ANZ Investments OneAnswer New Zealand Fixed Interest Fund
Managed by ANZ Investments PIE tax treatment — capped at your PIR (max 28%)
This fund is a Portfolio Investment Entity (PIE) under Subpart HM of the Income Tax Act 2007. Income is taxed at your Prescribed Investor Rate (10.5% / 17.5% / 28%), not your marginal income-tax rate. The fund manager calculates and pays the tax on your behalf — when your PIR is correct, you usually don't need to declare PIE income in your annual tax return. See our PIR guide and PIE tax basics for the full picture, or use the PIR calculator to confirm your rate.
Annual fund charge
0.46%
vs peer avg 0.65%
Risk indicator
3/7
1 = lower risk · 7 = higher risk
5-year return p.a.
0.63%
peer avg 1.17%
Fund size
NZ$11.1m
0% growth · 100% income
The New Zealand Fixed Interest Fund invests mainly in New Zealand fixed interest assets. Investments may include fixed interest assets in New Zealand dollars, or issued by New Zealand located or incorporated entities and hedged back to New Zealand dollars, and cash and cash equivalents.The New Zealand Fixed Interest Fund aims to achieve a return (after the fund charge and before tax) that over the long-term is broadly in line with the relevant market index.
Key facts
Fund start date
31 March 1991
Tax structure
PIE
Capped at your PIR (max 28%)
How this fund compares to peers
Mechanical comparison vs the 14 other nz fixed interest funds in our cohort. Source: FMA Disclose register via Sorted Smart Investor. Past performance is not a reliable indicator of future returns.
Annual fund charge
0.46%
Category median: 0.63%
Cheaper than 82% of peers
5y return p.a. (after fees)
+0.63%
Category median: +1.13%
Lower than most peers (bottom 12% over period)
Fund size
NZ$11.1m
Category median: NZ$151.2m
18th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$228
Compounded charge over 5 years (excl. returns)
$81 less than peer median
Mechanical scores only — no opinion or recommendation. Different funds suit different investor goals. ManagedFundsNZ is not a Financial Advice Provider. Read the current PDS and consider speaking to a licensed financial adviser.
Top 10 holdings
As at the latest published quarterly fund update (via Sorted Smart Investor).
| Holding | % of fund |
|---|---|
| NZ NZ Government Stock 15/05/2035 4.50 | 5.93% |
| NG NZ Government Bond 15/05/2036 4.25 | 5.16% |
| NG NZ Government Bond 14/04/2033 3.50 | 4.95% |
| NG NZ Government Bond 15/05/2034 4.25 | 4.75% |
| NG NZ Government Bond 15/05/2032 2 | 4.04% |
| NZ Housing New Zealand Limited 18/10/28 | 3.47% |
| NZ NZ Local Govt Funding Agency 15/04/26 1.50 | 2.99% |
| NG NZ Government Bond 15/05/2041 1.75 | 2.78% |
 ASB Bank Ltd 02/09/2030 4.10 | 2.61% |
 Westpac Banking NZ 19/11/2030 3.868 | 2.54% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- NEW ZEALAND FIXED INTEREST FUND (FND2204) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 7.86 KB
- One Answer SAC Funds PDS 23 October 2025.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 1.10 MB
- OASAC New Zealand Fixed Interest Fund.pdf The quarterly update published by the provider PDF, 153.02 KB
- One Answer Single Asset Class Scheme SIPO 23 October 2025.pdf SIPO - Information about how the funds in the OneAnswer Single-Asset-Class Funds invest. PDF, 250.01 KB
- One Answer SAC Funds Guide 23 October 2025.pdf Guide - A helpful guide to the OneAnswer Single-Asset-Class Funds, including how to make the funds work for you, an overview, and a case study. PDF, 831.
- OASACOMI 23 October 2025.pdf OMI - Details important information about the OneAnswer Single-Asset-Class Funds. You should read this document in conjunction with the guide and product disclosure statem
- OASAC Underlying Funds and external fund managers 1 April 2026.pdf OneAnswer Single-Asset-Class Funds - Underlying funds and external fund managers PDF, 97.90 KB
- ANZ Investments Responsible Investment Framework 30 April 2026.pdf Responsible Investment Framework PDF, 1.32 MB
- One Answer Single Asset Class Scheme SIPO 23 October 2025.pdf Statement of investment policy and objectives PDF, 250.01 KB
About this category
Funds investing in New Zealand-issued government and corporate bonds. Generally lower-risk than equity funds; income-focused.
About ANZ Investments
Asset-management arm of ANZ NZ; runs the OneAnswer multi-fund range.
See all funds from ANZ Investments →Head-to-head
Compare ANZ Investments OneAnswer New Zealand Fixed Interest Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other NZ Fixed Interest funds
AI & integrations
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Frequently asked questions
Mechanical Q&A grounded in the fund's PDS, SIPO, and latest QFU on the FMA Disclose register. Verify against the source before relying on any of this.
Who manages the ANZ Investments OneAnswer New Zealand Fixed Interest Fund?
ANZ Investments OneAnswer New Zealand Fixed Interest Fund is managed by ANZ Investments. Asset-management arm of ANZ NZ; runs the OneAnswer multi-fund range.
What asset class is the ANZ Investments OneAnswer New Zealand Fixed Interest Fund?
It is a nz fixed interest managed fund. Funds investing in New Zealand-issued government and corporate bonds. Generally lower-risk than equity funds; income-focused.
What are the fees for the ANZ Investments OneAnswer New Zealand Fixed Interest Fund?
The annual fund charge for the ANZ Investments OneAnswer New Zealand Fixed Interest Fund is 0.46% p.a., as reported in the latest Quarterly Fund Update sourced from the FMA Disclose register. Always check the current PDS for any additional fees.
What is the risk indicator for the ANZ Investments OneAnswer New Zealand Fixed Interest Fund?
The risk indicator is 3/7 on the standardised FMA-mandated scale, where 1 is lower risk and 7 is higher risk. The risk indicator is calculated from the fund's price volatility over the past five years and is published in every Quarterly Fund Update.
Is the ANZ Investments OneAnswer New Zealand Fixed Interest Fund a PIE fund?
Yes. The ANZ Investments OneAnswer New Zealand Fixed Interest Fund is structured as a New Zealand Portfolio Investment Entity (PIE). Investor tax on the fund's income is capped at the investor's Prescribed Investor Rate (PIR), which has a maximum of 28%. Most NZ-resident retail investors with a taxable income at or below NZ$48,000 qualify for a lower PIR.
How big is the ANZ Investments OneAnswer New Zealand Fixed Interest Fund?
Fund size (assets under management) is NZ$11 million as at the latest Quarterly Fund Update. Asset mix is approximately 0% growth assets and 100% income assets.
What does the ANZ Investments OneAnswer New Zealand Fixed Interest Fund invest in?
The latest published top holdings are: NZ Government Stock 15/05/2035 4.50 (5.93%), NZ Government Bond 15/05/2036 4.25 (5.16%), NZ Government Bond 14/04/2033 3.50 (4.95%). Holdings are disclosed in each Quarterly Fund Update; the full portfolio holdings file is also available via the FMA Disclose register.
How can I invest in the ANZ Investments OneAnswer New Zealand Fixed Interest Fund?
The ANZ Investments OneAnswer New Zealand Fixed Interest Fund is available via InvestNow, ANZ Investments directly. Always read the current Product Disclosure Statement before investing.