Smartshares Limited
S&P/Nzx NZ Government Bond Fund
SuperLife KiwiSaver SchemeDefensive
What the provider says about this fund
The S&P/NZX NZ Government Bond Fund invests in New Zealand bonds and is designed to track the return (before tax, fees and other expenses) of the S&P/NZX NZ Government Bond Index.
1-year return
1.94%
5-year return p.a.
0.14%
Total annual fee
0.64%
Fund size ($m)
1.1
Members
120
Inception date
15 July 2020
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
0.00%
Income assets
100.00%
| Asset class | Actual | Target | Average for Defensive funds |
|---|---|---|---|
| Australasian shares | 0.00% | 0.00% | 0.11% |
| Cash and equivalents | 0.09% | 0.00% | 48.53% |
| Commodities | 0.00% | 0.00% | 0.00% |
| International bonds | 0.00% | 0.00% | 22.70% |
| International shares | 0.00% | 0.00% | 0.12% |
| Listed property | 0.00% | 0.00% | 0.09% |
| New Zealand bonds | 99.91% | 100.00% | 28.46% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.05% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | NZ Government Bond 15/05/30 4.50% | Bonds | New Zealand Fixed Interest | NZ | 10.93% |
| 2 | NZ Government Bond 14/04/33 3.50% | Bonds | New Zealand Fixed Interest | NZ | 9.08% |
| 3 | NZD Cash Account (ANZ Bank) | Cash | Cash and Cash Equivalents | NZ | 9.03% |
| 4 | NZ Government Bond 15/05/31 1.50% | Bonds | New Zealand Fixed Interest | NZ | 9.02% |
| 5 | NZ Government Bond 20/04/29 3.0% | Bonds | New Zealand Fixed Interest | NZ | 9.01% |
| 6 | NZ Government Bond 15/05/35 4.50% | Bonds | New Zealand Fixed Interest | NZ | 8.53% |
| 7 | NZ Government Bond 15/05/36 4.25% | Bonds | New Zealand Fixed Interest | NZ | 8.52% |
| 8 | NZ Government Bond 15/05/28 0.25% | Bonds | New Zealand Fixed Interest | NZ | 8.27% |
| 9 | NZ Government Bond 15/05/32 2.00% | Bonds | New Zealand Fixed Interest | NZ | 7.53% |
| 10 | NZ Government Bond 15/04/27 4.50% | Bonds | New Zealand Fixed Interest | NZ | 6.70% |
Fees
0.64% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Defensive funds |
|---|---|---|---|
| Management fees | 0.47% | $141 | 0.46% |
| Other fees | 0.07% | $21 | 0.06% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 0.64% | $192 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 March 2022 | -5.25% | -1.81% |
| 31 March 2023 | -2.69% | -0.19% |
| 31 March 2024 | 1.51% | 3.49% |
| 31 March 2025 | 4.06% | 3.79% |
| 31 March 2026 | 1.94% | 2.09% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Alister John Williams | Director - Smart | 10 years, 4 months |
| Jon Raby | Director - Smart | 5 months |
| Lisa Turnbull | Chief Executive Officer - Smart | 6 months |
| Stuart Kenneth Reginald Millar | Chief Investment Officer - Smart | 6 years, 10 months |