Russell Investments NZ Fixed Interest Fund

Russell Investments NZ Fixed Interest Fund

PIE Fund

  • 18-NZ-Fixed-Int

The Russell Investments NZ Fixed Interest Fund is a PIE Fund and actively managed portfolio of what we consider to be quality New Zealand fixed interest investments designed for investors who wish to invest in a broadly diversified portfolio of fixed interest securities. Click here to download the  Fund Fact Sheet.

  • Diversified, actively managed portfolio of New Zealand fixed interest securities.
  • Access to specialist investment expertise and skills.
  • Access to the tax benefits associated with the Portfolio Investment Entity tax regime.
  • The Fund is a Foreign Investment Variable Rate PIE Fund. This provides non-resident investors with access to New Zealand investment opportunities as well as investors seeking exposure to NZ investments under the Migrant Investment categories.
  • Distributions may be paid in accordance with the distribution policy contained in the investment statement.
  • The assets of each Russell Investment Fund are held and administered by the Public Trust in a custodial nominee account (Public Trust RIF Nominees Limited) providing investors with the peace of mind in knowing their assets are held in independent, professional custody.
Investment Manager Russell Investments
Investment Policy and Objectives Provides exposure to a diversified portfolio of predominantly investment grade New Zealand dollar denominated fixed interest securities.
Objective: to provide a total return, before costs and tax, higher than a composite comprising 75% of the S&P/NZX NZ Government Stock Index and 25% of the S&P/NZX A Grade Corporate Bond Index over the long term (3 years plus).
Investment Strategy The underlying investment exposure is typically comprised of government fixed income securities, bank bills and cash equivalents, and securities issued by local authorities, semi-government organisations, and corporations, as well as to mortgage-backed and asset backed securities. The underlying investment portfolio may from time to time be exposed to low grade or unrated debt securities to a limited extent, and derivatives. The Fund also has the ability to invest in the Australian fixed income market either through Australian dollar denominated debt securities or derivative instruments.
Delegated Sub-Investment Manager(s)* The Russell Investments NZ Fixed Interest Fund invests in a broadly diversified portfolio of fixed interest securities managed by specialist managers selected on the advice of Russell Investments.The current specialist manager* is Harbour Asset Management Limited
Benchmark Composite - 75% S&P/NZX NZ Government Stock Index and 25% S&P/NZX A Grade Corporate Bond Index
Minimum Investment Timeframe 3+ years

* We and Russell Investments are responsible for selecting appropriate funds and/or appointing sub-investment managers and strategies, and these may change without notice. Details of the current underlying specialist managers can be obtained by contacting us.

Click here to download the Product Disclosure Statement

Click here to download Fund Fact Sheet

Click here to download Fund Update