role
CHRIS DI LEVA Director, Portfolio Manager 5 years, 3 months
SIMON PANNETT Director, Senior Credit Analyst 10 years, 5 months

Additional details

Manager details

Name

HARBOUR ASSET MANAGEMENT LIMITED

Type

NZ Limited Company

NZBN

Supervisor

Name

THE NEW ZEALAND GUARDIAN TRUST COMPANY LIMITED

Fund details

Asset liquidity ratio

98.42%

Total value of fund

$6,966,374.50

Continuous issue

Yes

Default KiwiSaver

No

Lifecycle option

No

Multi-fund option

No

Schedule 1 exemption

No

FMA exemption

No

Number of members

12

Reference numbers

Fund

FND36270: HARBOUR SUSTAINABLE IMPACT FUND

Offer

OFR10909: HARBOUR INVESTMENT FUNDS

Scheme

SCH10815: HARBOUR INVESTMENT FUNDS

Next steps

Want to know more about this investment or how it compares to others? Have a look at its peers.

This is a

balanced managed fund

Fund update (most recent)

These are provided to members of the fund (usually once each quarter) to update them on its performance.

Getting investment advice

Good advice is gold. Everyone can benefit from expert advice, provided the adviser has your interests at heart. Here's how to find one and key questions to ask. 

Interested in investing in this offer? Visit the provider's website. harbourasset.co.nz