BOOSTER KIWISAVER SCHEME
SHIELDED GROWTH FUND
Booster Financial Services
Aggressive fund type
Here's what the provider says about this fund:
The Shielded Growth Fund invests predominantly in growth assets and uses options contracts to partially ‘shield’ the fund against (limit the impact of) more significant short-term downward movements of the value of the fund’s investments. It is suited to investors who are comfortable with a medium to high level of risk in order to potentially achieve relatively higher returns, but who are willing to forgo some return due to the cost of the options strategy.
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.
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 an aggressive fund of $24,200 the annual fees would be approximately:
From the September 2021 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 October 2016
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
April 2019 - March 2020
The last twelve months refers to October 2020 to September 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.
More fund details
What’s in this fund
At 30 September 2021
This shows the actual mix of investments that this fund held on 30 September 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
- Number of members
- Total value of fund
- Date fund started
- 31 May 2018
More information can be found at:
Top 10 investments
These assets make up 50.9% of this fund.
|Kind of investment||Country||Percentage of the fund||Name|
|AU||31.21||Vanguard Int'L Shares Select Exclusions Fund - Nzd Hgd|
|AU||6.32||Vanguard Emerging Markets Share Index Fund|
|Australasian equities||NZ||2.56||Fisher & Paykel Healthcare Corporation Ltd|
|Cash and cash equivalents||NZ||2.19||Nz Cash (Bnz Bank Trust Account)|
|AU||2.01||Vanguard Int'L Prop Sec. Index Fund (Aud Hgd)|
|Australasian equities||NZ||1.67||Auckland International Airport Limited|
|US||1.51||Vanguard Esg Us Stock Etf|
|Australasian equities||NZ||1.24||Spark New Zealand Limited|
|Australasian equities||NZ||1.13||Mainfreight Limited|
|AU||1.06||Ishares S&P/Asx Small Ordinaries Etf|
|Name||Current position||Time in role|
|Nic Craven||Chief Investment Officer, Booster Financial Services Limited||0 years, 2 months|
|David Beattie||Principal, Booster Financial Services Limited||3 years, 4 months|
|Allan Yeo||Managing Director, Booster Financial Services Limited||23 years, 4 months|
|Aaron Usher||Portfolio Strategy Manager, Booster Financial Services Limited||0 years, 2 months|
|Rowan Calvert||Portfolio Manager - Global Equities, Booster Financial Services Limited||3 years, 11 months|