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ONEANSWER KIWISAVER SCHEME

GROWTH FUND

ANZ New Zealand Investments Limited

Growth fund type

Here's what the provider says about this fund:

The Growth Fund invests mainly in growth assets (equities, listed property and listed infrastructure), with a smaller exposure to income assets (cash and cash equivalents and fixed interest). The fund may also invest in alternative assets. The Growth Fund aims to achieve (after the fund charge and before tax) over the long-term a higher yearly return allowing for large movements of value up and down including occasional negative yearly returns.

Considering switching to this fund? Read the must-knows of switching funds before you start the switching process.

Combined fees

This fund
1.13%
vs
Average
1.38%

The combined fees are how much you would have been charged for the year ended 31 March 2021 on the average KiwiSaver balance.

All the averages you see are for this same type of fund, so you’re comparing apples with apples.

Show fees breakdown

Combined fees include

Membership fees per year

This fund
$18.00
Average
$25.01

Here you’ll find the total breakdown of the combined fees. These don’t include other fees such as for switching or withdrawing.

+ Total fund fees

This fund
1.05%
Average
1.27%
Annual management fee
1.00%
0.98%
Performance-based fees
0.00%
0.11%
Other fees and costs
0.05%
0.18%

Your KiwiSaver money is invested by a professional fund manager, so there are always fees to pay. Fees can have a big impact on your nest egg, especially in the long run, so it pays to keep a close eye on how they add up.

Must-knows of KiwiSaver fees.

Combined fees example

On a growth fund of $23,500 the annual fees would be approximately:

This fund
$264.75
Average
$324.30

Services

From the March 2021 KiwiSaver provider survey

This fund
84%
vs
Average
74%

We surveyed KiwiSaver providers on how many different ways they help their members with investment options, communicate with members, and the extra services they offer.

So this rating is more about the quantity than the quality of services. 

Show survey categories

Compare services

Help with investment options

This fund
88%
Average
77%

Communications to members

88%
81%

Other services

74%
61%

Here ‘help’ means things like online forms, tools, calculators and information on how to optimise your KiwiSaver. 

More communication is not always better communication, but if the provider gives you options on how you like to be reached, that usually helps.

These extras include a range of additional services that are helpful.

Must-knows of KiwiSaver service

Returns

Since July 2016

This fund
10.01%
vs
Average
9.53%

Warning about returns!

These show how funds have performed in the past, but that’s not a good guide to how they’ll perform in the future. Don’t switch funds based on past returns.

Show yearly returns

Compare past returns

All returns shown are after total fund fees (not membership fees) and tax (28% PIR).

Last twelve months

This fund
22.76%
Average
18.40%

April 2019 - March 2020

-5.32%
-3.03%

April 2018 - March 2019

7.46%
5.66%

April 2017 - March 2018

7.6%
6.15%

April 2016 - March 2017

7.93%
5.66%

April 2015 - March 2016

3.97%
2.34%

April 2014 - March 2015

16.80%
8.27%

April 2013 - March 2014

11.02%
4.69%

April 2012 - March 2013

15.61%
6.37%

April 2011 - March 2012

1.68%
0.22%

The last twelve months refers to July 2020 to June 2021.

In general, it’s good to look at the longest possible time period when weighing returns. After all, with retirement savings, it’s the long game that counts.

Must-knows of KiwiSaver returns.

More fund details

Growth fund type

Which is the right type for me?

What’s in this fund

At 30 June 2021

This shows the actual mix of investments that this fund held on 30 June 2021. This mix continually changes because of market swings and managers’ rebalancing, so these percentages are a snapshot. But it will give you a good idea of where your money is being invested.

 

How this fund invests your money

How this fund invests your money
Cash Bonds Property Shares Other
Assets 3.37 10.18 10.36 72.7 3.39

Fund information

Number of members
15,182
Total value of fund
$550,577,107
Date fund started
01 Oct 2007

More information

More information can be found at:

www.anz.co.nz

Top 10 investments

These assets make up 9.84% of this fund.

Top 10 investments
Kind of investment Country Percentage of the fund Name
Cash and cash equivalents US 1.56 Cash Deposit (J.P. Morgan Usd)
International equities US 1.4 Visa Inc
Australasian equities NZ 1.29 Fisher And Paykel Healthcare
International equities CH 0.9 Nestle Sa
International equities US 0.83 Comcast Corp - Cls A
Australasian equities AU 0.8 Goodman Group
Australasian equities AU 0.78 Bhp Billiton Ltd
Australasian equities NZ 0.78 Spark New Zealand Ltd
International equities US 0.76 Thermo Fisher Scientific Inc
International equities US 0.74 Hdfc Bank Ltd - Adr

Key personnel

Key personnel
Name Current position Time in role
Paul Huxford Chief Investment Officer, New Zealand 3 years, 0 months
Alan Clarke Co-Head Of Diversified Portfolio Management 2 years, 4 months
Maaike Van Tol Co-Head Of Diversified Portfolio Management 2 years, 4 months
Mathew Young Head Of Investment Implementation And Fx Strategy 2 years, 4 months
Iain Cox Head Of Australasian Fixed Interest And Cash 7 years, 4 months