- Provider website
- Fund start date
23 July 2019
Here is what the provider says about this managed fund
“ An ethical portfolio with a balance between growth assets and income assets. This Fund’s value is likely to fluctuate more than the Conservative Fund but less than the Growth Fund. ”
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.
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 2021.
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
Breakdown on Property assets
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.
Breakdown on Other assets
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.
Breakdown on Bonds assets
|New Zealand bonds||12.59%||10%||18.31%|
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.
Breakdown on Cash assets
|Cash and equivalents||31.77%||10%||10.50%|
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 42.64% of this fund.
|Asset||Asset class||Type||Country||% of Fund|
|CASH AT BANK - NZD - INTERACTIVE BROKERS||Cash||Cash and equivalents||NZ||20.59%|
|WESTPAC TERM DEPOSIT FROM 10/12/2020 TO 08/06/2021||Cash||Cash and equivalents||NZ||5.18%|
|CORT TO 21/03/2026||Bonds||New Zealand fixed interest||NZ||3.89%|
|WLB ASSET II B||Bonds||International fixed interest||US||2.23%|
|WESTPAC TERM DEPOSIT 12/01/2021 12/07/2021||Cash||Cash and equivalents||NZ||2.09%|
|MCYNZ 29/09/2026||Bonds||New Zealand fixed interest||NZ||2.07%|
|PWA - NZD - CASH AT CALL||Cash||Cash and equivalents||NZ||1.85%|
|MICROSOFT CORPORATION||Shares||International equities||NZ||1.64%|
|WESTPAC TERM DEPOSIT FROM 15/02/2021 TO 15/02/2022||Cash||Cash and equivalents||US||1.56%|
|BR LAND CO (BREMNER) 28 FEB 2022||Bonds||New Zealand fixed interest||NZ||1.54%|
Full list of investments this fund holds
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 2021. You can compare these with fees for the average balanced KiwiSaver fund (in grey).
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 31/03/2021||Amount Paid on a 10K Balance|
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.
This is a summary of other potential costs not covered in the categories displayed.
These fees are based on the performance of the fund or underlying fund. When the fund performs well, these will be higher.
You pay this membership charge (a flat fee) each year, regardless of your balance or the fund's performance.
Total combined fees
These are a total of management and administration charges and performance-based fees for the year ending 31 March 2021. They do not include fees for activities like transferring or withdrawing.
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).
These annual returns (in green) were for the 12 months up to 31 March 2021. You can compare them to the average balanced KiwiSaver fund (in grey).
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.
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
The left side of this range of numbers indicates
The right side of this range numbers indicates
These are the most important documents that a provider is required to file about this investment.
Product disclosure statement
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.
Final Pathfinder KiwiSaver Balanced Fund March 2021.pdf
Complete asset portfolio
Browse through the complete list of investments held by this fund.
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
CareSaver - OMI.pdf
CareSaver - Ethical Investment Policy.pdf
CareSaver Ethical Investment Policy 2020.pdf
OMI v1.2 Oct 2020-Final.pdf
FMC Exemption Notice 2020.pdf
Pathfinder OMI KiwiSaver Plan 2021.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.
Pathfinder KiwiSaver Plan SIPO 2021 Apr.pdf
These are the directors and employees who have the most influence on investment decisions for this fund.
|Name||Current position||Time in role|
|JOHN BERRY||CEO||12 years, 0 months|
|PAUL BROWNSEY||CIO||12 years, 0 months|
|JAMES CAUGHEY||Portfolio Manager||3 years, 7 months|
|NISH VYAS||Private Wealth Advisor||1 year, 2 months|
|KENT FRASER||Chair of Investment Committee||4 years, 6 months|
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.