SBS Wealth Limited
Lifestages Auto Option Age 55 - 59
SBS Wealth KiwiSaver SchemeBalanced
What the provider says about this fund
This life cycle investment stage invests 60% in the SBS Wealth High Growth Fund and 40% in the SBS Wealth Income Fund, which is regarded as providing appropriate levels of risk and return for a person aged 55-59.
1-year return
7.52%
5-year return p.a.
4.51%
Total annual fee
1.05%
Fund size ($m)
33.0
Members
611
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
58.71%
Income assets
41.29%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 13.04% | 14.40% | 13.93% |
| Cash and equivalents | 4.43% | 3.20% | 7.91% |
| Commodities | 0.00% | 0.00% | 0.17% |
| International bonds | 23.79% | 24.00% | 19.39% |
| International shares | 43.10% | 44.40% | 35.53% |
| New Zealand bonds | 13.07% | 14.00% | 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 | Dimensional Global Sustainability PIE Fund (NZD Hedged) | Shares | International Equities | NZ | 22.01% |
| 2 | Harbour NZ Core Fixed Interest Fund | Bonds | New Zealand Fixed Interest | NZ | 11.83% |
| 3 | Dimensional Global Bond Sustainability PIE Fund | Bonds | International Fixed Interest | NZ | 10.96% |
| 4 | IShares Global Aggregate Bond ESG UCITS ETF NZD Hedged | Bonds | International Fixed Interest | IE | 9.27% |
| 5 | Schroder Global Emerging Markets Fund | Shares | International Equities | AU | 3.55% |
| 6 | Dimensional Australian Sustainability PIE Fund | Shares | Australasian Equities | NZ | 2.93% |
| 7 | Dimensional Two-Year Sustainability Fixed Interest PIE Fund | Bonds | International Fixed Interest | NZ | 2.02% |
| 8 | Munro Global Growth Climate Leaders PIE Fund | Shares | International Equities | NZ | 2.01% |
| 9 | Cash Deposit (ANZ Bank) | Cash | Cash and Cash Equivalents | NZ | 1.91% |
| 10 | Kernel Global Infrastructure (NZD Hedged) Fund | Other | Other | NZ | 1.90% |
Fees
1.05% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.69% | $207 | 0.77% |
| Other fees | 0.36% | $108 | 0.09% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 1.05% | $315 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2017 | 7.53% | 6.00% |
| 31 March 2018 | 3.52% | 5.23% |
| 31 March 2019 | 5.71% | 5.82% |
| 31 March 2020 | -3.90% | -1.40% |
| 31 March 2021 | 18.74% | 18.18% |
| 31 March 2022 | 0.96% | 0.77% |
| 31 March 2023 | -2.80% | -2.77% |
| 31 March 2024 | 13.43% | 10.89% |
| 31 March 2025 | 4.18% | 4.36% |
| 31 March 2026 | 7.52% | 6.36% |
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 |