Local Government Superannuation Trustee Limited
Growth Fund
Supereasy KiwiSaver Superannuation SchemeGrowth
What the provider says about this fund
The Growth Fund target asset allocations are 70% in growth assets and 30% in income assets. Its objective is to achieve positive real returns over the medium to long term, while managing volatility through diversification of the Fund’s assets.
1-year return
8.91%
5-year return p.a.
4.83%
Total annual fee
0.50%
Fund size ($m)
41.7
Members
707
Inception date
1 July 2007
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
1
2
3
4
5
6
7
Lower riskHigher risk
Investment mix
Growth assets
69.11%
Income assets
30.89%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 13.64% | 15.00% | 20.20% |
| Cash and equivalents | 4.81% | 5.00% | 6.14% |
| International bonds | 15.73% | 15.00% | 8.75% |
| International shares | 41.78% | 40.00% | 51.02% |
| Listed property | 13.69% | 15.00% | 3.65% |
| New Zealand bonds | 10.35% | 10.00% | 7.35% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | MERCER Overseas Shares Index Portfolio | Shares | International Equities | NZ | 29.86% |
| 2 | HUNTER Global Fixed Interest Fund | Bonds | International Fixed Interest | NZ | 15.73% |
| 3 | HARBOUR Real Estate Investment Fund | Property | Listed Property | NZ | 13.69% |
| 4 | HARBOUR NZ Shares Index Fund | Shares | Australasian Equities | NZ | 13.64% |
| 5 | MERCER Hedged Overseas Shares Index Portfolio | Shares | International Equities | NZ | 11.92% |
| 6 | HARBOUR NZ Core Fixed Interest Fund | Bonds | New Zealand Fixed Interest | NZ | 10.35% |
| 7 | HARBOUR Enhanced Cash Fund | Cash | Cash and Cash Equivalents | NZ | 4.81% |
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 | 6.54% | 8.61% |
| 31 March 2018 | 5.99% | 7.38% |
| 31 March 2019 | 8.96% | 7.03% |
| 31 March 2020 | -3.57% | -3.37% |
| 31 March 2021 | 21.71% | 28.64% |
| 31 March 2022 | 2.35% | 2.17% |
| 31 March 2023 | -3.47% | -3.69% |
| 31 March 2024 | 11.63% | 14.25% |
| 31 March 2025 | 4.73% | 3.98% |
| 31 March 2026 | 8.91% | 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 |