FundRock NZ Limited

InvestNow Foundation Series US 500 Fund

InvestNow KiwiSaver SchemeAggressive

What the provider says about this fund

Provides exposure to a single sector fund that invests into an ETF that in turn invests in shares of the largest companies listed on stock markets in the United States

1-year return

15.20%

5-year return p.a.

5.59%

Total annual fee

0.03%

Fund size ($m)

67.6

Members

1,892

Inception date

8 March 2023

Risk indicator

The official Smart Investor risk indicator uses a scale from 1 to 7.

Lower riskHigher risk

Investment mix

Growth assets

99.69%

Income assets

0.31%

Asset class	Actual	Target	Average for Aggressive funds
Australasian shares	0.00%	0.00%	28.28%
Cash and equivalents	0.31%	0.00%	1.31%
Commodities	0.00%	0.00%	0.09%
International bonds	0.00%	0.00%	0.17%
International shares	99.69%	100.00%	59.89%
Listed property	0.00%	0.00%	8.08%
New Zealand bonds	0.00%	0.00%	0.17%
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	Vanguard S and P 500 ETF	Shares	International Equities	US	99.68%
2	Cash at Bank (BNZ)	Cash	Cash and Cash Equivalents	NZ	0.31%

Fees

0.03% total annual fee

Fee type	Fee	Cost per year on a $30,000 balance	Average for Aggressive funds
Management fees	0.00%	$0	0.71%
Other fees	0.03%	$9	0.08%
Membership fees	0.00%	$0	0.05%
Total combined fees	0.03%	$9	0.85%

Yearly returns

Year ending	Fund return	Average for Aggressive funds
31 March 2024	33.73%	16.43%
31 March 2025	12.91%	4.58%
31 March 2026	15.20%	12.72%

Documents

Key personnel

Name	Position	Time in role
Anthony Sowerby	Investment Committee Member	6 years
Jason Choy	Investment Committee Member	3 years, 8 months
Kimi David	Investment Committee Member	1 year, 1 month
Mike Heath	Investment Committee Member	6 years