AE KiwiSaver Limited
AE KiwiSaver Plan
AE KiwiSaver PlanConservative
What the provider says about this fund
Amanah Growth Fund may only hold investments which comply with the Ethical Mandate of Amanah KiwiSaver Plan. The fund’s investment objective is to increase the rate of average annual return to investors over the long-term, while strictly complying with the restrictions of Amanah KiwiSaver Plan’s Ethical Mandate.
1-year return
22.03%
5-year return p.a.
7.42%
Total annual fee
3.44%
Fund size ($m)
100.2
Members
3,525
Inception date
25 February 2014
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
31.10%
Income assets
68.90%
| Asset class | Actual | Target | Average for Conservative funds |
|---|---|---|---|
| Cash and equivalents | 68.90% | 20.00% | 20.22% |
| International shares | 31.10% | 80.00% | 14.45% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | JPMorgan | Cash | Cash and Cash Equivalents | US | 59.86% |
| 2 | ANZ Bank | Cash | Cash and Cash Equivalents | NZ | 9.03% |
| 3 | Newmont Mining Corporation | Shares | International Equities | US | 1.72% |
| 4 | Agnico Eagle Mines Limited | Shares | International Equities | US | 1.70% |
| 5 | Alamos Gold Inc. | Shares | International Equities | US | 1.53% |
| 6 | Gold Fields Limited | Shares | International Equities | US | 1.47% |
| 7 | Comfort Systems USA, Inc. | Shares | International Equities | US | 1.44% |
| 8 | Pan American Silver Corp. | Shares | International Equities | US | 1.37% |
| 9 | Wheaton Precious Metals Corp. | Shares | International Equities | US | 1.37% |
| 10 | Kinross Gold Corporation | Shares | International Equities | US | 1.36% |
Fees
3.44% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Conservative funds |
|---|---|---|---|
| Management fees | 1.39% | $417 | 0.70% |
| Other fees | 1.94% | $582 | 0.11% |
| Membership fees | 0.11% | $32 | 0.05% |
| Total combined fees | 3.44% | $1,031 | 0.86% |
Yearly returns
| Year ending | Fund return | Average for Conservative funds |
|---|---|---|
| 31 March 2017 | 0.41% | 3.59% |
| 31 March 2018 | -1.97% | 3.30% |
| 31 March 2019 | 13.82% | 4.43% |
| 31 March 2020 | 23.65% | 1.24% |
| 31 March 2021 | 12.47% | 8.66% |
| 31 March 2022 | 4.60% | -0.64% |
| 31 March 2023 | 9.25% | -1.65% |
| 31 March 2024 | 15.16% | 6.61% |
| 31 March 2025 | -10.95% | 3.59% |
| 31 March 2026 | 22.03% | 3.96% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Brian Henry | Director/Management Committee | 12 years, 7 months |
| Dennis Gates | Director/Management Committee | 5 years, 1 month |
| Gregory Fortuin | Board Chair | 12 years, 7 months |
| Robert Knox | Investment Committee Chair | 12 years, 7 months |
| Sandra Clark | CEO/Management Committee | 6 years, 1 month |