SBS Wealth Limited
SBS Wealth High Growth Fund
SBS Wealth KiwiSaver SchemeAggressive
What the provider says about this fund
The fund aims to provide investors with capital growth over the long-term, by investing primarily in a broad spread of Australasian and international equities, with a small amount held in cash.
1-year return
11.67%
5-year return p.a.
7.39%
Total annual fee
1.17%
Fund size ($m)
476.9
Members
17,708
Inception date
14 October 2015
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
97.86%
Income assets
2.14%
| Asset class | Actual | Target | Average for Aggressive funds |
|---|---|---|---|
| Australasian shares | 21.74% | 24.00% | 28.28% |
| Cash and equivalents | 2.14% | 2.00% | 1.31% |
| Commodities | 0.00% | 0.00% | 0.09% |
| International shares | 71.83% | 74.00% | 59.89% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.17% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Dimensional Global Sustainability PIE Fund (NZD Hedged) | Shares | International Equities | NZ | 36.68% |
| 2 | Schroder Global Emerging Markets Fund | Shares | International Equities | AU | 5.91% |
| 3 | Dimensional Australian Sustainability PIE Fund | Shares | Australasian Equities | NZ | 4.88% |
| 4 | Munro Global Growth Climate Leaders PIE Fund | Shares | International Equities | NZ | 3.36% |
| 5 | Kernel Global Infrastructure (NZD Hedged) Fund | Other | Other | NZ | 3.17% |
| 6 | Cash Deposit (ANZ Bank) | Cash | Cash and Cash Equivalents | NZ | 2.17% |
| 7 | Fisher & Paykel Healthcare Ltd | Shares | Australasian Equities | NZ | 1.80% |
| 8 | Nvidia Corp | Shares | International Equities | US | 1.66% |
| 9 | Contact Energy Ltd | Shares | Australasian Equities | NZ | 1.57% |
| 10 | Infratil Ltd | Shares | Australasian Equities | NZ | 1.57% |
Fees
1.17% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Aggressive funds |
|---|---|---|---|
| Management fees | 0.81% | $243 | 0.71% |
| Other fees | 0.36% | $108 | 0.08% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 1.17% | $351 | 0.85% |
Yearly returns
| Year ending | Fund return | Average for Aggressive funds |
|---|---|---|
| 31 March 2017 | 11.70% | 11.18% |
| 31 March 2018 | 5.55% | 6.93% |
| 31 March 2019 | 7.79% | 9.96% |
| 31 March 2020 | -8.29% | -6.59% |
| 31 March 2021 | 32.78% | 35.19% |
| 31 March 2022 | 3.38% | 3.36% |
| 31 March 2023 | -3.02% | -4.50% |
| 31 March 2024 | 21.00% | 16.43% |
| 31 March 2025 | 4.87% | 4.58% |
| 31 March 2026 | 11.67% | 12.72% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Anthony Halls | Non-executive Director / Investment Committee chairperson | 5 months |
| Derek Young | Chief Operating Officer | 2 years, 8 months |
| Martin Pike | Chief Investment Officer | 10 years, 6 months |
| Morne Redgard | Chief Executive Officer | 2 years, 10 months |
| Phil Ellison | Non-executive Director / Investment Committee member | 3 years, 8 months |