FundRock NZ Limited

InvestNow Harbour Balanced Growth Fund

InvestNow KiwiSaver SchemeGrowth

What the provider says about this fund

Provides exposure to a diversified fund that invests in a portfolio weighted towards growth assets but with some income asset exposure

1-year return

10.84%

5-year return p.a.

4.78%

Total annual fee

1.04%

Fund size ($m)

1.5

Members

112

Inception date

30 April 2021

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

Lower riskHigher risk

Growth assets

72.31%

Income assets

27.69%

Asset class	Actual	Target	Average for Growth funds
Australasian shares	16.22%	23.50%	20.20%
Cash and equivalents	6.08%	3.50%	6.14%
Commodities	0.00%	0.00%	0.14%
International bonds	14.45%	18.00%	8.75%
International shares	45.90%	46.50%	51.02%
Listed property	1.67%	0.00%	3.65%
New Zealand bonds	7.16%	8.50%	7.35%
Unknown	0.00%	0.00%	0.00%
Unlisted property	0.00%	0.00%	0.70%

Rank	Asset	Asset class	Asset type	Country	% of fund
1	Harbour Balanced Growth Fund	Fund	Fund	NZ	100.00%

1.04% total annual fee

Fee type	Fee	Cost per year on a $30,000 balance	Average for Growth funds
Management fees	0.81%	$243	0.92%
Other fees	0.23%	$69	0.10%
Performance fees	0.00%	$0	0.00%
Membership fees	0.00%	$0	0.05%
Total combined fees	1.04%	$312	1.07%

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