Using the most recent returns and fund update reports, we will examine Summer’s recent KiwiSaver Performance.
Summer KiwiSaver provider, managed by Forsyth Barr, is a New Zealand-owned fund with a reputable history of over 80 years, dedicated to helping New Zealanders achieve their investment objectives. Backed by one of New Zealand's leading teams of analysts and global affiliations, Forsyth Barr prioritizes research to provide comprehensive coverage of major investment markets. The name 'Summer' reflects a season associated with relaxation, family time, and the rewards of hard work, encapsulating the spirit of enjoying the fruits of one's labour.
Performance of Summer KiwiSaver Funds
In March, the Summer New Zealand Equities fund delivered a return of -0.11%. Over the 12 months leading up to March, the fund's return was -1.27%. The fund's relative performance in March was influenced by overweight positions in Fonterra and Channel Infrastructure, which had positive effects. Additionally, an underweight position in A2 Milk contributed positively as the A2 Milk share price declined due to a disappointing performance from its key supplier, Synlait. However, the gains from these positions were partially offset by the fund's overweight positions in Sky City and Comvita, both of which experienced over a 5% decrease during the month without significant news impacting their performance.
|
3-Month |
1-Year |
3-Year |
Since Inception |
|
|
Cash |
0.77% |
2.25% |
0.81% |
0.88% |
|
Conservative |
-4.16% |
-7.00% |
0.44% |
0.99% |
|
Balanced |
-6.36% |
-8.90% |
1.59% |
4.39% |
|
Growth |
-8.35% |
-10.51% |
2.48% |
3.11% |
Sourced from Summer fund performance report
* These returns are to 30 April 2023 and are before tax and after fund management fees. Past performance does not necessarily indicate future performance and return periods may differ.
Fund returns and unit price as of 31 March 2023 at a 28% Prescribed Investor Rate. Note: The following information is sourced from Summer Quarterly Fund updates published on the Date published publicly, 3 May 2023.
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 three-month return of 0.77%, a 1-year return of 2.25% and a since inception return of 0.88%.
*The following is Sourced from Summer Cash Fund Update
Return
Fees
Investment Mix
Top ten investments
The Conservative Fund aims to provide long-term returns by choosing a greater exposure to cash and fixed-interest investments and less exposure to equity and property investments. Investors can expect low to moderate levels of movement up and down in value and to receive longer-term returns that are lower than those of Summer Balanced Selection.
The Conservative Fund's 3-month return has a return of -4.16%, a 1-year return of -7% and a since inception return of 0.99%.
*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 in.
Top ten investments
This table shows Summer’s top 10 investments in the Conservative KiwiSaver Fund, which comprise 54.59% of the fund.
The Balanced Fund aims to achieve positive long-term returns by choosing a mix of cash, fixed interest, equity and property investments. Investors can expect moderate to high levels of movement up and down in value and to receive longer-term returns that are higher than those of the Summer Conservative Selection but lower than those of the Summer Growth Selection.
The Balanced Fund's 3-month returns of 1.35%, 1-year return of 0.91%, and since inception return of 4.45%.
*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 in.
Top ten investments
This table shows Summer’s top 10 investments in the Balanced KiwiSaver Fund, which comprise 36.28% of the fund.
The Growth Fund aims to achieve positive long-term returns by choosing a lesser exposure to cash and fixed interest investments and greater exposure to equity and property investments. Investors can expect moderate to high levels of movement up and down in value and receive longer-term returns that are higher than those of Summer Balanced Selection.
The Growth Fund's 3-month return of 1.77%, 1-year return of 1.2%, and since inception return of 4.45%.
*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 in.
Top ten investments
This table shows Summer’s top 10 investments in the Growth KiwiSaver Fund, which comprise 41.98% of the fund.
Data for Summer KiwiSaver funds have been sourced from Summer KiwiSaver Funds. Past performance does not necessarily indicate 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.