Hive Funds Limited
Aurora Liquidity Fund
Aurora KiwiSaver SchemeDefensive
What the provider says about this fund
Provides exposure to an actively managed portfolio of bank bills, floating rate notes and mainly short-term deposits and securities, that targets capital security and liquidity. Environmental, Social and Governance characteristics are integrated into investment process where applicable.
1-year return
2.09%
5-year return p.a.
1.42%
Total annual fee
0.52%
Fund size ($m)
45.0
Members
3,678
Inception date
13 May 2022
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
1
2
3
4
5
6
7
Lower riskHigher risk
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 | 100.00% | 100.00% | 48.53% |
| Commodities | 0.00% | 0.00% | 0.00% |
| International bonds | 0.00% | 0.00% | 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 | Mercer Macquarie NZ Cash Fund | Cash | Cash and Cash Equivalents | NZ | 99.52% |
| 2 | Cash at Bank (BNZ) | Cash | Cash and Cash Equivalents | NZ | 1.05% |
Fees
0.52% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Defensive funds |
|---|---|---|---|
| Management fees | 0.27% | $81 | 0.46% |
| Other fees | 0.13% | $39 | 0.06% |
| Membership fees | 0.12% | $36 | 0.05% |
| Total combined fees | 0.52% | $156 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 March 2024 | 3.87% | 3.49% |
| 31 March 2025 | 3.59% | 3.79% |
| 31 March 2026 | 2.09% | 2.09% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Sean Henaghan | CIO/Director | 4 years, 11 months |
| Sharon Mackay | CEO/COO, Aurora Capital | 1 year, 3 months |
| Stefan Smith | Senior Multi-Asset Investment Analyst | 1 year, 1 month |