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Kiwi Wealth KiwiSaver Scheme

Growth

Kiwi Wealth Limited

Growth 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.

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

Combined fees

This fund
1.18%
vs
Average
1.48%

The combined fees are how much you would have been charged for the year ended 30 June 2017 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
$0.00
Average
$31.43

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
1.18%
Average
1.23%
Annual management fee
1.04%
1.01%
Performance-based fees
0.00%
0.00%
Other fees and costs
0.14%
0.22%

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 $12,700 the annual fees would be approximately:

This fund
$149.86
Average
$187.96

Services

From the June 2017 KiwiSaver provider survey

This fund
83%
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. 

Show survey categories

Compare services

Help with investment options

This fund
90%
Average
80%

Communications to members

90%
82%

Other services

57%
79%

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 April 2012

This fund
10.61%
vs
Average
9.58%

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
14.04%
Average
9.54%

April 2016 - March 2017

9.94%
7.69%

April 2015 - March 2016

-3.55%
3.30%

April 2014 - March 2015

21.77%
11.74%

April 2013 - March 2014

17.34%
6.98%

April 2012 - March 2013

9.89%
9.54%

April 2011 - March 2012

-1.25%
-0.10%

April 2010 - March 2011

1.62%
3.47%

April 2009 - March 2010

9.29%
12.57%

April 2008 - March 2009

-12.51%
-9.78%

The last twelve months refers to July 2016 to June 2017.

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 30 June 2017

This shows the actual mix of investments that this fund held on 30 June 2017. 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 10.37 0 2.47 81.06 6.1

Fund information

Number of members
54,409
Total value of fund
$1,058,684,554
Date fund started
01 Oct 2007

More information

More information can be found at:

www.gmi.co.nz

Top 10 investments

These assets make up 36.01% of this fund.

Top 10 investments
Kind of investment Country Percentage of the fund Name
International equities US 11.04 Vanguard Total International Stock Index
International equities US 10.93 Vanguard Total Stock Market Etf
Cash and cash equivalents NZ 5.24 Westpac Nzd Account
Other AU 2.53 Gmo Systematic Global Macro Trust
Other US 1.74 Isam Systematic Trend (Class Q)
Other US 1.14 Man Ahl Pure Momentum
International equities NL 0.9 Ing Group Nv
International equities US 0.87 Jp Morgan Chase
International equities US 0.83 Citigroup Inc
International equities US 0.79 Mcdonalds Corp

Key personnel

Key personnel
Name Current position Time in role
Simon O'Grady Chief Investment Officer - Gareth Morgan Investments Limited Partnership 4 years, 8 months
Susan Easton Head Of Investment Strategy - Gareth Morgan Investments Limited Partnership 7 years, 6 months
Nathan Field Portfolio Manager, Equities - Gareth Morgan Investments Limited Partnership 7 years, 1 months
John Carran Senior Economist - Gareth Morgan Investments Limited Partnership 5 years, 10 months
Steffan Berridge Quantitative Strategist - Gareth Morgan Investments Limited Partnership 3 years, 9 months