FundRock NZ Limited

InvestNow Mint Diversified Income Fund

InvestNow KiwiSaver SchemeConservative

What the provider says about this fund

Provides exposure to a diversified fund that invests across a number of asset classes both in New Zealand and internationally. These include cash, fixed interest, and equities

1-year return

-0.18%

5-year return p.a.

1.35%

Total annual fee

0.98%

Fund size ($m)

8.7

Members

536

Inception date

28 October 2020

Risk indicator

The official Smart Investor risk indicator uses a scale from 1 to 7.

Lower riskHigher risk

Investment mix

Growth assets

33.08%

Income assets

66.92%

Asset class	Actual	Target	Average for Conservative funds
Australasian shares	19.51%	20.00%	5.79%
Cash and equivalents	7.52%	5.00%	20.22%
Commodities	0.00%	0.00%	0.07%
International bonds	7.80%	15.00%	27.47%
International shares	11.02%	10.00%	14.45%
Listed property	2.55%	0.00%	1.47%
New Zealand bonds	51.60%	50.00%	29.28%
Unknown	0.00%	0.00%	0.00%
Unlisted property	0.00%	0.00%	0.49%

Top 10 holdings

Rank	Asset	Asset class	Asset type	Country	% of fund
1	Mint Diversified Income Fund	Fund	Fund	NZ	100.00%

Fees

0.98% total annual fee

Fee type	Fee	Cost per year on a $30,000 balance	Average for Conservative funds
Management fees	0.76%	$228	0.70%
Other fees	0.22%	$66	0.11%
Membership fees	0.00%	$0	0.05%
Total combined fees	0.98%	$294	0.86%

Yearly returns

Year ending	Fund return	Average for Conservative funds
31 March 2022	-0.70%	-0.64%
31 March 2023	-2.24%	-1.65%
31 March 2024	5.75%	6.61%
31 March 2025	4.34%	3.59%
31 March 2026	-0.18%	3.96%

Documents

Key personnel

Name	Position	Time in role
Anthony Sowerby	Investment Committee Member	6 years
Jason Choy	Investment Committee Member	3 years, 8 months
Kimi David	Investment Committee Member	1 year, 1 month
Mike Heath	Investment Committee Member	6 years