World Bond Portfolio

 

Fund Manager

Funds Administration New Zealand Limited (FANZ)

 

Portfolio Objectives

The Portfolio's investment objective is to earn a gross return in excess of the Barclays Capital Global Aggregate Index — NZ$ Hedged (as to 75% of the Portfolio) and the Barclays World Government Inflation Linked Bond Index — NZ$ Hedged (as to 25% of the Portfolio) measured over a rolling three year period.

 

Investment Description

The Lifestages World Bond Portfolio invests primarily in a diversified portfolio of international investment grade income securities. It invests in a portfolio of bonds aimed at generating a higher rate of return, with a portion held in cash for liquidity.


The Lifestages World Bond Portfolio provides exposure to:

Cash 2.5 - 10%
Global Bonds 62.5 - 97.5%
Inflation Linked Bonds 0 - 35%

 

The Portfolio's cash investments are primarily made by way of direct investments in unsecured deposits (including redeemable shares) with SBS Bank. Cash investments may be made with other registered banks or financial institutions in some circumstances, including pending investment into other asset. The Portfolio's bond investments are made by investments in underlying funds. The underlying fund managers accessed are Russell Investment Management and PIMCO.

The Portfolio's investment guidelines contain further detail regarding the type of investments that can be made. Please contact us if you would like additional information.

The Portfolio's foreign currency exposure is 100% hedged to the New Zealand dollar.

 

Benchmark Asset Allocation

 

Loading
graphs
Benchmark Asset Allocation
 95% World Bonds5% Cash
Pie Data

95

5

 

Distributions

It is the Manager’s current policy not to pay distributions but instead have any income reflected in the unit price. This policy may change from time to time.

 

Taxation Policy

Currently taxed as a Portfolio Investment Entity.

 

Other Details

Annual management fee 0.85% plus GST of 0.1275% p.a. of gross asset value. Trustee fee of up to 0.10% plus GST of 0.01125% p.a. of gross asset value; No entry fees; No exit fees; Minimum investment $500; Minimum regular contributions $100 per month.

 

Current Managers

Cash: SBS
Global bonds: Russell Investment Management and PIMCO

 

Disclaimer
This information is intended as introductory information and should be read in conjunction with the Product Disclosure Statement for the Lifestages Investment Funds which can be obtained by contacting the manager on 0800 502 442. This information is of general nature only and has not been prepared with regard to the needs of any investor. Investors should be aware that future performance may not reflect results and the performance of the fund, repayment of any capital or any particular rate of return are not guaranteed. Details are current as at the date of preparation (1 October 2012) and are subject to change.