Summer KiwiSaver Scheme
Summer Australian Equities
In their own words: "The fund invests in selected Australian shares. We aim to achieve positive long-term returns. These kinds of investments will typically have very high levels of movement up and down in value."
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||Summer Australian Equities|
|Risk profile||Aggressive fund|
|Description||The fund invests in selected Australian shares. We aim to achieve positive long-term returns. These kinds of investments will typically have very high levels of movement up and down in value.|
|Market index description||S&P/ASX 200 Accumulation Index 50% hedged to the NZD|
|Disclosure Statement Period||Sun June 30th 2019|
|Fund started||Mon Sept. 19th 2016|
|Three-year average return||*3.20%|
|Market index past year return||9.19%|
|Past year return net charges and tax||-0.49%|
|Past year return net of charges gross of tax||0.68%|
|Market index return since fund started||12.33%|
|Return since fund started net||8.41%|
|Total annual fund fees||0.9%|
|Total performance based fees||0.0%|
|Manager's basic fee||0.9%|
|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 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:
BHP Group Limited
Australia Australasian Equities10.19%
Westpac Banking Corporation
Australia Australasian Equities N/A8.72%
ANZ Transactional Bank Account
New Zealand Cash and Equivalents AA-7.95%
National Australia Bank Limited
Australia Australasian Equities N/A6.41%
Commonwealth Bank Of Australia Limited
Australia Australasian Equities N/A5.45%
Coles Group Limited
Australia Australasian Equities N/A4.69%
Woodside Petroleum Limited
Australia Australasian Equities N/A4.63%
Macquarie Group Limited
Australia Australasian Equities N/A4.35%
Australia Australasian Equities N/A4.3%
Rio Tinto Limited
Australia Australasian Equities N/A4.08%
How the money in this fund is invested.
|Cash and Cash Equivalents||5.0%||11.28%|
|New Zealand Fixed Interest||0.0%||0.0%|
|International Fixed Interest||0.0%||0.0%|
Currently: Director (4 years, 4 months)
Previously: Head of Research at Forsyth Barr Limited (current) (7 years, 1 months)
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)
Currently: Head of Investment Strategy at Forsyth Barr Limited (13 years, 10 months)
Previously: Director at Deutsche Bank (11 years, 2 months)
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)
Currently: Chair, Summer Investment Committee (2 years, 10 months)
Previously: Authorised Financial Adviser (current) (8 years, 0 months)
Currently: Director (11 years, 4 months)
Previously: Managing Director at Forsyth Barr Limited (current) (18 years, 6 months)
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)
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.
Human Rights & Environmental Violations:14.06%
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?
Human Rights & Environmental Violations:
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.