How the Fund works
The New Zealand Short Duration Fund aims to provide a consistently good income using a combination of interest rate and investment grade credit strategies. It targets a shorter average duration (and maturity) than traditional fixed income funds, and its risk/return profile should place it between a cash portfolio and a standard fixed income portfolio.
Longevity category award winner
The AMP Capital NZ Short Duration Fund was the winner of the Longevity category at the 2018 FundSource Awards. The annual awards recognise excellence in the industry and across sectors, as well as the top performing fund managers in New Zealand. This award is recognition of the strong long-term performance of the Fund, and the success of its investment team and strategy.
Awards are announced by FundSource, the investment strategy and research company. These awards should not be read as a recommendation by FundSource. For further advice on the relevance of this award to your personal situation consult your authorised financial adviser, or visit www.fundsource.co.nz.
How does the Fund meet your needs?
The goal of the fund is to generate a return for you by investing in a variety of fixed interest securities that produce an attractive and consistent income stream.
The combination of the short duration benchmark and the use of fixed interest risk management tools mean the fund’s capital value is not as sensitive to changes in market interest rates as traditional longer term fixed income portfolios. This means the performance of the fund will be less volatile as interest rates change.
The fund specifically targets credit risk and interest rate risk as a source of return. By investing in different fixed interest strategies, you are able to spread portfolio risk and improve your return.
Fund facts as at 31 December 2018
|Type of Fund||Managed fund. This fund is a Portfolio Investment Entity (PIE)|
|Performance objective||The objective of the NZ Short Duration Fund is to provide a Gross Return above the return of the Bloomberg NZBond Swaps 1-3 Year Index on a rolling three year basis|
|Investment approach||The NZ Short Duration Fund aims to give investors exposure to fixed interest securities, including corporate bank, local authority and SOE bonds, mortgage and asset-backed securities, infrastructure debt, government bonds, credit default swaps, interest rate swaps, cash and cash-like securities.|
|Net fund size||$595.8 million|
|Establishment date||29 June 2007|
|Minimum suggested timeframe||Medium term (minimum two years)|
|Distribution frequency||Six monthly (March and September)|
|Benchmark||Bloomberg NZBond Swaps 1–3 Yr Index|
|Platform access||Direct with AMP Capital, Aegis, FNZ.|
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Important note: The unit prices displayed in this section are indicative only
Unit prices are provided for your information only and are not guaranteed. They are based on historical data and you should not rely on the above information as the basis for making any investment, financial or other decision as past unit prices are not a reliable indicator of future unit prices. During the time it takes to process an application or redemption application, the unit price may vary and the actual unit prices applying to applications and redemptions may differ from those displayed in this section. For more information on how AMP Capital can help you, please speak to your Financial Adviser or call us on 0800 400 499.
Important notes: Past Performance
Past performance is not a reliable indicator of future performance.
Our fund performance figures are shown before tax, before fees and assume that income is reinvested. Neither AMP Capital Investors (New Zealand) Limited nor any other company in the AMP Group guarantees the repayment of capital or the performance of any product or any particular rate of return. Past performance is not a reliable indicator of future performance. Every effort has been made to ensure the accuracy of this information, however, AMP Capital (New Zealand) Limited nor any other company in the AMP Group gives any warranty of reliability, or accuracy, nor accepts any responsibility arising in any way from errors or omissions.
Product Disclosure Statements (PDSs) for the offer of the AMP Capital Investment Funds have been lodged with the Registrar of Financial Service Providers. The Cash and Fixed Interest Funds PDS can be obtained from our website and from the Disclose website www.business.govt.nz/disclose. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations. You can seek advice from a financial advisor to help you make an investment decision. The Manager and the Issuer of the Fund is AMP Investment Management (NZ) Limited, Meridian Building, Level 1, Queens Wharf, Wellington.