Hive Funds Limited
Aurora RetirementPlus Age 50
Aurora KiwiSaver SchemeGrowth
What the provider says about this fund
This investment option invests 100% in the Aurora Growth Fund.
1-year return
6.83%
5-year return p.a.
4.78%
Total annual fee
1.61%
Fund size ($m)
7.2
Members
151
Inception date
1 September 2021
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
77.98%
Income assets
22.02%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 19.84% | 20.00% | 20.20% |
| Cash and equivalents | 4.02% | 3.00% | 6.14% |
| Commodities | 0.00% | 0.00% | 0.14% |
| International bonds | 7.94% | 11.00% | 8.75% |
| International shares | 55.87% | 60.00% | 51.02% |
| Listed property | 0.00% | 0.00% | 3.65% |
| New Zealand bonds | 10.07% | 6.00% | 7.35% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.70% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Brandywine Global Opportunistic Equity Fund | Shares | International Equities | NZ | 20.04% |
| 2 | Pella Global Generations PIE Fund | Shares | International Equities | NZ | 18.64% |
| 3 | Munro Global Growth Climate Leaders PIE Fund | Shares | International Equities | NZ | 11.77% |
| 4 | Kernel NZ 50 ESG Tilted Fund | Shares | Australasian Equities | NZ | 10.30% |
| 5 | Mint Australasian Equity Fund | Shares | Australasian Equities | NZ | 9.54% |
| 6 | Metlife Global Impact Bond Fund - Class A | Bonds | International Fixed Interest | AU | 7.94% |
| 7 | Mercer Macquarie NZ Fixed Interest PIE | Bonds | New Zealand Fixed Interest | NZ | 7.20% |
| 8 | Resolution Capital GLI PIE Fund | Shares | International Equities | NZ | 5.41% |
| 9 | Merricks Capital Partners PIE Fund | Other | Other | NZ | 3.38% |
| 10 | PCG Diversified New Zealand Private Debt Fund | Bonds | New Zealand Fixed Interest | NZ | 2.87% |
Fees
1.61% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Growth funds |
|---|---|---|---|
| Management fees | 1.19% | $357 | 0.92% |
| Other fees | 0.30% | $90 | 0.10% |
| Membership fees | 0.12% | $36 | 0.05% |
| Total combined fees | 1.61% | $483 | 1.07% |
Yearly returns
| Year ending | Fund return | Average for Growth funds |
|---|---|---|
| 31 March 2023 | -5.63% | -3.69% |
| 31 March 2024 | 11.78% | 14.25% |
| 31 March 2025 | 5.09% | 3.98% |
| 31 March 2026 | 6.83% | 7.60% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Sean Henaghan | CIO/Director | 4 years, 11 months |
| Sharon Mackay | CEO/COO, Aurora Capital | 1 year, 3 months |
| Stefan Smith | Senior Multi-Asset Investment Analyst | 1 year, 1 month |