Using the most recent returns and fund update reports from December 2021, we will examine Summer’s recent KiwiSaver Performance.
The Summer KiwiSaver Scheme is a part of Forsyth Barr, who have over 80 years of history in investment markets. The Summer KiwiSaver Scheme are currently managing 10 KiwiSaver funds.
It has been a challenging new year for share markets. The lower returns of Summer KiwiSaver Funds compared to their since inception returns may have been due to rising inflation and interest rates compounded by the conflict in Ukraine.
Table of Contents
Performance of Summer KiwiSaver Funds
Performance of Summer KiwiSaver Funds
|
1 month |
3 months |
1 year |
3 years |
Since Inception |
|
|
Cash |
0.02% |
0.07% |
0.06% |
0.36% |
0.64% |
|
Conservative |
-1.06% |
-1.50% |
-0.16% |
NA |
2.71% |
|
Balanced |
-1.30% |
-2.03% |
1.79% |
5.54% |
5.88% |
|
Growth |
-1.58% |
-2.62% |
3.49% |
NA |
6.27% |
Sourced from Summer fund performance report
* These returns are to 28 February 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 Summer Quarterly Fund updates published on 11 February 2022.
Summer Cash Fund
Summer Cash Fund invests in cash, selected cash equivalents and selected short-term New Zealand fixed interest assets. They aim to achieve competitive returns compared to money held on call. These kinds of investments will typically have lower returns and low volatility levels. The Cash Fund has had a 1-month return of 0.02%, a 1-year return of 0.06% and a since inception return of 0.64%.
*The following is Sourced from Summer Cash Fund Update
Returns
Fees
The total annual fees for investors in the Summer Cash Fund are 0.50% per year.
Investment mix
The investment mix shows the type of assets that the fund invests into.
Top ten investments
This table shows Summer’s top 10 investments in the Cash KiwiSaver Fund, which make up 100% of the fund.
Summer Conservative Fund
Summer Conservative Fund chooses a greater exposure to cash and fixed interest investments and a lesser exposure to equity and property investments with the aim of achieving positive long-term returns. Investors can expect low to moderate volatility levels and to receive longer-term returns that are lower than those of Summer Balanced Fund. The Conservative Fund has had a 1-month return of -1.06%, a 1-year return of -0.16% and a since inception return of 2.71%.
*The following is Sourced from Summer Conservative Fund Update
Returns
Fees
The total annual fees for investors in the Summer Conservative Fund are 0.75% per year.
Investment mix
The investment mix shows the type of assets that the fund invests into.
Top ten investments
This table shows Summer’s top 10 investments in the Conservative KiwiSaver Fund, which make up 37.97% of the fund.
Summer Balanced Fund
Summer Balanced Fund invests in a mix of cash, fixed interest, equity and property investments with the aim of achieving positive long-term returns. Investors can expect moderate to high volatility levels and to receive higher long-term returns than those of the Conservative Fund, but lower than those of the Growth Fund. The Balanced Fund has had a 1-month return of -1.30%, a 1-year return of 1.79% and a since inception return of 5.88%.
*The following is Sourced from Summer Balanced Fund Update
Returns
Fees
The total annual fees for investors in the Summer Balanced Fund are 0.90% per year.
Investment mix
The investment mix shows the type of assets that the fund invests into.
Top ten investments
This table shows Summer’s top 10 investments in the Balanced KiwiSaver Fund, which make up 33.89% of the fund.
Summer Growth Fund
Summer Growth Fund invests more in equity and property investments and less in cash and fixed interest investments. Investors can expect moderate to high volatility levels and to receive higher long-term returns higher than those of the Balanced Fund. The Growth Fund has had a 1-month return of -1.58%, a 1-year return of 3.49% and a since inception return of 6.27%.
*The following is Sourced from Summer Growth Fund Update
Returns
Fees
The total annual fees for investors in the Summer Growth Fund are 0.90% per year.
Investment mix
The investment mix shows the type of assets that the fund invests into.
Top ten investments
This table shows Summer’s top 10 investments in the Growth KiwiSaver Fund, which make up 42.63% of the fund.
Data for Summer KiwiSaver funds has been sourced from Summer KiwiSaver Funds(Link to fund documents). Past performance is not necessarily an indicator of future performance, and return periods may differ.
To see if Summer has the appropriate fund that aligns with your values, retirement goals and situation, complete National Capital’s KiwiSaver Healthcheck.