Booster Investment Management Limited
Default Saver Fund
Booster KiwiSaver SchemeBalanced
What the provider says about this fund
The Default Saver Fund is suited to investors who seek a medium level of returns on average over medium term periods (five years plus), allowing for shorter term ups and downs. We aim to achieve this by investing in a mix of income and growth assets, utilising a predominantly passive investment approach.
1-year return
7.28%
5-year return p.a.
3.77%
Total annual fee
0.35%
Fund size ($m)
714.3
Members
55,748
Inception date
1 December 2021
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
53.92%
Income assets
46.08%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 14.50% | 17.00% | 13.93% |
| Cash and equivalents | 10.75% | 5.00% | 7.91% |
| Commodities | 0.00% | 0.00% | 0.17% |
| International bonds | 19.50% | 23.00% | 19.39% |
| International shares | 36.73% | 33.00% | 35.53% |
| Listed property | 2.69% | 5.00% | 2.24% |
| New Zealand bonds | 15.83% | 17.00% | 18.91% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.46% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | NZ Cash (BNZ Bank Trust Account) | Cash | Cash and Cash Equivalents | NZ | 3.97% |
| 2 | NVIDIA Corp | Shares | International Equities | US | 2.00% |
| 3 | Apple Inc | Shares | International Equities | US | 1.87% |
| 4 | Fisher & Paykel Healthcare Corporation Limited | Shares | Australasian Equities | NZ | 1.85% |
| 5 | Microsoft Corporation | Shares | International Equities | US | 1.35% |
| 6 | Auckland International Airport Limited | Shares | Australasian Equities | NZ | 1.15% |
| 7 | New Zealand Government Stock 3.0% 20/04/2029 | Bonds | New Zealand Fixed Interest | NZ | 1.03% |
| 8 | Infratil Limited | Shares | Australasian Equities | NZ | 0.99% |
| 9 | Amazon.Com Inc | Shares | International Equities | US | 0.98% |
| 10 | Toyota Finance 4.844% 30/09/2031 | Bonds | New Zealand Fixed Interest | NZ | 0.94% |
Fees
0.35% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.35% | $105 | 0.77% |
| Other fees | 0.00% | $0 | 0.09% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.35% | $105 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2023 | -2.56% | -2.77% |
| 31 March 2024 | 12.75% | 10.89% |
| 31 March 2025 | 4.92% | 4.36% |
| 31 March 2026 | 7.28% | 6.36% |
Documents
- Full portfolio holdings (spreadsheet)
- Latest fund update
- Other material information
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Statement of investment policy and objectives
- Statement of investment policy and objectives
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Aaron Usher | Senior Manager – Investment Strategy | 3 months |
| Diana Gordon | Senior Portfolio Manager – Fixed Interest | 4 months |
| Rowan Calvert | Portfolio Manager - Global Equities | 8 years, 5 months |
| Simon O'grady | Chief Investment Officer | 6 months |
| Steffan Berridge | Senior Manager - Global Investments | 2 months |