Local Government Superannuation Trustee Limited
Aggressive Fund
Supereasy KiwiSaver Superannuation SchemeGrowth
What the provider says about this fund
The Aggressive Fund target asset allocations are 90% in growth assets and 10% in income assets. Its objective is to achieve a high level of real returns over the medium to long term, accepting that the returns may be subject to significant short term variations.
1-year return
11.72%
5-year return p.a.
7.51%
Total annual fee
0.50%
Fund size ($m)
46.7
Members
765
Inception date
1 July 2007
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
89.78%
Income assets
10.22%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 18.19% | 20.00% | 20.20% |
| Cash and equivalents | 2.04% | 2.00% | 6.14% |
| International bonds | 5.09% | 5.00% | 8.75% |
| International shares | 62.50% | 60.00% | 51.02% |
| Listed property | 9.09% | 10.00% | 3.65% |
| New Zealand bonds | 3.08% | 3.00% | 7.35% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | MERCER Overseas Shares Index Portfolio | Shares | International Equities | NZ | 49.26% |
| 2 | HARBOUR NZ Shares Index Fund | Shares | Australasian Equities | NZ | 18.19% |
| 3 | MERCER Hedged Overseas Shares Index Portfolio | Shares | International Equities | NZ | 13.24% |
| 4 | HARBOUR Real Estate Investment Fund | Property | Listed Property | NZ | 9.09% |
| 5 | HUNTER Global Fixed Interest Fund | Bonds | International Fixed Interest | NZ | 5.09% |
| 6 | HARBOUR NZ Core Fixed Interest Fund | Bonds | New Zealand Fixed Interest | NZ | 3.08% |
| 7 | HARBOUR Enhanced Cash Fund | Cash | Cash and Cash Equivalents | NZ | 2.04% |
Fees
0.50% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Growth funds |
|---|---|---|---|
| Management fees | 0.32% | $96 | 0.92% |
| Other fees | 0.00% | $0 | 0.10% |
| Membership fees | 0.18% | $54 | 0.05% |
| Total combined fees | 0.50% | $150 | 1.07% |
Yearly returns
| Year ending | Fund return | Average for Growth funds |
|---|---|---|
| 31 March 2017 | 8.85% | 8.61% |
| 31 March 2018 | 7.90% | 7.38% |
| 31 March 2019 | 10.00% | 7.03% |
| 31 March 2020 | -3.29% | -3.37% |
| 31 March 2021 | 27.27% | 28.64% |
| 31 March 2022 | 4.64% | 2.17% |
| 31 March 2023 | -1.81% | -3.69% |
| 31 March 2024 | 16.40% | 14.25% |
| 31 March 2025 | 6.60% | 3.98% |
| 31 March 2026 | 11.72% | 7.60% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Basil Morrison | LGST Chairman | 14 years, 10 months |
| Charlie Howe | Chief Executive Officer (Civic Financial Services) | 4 years, 7 months |
| Glenn Watkin | Chief Financial Officer (Civic Financial Services) | 7 years, 2 months |
| Grant Hassell | Licensed Independent Trustee | 2 years, 4 months |