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BOOSTER KIWISAVER SCHEME

SOCIALLY RESPONSIBLE INVESTMENT GROWTH FUND

Booster Financial Services

Growth fund type

Here's what the provider says about this fund:

The Socially Responsible Investment Growth Fund invests predominantly in growth assets, with little or no income assets. It excludes investments which do not satisfy certain socially responsible investment criteria. It is suited to investors looking for an investment that reflects their personal values, who are comfortable with a high level of risk in order to potentially achieve higher returns. This fund has been certified by the Responsible Investment Association Australasia (RIAA).

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

Combined fees

This fund
1.54%
vs
Average
1.32%

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.

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Combined fees include

Membership fees per year

This fund
$36.00
Average
$31.88

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
1.13%
Annual management fee
1.17%
0.98%
Performance-based fees
0.00%
0.02%
Other fees and costs
0.16%
0.14%

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 $17,000 the annual fees would be approximately:

This fund
$262.10
Average
$224.40

Services

From the May 2019 KiwiSaver provider survey

This fund
80%
vs
Average
81%

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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Compare services

Help with investment options

This fund
78%
Average
77%

Communications to members

75%
84%

Other services

93%
82%

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 2014

This fund
9.19%
vs
Average
8.46%

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
8.01%
Average
6.00%

April 2018 - March 2019

8.9%
6.53%

April 2017 - March 2018

7.95%
7.07%

April 2016 - March 2017

8.86%
6.54%

April 2015 - March 2016

4.19%
2.77%

April 2014 - March 2015

11.80%
9.30%

April 2013 - March 2014

1.30%
4.88%

April 2012 - March 2013

14.63%
6.78%

April 2011 - March 2012

-7.11%
-0.06%

The last twelve months refers to July 2018 to June 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

Growth fund type

Which is the right type for me?

What’s in this fund

At 31 March 2019

This shows the actual mix of investments that this fund held on 31 March 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 7.05 4.82 3.93 84.2 0

Fund information

Number of members
3,266
Total value of fund
$59,080,414
Date fund started
21 May 2010

More information

More information can be found at:

www.booster.co.nz

Top 10 investments

These assets make up 57.2% of this fund.

Top 10 investments
Kind of investment Country Percentage of the fund Name
DE 31.76 Ubs Msci World Socially Responsible Ucits Etf
US 7.98 Vaneck Vectors Msci International Sustainable Equity Etf
AU 2.78 Vanguard Ethically Conscious Gbl Agg Bond Index Fund Nzd Hgd
Australasian equities NZ 2.69 The A2 Milk Company Limited
Cash and cash equivalents NZ 2.34 Nz Cash (Bnz Bank Trust Account)
Australasian equities NZ 2.23 Auckland International Airport Limited
Australasian equities NZ 1.99 Fisher & Paykel Healthcare Corporation Ltd
AU 1.9 Vanguard Int'L Prop Sec. Index Fund (Aud Hgd)
Australasian equities NZ 1.81 Spark New Zealand Limited
International equities US 1.72 Microsoft Corporation

Key personnel

Key personnel
Name Current position Time in role
David Beattie Principal, Booster Financial Services Limited 1 years, 1 months
Nic Craven Senior Manager - Research, Booster Financial Services Limited 1 years, 1 months
Allan Yeo Managing Director, Booster Financial Services Limited 21 years, 1 months
Rowan Calvert Portfolio Manager - Global Equities, Booster Financial Services Limited 1 years, 8 months
Aaron Usher Portfolio Manager - Australasian Equities, Booster Financial Services Limited 1 years, 8 months