FundRock NZ Limited

InvestNow Salt Capital Growth Fund

InvestNow KiwiSaver SchemeGrowth

What the provider says about this fund

Provides exposure to a diversified fund with a mix of growth and defensive assets, with a focus on securities with strong Environmental, Social and Governance credentials

1-year return

0.18%

5-year return p.a.

4.78%

Total annual fee

1.10%

Fund size ($m)

6.0

Members

477

Inception date

7 August 2023

Risk indicator

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

Lower riskHigher risk

Investment mix

Growth assets

81.41%

Income assets

18.59%

Asset class	Actual	Target	Average for Growth funds
Australasian shares	27.00%	25.00%	20.20%
Cash and equivalents	3.19%	5.00%	6.14%
Commodities	0.00%	0.00%	0.14%
International bonds	15.40%	15.00%	8.75%
International shares	41.41%	45.00%	51.02%
Listed property	11.97%	10.00%	3.65%
New Zealand bonds	0.00%	0.00%	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	Salt Capital Growth Fund	Fund	Fund	NZ	100.00%

Fees

1.10% total annual fee

Fee type	Fee	Cost per year on a $30,000 balance	Average for Growth funds
Management fees	0.92%	$276	0.92%
Other fees	0.18%	$54	0.10%
Membership fees	0.00%	$0	0.05%
Total combined fees	1.10%	$330	1.07%

Yearly returns

Year ending	Fund return	Average for Growth funds
31 March 2025	8.05%	3.98%
31 March 2026	0.18%	7.60%

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