Forsyth Barr Investment Management Limited
Summer Global Fixed Interest
Summer KiwiSaver SchemeDefensive
What the provider says about this fund
The Summer Global Fixed Interest fund invests in international fixed interest assets. We aim to achieve long-term returns (before fees, taxes and other expenses) greater than the Bloomberg Global Aggregate Total Return Index (hedged to New Zealand dollars).
1-year return
2.91%
5-year return p.a.
0.20%
Total annual fee
0.87%
Fund size ($m)
1.1
Members
100
Inception date
19 September 2016
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Investment mix
Growth assets
0.00%
Income assets
100.00%
| Asset class | Actual | Target | Average for Defensive funds |
|---|---|---|---|
| Australasian shares | 0.00% | 0.00% | 0.11% |
| Cash and equivalents | 3.83% | 5.00% | 48.53% |
| Commodities | 0.00% | 0.00% | 0.00% |
| International bonds | 96.17% | 95.00% | 22.70% |
| International shares | 0.00% | 0.00% | 0.12% |
| Listed property | 0.00% | 0.00% | 0.09% |
| New Zealand bonds | 0.00% | 0.00% | 28.46% |
| Unlisted property | 0.00% | 0.00% | 0.05% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | HUNTER GLOBAL FIXED INTEREST FUND | Bonds | International Fixed Interest | NZ | 96.17% |
| 2 | ANZ TRANSACTIONAL BANK ACCOUNT | Cash | Cash and Cash Equivalents | NZ | 3.83% |
Fees
0.87% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Defensive funds |
|---|---|---|---|
| Management fees | 0.45% | $135 | 0.46% |
| Other fees | 0.30% | $90 | 0.06% |
| Membership fees | 0.12% | $36 | 0.05% |
| Total combined fees | 0.87% | $261 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 December 2018 | 1.90% | 2.07% |
| 31 December 2019 | 2.63% | 2.39% |
| 31 December 2020 | 2.21% | 1.67% |
| 31 December 2021 | 3.89% | 1.64% |
| 31 December 2022 | -3.04% | -1.81% |
| 31 December 2023 | -3.16% | -0.19% |
| 31 December 2024 | 3.36% | 3.49% |
| 31 December 2025 | 2.91% | 3.79% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Christine Smith-Han | Equity and Strategy Analyst,Octagon Asset Management Limited | 4 years, 1 month |
| Craig Alexander | Head of Fixed Interest and ESG,Octagon Asset Management Limited | 4 years, 1 month |
| Jason Lindsay | Head of Equities,Octagon Asset Management Limited | 4 years, 1 month |
| Neil Paviour-Smith | Director,Forsyth Barr Investment Management Limited | 17 years, 10 months |
| Paul Robertshawe | Chief Investment Officer,Octagon Asset Management Limited | 4 years, 1 month |