Our Funds

Our Funds

Colchester Global Government Bond Pie Fund


The Colchester Global Government Bond Fund aims to deliver growth and income to investors whilst offering the defensive characteristics of a global sovereign bond portfolio over the medium term.

Portfolio characteristics

  • Low correlation to growth assets such as equities and other income securities such as credit & high yield
  • Liquid assets during times of market stress
  • Capital and Income returns over the medium term

Fund details

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Global Government Bond PIE Fund

Colchester Global
Government Bond PIE Fund

New Zealand PIE Funds Overview

The NZ PIE tax rules allow investment funds to pay tax on each investor’s share of the fund’s investment income at each investor’s Prescribed Investor Rate (PIR). As the top PIR for individuals is 28%, many investors may find that PIE funds are a more tax efficient way to invest. As the top PIR for individuals is 28%, investors may find this is lower than the marginal tax rate applying to income such as salary, wages and interest. It’s important you know your correct PIR before investing. (If you are unsure, seek professional advice, contact the Inland Revenue Department or go to their website.)

Fund Overview

The Colchester Global Government Bond PIE Fund aims to achieve favourable income and capital returns from a globally diversified portfolio of primarily sovereign debt or debt-like securities and currencies.

Portfolio characteristics

  • Low correlation to growth assets such as equities and other fixed income securities such as credit & high yield
  • Liquid assets during times of market stress

May be suitable for investors who want

  • Medium term capital growth and income
  • Access to global sovereign bonds
  • Diversified portfolio of currencies which may assist with medium term value add
  • An investment that is more defensive than equities, credit and high yield over the medium term
  • To access a fixed interest fund manager with a long and successful track record of making prudent investment decisions rather than speculating.

Potential Benefits for Investors

  • Potential to defend performance when other assets fall
  • Ability to access funds when needed
  • Medium term growth in investment principal
  • Opportunity to receive regular income distributions

Why choose Colchester?

  • Specialist global fixed income manager
  • Well-established and stable Investment Team
  • Consistent outperformance over the long term

Current Research Ratings1,2

Morningstar Medalist RatingTM As of 04/04/2024
Analyst-Driven % 100
Data Coverage % 100

1 Refer to disclaimers at bottom of the page
2 Ratings apply to Colchester Global Government Bond PIE Fund


Recent recognition for Colchester's Global Government Bond PIE Fund1

Contact us for our latest Fund Research Reports

Fund Facts

FundRock NZ Limited acts as the Manager of the Colchester Global Government Bond PIE Fund, while Colchester Global Investors undertakes the role of Investment Manager. The fund was registered under the Financial Markets Control Act 2013 in New Zealand on 9 April 2021.


Investment Objective

The Fund aims to achieve favourable income and capital returns from a globally diversified portfolio of primarily sovereign debt or debt-like securities and currencies. An associated objective is the preservation and enhancement of principal.


Investment Style

Value style investing focussing on real yield and real exchange rate valuations with fundamental research on financial stability.

BenchmarkFTSE World Government Bond Index NZD Hedged
Timeframe Minimum suggested investment timeframe is 5 years
PricingDaily
Liquidity Daily
Minimum Application $50,000 or as per platform minimum
Management Fee0.75% p.a.
Total Annual Fund Charges0.77% p.a.
Buy/Sell Feenil
Performance Feenil

Performance Data


Colchester Global Government Bond PIE Fund

Fund Update and Commentary


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Colchester Global Government Bond PIE Fund
ConsiliumFNZ

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