Booster Investment Management Limited
Asset Class Conservative Fund
Booster KiwiSaver SchemeConservative
What the provider says about this fund
The Asset Class Conservative Fund is suited to investors who seek modest returns on average over the short to medium term, allowing for some shorter-term ups and downs. We aim to achieve this by investing primarily in income assets, while including some growth assets. Exposure is achieved by primarily investing in DFA Australia Limited (Dimensional) funds, utilising their Sustainability Trusts where available.
1-year return
4.73%
5-year return p.a.
1.72%
Total annual fee
1.24%
Fund size ($m)
24.2
Members
927
Inception date
1 July 2014
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
1
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7
Lower riskHigher risk
Investment mix
Growth assets
32.64%
Income assets
67.36%
| Asset class | Actual | Target | Average for Conservative funds |
|---|---|---|---|
| Australasian shares | 5.49% | 6.00% | 5.79% |
| Cash and equivalents | 2.11% | 1.00% | 20.22% |
| Commodities | 0.00% | 0.00% | 0.07% |
| International bonds | 65.25% | 66.00% | 27.47% |
| International shares | 22.22% | 22.00% | 14.45% |
| Listed property | 4.93% | 5.00% | 1.47% |
| New Zealand bonds | 0.00% | 0.00% | 29.28% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.49% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | DFA Global Bond Sustainability PIE Fund | Fund | Fund | AU | 45.60% |
| 2 | DFA Two-Year Sustainability Fixed Interest PIE Fund | Fund | Fund | AU | 19.66% |
| 3 | DFA Global Sustainability PIE Fund | Fund | Fund | NZ | 9.06% |
| 4 | DFA Global Sustainability PIE Fund (NZD Hedged) | Fund | Fund | NZ | 8.88% |
| 5 | DFA Global Real Estate Trust NZD Hedged Class Units | Fund | Fund | AU | 4.93% |
| 6 | DFA Emerging Markets Sustainability Trust | Fund | Fund | AU | 4.28% |
| 7 | NZX New Zealand Core Equity Trust Class | Fund | Fund | NZ | 4.10% |
| 8 | NZ Cash (BNZ Bank Trust Account) | Cash | Cash and Cash Equivalents | NZ | 2.11% |
| 9 | Dimensional Australian Sustainability PIE Fund | Fund | Fund | NZ | 1.39% |
Fees
1.24% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Conservative funds |
|---|---|---|---|
| Management fees | 1.12% | $336 | 0.70% |
| Other fees | 0.00% | $0 | 0.11% |
| Membership fees | 0.12% | $36 | 0.05% |
| Total combined fees | 1.24% | $372 | 0.86% |
Yearly returns
| Year ending | Fund return | Average for Conservative funds |
|---|---|---|
| 31 March 2017 | 4.84% | 3.59% |
| 31 March 2018 | 2.76% | 3.30% |
| 31 March 2019 | 3.18% | 4.43% |
| 31 March 2020 | -3.79% | 1.24% |
| 31 March 2021 | 12.80% | 8.66% |
| 31 March 2022 | -1.33% | -0.64% |
| 31 March 2023 | -5.61% | -1.65% |
| 31 March 2024 | 7.92% | 6.61% |
| 31 March 2025 | 3.45% | 3.59% |
| 31 March 2026 | 4.73% | 3.96% |
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 |
|---|---|---|
| Bhanu Singh | Chief Executive Officer, Australia and Senior Investment Director, Dimensional Fund Advisors | 3 years, 3 months |
| Jed Fogdall | Global Head of Portfolio Management, Dimensional Fund Advisors | 7 years, 1 month |
| Nicholas Stewart | Executive Director, Stewart Financial Group Limited | 23 years |
| Rory O’neill | Executive Director, Stewart Financial Group Limited | 3 years, 6 months |
| Stephanie Hui | Head of Responsible Investment, Senior Public Policy Strategist & VP | 9 months |