Hive Funds Limited
Aurora RetirementPlus Age 75
Aurora KiwiSaver SchemeConservative
What the provider says about this fund
This investment option invests 15% in the Aurora Growth Fund and 85% in the Aurora Conservative Fund.
1-year return
4.06%
5-year return p.a.
2.32%
Total annual fee
1.41%
Fund size ($m)
0.0
Members
1
Inception date
1 September 2021
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
1
2
3
4
5
6
7
Lower riskHigher risk
Investment mix
Growth assets
29.29%
Income assets
70.71%
| Asset class | Actual | Target | Average for Conservative funds |
|---|---|---|---|
| Australasian shares | 7.18% | 9.80% | 5.79% |
| Cash and equivalents | 20.52% | 13.20% | 20.22% |
| Commodities | 0.00% | 0.00% | 0.07% |
| International bonds | 26.22% | 27.15% | 27.47% |
| International shares | 19.20% | 23.45% | 14.45% |
| Listed property | 0.00% | 0.00% | 1.47% |
| New Zealand bonds | 23.98% | 26.40% | 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 | Metlife Global Impact Bond Fund - Class A | Bonds | International Fixed Interest | AU | 26.22% |
| 2 | Mercer Macquarie NZ Fixed Interest PIE | Bonds | New Zealand Fixed Interest | NZ | 21.56% |
| 3 | Mercer Macquarie NZ Cash Fund | Cash | Cash and Cash Equivalents | NZ | 15.33% |
| 4 | Brandywine Global Opportunistic Equity Fund | Shares | International Equities | NZ | 6.65% |
| 5 | Pella Global Generations PIE Fund | Shares | International Equities | NZ | 6.28% |
| 6 | Munro Global Growth Climate Leaders PIE Fund | Shares | International Equities | NZ | 3.73% |
| 7 | Kernel NZ 50 ESG Tilted Fund | Shares | Australasian Equities | NZ | 3.66% |
| 8 | Mint Australasian Equity Fund | Shares | Australasian Equities | NZ | 3.51% |
| 9 | Merricks Capital Partners PIE Fund | Other | Other | NZ | 3.42% |
| 10 | Resolution Capital GLI PIE Fund | Shares | International Equities | NZ | 2.71% |
Fees
1.41% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Conservative funds |
|---|---|---|---|
| Management fees | 0.98% | $294 | 0.70% |
| Other fees | 0.31% | $93 | 0.11% |
| Membership fees | 0.12% | $36 | 0.05% |
| Total combined fees | 1.41% | $423 | 0.86% |
Yearly returns
| Year ending | Fund return | Average for Conservative funds |
|---|---|---|
| 31 March 2023 | -3.60% | -1.65% |
| 31 March 2024 | 5.97% | 6.61% |
| 31 March 2025 | 4.03% | 3.59% |
| 31 March 2026 | 4.06% | 3.96% |
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 |