Short Duration Corporate Bond Fund (NZD)
Strategy
The Artesian Short Duration Corporate Bond Fund (NZD) offers New Zealand investors a Portfolio Investment Entity (PIE) vehicle to invest in the Artesian Corporate Bond Fund (AUD).
The Fund invests in a diversified portfolio of liquid, predominantly investment grade fixed and floating rate Australian dollar corporate bonds, issued by Australian and international companies, with more emphasis placed on FRNs to mitigate interest rate risk.
Key characteristics:
- Investment grade fund with an emphasis on liquidity and credit quality, and no listed bank hybrids.
- Short interest rate duration fund with a floating rate note bias.
- ESG integrated investment research to provide optimal investment decisions.
- Capped fund size to maximise returns for investors.
Target Return
The Fund's stated objective is to outperform its benchmark, the Bloomberg AusBond Composite 0-3 Yr Index (100% hedged to NZD), net of fees through active management.
Note the target return is not a forecast. It is merely an indication of what the Fund aims to achieve over the medium term on the assumption that credit markets remain relatively stable throughout the investment timeframe. The Fund may not be successful in meeting the target return. Returns are not guaranteed.
Terms
Investment Management Fee
0.44%
Administration Fee
0.29%
Total Fund Charges
0.73% p.a.
Minimum Investment
NZD $10,000
Structure
PIE
Minimum Timeframe
3 years
Underlying track record
Please refer to monthly performance report for track record.
This Fund is a New Zealand PIE that invests into an underlying Australian unit trust, the Artesian Corporate Bond Fund (AUD). The figures below are the returns of that underlying fund, reported in Australian dollars against the Bloomberg AusBond Comp 0-3 Yr Index. They are not the returns of this Fund and should not be read as such.
Artesian Corporate Bond Fund (AUD), Class B Units as at 30 June 2026
| 1 mth | 3 mth | 6 mth | 1 yr | 2 yr p.a. | 3 yr p.a. | 4 yr p.a. | 5 yr p.a. | Since Incep. | |
|---|---|---|---|---|---|---|---|---|---|
| Gross Fund Return | 0.81% | 2.08% | 2.89% | 6.12% | 6.68% | 7.40% | 6.98% | 4.98% | 4.93% |
| Net Fund Return | 0.75% | 1.89% | 2.51% | 5.33% | 5.89% | 6.60% | 6.18% | 4.20% | 4.14% |
| Bloomberg AusBond Comp 0-3 Yr Index | 0.54% | 1.60% | 1.86% | 2.62% | 4.08% | 4.18% | 3.51% | 2.20% | 2.15% |
| Active Return (net less benchmark) | 0.21% | 0.30% | 0.65% | 2.71% | 1.81% | 2.43% | 2.67% | 2.00% | 1.99% |
Source: Artesian Corporate Bond Fund monthly update, June 2026. Past performance should not be taken as an indicator of future performance. Net of fees performance is based on end of month redemption prices after the deduction of fees and expenses and the reinvestment of all distributions. Gross performance is the net return with fees and expenses added back.
Ratings and platforms
Fund documentation
Short Duration Corporate Bond Fund (NZD) investors can log in for transaction history and unit pricing.
Select a category to view documents. Click any thumbnail to download.
Fund reports
Offering documents
Investment approach
This Fund invests into the Artesian Corporate Bond Fund (AUD), so the approach below is that fund's. References to the Fund in this section are to the underlying fund.
An investment grade focused fund.
The Fund invests at least 90% of its funds (excluding cash holdings) in investment grade debt rated BBB- or higher by major credit rating agencies. This disciplined approach prioritises capital preservation while capturing credit spread opportunities across the AUD corporate bond market.
Debt team
Important information
General advice
This information is general in nature and does not take into account your personal objectives, financial situation or needs. Before making an investment decision, you should read the Product Disclosure Statement (PDS) and consider whether the investment is appropriate for you.
Past performance
Past performance is not indicative of future returns. Returns are not guaranteed. The value of your investment may go down as well as up.
Fund structure
The Artesian Short Duration Corporate Bond Fund (NZD) is a Portfolio Investment Entity (PIE) managed by Devon Funds Management Limited. The Fund invests in an underlying Australian Unit Trust (AUT), the Artesian Corporate Bond Fund (AUD), managed by Artesian Capital Management Pty Ltd. Devon do not manage the underlying fund and have no control over its investment process.
Performance shown
Performance figures on this page are those of the underlying Artesian Corporate Bond Fund (AUD) and are stated in Australian dollars. They are not the returns of this Fund. The amount of tax you pay in respect of a PIE is based on your prescribed investor rate (PIR).
Zenith rating
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (ETL3604AU (Artesian Corporate Bond Fund) and ETL8782AU (Artesian Green & Sustainable Bond Fund) assigned June 2024) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines
Lonsec rating
The report was published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Lonsec receives a fee from fund managers for the preparation of reports. Lonsec’s reports are prepared based on a Research Process that is consistently followed for different products. The information included in the report, including the rating, is general advice only. An investor should be aware that: a) the advice has been prepared without taking into account an investors’ objectives, financial situation or needs; b) an investor should consider the appropriateness of the advice having regard to their own objectives, financial situation or needs before acting on the advice; and c) an investor should obtain a Product Disclosure Statement (PDS) (if required) relating to the product, consider the PDS and seek independent financial advice before making any decision about whether to acquire the product. The report, including the rating, is not a recommendation to purchase, sell or hold any product. Past performance is not a reliable indicator of future performance. Reports are prepared based on information available at the time of preparation and may be subject to change by Lonsec without notice. Visit lonsec.com.au for important documents including the Financial Services Guide and Conflicts of Interests Statement. © 2026 Lonsec. All rights reserved.