Global Equities Fund

Overview

The fund aims to achieve positive long-term returns by investing in international shares. These investments typically have very high levels of movement up and down in value.

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Unit Price

Month End Unit Price

As at 31 Mar 2024

1.7846 NZD

The unit prices shown do not take into account any adjustment for any accrued PIE tax that individual investors may need to pay on withdrawal. Buy/sell spreads may apply when transacting - there are currently none.

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Manager's Comment

How did your portfolio perform?

The Global Equities Fund delivered a gross return of 4.25% in March, in line with the fund's market index return of 4.22%.

For the 12 months to the end of March, the Global Equities Fund delivered a gross return of 27.06%, fractionally under the funds’ market index return of 27.22%.

Major Investments

As at 31 Mar 2024
Company name % of fund
Intermede Global Equity Fund 33.48%
ALPHABET INC-CL A 2.20%
MICROSOFT CORP 2.11%
VISA INC-CLASS A SHARES 1.83%
PROCTER & GAMBLE CO/THE 1.70%
WALT DISNEY CO/THE 1.67%
AMAZON.COM INC 1.67%
APPLE INC 1.51%
NESTLE SA-REG 1.50%
VERIZON COMMUNICATIONS INC 1.31%
Major holdings as % of total portfolio 48.97%

% Split of FUM by Investment Manager

Investment Manager %
Te Ahumairangi 45
Intermede Investment Partners 35
WMR Model Portfolio 20

Performance over time

Return Comparison

As at 31 Mar 2024
1 Month 3 Months 1 Year *3 Years *Since commenced operation
Net Fund Return 1 Month 4.14% 3 Months 10.76% 1 Year 25.35% *3 Years 2.13% *Since commenced operation 3.88%
Gross Fund Return 1 Month 4.25% 3 Months 11.13% 1 Year 27.06% *3 Years 3.58% *Since commenced operation 5.03%
MSCI ACWI Net TR Index (50% hedged to the NZD) 1 Month 4.22% 3 Months 12.05% 1 Year 27.22% *3 Years 11.06% *Since commenced operation 9.69%

*Annualised
Net Fund Returns are calculated before deduction of taxes but after deduction of fund charges and trading expenses and including imputation credits where available. Prior to October 2022 Net Fund Returns were calculated after deduction of fund charges, trading expenses and accrued tax for a New Zealand resident paying individual tax at the highest Prescribed Investor Rate (28%). Gross Fund Returns are calculated before deduction of taxes and fund charges but after deduction of trading expenses and including imputation credits where applicable. Market index returns do not have any deductions for fund charges, trading expenses or tax.

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Fund update

As at 31 March 2024

This document tells you how the Global Equities Fund has performed and what fees were charged. The document will help you to compare the fund with other funds. (Please note that this fund was previously known as the Forsyth Barr Global Equities Fund, and that Fund Updates may refer to the fund by that name.)
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General Fund Information

Risk indicator

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Potentially higher returns
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Lower risk
Higher risk

The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the relevant fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way. The risk indicator is based on the returns data for the five years to 31 December 2023. See more information about the risks of investing in the Product Disclosure Statement

 

Target investment mix

Cash and cash equivalents 10.00%
New Zealand fixed interest 0.00%
International fixed interest 0.00%
Australasian equities 0.00%
International equities 90.00%
Listed property 0.00%

Things to note

  • Manager: Forsyth Barr Investment Management Limited
  • Investment manager: Octagon Asset Management Limited
  • Date the fund started: 26 June 2008
  • Tax status: Portfolio Investment Fund (PIE)
  • Minimum suggested investment time frame: At least five years
  • Benchmark: None
  • Currency: New Zealand dollars

View the Product Disclosure Statement for detailed information about this Fund and Octagon Investment Funds Scheme.

Fees

  • Annual fund charges are currently 1.35% p.a. of the value of your investment. We pay management and administration charges along with the Supervisor fee out of this. All fees and charges are quoted exclusive of GST.
Forsyth Barr Investment Management Limited is the issuer and Octagon Asset Management Limited the investment manager of the Octagon Investment Funds. The comments on this webpage do not take your personal circumstances into account. Before acting on any information on this webpage, we recommend you seek financial advice. Past performance is not a reliable guide to future performance. Forsyth Barr Investment Management Limited, Octagon Asset Management Limited and their affiliates do not make any representation or warranty (express or implied) that this webpage is accurate, complete, or current and to the maximum extent permitted by law disclaim any liability for loss which may be incurred by any person relying on this webpage. This webpage is not intended to be distributed or made available to any person in any jurisdiction where doing so would constitute a breach of any applicable laws or regulations.
 

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