Summer KiwiSaver Scheme
Summer Global Fixed Interest
In their own words: "The fund invests in selected international fixed interest assets. We aim to achieve positive long-term returns. These kinds of investments will typically have low to moderate levels of movement up and down in value."
At a glance:
Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.
Annual fees, including membership and % management fee.
A summary of this fund and it's details.
|Name||Summer Global Fixed Interest|
|Risk profile||Defensive fund|
|Description||The fund invests in selected international fixed interest assets. We aim to achieve positive long-term returns. These kinds of investments will typically have low to moderate levels of movement up and down in value.|
|Market index description||Bloomberg Barclays Global- Aggregate Total Return Index (NZD hedged)|
|Disclosure Statement Period||Mon Sept. 30th 2019|
|Fund started||Mon Sept. 19th 2016|
|Three-year average return||*2.26%|
|Market index past year return||9.99%|
|Past year return net charges and tax||5.52%|
|Past year return net of charges gross of tax||6.22%|
|Market index return since fund started||3.89%|
|Return since fund started net||2.51%|
|Total annual fund fees||0.9%|
|Total performance based fees||0.0%|
|Manager's basic fee||0.46%|
|Total other charges||36.0|
|Total other charges currency||NZD|
The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.
|Year||Market Average||Fund Annual Return|
The market index is the average NZ KiwiSaver return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.
Showing the top 10 investments for this fund:
ANZ Transactional Bank Account
New Zealand Cash and Equivalents AA-4.29%
Government Of Japan 0.00% 19/11/2019
Japan Int Fixed Interest A12.17%
Kingdom Of Spain (Government) 0.6% 31/10/2029
Spain Int Fixed Interest A1.86%
BNP Paribas Account (USD)
United States Cash and Equivalents A1.83%
United States Treasury 2.875% 30/04/2025
United States Int Fixed Interest AA+1.69%
United States Treasury 15/01/25 0.25% Ilb
United States Int Fixed Interest AA+1.55%
Government Of Japan 0.70% 20/12/2048
Japan Int Fixed Interest A+1.32%
United States Treasury 15/01/28 0.50% Ilb
United States Int Fixed Interest AA+1.32%
Government Of Japan 0.10% 20/06/2029
Japan Int Fixed Interest A+1.18%
Kingdom Of Spain (Government) 1.45% 30/04/2029
Spain Int Fixed Interest A0.96%
How the money in this fund is invested against the fund's targets.
|Cash and Cash Equivalents||5.0%||6.44%|
|New Zealand Fixed Interest||15.0%||7.77%|
|International Fixed Interest||80.0%||85.79%|
Currently: Director (4 years, 7 months)
Previously: Head of Research at Forsyth Barr Limited (current) (7 years, 4 months)
Currently: Co-Head of Funds Management,Forsyth Barr Limited (6 years, 3 months)
Previously: Head of Fixed Interest,Tower Investments (5 years, 2 months)
Currently: Director/Strategy, Wealth Management Research,Forsyth Barr Limited (0 years, 2 months)
Previously: Head of Investment Strategy, Forsyth Barr Limited (13 years, 11 months)
Currently: Equity Portfolio Manager at Forsyth Barr Limited (5 years, 6 months)
Previously: Head of Investment Management at First NZ Capital (7 years, 3 months)
Currently: Chair, Summer Investment Committee (3 years, 1 months)
Previously: Authorised Financial Adviser (current) (8 years, 3 months)
Currently: Director (11 years, 7 months)
Previously: Managing Director at Forsyth Barr Limited (current) (18 years, 9 months)
Currently: Director/Equities, Wealth Management Research,Forsyth Barr Limited (0 years, 2 months)
Previously: Head of Private Wealth Research, Forsyth Barr Limited (7 years, 2 months)
Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).
The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.
Issue of concernIs it excluded?Portfolio analysis
Human Rights & Environmental Violations:0.00%
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.
Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.
Note that many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons
Specific companies invested in:
Petrobras Global Finance Sr Unsec Regs 0.30%
Nextera Energy Capital Sr Unsec 0.26%
Eqt Corp Sr Unsec 0.06%
Enbridge Inc Sr Unsec 0.07%
Dominion Energy Gas Hldg Sr Unsec 0.13%
Petrobras Global Finance Sr Unsec 0.02%
Energy Transfer Operatng Sr Unsec 0.07%
United Technologies Corp Sr Unsec 0.07%
Sands China Ltd Sr Unsec 0.15%
Sky City Entertainment Group Ltd 28/09/2022 4.65% 0.10%
Bacardi Ltd Nt 144A 0.07%
Syngenta Finance Nv Sr Unsec 144A 0.20%
Reckitt Benckiser Tsy Sr Unsec 144A 0.400%
Tesco Prop Fin 6 Plc 0.390%
Syngenta Finance Nv Sr Unsec 144A 0.200%
Bayer US Finance Ii Llc Sr Unsec 144A 0.140%
Danone Sa Sr Unsec 144A 0.130%
General Mills Inc Sr Unsec 0.070%
Download the fund's disclosure statement and portfolio holdings.