Annual disclosure statement data file,,,,,Notes
Name of KiwiSaver scheme,Forsyth Barr KiwiSaver Scheme,,,,
Name of KiwiSaver fund,Personal Choice - Premium Yield Sector,,,,
Period to which disclosure statement relates,31/03/15,,,,
Description of the fund and its investment objectives,"The general objective of the fund is to achieve positive long-term returns by investing in selected international and domestic debt and other securities, subject to the risks of investing in securities of that kind. The fund is actively managed.",,,,
Total value of the fund,1081796.43,,,,
Number of members in the fund,209,,,,
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) ,3.75%,5.50%,,,
Annual return (after fund fees and tax at 0% PIR),5.08%,7.50%,,,
,,,,,
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,,4.28%,,,
Return for latest complete disclosure year,31/03/15,5.50%,,,
Return for next 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,,,,,
,,,,,
"Information about fees [refer r21,r22, r24]",,,,,
,% of members' interests,,,,
Total fund fees,1.21%,,,,
Annual management fee,0.97%,,,,
Performance-based fees,0.00%,,,,
Other fees and costs,0.24%,,,,
,,,,,
Membership fees,36.00,,,,
,,,,,
Synthetic total expense ratio,1.44%,,,,
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Actual investment mix [refer r29],,,,,
,% of pie graph,,,,
Cash and cash equivalents,14.43%,,,,
New Zealand fixed interest,85.57%,,,,
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,10.00%,,,,
New Zealand fixed interest,90.00%,,,,
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,14.43%,Cash and cash equivalents,NZ,AA-,
Local Government Funding Agency Ltd 15/12/2017 6.00%,7.63%,New Zealand fixed interest,NZ,AA+,
Precinct Properties New Zealand Ltd 17/12/2021 5.54%,5.62%,New Zealand fixed interest,NZ,Unrated,
Christchurch City Holdings Ltd 15/07/2015 FRN,5.45%,New Zealand fixed interest,NZ,A+,
Spark Finance Ltd 25/03/2022 4.50%,5.39%,New Zealand fixed interest,NZ,A-,
ANZ Capital Notes 25/05/2020 7.20%,5.23%,New Zealand fixed interest,NZ,BBB-,
Kiwi Property Management Ltd Secured Bonds 20/08/2021 6.15%,5.00%,New Zealand fixed interest,NZ,Unrated,
Genesis Energy Ltd 15/09/2016 7.185%,4.93%,New Zealand fixed interest,NZ,BBB+,
Mighty River Power Floating Rate Bond 07/09/2021 3.04%,4.47%,New Zealand fixed interest,NZ,BBB+,
Port of Tauranga Ltd Fixed Rate Note 29/10/2019 5.865%,4.35%,New Zealand fixed interest,NZ,BBB+,
Total value of 10 highest value assets as a percentage of fund net assets,62.50%,,,,
,,,,,
"Liquidity and debt ratios [refer r32,33]",,,,,
Liquidity ratio,100.00%,,,,
Debt ratio,0.05%,,,,
,,,,,
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,9 years and 6 months,Director at Deutsche Bank,11 years,
Craig Alexander,Head of Funds Management Forsyth Barr Limited,1 year and 9 months,Head of Fixed Interest at Tower Investments,5 years,
Malcolm Davie,Equity Portfolio Manager Forsyth Barr Limited,11 months,Head of Investment Management at First NZ Capital,7 years,
Rob Mercer,Head of Private Wealth Research Forsyth Barr Limited,2 years and 10 months,Head of Research at Forsyth Barr Limited,11 years,
Neil Paviour-Smith,Director,7 years and 1 months,Managing Director at Forsyth Barr Limited (current),12 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,14.43%,n/a,,,
Local Government Funding Agency Ltd 15/12/2017 6.00%,7.63%,NZLGFDT002C5,,,
Precinct Properties New Zealand Ltd 17/12/2021 5.54%,5.62%,NZPCTDT001C1,,,
Christchurch City Holdings Ltd 15/07/2015 FRN,5.45%,NZCCHDT026C7,,,
Spark Finance Ltd 25/03/2022 4.50%,5.39%,NZSPFD0322L1,,,
ANZ Capital Notes 25/05/2020 7.20%,5.23%,NZANBDT013C0,,,
Kiwi Property Management Ltd Secured Bonds 20/08/2021 6.15%,5.00%,NZKIPD0010L3,,,
Genesis Energy Ltd 15/09/2016 7.185%,4.93%,NZGENDT001C6,,,
Mighty River Power Floating Rate Bond 07/09/2021 3.04%,4.47%,NZMTYDT003C4,,,
Port of Tauranga Ltd Fixed Rate Note 29/10/2019 5.865%,4.35%,NZPOTD1019L2,,,
Sky Network Television Ltd 31/03/2021 6.25%,4.31%,NZSKTDT011C7,,,
ASB Bank Ltd Subordinated Note 15/06/2024 6.65%,4.29%,NZABBDG001C4,,,
Queenstown Lakes District Council Bond 15/06/2016 5.79%,3.50%,NZQLDDT018C1,,,
Wellington International Airport Ltd Floating Rate Bonds 01/08/2017 3.92%,3.33%,NZWIAD0817L8,,,
Watercare Services Ltd Bond 26/10/2018 5.685%,2.78%,NZ816D1018L1,,,
Spark Finance Ltd 25/10/2019 5.25%,2.51%,NZTCNDT003C9,,,
Kiwi Capital Funding Ltd Capital Notes 15/07/2024 6.61%,2.16%,NZKCFD0010L7,,,
Westpac New Zealand Ltd Fixed Rate Notes 20/09/2018 5.545%,2.12%,NZWNZD0918L1,,,
Vector Ltd 04/04/2017 FRN,1.99%,NZVCTDT006C2,,,
Trustpower Ltd 15/12/2021 5.63%,1.77%,NZTPWDT120C5,,,
ANZ Bank New Zealand Ltd Floating Rate Bond 26/08/2020,1.73%,NZANBDG020C0,,,
Wellington International Airport Ltd 15/05/2021 6.25%,1.73%,NZWIAD0020L9,,,
Bank of New Zealand Floating Rate RTD 28/03/2018 FRN,1.72%,NZBNZDT365C5,,,
New Zealand Post Group Finance Ltd Subordinated Notes 15/11/2019 6.35%,1.44%,NZNZPD1114L0,,,
GMT Bond Issuer Ltd 16/12/2020 6.20%,1.40%,NZGMBDT002C8,,,
Christchurch International Airport Ltd 06/12/2019 5.15%,0.70%,NZCIADT001C1,,,
Auckland International Airport Ltd 07/11/2015 7.25%,0.04%,NZAIAD0007S7,,,