Smartshares Limited
Quaystreet New Zealand Equity Fund
Quaystreet KiwiSaver SchemeAggressive
What the provider says about this fund
The QuayStreet New Zealand Equity Fund invests predominantly in companies that are in the NZX 50 index. The investment objective is to provide a level of return above the fund’s benchmark over the long term.
1-year return
3.95%
5-year return p.a.
0.71%
Total annual fee
1.37%
Fund size ($m)
13.8
Members
522
Inception date
30 November 2010
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
94.32%
Income assets
5.68%
| Asset class | Actual | Target | Average for Aggressive funds |
|---|---|---|---|
| Australasian shares | 91.46% | 100.00% | 28.28% |
| Cash and equivalents | 5.68% | 0.00% | 1.31% |
| Commodities | 0.00% | 0.00% | 0.09% |
| International bonds | 0.00% | 0.00% | 0.17% |
| International shares | 0.00% | 0.00% | 59.89% |
| Listed property | 2.86% | 0.00% | 8.08% |
| New Zealand bonds | 0.00% | 0.00% | 0.17% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.17% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Fisher & Paykel Healthcare | Shares | Australasian Equities | NZ | 16.20% |
| 2 | Infratil | Shares | Australasian Equities | NZ | 8.56% |
| 3 | Contact Energy | Shares | Australasian Equities | NZ | 8.49% |
| 4 | Auckland International Airport | Shares | Australasian Equities | NZ | 7.17% |
| 5 | Meridian Energy | Shares | Australasian Equities | NZ | 5.65% |
| 6 | Cash ANZNZ (NZD) | Cash | Cash and Cash Equivalents | NZ | 5.59% |
| 7 | A2 Milk Company | Shares | Australasian Equities | NZ | 5.19% |
| 8 | Mainfreight | Shares | Australasian Equities | NZ | 4.99% |
| 9 | Ebos Group | Shares | Australasian Equities | NZ | 4.52% |
| 10 | Mercury NZ | Shares | Australasian Equities | NZ | 4.50% |
Fees
1.37% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Aggressive funds |
|---|---|---|---|
| Management fees | 1.13% | $339 | 0.71% |
| Other fees | 0.14% | $42 | 0.08% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 1.37% | $411 | 0.85% |
Yearly returns
| Year ending | Fund return | Average for Aggressive funds |
|---|---|---|
| 31 March 2017 | 9.72% | 11.18% |
| 31 March 2018 | 15.47% | 6.93% |
| 31 March 2019 | 16.88% | 9.96% |
| 31 March 2020 | 1.58% | -6.59% |
| 31 March 2021 | 25.03% | 35.19% |
| 31 March 2022 | -0.77% | 3.36% |
| 31 March 2023 | -0.25% | -4.50% |
| 31 March 2024 | 1.05% | 16.43% |
| 31 March 2025 | -0.34% | 4.58% |
| 31 March 2026 | 3.95% | 12.72% |
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 |