Booster Asset Class Balanced Fund
In their own words: "The Asset Class Balanced Fund invests in a mix of income assets and growth assets. It is suited to investors looking for a medium level of risk and are willing to accept a moderate to potentially high level of returns."
At a glance:
Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.
Annual fees, including membership and % management fee.
A summary of this fund and it's details.
|Name||Booster Asset Class Balanced Fund|
|Risk profile||Balanced fund|
|Description||The Asset Class Balanced Fund invests in a mix of income assets and growth assets. It is suited to investors looking for a medium level of risk and are willing to accept a moderate to potentially high level of returns.|
|Market index description||The market index return is based on the weighted average return of the market indices used in respect of the underlying asset classes as described in the Statement of Investment Policy and Objectives.|
|Disclosure Statement Period||Tue Dec. 31st 2019|
|Fund started||Fri Sept. 29th 2017|
|Three-year average return||*3.32%|
|Market index past year return||18.79%|
|Past year return net charges and tax||13.45%|
|Past year return net of charges gross of tax||14.86%|
|Market index return since fund started||8.97%|
|Return since fund started net||4.56%|
|Total annual fund fees||1.22%|
|Total performance based fees||0.0%|
|Manager's basic fee||1.22%|
|Total other charges||36.0|
|Total other charges currency||NZD|
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:
DFA Global Bond Trust – NZD Hedged
DFA Global Core Equity Trust – NZD Hedged
DFA Five Year Diversified Fixed Interest Trust – NZD Hedged
DFA Emerging Markets Trust
DFA Global Large Company Trust
NZ Core Equity Trust
New Zealand Fund8.31%
DFA Global Value Trust
DFA Global Real Estate Trust - NZD Hedged Class Units
DFA Two Year Diversified Fixed Interest Trust - NZD Hedged
DFA Global Small Company Trust
How the money in this fund is invested against the fund's targets.
|Cash and Cash Equivalents||2.0%||1.85%|
|New Zealand Fixed Interest||0.0%||0.0%|
|International Fixed Interest||38.0%||38.26%|
Currently: Portfolio Manager - Australasian Equities, Booster Financial Services Limited (2 years, 2 months)
Previously: Equity Analyst, Booster Financial Services Limited (5 years, 9 months)
Currently: Managing Director, Booster Financial Services Limited (21 years, 7 months)
Previously: Associate Director, Barclays Bank plc (2 years, 0 months)
Currently: Director and Head of Asia Pacific Portfolio Management, Dimensional Fund Advisors (4 years, 4 months)
Previously: Portfolio Manager, Dimensional Fund Advisors (5 years, 3 months)
Currently: Principal, Booster Financial Services Limited (1 years, 7 months)
Previously: CIO, Booster Financial Services Limited (17 years, 6 months)
Currently: Executive Director, Stewart Financial Group Limited (33 years, 0 months)
Previously: Financial Adviser, National Mutual Limited (13 years, 8 months)
Currently: Head of Global Portfolio Management and Chair of the Investment Committee, Dimensional Fund Advisors (0 years, 10 months)
Previously: Co-Head of Portfolio Management and Vice President, Dimensional Fund Advisors (7 years, 0 months)
Currently: Head of Responsible Investment and ex officio member of the Corporate Governance Committee, Dimensional Fund Advisors (0 years, 2 months)
Previously: Ex officio member of the Investment Committee, Dimensional Fund Advisors (0 years, 11 months)
Currently: Senior Manager - Research, Booster Financial Services Limited (1 years, 7 months)
Previously: Research Manager, Booster Financial Services Limited (4 years, 2 months)
Currently: Executive Director, Stewart Financial Group Limited (17 years, 7 months)
Previously: Wealth Manager, Stewart Financial Group Limited (1 years, 9 months)
Currently: Portfolio Manager - Global Equities, Booster Financial Services Limited (2 years, 2 months)
Previously: Senior Equity Analyst, Booster Financial Services Limited (7 years, 4 months)
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 concernIs it excluded?Portfolio analysis
Human Rights & Environmental Violations:0.65%
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:
Reliance Industries 0.31%
Petroleo Brasileiro Sa Petrobras 0.14%
Lukoil Pjsc 0.11%
Gazprom Pjsc 0.09%
BHP Group Ltd 0.11%
Woodside Petroleum 0.05%
Human Rights & Environmental Violations
Vale Sa 0.22%
Petroleo Brasileiro Sa Petrobras 0.14%
BHP Group Ltd 0.11%
Download the fund's disclosure statement and portfolio holdings.