Compare Summer funds

Fund	Brief description of fund and investment objective	Target investment mix	Risk indicator	Minimum suggested investment timeframe	Annual fund charges^
Summer New Zealand Cash*	The fund invests in cash, selected cash equivalents and selected short-term New Zealand fixed interest assets. We aim to achieve competitive returns compared to money held on call.	75% Cash and cash equivalents 25% New Zealand Fixed Interest		None	0.5% p.a.
Summer New Zealand Fixed Interest*	The fund invests in selected New Zealand fixed interest assets. We aim to achieve positive long-term returns.	5% Cash and cash equivalents 95% New Zealand fixed interest		At least three years	0.75% p.a.
Summer Global Fixed Interest*	The fund invests in selected international fixed interest assets. We aim to achieve positive long-term returns.	5% Cash and cash equivalents 15% New Zealand fixed interest 80% International fixed interest		At least three years	0.75% p.a.
Summer New Zealand Equities*	The fund invests mostly in selected New Zealand shares, and in Australian listed shares, where the company has meaningful operations in New Zealand. We aim to achieve positive long-term returns.	5% Cash and cash equivalents 85% Australasian equities 10% Listed property		At least five years	0.9% p.a.
Summer Australian Equities*	The fund invests mostly in selected Australian shares and in New Zealand listed shares, where the company has meaningful operations in Australia. We aim to achieve positive long-term returns.	5% Cash and cash equivalents 85% Australasian equities 10% Listed property		At least five years	0.9% p.a.
Summer Listed Property*	The fund invests in selected listed property vehicles. We aim to achieve positive long-term returns.	5% Cash and cash equivalents 20% Australasian equities 5% International equities 70% Listed property		At least five years	0.9% p.a.
Summer Global Equities*	The fund invests in selected international shares. We aim to achieve positive long-term returns.	10% Cash and cash equivalents 90% International equities		At least five years	0.9% p.a.
Summer Conservative Selection**	We aim to achieve positive long-term returns by choosing a greater exposure to cash and fixed interest investments and a lesser exposure to equity and property investments. Investors can expect low to moderate levels of movement up and down in value and to receive longer-term returns that are lower than those of the Summer Balanced Selection.	18% Cash and cash equivalents 31% New Zealand fixed interest 21% International fixed interest 15% Australasian equities 12% International equities 3% Listed property		At least three years	0.75% p.a.
Summer Balanced Selection*	We aim to achieve positive long-term returns by choosing a mix of cash, fixed interest, equity and property investments. Investors can expect moderate to high levels of movement up and down in value and to receive longer-term returns that are higher than those of the Summer Conservative Selection but lower than those of the Summer Growth Selection.	10% Cash and cash equivalents 22% New Zealand fixed interest 13% International fixed interest 25% Australasian equities 25% International equities 5% Listed property		At least five years	0.9% p.a.
Summer Growth Selection**	We aim to achieve positive long-term returns by choosing a lesser exposure to cash and fixed interest investments and a greater exposure to equity and property investments. Investors can expect moderate to high levels of movement up and down in value and to receive longer-term returns that are higher than those of the Summer Balanced Selection.	4% Cash and cash equivalents 10% New Zealand fixed interest 6% International fixed interest 38% Australasian equities 35% International equities 7% Listed property		At least five years	0.9% p.a.

^ An account fee of $3 per member per month is also charged.

If you are not sure which investment choice is right for you, you will find information in the product disclosure statement that can assist you. We also have a short questionnaire which allows you to discover what your risk appetite is.

If you are ready to join Summer it's quick and easy to complete the form to get the process underway. Just have your IRD number and drivers licence or passport ready.

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* These funds started on 16/9/2016 and ** these funds started on 8/4/2019. We’ve calculated the risk indicator using market index return data for periods before that date, and actual fund return data for the remainder of the five-year period to 30/9/2021. Using market index return data may make the risk indicator a less reliable indicator of how much fund values might go up and down in future. If a fund mainly invests into another fund with a higher risk indicator, we’ve used that higher number.

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