Strategies Overview
Strategies Overview
ROPS GBP Income Strategy
Performance
Performance since inception (11 August 2017) to 28 February 2019
NZ Funds Managed Superannuation Service GBP ROPS Income Strategy
- Returns are stated after Strategy fees and expenses, but before any advisory fees or investor tax. Past performance is not necessarily an indication of future returns.
Maximum Decline and Risk
- Returns should be looked at in conjunction with the level of risk associated with an investment. "Maximum decline" is a measure of risk. It represents the largest decline in value experienced during the last 12 months.
- This is the annualised standard deviation calculated using weekly returns of the Strategy and market index data over the 5 years ending 31 December 2018. Market index data is used for calculating the volatility prior to the inception date. For more details on the market index data, see the SIPO for the NZ Funds Managed Superannuation Service. For more details on the Strategy’s Maximum Decline and Volatility please contact NZ Funds.
Note: Rounding may affect some numbers.
Portfolios
NZ Funds Managed Superannuation Service GBP ROPS Income Strategy
Complete Strategy as at 20 February 2019
1. The yield calculation represents an estimate of the yield on the Strategy, calculated using the most recent information provided by the external investment managers involved in managing the Strategy, hedged back to New Zealand dollars where appropriate. It is not calculated ‘as at’ any particular date as different external investment managers provide data at varying dates. As a result, in some instances the yields may lag the date of this Strategy summary. The yield is not the actual return on the Strategy, nor is it a projection or forecast. The Strategy’s return could be less than the Strategy’s yield. Details of the yield calculation are available on request from NZ Funds. 2. Total economic exposure represents the total economic value of a Strategy, which is the net asset value of the Strategy adjusted for the effect of direct derivative positions taken by the Strategy and indirect derivative positions taken other than via a fund including hedge funds. For more details of the total economic exposure calculations, see the Other Material Information document on the Offer Register at www.companiesoffice.govt.nz/disclose. Note: Rounding may affect any subtotals and totals.
Overview
| Objective | To provide an exposure to income assets and to the UK currency using an active management approach. |
| Risk & volatility | Please see the NZ Funds Managed Superannuation Service Product Disclosure Statement (PDS) or the latest Fund Update for information on risk. |
| Minimum suggested investment timeframe | 2 years + |
| Investment strategy summary | It is anticipated that the Strategy will mainly hold cash and cash equivalents, and Australasian and international bonds. It may also invest in other permitted assets. The Strategy will have a UK currency overlay. |
| Further information | The NZ Funds Managed Superannuation Service, which incorporates the ROPS GBP Income Strategy, is issued by New Zealand Funds Management Limited. Further information is contained in the NZ Funds Managed Superannuation Service Product Disclosure Statement |
Income Strategy
Performance
Performance since inception (25 January 2017) to 28 February 2019
NZ Funds Managed Superannuation Service Income Strategy
- Returns are stated after Strategy fees and expenses, but before any advisory fees or investor tax. Past performance is not necessarily an indication of future returns.
Maximum Decline and Risk
- Returns should be looked at in conjunction with the level of risk associated with an investment. "Maximum decline" is a measure of risk. It represents the largest decline in value experienced during the last 12 months.
- This is the annualised standard deviation calculated using weekly returns of the Strategy and market index data over the 5 years ending 31 December 2018. Market index data is used for calculating the volatility prior to the inception date. For more details on the market index data, see the SIPO for the NZ Funds Managed Superannuation Service. For more details on the Strategy’s Maximum Decline and Volatility please contact NZ Funds.
Note: Rounding may affect some numbers.
Portfolios
NZ Funds Managed Superannuation Service Income Strategy
Complete Strategy as at 20 February 2019
1. The yield calculation represents an estimate of the yield on the Strategy, calculated using the most recent information provided by the external investment managers involved in managing the Strategy, hedged back to New Zealand dollars where appropriate. It is not calculated ‘as at’ any particular date as different external investment managers provide data at varying dates. As a result, in some instances the yields may lag the date of this Strategy summary. The yield is not the actual return on the Strategy, nor is it a projection or forecast. The Strategy’s return could be less than the Strategy’s yield. Details of the yield calculation are available on request from NZ Funds. 2. Total economic exposure represents the total economic value of a Strategy, which is the net asset value of the Strategy adjusted for the effect of direct derivative positions taken by the Strategy and indirect derivative positions taken other than via a fund including hedge funds. For more details of the total economic exposure calculations, see the Other Material Information document on the Offer Register at www.companiesoffice.govt.nz/disclose. Note: Rounding may affect any subtotals and totals.
Overview
| Objective | To provide exposure to income assets using an active management approach. |
| Risk & volatility | Please see the NZ Funds Managed Superannuation Service Product Disclosure Statement (PDS) or the latest Fund Update for information on risk. |
| LifeCycle allocation | The LifeCycle Process allocates 5% of a member’s funds to this Strategy until the member reaches age 58, from when their allocation will gradually increase. |
| Minimum suggested investment timeframe | 2 years + |
| Investment strategy summary | It is anticipated that the Strategy will mainly hold cash and cash equivalents, and Australasian and international bonds. It may also invest in other permitted assets. |
| Further information | The NZ Funds Managed Superannuation Service, which incorporates the Income Strategy, is issued by New Zealand Funds Management Limited. Further information is contained in the NZ Funds Managed Superannuation Service Product Disclosure Statement |
Inflation Strategy
Performance
Performance since inception (25 January 2017) to 28 February 2019
NZ Funds Managed Superannuation Service Inflation Strategy
- Returns are stated after Strategy fees and expenses, but before any advisory fees or investor tax. Past performance is not necessarily an indication of future returns.
Maximum Decline and Risk
- Returns should be looked at in conjunction with the level of risk associated with an investment. "Maximum decline" is a measure of risk. It represents the largest decline in value experienced during the last 12 months.
- This is the annualised standard deviation calculated using weekly returns of the Strategy and market index data over the 5 years ending 31 December 2018. Market index data is used for calculating the volatility prior to the inception date. For more details on the market index data, see the SIPO for the NZ Funds Managed Superannuation Service. For more details on the Strategy’s Maximum Decline and Volatility please contact NZ Funds.
Note: Rounding may affect some numbers.
Portfolios
NZ Funds Managed Superannuation Service Inflation Strategy
Complete Strategy as at 20 February 2019
1. Where a strategy is shown, the asset class reflects the predominant assets in the strategy. The strategy may include other assets including cash. 2. The yield calculation represents an estimate of the yield on the Strategy, calculated using the most recent information provided by the external investment managers involved in managing the Strategy, hedged back to New Zealand dollars where appropriate. It is not calculated ‘as at’ any particular date as different external investment managers provide data at varying dates. As a result, in some instances the yields may lag the date of this Strategy summary. The yield is not the actual return on the Strategy, nor is it a projection or forecast. The Strategy’s return could be less than the Strategy’s yield. Details of the yield calculation are available on request from NZ Funds. 3. Inflation swaps notional value is currently $795,143. 4. Total economic exposure represents the total economic value of a Strategy, which is the net asset value of the Strategy adjusted for the effect of direct derivative positions taken by the Strategy and indirect derivative positions taken other than via a fund including hedge funds. For more details of the total economic exposure calculations,, see the Other Material Information document on the Offer Register at www.companiesoffice.govt.nz/disclose. Note: Rounding may affect any subtotals and totals.
Overview
| Objective | To mitigate the impact of inflation on your investment over the medium and/or long term by investing in income and growth assets using an active management approach. |
| Risk & volatility | Please see the NZ Funds Managed Superannuation Service Product Disclosure Statement (PDS) or the latest Fund Update for information on risk. |
| LifeCycle allocation | The LifeCycle Process allocates 10% of a member's funds to this Strategy until the member reaches age 55, from when their allocation will gradually increase to 34% by age 65. |
| Minimum suggested investment timeframe | 5 years + |
| Investment strategy summary | It is anticipated that the Strategy will mainly hold inflation-sensitive assets including cash and cash equivalents, Australasian and international bonds, and Australasian and international shares. It may also invest in other permitted assets. |
| Further information | The NZ Funds Managed Superannuation Service, which incorporates the Inflation Strategy, is issued by New Zealand Funds Management Limited. Further information is contained in the NZ Funds Managed Superannuation Service Product Disclosure Statement |
Growth Strategy
Performance
Performance since inception (25 January 2017) to 28 February 2019
NZ Funds Managed Superannuation Service Growth Strategy
- Returns are stated after Strategy fees and expenses, but before any advisory fees or investor tax. Past performance is not necessarily an indication of future returns.
Maximum Decline and Risk
- Returns should be looked at in conjunction with the level of risk associated with an investment. "Maximum decline" is a measure of risk. It represents the largest decline in value experienced during the last 12 months.
- This is the annualised standard deviation calculated using weekly returns of the Strategy and market index data over the 5 years ending 31 December 2018. Market index data is used for calculating the volatility prior to the inception date. For more details on the market index data, see the SIPO for the NZ Funds Managed Superannuation Service. For more details on the Strategy’s Maximum Decline and Volatility please contact NZ Funds.
Note: Rounding may affect some numbers.
Portfolios
NZ Funds Managed Superannuation Service Growth Strategy
Complete Strategy as at 20 February 2019
1. Where a strategy is shown, the asset class reflects the predominant assets in the strategy. The strategy may include other assets including cash. 2. The yield calculation represents an estimate of the yield on the Strategy, calculated using the most recent information provided by the external investment managers involved in managing the Strategy, hedged back to New Zealand dollars where appropriate. It is not calculated ‘as at’ any particular date as different external investment managers provide data at varying dates. As a result, in some instances the yields may lag the date of this Strategy summary. The yield is not the actual return on the Strategy, nor is it a projection or forecast. The Strategy’s return could be less than the Strategy’s yield. Details of the yield calculation are available on request from NZ Funds. 3. Total economic exposure represents the total economic value of a Strategy, which is the net asset value of the Strategy adjusted for the effect of direct derivative positions taken by the Strategy and indirect derivative positions taken other than via a fund including hedge funds. For more details of the total economic exposure calculations, see the Other Material Information document on the Offer Register at www.companiesoffice.govt.nz/disclose. Note: Rounding may affect any subtotals and totals.
Overview
| Objective | To grow your investment over the long term by investing in income and growth assets using an active management approach. |
| Risk & volatility | Please see the NZ Funds Managed Superannuation Service Product Disclosure Statement (PDS) or the latest Fund Update for information on risk. |
| LifeCycle allocation | The LifeCycle Process allocates 85% of a member’s funds to this Strategy until the member reaches age 55, from when their allocation will gradually decrease. |
| Minimum suggested investment timeframe | 10 years + |
| Investment strategy summary | It is anticipated that the Strategy will mainly hold Australasian and international shares, and/or hedge funds. It may also invest in other permitted assets. |
| Further information | The NZ Funds Managed Superannuation Service, which incorporates the Growth Strategy, is issued by New Zealand Funds Management Limited. Further information is contained in the NZ Funds Managed Superannuation Service Product Disclosure Statement |
