Philosophy

The Fund is managed by the Nikko AM NZ fixed income team. It is designed to provide regular income from an actively managed investment portfolio while protecting the capital value of investors’ funds by investing primarily in the Nikko AM NZ Corporate Bond Fund and the Nikko AM Wholesale Option Fund.

Objective

To provide investors with regular income from an actively managed investment portfolio while protecting the capital value by constructing a portfolio of permitted investments that in aggregate target a return of 6.50% p.a. over a rolling three year period before fees, expenses and taxes.

Benchmark

Composite of:

  • Bloomberg NZBond Govt 0+ Yr Index: 70%
  • Bloomberg NZBond Bank Bill Index plus 4.0% per annum: 30%

Distributions

March, June, September, December