Koura Fixed Interest Fund
Fixed Interest Fund is a defensive KiwiSaver fund managed by Koura. It has 7,203 members and holds $63 million. It opened in 2019.
Fees and returns
- Annual fee
- 0.63% of your balance each year
- Return over 1 year
- +2.4% a year
- Return over 3 years
- +3.8% a year
- Return over 5 years
- +1.4% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
What it invests in
New zealand fixed interest 97%.
Largest holdings
- Nzlgfa 2.25% 15/05/2031 6.67%
- Dctl 3.22% 27/11/2028 4.83%
- Merinz 5.4% 21/03/2030 3.92%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +2.4% |
| 2024/25 | +5.2% |
| 2023/24 | +3.9% |
| 2022/23 | −0.1% |
| 2021/22 | −4.0% |
| 2020/21 | +2.0% |
About this fund
The Koura Fixed Interest Fund is a defensive fund that invests in the New Zealand fixed-income market — investment-grade government-related and corporate bonds. Because it includes corporate issuers, credit exposure is part of the return path alongside interest-rate movements, so it is not a government-only bond fund. It is one of Koura's single-exposure building blocks and carries an annual fund charge of 0.63%.