- Provider website
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 Markets Conduct (Sharesies KiwiSaver Scheme) Exemption Notice (No 2) 2023
Mix data not 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.
Mix
Fees
Fees shown here (in purple) are based on what you would pay over a year if you had $10,000 in this fund. Compare with the average fees for KiwiSaver funds (in grey).
Returns
Returns (in green) show how much this fund has grown in value in five years up to – after fees and taxes. Compare with the average KiwiSaver fund (in grey).
Key facts
Here is what the provider says about this managed fund
“ Invests wholly in a US exchange traded fund (ETF) that
provides exposure to large US companies. Designed for
investors that want exposure to a US fund that aims to
acheive higher returns over the long tem. ”
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
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.
Fees
Fees shown here (in purple) are based on what you would pay over a year if you had $10,000 in this fund. You can compare these with fees for the average KiwiSaver fund (in grey).
A comparison of averages is not available for this fund. See Mix details for more information.
Fees breakdown
Here's a breakdown of the different charges in this fund (in purple), compared to the average KiwiSaver fund (in grey).
| Fee Type | % Over a Year | 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. |
0.09%
|
$9.00
|
OtherThis is a summary of other potential costs not covered in the categories displayed. |
0.00%
|
$0.00
|
Performance-basedThese fees are based on the performance of the fund or underlying fund. When the fund performs well, these will be higher. |
None
|
$0.00
|
MembershipYou pay this membership charge (a flat fee) each year, regardless of your balance or the fund's performance. |
0.00%
|
$0.00
|
Total combined feesThese 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. |
0.09%
|
$9.00
|
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 KiwiSaver funds (in grey).
A comparison of averages is not available for this fund. See Mix details for more information.
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.
Product Disclosure Statement (PDS) - Sharesies KiwiSaver Scheme (14 May 2024).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.
Product Disclosure Statement (PDS) - Sharesies KiwiSaver Scheme (14 May 2024).pdf
How this investment works, including about the provider, risks, costs and potential returns
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
Other Material Information (OMI) - Sharesies KiwiSaver Scheme (29 February 2024).pdf
Investment Options Supplement (IOS) - Sharesies KiwiSaver Scheme (30 October 2024).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.
Statement of Investment Policy and Objectives (SIPO) - Sharesies KiwiSaver Scheme (14 May 2024).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 |
|---|---|---|
| LEIGHTON ROBERTS | Executive Director Chief Executive and |
3 years, 7 months |
| MATTHEW MACPHERSON | General Manager Super and Funds | 3 years, 7 months |
| NICK DOBSON | Investment Manager | 3 years, 7 months |
Additional details
Manager details
Name
SHARESIES INVESTMENT MANAGEMENT LIMITED
Type
NZ Limited Company
Website
NZBN
9429049537208
FSP Number
Supervisor
Name
TRUSTEES EXECUTORS LIMITED
Fund details
Asset liquidity ratio
100.00%
Continuous issue
Yes
Default KiwiSaver
No
Lifecycle option
No
Multi-fund option
No
Schedule 1 exemption
No
FMA exemption
Yes: Financial Markets Conduct (Sharesies KiwiSaver Scheme) Exemption Notice (No 2) 2023
Number of members
0
Reference numbers
Fund
FND55243: SHARESIES US500 FUND
Offer
OFR13481: SHARESIES KIWISAVER SCHEME
Scheme
SCH13472: SHARESIES KIWISAVER 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.
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. sharesies.nz