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NZ FUNDS KIWISAVER SCHEME

LIFECYCLE PROCESS - AGE 65

New Zealand Funds Management Limited

Growth fund type

Here's what the provider says about this fund:

The objective of the LifeCycle Process is to allocate your investment across the three funds (Strategies) in the Scheme based on your age to ensure that your investment is allocated in a manner that is consistent with your investment timeframe. At age 65, your investment will be allocated as follows: 27% to the Income Strategy; 34% to the Inflation Strategy; and 39% to the Growth Strategy.

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

Combined fees

This fund
1.56%
vs
Average
1.40%

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.

Show fees breakdown

Combined fees include

Membership fees per year

This fund
$36.00
Average
$31.76

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
1.34%
Average
1.20%
Annual management fee
1.15%
1.00%
Performance-based fees
0.00%
0.02%
Other fees and costs
0.19%
0.19%

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 $16,400 the annual fees would be approximately:

This fund
$255.76
Average
$229.60

Services

From the September 2018 KiwiSaver provider survey

This fund
95%
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
86%
Average
77%

Communications to members

100%
84%

Other services

100%
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 April 2014

This fund
4.67%
vs
Average
8.10%

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
4.05%
Average
6.66%

April 2017 - March 2018

3.69%
7.16%

April 2016 - March 2017

6.98%
7.15%

April 2015 - March 2016

-3.99%
2.76%

April 2014 - March 2015

13.39%
9.31%

April 2013 - March 2014

7.25%
5.11%

April 2012 - March 2013

10.55%
7.17%

April 2011 - March 2012

-0.68%
-0.24%

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.

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 13.5 22.67 1.31 62.25 0.27

Fund information

Number of members
100
Total value of fund
$3,984,122
Date fund started
01 Nov 2010

More information

More information can be found at:

www.nzfunds.co.nz

Top 10 investments

These assets make up 49.79% of this fund.

Top 10 investments
Kind of investment Country Percentage of the fund Name
Cash and cash equivalents NZ 21.21 Westpac 32 Day Term Deposit
Cash and cash equivalents NZ 5.74 Westpac Current Account
Cash and cash equivalents GB 5.26 Goldman Sachs Nzd Margin Account
International equities KY 4.91 Suvretta Offshore Fund
Cash and cash equivalents NZ 3.18 Westpac Usd Current Account
Cash and cash equivalents KY 3.03 Amounts Receivable From External Fund
Australasian equities NZ 1.82 Meridian Energy
Australasian equities NZ 1.75 Contact Energy
International fixed interest CA 1.47 Bausch Health 4.5% 15/05/2023
New Zealand fixed interest NZ 1.42 Vector 4.996% 14/03/2024

Key personnel

Key personnel
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
David Wilson Chief Operating Officer - Investments And A Principal 0 years, 4 months
Mark Brooks Head Of Income And A Principal 11 years, 4 months
David Haslam Senior Dealer 2 years, 3 months