Take a closer look at each of our funds with our quarterly fund updates.
Published in a standard format - as set out by Financial Markets Conduct legislation - these reports allow you to more easily compare how our funds stack up against those of other investment managers.
Here you can see how much each fund has gained or lost over different time periods, including the last month. Every month, we report the returns, after fees and tax at the top tax rate (28% PIR) of each of our funds.
When choosing where to invest your money, it makes sense to look at how different funds have performed over time. However, it’s important to remember that past performance is no indication of future performance.
It’s important to look at the returns for each fund over the suggested investment timeframe, rather than focusing on the month to month returns.
Each investment fund has a different level of risk, which depends on the type of asset it invests in. The Conservative Fund is our lowest risk fund because it primarily invests in lower risk assets, such as cash and fixed interest. The Growth Fund is our highest risk fund because it invests mostly in higher risk assets, such as shares.
Generally speaking, the more risk you take on, the greater the potential for returns on your money over the long-term. So putting your money in a higher risk investment fund could earn you greater returns in the long-run. However, this also means you’ll have to be comfortable with seeing your account balance experience more extreme ups and downs, more frequently, than if you were invested in a lower risk fund. You need to decide what approach works right for you.
This table reports the returns, after fees and tax at the top PIR (currently 28%), for each fund.
|29 February 2020||1 month||3 months||12 months||2 years (p.a.)*||3 years (p.a.)*||5 years (p.a.)*|
|Conservative benchmark return||-0.40%||-0.25%||3.09%||2.53%||2.76%||2.36%|
|Balanced benchmark return||-3.47%||-2.72%||4.13%||2.84%||4.71%||4.02%|
|Growth benchmark return||-5.67%||-4.50%||4.99%||3.05%||6.20%||5.24%|
* Each fund started investing effective 31 July 2018 therefore there is no fund return available for this period.
This information is not audited and may be updated.
A benchmark is a standard against which the performance of your investments can be measured. To be meaningful, the benchmark must be appropriate to the market you’re investing in. There’s no point in comparing a global share fund against the performance of a term deposit, or a bond fund against a property index.
Because each of the Kiwi Wealth Managed Funds invests in multiple asset classes, the benchmark for each fund is a composite benchmark i.e. it is made up of various indices which have been chosen based on the weightings of the strategic asset allocation for each fund.
Benchmarks are a useful tool for investors to judge whether or not their investment manager is adding value. There are real dangers in focusing on short-term comparisons of investment performance; even the very best investment managers fail to deliver benchmark performance in some years.
|Benchmark indices||Conservative Fund Benchmark||Balanced Fund Benchmark||Growth Fund Benchmark|
|S&P/NZX 90 Day Bank Bill Index||42.5%||22.5%||7.5%|
|S&P/NZX NZ Government Bond Index||42.5%||22.5%||7.5%|
|MSCI All Country World Index||10%||20%||30%|
|MSCI All Country World Index 100% Hedged to NZD Index||5%||35%||55%|
An index is a measure of change in a group of assets that are considered to represent a market or a portion of it. Each index has its own calculation methodology and is usually shown in terms of a change from a base value. It is the percentage change that is more important than the actual numeric value.
S&P/NZX 90 Day Bank Bill Index - This index is designed to measure the performance of a portfolio cash with a maturity of 31 days to 90 days.
S&P/NZX NZ Government Bond Index - This index comprises sovereign bonds issued by the New Zealand government.
MSCI All Country World Index – This index currently represents equity returns in 23 developed and 26 emerging markets.
MSCI All Country World Index 100% Hedged to NZD Index – This index currently represents equity returns in 23 developed and 26 emerging markets with returns 100% hedged into New Zealand dollars. This is a custom index calculated by MSCI for, and as requested by, Kiwi Wealth.
These quarterly updates include the returns, investment mix, and top 10 investments for each of our funds, as well as the fund’s fees and key Kiwi Wealth staff involved in managing the funds.
Click on the links below for the fund updates for each fund.
Kiwi Wealth® is a registered trademark of Kiwi Wealth Investments Limited Partnership. Future You® is a registered trademark of Kiwi Wealth Limited. Kiwi Wealth Limited is the issuer and manager of the Kiwi Wealth KiwiSaver Scheme and Kiwi Wealth Managed Funds.
Kiwi Wealth Investments Limited Partnership is the issuer and manager of the Kiwi Wealth Super Scheme.
© 2020 Kiwi Wealth Limited