Mix

This is the actual mix of growth assets (shares, property) and income assets (bonds, cash) that this fund held on 31 March 2019. The average mix for balanced KiwiSaver funds is in grey.

Mix
Fees

The fees shown here (in purple) are what you would have paid if you had $10,000 in this fund during the year ending 31 March 2019. Average fees for balanced KiwiSaver funds are in grey.

Fees
Returns

Returns here (in green) show how much this fund has grown in value over the five years up to 30 June 2019, after fees and taxes. Compare with the average balanced KiwiSaver fund (in grey).

Returns

Key facts

Here is what the provider says about this managed fund

A diversified portfolio with a balance between income and growth assets where investments are selected based on our environmental sustainability and socially responsible criteria targeting a return above the Fund’s benchmark. 

Provider website

quaystreet.com

Fund start date

12 November 2007

When can you get your money out?

This is a KiwiSaver fund, which means generally you can withdraw only to purchase a first home, after the age of 65 or in cases of financial hardship.

Mix



This is a snapshot of the proportion of growth assets (shares, property, other) or income assets (cash, bonds) that this fund held on 31 March 2019.

You can also see the average for Balanced funds, which typically hold from 35% to 63% of growth assets.

This fund's asset mix

  • Growth assets
  • Income assets
  • ASSET TYPE
  • THIS FUND
  • AVERAGE OF ALL BALANCED KIWISAVER FUNDS

Shares

Breakdown on Shares assets
ACTUAL TARGET AVERAGE
Total 53.80% 44.22%
International shares 37.93% 0%-100% 28.24%
Australasian shares 15.87% 0%-100% 15.98%

About shares

Buying shares gives you part ownership in a company and can bring returns from your share of the profits (dividends) or from selling the shares for more than you paid. Shares are growth assets and are also known as equities or stock. Here's more on the basics of shares.

Property

Breakdown on Property assets
ACTUAL TARGET AVERAGE
Total 0.45% 4.42%
Listed property 0.45% 0%-40% 3.75%
Unlisted property 0.00% 0%-40% 0.67%

About property

Property refers to commercial real estate (not the family home) owned through property trusts or companies that own or develop real estate as their business. Properties are growth assets and can be listed on an exchange or be unlisted.

Other

Breakdown on Other assets
ACTUAL TARGET AVERAGE
Total 0.00% 1.72%
Commodities 0.00% 0%-0% 0.21%
Other 0.00% 0%-0% 1.51%
Unknown 0.00% 0% 0.00%

What "other" means

This category can include alternative investments such as derivatives, often through a hedge fund. These "other" investments are typically considered growth assets, or high-risk investments.

Bonds

Breakdown on Bonds assets
ACTUAL TARGET AVERAGE
Total 23.63% 37.19%
New Zealand bonds 18.00% 0%-60% 15.87%
International bonds 5.63% 0%-60% 21.32%

About bonds

A bond is a bit like a term deposit at a bank, but it's effectively a loan you make to a company or government which they promise to pay back in full on a specific date. Until then, you receive regular interest at a fixed or agreed rate. Bonds are income assets and can also be called "fixed interest" or "debt securities". Since they can typically be traded on a secondary market, their value can go up and down. Here's more on the basics of bonds

Cash

Breakdown on Cash assets
ACTUAL TARGET AVERAGE
Total 22.12% 12.45%
Cash and equivalents 22.12% 0%-60% 12.45%

About cash

Cash is a kind of investment that pays you interest. It includes term deposits, floating-rate notes and money market accounts. Cash, which is often a loan to a bank, is an income asset. Here's more on investing in term deposits.

Top 10 investments

These assets make up 64.25% of this fund.

Asset Asset class Type Country % of Fund
CASH ANZ (NZD) Cash Cash and equivalents NZ 15.98%
MSCI WORLD ESG LEADERS TRS Shares International equities US 15.16%
VANGUARD ESG US STOCK ETF Shares International equities US 7.33%
ISHARES MSCI KLD 400 SOCIAL Shares International equities US 4.96%
ASBNZ TERM DEPOSIT 2.40% 14/08/2020 Cash Cash and equivalents NZ 4.83%
BANK OF CHINA TERM DEPOSIT 3.29% 27/07/2020 Cash Cash and equivalents NZ 4.62%
CASH CITIBANK (AUD) Cash Cash and equivalents AU 3.71%
ANZNZ TERM DEPOSIT 2.84% 27/11/2019 Cash Cash and equivalents NZ 3.39%
CONTACT ENERGY GREEN BOND (AUG 2024) Bonds New Zealand fixed interest NZ 2.34%
ISHARES MSCI EUROPE SRI ETF Shares International equities DE 1.93%
Full list of investments this fund holds
xlsx, 31 KB

Fees



These are the fees you would have paid (in purple) if you had $10,000 in this fund during the 12 months that ended on 31 March 2019. You can compare these with fees for the average balanced KiwiSaver fund (in grey).

Fees breakdown

Here's a breakdown of the different charges in this fund (in purple), compared to the average balanced KiwiSaver fund (in grey).

Fee Type % For Year Ending 31/03/2019 Amount Paid on a 10K Balance
Management

This fee is charged to you by the fund manager on the fund or an underlying fund, and is based on a percentage of your balance.

0.89%
AVG: 0.84%
$89.00
AVG: $83.69
Other

This is a summary of other potential costs not covered in the categories displayed.

0.18%
AVG: 0.15%
$18.00
AVG: $15.24
Performance-based

These fees are based on the performance of the fund or underlying fund. When the fund performs well, these will be higher.

None
AVG: 0.01%
$0.00
AVG: $0.97
Membership

You pay this membership charge (a flat fee) each year, regardless of your balance or the fund's performance.

0.40%
AVG: 0.29%
$40.04
AVG: $28.65
Total combined fees

These are a total of total of management and administration charges and performance-based fees for the year ending 31 March 2019. They do not include fees for activities like transfering or withdrawing.

1.47%
AVG: 1.28%
$147.04
AVG: $128.54

Returns


For the past five years, this fund returned this average each year to investors (in green). This was after fees and taxes (28% PIR) were taken out. To compare, you can see the average return over the same time for all balanced KiwiSaver funds (in grey).

Yearly returns

These annual returns (in green) were for the 12 months up to 31 March 2019. You can compare them to the average balanced KiwiSaver fund (in grey).

Risks

Specific risks for this fund

Chasing higher returns while investing always increases risks. Several kinds of risks, actually. It is important to evaluate whether the returns are worth it, whether you can cope, and whether this investment will in fact help you achieve your goals. Also, since the way an investment is structured can make it riskier, it's important to understand how it works.

You'll find the specific risks in the Risk section of the PDS, and here's more about understanding risk.

pdf, 5.3 MB

Risk indicator

This is a gauge of how volatile this investment has been – how much it has gone up and down in value. It has been calculated based on the fund's five-year performance (or an appropriate market index if it has not been around that long).

The left side of this range of numbers indicates a Lower risk

The right side of this range of numbers indicates a Higher risk

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7

The left side of this range of numbers indicates Potentially
lower returns

The right side of this range numbers indicates Potentially
higher returns

Key documents

These are the most important documents that a provider is required to file about this investment.

Product disclosure statement

Before you invest in a product like a fund, you are given a PDS which has essential details about it and the company providing it. Here's more on how to read a PDS.

pdf, 5.3 MB

Fund update (most recent)

This update from the provider lets you see much of the same information shown here in Smart Investor: how this fund is performing, what it costs and the investments it currently holds.

pdf, 421 KB

Statement of investment policy and objectives (SIPO)

A SIPO tells you where the fund managers are coming from. It sets out the governance and management framework, philosophy, strategies and objectives for this investment.

pdf, 2.5 MB

Key personnel

These are the directors and employees who have the most influence on investment decisions for this fund.

Name Current position Time in role
JAMES RING Investment Manager International Equities 5 years, 3 months
ANDREW SOUTH Investment Manager Australasian Equities 5 years, 3 months
ROY CROSS Senior Analyst 5 years, 3 months
STEFAN STEVANOVIC Senior Analyst 5 years, 3 months

Additional details

Manager details

Name

QUAYSTREET ASSET MANAGEMENT LIMITED

Type

NZ Limited Company

Website
NZBN

Supervisor

Name

THE NEW ZEALAND GUARDIAN TRUST COMPANY LIMITED

Fund details

Asset liquidity ratio

100.00%

Total value of fund

$9,750,613.00

Debt ratio

0.06%

Continuous issue

Yes

Default KiwiSaver

No

Lifecycle option

No

Multi-fund option

No

Schedule 1 exemption

No

FMA exemption

No

Number of members

413

Reference numbers

Fund

FND824: QUAYSTREET SOCIALLY RESPONSIBLE INVESTMENT FUND

Offer

OFR10673: QUAYSTREET KIWISAVER SCHEME

Scheme

SCH10663: QUAYSTREET KIWISAVER SCHEME

Next steps

Want to know more about this investment or how it compares to others? Have a look at its peers.

This is a

balanced KiwiSaver fund

Product disclosure statement

Take a deeper dive into the PDS, which has essential details about this offer and the company providing it. Here's more on how to read a PDS.

Fund update (most recent)

These are provided to members of the fund (usually once each quarter) to update them on its performance.

Getting investment advice

Good advice is gold. Everyone can benefit from expert advice, provided the adviser has your interests at heart. Here's how to find one and key questions to ask. 

Interested in investing in this offer? Visit the provider's website. quaystreet.com