Using the most recent returns and fund update reports from March 2022, we will examine QuayStreet’s recent KiwiSaver Performance.
QuayStreet is one of the smaller KiwiSaver schemes in New Zealand. Across all of its funds, QuayStreet uses active investment management as they believe that actively managing investments with a concentrated selection can provide investors with superior returns.
Throughout April 2022, it was a volatile and difficult month for global equities, with the war in Ukraine, a mixed start to quarterly earnings season, and the prospect of more aggressive policy tightening by the US Federal Reserve (Fed) weighing on risk sentiment. The upheaval in equity markets was largely related to rapidly rising bond yields, reflecting increasing concern that central banks will need to be more aggressive in order to prevent inflation expectations from becoming embedded.
Table of Contents
Performance of QuayStreet KiwiSaver Funds
QuayStreet Socially Responsible Investment Fund
Performance of QuayStreet KiwiSaver Funds
|
1 month |
1 year |
3 years |
5 years |
Since Inception |
|
|
Income |
-0.65% |
0.08% |
3.32% |
4.47% |
5.35% |
|
Conservative |
-0.95% |
-1.27% |
3.24% |
4.33% |
5.51% |
|
Balanced |
-0.94% |
3.60% |
6.92% |
7.17% |
7.02% |
|
Socially Responsible Investment |
-1.12% |
0.91% |
6.04% |
6.36% |
6.96% |
|
Growth |
-1.02% |
5.73% |
8.55% |
8.58% |
7.88% |
Sourced from QuayStreet fund performance report
*These returns are to 30 April 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 QuayStreet Quarterly Fund updates published on 3 May 2022.
QuayStreet Income Fund
The QuayStreet Income Fund invests in a diversified portfolio with a strong focus on income producing assets like New Zealand and International fixed interest investments and derivatives. This fund may also include allocation to growth assets such as listed property and equity securities. The Income Fund has had a 1 year return of 0.08% and 5 years return of 4.47%.
*The following is Sourced from QuayStreet Income Fund Update
Returns
Fees
The total annual fees for investors in the QuayStreet Income Fund are 0.76% per year, with an extra administration fee of up to $30 per year and scheme expenses of approximately $4.26 per year per member.
Investment mix
The investment mix shows the type of assets that the fund invests into.
Top ten investments
This table shows QuayStreet’s top 10 investments in the Income KiwiSaver Fund, which make up 28.38% of the fund.
QuayStreet Conservative Fund
The QuayStreet Conservative Fund invests in a diversified portfolio that emphasises conservative assets such as fixed interest investments. This fund is typically chosen by investors with short investment horizon and low volatility tolerance, as it is not unlikely for the value to fluctuate as much as the Balanced Fund or Growth Fund. The Conservative Fund has had a 1 year return of -1.27% and 5 years return of 4.33%.
*The following is Sourced from QuayStreet Conservative Fund Update
Returns
Fees
The total annual fees for investors in the QuayStreet Conservative Fund are 0.76% per year, with an extra administration fee of up to $30 per year and scheme expenses of approximately $4.26 per year per member.
Investment mix
The investment mix shows the type of assets that the fund invests into.
Top ten investments
This table shows QuayStreet’s top 10 investments in the Conservative KiwiSaver Fund, which make up 27.78% of the fund.
QuayStreet Balanced Fund
The QuayStreet Balanced Fund is a diversified portfolio with an equal mix of fixed interest and growth assets like shares. The Balanced Fund is likely to have higher volatility than Conservative Fund but not as volatile as Growth Fund. This fund might be suitable for investors with a long investment horizon but low volatility tolerance, or vice versa. The Balanced Fund has had 1 year return of 3.60% and 5 years return of 7.17%.
*The following is Sourced from QuayStreet Balanced Fund Update
Returns
Fees
The total annual fees for investors in the QuayStreet Balanced Fund are 1.02% per year, with an extra administration fee of up to $30 per year and scheme expenses of approximately $4.26 per year per member.
Investment mix
The investment mix shows the type of assets that the fund invests into.
Top ten investments
This table shows QuayStreet’s top 10 investments in the Balanced KiwiSaver Fund, which make up 30.21% of the fund.
QuayStreet Socially Responsible Investment Fund
The QuayStreet Socially Responsible Investment (SRI) Fund aims to have a environmentally and socially responsible diversified investment portfolio. QuayStreet SRI Fund invests in both income and growth assets in accordance with their SRI Policy. This fund can also vary between a growth and a balanced investment strategy. The SRI Fund has had a 1 year return of 0.91% and 5 years return of 6.36%.
*The following is Sourced from QuayStreet Socially Responsible Investment Fund Update
Returns
Fees
The total annual fees for investors in the QuayStreet Socially Responsible Investment Fund are 1.02% per year, with an extra administration fee of up to $30 per year and scheme expenses of approximately $4.26 per year per member.
Investment mix
The investment mix shows the type of assets that the fund invests into.
Top ten investments
This table shows QuayStreet’s top 10 investments in the Socially Responsible Investment KiwiSaver Fund, which make up 34.91% of the fund.
QuayStreet Growth Fund
The QuayStreet Growth Fund invests in a diversified portfolio emphasising growth assets like shares. This fund is likely to have high volatility, therefore it is typically chosen by investors with longer investment horizon or those with higher volatility tolerance. The Growth Fund has had a 1 year return of 5.73% and 5 years return of 8.58%.
*The following is Sourced from QuayStreet Growth Fund Update
Returns
Fees
The total annual fees for investors in the QuayStreet Growth Fund are 1.29% per year, with an extra administration fee of up to $30 per year and scheme expenses of approximately $4.26 per year per member.
Investment mix
The investment mix shows the type of assets that the fund invests into.
Top ten investments
This table shows QuayStreet’s top 10 investments in the Growth KiwiSaver Fund, which make up 29.16% of the fund.
Data for QuayStreet KiwiSaver funds has been sourced from QuayStreet KiwiSaver Funds. Past performance is not necessarily an indicator of future performance, and return periods may differ.
To see if QuayStreet has the appropriate fund that aligns with your values, retirement goals and situation, complete National Capital’s KiwiSaver Healthcheck.