KIWI WEALTH KIWISAVER SCHEME
GROWTH
Kiwi Wealth Limited
Aggressive fund type
Here's what the provider says about this fund:
The Growth Fund is invested up to 100% in shares and other growth assets, but will usually have some invested in fixed interest and cash assets. Its objective is to exceed the returns you would receive from investing 85% of your funds in global shares and 15% of your funds in New Zealand fixed interest assets and cash through active asset allocation and active selection of shares and other growth assets, fixed interest and cash assets.
Combined fees
The combined fees are how much you would have been charged for the year ended 31 March 2018 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
Performance-based fees
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 $15,800 the annual fees would be approximately:
Services
From the September 2018 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.
Compare services
Help with investment options
Communications to members
Other services
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.
Returns
Since April 2013
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 2017 - March 2018
April 2016 - March 2017
April 2015 - March 2016
April 2014 - March 2015
April 2013 - March 2014
April 2012 - March 2013
April 2011 - March 2012
April 2010 - March 2011
April 2009 - March 2010
April 2008 - March 2009
The last twelve months refers to September 2017 to September 2018.
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
Aggressive fund type
Which is the right type for me?
What’s in this fund
At 30 September 2018
This shows the actual mix of investments that this fund held on 30 September 2018. 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
| Cash | Bonds | Property | Shares | Other | |
|---|---|---|---|---|---|
| Assets | 9 | 0.38 | 2.35 | 81.83 | 6.44 |
Fund information
- Number of members
- 61,749
- Total value of fund
- $1,413,939,126
- Date fund started
- 01 Oct 2007
More information
More information can be found at:
Top 10 investments
These assets make up 19.56% of this fund.
| Kind of investment | Country | Percentage of the fund | Name |
|---|---|---|---|
| Cash and cash equivalents | NZ | 4.99 | Westpac Nzd Account |
| International equities | US | 2.32 | Apple Inc. |
| Other | AU | 2.31 | Gmo Systematic Global Macro Trust |
| International equities | US | 1.87 | Microsoft Corp |
| International equities | US | 1.68 | Amazon.Com Inc |
| Other | US | 1.65 | Isam Systematic Trend (Class Q) |
| International equities | US | 1.34 | Alphabet Inc - Class C Shares |
| International equities | US | 1.19 | Unitedhealth Group Inc |
| International equities | US | 1.15 | Visa |
| International equities | US | 1.06 | Bank Of America Corp |
Key personnel
| Name | Current position | Time in role |
|---|---|---|
| Simon O'Grady | Chief Investment Officer - Kiwi Wealth Investments Limited Partnership | 5 years, 11 months |
| Susan Easton | Head Of Investment Strategy - Kiwi Wealth Investments Limited Partnership | 8 years, 9 months |
| Nathan Field | Portfolio Manager, Equities - Kiwi Wealth Investments Limited Partnership | 8 years, 4 months |
| John Carran | Senior Economist - Kiwi Wealth Investments Limited Partnership | 7 years, 1 months |
| Steffan Berridge | Senior Quantitative Strategist - Kiwi Wealth Investments Limited Partnership | 5 years, 0 months |