Strategies /
Global Bond Trust NZD Class
| Inception Date | APIR Code |
| November 10, 2011 | -- |
The Global Bond Trust is managed to invest in a broadly diversified portfolio of eligible short to immediate term domestic and global fixed interest and money market securities. Within portfolio constraints, including controls on portfolio maturity, security maturity, credit quality and diversification the objective of the Global Bond Trust is to maximise the total return (including income and capital appreciation) of the portfolio.
The Trust uses a "variable maturity" and "variable credit" approach to investing in a broadly diversified universe of domestic and international government and corporate debt securities. It invests in a broad range of highly liquid securities denominated in currencies from various countries—including Australia, Canada, Denmark, Europe (Euro), Japan, New Zealand, Sweden, Switzerland, Norway, the UK and the US.
Two classes of units are offered to all investors, AUD class units, denominated in Australian dollars and NZD class units, denominated in New Zealand dollars. Foreign currency exposure is hedged back to the Australian dollar (AUD class units) or the New Zealand dollar (NZD class units). To protect investors from 'concentration risk' the Global Bond Trust is subject to strict rules about diversification. These involve limits on the proportion of the Trust to be allocated at time of purchase to the paper of any single corporate issuer.
The addition of global bonds has the benefit of increasing diversification within the portfolio, which reduces overall volatility. It also provides exposure to the expected returns of multiple yield curves, rather than a single domestic curve. Investing in hedged global bonds, along with domestic bonds, allows the flexibility to create a more diversified and less risky fixed interest portfolio. It is a transparent strategy that is designed to fit well into an overall portfolio.
The Trust uses a "variable maturity" and "variable credit" approach to investing in a broadly diversified universe of domestic and international government and corporate debt securities. It invests in a broad range of highly liquid securities denominated in currencies from various countries—including Australia, Canada, Denmark, Europe (Euro), Japan, New Zealand, Sweden, Switzerland, Norway, the UK and the US.
Two classes of units are offered to all investors, AUD class units, denominated in Australian dollars and NZD class units, denominated in New Zealand dollars. Foreign currency exposure is hedged back to the Australian dollar (AUD class units) or the New Zealand dollar (NZD class units). To protect investors from 'concentration risk' the Global Bond Trust is subject to strict rules about diversification. These involve limits on the proportion of the Trust to be allocated at time of purchase to the paper of any single corporate issuer.
The addition of global bonds has the benefit of increasing diversification within the portfolio, which reduces overall volatility. It also provides exposure to the expected returns of multiple yield curves, rather than a single domestic curve. Investing in hedged global bonds, along with domestic bonds, allows the flexibility to create a more diversified and less risky fixed interest portfolio. It is a transparent strategy that is designed to fit well into an overall portfolio.
Related materials
Prices
| Updated Daily | ||||
|---|---|---|---|---|
| Date | Closing Price | NAV Change $ | NAV Change % | |
| May 21, 2012 | $10.40 | $0.00 | 0.00% | |
Performance
| Updated Daily | ||||
|---|---|---|---|---|
| Total Returns | Year-to-Date | |||
| May 21, 2012 | 3.73% | |||
| Updated Monthly | ||||
|---|---|---|---|---|
| Total Returns | One Month | Three Month | Year-to-Date | |
| April 30, 2012 | 1.28% | 1.67% | 2.93% | |
| Updated Monthly | ||||
|---|---|---|---|---|
| Average Annual Total Returns | One Year | Five Years | Ten Years | Since Inception |
| April 30, 2012 | -- | -- | -- | 3.34% |
| Updated Quarterly | ||||
|---|---|---|---|---|
| Average Annual Total Returns | One Year | Five Years | Ten Years | Since Inception |
| As of March 31, 2012 | -- | -- | -- | 2.04% |
Distributions
| Last 12 Months | |||||
|---|---|---|---|---|---|
| Type | Amount per Share | Record Date | Ex-dividend Date | Payable Date | Ex-dividend Price |
| Dividend | $0.0139 NZD | 12/31/2011 | 01/03/2012 | 01/03/2012 | $10.01 NZD |
Sector Allocations
Trust Net Asset Value Prices are cum-distribution.
Performance data reported by DFA Australia Limited represents past performance and is not indicative of future performance. The investment return and principal value will fluctuate so that an investor's units, when redeemed, may be worth more or less than their original cost. Further, there can be no assurance that any of the Trusts will achieve its investment objective.
Performance data reported by DFA Australia Limited represents past performance and is not indicative of future performance. The investment return and principal value will fluctuate so that an investor's units, when redeemed, may be worth more or less than their original cost. Further, there can be no assurance that any of the Trusts will achieve its investment objective.