New Zealand Funds Management Limited
Inflation Strategy
NZ Funds KiwiSaver SchemeGrowth
What the provider says about this fund
The objective of the Inflation Strategy is to mitigate the impact of inflation on your investment over the medium and/or long term. The fund is anticipated to mainly own and trade New Zealand, Australian and international shares over the minimum suggested timeframe.
1-year return
7.49%
5-year return p.a.
2.29%
Total annual fee
1.52%
Fund size ($m)
215.3
Members
22,189
Inception date
1 November 2010
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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7
Lower riskHigher risk
Investment mix
Growth assets
78.65%
Income assets
21.35%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 30.30% | 40.00% | 20.20% |
| Cash and equivalents | 21.26% | 2.00% | 6.14% |
| International bonds | 0.09% | 4.00% | 8.75% |
| International shares | 26.18% | 28.00% | 51.02% |
| Listed property | 22.17% | 22.00% | 3.65% |
| New Zealand bonds | 0.00% | 4.00% | 7.35% |
| Unknown | 0.00% | 0.00% | 0.00% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Westpac Cash | Cash | Cash and Cash Equivalents | NZ | 3.83% |
| 2 | Telstra Corp Ltd | Shares | Australasian Equities | AU | 2.73% |
| 3 | Chorus Ltd | Shares | Australasian Equities | NZ | 2.55% |
| 4 | Contact Energy Ltd | Shares | Australasian Equities | NZ | 2.52% |
| 5 | Mercury NZ Ltd | Shares | Australasian Equities | NZ | 2.49% |
| 6 | Meridian Energy Ltd | Shares | Australasian Equities | NZ | 2.42% |
| 7 | Citibank New Zealand Cash | Cash | Cash and Cash Equivalents | NZ | 2.42% |
| 8 | Goodman Property Trust | Property | Listed Property | NZ | 1.65% |
| 9 | Precinct Properties Group | Property | Listed Property | NZ | 1.53% |
| 10 | Ryman Healthcare Ltd | Shares | Australasian Equities | NZ | 1.44% |
Fees
1.52% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Growth funds |
|---|---|---|---|
| Management fees | 1.05% | $315 | 0.92% |
| Other fees | 0.37% | $111 | 0.10% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 1.52% | $456 | 1.07% |
Yearly returns
| Year ending | Fund return | Average for Growth funds |
|---|---|---|
| 31 March 2017 | 4.79% | 8.61% |
| 31 March 2018 | 2.99% | 7.38% |
| 31 March 2019 | 4.92% | 7.03% |
| 31 March 2020 | -2.95% | -3.37% |
| 31 March 2021 | 46.13% | 28.64% |
| 31 March 2022 | -11.17% | 2.17% |
| 31 March 2023 | -9.34% | -3.69% |
| 31 March 2024 | 2.08% | 14.25% |
| 31 March 2025 | 0.80% | 3.98% |
| 31 March 2026 | 7.49% | 7.60% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| John Cobb | Chair of the Investment Governance Committee and a Director | 3 years, 4 months |
| Mark Brooks | Chief Investment Officer and a Principal | 2 years, 1 month |
| Michael Lang | Chief Executive and a Director | 7 years, 6 months |