Smartshares Limited
Quaystreet Growth Fund
Quaystreet KiwiSaver SchemeGrowth
What the provider says about this fund
The QuayStreet Growth Fund invests in a diversified portfolio with an emphasis on growth assets. The investment objective is to provide a level of return above the fund’s benchmark over the long term.
1-year return
11.89%
5-year return p.a.
8.95%
Total annual fee
1.37%
Fund size ($m)
196.0
Members
3,160
Inception date
30 September 2007
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Investment mix
Growth assets
76.52%
Income assets
23.48%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 18.12% | 25.00% | 20.20% |
| Cash and equivalents | 8.94% | 5.00% | 6.14% |
| Commodities | 0.00% | 0.00% | 0.14% |
| International bonds | 3.65% | 5.00% | 8.75% |
| International shares | 57.73% | 55.00% | 51.02% |
| Listed property | 0.67% | 0.00% | 3.65% |
| New Zealand bonds | 10.88% | 10.00% | 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 | 7.41% |
| 2 | Alphabet | Shares | International Equities | US | 4.05% |
| 3 | NVIDIA | Shares | International Equities | US | 2.76% |
| 4 | Apple | Shares | International Equities | US | 2.32% |
| 5 | Microsoft | Shares | International Equities | US | 2.24% |
| 6 | BHP Billiton | Shares | Australasian Equities | AU | 1.65% |
| 7 | Amazon.Com | Shares | International Equities | US | 1.28% |
| 8 | Broadcom | Shares | International Equities | US | 1.27% |
| 9 | Meta Platforms | Shares | International Equities | US | 1.18% |
| 10 | ASML Holding | Shares | International Equities | NL | 1.15% |
Fees
1.37% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Growth funds |
|---|---|---|---|
| Management fees | 1.20% | $360 | 0.92% |
| Other fees | 0.07% | $21 | 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 | 7.48% | 8.61% |
| 31 March 2018 | 6.88% | 7.38% |
| 31 March 2019 | 4.91% | 7.03% |
| 31 March 2020 | 0.48% | -3.37% |
| 31 March 2021 | 18.29% | 28.64% |
| 31 March 2022 | 6.16% | 2.17% |
| 31 March 2023 | 1.62% | -3.69% |
| 31 March 2024 | 18.65% | 14.25% |
| 31 March 2025 | 7.17% | 3.98% |
| 31 March 2026 | 11.89% | 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 |