About the Scheme
Aggressive, Growth, Balanced
and Conservative Funds
Aggressive, Growth,
Balanced and
Conservative Funds
Aggressive, Growth, Balanced and Conservative Funds
Each of these four funds has a different investment objective and pursues a different investment strategy. Your return will depend principally on the investment option chosen by you.
The different objectives mean different proportions are invested in different assets. However, the objectives of these funds as set by the Scheme's Trustee from time to time, are indicated by the asset allocations applicable, and currently can be summarised as follows:
| Investment Option | Growth Assets (i.e. overseas equities, domestic equities, property) |
Income Assets (i.e. cash, international bonds, domestic bonds) |
| Aggressive Fund | 90% | 10% |
| Growth Fund | 70% | 30% |
| Balanced Fund | 50% | 50% |
| Conservative Fund | 20% | 80% |
Within each of these asset classes, the current target asset allocation of each Fund has a range of investments including overseas equities (hedged and un-hedged), Trans-Tasman equities, property, overseas and New Zealand fixed interest securities and cash. The target asset allocation of these Funds are set out in the tables below:
| Asset Class | Product | Aggressive | Growth | Balanced | Conservative |
| NZ equities | Harbour NZ Index Shares Fund | 20.0% | 15.0% | 10.0% | 5.0% |
| Int. equities | ANZ Wholesale International Share Fund Number 5 | 42.0% | 24.0% | 15.0% | 5.0% |
| ANZ Wholesale International Share Fund Number 5 (Hedged) | 18.0% | 16.0% | 15.0% | 5.0% | |
| Global listed property | Harbour Real Estate Investment Fund | 10.0% | 15.0% | 10.0% | 5.0% |
| Total Growth Assets | 90.0% | 70.0% | 50.0% | 20.0% | |
| NZ fixed interest | ANZ NZ Fixed Interest Strategy * | 3.0% | 10.0% | 20.0% | 35.0% |
| Int. fixed interest | ANZ International Fixed Interest Strategy ** | 5.0% | 15.0% | 20.0% | 15.0% |
| Cash | ANZ Wholesale Cash Fund | 2.0% | 5.0% | 10.0% | 30.0% |
| Total Income Assets | 10.0% | 30.0% | 50.0% | 80.0% |
* The ANZ NZ Fixed Interest Strategy invests 50% into the ANZ Wholesale Sovereign Bond Fund and 50% into the ANZ Wholesale High Grade Bond Fund.
** ANZ International Fixed Interest Strategy invests 50% into the ANZ Wholesale International Sovereign Fund and 50% into the ANZ Wholesale International Credit Fund.
Aggressive Fund
The Aggressive Fund target asset allocations are 90% in growth assets and 10% in income assets. Its objective is to achieve a high level of real returns over the medium to long term primarily through investment in equities, accepting that the returns may be subject to significant short term variations.
The target asset allocation of this fund is set by the Scheme's Trustee from time to time. The current target is indicated in the diagram below.
Harbour Asset Management Limited and ANZ New Zealand Investments Ltd currently jointly manage the underlying assets in the Aggressive Fund.
Harbour Asset Management Limited
As at 30 April 2021 Harbour Asset Management Limited has over $6 billion of funds under management.
ANZ New Zealand Investments Ltd
ANZ New Zealand Investments Limited (ANZ Investments) is one of New Zealand's largest fund managers and manages more than $35 billion in investments as at 30 June 2021. ANZ Investments form part of ANZ Group and their investment business has operated in New Zealand since 1989.
Growth Fund
The Growth Fund target asset allocations are 70% in growth assets and 30% in income assets. Its objective is to achieve positive real returns over the medium to long term through investment in growth assets, while managing volatility through diversification of the Fund’s assets.
The target asset allocation of this fund is set by the Scheme's Trustee from time to time. The current target is indicated in the diagram below.
Harbour Asset Management Limited and ANZ New Zealand Investments Ltd currently jointly manage the underlying assets invested in the Growth Fund.
Harbour Asset Management Limited
As at 30 April 2021 Harbour Asset Management Limited has over $6 billion of funds under management.
ANZ New Zealand Investments Ltd
ANZ New Zealand Investments Limited (ANZ Investments) is one of New Zealand's largest fund managers and manages more than $35 billion in investments as at 30 June 2021. ANZ Investments form part of ANZ Group and their investment business has operated in New Zealand since 1989.
Balanced Fund
The Balanced Fund target asset allocations are 50% in growth assets and 50% in income assets. Its objective is to reduce the likelihood of negative returns over the short to medium term through higher proportions of investment in defensive assets, such as cash and bonds, while still providing a reasonable opportunity for positive real returns over the longer term by investing a reasonable proportion of the Fund in growth assets such as equities and property.
The target asset allocation of this fund is set by the Scheme's Trustee from time to time. The current target is indicated in the diagram below.
Harbour Asset Management Limited and ANZ New Zealand Investments Ltd currently jointly manage the underlying assets in the Balanced Fund.
Harbour Asset Management Limited
As at 30 April 2021 Harbour Asset Management Limited has over $6 billion of funds under management.
ANZ New Zealand Investments Ltd
ANZ New Zealand Investments Limited (ANZ Investments) is one of New Zealand's largest fund managers and manages more than $35 billion in investments as at 30 June 2021. ANZ Investments form part of ANZ Group and their investment business has operated in New Zealand since 1989.
Conservative Fund
The Conservative Fund target asset allocations are 20% in growth assets and 80% in income assets. Its objective is to reduce the likelihood of negative returns over the short term. It has higher proportions of investment in defensive assets, such as cash and bonds, while still providing an opportunity for positive real returns over the longer term by investing a smaller proportion of the Fund in growth assets such as equities and property.
The target asset allocation of this fund is set by the Scheme’s Trustee from time to time. The current target is indicated in the diagram below.
Harbour Asset Management Limited and ANZ New Zealand Investments Ltd currently jointly manage the underlying assets invested in the Conservative Fund.
Harbour Asset Management Limited
As at 30 April 2021 Harbour Asset Management Limited has over $6 billion of funds under management.
ANZ New Zealand Investments Ltd
ANZ New Zealand Investments Limited (ANZ Investments) is one of New Zealand's largest fund managers and manages more than $35 billion in investments as at 30 June 2021. ANZ Investments form part of ANZ Group and their investment business has operated in New Zealand since 1989.
If you would like more information on any aspect of these funds, this is available in the SuperEasy KiwiSaver Superannuation Scheme Product Disclosure Statement, Statement of Investment and Policy Objectives, and the Scheme's register entry, all available at www.disclose-register.companiesoffice.govt.nz.