Forsyth Barr Investment Management Limited
Summer Growth Selection
Summer KiwiSaver SchemeGrowth
What the provider says about this fund
The Summer Growth Selection fund invests in a lesser exposure to cash and fixed interest investments and a greater 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 moderate to high levels of movement up and down in value and, longer-term returns that are higher than those of the Summer Balanced Selection (but with more risk).
1-year return
8.71%
5-year return p.a.
4.51%
Total annual fee
1.02%
Fund size ($m)
111.5
Members
1,669
Inception date
8 April 2019
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
Investment mix
Growth assets
80.41%
Income assets
19.59%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 27.44% | 29.00% | 20.20% |
| Cash and equivalents | 3.45% | 4.00% | 6.14% |
| Commodities | 0.00% | 0.00% | 0.14% |
| International bonds | 4.97% | 6.00% | 8.75% |
| International shares | 43.86% | 45.00% | 51.02% |
| Listed property | 9.11% | 6.00% | 3.65% |
| New Zealand bonds | 11.17% | 10.00% | 7.35% |
| Unlisted property | 0.00% | 0.00% | 0.70% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Hunter Global Fixed Interest Fund | Bonds | International Fixed Interest | NZ | 4.97% |
| 2 | Vanguard ESG US Stock ETF | Shares | International Equities | US | 2.75% |
| 3 | Fisher & Paykel Healthcare Corporation Limited | Shares | Australasian Equities | NZ | 2.46% |
| 4 | Microsoft Corporation | Shares | International Equities | US | 1.55% |
| 5 | Precinct Properties New Zealand Limited | Property | Listed Property | NZ | 1.53% |
| 6 | Goodman Property Trust | Property | Listed Property | NZ | 1.51% |
| 7 | Vanguard ESG International Stock ETF | Shares | International Equities | US | 1.40% |
| 8 | BHP Group Limited | Shares | Australasian Equities | AU | 1.31% |
| 9 | Auckland International Airport Limited | Shares | Australasian Equities | NZ | 1.29% |
| 10 | Alphabet Inc. Class A | Shares | International Equities | US | 1.28% |
Fees
1.02% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Growth funds |
|---|---|---|---|
| Management fees | 0.88% | $264 | 0.92% |
| Other fees | 0.02% | $6 | 0.10% |
| Membership fees | 0.12% | $36 | 0.05% |
| Total combined fees | 1.02% | $306 | 1.07% |
Yearly returns
| Year ending | Fund return | Average for Growth funds |
|---|---|---|
| 31 March 2021 | 23.37% | 28.64% |
| 31 March 2022 | 1.35% | 2.17% |
| 31 March 2023 | -2.62% | -3.69% |
| 31 March 2024 | 12.71% | 14.25% |
| 31 March 2025 | 3.08% | 3.98% |
| 31 March 2026 | 8.71% | 7.60% |
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 |