New Zealand Funds Management Limited
Growth Strategy
NZ Funds KiwiSaver SchemeAggressive
What the provider says about this fund
The objective of the Growth Strategy is to grow your investment over the long term by investing in growth assets and other authorised assets with active management. The fund is anticipated to mainly own and trade New Zealand, Australian and international shares and/or hedge funds over the minimum suggested timeframe.
1-year return
7.81%
5-year return p.a.
0.85%
Total annual fee
2.11%
Fund size ($m)
872.6
Members
25,018
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
98.23%
Income assets
1.77%
| Asset class | Actual | Target | Average for Aggressive funds |
|---|---|---|---|
| Australasian shares | 24.97% | 34.00% | 28.28% |
| Cash and equivalents | 0.00% | 5.00% | 1.31% |
| International shares | 59.42% | 57.00% | 59.89% |
| Listed property | 0.80% | 4.00% | 8.08% |
| Unknown | 0.00% | 0.00% | 0.00% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Goldman Sachs Futures | Cash | Cash and Cash Equivalents | US | 13.41% |
| 2 | Goldman Sachs OTC Derivatives | Cash | Cash and Cash Equivalents | NZ | 6.01% |
| 3 | Westpac Cash | Cash | Cash and Cash Equivalents | NZ | 4.46% |
| 4 | DiDi Global Inc - ADR | Shares | International Equities | CN | 2.81% |
| 5 | Rio Tinto Ltd | Shares | Australasian Equities | AU | 2.19% |
| 6 | Citibank Hong Kong Cash | Cash | Cash and Cash Equivalents | US | 1.98% |
| 7 | Mercury NZ Ltd | Shares | Australasian Equities | NZ | 1.87% |
| 8 | Port of Tauranga Ltd | Shares | Australasian Equities | NZ | 1.75% |
| 9 | Mainfreight Ltd | Shares | Australasian Equities | NZ | 1.70% |
| 10 | Chorus Ltd | Shares | Australasian Equities | NZ | 1.67% |
Fees
2.11% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Aggressive funds |
|---|---|---|---|
| Management fees | 1.10% | $330 | 0.71% |
| Other fees | 0.91% | $273 | 0.08% |
| Performance fees | 0.00% | $0 | 0.00% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 2.11% | $633 | 0.85% |
Yearly returns
| Year ending | Fund return | Average for Aggressive funds |
|---|---|---|
| 31 March 2017 | 11.64% | 11.18% |
| 31 March 2018 | 5.53% | 6.93% |
| 31 March 2019 | 3.69% | 9.96% |
| 31 March 2020 | -6.70% | -6.59% |
| 31 March 2021 | 83.84% | 35.19% |
| 31 March 2022 | -16.81% | 3.36% |
| 31 March 2023 | -13.53% | -4.50% |
| 31 March 2024 | 25.30% | 16.43% |
| 31 March 2025 | -1.40% | 4.58% |
| 31 March 2026 | 7.81% | 12.72% |
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 |