FundRock NZ Limited

InvestNow Salt Enhanced Property Fund

InvestNow KiwiSaver SchemeAggressive

What the provider says about this fund

Provides exposure to an actively managed portfolio of shares of New Zealand and Australian property trusts, companies and other property related securities with exposure to property and property-related sectors

1-year return

7.34%

5-year return p.a.

1.67%

Total annual fee

1.02%

Fund size ($m)

1.7

Members

162

Inception date

19 October 2020

Risk indicator

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

Lower riskHigher risk

Investment mix

Growth assets

99.99%

Income assets

0.01%

Asset class	Actual	Target	Average for Aggressive funds
Australasian shares	0.00%	0.00%	28.28%
Cash and equivalents	0.01%	5.00%	1.31%
Commodities	0.00%	0.00%	0.09%
International bonds	0.00%	0.00%	0.17%
International shares	0.00%	0.00%	59.89%
Listed property	99.99%	95.00%	8.08%
New Zealand bonds	0.00%	0.00%	0.17%
Unknown	0.00%	0.00%	0.00%
Unlisted property	0.00%	0.00%	0.17%

Top 10 holdings

Rank	Asset	Asset class	Asset type	Country	% of fund
1	Salt Enhanced Property Fund	Property	Listed Property	NZ	100.00%

Fees

1.02% total annual fee

Fee type	Fee	Cost per year on a $30,000 balance	Average for Aggressive funds
Management fees	0.87%	$261	0.71%
Other fees	0.15%	$45	0.08%
Performance fees	0.00%	$0	0.00%
Membership fees	0.00%	$0	0.05%
Total combined fees	1.02%	$306	0.85%

Yearly returns

Year ending	Fund return	Average for Aggressive funds
31 March 2022	2.78%	3.36%
31 March 2023	-14.49%	-4.50%
31 March 2024	3.28%	16.43%
31 March 2025	-5.65%	4.58%
31 March 2026	7.34%	12.72%

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