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Booster KiwiSaver
Booster is a KiwiSaver provider that runs 17 KiwiSaver funds, has 232,905 members, manages $6.3 billion, or 4.6% of the KiwiSaver market.
About Booster
Booster is a New Zealand-owned active KiwiSaver provider and has been a government-appointed default provider since 2014. Its range spans standard diversified funds and a Socially Responsible Investment range that is independently certified by the Responsible Investment Association Australasia, with screens covering areas such as fossil fuels, weapons, tobacco and gambling. Booster also has a wider New Zealand investment focus through its broader business, with some exposure to local companies, farmland and early-stage ventures flowing through to its diversified funds. Fees on the active diversified funds sit toward the higher end of the market.
Key facts
- Ownership
- NZ-owned
- KiwiSaver scheme established
- 2012
- Investment approach
- Active with ethical options
- KiwiSaver funds under management
- $6.3 billion (4.6% of the KiwiSaver market)
- Members
- 232,905
- Average member balance
- $27,008
- KiwiSaver funds offered
- 17
- Annual fee range
- 0.35% – 1.38%
Fund range by risk profile
- Defensive: 1 fund
- Conservative: 2 funds
- Balanced: 6 funds
- Growth: 2 funds
- Aggressive: 6 funds
How has Booster KiwiSaver performed?
Over the last 5 years, their highest-returning fund was the Socially Responsible High Growth Fund, at +6.8% a year after fees and tax.
| Risk profile | Fund | Return |
|---|---|---|
| Defensive | Enhanced Cash Fund | +2.0% |
| Conservative | Asset Class Conservative Fund | +4.7% |
| Balanced | Asset Class Balanced Fund | +8.2% |
| Growth | Growth Fund | +7.8% |
| Aggressive | Asset Class Growth Fund | +12.2% |
KiwiSaver funds offered by Booster
| Fund | Risk profile | Annual fee | 1 year | 5 years p.a. |
|---|---|---|---|---|
| Enhanced Cash Fund | Defensive | 0.75% | +2.0% | +2.1% |
| Asset Class Conservative Fund | Conservative | 1.12% | +4.7% | +1.7% |
| Capital Guaranteed Fund | Conservative | 0.91% | +2.8% | +2.6% |
| Asset Class Balanced Fund | Balanced | 1.20% | +8.2% | +3.8% |
| Balanced Fund | Balanced | 1.18% | +6.2% | +3.6% |
| Default Saver Fund | Balanced | 0.35% | +7.3% | Not reported |
| Moderate Fund | Balanced | 1.08% | +4.1% | +2.2% |
| Socially Responsible Balanced Fund | Balanced | 1.21% | +5.7% | +4.0% |
| Socially Responsible Moderate Fund | Balanced | 1.09% | +4.0% | +2.3% |
| Growth Fund | Growth | 1.23% | +7.8% | +4.6% |
| Socially Responsible Growth Fund | Growth | 1.22% | +7.1% | Not reported |
| Asset Class Growth Fund | Aggressive | 1.25% | +12.2% | +6.4% |
| Geared Growth Fund | Aggressive | 1.38% | +10.9% | +6.1% |
| High Growth Fund | Aggressive | 1.28% | +9.4% | +5.7% |
| Shielded Growth Fund | Aggressive | 1.29% | +8.8% | +5.1% |
| Socially Responsible Geared Growth Fund | Aggressive | 1.34% | +9.9% | Not reported |
| Socially Responsible High Growth Fund | Aggressive | 1.23% | +8.7% | +6.8% |
Figures are after fund charges and tax, sourced from the FMA Disclose Register. Past performance is not a reliable indicator of future returns.