Smartshares Limited
Quaystreet Socially Responsible Investment Fund
Quaystreet KiwiSaver SchemeBalanced
What the provider says about this fund
The guiding philosophy of the Socially Responsible Investment Fund is to endeavour to have a diversified portfolio of investments that are considered to be environmentally and socially sustainable, whilst still applying our traditional portfolio investment criteria. The fund invests in fixed interest and growth assets which are selected in accordance with our Socially Responsible Investment Policy (SRI Policy). The SRI Policy contains information relating to the benefits of investing in the Socially Responsible Investment Fund and is available on the offer register, disclose-register.Companiesoffice.Govt.Nz and the QuayStreet website, quaystreet.Com/socially-responsible-investment-process.
1-year return
7.30%
5-year return p.a.
6.76%
Total annual fee
1.12%
Fund size ($m)
18.0
Members
345
Inception date
31 October 2007
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
Investment mix
Growth assets
58.71%
Income assets
41.29%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 17.25% | 20.00% | 13.93% |
| Cash and equivalents | 11.17% | 10.00% | 7.91% |
| Commodities | 0.00% | 0.00% | 0.17% |
| International bonds | 0.21% | 10.00% | 19.39% |
| International shares | 39.51% | 40.00% | 35.53% |
| Listed property | 1.95% | 0.00% | 2.24% |
| New Zealand bonds | 29.91% | 20.00% | 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 | NZ Govt Inflation Linked (Sep 2030) | Bonds | New Zealand Fixed Interest | NZ | 3.06% |
| 2 | Cash Citibank (AUD) | Cash | Cash and Cash Equivalents | NZ | 2.94% |
| 3 | Alphabet | Shares | International Equities | US | 2.55% |
| 4 | Cash Citibank (EUR) | Cash | Cash and Cash Equivalents | NZ | 2.44% |
| 5 | Cash ANZNZ (NZD) | Cash | Cash and Cash Equivalents | NZ | 2.24% |
| 6 | Meridian Energy Green bond (Mar 2032) | Bonds | New Zealand Fixed Interest | NZ | 2.05% |
| 7 | Apple | Shares | International Equities | US | 1.66% |
| 8 | Microsoft | Shares | International Equities | US | 1.60% |
| 9 | NVIDIA | Shares | International Equities | US | 1.56% |
| 10 | Westpac Banking Corp | Shares | Australasian Equities | AU | 1.49% |
Fees
1.12% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.86% | $258 | 0.77% |
| Other fees | 0.16% | $48 | 0.09% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 1.12% | $336 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2017 | 5.23% | 6.00% |
| 31 March 2018 | 4.51% | 5.23% |
| 31 March 2019 | 3.76% | 5.82% |
| 31 March 2020 | 0.83% | -1.40% |
| 31 March 2021 | 14.65% | 18.18% |
| 31 March 2022 | 1.38% | 0.77% |
| 31 March 2023 | 1.23% | -2.77% |
| 31 March 2024 | 15.51% | 10.89% |
| 31 March 2025 | 9.04% | 4.36% |
| 31 March 2026 | 7.30% | 6.36% |
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 |