SBS Wealth Limited
Lifestages Auto Option Age 60 - 64
SBS Wealth KiwiSaver SchemeBalanced
What the provider says about this fund
This life cycle investment stage invests 40% in the SBS Wealth High Growth Fund, 50% in the SBS Wealth Income Fund and 10% in the SBS Wealth Cash Fund which is regarded as providing appropriate levels of risk and return for a person aged 60-64.
1-year return
5.58%
5-year return p.a.
3.14%
Total annual fee
0.99%
Fund size ($m)
28.1
Members
500
Inception date
14 October 2015
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
1
2
3
4
5
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7
Lower riskHigher risk
Investment mix
Growth assets
39.15%
Income assets
60.85%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 8.70% | 9.60% | 13.93% |
| Cash and equivalents | 14.79% | 13.30% | 7.91% |
| Commodities | 0.00% | 0.00% | 0.17% |
| International bonds | 29.73% | 30.00% | 19.39% |
| International shares | 28.73% | 29.60% | 35.53% |
| New Zealand bonds | 16.33% | 17.50% | 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 | Harbour NZ Core Fixed Interest Fund | Bonds | New Zealand Fixed Interest | NZ | 14.79% |
| 2 | Dimensional Global Sustainability PIE Fund (NZD Hedged) | Shares | International Equities | NZ | 14.67% |
| 3 | Dimensional Global Bond Sustainability PIE Fund | Bonds | International Fixed Interest | NZ | 13.70% |
| 4 | IShares Global Aggregate Bond ESG UCITS ETF NZD Hedged | Bonds | International Fixed Interest | IE | 11.59% |
| 5 | BNZ Wholesale NZ Cash Fund | Cash | Cash and Cash Equivalents | NZ | 9.65% |
| 6 | Dimensional Two-Year Sustainability Fixed Interest PIE Fund | Bonds | International Fixed Interest | NZ | 2.53% |
| 7 | Schroder Global Emerging Markets Fund | Shares | International Equities | AU | 2.36% |
| 8 | Cash Deposit (ANZ Bank) | Cash | Cash and Cash Equivalents | NZ | 2.12% |
| 9 | Dimensional Australian Sustainability PIE Fund | Shares | Australasian Equities | NZ | 1.95% |
| 10 | Dimensional Five-Year Diversified Fixed Interest PIE Fund | Bonds | International Fixed Interest | NZ | 1.92% |
Fees
0.99% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.62% | $186 | 0.77% |
| Other fees | 0.37% | $111 | 0.09% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.99% | $297 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2017 | 5.50% | 6.00% |
| 31 March 2018 | 2.50% | 5.23% |
| 31 March 2019 | 4.62% | 5.82% |
| 31 March 2020 | -1.87% | -1.40% |
| 31 March 2021 | 12.23% | 18.18% |
| 31 March 2022 | -0.28% | 0.77% |
| 31 March 2023 | -2.72% | -2.77% |
| 31 March 2024 | 9.82% | 10.89% |
| 31 March 2025 | 3.79% | 4.36% |
| 31 March 2026 | 5.58% | 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 |