Summer KiwiSaver Scheme
Summer Investment Selection
Forsyth Barr Investment Management Limited
Balanced fund type
Here's what the provider says about this fund:
The fund offers exposure to the following asset classes: New Zealand Cash, New Zealand Fixed Interest, Global Fixed Interest, New Zealand Equities, Investment Selection, Listed Property, and Global Equities. We aim to achieve positive long-term returns. These kinds of investments will typically have low to moderate levels of movement up and down in value.
The combined fees are how much you would have been charged for the year ended 31 March 2017 on the average KiwiSaver balance.
All the averages you see are for this same type of fund, so you’re comparing apples with apples.
Combined fees include
Membership fees per year
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
Annual management fee
Other fees and costs
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.
Combined fees example
On a balanced fund of $12,800 the annual fees would be approximately:
From the March 2017 KiwiSaver provider survey
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.
Help with investment options
Communications to members
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.
Since April 2012
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.
Compare past returns
Last twelve months
The last twelve months refers to April 2016 to March 2017.
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.
More fund details
What’s in this fund
At 31 March 2017
This shows the actual mix of investments that this fund held on 31 March 2017. 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
- Number of members
- Total value of fund
- Date fund started
- 19 Sep 2016
More information can be found at:
Top 10 investments
These assets make up 27.14% of this fund.
|Kind of investment||Country||Percentage of the fund||Name|
|Cash and cash equivalents||NZ||5.65||Anz Cash Deposit|
|Cash and cash equivalents||NZ||4.3||Westpac Cash Deposit|
|New Zealand fixed interest||NZ||3.04||Nz Local Government Funding Agency Ltd 15/12/2017 6.00%|
|Cash and cash equivalents||NZ||2.91||Fonterra Co-Op Group Ltd Rcd 19/04/17|
|Cash and cash equivalents||NZ||2.9||Contact Energy Limited Rcd 19/04/2017|
|Listed Property||NZ||1.92||Kiwi Property Group|
|Listed Property||NZ||1.8||Goodman Property Trust|
|New Zealand fixed interest||NZ||1.73||Nz Local Government Funding Agency Ltd 15/12/2017 6.00%|
|Listed Property||NZ||1.68||Precinct Property Nz|
|Name||Current position||Time in role|
|Kevin Stirrat||Head Of Investment Strategy At Forsyth Barr Limited||11 years, 6 months|
|Craig Alexander||Head Of Funds Management At Forsyth Barr Limited||3 years, 9 months|
|Andy Bowley||Head Of Research At Forsyth Barr Limited||4 years, 11 months|
|Neil Paviour-Smith||Director||9 years, 1 months|
|Martin Hawes||Chairman, Summer Kiwisaver Scheme||0 years, 7 months|