# NZ Funds New Zealand and Australian Bonds

> Mechanical fund record. Sourced from the FMA Disclose register. ManagedFundsNZ does not give financial advice and does not publish opinion-based ratings.

- **Manager:** NZ Funds (New Zealand Funds Management Limited)
- **Asset class:** New Zealand Fixed Interest
- **Risk profile:** conservative
- **Structure:** NZ Portfolio Investment Entity (PIE) — investor tax capped at PIR (max 28%)
- **Confidence tier:** C (Sorted Smart Investor → FMA Disclose)
- **Last verified:** 2026-05-22

## Summary

The NZ Funds New Zealand and Australian Bonds is a nz fixed interest managed fund run by NZ Funds. NZ-owned manager offering Wealth Builder strategies, Income Generator, and a series of Global and New Zealand sector portfolios.

## Fund data

- **Annual fund charge:** 1.44% p.a. (from the latest Quarterly Fund Update)
- **5-year return (after charges, after tax at 28% PIR):** 0.97% p.a.
- **Risk indicator:** 4/7 on the FMA-mandated standardised scale (1 = lower risk, 7 = higher risk)
- **Fund size (AUM):** NZ$145 million
- **Asset mix:** 0% growth assets · 100% income assets
- **Fund started:** 23 July 2008

## Top 10 holdings

1. Westpac Bank Bill 2.54% 30/06/2026 — 15.97%
2. ANZ Bank Ltd 2.999% 17/09/2031 — 11.57%
3. Bank of New Zealand 5.872% 01/09/2028 — 8.37%
4. Kiwibank 4.93% Perpetual — 5.31%
5. Westpac Bank Bill 2.535% 25/06/2026 — 4.79%
6. Mercury Ltd 5.73% 13/05/2052 — 4.70%
7. Bank of New Zealand 4.889% 19/11/2029 — 4.55%
8. Westpac Bank Bill 2.49% 13/04/2026 — 4.41%
9. BNZ Bank Bill 2.53% 16/06/2026 — 4.39%
10. ANZ Bank New Zealand 7.6% Perpetual — 4.08%

Holdings are disclosed in every Quarterly Fund Update; the full portfolio holdings file is available via the FMA Disclose register.

## How to invest

Available via: NZ Funds directly. Read the current Product Disclosure Statement (PDS) before investing.

## Sources

- **FMA Disclose register** (primary): https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=NZ%20Funds%20New%20Zealand%20and%20Australian%20Bonds
- **Product Disclosure Statement:** /disclose-document/mdodfc17cc7af10a3ad4fce6b61e63f749e/NZ-Funds-Active-Growth-Series-PDS-28-October-2025.pdf
- **Sorted Smart Investor** (cross-validation): https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH10803/OFR10831/FND1607/
- **Manager website:** https://www.nzfunds.co.nz

## Citations (authoritative primary sources)

- FMA Disclose register — https://disclose-register.companiesoffice.govt.nz/ (publisher: Financial Markets Authority, NZ)
- Inland Revenue — PIE / PIR rules — https://www.ird.govt.nz/roles/portfolio-investment-entities
- Financial Markets Conduct Act 2013 — https://www.legislation.govt.nz/act/public/2013/0069/latest/DLM4090578.html
- Sorted Smart Investor (cross-validation only) — https://smartinvestor.sorted.org.nz/

## This file

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- **First published:** 2026-05-08
- **Last refreshed:** 2026-05-22
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ManagedFundsNZ is independent. We are not a Financial Advice Provider. This page is general information sourced from the FMA Disclose register; it is not personalised financial advice. Read the current PDS and consider talking to a licensed adviser before investing.