Smartshares Limited
Quaystreet Altum Fund
Quaystreet KiwiSaver SchemeGrowth
What the provider says about this fund
The QuayStreet Altum Fund invests in a concentrated portfolio of Australasian shares that can also include international shares, cash, fixed interest investments and derivatives. The investment objective is to provide a level of return above the fund’s benchmark over the long term.
1-year return
17.29%
5-year return p.a.
7.14%
Total annual fee
1.37%
Fund size ($m)
6.2
Members
192
Inception date
30 September 2014
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
80.62%
Income assets
19.38%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 35.96% | 100.00% | 20.20% |
| Cash and equivalents | 17.71% | 0.00% | 6.14% |
| Commodities | 0.00% | 0.00% | 0.14% |
| International bonds | 0.00% | 0.00% | 8.75% |
| International shares | 44.66% | 0.00% | 51.02% |
| Listed property | 0.00% | 0.00% | 3.65% |
| New Zealand bonds | 1.67% | 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 | Cash ANZNZ (NZD) | Cash | Cash and Cash Equivalents | NZ | 12.41% |
| 2 | Newmont Corp | Shares | Australasian Equities | US | 7.83% |
| 3 | Alphabet | Shares | International Equities | US | 6.52% |
| 4 | ASML Holding | Shares | International Equities | NL | 5.77% |
| 5 | Intuit | Shares | International Equities | US | 4.58% |
| 6 | Salesforce | Shares | International Equities | US | 4.37% |
| 7 | VanEck Gold Miners ETF | Shares | International Equities | US | 4.25% |
| 8 | Ramsay Health Care | Shares | Australasian Equities | AU | 4.24% |
| 9 | Adobe | Shares | International Equities | US | 3.98% |
| 10 | Siemens | Shares | International Equities | DE | 3.78% |
Fees
1.37% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Growth funds |
|---|---|---|---|
| Management fees | 1.17% | $351 | 0.92% |
| Other fees | 0.10% | $30 | 0.10% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 1.37% | $411 | 1.07% |
Yearly returns
| Year ending | Fund return | Average for Growth funds |
|---|---|---|
| 31 March 2017 | 6.00% | 8.61% |
| 31 March 2018 | 13.32% | 7.38% |
| 31 March 2019 | -0.91% | 7.03% |
| 31 March 2020 | -1.94% | -3.37% |
| 31 March 2021 | 26.40% | 28.64% |
| 31 March 2022 | 5.97% | 2.17% |
| 31 March 2023 | -0.17% | -3.69% |
| 31 March 2024 | 13.13% | 14.25% |
| 31 March 2025 | 0.56% | 3.98% |
| 31 March 2026 | 17.29% | 7.60% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Alister John Williams | Director - Smart | 10 years, 4 months |
| Craig Smith | Portfolio Manager, Fixed Interest - QuayStreet | 1 year, 11 months |
| Jon Raby | Director - Smart | 5 months |
| Roy Cross | Head of Australasian Equities - QuayStreet | 1 month |
| Stefan Stevanovic | Head of International Equities - QuayStreet | 3 years, 1 month |