Trustees Of The Maritime KiwiSaver Scheme
Balanced Portfolio
Maritime KiwiSaver SchemeBalanced
What the provider says about this fund
Invests in a wide range of assets, about 60% comprising growth assets such as shares and 40% comprising income assets such as bonds and cash. Suited to longer-term investors who want a diversified portfolio of assets with a high exposure to shares and other growth assets and are willing to accept more ups and downs than can be expected from the Conservative Portfolio.
1-year return
5.06%
5-year return p.a.
4.68%
Total annual fee
0.71%
Fund size ($m)
16.2
Members
200
Inception date
21 April 2016
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Lower riskHigher risk
Investment mix
Growth assets
59.45%
Income assets
40.55%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 11.01% | 12.00% | 13.93% |
| Cash and equivalents | 3.92% | 5.00% | 7.91% |
| International bonds | 26.94% | 26.25% | 19.39% |
| International shares | 48.44% | 48.00% | 35.53% |
| New Zealand bonds | 9.69% | 8.75% | 18.91% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Mercer Overseas Shares index Portfolio | Shares | International Equities | NZ | 25.04% |
| 2 | AmovaWholesale Global Equity Hedged Fund | Shares | International Equities | NZ | 23.40% |
| 3 | Hunter Global Fixed Interest Fund | Bonds | International Fixed Interest | NZ | 19.33% |
| 4 | Amova Wholesale NZ Bond Fund | Bonds | New Zealand Fixed Interest | NZ | 9.69% |
| 5 | Amova Global Bond Fund | Bonds | International Fixed Interest | NZ | 7.61% |
| 6 | Salt Core Equity Fund | Shares | Australasian Equities | NZ | 5.67% |
| 7 | Fisher Institutional Trans Tasman Equity Fund | Shares | Australasian Equities | NZ | 5.35% |
| 8 | Amova Wholesale NZ Cash Fund | Cash | Cash and Cash Equivalents | NZ | 3.91% |
Fees
0.71% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.41% | $123 | 0.77% |
| Other fees | 0.30% | $90 | 0.09% |
| Performance fees | 0.00% | $0 | 0.00% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.71% | $213 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2018 | 5.90% | 5.23% |
| 31 March 2019 | 4.86% | 5.82% |
| 31 March 2020 | -3.94% | -1.40% |
| 31 March 2021 | 23.82% | 18.18% |
| 31 March 2022 | 1.40% | 0.77% |
| 31 March 2023 | -2.83% | -2.77% |
| 31 March 2024 | 15.30% | 10.89% |
| 31 March 2025 | 5.30% | 4.36% |
| 31 March 2026 | 5.06% | 6.36% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Brodie Stevens | Chairman of Trustee Board and Member of Investment Committee | 1 year, 5 months |
| Philippa Drury | Licensed Independent Trustee and Member of Investment Committee | 2 years, 9 months |
| Ray Welson | Trustee and Chair of Investment Committee | 3 years, 7 months |