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CHILDREN'S SCHOLARSHIP FUND (NEW ZEALAND) NO. 1

CHILDREN'S SCHOLARSHIP FUND (NEW ZEALAND) NO. 1

CHILDREN'S SCHOLARSHIP FUND (NEW ZEALAND)

FUTURITY INVESTMENT GROUP LIMITED
asg.co.nz

Managed fund
Defensive
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There are some aspects of this fund which may require extra consideration before deciding to invest.

FMA exemption

Some funds are exempted from the disclosure requirements, so certain information may not be available for these offers. Or the information provided might be in a different form, given the bespoke nature of the offer. Here's more on Financial Markets Authority exemptions.

Financial Market Conduct (Australian Scholarships Group Friendly Society Limited) Exemption Notice 2016 pursuant to Section 556 FMCA 2013 in relation to holding assets of scheme effective 5 December 2015

Mix data not available

Mix data is currently unavailable for this fund. This means we cannot show you the breakdown of how the fund's assets are allocated across different investment types such as shares, property, bonds, and cash.

Mix

Mix

This investment mix shows what this fund holds (in teal): the proportion of growth assets (shares, commercial property, or other) or income assets (bonds or cash). You can compare it with the average mix for this type of fund (in grey).

It's important to know that this shows what the fund actually held in the most recent quarter, not necessarily what its target is over the long term. Fund managers may vary their investment mix depending on market conditions, so occasionally this can cause a fund to temporarily change categories (e.g. balanced to conservative).

As you invest, your mix (often called asset allocation) is the most significant factor that will determine the results you get, including the ups and downs in value you experience. Choosing a specific mix is a way of dialling your risk up or down, depending on the amount of growth assets you take on board.

For the most appropriate mix for you and your situation (often called your risk profile), see Sorted's investor kickstarter for managed funds, or answer these three questions for KiwiSaver funds.

Mix data is not available

No average available

Mix

Fees

Fees

Fees shown here (in purple) are based on what you would pay over a year if you had $30,000 in this fund. This includes both flat fees for membership and percentage fees.

The emptiest "doughnut" graph shows the fund with the lowest fees – a full one shows the one with the highest. You can compare each fund's fees to the average fees for this type of fund (in grey).

Fees cover the fund manager's costs. But the fees eat away at your results, so it's important to take note of fees. Higher fees don't necessarily mean better results – sometimes just the opposite.

Percentages make these fees seem tiny, but over long periods of time they typically add up to tens of thousands of dollars. To get an idea, see Sorted's KiwiSaver fund finder. Here's even more about fees.

1.15 % No average available

Fees shown here (in purple) are based on what you would pay over a year if you had $30,000 in this fund. Compare with the average fees for defensive managed funds (in grey).

Fees

Returns

Returns

The return figures here show how much this fund has grown in value on average each year over the past five years (in green). This is after fees and taxes have been taken out.

A full "doughnut" graph here shows the fund with the highest 5-year return. You can compare each fund's results with the average for this type of fund (in grey).

Returns are the money that comes back to you from investing. They typically come from your investment becoming worth more, either because someone is willing to pay more for it, or from the money it spins off (such as profits you share when you invest in a company).

Chasing returns always brings a certain amount of risk with it. The higher returns you seek, the more risk you have to take on. These returns figures can be both positive and negative. Here's more on risk and return. 

2.58% Average 1.15%

Returns (in green) show how much this fund has grown in value in five years up to 31 March 2026 – after fees and taxes. Compare with the average defensive managed fund (in grey).

Returns
Compare with other defensive managed funds Product disclosure statement

The details

Key facts

Here is what the provider says about this managed fund

“ The Children’s Scholarship Fund No. 1 (New Zealand) was established with the aim of assisting you in saving to help offset the cost of your children’s education. One of the key benefits of the Fund is a post-secondary Bursary Benefit that is paid to your child during each year that they successfully complete an approved post-secondary course (up to a maximum of three years). ”

Provider website
asg.co.nz

Fund start date
21 September 2001

Mix

Mix not yet available - there may be no data yet, or the data has issues. So this fund can't yet be compared to others, or to an average.

Different mix, different result

As you invest, your mix (often called "asset allocation") is the most significant factor that will determine the results you get, including the ups and downs in value you experience. It's important to get right.

Choosing a specific mix is a way of dialling your risk up or down, depending on the amount of growth assets you take on board. The more risk you take on, the higher your returns are likely to be, although this is no sure thing. That's what risk is all about.

For the most appropriate mix for you and your situation (often called your "risk profile"), see Sorted's investor kickstarter for managed funds, or answer these three questions for KiwiSaver funds.

Fees

1.15 % This fund

No data available Average defensive managed funds


Fees shown here (in purple) are based on what you would pay over a year if you had $30,000 in this fund. You can compare these with fees for the average defensive managed fund (in grey).

Fees: why less is more

You do not always get what you pay for when investing. With fund fees, paying more does not mean you necessarily get better results. It's often the opposite: the more we pay, the less we get. This is because the returns we receive are after any fees and taxes get paid.

Since no one can tell the future and how the different funds will do, it's best to choose one with low fees where possible. For more, see Flipping the thinking on fees.

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 % Over a Year Amount Paid on a 30k 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.
1.00%

AVG: 0.00%
$300.00

AVG: $0.00

Other

This is a summary of other potential costs not covered in the categories displayed.
0.00%

AVG: 0.00%
$0.00

AVG: $0.00

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: 0.00%
None

AVG: $0.00

Membership

You pay this membership charge (a flat fee) each year, regardless of your balance or the fund's performance.
0.15%

AVG: 0.00%
$44.00

AVG: $0.00

Total combined fees

These are a total of management and administration charges and performance-based fees over a year. They do not necessarily include fees for activities like transferring or withdrawing.
1.15%

AVG: 0.00%
$344.00

AVG: $0.00

Returns

2.58% This fund

1.15% Average defensive managed funds


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 defensive managed funds (in grey).

Returns: living in the past

Seeking returns is what investing is all about, but those shown here are already gone; they won't continue.

It's unwise to choose a fund based on how well it has done in the past. There are a lot of other criteria to make a smart choice, such as the right investment mix for you and reasonable fees.

Yearly returns

These annual returns (in green) were for the 12 months up to 31 March 2026 You can compare them to the average defensive managed fund (in grey).

MARCH
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
This fund
9.50%
8.25%
5.30%
2.60%
5.00%
10.00%
-3.75%
2.95%
3.70%
0.00%
Average
2.92%
2.12%
2.49%
2.75%
1.80%
2.78%
-2.69%
-0.76%
3.44%
3.81%

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.

Children’s Scholarship Fund No 1 and No 2 (NZ) 010318.pdf

How this investment works, including about the provider, risks, costs and potential returns

PDF, 703.62 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).

Lower risk

Higher risk

1 2 3 4 5 6 7

Potentially lower returns

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.

Children’s Scholarship Fund No 1 and No 2 (NZ) 010318.pdf

How this investment works, including about the provider, risks, costs and potential returns

PDF, 703.62 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.

CSF 1 NZ March 2026 Quarterly Fund Update.pdf

The quarterly update published by the provider

PDF, 223.87 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.

Children's Scholarship Fund (New Zealand)closed SIPO 29.06.22 Final.pdf

Statement of investment policy and objectives

PDF, 222.37 KB

Complete asset portfolio

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

CHILDREN'S SCHOLARSHIP FUND (NEW ZEALAND) NO. 1 (FND3746) Full portfolio holdings 31 March 2026.xlsx

Download the full portfolio holdings.

XLSX, 0.33 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

SAM SONDHI

Chief Executive Officer

2 years, 9 months

KEVIN ROBERTS

Chief Operating Officer

5 months

PETER TAUBMAN

Executive General Manager – Financial Services

17 years, 4 months

JACQUELINE JENNINGS

Chair of the Investment Committee

10 years, 5 months

JACQUELINE JENNINGS

Chair of the Futurity Board

7 months

Additional details


Manager details

Name

FUTURITY INVESTMENT GROUP LIMITED

Website

asg.co.nz

FSP Number

FSP53922

View on Financial Service Providers Register

Supervisor

Name

COVENANT TRUSTEE SERVICES LIMITED

Fund details

Asset liquidity ratio

100.00%

Asset liquidity ratio

This is the minimum cash available to a fund. It shows how much of the fund is in cash, or can readily be turned into cash, to operate and meet current or future obligations, including investors redeeming units (formula: liquid assets divided by fund assets).

Total value of fund

$0.00

Total value of fund

This is the total value of assets that this fund holds, and is updated quarterly by the fund managers.

Debt ratio

0.00%

Debt ratio

This is the proportion of a company's assets that is financed by debt (formula: total liabilities divided by total assets). The higher the debt ratio is, the greater the financial risk. A debt ratio greater than 100%, for example, would mean that the company has more debt than assets.

Continuous issue

No

Continuous issue

This fund is able to receive money and issue units at any time. The provider, in the ordinary course of its business, "continuously offers" units in the fund. (Units can also be redeemed fairly quickly.)

Default KiwiSaver

No

Default KiwiSaver

If you or your employer have not made an active choice of which KiwiSaver fund to be in, Inland Revenue puts you in a low-risk, conservative "default" fund run by one of nine government-appointed providers. It's meant to be temporary until you make a decision as to which fund suits you and your situation.

Lifecycle option

No

Lifecycle option

"Life-stage" or "lifecycle" funds adjust their investment mix over time. As a member gets older, the amount of riskier assets they hold is reduced, and the fund will change type – from growth to balanced to conservative.

Multi-fund option

No

Multi-fund option

This means you have the ability as an investor to select from a range of funds. You can mix different funds, such as conservative or growth funds, and invest in the different kinds of assets they hold. However, many times there may be another fund entirely, such as a balanced fund, that already has the mix of growth and income assets you're looking for.

Schedule 1 exemption

No

Schedule 1 exemption

This investment offer has a Schedule 1 exemption, which means there is not as much required to be disclosed about it as others. There will be fewer documents to see. Here's more about Schedule 1.

FMA exemption

Yes

FMA exemption

Some funds are exempted from disclosure requirements, so certain information may not be available for these offers. Or the information provided might be in a different form, given the bespoke nature of the offer. Here's more on Financial Markets Authority exemptions.

Number of members

0

Reference numbers

Fund

FND3746: CHILDREN'S SCHOLARSHIP FUND (NEW ZEALAND) NO. 1

View on Disclose Register

Offer

OFR11818: CHILDREN'S SCHOLARSHIP FUND (NEW ZEALAND) NO.1

View on Disclose Register

Scheme

SCH11809: CHILDREN'S SCHOLARSHIP FUND (NEW ZEALAND)

View on Disclose Register

Next Steps

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

This is a

defensive managed fund

Compare with other defensive managed funds

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.

Children’s Scholarship Fund No 1 and No 2 (NZ) 010318.pdf

How this investment works, including about the provider, risks, costs and potential returns

PDF, 703.62 KB

Fund update (most recent)

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

CSF 1 NZ March 2026 Quarterly Fund Update.pdf

The quarterly update published by the provider

PDF, 223.87 KB

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. asg.co.nz