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Summer KiwiSaver Scheme

Summer New Zealand Fixed Interest

Forsyth Barr Investment Management Limited

Defensive fund type

Here's what the provider says about this fund:

The fund invests in selected New Zealand fixed interest assets. We aim to achieve positive long-term returns. These kinds of investments will typically have low levels of movement up and down in value.

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
0.90%

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
$36.00
Average
$29.10

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
0.90%
Average
0.67%
Annual management fee
0.90%
0.50%
Performance-based fees
0.00%
0.00%
Other fees and costs
0.00%
0.12%

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 defensive fund of $12,700 the annual fees would be approximately:

This fund
$150.30
Average
$114.30

Services

From the June 2017 KiwiSaver provider survey

This fund
72%
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. 

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Help with investment options

This fund
76%
Average
80%

Communications to members

73%
82%

Other services

63%
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
No 5-year
data yet
vs
Average
2.39%

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
No 1-year data yet
Average
1.48%

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

Defensive 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 9.27 90.73 0 0 0

Fund information

Number of members
432
Total value of fund
$5,614,049
Date fund started
19 Sep 2016

More information

More information can be found at:

www.forsythbarr.co.nz

Top 10 investments

These assets make up 40.1% of this fund.

Top 10 investments
Kind of investment Country Percentage of the fund Name
Cash and cash equivalents NZ 5.74 Anz Cash Deposit
New Zealand fixed interest NZ 4.83 New Zealand Local Government Funding Agency Ltd 15/04/2020 3.00%
New Zealand fixed interest NZ 4.67 Transpower New Zealand Ltd 30/06/2022 4.30%
New Zealand fixed interest NZ 4.24 Auckland Council 29/09/2017 6.52%
New Zealand fixed interest NZ 3.88 New Zealand Local Government Funding Agency Ltd 15/12/2017 6.00%
New Zealand fixed interest NZ 3.69 Bank Of New Zealand Subordinated Note 17/12/2025 5.314%
Cash and cash equivalents NZ 3.52 Westpac Cash Deposit
New Zealand fixed interest NZ 3.36 Anz Bank New Zealand Ltd 25/09/2020 4.03%
New Zealand fixed interest NZ 3.27 New Zealand Local Government Funding Agency Ltd 15/04/2023 5.50%
New Zealand fixed interest NZ 2.9 Sky City Entertainment Group Ltd 28/09/2022 4.65%

Key personnel

Key personnel
Name Current position Time in role
Kevin Stirrat Head Of Investment Strategy At Forsyth Barr Limited 11 years, 9 months
Craig Alexander Head Of Funds Management At Forsyth Barr Limited 4 years, 0 months
Malcolm Davie Equity Portfolio Manager At Forsyth Barr Limited 3 years, 2 months
Rob Mercer Head Of Private Wealth Research At Forsyth Barr Limited 5 years, 1 months
Neil Paviour-Smith Director 9 years, 4 months