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SUMMER KIWISAVER SCHEME

SUMMER GROWTH SELECTION

Growth fund type

Here's what the provider says about this fund:

We aim to achieve positive long-term returns by choosing a lesser exposure to cash and fixed interest investments and a greater exposure to equity and property investments. Investors can expect moderate to high levels of movement up and down in value and to receive longer-term returns that are higher than those of Summer Balanced Selection.

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

Combined fees

This fund
1.05%
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
$36.00
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
0.90%
Average
1.27%
Annual management fee
0.89%
0.98%
Performance-based fees
0.00%
0.11%
Other fees and costs
0.01%
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
$247.50
Average
$324.30

Services

From the March 2021 KiwiSaver provider survey

This fund
76%
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. 

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Help with investment options

This fund
82%
Average
77%

Communications to members

80%
81%

Other services

64%
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
No 5-year
data yet
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.

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Compare past returns

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

Last twelve months

This fund
15.37%
Average
18.40%

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 5.25 8.01 6.04 80.71 0

Fund information

Number of members
1,219
Total value of fund
$51,399,793
Date fund started
08 Apr 2019

More information

More information can be found at:

Top 10 investments

These assets make up 21.2% of this fund.

Top 10 investments
Kind of investment Country Percentage of the fund Name
Cash and cash equivalents NZ 5.43 Anz Transactional Bank Account
International equities US 2.2 Amazon.Com, Inc.
Australasian equities NZ 2.14 Fisher & Paykel Healthcare Corporation Limited
International equities US 2.06 Visa Inc.- Class A Shares
Australasian equities AU 1.75 Csl Limited
International equities US 1.66 Alibaba Group Holding-Sp Adr
International equities US 1.52 Salesforce.Com, Inc.
International equities US 1.52 Microsoft Corporation
Australasian equities NZ 1.47 Spark New Zealand Limited
Australasian equities AU 1.45 Westpac Banking Corporation

Key personnel

Key personnel
Name Current position Time in role
Paul Robertshawe Portfolio Manager,Forsyth Barr Limited 0 years, 3 months
Craig Alexander Co-Head Of Funds Management At Forsyth Barr Limited 8 years, 0 months
Jason Lindsay Co-Head Of Funds Management,Forsyth Barr Limited 1 years, 9 months
Neil Paviour-Smith Director 13 years, 4 months
Martin Hawes Chair, Summer Investment Committee 4 years, 10 months