Local Government Superannuation Trustee Limited
Automatic Fund (Age 20)
Supereasy KiwiSaver Superannuation SchemeAggressive
What the provider says about this fund
The Automatic Fund is a life cycle investment option. Each month, between the ages of 20 and 80, the Automatic Fund will automatically and smoothly change a member’s target investments to a more conservative mix. Its objective is to achieve an improved long term outcome by accepting a higher investment risk and return volatility in the early stages of a member’s working life as a trade-off for potentially higher returns.
1-year return
12.19%
5-year return p.a.
7.98%
Total annual fee
0.50%
Fund size ($m)
0.3
Members
103
Inception date
1 July 2007
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
Investment mix
Growth assets
94.20%
Income assets
5.80%
| Asset class | Actual | Target | Average for Aggressive funds |
|---|---|---|---|
| Australasian shares | 20.07% | 20.00% | 28.28% |
| Cash and equivalents | 2.71% | 2.00% | 1.31% |
| International bonds | 2.07% | 2.00% | 0.17% |
| International shares | 64.03% | 65.00% | 59.89% |
| Listed property | 10.10% | 10.00% | 8.08% |
| New Zealand bonds | 1.02% | 1.00% | 0.17% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | MERCER Overseas Shares Index Portfolio | Shares | International Equities | NZ | 52.52% |
| 2 | HARBOUR NZ Shares Index Fund | Shares | Australasian Equities | NZ | 20.07% |
| 3 | MERCER Hedged Overseas Shares Index Portfolio | Shares | International Equities | NZ | 11.51% |
| 4 | HARBOUR Real Estate Investment Fund | Property | Listed Property | NZ | 10.10% |
| 5 | HARBOUR Enhanced Cash Fund | Cash | Cash and Cash Equivalents | NZ | 2.71% |
| 6 | HUNTER Global Fixed Interest Fund | Bonds | International Fixed Interest | NZ | 2.07% |
| 7 | HARBOUR NZ Core Fixed Interest Fund | Bonds | New Zealand Fixed Interest | NZ | 1.02% |
Fees
0.50% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Aggressive funds |
|---|---|---|---|
| Management fees | 0.32% | $96 | 0.71% |
| Other fees | 0.00% | $0 | 0.08% |
| Membership fees | 0.18% | $54 | 0.05% |
| Total combined fees | 0.50% | $150 | 0.85% |
Yearly returns
| Year ending | Fund return | Average for Aggressive funds |
|---|---|---|
| 31 March 2017 | 9.27% | 11.18% |
| 31 March 2018 | 8.25% | 6.93% |
| 31 March 2019 | 10.38% | 9.96% |
| 31 March 2020 | -3.18% | -6.59% |
| 31 March 2021 | 28.42% | 35.19% |
| 31 March 2022 | 4.70% | 3.36% |
| 31 March 2023 | -1.30% | -4.50% |
| 31 March 2024 | 17.78% | 16.43% |
| 31 March 2025 | 6.51% | 4.58% |
| 31 March 2026 | 12.19% | 12.72% |
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 |