Fact SheetFact Sheet

Fund Overview

The fund invests in cash and fixed interest investments, and undertakes a leveraged trading strategy based on writing options over global government bonds.

Objective

To construct a portfolio of authorised investments that outpeform the Fund's benchmark return over a rolling three year period before fees.

Benchmark

Bloomberg NZBond Bank Bill Index plus 4.0% per annum

Hedging Policy

Any foreign currency exposures are hedged to NZD within an operational range of 98.5% to 101.5%