Smartshares Limited
NZ Bonds Fund
SuperLife KiwiSaver SchemeDefensive
What the provider says about this fund
Invests in New Zealand bonds and is designed to provide a return (before tax, fees and other expenses) that outperforms the S&P/NZX A-Grade Corporate Bond Index over rolling three-year periods.
1-year return
2.59%
5-year return p.a.
1.45%
Total annual fee
0.64%
Fund size ($m)
36.8
Members
2,288
Inception date
24 October 2007
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
0.00%
Income assets
100.00%
| Asset class | Actual | Target | Average for Defensive funds |
|---|---|---|---|
| Australasian shares | 0.00% | 0.00% | 0.11% |
| Cash and equivalents | -0.98% | 0.00% | 48.53% |
| Commodities | 0.00% | 0.00% | 0.00% |
| International bonds | 0.00% | 0.00% | 22.70% |
| International shares | 0.00% | 0.00% | 0.12% |
| Listed property | 0.00% | 0.00% | 0.09% |
| New Zealand bonds | 100.98% | 100.00% | 28.46% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.05% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | NZLGFA Bond 15/05/28 2.25% | Bonds | New Zealand Fixed Interest | NZ | 3.85% |
| 2 | Housing New Zealand Bond 15/10/27 4.433% | Bonds | New Zealand Fixed Interest | NZ | 3.82% |
| 3 | Westpac New Zealand Bond 24/09/29 4.34% | Bonds | New Zealand Fixed Interest | NZ | 3.44% |
| 4 | NZD Cash Account (ANZ Bank) | Cash | Cash and Cash Equivalents | NZ | 3.30% |
| 5 | NZLGFA Bond 14/04/33 3.50% | Bonds | New Zealand Fixed Interest | NZ | 3.11% |
| 6 | Westpac New Zealand Bond 19/11/30 3.87% | Bonds | New Zealand Fixed Interest | NZ | 3.04% |
| 7 | ASB Bank Bond 02/09/30 4.10% | Bonds | New Zealand Fixed Interest | NZ | 3.00% |
| 8 | Housing New Zealand Bond 18/10/28 3.42% | Bonds | New Zealand Fixed Interest | NZ | 2.97% |
| 9 | Housing New Zealand Bond 24/04/30 2.183% | Bonds | New Zealand Fixed Interest | NZ | 2.91% |
| 10 | NZLGFA Bond 15/04/27 4.50% | Bonds | New Zealand Fixed Interest | NZ | 2.90% |
Fees
0.64% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Defensive funds |
|---|---|---|---|
| Management fees | 0.52% | $156 | 0.46% |
| Other fees | 0.02% | $6 | 0.06% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 0.64% | $192 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 March 2017 | 2.12% | 1.52% |
| 31 March 2018 | 3.94% | 2.07% |
| 31 March 2019 | 4.15% | 2.39% |
| 31 March 2020 | 2.47% | 1.67% |
| 31 March 2021 | 2.70% | 1.64% |
| 31 March 2022 | -3.73% | -1.81% |
| 31 March 2023 | -0.01% | -0.19% |
| 31 March 2024 | 3.72% | 3.49% |
| 31 March 2025 | 4.93% | 3.79% |
| 31 March 2026 | 2.59% | 2.09% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Alister John Williams | Director - Smart | 10 years, 4 months |
| Jon Raby | Director - Smart | 5 months |
| Lisa Turnbull | Chief Executive Officer - Smart | 6 months |
| Stuart Kenneth Reginald Millar | Chief Investment Officer - Smart | 6 years, 10 months |