Performance Report Data Explanations

Data Sources
All data, unless specified below is sourced from the Companies Office Disclose Register. National Capital doesn't accept any responsibility or liability for the accuracy of content or material on the Disclose Register or any loss you incur in connection with your use of these services, including any costs and expenses.

Last 5 years average returns
This figure displays the 5-year average return of the fund, after fees and taxes. It is calculated by taking every year’s returns for the past five years and averaging them out into a single number.

Last 5 years average returns - Category Average
This figure displays the average 5-year return of all the funds in the asset allocation category that the fund is designated in.

Annual fund fees
There are a few elements that make up the total fees for investing in the fund. The total fees include:

Managers Fee: A management fee is a charge levied by an investment manager for managing an investment fund. The management fee is intended to compensate the managers for their time and expertise for selecting stocks and managing the portfolio.
Performance-Based Fees: These are fees charged on top of management fees and other expenses when a fund has outperformed a pre-specified benchmark.
Other Fees and Costs: These fees can include costs associated with the underlying funds the manager invests in, financial advisory fees, and other third-party fees that are not directly associated with managing the fund.
Base fee (fixed): This is the membership fee incurred in using these managers as a service, typically charged on an annual basis.

The fees used in the calculation for the data shown on the webpage include the manager’s fee, the performance-based fees, and the other fees. The Base/Membership Fee is not included here.

Annual fund fees - Category Average
This figure displays the average fund fees of all the funds in the asset allocation category that the fund is designated in.

Services Rating
This data is sourced from the Sorted Website (sorted.org.nz). The overall service rating can be broken down into:

Help with investment options: meaning assistance with online forms, tools, calculators, and information on your KiwiSaver account.
Communication with members: this category is associated with how well the communication is between the investor and the manager. Quality of information and the availability of options for communication are factored into this rating.
Other Services: this includes all the other potentially helpful services the provider has to offer.

The ratings in each of those categories are then averaged to come up with the overall Services Rating data displayed on the performance report page.

Asset Allocation
These figures display the distribution of investments in a fund. Growth Assets include commodities, equity shares, and listed & unlisted property. Income Assets include all fixed-income assets. This data is not calculated by National Capital but is sourced from the Companies Office Disclose Register.

Total Value of Fund
This figure displays the total value of the fund.

KiwiSaver Balance Today
This figure displays the amount of money in $NZ you will have if you had invested $20,000 five years ago into the fund listed. This is calculated with a future value formula using the average after taxes and after fees return of the fund over a period of five years. It does not take into consideration any contributions to the KiwiSaver account.

Important: The performance report does not contain ﬁnancial advice, only information. Past performance is not necessarily indicative of future performance. If you want personal ﬁnancial advice on which KiwiSaver fund is suitable for you, please submit the KiwiSaver HealthCheck.