Summer KiwiSaver Scheme
Summer Conservative Selection

In their own words: "We aim to achieve positive long-term returns by choosing a greater exposure to cash and fixed interest investments and a lesser exposure to equity and property investments. Investors can expect low to moderate levels of movement up and down in value and to receive longer-term returns that are lower than those of Summer Balanced Selection."

At a glance:

Not Mindful
Type: Conservative fund
Past Returns: * -- %

Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.

Annual Fees: 0.76%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND13670
Name Summer Conservative Selection
Risk profile Conservative fund
Description We aim to achieve positive long-term returns by choosing a greater exposure to cash and fixed interest investments and a lesser exposure to equity and property investments. Investors can expect low to moderate levels of movement up and down in value and to receive longer-term returns that are lower than those of Summer Balanced Selection.
Value $2.7M NZD
Members 137
Market index description Composite index, made up of the indices used to measure the performance of each asset class invested in
Disclosure Statement Period Mon Sept. 30th 2019
Fund started Mon April 8th 2019
Three-year average return * -- %
Market index past year return 8.76%
Past year return net charges and tax None%
Past year return net of charges gross of tax None%
Market index return since fund started 5.54%
Return since fund started net %
Total annual fund fees 0.76%
Total performance based fees 0.0%
Manager's basic fee 0.67%
Administration charges 0.09%
Total other charges 36.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return

The market index is the average NZ KiwiSaver return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Showing the top 10 investments for this fund:

  • ANZ Transactional Bank Account
    New Zealand Cash and Equivalents AA-
    15.73%
  • New Zealand Local Government Funding Agency Ltd 15/04/2025 2.75%
    New Zealand NZ Fixed Interest AA+
    2.14%
  • New Zealand Local Government Funding Agency Ltd 15/04/2027 4.50%
    New Zealand NZ Fixed Interest AA+
    2.02%
  • Vector Ltd 14/03/2024 4.996%
    New Zealand NZ Fixed Interest BBB
    1.46%
  • Housing New Zealand 3.36% 12/06/2025
    New Zealand NZ Fixed Interest AA+
    1.42%
  • Port Of Tauranga Limited 4.792% 29/01/2021
    New Zealand NZ Fixed Interest BBB+
    1.31%
  • Kiwi Property Group Limited
    New Zealand Listed Property N/A
    1.29%
  • Christchurch International Airport Ltd 06/12/2019 5.15%
    New Zealand NZ Fixed Interest A-
    1.28%
  • New Zealand Local Government Funding Agency Ltd 14/04/2033 3.50%
    New Zealand NZ Fixed Interest AA+
    1.17%
  • Housing New Zealand 3.42% 18/10/2028
    New Zealand NZ Fixed Interest AA+
    1.15%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 23.0% 15.8%
New Zealand Fixed Interest 31.0% 46.34%
International Fixed Interest 16.0% 10.92%
Australasian Equities 13.0% 12.55%
International Equities 12.0% 8.6%
Listed Properties 5.0% 5.79%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Key Personnel

  • Andy Bowley

    Currently: Director (4 years, 7 months)
    Previously: Head of Research at Forsyth Barr Limited (current) (7 years, 4 months)

  • Craig Alexander

    Currently: Co-Head of Funds Management,Forsyth Barr Limited (6 years, 3 months)
    Previously: Head of Fixed Interest,Tower Investments (5 years, 2 months)

  • Kevin Stirrat

    Currently: Director/Strategy, Wealth Management Research,Forsyth Barr Limited (0 years, 2 months)
    Previously: Head of Investment Strategy, Forsyth Barr Limited (13 years, 11 months)

  • Malcolm Davie

    Currently: Equity Portfolio Manager at Forsyth Barr Limited (5 years, 6 months)
    Previously: Head of Investment Management at First NZ Capital (7 years, 3 months)

  • Martin Hawes

    Currently: Chair, Summer Investment Committee (3 years, 1 months)
    Previously: Authorised Financial Adviser (current) (8 years, 3 months)

  • Neil Paviour-Smith

    Currently: Director (11 years, 7 months)
    Previously: Managing Director at Forsyth Barr Limited (current) (18 years, 9 months)

  • Rob Mercer

    Currently: Director/Equities, Wealth Management Research,Forsyth Barr Limited (0 years, 2 months)
    Previously: Head of Private Wealth Research, Forsyth Barr Limited (7 years, 2 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.44%
  • Animal Testing:
    0.59%
  • Fossil Fuels:
    0.76%
  • Gambling:
    0.95%
  • GMOs:
    0.27%
  • Human Rights & Environmental Violations:
    0.42%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.01%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

Note that many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons

Specific companies invested in:

Fossil Fuel

BHP Group Limited 0.42%
Woodside Petroleum Limited 0.12%
South32 Limited 0.05%
Petrobras Global Finance Sr Unsec Regs 0.04%
Nextera Energy Capital Sr Unsec 0.03%
Eqt Corp Sr Unsec 0.01%
Enbridge Inc Sr Unsec 0.01%
Dominion Energy Gas Hldg Sr Unsec 0.02%
Petrobras Global Finance Sr Unsec 0.01%
Energy Transfer Operatng Sr Unsec 0.01%

Weapons

United Technologies Corp Sr Unsec 0.01%

Gambling

Sky City Entertainment Group Ltd 28/09/2022 4.65% 0.62%
Skycity Entertainment Group Limited 0.31%
Sands China Ltd Sr Unsec 0.02%

Alcohol

Delegat Group Limited 0.26%
Lvmh Moet Hennessy- Louis Vuitton 0.17%
Bacardi Ltd Nt 144A 0.01%

GMOs

Bayer Ag 0.25%
Syngenta Finance Nv Sr Unsec 144A 0.02%

Human Rights & Environmental Violations

BHP Group Limited 0.42%

Animal Testing

Bayer Ag 0.250%
Lvmh Moet Hennessy- Louis Vuitton 0.170%
Reckitt Benckiser Tsy Sr Unsec 144A 0.050%
Tesco Prop Fin 6 Plc 0.050%
Syngenta Finance Nv Sr Unsec 144A 0.020%
Bayer US Finance Ii Llc Sr Unsec 144A 0.020%
Danone Sa Sr Unsec 144A 0.020%
General Mills Inc Sr Unsec 0.010%

Download the fund's disclosure statement and portfolio holdings.

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.