Pathfinder Asset Management Limited
Pathfinder KiwiSaver Growth Fund
Pathfinder KiwiSaver PlanGrowth
What the provider says about this fund
An ethical portfolio with a higher exposure to growth assets and a lower exposure to income assets. This Fund’s value is likely to fluctuate more than the Balanced Fund or Conservative Fund.
1-year return
8.87%
5-year return p.a.
5.56%
Total annual fee
1.37%
Fund size ($m)
381.9
Members
7,753
Inception date
23 July 2019
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Lower riskHigher risk
Investment mix
Growth assets
71.58%
Income assets
28.42%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 17.83% | 18.00% | 20.20% |
| Cash and equivalents | 9.96% | 7.00% | 6.14% |
| Commodities | 0.00% | 0.00% | 0.14% |
| International bonds | 10.20% | 14.00% | 8.75% |
| International shares | 45.53% | 43.00% | 51.02% |
| Listed property | 5.21% | 4.00% | 3.65% |
| New Zealand bonds | 8.26% | 9.00% | 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 | Cash at Bank-NZD-Westpac | Cash | Cash and Cash Equivalents | NZ | 6.00% |
| 2 | Cash at Bank-NZD- ANZ | Cash | Cash and Cash Equivalents | NZ | 3.65% |
| 3 | Microsoft Corporation | Shares | International Equities | US | 1.99% |
| 4 | Fisher & Paykel Healthcare Ltd | Shares | Australasian Equities | NZ | 1.94% |
| 5 | NVIDIA Corp | Shares | International Equities | US | 1.87% |
| 6 | Apple Inc | Shares | International Equities | US | 1.78% |
| 7 | Alphabet Inc Class A | Shares | International Equities | US | 1.49% |
| 8 | Infratil Ltd | Shares | Australasian Equities | NZ | 1.02% |
| 9 | Broadcom Inc | Shares | International Equities | US | 0.98% |
| 10 | National Australia Bank Ltd | Shares | Australasian Equities | AU | 0.96% |
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 | 0.03% | $9 | 0.10% |
| Membership fees | 0.09% | $27 | 0.05% |
| Total combined fees | 1.37% | $411 | 1.07% |
Yearly returns
| Year ending | Fund return | Average for Growth funds |
|---|---|---|
| 31 March 2021 | 34.53% | 28.64% |
| 31 March 2022 | 6.20% | 2.17% |
| 31 March 2023 | -3.02% | -3.69% |
| 31 March 2024 | 14.61% | 14.25% |
| 31 March 2025 | 1.98% | 3.98% |
| 31 March 2026 | 8.87% | 7.60% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| David Lewis | CIO | 11 months |
| John Berry | CEO | 17 years |
| Kent Fraser | Chair of Investment Committee | 9 years, 6 months |