Mix

This is the actual mix of growth assets (shares, property) and income assets (bonds, cash) that this fund held on 30 June 2020. The average mix for growth 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 2020. Average fees for growth 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 2020, after fees and taxes. Compare with the average growth KiwiSaver fund (in grey).

Returns

Key facts

Here is what the provider says about this managed fund

The Socially Responsible Investment High Growth Fund invests predominantly in growth assets, with little or no income assets. It excludes investments which do not satisfy certain socially responsible investment criteria. It is suited to investors looking for an investment that reflects their personal values, who are comfortable with a high level of risk in order to potentially achieve higher returns. This fund has been certified by the Responsible Investment Association Australasia (RIAA).

Fund start date

21 May 2010

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 2020.

You can also see the average for Growth funds, which typically hold from 63% to 90% of growth assets.

This fund's asset mix

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

Shares

Breakdown on Shares assets
ACTUAL TARGET AVERAGE
Total 82.60% 68.05%
International shares 56.76% 54.00% 44.89%
Australasian shares 25.84% 32.00% 23.16%

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 4.26% 4.89%
Listed property 4.26% 12.00% 4.01%
Unlisted property 0.00% 0% 0.87%

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% 3.41%
Commodities 0.00% 0% 0.46%
Other 0.00% 0% 2.96%
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 6.11% 15.42%
New Zealand bonds 2.39% 0% 7.34%
International bonds 3.72% 0% 8.08%

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 7.03% 8.23%
Cash and equivalents 7.03% 2.00% 8.23%

About cash

Cash is a kind of investment that generally pays you interest. (An exception to this are shariah-compliant funds, which can hold cash but are prohibted from earning interest.) Cash typically includes term deposits, floating-rate notes and money market accounts. Cash, which is often a loan to a bank, is considered an income asset. Here's more on investing in term deposits.

Top 10 investments

These assets make up 27.44% of this fund.

Asset Asset class Type Country % of Fund
FISHER & PAYKEL HEALTHCARE CORPORATION LTD Shares Australasian equities NZ 4.26%
MICROSOFT CORPORATION Shares International equities US 4.08%
VANGUARD ETHICALLY CONSCIOUS GBL AGG BOND INDEX FUND NZD HGD Fund AU 3.74%
NZ CASH (BNZ BANK TRUST ACCOUNT) Cash Cash and equivalents NZ 3.00%
THE A2 MILK COMPANY LIMITED Shares Australasian equities NZ 2.79%
ROCHE HOLDING AG Shares International equities CH 2.20%
VANGUARD INT'L PROP SEC. INDEX FUND (AUD HGD) Fund AU 2.09%
SPARK NEW ZEALAND LIMITED Shares Australasian equities NZ 1.86%
THE HOME DEPOT, INC Shares International equities US 1.83%
LINDE PLC Shares International equities US 1.59%
Full list of investments this fund holds
xlsx, 23 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 2020. You can compare these with fees for the average growth KiwiSaver fund (in grey).

Fees breakdown

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

Fee Type % For Year Ending 31/03/2020 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.

1.17%
AVG: 0.96%
$117.00
AVG: $95.78
Other

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

0.13%
AVG: 0.15%
$13.00
AVG: $15.20
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: 0.02%
$0.00
AVG: $1.75
Membership

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

0.36%
AVG: 0.30%
$36.00
AVG: $30.36
Total combined fees

These are a total of management and administration charges and performance-based fees for the year ending 31 March 2020. They do not include fees for activities like transferring or withdrawing.

1.66%
AVG: 1.43%
$166.00
AVG: $143.09

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 growth 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 growth 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, 671 KB

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, 671 KB

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, 189 KB

Complete asset portfolio

Browse through the complete list of investments held by this fund.

xlsx, 23 KB

Additional disclosure documents

These are more documents from the provider that can contain interesting information.

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pdf, 332 KB
pdf, 371 KB
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pdf, 277 KB
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pdf, 295 KB
pdf, 300 KB
pdf, 638 KB
pdf, 506 KB
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pdf, 400 KB
pdf, 393 KB
pdf, 650 KB
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pdf, 311 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, 291 KB

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
DAVID BEATTIE Principal, Booster Financial Services Limited 1 year, 10 months
NIC CRAVEN Senior Manager - Research, Booster Financial Services Limited 1 year, 10 months
ALLAN YEO Managing Director, Booster Financial Services Limited 21 years, 10 months
ROWAN CALVERT Portfolio Manager - Global Equities, Booster Financial Services Limited 2 years, 5 months
AARON USHER Portfolio Manager - Australasian Equities, Booster Financial Services Limited 2 years, 5 months

Additional details

Manager details

Name

BOOSTER INVESTMENT MANAGEMENT LIMITED

Type

NZ Limited Company

NZBN

Supervisor

Name

PUBLIC TRUST

Fund details

Asset liquidity ratio

100.00%

Total value of fund

$79,770,646.71

Debt ratio

0.13%

Continuous issue

Yes

Default KiwiSaver

Yes

Lifecycle option

No

Multi-fund option

No

Schedule 1 exemption

No

FMA exemption

No

Number of members

4,354

Reference numbers

Fund

FND1288: SOCIALLY RESPONSIBLE INVESTMENT HIGH GROWTH FUND

Offer

OFR10843: BOOSTER KIWISAVER SCHEME

Scheme

SCH10841: BOOSTER 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

growth 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.