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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.

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

Combined fees

This fund
1.48%
vs
Average
1.10%

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
$23.86

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
1.33%
Average
1.00%
Annual management fee
1.27%
0.80%
Performance-based fees
0.00%
0.02%
Other fees and costs
0.06%
0.16%

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 an aggressive fund of $24,200 the annual fees would be approximately:

This fund
$357.86
Average
$266.20

Services

From the September 2021 KiwiSaver provider survey

This fund
91%
vs
Average
77%

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

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Help with investment options

This fund
85%
Average
76%

Communications to members

96%
77%

Other services

87%
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 2016

This fund
No 5-year
data yet
vs
Average
10.79%

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
16.50%
Average
21.45%

April 2019 - March 2020

-2.16%
-4.95%

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.

Must-knows of KiwiSaver returns.

More fund details

Aggressive fund type

Which is the right type for me?

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

How this fund invests your money
Cash Bonds Property Shares Other
Assets 6.99 2.36 4.34 86.31 0

Fund information

Number of members
445
Total value of fund
$7,663,791
Date fund started
31 May 2018

More information

More information can be found at:

www.booster.co.nz

Top 10 investments

These assets make up 50.9% of this fund.

Top 10 investments
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

Key personnel

Key personnel
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