New Zealand Fixed Interest Fund
Overview
Invests in New Zealand fixed interest assets. Aims to achieve long-term returns (before fees, taxes and other expenses) greater than the Bloomberg NZBond Composite 0+ Yr Index. These investments typically have low to moderate levels of movement up and down in value.
Unit Price
2.1496 NZD
Month End Unit Price
2.1255 NZD
The unit prices shown do not take into account any adjustment for any accrued PIE tax that individual investors may need to pay on withdrawal. Buy/sell spreads may apply when transacting - there are currently none.
Manager's Comment
Major Investments
| Company name | % of fund |
|---|---|
| New Zealand Government 1.5% 15/05/2031 | 6.96% |
| New Zealand Government 14/04/2033 3.5% | 5.96% |
| New Zealand Government 4.25% 15/05/2036 | 5.90% |
| New Zealand Government 4.5% 15/05/2035 | 5.29% |
| NZ Government 4.25% 15/05/2034 Green Bond | 4.83% |
| New Zealand Government 15/05/2032 2.00% | 4.33% |
| SkyCity Entertainment Group Ltd 21/05/2027 3.02% | 3.66% |
| New Zealand Government 4.50% 15/05/2030 | 3.51% |
| New Zealand Government 1.75% 15/05/2041 | 3.49% |
| New Zealand Government 3% 20/04/2029 | 3.47% |
| Major holdings as % of total portfolio | 47.40% |
Monthly Performance
Quarterly Performance
Performance over time
Return Comparison
| 1 Month | 3 Months | 1 Year | *3 Years | Since commenced operation | |
|---|---|---|---|---|---|
| Net Fund Return | 1 Month -1.12% | 3 Months -2.18% | 1 Year -0.29% | *3 Years 5.43% | Since commenced operation 4.23% |
| Gross Fund Return | 1 Month -1.06% | 3 Months -2.03% | 1 Year 0.43% | *3 Years 6.22% | Since commenced operation 5.06% |
| Bloomberg NZBond Composite 0+Yr Index | 1 Month -1.02% | 3 Months -2.02% | 1 Year 0.11% | *3 Years 5.67% | Since commenced operation 4.24/a |
*Annualised
Net Fund Returns are calculated before deduction of taxes but after deduction of fund charges and trading expenses and including imputation credits where available. Prior to October 2022 Net Fund Returns were 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 deduction of taxes and fund charges but after deduction of trading expenses and including imputation credits where applicable. Market index returns do not have any deductions for fund charges, trading expenses or tax.
The S&P/NZX Investment Grade Corporate Bond Index (“Index”) is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Forsyth Barr Limited. Copyright © 2015 S&P Dow Jones Indices LLC, a subsidiary of McGraw Hill Financial Inc., and/or its affiliates. All rights reserved. Redistribution, reproduction and/or photocopying in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit www.spdji.com. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.
Fund Update
As at 30 September 2026
This document tells you how the New Zealand Fixed Interest Fund has performed and what fees were charged. The document will help you to compare the fund with other funds. (Please note that this fund was previously known as the Forsyth Barr New Zealand Fixed Interest Fund, and that Fund Updates may refer to the fund by that name.)
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. The risk indicator is based on the returns data for the five years to 30 June 2026. See more information about the risks of investing in the Product Disclosure Statement.
Target investment mix
| Cash and cash equivalents | 5.00% |
| New Zealand fixed interest | 95.00% |
| International fixed interest | 0.00% |
| Australasian equities | 0.00% |
| International equities | 0.00% |
| Listed property | 0.00% |
Things to note
- Manager: Salt Investment Funds Limited
- Investment manager: Octagon Asset Management Limited
- Date the fund started: 26 June 2008
- Tax status: Portfolio Investment Fund (PIE)
- Minimum suggested investment time frame: At least three years
- Benchmark: Bloomberg NZBond Composite 0+ Yr Index.
- Currency: New Zealand dollars
View the Product Disclosure Statement for detailed information about this Fund and Octagon Investment Funds Scheme.
Fees
- Annual fund charges are currently 0.75% p.a. of the value of your investment. We pay management and administration charges along with the Supervisor fee out of this. All fees and charges are quoted exclusive of GST.
Important resources
Other material information
Other material information PDF (742 KB)
Annual report and financial statement
PIE information
Guide To PIE
PIR Flow Diagram
Advantages Of PIE
Governing documents
Statement Of Investment Policy And Objectives PDF (845 KB)
Deed of Amendment and Restatement of Master Unit Trust Deed PDF (1023 KB)
Deed of Amendment and Restatement Establishment Deed PDF (606 KB)
Product disclosure statement
Product Disclosure Statement PDF (2.1 MB)
How to invest in Octagon funds
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