- Managed Funds
Smart, easy investing
Explore our funds
Managed Funds work in a similar way to KiwiSaver funds, but you get to control how much and how often you want to invest, and when you want to withdraw your funds. Individuals only need $1,000¹ to get started, and from there our team of expert fund managers will actively manage your investment, making all the tough decisions about when and what to invest in.
Conservative Managed Fund
A modest return over the short term. It invests in an actively managed portfolio made up largely of income assets with a small allocation of growth assets.
The target investments for this fund are
80%
Income assets
20%
Growth assets
Fund performance¹
—
5 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
Balanced Managed Fund
A medium return over the medium term. It invests in an actively managed portfolio made up of slightly more growth assets than income assets.
The target investments for this fund are
40%
Income assets
60%
Growth assets
Fund performance¹
—
5 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
Focused Growth Managed Fund
A higher return over the long term. It invests in an actively managed portfolio made up predominately of growth assets with a minor allocation of income assets.
The target investments for this fund are
5%
Income assets
95%
Growth assets
Fund performance¹
—
5 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
Thematic Managed Fund
A higher return over the long term. It invests in an actively managed portfolio of growth assets predominately made up of mid-large cap international equities with a very minor allocation of income assets.
The target investments for this fund are
2%
Income assets
98%
Growth assets
Fund performance¹
—
5 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
Australasian Managed Fund
A higher return over the long term. It invests in an actively managed portfolio of growth assets located predominately in New Zealand and Australia with a very minor allocation of income assets.
The target investments for this fund are
2%
Income assets
98%
Growth assets
Fund performance¹
—
5 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
Conservative Managed Fund
The Conservative Managed Fund aims to provide a modest return over the short term. It invests in an actively managed portfolio made up largely of income assets with a small allocation of growth assets. Volatility is likely to be low to medium. Returns will vary and may below or negative at times.
This fund is invested in
80%
Income assets
These investments generate income in the form of interest payments e.g., cash, term deposits and bonds.
20%
Growth assets
These investments generate a return from both capital growth and dividends e.g. shares, property and infrastructure.
Fund performance¹
—
5 year return
Target investment mix²
This shows the ‘target’ amount of funds we plan to invest in different kinds of income or growth assets.
Cash 5%
Fixed income 75%
Property & Infrastructure⁵ 6.75%
Australasian equities 6.75%
International equities 6.5%
Risk indicator³
The risk category is calculated based on the volatility of past returns over five years.
1
2
3
4
5
6
7
Low
Risk / return
High
Timeframe and fund charges
Minimum investment timeframe
2 years
Recommended
Estimated annual fund charge⁴
1.19%
5 year returns are not available for these funds as they launched within the last 5 years.
The actual investment mix may vary from the target asset allocation as we pursue tactical investment opportunities, or as we seek to protect asset values in periods of market volatility. For further information about the funds’ investment activities see the Statement of Investment Policy and Objectives (SIPO).
As the Funds have not been in existence for 5 years the risk indicators have been calculated using a combination of actual returns and market index returns, and/or market index returns only. Market index returns have been used from 31 March 2018 to 30 November 2019 for the Focused Growth Managed Fund, from 31 March 2018 to 16 May 2022 for the Conservative and Balanced Managed Funds, and for the whole of the 5 year period from 31 March 2018 to 31 March 2023 for the Australasian and Thematic Managed Funds. As a result, the risk indicators may provide a less reliable indicator of the potential future volatility of the Funds. See the PDS for more information.
Estimate for the year ahead. Annual fund charges for the fund are made up of: the base management fee; any third party underlying fund fees, and contains estimates For details
regarding the actual fund charges, see the latest fund update here.
See the Scheme’s Statement of Investment Policy and Objectives (SIPO).
Read our latest Managed Funds articles
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Disclaimers