Local Government Superannuation Trustee Limited
Balanced Fund
Supereasy KiwiSaver Superannuation SchemeBalanced
What the provider says about this fund
The Balanced Fund target asset allocations are 50% in growth assets and 50% in income assets. Its objective is to achieve positive real returns over the medium to long term through investment in a balanced mix of growth and income assets.
1-year return
7.31%
5-year return p.a.
3.96%
Total annual fee
0.50%
Fund size ($m)
21.8
Members
432
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
49.91%
Income assets
50.09%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 8.59% | 10.00% | 13.93% |
| Cash and equivalents | 10.17% | 10.00% | 7.91% |
| International bonds | 18.89% | 20.00% | 19.39% |
| International shares | 32.36% | 30.00% | 35.53% |
| Listed property | 8.96% | 10.00% | 2.24% |
| New Zealand bonds | 21.02% | 20.00% | 18.91% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | HARBOUR NZ Core Fixed Interest Fund | Bonds | New Zealand Fixed Interest | NZ | 21.02% |
| 2 | MERCER Overseas Shares Index Portfolio | Shares | International Equities | NZ | 20.71% |
| 3 | HUNTER Global Fixed Interest Fund | Bonds | International Fixed Interest | NZ | 18.89% |
| 4 | MERCER Hedged Overseas Shares Index Portfolio | Shares | International Equities | NZ | 11.65% |
| 5 | HARBOUR Enhanced Cash Fund | Cash | Cash and Cash Equivalents | NZ | 10.17% |
| 6 | HARBOUR Real Estate Investment Fund | Property | Listed Property | NZ | 8.96% |
| 7 | HARBOUR NZ Shares Index Fund | Shares | Australasian Equities | NZ | 8.59% |
Fees
0.50% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.32% | $96 | 0.77% |
| Other fees | 0.00% | $0 | 0.09% |
| Membership fees | 0.18% | $54 | 0.05% |
| Total combined fees | 0.50% | $150 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2017 | 5.29% | 6.00% |
| 31 March 2018 | 4.79% | 5.23% |
| 31 March 2019 | 6.98% | 5.82% |
| 31 March 2020 | -1.87% | -1.40% |
| 31 March 2021 | 16.05% | 18.18% |
| 31 March 2022 | 0.94% | 0.77% |
| 31 March 2023 | -2.69% | -2.77% |
| 31 March 2024 | 9.42% | 10.89% |
| 31 March 2025 | 4.80% | 4.36% |
| 31 March 2026 | 7.31% | 6.36% |
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 |