Summer New Zealand Fixed Interest
Summer New Zealand Fixed Interest is a defensive KiwiSaver fund managed by Summer. It has 296 members and holds $7 million. It opened in 2016.
Fees and returns
- Annual fee
- 0.75% of your balance each year
- Return over 1 year
- +2.6% a year
- Return over 3 years
- +3.5% a year
- Return over 5 years
- +1.2% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
What it invests in
New zealand fixed interest 98%.
Largest holdings
- New Zealand Government 1.5% 15/05/2031 9.24%
- New Zealand Government 14/04/2033 3.5 7.13%
- New Zealand Government 15/05/2032 2.00 5.14%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +2.6% |
| 2024/25 | +4.3% |
| 2023/24 | +3.8% |
| 2022/23 | −0.3% |
| 2021/22 | −3.9% |
| 2020/21 | +2.5% |
| 2019/20 | +1.6% |
| 2018/19 | +3.6% |
| 2017/18 | +3.2% |
About this fund
The Summer New Zealand Fixed Interest Fund is an actively managed defensive bond fund investing in New Zealand fixed interest, led by New Zealand government bonds, aiming to beat the Bloomberg NZBond Composite index. As bond exposure its value moves with interest rates, so it is not cash-like. It has operated since 2016 and carries an annual fund charge of 0.75%.