Booster Default Saver Fund

In their own words: "The Default Saver Fund invests mainly in income assets, but includes some growth assets. It is suited to investors looking for a low level of risk and are willing to accept a relatively modest level of returns."

Not Mindful
Type: Conservative fund
Past Returns: 3.78%

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

Annual Fees: 0.38%

Annual fees, including membership and % management fee.

A summary of this fund and it's details.

Number FND1277
Name Booster Default Saver Fund
Risk profile Conservative fund
Description The Default Saver Fund invests mainly in income assets, but includes some growth assets. It is suited to investors looking for a low level of risk and are willing to accept a relatively modest level of returns.
Value $89M NZD
Members 18,036
Market index description The market index return is based on the weighted average return of the market indices used in respect of the underlying asset classes as described in the Statement of Investment Policy and Objectives.
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Tue July 1st 2014
Three-year average return 3.78%
Market index past year return 9.20%
Past year return net charges and tax 7.71%
Past year return net of charges gross of tax 9.03%
Market index return since fund started 6.16%
Return since fund started net 4.55%
Total annual fund fees 0.38%
Total performance based fees 0.0%
Manager's basic fee 0.38%
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 September 2019.

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
2019 4.40% 4.25%
2018 3.80% 3.65%
2017 4.16% 3.43%
2016 3.52% 3.08%

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:

  • Vanguard Ethically Conscious Gbl Agg Bond Index Fund NZD Hgd
    Australia Fund
    28.61%
  • Ubs Msci World Socially Responsible Ucits ETF
    Germany Fund
    12.39%
  • BNZ Bank Bill 24/03/2020
    New Zealand NZ Fixed Interest AA-
    3.15%
  • Westpac Bank Bill 11/02/2020
    New Zealand NZ Fixed Interest AA-
    2.88%
  • BNZ Bank Bill 25/02/2020
    New Zealand NZ Fixed Interest AA-
    2.7%
  • NZ Cash (BNZ Bank Trust Account)
    New Zealand Cash and Equivalents AA-
    2.35%
  • ANZ Bank - Td 23 Jun 2020 @ 2.230%
    New Zealand Cash and Equivalents AA-
    1.84%
  • NZ Govt Stock 5.5% 15/04/2023
    New Zealand NZ Fixed Interest AA+
    1.8%
  • Kiwibank Td - NZPT 11 Feb 2020 @ 2.400%
    New Zealand Cash and Equivalents A
    1.59%
  • ANZ Bank - Td 02 Jun 2020 @ 2.310%
    New Zealand Cash and Equivalents AA-
    1.57%

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

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 20.0% 26.43%
New Zealand Fixed Interest 35.0% 24.53%
International Fixed Interest 25.0% 28.61%
Australasian Equities 7.0% 6.44%
International Equities 11.0% 12.51%
Listed Properties 2.0% 1.48%
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 September 2019.

Key Personnel

  • Aaron Usher

    Currently: Portfolio Manager - Australasian Equities, Booster Financial Services Limited (2 years, 2 months)
    Previously: Equity Analyst, Booster Financial Services Limited (5 years, 9 months)

  • Allan Yeo

    Currently: Managing Director, Booster Financial Services Limited (21 years, 7 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 (4 years, 4 months)
    Previously: Portfolio Manager, Dimensional Fund Advisors (5 years, 3 months)

  • David Beattie

    Currently: Principal, Booster Financial Services Limited (1 years, 7 months)
    Previously: CIO, Booster Financial Services Limited (17 years, 6 months)

  • Don Stewart

    Currently: Executive Director, Stewart Financial Group Limited (33 years, 0 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, Dimensional Fund Advisors (0 years, 10 months)
    Previously: Co-Head of Portfolio Management and Vice President, Dimensional Fund Advisors (7 years, 0 months)

  • Joseph Chi

    Currently: Head of Responsible Investment and ex officio member of the Corporate Governance Committee, Dimensional Fund Advisors (0 years, 2 months)
    Previously: Ex officio member of the Investment Committee, Dimensional Fund Advisors (0 years, 11 months)

  • Nic Craven

    Currently: Senior Manager - Research, Booster Financial Services Limited (1 years, 7 months)
    Previously: Research Manager, Booster Financial Services Limited (4 years, 2 months)

  • Nicholas Stewart

    Currently: Executive Director, Stewart Financial Group Limited (17 years, 7 months)
    Previously: Wealth Manager, Stewart Financial Group Limited (1 years, 9 months)

  • Rowan Calvert

    Currently: Portfolio Manager - Global Equities, Booster Financial Services Limited (2 years, 2 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 September 2019.

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 concern
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    1.56%
  • Fossil Fuels:
    0.69%
  • Gambling:
    0.00%
  • GMOs:
    0.05%
  • Human Rights & Environmental Violations:
    0.10%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.01%

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:

Fossil Fuel

Sinopec Group Overseas Development 2016 Ltd. 0.01%
Total Eur2.5 0.16%
Conocophillips Com Usd0.01 0.08%
Phillips 66 Com Usd0.01 0.07%
Suncor Energy Inc Com Npv 'New' 0.06%
Oneok Inc 0.04%
Repsol Sa Eur1 0.03%
Shs:Woodside Petroleum Ltd: 0.03%
Equinor Asa Nok2.50 0.02%
Hess Corporation Com Usd1 0.02%
Marathon Oil Corp Com Usd1 0.01%
Apa Group Npv 0.01%
Noble Energy Inc Com Usd0.01 0.01%
Cenovus Energy Inc Com Npv 0.01%
Omv Ag Npv(Var) 0.01%
Devon Energy Corp New Com 0.01%

Weapons

GMOs

Novozymes A/S Ser'B'Dkk2 (Post Cons) 0.01%

Human Rights & Environmental Violations

Nestle Holdings Inc. 0.01%
Sempra Energy Com Npv 0.05%

Animal Testing

Reckitt Benckiser Treasury Services Plc 0.014%
Nestle Holdings Inc. 0.011%
Coca-Cola Co. 0.011%
Procter & Gamble Com Npv 0.391%
Pepsico Inc Cap Usd0.016666 0.240%
L'Oreal Eur0.20 0.093%
Unilever Plc Ord Gbp0.031111 0.082%
Colgate-Palmolive Com Usd1 0.069%
Danone Eur0.25 0.064%
Ecolab Inc Com 0.063%
Kimberly-Clark Cp Com Usd1.25 0.058%
Givaudan Ag Chf10 0.034%
Koninklijke Dsm Nv Eur1.5 0.027%
Akzo Nobel Nv Eur0.50(Post Rev Split) 0.026%
Clorox Co Del Com 0.024%
Henkel Ag&Co. Kgaa Non-Vtg Prf Npv 0.024%
Coca-Cola European Ord Eur0.01 0.016%
International Flavors&Fragranc Com 0.016%
Beiersdorf Ag Npv 0.014%
Burberry Group Ord Gbp0.0005 0.013%
Novozymes A/S Ser'B'Dkk2 (Post Cons) 0.012%
Henkel Ag & Co Kgaa 0.012%
Solvay Sa Npv 0.010%

Download the fund's disclosure statement and portfolio holdings.

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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.