The Investnow Russell Investments Hedged Global Shares Fund is a KiwiSaver scheme fund offered through Fundrock within the INVESTNOW KIWISAVER SCHEME. Classified as an aggressive fund, it holds 99% in growth assets and 1% in income assets. The fund aims to provide exposure to global share markets with hedging applied to currency risk, positioning it as an aggressive option within the scheme's investment lineup.

Over the five-year period to 31 March 2026, the fund delivered a 0.00% average annual return. The annual fee is 0.86%, which sits marginally above the peer-median fee of 0.85% for aggressive KiwiSaver scheme funds. The fund manages $4.1 million in assets across 210 members. Past performance and historical fee levels do not indicate what returns or costs may occur in the future.

This fund carries a risk indicator of 5 out of 7 on the FMA risk scale, placing it in the aggressive category. According to FMA guidance, funds at this risk level are typically considered suitable for members with longer investment timeframes who can tolerate significant short-term fluctuations in value. Past performance is not a reliable indicator of future returns.

Asset	Asset Class	Type	Country	% of Fund
S&P 500 EMINI 2509 F	Shares	International equities	US	18.20%
MICROSOFT CORP	Shares	International equities	US	2.95%
TAIWAN SEMICONDUCT MANUFACTURING USD	Shares	International equities	TW	2.17%
META PLATFORMS INC	Shares	International equities	US	1.72%
NVIDIA CORP	Shares	International equities	US	1.43%
ALPHABET INC CAP CL C	Shares	International equities	US	1.34%
AMAZON COM INC	Shares	International equities	US	1.25%
SPI 200 2509 FUT	Shares	Australasian equities	AU	1.21%
APPLE INC	Shares	International equities	US	1.18%
CASH AT BANK (BNZ)	Cash	Cash and equivalents	NZ	1.10%

Fee Type	% Over a year	Amount paid on a 30k balance
Management This fee is charged to you by the fund manager on the fund or an underlying fund, and is based on a percentage of your balance.	0.83% Average: 0.76%	$249.00 Average: $229.38
Other This is a summary of other potential costs not covered in the categories displayed.	0.03% Average: 0.08%	$9.00 Average: $23.73
Performance-based These fees are based on the performance of the fund or underlying fund. When the fund performs well, these will be higher.	— Average: 0.00%	$0.00 Average: $0.00
Membership You pay this membership charge (a flat fee) each year, regardless of your balance or the fund's performance.	0.00% Average: 0.06%	$0.00 Average: $17.47
Total combined fees These are a total of management and administration charges and performance-based fees over a year. They do not necessarily include fees for activities like transferring or withdrawing.	0.86% Average: 0.90%	$258.00 Average: $270.57

Name	FUNDROCK NZ LIMITED
Type	NZ Limited Company
Website	fundrock.com
NZBN	9429031398602
FSP Number	FSP127464

Asset liquidity ratio	100.00%
Total value of fund	$4094019
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Investnow Russell Investments Hedged Global Shares Fund

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