Forsyth Barr Investment Management Limited
Summer Balanced Selection
Summer KiwiSaver SchemeBalanced
What the provider says about this fund
The Summer Balanced Selection fund invests in a balanced mix of cash, fixed interest, equity and property investments. We aim to achieve long-term returns (before fees, taxes and other expenses) greater than a composite benchmark. Investors can expect moderate to high levels of movement up and down in value and, longer-term returns that are higher than those of the Summer Conservative Selection (but with more risk), and lower than those of the Summer Growth Selection (but with less risk).
1-year return
6.57%
5-year return p.a.
3.36%
Total annual fee
1.02%
Fund size ($m)
125.1
Members
2,019
Inception date
19 September 2016
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
Investment mix
Growth assets
57.28%
Income assets
42.72%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 19.35% | 20.00% | 13.93% |
| Cash and equivalents | 3.88% | 7.00% | 7.91% |
| Commodities | 0.00% | 0.00% | 0.17% |
| International bonds | 18.09% | 19.00% | 19.39% |
| International shares | 30.20% | 30.00% | 35.53% |
| Listed property | 7.73% | 5.00% | 2.24% |
| New Zealand bonds | 20.76% | 19.00% | 18.91% |
| Unlisted property | 0.00% | 0.00% | 0.46% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Hunter Global Fixed Interest Fund | Bonds | International Fixed Interest | NZ | 18.09% |
| 2 | Vanguard ESG US Stock ETF | Shares | International Equities | US | 1.89% |
| 3 | Fisher & Paykel Healthcare Corporation Limited | Shares | Australasian Equities | NZ | 1.87% |
| 4 | New Zealand Government 1.5% 15/05/2031 | Bonds | New Zealand Fixed Interest | NZ | 1.80% |
| 5 | New Zealand Government 14/04/2033 3.5 | Bonds | New Zealand Fixed Interest | NZ | 1.39% |
| 6 | Precinct Properties New Zealand Limited | Property | Listed Property | NZ | 1.35% |
| 7 | Goodman Property Trust | Property | Listed Property | NZ | 1.33% |
| 8 | Kiwi Property Group Limited | Property | Listed Property | NZ | 1.07% |
| 9 | Microsoft Corporation | Shares | International Equities | US | 1.07% |
| 10 | New Zealand Government 15/05/2032 2.00 | Bonds | New Zealand Fixed Interest | NZ | 1.00% |
Fees
1.02% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.83% | $249 | 0.77% |
| Other fees | 0.07% | $21 | 0.09% |
| Membership fees | 0.12% | $36 | 0.05% |
| Total combined fees | 1.02% | $306 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2018 | 6.35% | 5.23% |
| 31 March 2019 | 7.19% | 5.82% |
| 31 March 2020 | -0.55% | -1.40% |
| 31 March 2021 | 16.79% | 18.18% |
| 31 March 2022 | -0.09% | 0.77% |
| 31 March 2023 | -2.16% | -2.77% |
| 31 March 2024 | 9.79% | 10.89% |
| 31 March 2025 | 3.14% | 4.36% |
| 31 March 2026 | 6.57% | 6.36% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Christine Smith-Han | Equity and Strategy Analyst,Octagon Asset Management Limited | 4 years, 4 months |
| Craig Alexander | Head of Fixed Interest and ESG, Octagon Asset Management Limited | 4 years, 4 months |
| Jason Lindsay | Head of Equities, Octagon Asset Management Limited | 4 years, 4 months |
| Neil Paviour-Smith | Director of Forsyth Barr Investment Management Limited (current) | 18 years, 1 month |
| Paul Robertshawe | Chief Investment Officer Octagon Asset Management Limited | 4 years, 4 months |