Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
Annual fees, including any membership and % management fee.
The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.
BHP Group Limited 1.01%
Viva Energy Group Limited 0.29%
South32 Limited 0.26%
Woodside Petroleum Limited 0.20%
Santos Limited 0.05%
Petrobras Global Finance Sr Unsec Regs 0.03%
Enbridge Inc Sr Unsec 0.02%
Nextera Energy Capital Sr Unsec 0.02%
Diamondback Energy Inc Sr Unsec 0.01%
Dominion Energy Gas Hldg Sr Unsec 0.01%
Petrobras Global Finance Sr Unsec 0.01%
Energy Transfer Operatng Sr Unsec 0.01%
Eqt Corp Sr Unsec 0.01%
Sky City Entertainment Group Ltd 28/09/2022 4.65% 0.30%
Skycity Entertainment Group Limited 0.23%
Aristocrat Leisure Limited 0.11%
Las Vegas Sands Corp Sr Unsec 0.02%
Sands China Ltd Sr Unsec 0.01%
Lvmh Moet Hennessy- Louis Vuitton 0.88%
Delegat Group Limited 0.29%
Treasury Wine Estates Limited 0.23%
Bacardi Ltd Nt 144A 0.01%
Bayer Ag 0.49%
Syngenta Finance Nv Sr Unsec 144A 0.02%
Human Rights & Environmental Violations
BHP Group Limited 1.01%
Rio Tinto Limited 0.43%
Lvmh Moet Hennessy- Louis Vuitton 0.880%
Bayer Ag 0.490%
Reckitt Benckiser Tsy Sr Unsec 144A 0.040%
Tesco Prop Fin 6 Plc 0.040%
Syngenta Finance Nv Sr Unsec 144A 0.020%
Bayer US Finance Ii Llc Sr Unsec 144A 0.010%
Danone Sa Sr Unsec 144A 0.010%
General Mills Inc Sr Unsec 0.010%
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2020 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.
A summary of this fund and its details.
|Name||Summer Balanced Selection|
|Risk profile||Balanced fund|
|Description||We aim to achieve positive long-term returns by choosing a mix of cash, fixed interest, 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 the Summer Conservative Selection but lower than those of the Summer Growth Selection.|
|Market index description||Composite index, made up of the indices used to measure the performance of each asset class invested in|
|Disclosure Statement Period||Tue March 31st 2020|
|Fund started||Mon Sept. 19th 2016|
|Three-year average return||4.33%|
|Market index past year return||-0.90%|
|Past year return net charges and tax||-0.55%|
|Past year return net of charges gross of tax||0.18%|
|Market index return since fund started||5.57%|
|Return since fund started net||4.63%|
|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|
Currently: Co-Head of Funds Management,Forsyth Barr Limited (6 years, 9 months)
Previously: Head of Fixed Interest,Tower Investments (5 years, 2 months)
Currently: Co-Head of Funds Management,Forsyth Barr Limited (0 years, 6 months)
Previously: Portfolio Manager Australasian Listed Infrastructure, ACC (6 years, 2 months)
Currently: Director/Strategy, Wealth Management Research,Forsyth Barr Limited (0 years, 8 months)
Previously: Head of Investment Strategy, Forsyth Barr Limited (13 years, 11 months)
Currently: Chair, Summer Investment Committee (3 years, 7 months)
Previously: Authorised Financial Adviser (current) (8 years, 9 months)
Currently: Director (12 years, 1 months)
Previously: Managing Director at Forsyth Barr Limited (current) (19 years, 3 months)
Currently: Director/Equities, Wealth Management Research,Forsyth Barr Limited (0 years, 8 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 31 March 2020 .
Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.
|Year||Market Average||Fund Annual Return|
The market average is the average 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 31 March 2020 .
Showing the top 10 investments for this fund:
ANZ Transactional Bank Account
New Zealand Cash and Equivalents AA-11.18%
New Zealand Local Government Funding Agency Ltd 14/04/2033 3.50%
New Zealand NZ Fixed Interest AA+3.18%
Bank Of New Zealand Subordinated Note 17/12/2025 5.314%
New Zealand NZ Fixed Interest BBB+1.99%
The A2 Milk Company Limited
New Zealand Australasian Equities1.98%
United States International Equities N/A1.92%
Westpac Cash Deposit
New Zealand Cash and Equivalents AA-1.73%
Australia Australasian Equities N/A1.56%
United States International Equities N/A1.35%
Jp Morgan Chase & Co. USD Cash Deposit
United States Cash and Equivalents A-1.29%
New Zealand Local Government Funding Agency Ltd 15/04/2025 2.75%
New Zealand NZ Fixed Interest AA+1.27%
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 31 March 2020 .
How the money in this fund is invested against the fund's targets.
|Cash and Cash Equivalents||15.0%||14.08%|
|New Zealand Fixed Interest||20.0%||27.23%|
|International Fixed Interest||10.0%||7.64%|
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 concernDoes this fund say it excludes this?Actual holdings
Human Rights & Environmental Violations:1.44%
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.
In their own words: "We aim to achieve positive long-term returns by choosing a mix of cash, fixed interest, 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 the Summer Conservative Selection but lower than those of the Summer Growth Selection."
Download the fund's disclosure statement and portfolio holdings.