SBS Wealth Limited
Lifestages Auto Option Age 0 - 49
SBS Wealth KiwiSaver SchemeAggressive
What the provider says about this fund
This life cycle investment stage is 85% invested in the SBS Wealth High Growth Fund and 15% in the SBS Wealth Focused Growth Fund, which is regarded as providing appropriate levels of risk and return for a person aged 0-49.
1-year return
11.77%
5-year return p.a.
7.28%
Total annual fee
1.17%
Fund size ($m)
136.0
Members
5,685
Inception date
14 October 2015
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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2
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7
Lower riskHigher risk
Investment mix
Growth assets
98.31%
Income assets
1.69%
| Asset class | Actual | Target | Average for Aggressive funds |
|---|---|---|---|
| Australasian shares | 18.48% | 20.40% | 28.28% |
| Cash and equivalents | 1.69% | 2.00% | 1.31% |
| Commodities | 0.00% | 0.00% | 0.09% |
| International shares | 76.18% | 77.60% | 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 | 31.17% |
| 2 | Schroder Global Emerging Markets Fund | Shares | International Equities | AU | 5.02% |
| 3 | Dimensional Australian Sustainability PIE Fund | Shares | Australasian Equities | NZ | 4.14% |
| 4 | Munro Global Growth Climate Leaders PIE Fund | Shares | International Equities | NZ | 2.85% |
| 5 | Kernel Global Infrastructure (NZD Hedged) Fund | Other | Other | NZ | 2.69% |
| 6 | Nvidia Corp | Shares | International Equities | US | 2.42% |
| 7 | Alphabet Inc Class A | Shares | International Equities | US | 2.33% |
| 8 | Cash Deposit (ANZ Bank) | Cash | Cash and Cash Equivalents | NZ | 2.23% |
| 9 | Microsoft Corporation | Shares | International Equities | US | 2.22% |
| 10 | JPMorgan Chase & Co | Shares | International Equities | US | 2.16% |
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 | 11.77% | 12.72% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Anthony Halls | Non-executive Director / Investment Committee chairperson | 3 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 |