Booster KiwiSaver Scheme
Booster Enhanced Income Fund

In their own words: "The Enhanced Income Fund invests primarily in New Zealand fixed interest investments but may also invest in international fixed interest investments. It is suited to investors looking for a low level of risk and are willing to accept a relatively modest level of returns."

At a glance:

Not Mindful
Type: Defensive fund
Past Returns: 1.39%

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

Annual Fees: 0.82%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND1282
Name Booster Enhanced Income Fund
Risk profile Defensive fund
Description The Enhanced Income Fund invests primarily in New Zealand fixed interest investments but may also invest in international fixed interest investments. It is suited to investors looking for a low level of risk and are willing to accept a relatively modest level of returns.
Value $18M NZD
Members 1,255
Market index description The market index return is based on the NZX Call Index.
Disclosure Statement Period Sun June 30th 2019
Fund started Mon Oct. 1st 2007
Three-year average return 1.39%
Market index past year return 1.73%
Past year return net charges and tax 1.35%
Past year return net of charges gross of tax 1.87%
Market index return since fund started 3.10%
Return since fund started net 2.54%
Total annual fund fees 0.82%
Total performance based fees 0.0%
Manager's basic fee 0.82%
Administration charges 0.0%
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% 1.41%
2018 2.15% 1.36%
2017 1.38% 1.41%
2016 2.64% 2.0%
2015 4.66% 2.62%
2014 2.00% 2.1%
2013 3.15% 2.39%
2012 3.62% 2.41%
2011 3.17% 2.31%
2010 3.39% 3.36%

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:

  • BNZ Bank Bill 6/08/2019
    New Zealand NZ Fixed Interest AA-
    8.77%
  • ANZ Bank - Td 13 Nov 2019 @ 3.050%
    New Zealand Cash and Equivalents AA-
    8.24%
  • Westpac Treasury - Td 11 Sep 2019 @ 2.670%
    New Zealand Cash and Equivalents AA-
    7.27%
  • ANZ Bank - Td 26 Nov 2019 @ 2.770%
    New Zealand Cash and Equivalents AA-
    5.66%
  • BNZ Bank Bill 10/12/2019
    New Zealand NZ Fixed Interest AA-
    5.61%
  • Kiwibank Td - NZPT 07 Aug 2019 @ 2.900%
    New Zealand Cash and Equivalents A
    5.09%
  • ASB Bank Investments - Td 12 Nov 2019 @ 2.930%
    New Zealand Cash and Equivalents AA-
    4.41%
  • ANZ Bank - Td 21 Jan 2020 @ 2.620%
    New Zealand Cash and Equivalents AA-
    4.39%
  • ASB Bank Investments - Td 15 Oct 2019 @ 2.980%
    New Zealand Cash and Equivalents AA-
    4.1%
  • Westpac Bank Bill 3/09/2019
    New Zealand NZ Fixed Interest AA-
    4.07%

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 0.0% 2.97%
New Zealand Fixed Interest 100.0% 97.03%
International Fixed Interest 0.0% 0.0%
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

  • Aaron Usher

    Currently: Portfolio Manager - Australasian Equities, Booster Financial Services Limited (1 years, 8 months)
    Previously: Equity Analyst, Booster Financial Services Limited (5 years, 9 months)

  • Allan Yeo

    Currently: Managing Director, Booster Financial Services Limited (21 years, 1 months)
    Previously: Associate Director, Barclays Bank plc (2 years, 0 months)

  • Bhanu Singh

    Currently: Director and Head of Asia Pacific Portfolio Management, Dimensional Fund Advisors (3 years, 10 months)
    Previously: Portfolio Manager, Dimensional Fund Advisors (5 years, 3 months)

  • David Beattie

    Currently: Principal, Booster Financial Services Limited (1 years, 1 months)
    Previously: CIO, Booster Financial Services Limited (17 years, 6 months)

  • Don Stewart

    Currently: Executive Director, Stewart Financial Group Limited (32 years, 6 months)
    Previously: Financial Adviser, National Mutual Limited (13 years, 8 months)

  • Jed Fogdall

    Currently: Head of Global Portfolio Management and Chair of the Investment Committee (0 years, 4 months)
    Previously: Co-Head of Portfolio Management and Vice President, Dimensional Fund Advisors (7 years, 9 months)

  • Joseph Chi

    Currently: Ex officio member of the Investment Committee (0 years, 4 months)
    Previously: Co-Head of Portfolio Management and Vice President, Dimensional Fund Advisors (7 years, 9 months)

  • Nic Craven

    Currently: Senior Manager - Research, Booster Financial Services Limited (1 years, 1 months)
    Previously: Research Manager, Booster Financial Services Limited (4 years, 2 months)

  • Nicholas Stewart

    Currently: Executive Director, Stewart Financial Group Limited (17 years, 1 months)
    Previously: Wealth Manager, Stewart Financial Group Limited (1 years, 9 months)

  • Rowan Calvert

    Currently: Portfolio Manager - Global Equities, Booster Financial Services Limited (1 years, 8 months)
    Previously: Senior Equity Analyst, Booster Financial Services Limited (7 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:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

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.