New Zealand Funds Management Limited
Life Cycle - Age 75
NZ Funds KiwiSaver SchemeBalanced
What the provider says about this fund
The objective of Life Cycle is to allocate your investment across the three funds (Strategies) in the Scheme based on your age to ensure your investment is allocated in a manner consistent with your investment timeframe. At age 75, your investment will be allocated as follows: 35% to the Income Strategy; 34% to the Inflation Strategy; and 31% to the Growth Strategy.
1-year return
5.55%
5-year return p.a.
0.56%
Total annual fee
1.60%
Fund size ($m)
2.1
Members
32
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
58.73%
Income assets
41.27%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 18.30% | 24.00% | 13.93% |
| Cash and equivalents | 23.73% | 5.00% | 7.91% |
| International bonds | 7.62% | 18.00% | 19.39% |
| International shares | 28.52% | 27.00% | 35.53% |
| Listed property | 7.52% | 9.00% | 2.24% |
| New Zealand bonds | 9.92% | 17.00% | 18.91% |
| 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 | 4.99% |
| 2 | Westpac Cash | Cash | Cash and Cash Equivalents | NZ | 4.00% |
| 3 | Westpac Bank Bill 2.49% 13/04/2026 | Cash | Cash and Cash Equivalents | NZ | 3.77% |
| 4 | Westpac Bank Bill 2.5% 20/04/2026 | Cash | Cash and Cash Equivalents | NZ | 3.59% |
| 5 | Westpac Bank Bill 2.54% 30/06/2026 | Cash | Cash and Cash Equivalents | NZ | 2.96% |
| 6 | Goldman Sachs OTC Derivatives | Cash | Cash and Cash Equivalents | NZ | 2.37% |
| 7 | Citibank New Zealand Cash | Cash | Cash and Cash Equivalents | NZ | 2.26% |
| 8 | ANZ Bank Ltd 2.999% 17/09/2031 | Bonds | New Zealand Fixed Interest | NZ | 2.03% |
| 9 | BNZ Bank Bill 2.515% 18/06/2026 | Cash | Cash and Cash Equivalents | NZ | 1.84% |
| 10 | Citibank Hong Kong Cash | Cash | Cash and Cash Equivalents | US | 1.50% |
Fees
1.60% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 1.03% | $309 | 0.77% |
| Other fees | 0.47% | $141 | 0.09% |
| Performance fees | 0.00% | $0 | 0.00% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 1.60% | $480 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2017 | 6.28% | 6.00% |
| 31 March 2018 | 3.39% | 5.23% |
| 31 March 2019 | 4.02% | 5.82% |
| 31 March 2020 | -3.47% | -1.40% |
| 31 March 2021 | 44.12% | 18.18% |
| 31 March 2022 | -8.88% | 0.77% |
| 31 March 2023 | -8.29% | -2.77% |
| 31 March 2024 | 8.61% | 10.89% |
| 31 March 2025 | 1.51% | 4.36% |
| 31 March 2026 | 5.55% | 6.36% |
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 |