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, cash equivalents and short-term New Zealand fixed interest assets.

We aim to provide a return above the Official Cash Rate (OCR) over a rolling 12 month period.

65% Cash and cash equivalents
35% New Zealand Fixed Interest 

Less than 12 months 0.5% p.a.
Summer New Zealand Fixed Interest

The fund invests in New Zealand fixed interest assets.

We aim to achieve positive long-term returns.

NZ Fixed Interest2

5% Cash and cash equivalents
95% New Zealand fixed interest

RiskGauge3

At least three years 0.75% p.a.
Summer Global Fixed Interest

The fund invests in international fixed interest assets.

We aim to achieve positive long-term returns.

5% Cash and cash equivalents
95% International fixed interest

RiskGauge3 At least three years 0.75% p.a.
Summer New Zealand Equities

The fund invests mostly in New Zealand shares, and can invest in Australian listed shares where the company has meaningful operations in New Zealand.

We aim to achieve positive long-term returns.

NZ Equities

5% Cash and cash equivalents
85% Australasian equities
10% Listed property

RiskGauge5

At least five years 0.9% p.a.
Summer Australian Equities

The fund invests mostly in Australian shares, and can invest in New Zealand listed shares where the company has meaningful operations in Australia.

We aim to achieve positive long-term returns.

Aus Equities3 

5% Cash and cash equivalents
85% Australasian equities
10% Listed property

RiskGauge6 At least five years 0.9% p.a.
Summer Listed Property

The fund invests in listed financial products issued by entities whose principal business involves the owning or managing of property, property-like assets or real assets.

We aim to achieve positive
long-term returns.

Listed Property

5% Cash and cash equivalents
20% Australasian equities
5% International equities
70% Listed property

RiskGauge5

At least five years 0.9% p.a.
Summer Global Equities

The fund invests in international shares.

We aim to achieve positive long-term returns.

Global Equities2

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:

  • moderate to high levels of movement up and down in value
  • longer-term returns that are lower than those of the Summer Balanced Selection (but with less risk).

Conservative Selection2

18% Cash and cash equivalents

31% New Zealand fixed interest
21% International fixed interest
15% Australasian equities
12% International equities
3% Listed property

 

RiskGauge4 At least three years 0.75% p.a.
Summer Balanced Selection

We aim to achieve positive long-term returns by choosing a balanced mix of cash, fixed interest, equity and property investments.

Investors can expect:

  • moderate to high levels of movement up and down in value
  • longer-term returns that are higher than those of the Summer Conservative Selection (but with more risk), and lower than those of the Summer Growth Selection (but with less risk).

Balanced Selection3

10% Cash and cash equivalents
22% New Zealand fixed interest
13% International fixed interest
25% Australasian equities
25% International equities
5% Listed property

RiskGauge4

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:

  • high levels of movement up and down in value
  • longer-term returns that are higher than those of the Summer Balanced Selection (but with more risk).

 

Growth Selection3

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.

Determine your investment profile 

Join the Summer KiwiSaver scheme

 

* These funds started on 8/4/2019. We’ve calculated the risk indicator using market index return data for periods before this date, and actual fund return data for the remainder of the five-year period to 30/9/2023. 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.