What can the Hunter Global Fixed Interest Fund actually invest in?
The fund's Statement of Investment Policy and Objectives (SIPO) defines the asset classes it can hold and the allowable target / min / max weights for each.
Strategic asset allocation ranges
| Asset class | Target | Min | Max |
|---|---|---|---|
| International fixed interest (Portfolio) | 100% | 95% | 100% |
| Funding account (NZD cash and cash equivalents) | — | 0% | 5% |
Mandate flexibility (sum of max − min across all ranges): 10%. Narrow range — index-tracking style with limited drift.
Explicit exclusions (7)
- Tobacco companies
- Armament manufacturers
- Cluster munitions development or production
- Companies deriving more than 10% of earnings from pornography or gambling
- Companies deriving more than 10% of earnings from or whose only, core, or majority business is the exploration, extraction, refining or processing of fossil fuels
- Utilities who primarily burn fossil fuels
- Companies involved in 'very severe' controversies scoring 0 ('red flag') on MSCI's ESG Controversy criteria
Responsible-investment approach
Harbour's Environmental, Social and Governance Policy applies to the Hunter Private Credit Fund. ESG considerations are taken into account in the investment policies and procedures of the Funds. The Hunter Global Fixed Interest Fund has specific prohibited investments listed in section 4, including tobacco companies, armament manufacturers, cluster munitions, pornography/gambling (>10% earnings), fossil fuel companies (>10% earnings or core business), and companies with 'very severe' ESG controversies scoring 0 on MSCI's ESG Controversy criteria.
Derivatives policy
The Hunter Private Credit Fund's use of derivatives is governed by the Harbour Derivative Risk Statement (DRS), permitting foreign exchange futures, interest rate swaps and options for hedging interest rate risk and currency exposure only. The Hunter Global Fixed Interest Fund is governed by the PIMCO Use of Derivatives Statement, permitting options, futures, swaps and credit derivatives for risk protection, return enhancement, cost-effective asset exposure, implementing investment objectives, and currency management.