SBS Wealth Limited
Lifestages Auto Option Age 50 - 54
SBS Wealth KiwiSaver SchemeGrowth
What the provider says about this fund
This life cycle investment stage invests 5% in the SBS Wealth Focused Growth Fund, 75% in the SBS Wealth High Growth Fund and 20% in the SBS Wealth Income Fund, which is regarded as providing appropriate levels of risk and return for a person aged 50-54.
1-year return
9.62%
5-year return p.a.
5.90%
Total annual fee
1.11%
Fund size ($m)
37.8
Members
655
Inception date
14 October 2015
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
78.44%
Income assets
21.56%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 16.30% | 18.00% | 20.20% |
| Cash and equivalents | 3.14% | 2.60% | 6.14% |
| Commodities | 0.00% | 0.00% | 0.14% |
| International bonds | 11.89% | 12.00% | 8.75% |
| International shares | 58.91% | 60.40% | 51.02% |
| New Zealand bonds | 6.53% | 7.00% | 7.35% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.70% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Dimensional Global Sustainability PIE Fund (NZD Hedged) | Shares | International Equities | NZ | 27.51% |
| 2 | Harbour NZ Core Fixed Interest Fund | Bonds | New Zealand Fixed Interest | NZ | 5.92% |
| 3 | Dimensional Global Bond Sustainability PIE Fund | Bonds | International Fixed Interest | NZ | 5.48% |
| 4 | IShares Global Aggregate Bond ESG UCITS ETF NZD Hedged | Bonds | International Fixed Interest | IE | 4.63% |
| 5 | Schroder Global Emerging Markets Fund | Shares | International Equities | AU | 4.43% |
| 6 | Dimensional Australian Sustainability PIE Fund | Shares | Australasian Equities | NZ | 3.66% |
| 7 | Munro Global Growth Climate Leaders PIE Fund | Shares | International Equities | NZ | 2.52% |
| 8 | Kernel Global Infrastructure (NZD Hedged) Fund | Other | Other | NZ | 2.38% |
| 9 | Cash Deposit (ANZ Bank) | Cash | Cash and Cash Equivalents | NZ | 2.06% |
| 10 | Nvidia Corp | Shares | International Equities | US | 1.58% |
Fees
1.11% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Growth funds |
|---|---|---|---|
| Management fees | 0.75% | $225 | 0.92% |
| Other fees | 0.36% | $108 | 0.10% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 1.11% | $333 | 1.07% |
Yearly returns
| Year ending | Fund return | Average for Growth funds |
|---|---|---|
| 31 March 2017 | 9.58% | 8.61% |
| 31 March 2018 | 4.53% | 7.38% |
| 31 March 2019 | 6.76% | 7.03% |
| 31 March 2020 | -6.00% | -3.37% |
| 31 March 2021 | 25.56% | 28.64% |
| 31 March 2022 | 2.19% | 2.17% |
| 31 March 2023 | -2.91% | -3.69% |
| 31 March 2024 | 17.13% | 14.25% |
| 31 March 2025 | 4.54% | 3.98% |
| 31 March 2026 | 9.62% | 7.60% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Anthony Halls | Non-executive Director / Investment Committee chairperson | 5 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 |