Morningstar Portfolios

Morningstar

15% Growth
85% Income

Suitable for investors with an investment time horizon of at least three years before seeking to spend large amounts of their portfolio. This portfolio has an emphasis on capital preservation and should suit investors able to accept a small amount of volatility.

Portfolio Performance

Period ending 31 March 2022
1 year 3 years 5 years Since inception
- - - -2.33%

This is a newly launched portfolio which has not yet established a performance history to be shown.

Portfolio performance disclaimer

 

Investment Objective

The investment objective of the portfolio is to outperform the benchmark defined below. Performance is evaluated on a gross basis (before tax, fees and other expenses have been taken into account) over the period of the minimum time horizon for which the portfolio is stated as being suitable.

 

Portfolio Holdings as at 1 October 2021

Asset  Country of origin Asset type Allocation
Milford Trans-Tasman Equity Fund New Zealand Australasian equities 4.0%  
First Sentier Global Listed Infrastructure Fund New Zealand International equities 3.0%  
Nikko AM Global Shares Hedged Fund
(NZD hedged)
New Zealand International equities 3.0%  
OneAnswer International Share Fund New Zealand International equities 5.0%  
Harbour NZ Core Fixed Interest Fund New Zealand New Zealand fixed interest 14.0%  
AMP Capital NZ Fixed Interest Fund New Zealand New Zealand fixed interest 17.0%  
Bentham Global Income Fund
(NZD hedged)
Australia International fixed interest 7.0%  
Hunter Global Fixed Interest Fund New Zealand International fixed interest 12.0%  
Colchester Global Government Bond PIE Fund Australia International fixed interest 7.0%  
Nikko AM NZ Cash Fund New Zealand & Australia Cash and cash equivalents 26.0%  
Cash* New Zealand & Australia Cash and cash equivalents 2.0%  
Total     100%  

Note
*Cash is in an on call facility held by ANZ Bank New Zealand Ltd. ANZ Bank has a Standard & Poor's short term rating of A-1+. This indicates that ANZ Bank’s capacity to meet its financial commitment on these obligations is extremely strong.

 

Benchmark

As at 1 October 2021, the benchmark will be a composite of the Morningstar New Zealand Conservative Target Allocation NR NZD index (75%) and the Morningstar New Zealand Moderate Target Allocation NR NZD index (25%) when measuring the performance of this portfolio. Further information on the benchmark indices used for this portfolio can be found at: https://indexes.morningstar.com/our-indexes/multi-asset/F0000174LG and
https://indexes.morningstar.com/our-indexes/4/F0000174LI

Note
This benchmark is subject to change without notice if a more appropriate benchmark becomes available.

 

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