Using the most recent returns and fund update reports from March 2022, we will examine KiwiWealth’s recent KiwiSaver Performance.
KiwiWealth KiwiSaver Scheme is the 5th largest KiwiSaver scheme in New Zealand with approximately $7 billion in funds under management. They actively manage their investment funds as well as adopting a responsible investing approach to their investments. This includes identifying opportunities and voting for positive change on ESG issues through their investment selection. This provider excludes controversial and sensitive industries from their investments.
Throughout May 2022, both the US Federal Reserve and the Reserve Bank of New Zealand increased their overnight interest by 0.50% in May with another two back-to-back 0.50% hikes are also expected in the upcoming months to fight the record-high inflation levels. The war in Ukraine also continues to rage on, with no signs of resolution on the horizon and eventually further pushing up prices across a few key commodities.
Table of Contents
Performance of KiwiWealth KiwiSaver Funds
News about KiwiWealth
Early this year, the Kiwi Wealth division was put up for sale and the sale has recently entered the final phase. If successful in its bid, he now $15 billion Fisher would vie with ASB for the title of second-largest fund manager in New Zealand while also replacing Westpac as the third-biggest KiwiSaver provider.
Performance of KiwiWealth KiwiSaver Funds
|
1 month |
3 months |
1 year |
3 years |
5 years |
Since Inception |
|
|
Cash |
0.11% |
0.28% |
0.69% |
1.14% |
1.76% |
2.55% |
|
Conservative |
-0.31% |
-3.66% |
-5.97% |
2.67% |
3.31% |
4.79% |
|
Balanced |
-0.91% |
-4.08% |
-4.51% |
6.08% |
5.86% |
5.95% |
|
Growth |
-1.43% |
-4.43% |
-3.20% |
9.01% |
8.02% |
6.45% |
Sourced from KiwiWealth fund performance report
*These returns are to 31 May 2022 and are before tax and after fund management fees. Past performance is not necessarily an indicator of future performance, and return periods may differ.
Note: The following information is sourced from KiwiWealth Quarterly Fund updates published on 2 May 2022.
KiwiWealth Cash Fund
The Cash Fund is invested 100% in cash assets with the goal of exceeding the returns you would receive from investing 100% of your funds in New Zealand cash through the active selection of cash assets. The fund has had a 1 year return of 0.69% and 5 years return of 1.76%.
*The following is Sourced from KiwiWealth Cash Fund Update
Returns
Fees
The total annual fees for investors in the KiwiWealth Cash Fund are 0.49% per year and as at 31 March 2022, the fund’s actual manager basic fee is charged at 0.45% per year.
Investment mix
The investment mix is 100% cash and cash equivalents due to being a Cash Fund.
Top ten investments
This table shows KiwiWealth’s top 10 investments in the Cash KiwiSaver Fund, which make up 35.79% of the fund.
KiwiWealth Conservative Fund
The Conservative Fund is invested up to 35% in shares and other growth assets with the remaining proportion allocated to cash and fixed interest assets. The fund has had a 1 year return of -5.97% and 5 year return of 3.31%.
*The following is Sourced from KiwiWealth Conservative Fund Update
Returns
Fees
The total annual fees for investors in the KiwiWealth Conservative Fund are 0.89% per year and as at 31 March 2022, the fund’s actual manager’s basic fee is charged at 0.83% per year.
Investment mix
The investment mix shows the type of assets that the fund invests into.
Top ten investments
This table shows KiwiWealth’s top 10 investments in the Conservative KiwiSaver Fund, which make up 22.41% of the fund.
KiwiWealth Balanced Fund
The Balanced Fund is invested up to 70% in shares and growth assets, with the remaining proportion allocated to cash and fixed interest assets. The fund has had a 1 year return of -4.51% and 5 year return of 5.86%.
*The following is Sourced from KiwiWealth Balanced Fund Update
Returns
Fees
The total annual fees for investors in the KiwiWealth Balanced Fund are 1.04% per year and as at 31 March 2022, the fund’s actual manager’s basic fee is charged at 0.95% per year.
Investment mix
The investment mix shows the type of assets that the fund invests into.
Top ten investments
This table shows KiwiWealth’s top 10 investments in the Balanced KiwiSaver Fund, which make up 18.12% of the fund.
KiwiWealth Growth Fund
The Growth Fund is invested up to 90% in shares and other growth assets, with the remaining proportion allocated to cash and fixed interest assets. The fund has had a 1 year return of -3.20% and 5 year return of 8.02%.
*The following is Sourced from KiwiWealth Growth Fund Update
Returns
Fees
The total annual fees for investors in the KiwiWealth Growth Fund are 1.12% per year, and as at 31 March 2022, the fund’s actual manager’s basic fee is charged at 1% per year.
Investment mix
The investment mix shows the type of assets that the fund invests into.
Top ten investments
This table shows KiwiWealth’s top 10 investments in the Growth KiwiSaver Fund, which make up 20.10% of the fund.
Data for KiwiWealth KiwiSaver funds has been sourced from KiwiWealth KiwiSaver Funds. Past performance is not necessarily an indicator of future performance, and return periods may differ.
To see if KiwiWealth has the appropriate fund that aligns with your values, retirement goals and situation, complete National Capital’s KiwiSaver Healthcheck.