NZ Fund Managers

[Snoopy]

This is a representation of information that I have already provided, but in a form that makes it easier to compare the prospective protagonists. I list the top ten holdings of each fund.

Where an entry has two percentage figures attached to it:

a/ The first is the 'coupon rate' of the bond, AND
b/ The second (in brackets) is the percentage of that bond fund that heads the column, which is made up of the holding that is being detailed.

	Kiwiwealth Conservative Fund	Harbour NZ Corporate Bond Fund	Harbour NZ Core Fixed Interest Fund	Fisher NZ Fixed Income Trust	Milford Trans-Tasman Bond Fund
	Westpac NZD Account (Cash & Cash Equivalents) (3.24%)	Bank of New Zealand 07/06/27 4.985% (4.08%)	NZ Government Stock 15/04/37 2.75% (13.16%)	NZ Government Stock 14/04/33 3.5% (6.37%)	NZ Local Gov Fund Agency 15/05/28 2.25% (3.54%)
	NZ Local Gov Fund Agency Bond 3.5% 14/04/33 (2.80%)	Kainga Ora 24/04/30 2.183% (3.68%)	NZ Government Stock 15/05/41 1.75% (7.44%)	NZ Government Stock 20/04/29 3.0% (5.70%)	NZ Local Gov Fund Agency 15/04/26 1.5% (3.15%)
	NZ Local Gov Fund Agency Bond 4.5% 15/04/27 (2.53%)	Westpac NZ Limited 23/03/23 3.72% (3.50%)	NZGS Index Linked Bond 20/09/25 2.00% (6.21%)	NZ Government Stock 15/04/25 2.75% (4.15%)	NZ Local Gov Fund Agency 15/04/24 2.25% (2.92%)
	NZ Local Gov Fund Agency Bond 1.5% 20/04/29 (2.34%)	Westpac NZ Limited 16/02/27 3.696% (3.45%)	NZ Government Stock 15/05/24 0.50% (5.63%)	NZ Government Stock 15/04/37 2.75% (4.08%)	NZ Local Gov Fund Agency 15/04/2027 4.5% (2.21%)
	Kommunalbanken AS 4% 20/08/25 (Norway) (2.22%)	Kainga Ora 05/10/26 2.247% (2.98%)	NZ Government Stock 15/04/25 2.75% (3.63%)	NZ Government Stock 15/04/27 4.5% (3.54%)	NZ Local Gov Fund Agency 15/05/31 2.25% (2.04%)
	Kainga Ora 3.42% 18/10/28 (2.20%)	NZ Government Stock 15/04/23 5.50% (2.95%)	NZ Government Stock 15/05/32 2.00% (2.66%)	NZ Government Stock 15/05/31 1.50% (4.58%)	Monash University 06/04/29 4.05% (1.95%)
	Transpower New Zealand Ltd 1.735% 4/09/25 (2.06%)	NZ Local Gov Fund Agency 15/04/37 2.00% (2.87%)	ANZ NZD Cash (2.48%)	ANZ NZD Cash (2.90%)	Genesis Energy 09/06/27 5.66% (1.72%)
	International Bank for Reconstruction & Development 1.625% 10/05/28 (USA) (2.00%)	NZGS Index Linked Bond 20/09/25 2.00% (2.77%)	NZ Government Stock 14/04/2033 3.50% (2.38%)	NZ Government Stock 15/05/26 0.5% (2.86%)	Kainga Ora. 3.36% 12/06/25 (1.56%)
	Kommunalbanken AS 1.25% 02/07/30 (Norway) (1.96%)	Westpac NZ Limited 29/07/24 2.22% (2.76%)	NZ Government Stock 15/04/2023 5.50% (2.29%)	Kainga Ora. 3.36% 12/06/25 (2.84%)	NZ Local Gov Fund Agency 20/04/29 1.5% (1.45%)
	Asian Development Bank 2.125% 19/05/31 (Philippines) (1.94%)	Kommunalbanken AS 12/06/25 0.75% (2.72%)	NZ Government Stock 15/05/28 0.25% (2.28%)	ANZ NZ Ltd. 3.03% 20/03/24 (2.80%)	Spark 29/09/28 4.37% (1.45%)
Total Top Ten Holdings	(23.09%)	(31.76%)	(48.16%)	(38.32%)	(21.99%)
Top Ten Bond Time to Maturity (Average)	6.4 years	4.7 years	7.8 years	6.2 years	5.4 years
Top Ten Bond Coupon Yield (Average)	2.63%	2.93%	2.33%	2.77%	3.17%
Annual Fund Management Fee	0.71%	0.46%	0.65%	0.96%	0.65%

Notes

1/ 'Kainga Ora' is the agency formerly known as 'Housing New Zealand'.

SNOOPY