Scroll
Income Fund

INCOME FUND

A conservative investment option

APPLY NOW » REQUEST INFO PACK » PRINT »

4.3%
as at 31/07/2021
after fees and before tax
0.9%
as at 31/07/2021
after fees and before tax
If you had invested $10,000 at
inception, today it would be worth ...
$15,485
inception date 18/04/2011
$1.1262
as at 03/08/21
Minimum
investment
$100 per month

About the Fund

The Income Fund gives our clients access to a diverse portfolio of fixed interest investments from around the globe. This fund combines our rigorous investment research with active portfolio management. As well as being an option to invest in this fund as part of a diversified investment strategy across our managed funds, this fund offers an alternative to bank deposits. Your money is invested throughout the world in a range of industries and sectors that are not available in Australasia, providing added diversification. Because this fund is designed to be a more conservative fund there are no investments in shares. You can also access your money at any time and there is a low minimum for investment.

Why choose the Income Fund

Cash and fixed interest plays an important stabilising role in any investment portfolio. Think of it as something of a financial umbrella to offer your portfolio protection in difficult market conditions. This is because these types of investments are expected to offer more stable, though lower, returns over the long term.

 

APPLY NOW » Request Info Pack »

Growth of $10,000 invested in the fund since inception

* New Zealand Government Stock Index (Inception to 31/10/2016), S&P/NZX 2 Year Swap Index (1/11/2016 to now)


Sector Split

as at 31 July 2021

Sector Split

Geographic Split

as at 31 July 2021

Sector Split

Portfolio holdings

The Fund holds a range of different investments, including corporate and Government bonds, as well as cash holdings. See below for more detail on these.

view portfolio holdings »

 

Highlights and lowlights — June 2021

Your portfolios: Highlights and lowlights

 

Long term interest rates across several key offshore markets dipped lower this month. This pushed bond prices higher, helping the Fund register a strong return.

In company news, Nike Inc reported very strong results for the year ended May 2021 with revenue increasing 19% which, in part, reflected a 64% increase in digital sales. While it is difficult to predict the lasting impact of the global pandemic, we do think the trend towards more online shopping will continue to increase. Nike is well placed to benefit from this. When coupled with its robust balance sheet, strong free cash flow, and globally recognised brand we believe this investment remains on a firm and improving path.

 Sherwin Williams, a market leader in paints and coatings, also updated investors regarding its long-term strategic priorities which centre on providing unique solutions for customers through product innovation. The executive team increased the group’s sales growth expectation for 2021 while also remaining committed to a strong balance sheet. Owing to leading market positions and global scale, we expect the company to continue to generate strong free cash flow in the years ahead.

A lowlight this month was the fund’s position in Banca Monte dei Paschi di Siena, the Italian banking group. The bank continues to progress with plans to improve its capital position. But a series of local press reports generated uncertainty regarding this process. As long-term investors, we believe in looking through short term headlines that reveal no new material information. Given this, we have maintained our investment position as we believe the bank will improve its operating metrics and balance sheet over the coming years.

 

 


Fund resources

Fisher Funds Income Fund Updates

Your portfolio team

David McLeish

David McLeish »

Senior Portfolio Manager

Quin Casey

Quin Casey »

Senior Investment Anaylst

Matt Logan

Matt Logan »

Senior Investment Analyst

Lyle  McNee

Lyle McNee »

Investment Analyst


OUR MANAGED FUNDS

Is there anything we
can help you with?

Chat to us