You have the choice of selecting either your own preferred investment sector exposures (Personal Choice option), or the Balanced portfolio option, or the Growth portfolio option. Your Investment Advisor can discuss your requirements and together with you develop an approach that will suit your circumstances.
If you select the Balanced portfolio option or the Growth portfolio option, you must invest wholly in the one selected.
1. Personal Choice portfolio - choose your own investment sector exposures
The Scheme offers the ability for you to tailor a personalised portfolio by selecting your preferred investment sector exposures. You are responsible for choosing an exposure to each investment sector of between 0% and 100%, subject to a current minimum exposure of 5% in any one investment sector. Choose one or any number of investment sector exposures up to the full eight choices available in determining how to fully allocate your portfolio.
Your KiwiSaver portfolio can be designed to reflect your own investment priorities and objectives. In addition you can align your values to your KiwiSaver portfolio with the selection of the
Socially Responsible Investment sector.
Exposure by these investment sectors is achieved by making investments respectively into a
corresponding range of underlying investment funds. The underlying investment funds currently have the same descriptive name as each of the investment sectors above.
Your Investment Advisor can discuss these further with you and explain any terminology with which you may not be familiar. Should you wish, they can also work with you to ensure that your KiwiSaver investment sector selection complements your other savings and investments.
Forsyth Barr KiwiSaver Scheme Illustrative examples of Personal
Choice options
| Investment Sector |
Person 1 |
Person 2 |
Person 3 |
Person 4 |
| Cash Management |
5% |
0% |
0% |
20% |
| NZ Fixed Interest |
20% |
0% |
0% |
50% |
| Premium Yield |
5% |
0% |
0% |
0% |
| New Zealand Equities |
20% |
0% |
30% |
5% |
| Australian Equities |
15% |
0% |
30% |
5% |
| Global Equities |
25% |
0% |
40% |
10% |
| Listed Property |
10% |
0% |
0% |
5% |
| Socially Responsible Investment |
0% |
100% |
0% |
5% |
| Total |
100% |
100% |
100% |
100% |
Under the Personal Choice option, you choose your preferred percentage allocations to these eight
investment choices.
The examples above are hypothetical and illustrate how four different people could choose their savings to be invested by utilising the
Personal Choice option.
2. Balanced Portfolio Option – predefined investment sector exposure for the medium to long-term
The Balanced portfolio option provides you with the choice of predefined investment sector exposures as determined from time to time by the Manager, but within set ranges for each investment sector. The selected exposure and ranges are consistent with a balanced investment approach which involves a moderate level of investment risk and commensurate moderate investment returns over the medium to long-term. The set ranges for each investment sector exposure are shown in the table below.
3. Growth Portfolio Option – predefined investment sector exposure for the medium to long-term
The Growth portfolio option provides you with the choice of predefined investment sector exposures as determined from time to time by the Manager, but within set ranges for each investment sector. The selected exposure and ranges are consistent with a growth investment approach which involves a higher level of investment risk and commensurate higher investment returns over the medium to long-term. The set ranges for each investment sector exposure are shown in the table below.
Approved Ranges for Each Investment Sector
| Investment Sector |
Balanced Portfolio
%
Range |
Growth Portfolio
% Range |
| Cash Management |
0-50 |
0-50 |
| NZ Fixed Interest |
0-40 |
0-20 |
| Premium Yield |
0-20 |
0-15 |
| New Zealand Equities |
0-25 |
0-30 |
| Australian Equities |
0-25 |
0-30 |
| Global Equities |
0-50 |
0-60 |
| Listed Property |
0-15 |
0-20 |
| Socially Responsible Investment |
0 |
0 |
Note: Ranges show maximum amount of the overall portfolio that can be invested in each investment sector.
We may at any time change the approved ranges for exposure to any investment sector in the Balanced and Growth portfolios. Your Investment Advisor can provide you with details of the current approved ranges.
Keeping track of your investments
We understand how important your KiwiSaver investment is to you and the need to assess progress on a regular basis.
Accordingly, every six months, we will provide you with a statement confirming the current market value of your portfolio and your portfolio selection. In addition, a copy of the Scheme’s Annual Report will be forwarded to you following the end of each financial year.
You are welcome to contact us at any time to receive an updated balance and investment sector performance information.
Making changes
We recognise that your circumstances change over your lifetime with a resulting need to either switch between portfolio options or, if you have chosen the Personal Choice option, rebalance or change your investment sector exposures.
You may also want to make changes with response to changes in investment markets.
You can ask to switch from the Balanced portfolio option, Growth portfolio option or Personal Choice
option. If you have chosen the Personal Choice option, you can switch to any
other investment sector, subject to meeting any applicable minimum values. You can do this by:
