Summer KiwiSaver Scheme
Summer Growth Selection

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

At a glance:

Not Mindful
Type: Unknown
Past Returns: -

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

Annual Fees: 0.9%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND13671
Name Summer Growth Selection
Risk profile Unknown
Description We aim to achieve positive long-term returns by choosing a lesser exposure to cash and fixed interest investments and a greater exposure to equity and property investments. Investors can expect moderate to high levels of movement up and down in value and to receive longer-term returns that are higher than those of Summer Balanced Selection.
Value $5.4M NZD
Members 185
Market index description Composite index, made up of the indices used to measure the performance of each asset class invested in
Disclosure Statement Period Sun June 30th 2019
Fund started Sat April 6th 2019
Three-year average return -
Market index past year return 10.48%
Past year return net charges and tax None%
Past year return net of charges gross of tax None%
Market index return since fund started 4.11%
Return since fund started net %
Total annual fund fees 0.9%
Total performance based fees 0.0%
Manager's basic fee 0.88%
Administration charges 0.02%
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 June 2019.

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

Year Market Index 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 June 2019.

Showing the top 10 investments for this fund:

  • ANZ Transactional Bank Account
    New Zealand Cash and Equivalents AA-
    11.23%
  • Jp Morgan Chase & Co. USD Cash Deposit
    United States Cash and Equivalents A-
    2.12%
  • Meridian Energy Limited
    New Zealand Australasian Equities N/A
    1.88%
  • The A2 Milk Company Limited
    New Zealand Australasian Equities
    1.76%
  • Infratil Limited
    New Zealand Australasian Equities NA
    1.56%
  • BHP Group Limited
    Australia Australasian Equities
    1.56%
  • Siemens Ag-Reg
    Germany International Equities N/A
    1.46%
  • Genesis Energy Limited
    New Zealand Australasian Equities N/A
    1.41%
  • Mainfreight Limited
    New Zealand Australasian Equities NA
    1.41%
  • Spark New Zealand Limited
    New Zealand Australasian Equities N/A
    1.38%

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

How the money in this fund is invested.

Type Target Actual
Cash and Cash Equivalents 7.0% 14.73%
New Zealand Fixed Interest 9.0% 11.76%
International Fixed Interest 4.0% 1.99%
Australasian Equities 38.0% 35.95%
International Equities 37.0% 30.99%
Listed Properties 5.0% 4.58%
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 June 2019.

Key Personnel

  • Andy Bowley

    Currently: Director (4 years, 4 months)
    Previously: Head of Research at Forsyth Barr Limited (current) (7 years, 1 months)

  • Craig Alexander

    Currently: Head of Funds Management at Forsyth Barr Limited (6 years, 0 months)
    Previously: Head of Fixed Interest at Tower Investments (5 years, 2 months)

  • Kevin Stirrat

    Currently: Head of Investment Strategy at Forsyth Barr Limited (13 years, 10 months)
    Previously: Director at Deutsche Bank (11 years, 2 months)

  • Malcolm Davie

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

  • Martin Hawes

    Currently: Chair, Summer Investment Committee (2 years, 10 months)
    Previously: Authorised Financial Adviser (current) (8 years, 0 months)

  • Neil Paviour-Smith

    Currently: Director (11 years, 4 months)
    Previously: Managing Director at Forsyth Barr Limited (current) (18 years, 6 months)

  • Rob Mercer

    Currently: Head of Private Wealth Research at Forsyth Barr Limited (7 years, 1 months)
    Previously: Head of Research at Forsyth Barr Limited (11 years, 4 months)

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

The known proportion of this fund invested in the areas of concern that we track. The Fund may have investments that are not consistent with their exclusions policy because of timing issues or because there are companies of concern in indirect investments.

  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    1.81%
  • Animal Testing:
    1.51%
  • Fossil Fuels:
    2.46%
  • Gambling:
    1.04%
  • GMOs:
    0.85%
  • Human Rights & Environmental Violations:
    1.09%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data has been compiled by Mindful Money from the portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2019 and Mindful Money analysis of funds within those portfolio. 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.

Does this fund have a policy to exclude any industries from its investments?

  • Adult Entertainment/Pornography:
  • Alcohol:
  • Animal Testing:
  • Fossil Fuels:
  • Gambling:
  • GMOs:
  • Human Rights & Environmental Violations:
  • Palm Oil:
  • Tobacco:
  • Weapons:

This data is compiled from Mindful Money analysis of Fund websites. 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.

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.

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital investment. Past returns are not a guide to future returns. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.