Cash Fund
Summary of investment objectives and strategy
Aims to provide stable returns and reduce the potential of capital loss over the short to medium term by investing in cash and New Zealand short term fixed interest assets.
Risk indicator for the Cash Fund:
Lower risk Higher riskThe risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way.
Who is the fund suitable for?
The Cash fund is generally suitable for a short-term or naturally cautious investor who is looking to make a withdrawal within 12 months, or who is most interested in low volatility of returns over achieving potential higher returns.
CashPlus Fund
Summary of investment objectives and strategy
Aims to provide stable returns and reduce the potential of capital loss over the short to medium term by investing in cash and fixed interest assets.
Risk indicator for the CashPlus Fund:
Lower risk Higher riskThe risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way.
Who is the fund suitable for?
The CashPlus fund is generally more suitable for investors with a short investment timeframe (less than three years) or members who have low tolerance for declines in the value of their member account.
Default Conservative Fund
Summary of investment objectives and strategy
Aims to provide stable returns over the long term by investing mainly in income assets with a small allocation to growth assets.
Risk indicator for the Default Conservative Fund:
Lower risk Higher riskThe risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way.
Who is the fund suitable for?
The Default Conservative fund is generally suitable for a short term or naturally cautious investor who is nearing retirement or intends on making a withdrawal in the short term. It also suits an investor who values lower volatility of returns over achieving potential higher returns.
While this fund is designed to be conservative in nature, in times of heightened market volatility the value of your investment may go up or down.
Conservative Fund
Summary of investment objectives and strategy
Aims to provide stable returns over the long term by investing mainly in income assets with a modest allocation to growth assets.
Risk indicator for the Conservative Fund:
Lower risk Higher riskThe risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way.
Who is the fund suitable for?
The Conservative fund is generally suitable for a short term or naturally cautious investor, looking to make a withdrawal in the short term or who values lower volatility of returns over achieving potential higher returns.
While this fund is designed to be conservative in nature, in times of heightened market volatility the value of your investment may go up or down.
Default Fund
Summary of investment objectives and strategy
Aims to provide a balance between stability of returns and growing your investment over the long term by investing in a mix of income and growth assets. An enhanced passive investment style may be used at times.
Risk indicator for the Default Fund:
Lower risk Higher riskThe risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way.
Market index returns as well as the fund’s actual returns have been used to fill in the risk indicator, as this fund has not been in operation for 5 years. Market Index returns have been used from 1 January 2020 to 30 November 2021 and actual returns after that. As a result of those returns being used, the risk indicator may provide a less reliable indicator of the potential future volatility of the fund.
Who is the fund suitable for?
The Default fund is generally suitable for a medium to long term investor who wants a balance between volatility of returns and achieving potential higher returns.
Balanced Fund
Summary of investment objectives and strategy
Aims to provide a balance between stability of returns and growing your investment over the long term by investing in a mix of income and growth assets.
Risk indicator for the Balanced Fund:
Lower risk Higher riskThe risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way.
Who is the fund suitable for?
The Balanced fund is generally suitable for a medium to long term investor who wants a balance between volatility of returns and achieving potential higher returns.
Growth Fund
Summary of investment objectives and strategy
Aims to grow your investment over the long term by investing mainly in growth assets.
Risk indicator for the Growth Fund:
Lower risk Higher riskThe risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way.
Who is the fund suitable for?
The Growth fund is generally suitable for a long term investor who can tolerate volatility of returns in the expectation of potential higher returns, and who has time on their side.
Aggressive Fund
Summary of investment objectives and strategy
Aims to grow your investment over the long term by investing predominantly in growth assets.
Risk indicator for the Aggressive Fund:
Lower risk Higher riskThe risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way.
Market index returns have been used to fill in the risk indicator as this Fund has not been in operation for five years. Market index returns have been used for the entire five year period from 1 January 2020. As a result of those returns being used, the risk indicator may provide a less reliable indicator of the potential future volatility of the fund.
Who is the fund suitable for?
The Aggressive Fund is generally suitable for a long term investor who can tolerate significant volatility of returns in the expectation of potential higher returns, and who has time on their side.
GlidePath
Summary of investment objectives and strategy
GlidePath takes the hassle out of investing. With GlidePath, your account is automatically invested in one or a mix of the Conservative Fund and the Growth Fund that changes based on your age. It's designed to reduce your investment risk as you get older.
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