Booster Investment Management Limited
Asset Class Growth Fund
Booster KiwiSaver SchemeGrowth
What the provider says about this fund
The Asset Class Growth Fund is suited to investors who seek potentially relatively high returns on average over the longer-term periods (ten years plus), allowing for short to medium term ups and downs. We aim to achieve this by investing primarily in growth assets, with a moderate allocation of income assets. Exposure is achieved by primarily investing in DFA Australia Limited (Dimensional) funds, utilising their Sustainability Trusts where available.
1-year return
12.15%
5-year return p.a.
6.36%
Total annual fee
1.37%
Fund size ($m)
145.1
Members
2,801
Inception date
1 July 2014
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
Investment mix
Growth assets
89.15%
Income assets
10.85%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 16.54% | 17.00% | 20.20% |
| Cash and equivalents | 1.48% | 1.00% | 6.14% |
| Commodities | 0.00% | 0.00% | 0.14% |
| International bonds | 9.37% | 9.00% | 8.75% |
| International shares | 67.71% | 68.00% | 51.02% |
| Listed property | 4.90% | 5.00% | 3.65% |
| New Zealand bonds | 0.00% | 0.00% | 7.35% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.70% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | DFA Global Sustainability PIE Fund | Fund | Fund | NZ | 27.45% |
| 2 | DFA Global Sustainability PIE Fund (NZD Hedged) | Fund | Fund | NZ | 27.21% |
| 3 | DFA Emerging Markets Sustainability Trust | Fund | Fund | AU | 13.05% |
| 4 | NZX New Zealand Core Equity Trust Class | Fund | Fund | NZ | 12.36% |
| 5 | DFA Global Bond Sustainability PIE Fund | Fund | Fund | AU | 7.90% |
| 6 | DFA Global Real Estate Trust NZD Hedged Class Units | Fund | Fund | AU | 4.90% |
| 7 | Dimensional Australian Sustainability PIE Fund | Fund | Fund | NZ | 4.18% |
| 8 | DFA Two-Year Sustainability Fixed Interest PIE Fund | Fund | Fund | AU | 1.47% |
| 9 | NZ Cash (BNZ Bank Trust Account) | Cash | Cash and Cash Equivalents | NZ | 1.47% |
Fees
1.37% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Growth funds |
|---|---|---|---|
| Management fees | 1.25% | $375 | 0.92% |
| Other fees | 0.00% | $0 | 0.10% |
| Membership fees | 0.12% | $36 | 0.05% |
| Total combined fees | 1.37% | $411 | 1.07% |
Yearly returns
| Year ending | Fund return | Average for Growth funds |
|---|---|---|
| 31 March 2017 | 11.59% | 8.61% |
| 31 March 2018 | 7.54% | 7.38% |
| 31 March 2019 | 3.35% | 7.03% |
| 31 March 2020 | -13.05% | -3.37% |
| 31 March 2021 | 36.67% | 28.64% |
| 31 March 2022 | 3.15% | 2.17% |
| 31 March 2023 | -4.55% | -3.69% |
| 31 March 2024 | 16.64% | 14.25% |
| 31 March 2025 | 5.68% | 3.98% |
| 31 March 2026 | 12.15% | 7.60% |
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 |