NZ FUNDS KIWISAVER SCHEME
New Zealand Funds Management Limited
Defensive fund type
Here's what the provider says about this fund:
The objective of the Income Strategy is to provide exposure to income assets using an active management approach. It is anticipated that the fund will mainly hold cash and cash equivalents, and Australasian and international bonds. It may also invest in other permitted assets.
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.
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 a defensive fund of $16,400 the annual fees would be approximately:
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.
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 April 2014
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
The last twelve months refers to April 2018 to March 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.
More fund details
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
- Number of members
- Total value of fund
- Date fund started
- 01 Nov 2010
More information can be found at:
Top 10 investments
These assets make up 54.56% of this fund.
|Kind of investment||Country||Percentage of the fund||Name|
|Cash and cash equivalents||NZ||13.46||Westpac 32 Day Term Deposit|
|Cash and cash equivalents||NZ||10.2||Westpac Current Account|
|New Zealand fixed interest||NZ||5.27||Vector 4.996% 14/03/2024|
|New Zealand fixed interest||NZ||4.29||Insurance Australia Group 5.15% 15/06/2043|
|International fixed interest||US||4.17||Microsoft 3.3% 06/02/2027|
|International fixed interest||AU||4.06||Bluescope Steel Finance Usa 4.625% 25/05/2023|
|New Zealand fixed interest||NZ||3.5||Westpac Banking 4.695% 01/09/2026|
|International fixed interest||US||3.47||Icahn Enter/Fin Iep 5.875% 01/02/2022|
|New Zealand fixed interest||NZ||3.18||Wel Networks 4.9% 02/08/2023|
|International fixed interest||US||2.96||American Homes 4 Rent 4.9% 15/02/2029|
|Name||Current position||Time in role|
|Michael Lang||Chief Executive And A Director||0 years, 6 months|
|James Grigor||Chief Investment Officer And A Principal||0 years, 4 months|
|Mark Brooks||Head Of Income And A Principal||11 years, 4 months|
|David Wilson||Chief Operating Officer - Investments And A Principal||0 years, 4 months|
|David Haslam||Senior Dealer||2 years, 3 months|