Smartshares Limited
Overseas Non-Government Bonds Fund
SuperLife KiwiSaver SchemeDefensive
What the provider says about this fund
Invests in international bonds and is designed to provide returns (before tax, fees and other expenses) consistent with the Bloomberg Global Aggregate Ex Treasury Total Return Index (100% NZD Hedged).
1-year return
1.47%
5-year return p.a.
0.12%
Total annual fee
0.64%
Fund size ($m)
18.7
Members
1,522
Inception date
24 October 2007
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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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 | -1.03% | 0.00% | 48.53% |
| Commodities | 0.00% | 0.00% | 0.00% |
| International bonds | 101.03% | 100.00% | 22.70% |
| International shares | 0.00% | 0.00% | 0.12% |
| Listed property | 0.00% | 0.00% | 0.09% |
| New Zealand bonds | 0.00% | 0.00% | 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 | US Treasury Note 31/03/26 0.00% | Bonds | International Fixed Interest | US | 8.69% |
| 2 | Mortgage Passthrough TBA | Bonds | International Fixed Interest | NZ | 6.57% |
| 3 | USD Cash Account (BNP Paribas) | Cash | Cash and Cash Equivalents | US | 3.00% |
| 4 | Fannie Mae Pool 2.00% 01/02/52 FS2040 | Bonds | International Fixed Interest | US | 1.17% |
| 5 | CNY Cash Account (BNP Paribas) | Cash | Cash and Cash Equivalents | CN | 1.09% |
| 6 | China Development Bank Bond 20/09/29 3.45% | Bonds | International Fixed Interest | CN | 1.03% |
| 7 | FMCC FNCL 2.00% 01/03/52 SD8199 | Bonds | International Fixed Interest | US | 0.98% |
| 8 | Fannie Mae Pool 2.50% 01/07/53 FA4335 MBS | Bonds | International Fixed Interest | US | 0.91% |
| 9 | Freddie Mac Pool 6.00% 01/11/55 SL3500 MBS | Bonds | International Fixed Interest | US | 0.79% |
| 10 | Freddie Mac Pool 2.50% 01/07/52 SL1634 | Bonds | International Fixed Interest | US | 0.76% |
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 | 2.82% | 1.52% |
| 31 March 2018 | 1.45% | 2.07% |
| 31 March 2019 | 3.09% | 2.39% |
| 31 March 2020 | 0.71% | 1.67% |
| 31 March 2021 | 4.92% | 1.64% |
| 31 March 2022 | -3.55% | -1.81% |
| 31 March 2023 | -4.72% | -0.19% |
| 31 March 2024 | 3.50% | 3.49% |
| 31 March 2025 | 2.98% | 3.79% |
| 31 March 2026 | 1.47% | 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 |