Booster Investment Management Limited
Asset Class Balanced Fund
Booster KiwiSaver SchemeBalanced
What the provider says about this fund
The Asset Class Balanced Fund is suited to investors who seek a medium level of returns on average over medium term periods (five years plus), allowing for shorter-term ups and downs. We aim to achieve this by investing in a mix of income and growth assets. Exposure is achieved by primarily investing in DFA Australia Limited (Dimensional) funds, utilising their Sustainability Trusts where available.
1-year return
8.23%
5-year return p.a.
3.84%
Total annual fee
1.32%
Fund size ($m)
22.0
Members
610
Inception date
29 September 2017
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
59.39%
Income assets
40.61%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 10.75% | 11.00% | 13.93% |
| Cash and equivalents | 2.05% | 1.00% | 7.91% |
| Commodities | 0.00% | 0.00% | 0.17% |
| International bonds | 38.56% | 39.00% | 19.39% |
| International shares | 43.74% | 44.00% | 35.53% |
| Listed property | 4.90% | 5.00% | 2.24% |
| New Zealand bonds | 0.00% | 0.00% | 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 | DFA Global Bond Sustainability PIE Fund | Fund | Fund | AU | 31.69% |
| 2 | DFA Global Sustainability PIE Fund | Fund | Fund | NZ | 17.78% |
| 3 | DFA Global Sustainability PIE Fund (NZD Hedged) | Fund | Fund | NZ | 17.50% |
| 4 | DFA Emerging Markets Sustainability Trust | Fund | Fund | AU | 8.46% |
| 5 | NZX New Zealand Core Equity Trust Class | Fund | Fund | NZ | 8.03% |
| 6 | DFA Two-Year Sustainability Fixed Interest PIE Fund | Fund | Fund | AU | 6.87% |
| 7 | DFA Global Real Estate Trust NZD Hedged Class Units | Fund | Fund | AU | 4.90% |
| 8 | Dimensional Australian Sustainability PIE Fund | Fund | Fund | NZ | 2.73% |
| 9 | NZ Cash (BNZ Bank Trust Account) | Cash | Cash and Cash Equivalents | NZ | 2.05% |
Fees
1.32% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 1.20% | $360 | 0.77% |
| Other fees | 0.00% | $0 | 0.09% |
| Membership fees | 0.12% | $36 | 0.05% |
| Total combined fees | 1.32% | $396 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2019 | 3.32% | 5.82% |
| 31 March 2020 | -7.66% | -1.40% |
| 31 March 2021 | 23.75% | 18.18% |
| 31 March 2022 | 0.73% | 0.77% |
| 31 March 2023 | -5.36% | -2.77% |
| 31 March 2024 | 12.01% | 10.89% |
| 31 March 2025 | 4.47% | 4.36% |
| 31 March 2026 | 8.23% | 6.36% |
Documents
- Full portfolio holdings (spreadsheet)
- Latest fund update
- Other material information
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Statement of investment policy and objectives
- Statement of investment policy and objectives
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Bhanu Singh | Chief Executive Officer, Australia and Senior Investment Director, Dimensional Fund Advisors | 3 years, 3 months |
| Jed Fogdall | Global Head of Portfolio Management, Dimensional Fund Advisors | 7 years, 1 month |
| Nicholas Stewart | Executive Director, Stewart Financial Group Limited | 23 years |
| Rory O’neill | Executive Director, Stewart Financial Group Limited | 3 years, 6 months |
| Stephanie Hui | Head of Responsible Investment, Senior Public Policy Strategist & VP | 9 months |