Annual disclosure statement data file,,,,,Notes
Name of KiwiSaver scheme,Forsyth Barr KiwiSaver Scheme,,,,
Name of KiwiSaver fund,Personal Choice - Premium Yield Fund,,,,
Period to which disclosure statement relates,31/03/14,,,,
Description of the fund and its investment objectives,The fund aims to provide a gross return 1.5% above the ANZ 90 Day Bank Bill index on a rolling 12 month basis. The fund can invest in a diversified portfolio of domestic and global fixed interest securities.,,,,
Total value of the fund,1039928.62,,,,
Number of members in the fund,239,,,,
Date the fund started,7/08/08,,,,
,,,,,
Information about returns [refer r16],,,,,
,Past five years,Past year,,,
Annual return (after fund fees and tax at the highest PIR) ,3.66%,1.70%,,,
Annual return (after fund fees and tax at 0% PIR),4.93%,2.21%,,,
,,,,,
Information about past returns [refer r17],,,,,
,Disclosure year,Annual return (after fund fees and tax at the highest PIR) ,,,
Annual compound return since the fund started,,4.07%,,,
Return for latest complete disclosure year,31/03/14,1.70%,,,
Return for next latest complete disclosure year,31/03/13,3.13%,,,
Return for next latest complete disclosure year,31/03/12,4.12%,,,
Return for next latest complete disclosure year,31/03/11,4.35%,,,
Return for next latest complete disclosure year,31/03/10,5.04%,,,
Return for next latest complete disclosure year,,,,,
Return for next latest complete disclosure year,,,,,
Return for next latest complete disclosure year,,,,,
Return for next latest complete disclosure year,,,,,
Return for next latest complete disclosure year,,,,,
,,,,,
"Information about fees [refer r21,r22, r24]",,,,,
,% of members' interests,,,,
Total fund fees,1.22%,,,,
Annual management fee,0.98%,,,,
Performance-based fees,0.00%,,,,
Other fees and costs,0.24%,,,,
,,,,,
Membership fees,36.00,,,,
,,,,,
Synthetic total expense ratio,1.51%,,,,
,,,,,
Actual investment mix [refer r29],,,,,
,% of pie graph,,,,
Cash and cash equivalents,10.53%,,,,
New Zealand fixed interest,89.47%,,,,
International fixed interest,0.00%,,,,
Australasian equities,0.00%,,,,
International equities,0.00%,,,,
Listed property,0.00%,,,,
Unlisted property,0.00%,,,,
Unknown,0.00%,,,,
Other,0.00%,,,,
,,,,,
Target investment mix [refer r29],,,,,
Cash and cash equivalents,0.00%,,,,
New Zealand fixed interest,100.00%,,,,
International fixed interest,0.00%,,,,
Australasian equities,0.00%,,,,
International equities,0.00%,,,,
Listed property,0.00%,,,,
Unlisted property,0.00%,,,,
Unknown,0.00%,,,,
Other,0.00%,,,,
,,,,,
Top 10 investments [refer r27],,,,,
Name,Percentage of fund net assets,Type,Country,Credit rating (if applicable),
Westpac At-Call Deposit,10.53%,Cash and cash equivalents,NZ,AA-,
Mighty River Power Floating Rate Bond 07/09/2021 3.04%,8.78%,New Zealand fixed interest,NZ,BBB+,
Port of Tauranga Ltd Fixed Rate Note 29/10/2019 5.865%,8.23%,New Zealand fixed interest,NZ,BBB+,
ASB Bank Ltd Subordinated Note 15/06/2024 6.65%,8.10%,New Zealand fixed interest,NZ,BBB+,
Sky Network Television Ltd 31/03/2021 6.25%,8.09%,New Zealand fixed interest,NZ,Unrated,
Christchurch City Holdings Ltd 15/07/2015 FRN,6.83%,New Zealand fixed interest,NZ,A+,
AMP Group Finance Services Ltd 01/04/2019 9.80%,6.01%,New Zealand fixed interest,NZ,A-,
TCNZ Finance Ltd 25/10/2019 5.25%,4.69%,New Zealand fixed interest,NZ,A-,
Wellington International Airport Ltd 15/05/2021 6.25%,4.18%,New Zealand fixed interest,NZ,BBB+,
Vector Ltd 04/04/2017 FRN,3.93%,New Zealand fixed interest,NZ,BBB,
Total value of 10 highest value assets as a percentage of fund net assets,69.37%,,,,
,,,,,
"Liquidity and debt ratios [refer r32,33]",,,,,
Liquidity ratio,100.00%,,,,
Debt ratio,0.08%,,,,
,,,,,
Key personnel [refer r35],,,,,
Name,Current position,Time in current position,Previous or other position,Time in previous or other position,
Kevin Stirrat,Head of Investment Strategy Forsyth Barr Limited,8 years and 6 months,Director at Deutsche Bank,11 years,
Craig Alexander,Investment Manager Forsyth Barr Limited,9 months,Head of Fixed Interest at Tower Investments,5 years,
Sir Eion Edgar,Director,6 years and 1 months,Chairman at Forsyth Barr Limited,15 years,
Neil Paviour-Smith,Director,6 years and 1 months,Managing Director at Forsyth Barr Limited,12 years,
Paul van Koningsveld,Director,6 years and 1 months,Chief Operating Officer at Forsyth Barr Limited,13 years,
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Additional information about individual assets [refer 28],,,,,
Name of the asset,% of fund net assets,Code (if applicable),,,
Westpac At-Call Deposit,10.53%,n/a,,,
Mighty River Power Floating Rate Bond 07/09/2021 3.04%,8.78%,NZMTYDT003C4,,,
Port of Tauranga Ltd Fixed Rate Note 29/10/2019 5.865%,8.23%,NZPOTD1019L2,,,
ASB Bank Ltd Subordinated Note 15/06/2024 6.65%,8.10%,NZABBDG001C4,,,
Sky Network Television Ltd 31/03/2021 6.25%,8.09%,NZSKTDT011C7,,,
Christchurch City Holdings Ltd 15/07/2015 FRN,6.83%,NZCCHDT026C7,,,
AMP Group Finance Services Ltd 01/04/2019 9.80%,6.01%,NZAQNDG001C3,,,
TCNZ Finance Ltd 25/10/2019 5.25%,4.69%,NZTCNDT003C9,,,
Wellington International Airport Ltd 15/05/2021 6.25%,4.18%,NZWIAD0020L9,,,
Vector Ltd 04/04/2017 FRN,3.93%,NZVCTDT006C2,,,
Bank of New Zealand Floating Rate RTD 28/03/2018 FRN,3.43%,NZBNZDT365C5,,,
ANZ Bank New Zealand Ltd Floating Rate Bond 26/08/2020,3.43%,NZANBDG020C0,,,
Westpac New Zealand Ltd Fixed Rate Notes 20/09/2018 5.545%,3.41%,NZWNZD0918L1,,,
Rotorua District Council 18/04/2016 6.73%,3.40%,NZROTDT110C4,,,
Meridian Energy Ltd 16/03/2015 7.15%,3.33%,NZMELDT001C0,,,
Auckland International Airport Ltd 17/10/2017 5.47%,2.86%,NZAIADT110L3,,,
Queenstown Lakes District Council Bond 15/06/2016 5.79%,2.80%,NZQLDDT018C1,,,
Christchurch International Airport Ltd 06/12/2019 5.15%,2.65%,NZCIADT001C1,,,
GMT Bond Issuer Ltd 16/12/2020 6.20%,2.28%,NZGMBDT002C8,,,
Vector Ltd 15/10/2014 7.80%,1.71%,NZVCTDT007C0,,,
TCNZ Finance Ltd 22/03/2016 7.04%,1.25%,NZTCND0028S9,,,
Auckland International Airport Ltd 07/11/2015 7.25%,0.07%,NZAIAD0007S7,,,