Booster Investment Management Limited
Geared Growth Fund
Booster KiwiSaver SchemeAggressive
What the provider says about this fund
The Geared Growth Fund is suited to investors who seek higher returns, including increased potential returns via leverage, on average over extended periods (fifteen years plus), allowing for more significant short to medium term ups and downs. We aim to achieve this by investing predominantly in growth assets, with little or no allocation to income assets, and the use of leverage to provide increased exposure.
1-year return
10.85%
5-year return p.a.
6.11%
Total annual fee
1.50%
Fund size ($m)
697.0
Members
16,830
Inception date
15 July 2009
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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7
Lower riskHigher risk
Investment mix
Growth assets
96.72%
Income assets
3.28%
| Asset class | Actual | Target | Average for Aggressive funds |
|---|---|---|---|
| Australasian shares | 28.56% | 32.00% | 28.28% |
| Cash and equivalents | 3.25% | 1.00% | 1.31% |
| Commodities | 0.00% | 0.00% | 0.09% |
| International shares | 61.59% | 57.00% | 59.89% |
| Listed property | 4.38% | 5.00% | 8.08% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 2.19% | 5.00% | 0.17% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Fisher & Paykel Healthcare Corporation Limited | Shares | Australasian Equities | NZ | 4.21% |
| 2 | NVIDIA Corp | Shares | International Equities | US | 2.87% |
| 3 | Auckland International Airport Limited | Shares | Australasian Equities | NZ | 2.58% |
| 4 | Vanguard ESG US Stock ETF | Fund | Fund | US | 2.52% |
| 5 | Apple Inc | Shares | International Equities | US | 2.31% |
| 6 | Infratil Limited | Shares | Australasian Equities | NZ | 2.23% |
| 7 | Microsoft Corporation | Shares | International Equities | US | 2.03% |
| 8 | Amazon.Com Inc | Shares | International Equities | US | 1.63% |
| 9 | Contact Energy Limited | Shares | Australasian Equities | NZ | 1.63% |
| 10 | The a2 Milk Company Limited | Shares | Australasian Equities | NZ | 1.60% |
Fees
1.50% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Aggressive funds |
|---|---|---|---|
| Management fees | 1.34% | $402 | 0.71% |
| Other fees | 0.04% | $12 | 0.08% |
| Performance fees | 0.00% | $0 | 0.00% |
| Membership fees | 0.12% | $36 | 0.05% |
| Total combined fees | 1.50% | $450 | 0.85% |
Yearly returns
| Year ending | Fund return | Average for Aggressive funds |
|---|---|---|
| 31 March 2017 | 14.56% | 11.18% |
| 31 March 2018 | 10.23% | 6.93% |
| 31 March 2019 | 10.51% | 9.96% |
| 31 March 2020 | -7.45% | -6.59% |
| 31 March 2021 | 46.38% | 35.19% |
| 31 March 2022 | 5.40% | 3.36% |
| 31 March 2023 | -7.23% | -4.50% |
| 31 March 2024 | 20.53% | 16.43% |
| 31 March 2025 | 3.01% | 4.58% |
| 31 March 2026 | 10.85% | 12.72% |
Documents
- Full portfolio holdings (spreadsheet)
- Latest fund update
- Other material information
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Statement of investment policy and objectives
- Statement of investment policy and objectives
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Aaron Usher | Senior Manager – Investment Strategy | 3 months |
| Nic Craven | Investment Committee Member | 10 months |
| Rowan Calvert | Portfolio Manager - Global Equities | 8 years, 5 months |
| Simon O'grady | Chief Investment Officer | 6 months |
| Steffan Berridge | Senior Manager - Global Investments | 2 months |