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BOOSTER KIWISAVER SCHEME

ASSET CLASS CONSERVATIVE FUND

Conservative fund type

Here's what the provider says about this fund:

The Asset Class Conservative Fund invests mainly in income assets, but includes some growth assets. It is suited to investors looking for a low to medium level of risk and are willing to accept a moderate level of returns.

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

Combined fees

This fund
1.35%
vs
Average
0.97%

The combined fees are how much you would have been charged for the year ended 31 March 2019 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
$27.85

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
1.15%
Average
0.82%
Annual management fee
1.15%
0.75%
Performance-based fees
0.00%
0.00%
Other fees and costs
0.00%
0.10%

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 conservative fund of $17,800 the annual fees would be approximately:

This fund
$240.70
Average
$172.66

Services

From the September 2019 KiwiSaver provider survey

This fund
93%
vs
Average
84%

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
95%
Average
87%

Communications to members

92%
84%

Other services

95%
78%

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 October 2014

This fund
4.17%
vs
Average
4.65%

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
3.41%
Average
4.95%

April 2018 - March 2019

3.18%
3.89%

April 2017 - March 2018

2.76%
3.14%

April 2016 - March 2017

4.84%
3.02%

April 2015 - March 2016

2.76%
2.37%

The last twelve months refers to October 2018 to September 2019.

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

Conservative fund type

Which is the right type for me?

What’s in this fund

At 30 September 2019

This shows the actual mix of investments that this fund held on 30 September 2019. 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 1.97 64.34 5.12 28.57 0

Fund information

Number of members
1,270
Total value of fund
$21,271,126
Date fund started
01 Jul 2014

More information

More information can be found at:

Top 10 investments

These assets make up 100% of this fund.

Top 10 investments
Kind of investment Country Percentage of the fund Name
AU 25.7 Dfa Five Year Diversified Fixed Interest Trust
AU 19.4 Dfa Global Bond Trust
AU 19.23 Dfa Two Year Diversified Fixed Interest Trust - Nzd Hedged
AU 13.57 Dfa Global Core Equity Trust
AU 5.12 Dfa Global Real Estate Trust - Nzd Hedged Class Units
AU 4.71 Dfa Global Core Equity Trust
AU 4.61 Dfa Emerging Markets Trust
NZ 4.28 Nz Core Equity Trust
Cash and cash equivalents NZ 1.97 Nz Cash (Bnz Bank Trust Account)
AU 1.41 Dfa Australian Core Equity Trust

Key personnel

Key personnel
Name Current position Time in role
Bhanu Singh Director And Head Of Asia Pacific Portfolio Management, Dimensional Fund Advisors 4 years, 1 months
Jed Fogdall Head Of Global Portfolio Management And Chair Of The Investment Committee 0 years, 7 months
Joseph Chi Ex Officio Member Of The Investment Committee 0 years, 7 months
Nicholas Stewart Executive Director, Stewart Financial Group Limited 17 years, 4 months
Don Stewart Executive Director, Stewart Financial Group Limited 32 years, 9 months