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NZ FUNDS KIWISAVER SCHEME

LIFECYCLE PROCESS - AGE 75

Balanced 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 75, your investment will be allocated as follows: 35% to the Income Strategy; 34% to the Inflation Strategy; and 31% 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
1.88%
vs
Average
1.32%

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.

Show fees breakdown

Combined fees include

Membership fees per year

This fund
$36.00
Average
$30.07

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
1.64%
Average
1.12%
Annual management fee
1.13%
0.91%
Performance-based fees
0.00%
0.04%
Other fees and costs
0.51%
0.20%

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 balanced fund of $15,200 the annual fees would be approximately:

This fund
$285.28
Average
$200.64

Services

From the September 2018 KiwiSaver provider survey

This fund
99%
vs
Average
85%

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
100%
Average
87%

Communications to members

97%
85%

Other services

100%
83%

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 January 2014

This fund
3.19%
vs
Average
5.48%

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
-3.98%
Average
-1.64%

April 2017 - March 2018

3.39%
5.26%

April 2016 - March 2017

6.28%
4.93%

April 2015 - March 2016

-2.89%
2.94%

April 2014 - March 2015

11.89%
7.60%

April 2013 - March 2014

6.24%
4.32%

April 2012 - March 2013

9.73%
6.30%

April 2011 - March 2012

-0.09%
0.99%

The last twelve months refers to December 2017 to December 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.

Must-knows of KiwiSaver returns.

More fund details

Balanced fund type

Which is the right type for me?

What’s in this fund

At 31 December 2018

This shows the actual mix of investments that this fund held on 31 December 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

How this fund invests your money
Cash Bonds Property Shares Other
Assets 9.01 32.13 1.65 55.5 1.71

Fund information

Number of members
14
Total value of fund
$343,032
Date fund started
01 Nov 2010

More information

More information can be found at:

Top 10 investments

These assets make up 40.48% of this fund.

Top 10 investments
Kind of investment Country Percentage of the fund Name
Cash and cash equivalents NZ 12.88 Westpac 32 Day Term Deposit
Cash and cash equivalents GB 5.55 Goldman Sachs Nzd Margin Account
International equities KY 4.24 Suvretta Offshore Fund
Cash and cash equivalents NZ 3.6 Westpac Current Account
Australasian equities NZ 3.02 Fletcher Building
International equities KY 2.67 Impala Resource Fund
International equities US 2.37 Rio Tinto Plc Adr
Australasian equities NZ 2.25 Meridian Energy
New Zealand fixed interest NZ 2.06 Vector 4.996% 14/03/2024
International fixed interest AU 1.84 Crown Subordinated Notes 23/04/2075

Key personnel

Key personnel
Name Current position Time in role
Michael Lang Chief Executive And A Director 0 years, 3 months
David Wilson Chief Operating Officer - Investments And A Principal 0 years, 1 months
James Grigor Chief Investment Officer And A Principal 0 years, 1 months
Mark Brooks Head Of Income And A Principal 11 years, 1 months
Josh Wilson Senior Portfolio Manager And A Principal 0 years, 9 months