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:

Not Mindful
Type: Defensive fund
Past Returns: *2.26%

Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.

Annual Fees: 0.9%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND1191
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.
Value $820k NZD
Members 151
Market index description Bloomberg Barclays Global- Aggregate Total Return Index (NZD hedged)
Disclosure Statement Period Sun June 30th 2019
Fund started Mon Sept. 19th 2016
Three-year average return *2.26%
Market index past year return 7.28%
Past year return net charges and tax 4.16
Past year return net of charges gross of tax 4.8
Market index return since fund started 3.33%
Return since fund started net 2.28%
Total annual fund fees 0.9
Total performance based fees 0.0
Manager's basic fee 0.46
Administration charges 0.44
Total other charges 36.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Index Fund Annual Return
2019 2.26% 2.63%
2018 2.15% 1.9%

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 June 2019.

Showing the top 10 investments for this fund:

  • ANZ Transactional Bank Account
    New Zealand Cash and Equivalents AA-
    5.28%
  • Government Of Japan 0.00% 19/08/2019
    Japan Int Fixed Interest A1
    2.95%
  • United States Treasury 2.875% 30/04/2025
    United States Int Fixed Interest AA+
    1.5%
  • Government Of Japan 0.70% 20/12/2048
    Japan Int Fixed Interest A+
    1.49%
  • United States Treasury 15/01/25 0.25% Ilb
    United States Int Fixed Interest AA+
    1.4%
  • United States Treasury 15/01/28 0.50% Ilb
    United States Int Fixed Interest AA+
    1.18%
  • Government Of Japan 0.00% 16/07/2019
    Japan Int Fixed Interest A1
    0.82%
  • Kingdom Of Spain (Government) 0.6% 31/10/2029
    Spain Int Fixed Interest UNRATED
    0.82%
  • Cash Uninvested USD
    United States Cash and Equivalents AAA
    0.8%
  • United Kingdom (Government) 1.50% 22/01/2021
    United Kingdom Int Fixed Interest AA
    0.76%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

How the money in this fund is invested.

Type Target Actual
Cash and Cash Equivalents 5.0% 6.33%
New Zealand Fixed Interest 15.0% 10.66%
International Fixed Interest 80.0% 83.01%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

Key Personnel

  • Andy Bowley

    Currently: Director (4 years, 4 months)
    Previously: Head of Research at Forsyth Barr Limited (current) (7 years, 1 months)

  • Craig Alexander

    Currently: Head of Funds Management at Forsyth Barr Limited (6 years, 0 months)
    Previously: Head of Fixed Interest at Tower Investments (5 years, 2 months)

  • Kevin Stirrat

    Currently: Head of Investment Strategy at Forsyth Barr Limited (13 years, 10 months)
    Previously: Director at Deutsche Bank (11 years, 2 months)

  • Malcolm Davie

    Currently: Equity Portfolio Manager at Forsyth Barr Limited (5 years, 3 months)
    Previously: Head of Investment Management at First NZ Capital (7 years, 3 months)

  • Martin Hawes

    Currently: Chair, Summer Investment Committee (2 years, 10 months)
    Previously: Authorised Financial Adviser (current) (8 years, 0 months)

  • Neil Paviour-Smith

    Currently: Director (11 years, 4 months)
    Previously: Managing Director at Forsyth Barr Limited (current) (18 years, 6 months)

  • Rob Mercer

    Currently: Head of Private Wealth Research at Forsyth Barr Limited (7 years, 1 months)
    Previously: Head of Research at Forsyth Barr Limited (11 years, 4 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

The known proportion of this fund invested in the areas of concern that we track. The Fund may have investments that are not consistent with their exclusions policy because of timing issues or because there are companies of concern in indirect investments.

  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.06%
  • Animal Testing:
    1.11%
  • Fossil Fuels:
    1.34%
  • Gambling:
    0.42%
  • GMOs:
    0.17%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.06%

This data has been compiled by Mindful Money from the portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2019 and Mindful Money analysis of funds within those portfolio. 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.

Does this fund have a policy to exclude any industries from its investments?

  • Adult Entertainment/Pornography:
  • Alcohol:
  • Animal Testing:
  • Fossil Fuels:
  • Gambling:
  • GMOs:
  • Human Rights & Environmental Violations:
  • Palm Oil:
  • Tobacco:
  • Weapons:

This data is compiled from Mindful Money analysis of Fund websites. 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.

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.

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital investment. Past returns are not a guide to future returns. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.