Forsyth Barr Investment Management Limited
Summer Australian Equities
Summer KiwiSaver SchemeAggressive
What the provider says about this fund
The Summer Australian Equities fund invests mostly in Australian shares, and can invest in New Zealand listed shares where the company has meaningful operations in Australia. We aim to achieve long-term returns (before fees, taxes and other expenses) greater than the S&P/ASX 200 Accumulation Index, 50% hedged to the New Zealand dollar.
1-year return
12.19%
5-year return p.a.
8.01%
Total annual fee
1.02%
Fund size ($m)
17.5
Members
720
Inception date
19 September 2016
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
96.92%
Income assets
3.08%
| Asset class | Actual | Target | Average for Aggressive funds |
|---|---|---|---|
| Australasian shares | 92.21% | 85.00% | 28.28% |
| Cash and equivalents | 3.08% | 5.00% | 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 | 4.71% | 10.00% | 8.08% |
| New Zealand bonds | 0.00% | 0.00% | 0.17% |
| Unlisted property | 0.00% | 0.00% | 0.17% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | BHP Group Limited | Shares | Australasian Equities | AU | 9.69% |
| 2 | Commonwealth Bank of Australia Limited | Shares | Australasian Equities | AU | 7.10% |
| 3 | Westpac Banking Corporation | Shares | Australasian Equities | AU | 4.68% |
| 4 | Australia and New Zealand Banking Group Limited | Shares | Australasian Equities | AU | 4.06% |
| 5 | CSL Limited | Shares | Australasian Equities | AU | 3.52% |
| 6 | National Australia Bank Limited | Shares | Australasian Equities | AU | 3.35% |
| 7 | Rio Tinto Limited | Shares | Australasian Equities | AU | 2.72% |
| 8 | Macquarie Group Limited | Shares | Australasian Equities | AU | 2.57% |
| 9 | Telstra Group | Shares | Australasian Equities | AU | 2.35% |
| 10 | Goodman Group | Property | Listed Property | AU | 2.24% |
Fees
1.02% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Aggressive funds |
|---|---|---|---|
| Management fees | 0.90% | $270 | 0.71% |
| Other fees | 0.00% | $0 | 0.08% |
| Membership fees | 0.12% | $36 | 0.05% |
| Total combined fees | 1.02% | $306 | 0.85% |
Yearly returns
| Year ending | Fund return | Average for Aggressive funds |
|---|---|---|
| 31 March 2018 | 0.54% | 6.93% |
| 31 March 2019 | 5.86% | 9.96% |
| 31 March 2020 | -17.01% | -6.59% |
| 31 March 2021 | 37.26% | 35.19% |
| 31 March 2022 | 13.82% | 3.36% |
| 31 March 2023 | -0.44% | -4.50% |
| 31 March 2024 | 16.08% | 16.43% |
| 31 March 2025 | -0.40% | 4.58% |
| 31 March 2026 | 12.19% | 12.72% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Christine Smith-Han | Equity and Strategy Analyst,Octagon Asset Management Limited | 4 years, 4 months |
| Craig Alexander | Head of Fixed Interest and ESG, Octagon Asset Management Limited | 4 years, 4 months |
| Jason Lindsay | Head of Equities, Octagon Asset Management Limited | 4 years, 4 months |
| Neil Paviour-Smith | Director of Forsyth Barr Investment Management Limited (current) | 18 years, 1 month |
| Paul Robertshawe | Chief Investment Officer Octagon Asset Management Limited | 4 years, 4 months |