- Minimum investment
$0
- Fund start date
06 September 2015
Mix
This is the actual mix of growth assets (shares, property) and income assets (bonds, cash) that this fund held on 30 September 2019. The average mix for balanced managed funds is in grey.
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 managed funds are in grey.
Returns
Returns here (in green) show how much this fund has grown in value over the five years up to 30 September 2019, after fees and taxes. Compare with the average balanced managed fund (in grey).
Key facts
Here is what the provider says about this managed fund
“ The Socially Responsible Balanced Fund invests in a balanced mix of income and growth 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 medium level of risk and are willing to accept a medium level of returns. ”
When can you get your money out?
For this managed fund (i.e. not a KiwiSaver fund), see the section of the PDS on withdrawing funds and how this works. Also, look for information about how long it takes to actually get paid after requesting a withdrawal, whether regular withdrawals are possible, and how often.
Mix
This is a snapshot of the proportion of growth assets (shares, property, other) or income assets (cash, bonds) that this fund held on 30 September 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 MANAGED FUNDS
Shares
Property
Breakdown on Property assets
| ACTUAL | TARGET | AVERAGE | |
|---|---|---|---|
| Total | 7.06% | — | 3.62% |
| Listed property | 7.06% | 7.00% | 3.01% |
| Unlisted property | 0.00% | 0% | 0.61% |
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% | — | 2.92% |
| Commodities | 0.00% | 0% | 1.15% |
| Other | 0.00% | 0% | 1.77% |
| 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 | 40.39% | — | 38.77% |
| New Zealand bonds | 14.50% | 17.00% | 17.65% |
| International bonds | 25.89% | 26.00% | 21.12% |
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 | 5.68% | — | 12.11% |
| Cash and equivalents | 5.68% | 2.00% | 12.11% |
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 56.87% of this fund.
| Asset | Asset class | Type | Country | % of Fund |
|---|---|---|---|---|
| VANGUARD ETHICALLY CONSCIOUS GBL AGG BOND INDEX FUND NZD HGD | Fund | AU | 25.90% | |
| UBS MSCI WORLD SOCIALLY RESPONSIBLE UCITS ETF | Fund | DE | 15.10% | |
| VANECK VECTORS MSCI INTERNATIONAL SUSTAINABLE EQUITY ETF | Fund | US | 3.77% | |
| VANGUARD INT'L PROP SEC. INDEX FUND (AUD HGD) | Fund | AU | 3.51% | |
| NZ CASH (BNZ BANK TRUST ACCOUNT) | Cash | Cash and equivalents | NZ | 2.40% |
| NZ GOVT STOCK 6.0% 15/05/2021 | Bonds | New Zealand fixed interest | NZ | 1.57% |
| NEW ZEALAND GOVERNMENT STOCK 3.0% 20/04/2029 | Bonds | New Zealand fixed interest | NZ | 1.20% |
| ANZ BANK - TD 17 DEC 2019 @ 2.600% | Cash | Cash and equivalents | NZ | 1.16% |
| FISHER & PAYKEL HEALTHCARE CORPORATION LTD | Shares | Australasian equities | NZ | 1.15% |
| NZ GOVT STOCK 4.5% 15/04/2027 | Bonds | New Zealand fixed interest | NZ | 1.11% |
Full list of investments this fund holds
BIS - SRB - 1301 - Sep 2019.xlsx
A complete list of the fund's holdings
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 managed fund (in grey).
Fees breakdown
Here's a breakdown of the different charges in this fund (in purple), compared to the average balanced managed fund (in grey).
| Fee Type | % For Year Ending 31/03/2019 | Amount Paid on a 10K Balance |
|---|---|---|
ManagementThis 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. |
2.67%
AVG: 1.13%
|
$267.00
AVG: $112.63
|
OtherThis is a summary of other potential costs not covered in the categories displayed. |
0.13%
AVG: 0.25%
|
$13.00
AVG: $25.27
|
Performance-basedThese fees are based on the performance of the fund or underlying fund. When the fund performs well, these will be higher. |
None
AVG: 0.03%
|
$0.00
AVG: $2.91
|
MembershipYou pay this membership charge (a flat fee) each year, regardless of your balance or the fund's performance. |
0.00%
AVG: 0.15%
|
$0.00
AVG: $15.00
|
Total combined feesThese 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. |
2.80%
AVG: 1.56%
|
$280.00
AVG: $155.80
|
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 managed 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 managed 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.
Investment Series - Multi-sector Funds PDS - 31 May 2018.pdf
How this investment works, including about the provider, risks, costs and potential returns
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.
Investment Series - Multi-sector Funds PDS - 31 May 2018.pdf
How this investment works, including about the provider, risks, costs and potential returns
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.
2019 09 30 - Investment Series SRI Balanced Fund.pdf
The quarterly update published by the provider
Complete asset portfolio
Browse through the complete list of investments held by this fund.
BIS - SRB - 1301 - Sep 2019.xlsx
A complete list of the fund's holdings
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
Focus Series Funds PDS - 29 September 2017.pdf
Booster Investment Scheme - Specialist Series Funds PDS - 19-09-2016.pdf
Investment Series - Income Funds & Corporate Bond Fund PDS - 29 September 2017.pdf
Investment Series - Enhanced Cash Portfolio & Income Securities Portfolio PDS - 29 September 2017.pdf
Booster Investment Scheme - Booster Tahi Fund PDS - 13-09-2017.pdf
Booster Investment Scheme - Private Land and Property Portfolio PDS - 21 March 2018.pdf
Booster Investment Scheme OMI dated 16 October 2018.pdf
Responsible Investment Policy - Booster Investment Scheme - 20 April 2018.pdf
Booster Investment Scheme Other Material Information document dated 1 April 2019.pdf
Investment Series - Focus Series Funds PDS - 1 Jul 2019.pdf
Booster Investment Scheme Other Material Information Document dated 1 July 2019.pdf
Booster Investment Scheme Other Material Information document dated 30 July 2019.pdf
Booster Investment Scheme Other Material Information document dated 15 October 2019.pdf
Booster - Approach to Responsible Investing.pdf
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.
Booster Investment Scheme - SIPO - December 2019.pdf
Strategies and objectives for this investment
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, 4 months |
| NIC CRAVEN | Senior Manager - Research, Booster Financial Services Limited | 1 year, 4 months |
| ALLAN YEO | Managing Director, Booster Financial Services Limited | 21 years, 4 months |
| ROWAN CALVERT | Portfolio Manager - Global Equities, Booster Financial Services Limited | 1 year, 11 months |
| AARON USHER | Portfolio Manager - Australasian Equities, Booster Financial Services Limited | 1 year, 11 months |
Additional details
Manager details
Name
BOOSTER INVESTMENT MANAGEMENT LIMITED
Type
NZ Limited Company
NZBN
9429037597320
FSP Number
Supervisor
Name
PUBLIC TRUST
Fund details
Asset liquidity ratio
100.00%
Total value of fund
$21,529,467.91
Debt ratio
0.04%
Continuous issue
Yes
Default KiwiSaver
No
Lifecycle option
No
Multi-fund option
No
Schedule 1 exemption
No
FMA exemption
No
Number of members
89
Reference numbers
Fund
FND1301: SOCIALLY RESPONSIBLE BALANCED FUND
Offer
OFR10852: BOOSTER INVESTMENT SCHEME
Scheme
SCH10844: BOOSTER INVESTMENT SCHEME
Next steps
Want to know more about this investment or how it compares to others? Have a look at its peers.
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.