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	0.9% 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 90% New Zealand fixed interest 5% International fixed interest		At least three years	0.9% 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	0.9% p.a.
Summer New Zealand Equities*	The fund invests in selected New Zealand shares. 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 in selected Australian shares. 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.	23% Cash and cash equivalents 31% New Zealand fixed interest 16% International fixed interest 13% Australasian equities 12% International equities 5% Listed property		At least three years	0.9% 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.	15% Cash and cash equivalents 20% New Zealand fixed interest 10% 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.	7% Cash and cash equivalents 9% New Zealand fixed interest 4% International fixed interest 38% Australasian equities 37% International equities 5% Listed property		At least five years	0.9% p.a.

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.

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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 those dates, and actual fund return data afterwards. 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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