BT Funds Management (NZ) Limited
Growth Fund
Westpac KiwiSaver SchemeGrowth
What the provider says about this fund
This fund aims to provide higher returns over the long term than the Balanced Fund. It invests primarily in growth assets but also has an allocation to income assets. Volatility is expected to be higher than the Balanced Fund but lower than the High Growth Fund in the Westpac KiwiSaver Scheme.
1-year return
10.67%
5-year return p.a.
4.91%
Total annual fee
0.55%
Fund size ($m)
3357.9
Members
115,499
Inception date
1 October 2007
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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7
Lower riskHigher risk
Investment mix
Growth assets
80.15%
Income assets
19.85%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 22.05% | 22.00% | 20.20% |
| Cash and equivalents | 1.93% | 2.00% | 6.14% |
| Commodities | 0.00% | 0.00% | 0.14% |
| International bonds | 10.78% | 11.00% | 8.75% |
| International shares | 52.00% | 52.00% | 51.02% |
| Listed property | 6.10% | 6.00% | 3.65% |
| New Zealand bonds | 7.14% | 7.00% | 7.35% |
| Unlisted property | 0.00% | 0.00% | 0.70% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | NVIDIA Corporation | Shares | International Equities | US | 2.78% |
| 2 | Fisher & Paykel Healthcare Ltd | Shares | Australasian Equities | NZ | 2.63% |
| 3 | Apple Inc. | Shares | International Equities | US | 2.04% |
| 4 | Infratil Ltd | Shares | Australasian Equities | NZ | 1.73% |
| 5 | S&P500 E-Mini Future | Shares | International Equities | US | 1.66% |
| 6 | Microsoft Corporation | Shares | International Equities | US | 1.62% |
| 7 | Auckland International Airport Ltd | Shares | Australasian Equities | NZ | 1.38% |
| 8 | Alphabet Inc. Class A | Shares | International Equities | US | 1.37% |
| 9 | Taiwan Semiconductor Manufacturing Co., Ltd. | Shares | International Equities | TW | 1.20% |
| 10 | Contact Energy Ltd | Shares | Australasian Equities | NZ | 1.19% |
Fees
0.55% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Growth funds |
|---|---|---|---|
| Management fees | 0.55% | $165 | 0.92% |
| Other fees | 0.00% | $0 | 0.10% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.55% | $165 | 1.07% |
Yearly returns
| Year ending | Fund return | Average for Growth funds |
|---|---|---|
| 31 March 2017 | 6.61% | 8.61% |
| 31 March 2018 | 9.45% | 7.38% |
| 31 March 2019 | 6.84% | 7.03% |
| 31 March 2020 | -4.30% | -3.37% |
| 31 March 2021 | 26.98% | 28.64% |
| 31 March 2022 | 0.07% | 2.17% |
| 31 March 2023 | -3.62% | -3.69% |
| 31 March 2024 | 13.08% | 14.25% |
| 31 March 2025 | 5.31% | 3.98% |
| 31 March 2026 | 10.67% | 7.60% |
Documents
- Full portfolio holdings (spreadsheet)
- Latest fund update
- Other material information
- Other material information
- Other material information
- Other material information
- Product disclosure statement
- Statement of investment policy and objectives
- Statement of investment policy and objectives
- Statement of investment policy and objectives
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Andrew Twidle | Chief Executive Officer � BT Funds Management (NZ) Limited | 4 months |
| Andrew Winter | Portfolio Manager Diversified Funds | 2 years, 2 months |
| Angelika Sansom | Investment Analytics Manager | 24 years, 7 months |
| Philip Houghton-Brown | Head of Investment Solutions | 5 years, 6 months |
| Stephen Hong | Senior Portfolio Manager | 13 years, 6 months |