Arotahi Trust Limited
BCF KiwiSaver Scheme
BCF KiwiSaver SchemeDefensive
What the provider says about this fund
The fund is invested principally in term deposits with New Zealand-registered banks but also has a small exposure to a loan made on arm’s length terms to an organisation within the Brethren Christian Fellowship. The investments includes a loan for property and the investment in a fixed income investment product was closed. Further diversification could happen once the fund reaches a critical size (as determined by the Trustee). The current investment objective for the fund is to achieve a real return (before investment costs and tax) which exceeds the return of the S&P/NZX 90 Day Bank Bill Index over rolling one-year periods.
1-year return
2.73%
5-year return p.a.
2.46%
Total annual fee
0.98%
Fund size ($m)
19.8
Members
728
Inception date
1 April 2011
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
Investment mix
Growth assets
0.00%
Income assets
100.00%
| Asset class | Actual | Target | Average for Defensive funds |
|---|---|---|---|
| Cash and equivalents | 91.44% | 0.85% | 48.53% |
| New Zealand bonds | 8.56% | 0.15% | 28.46% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Kiwibank Term Deposit | Cash | Cash and Cash Equivalents | NZ | 24.09% |
| 2 | ASB Term Deposit | Cash | Cash and Cash Equivalents | NZ | 23.78% |
| 3 | TSB Term Deposit | Cash | Cash and Cash Equivalents | NZ | 22.04% |
| 4 | BNZ Term Deposit | Cash | Cash and Cash Equivalents | NZ | 10.84% |
| 5 | Westpac Term Deposit | Cash | Cash and Cash Equivalents | NZ | 6.32% |
| 6 | East Street Property Trust | Bonds | New Zealand Fixed Interest | NZ | 5.03% |
| 7 | Arumoni | Cash | Cash and Cash Equivalents | NZ | 3.52% |
| 8 | ANZ Current Account | Cash | Cash and Cash Equivalents | NZ | 2.22% |
| 9 | ASB Operating Account | Cash | Cash and Cash Equivalents | NZ | 2.16% |
Fees
0.98% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Defensive funds |
|---|---|---|---|
| Management fees | 0.77% | $231 | 0.46% |
| Other fees | 0.00% | $0 | 0.06% |
| Membership fees | 0.21% | $63 | 0.05% |
| Total combined fees | 0.98% | $294 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 March 2017 | 1.40% | 1.52% |
| 31 March 2018 | 1.30% | 2.07% |
| 31 March 2019 | 2.10% | 2.39% |
| 31 March 2020 | 1.70% | 1.67% |
| 31 March 2021 | 1.20% | 1.64% |
| 31 March 2022 | 0.70% | -1.81% |
| 31 March 2023 | 1.80% | -0.19% |
| 31 March 2024 | 3.40% | 3.49% |
| 31 March 2025 | 3.70% | 3.79% |
| 31 March 2026 | 2.73% | 2.09% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Jeffrey Paul Prestidge | Director of Arotahi Trust Limited | 6 years |
| John Mckay Mason | Director of Arotahi Trust Limited | 12 years, 9 months |
| Maurice Allen Hall | Director of Arotahi Trust Limited | 12 years, 9 months |