SBS Wealth Limited
Lifestages Auto Option Age 65+
SBS Wealth KiwiSaver SchemeConservative
What the provider says about this fund
This life cycle investment stage invests 30% in the SBS Wealth High Growth Fund 55% in the SBS Wealth Income Fund and 15% in the SBS Wealth Cash Fund, which is regarded as providing appropriate levels of risk and return for a person aged 65+.
1-year return
4.61%
5-year return p.a.
2.42%
Total annual fee
0.96%
Fund size ($m)
11.5
Members
299
Inception date
14 October 2015
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
1
2
3
4
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7
Lower riskHigher risk
Investment mix
Growth assets
29.35%
Income assets
70.65%
| Asset class | Actual | Target | Average for Conservative funds |
|---|---|---|---|
| Australasian shares | 6.52% | 7.20% | 5.79% |
| Cash and equivalents | 19.97% | 18.35% | 20.22% |
| Commodities | 0.00% | 0.00% | 0.07% |
| International bonds | 32.71% | 33.00% | 27.47% |
| International shares | 21.54% | 22.20% | 14.45% |
| New Zealand bonds | 17.97% | 19.25% | 29.28% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.49% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Harbour NZ Core Fixed Interest Fund | Bonds | New Zealand Fixed Interest | NZ | 16.27% |
| 2 | Dimensional Global Bond Sustainability PIE Fund | Bonds | International Fixed Interest | NZ | 15.07% |
| 3 | BNZ Wholesale NZ Cash Fund | Cash | Cash and Cash Equivalents | NZ | 14.48% |
| 4 | IShares Global Aggregate Bond ESG UCITS ETF NZD Hedged | Bonds | International Fixed Interest | IE | 12.75% |
| 5 | Dimensional Global Sustainability PIE Fund (NZD Hedged) | Shares | International Equities | NZ | 11.00% |
| 6 | Dimensional Two-Year Sustainability Fixed Interest PIE Fund | Bonds | International Fixed Interest | NZ | 2.78% |
| 7 | Cash Deposit (ANZ Bank) | Cash | Cash and Cash Equivalents | NZ | 2.23% |
| 8 | Dimensional Five-Year Diversified Fixed Interest PIE Fund | Bonds | International Fixed Interest | NZ | 2.11% |
| 9 | Schroder Global Emerging Markets Fund | Shares | International Equities | AU | 1.77% |
| 10 | Dimensional Australian Sustainability PIE Fund | Shares | Australasian Equities | NZ | 1.46% |
Fees
0.96% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Conservative funds |
|---|---|---|---|
| Management fees | 0.59% | $177 | 0.70% |
| Other fees | 0.37% | $111 | 0.11% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.96% | $288 | 0.86% |
Yearly returns
| Year ending | Fund return | Average for Conservative funds |
|---|---|---|
| 31 March 2017 | 4.05% | 3.59% |
| 31 March 2018 | 1.72% | 3.30% |
| 31 March 2019 | 3.78% | 4.43% |
| 31 March 2020 | -0.39% | 1.24% |
| 31 March 2021 | 7.54% | 8.66% |
| 31 March 2022 | -1.21% | -0.64% |
| 31 March 2023 | -2.55% | -1.65% |
| 31 March 2024 | 8.04% | 6.61% |
| 31 March 2025 | 3.58% | 3.59% |
| 31 March 2026 | 4.61% | 3.96% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Anthony Halls | Non-executive Director / Investment Committee chairperson | 5 months |
| Derek Young | Chief Operating Officer | 2 years, 8 months |
| Martin Pike | Chief Investment Officer | 10 years, 6 months |
| Morne Redgard | Chief Executive Officer | 2 years, 10 months |
| Phil Ellison | Non-executive Director / Investment Committee member | 3 years, 8 months |