Forsyth Barr Investment Management Limited
Summer Conservative Selection
Summer KiwiSaver SchemeConservative
What the provider says about this fund
The Summer Conservative Selection fund invests in a greater exposure to cash and fixed interest investments and a lesser exposure to 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 low to moderate levels of movement up and down in value, and longer-term returns that are lower than those of the Summer Balanced Selection (but with less risk).
1-year return
4.37%
5-year return p.a.
2.17%
Total annual fee
0.87%
Fund size ($m)
10.3
Members
224
Inception date
8 April 2019
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
Investment mix
Growth assets
33.09%
Income assets
66.91%
| Asset class | Actual | Target | Average for Conservative funds |
|---|---|---|---|
| Australasian shares | 12.17% | 11.00% | 5.79% |
| Cash and equivalents | 8.91% | 15.00% | 20.22% |
| Commodities | 0.00% | 0.00% | 0.07% |
| International bonds | 23.03% | 24.00% | 27.47% |
| International shares | 14.24% | 15.00% | 14.45% |
| Listed property | 6.68% | 4.00% | 1.47% |
| New Zealand bonds | 34.98% | 31.00% | 29.28% |
| Unlisted property | 0.00% | 0.00% | 0.49% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Hunter Global Fixed Interest Fund | Bonds | International Fixed Interest | NZ | 23.03% |
| 2 | New Zealand Government 1.5% 15/05/2031 | Bonds | New Zealand Fixed Interest | NZ | 2.94% |
| 3 | BNZ Transactional Account | Cash | Cash and Cash Equivalents | NZ | 2.94% |
| 4 | New Zealand Government 14/04/2033 3.5 | Bonds | New Zealand Fixed Interest | NZ | 2.27% |
| 5 | New Zealand Government 15/05/2032 2.00 | Bonds | New Zealand Fixed Interest | NZ | 1.63% |
| 6 | New Zealand Government 15/05/2028 0.25 | Bonds | New Zealand Fixed Interest | NZ | 1.60% |
| 7 | NZ Government 4.25% 15/05/2034 Green Bond | Bonds | New Zealand Fixed Interest | NZ | 1.57% |
| 8 | New Zealand Government 4.5% 15/05/2035 | Bonds | New Zealand Fixed Interest | NZ | 1.56% |
| 9 | New Zealand Government 4.25% 15/05/2036 | Bonds | New Zealand Fixed Interest | NZ | 1.45% |
| 10 | New Zealand Government 4.50% 15/05/2030 | Bonds | New Zealand Fixed Interest | NZ | 1.33% |
Fees
0.87% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Conservative funds |
|---|---|---|---|
| Management fees | 0.66% | $198 | 0.70% |
| Other fees | 0.09% | $27 | 0.11% |
| Membership fees | 0.12% | $36 | 0.05% |
| Total combined fees | 0.87% | $261 | 0.86% |
Yearly returns
| Year ending | Fund return | Average for Conservative funds |
|---|---|---|
| 31 March 2021 | 10.31% | 8.66% |
| 31 March 2022 | -1.61% | -0.64% |
| 31 March 2023 | -1.42% | -1.65% |
| 31 March 2024 | 6.60% | 6.61% |
| 31 March 2025 | 3.16% | 3.59% |
| 31 March 2026 | 4.37% | 3.96% |
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 |