Pathfinder Asset Management Limited
Pathfinder KiwiSaver High Growth Fund
Pathfinder KiwiSaver PlanGrowth
What the provider says about this fund
An ethical portfolio with a higher exposure to growth assets than income assets. The value of the Fund could move up or down significantly and is likely to fluctuate more than the other Funds in the Pathfinder KiwiSaver Plan.
5-year return p.a.
4.78%
Total annual fee
1.36%
Fund size ($m)
54.6
Members
1,385
Inception date
11 April 2025
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Lower riskHigher risk
Investment mix
Growth assets
84.44%
Income assets
15.56%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 18.67% | 19.00% | 20.20% |
| Cash and equivalents | 11.93% | 4.00% | 6.14% |
| Commodities | 0.00% | 0.00% | 0.14% |
| International bonds | 2.16% | 4.00% | 8.75% |
| International shares | 59.17% | 59.00% | 51.02% |
| Listed property | 6.33% | 5.00% | 3.65% |
| New Zealand bonds | 1.47% | 2.00% | 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 | Cash at Bank – ANZ- NZD | Cash | Cash and Cash Equivalents | NZ | 5.81% |
| 2 | Cash at Bank – Westpac- NZD | Cash | Cash and Cash Equivalents | NZ | 5.43% |
| 3 | Microsoft Corporation | Shares | International Equities | US | 2.59% |
| 4 | NVIDIA Corp | Shares | International Equities | US | 2.43% |
| 5 | Apple Inc | Shares | International Equities | US | 2.31% |
| 6 | Fisher & Paykel Healthcare Ltd | Shares | Australasian Equities | NZ | 2.03% |
| 7 | Alphabet Inc Class A | Shares | International Equities | US | 1.94% |
| 8 | Broadcom Inc | Shares | International Equities | US | 1.28% |
| 9 | Infratil Ltd | Shares | International Equities | NZ | 1.07% |
| 10 | National Australia Bank Ltd | Shares | Australasian Equities | AU | 1.01% |
Fees
1.36% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Growth funds |
|---|---|---|---|
| Management fees | 1.25% | $375 | 0.92% |
| Other fees | 0.02% | $6 | 0.10% |
| Membership fees | 0.09% | $27 | 0.05% |
| Total combined fees | 1.36% | $408 | 1.07% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| David Lewis | CIO | 11 months |
| John Berry | CEO | 17 years |
| Kent Fraser | Chair of Investment Committee | 9 years, 6 months |