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Summer KiwiSaver Scheme
Summer KiwiSaver Scheme is a KiwiSaver provider that runs 10 KiwiSaver funds, has 7,245 members, manages $350 million, or 0.3% of the KiwiSaver market.
About Summer KiwiSaver Scheme
Summer is the KiwiSaver scheme run by Forsyth Barr Investment Management, part of the Forsyth Barr group, a New Zealand-owned investment firm established in 1936. The scheme launched in 2007 as the Forsyth Barr KiwiSaver Scheme and was relaunched as Summer in 2016. Members can use three diversified Selections, Conservative, Balanced and Growth, or build a custom mix from seven individual asset-class funds covering cash, fixed interest, equities and listed property. All funds are actively managed by Octagon Asset Management, with no performance fees, and Summer's Product Disclosure Statement is WriteMark-certified for plain language.
Key facts
- Ownership
- NZ-owned
- KiwiSaver scheme established
- 2007
- Investment approach
- Active management
- KiwiSaver funds under management
- $350 million (0.3% of the KiwiSaver market)
- Members
- 7,245
- Average member balance
- $47,790
- KiwiSaver funds offered
- 10
- Annual fee range
- 0.50% – 0.90%
Fund range by risk profile
- Defensive: 3 funds
- Conservative: 1 fund
- Balanced: 1 fund
- Growth: 1 fund
- Aggressive: 4 funds
How has Summer KiwiSaver performed?
Over the last 5 years, their highest-returning fund was the Growth Selection, at +4.5% a year after fees and tax.
| Risk profile | Fund | Return |
|---|---|---|
| Defensive | Summer New Zealand Cash | +2.2% |
| Conservative | Summer Conservative Selection | +4.4% |
| Balanced | Summer Balanced Selection | +6.6% |
| Growth | Summer Growth Selection | +8.7% |
KiwiSaver funds offered by Summer KiwiSaver Scheme
| Fund | Risk profile | Annual fee | 1 year | 5 years p.a. |
|---|---|---|---|---|
| Summer Global Fixed Interest | Defensive | 0.75% | +1.3% | +0.2% |
| Summer New Zealand Cash | Defensive | 0.50% | +2.2% | +2.4% |
| Summer New Zealand Fixed Interest | Defensive | 0.75% | +2.6% | +1.2% |
| Summer Conservative Selection | Conservative | 0.75% | +4.4% | +2.2% |
| Summer Balanced Selection | Balanced | 0.90% | +6.6% | +3.4% |
| Summer Growth Selection | Growth | 0.90% | +8.7% | +4.5% |
| Summer Australian Equities | Aggressive | 0.90% | +12.2% | +8.0% |
| Summer Global Equities | Aggressive | 0.90% | +12.2% | +6.9% |
| Summer Listed Property | Aggressive | 0.90% | +5.7% | −2.7% |
| Summer New Zealand Equities | Aggressive | 0.90% | +5.5% | +1.5% |
Figures are after fund charges and tax, sourced from the FMA Disclose Register. Past performance is not a reliable indicator of future returns.