Summer KiwiSaver Scheme
Summer Conservative Selection
Recent material changes
Diffs we track across PDS, SIPO, holdings + fee history
- View holdings changes →HoldingsMATERIALJun 2026Top-10 turnover: 2 new, 3 droppedQuarter-on-quarter (Mar 2026 → Jun 2026)
- View fee + return history →FeeMATERIALJun 2026Annual fee 0.87% → 0.75% (-0.12pp)Quarter-on-quarter (Mar 2026 → Jun 2026)
Overview
About this conservative fund
Summer Conservative sits within the Summer KiwiSaver Scheme as a conservative-focused scheme fund. It is positioned as a lower-volatility option within the scheme's fund line-up, designed to prioritise capital preservation and steady income generation over growth. The fund carries a risk indicator of 3 out of 7 on the FMA risk scale, reflecting its conservative positioning.
Over the five-year period to 30 June 2026, Summer Conservative delivered an average annual return of 2.47%. The fund charges an annual fee of 0.75%, which sits below the peer-median fee of 0.85% for conservative scheme funds in the same cohort. Past performance is not a reliable indicator of future returns.
Conservative scheme funds with a risk indicator of 3 are typically considered appropriate for members with a lower risk tolerance, shorter investment timeframes, or those prioritising stability over capital growth. This risk profile suits members nearing or in retirement, or those uncomfortable with significant year-to-year fluctuations in their account balance.
Performance
Summer Conservative Selection has 2 quarters of QFU data on file (2026-03-31 to 2026-06-30). The 5-year average annual return reported in the most recent QFU is 2.47%. Past performance is not a reliable indicator of future returns.
Fees
At 0.75% in annual charges, Summer Conservative Selection's fee sits 0.10 percentage points below the median for Conservative KiwiSaver scheme funds in our coverage (median 0.85%). 19 of the 45 funds in this cohort charge a lower annual fee (this fund ranks 20 cheapest of 45). Fee level is a mechanical signal — does not factor in returns, risk, or manager skill.
Risk and suitability
Summer Conservative Selection carries a risk indicator of 3/7 on the FMA risk scale. Risk indicator 3-4 funds are typically considered for members with a medium investment horizon (3-10 years) or those balancing growth potential against shorter-term volatility. FundCompare does not provide personalised advice; consult a licensed financial adviser to understand whether this risk profile fits your circumstances.
Snapshot
2.47% a year over five years, at a 0.75% annual fee
Five-year return
2.47%
Five Year Average Return
Returns (green) show the fund’s growth over the five years to 30 June 2026, after fees and taxes. Compare these results with the average Conservative KiwiSaver scheme fund (light green).
2.47% for this fund — category median 2.49% across 11 Conservative KiwiSaver scheme funds at 30 June 2026. This fund ranks 7 of 11 (36th percentile) by five-year after-fee return.
Past performance is not an indicator of future performance.
Annual fee
0.75%
One Year Average Fees
Fees shown here (blue) represent what you would pay over a year if you had $30,000 invested in this fund. Compare them with the average fees for Conservative KiwiSaver scheme funds (light blue).
Growth / income split
The fund’s mix of growth assets (shares, property) and income assets (bonds, cash) as of 30 June 2026. The average mix for conservative KiwiSaver scheme funds is shown in light blue.
Asset mix
What this fund holds
This fund's asset mix
Average for conservative funds
Your investment mix shapes your outcome
The balance of assets you choose — your asset allocation, has the biggest impact on how your investments perform and how much their value may rise or fall along the way. Selecting that balance is crucial. By adjusting the proportion of growth-oriented investments you include, you’re effectively setting your preferred level of risk. Generally, taking on more risk can increase the potential for higher returns, but there’s never a guarantee — that’s the nature of risk. To find an allocation suited to your personal circumstances (sometimes called your risk profile), you can start with an investor risk questionnaire or a KiwiSaver-specific guide.
Largest holdings · 30 June 2026
Top 10 holdings — 52.29% of this fund
These assets make up 52.29% of this fund as at 30 June 2026.
| Asset | Asset Class | Type | Country | % of Fund | |
|---|---|---|---|---|---|
 | Hunter Global Fixed Interest Fund | 21.44 | |||
 | New Zealand Government | 4.5 | |||
| New Zealand Government | 4.50 | |||
 | NZ Government | 4.25 | |||
| New Zealand Government | 4.25 | |||
 | New Zealand Government 14/04/2033 | 3.5 | |||
 | BNZ Transactional Account NZD | 3.36 | |||
 | ANZ Bank New Zealand Limited 17/09/2031 | 2.99 | |||
 | New Zealand Government 15/05/2032 | 2.00 | |||
| New Zealand Government | 1.5 |
Top-10 holdings changes
31 Mar 2026 → 30 Jun 2026
BNZ Transactional Account NZD3.36%
ANZ Bank New Zealand Limited 17/09/20312.99%
BNZ Transactional Accountwas 2.94%
New Zealand Government 15/05/2028was 0.25%
Bondwas 1.57%
New Zealand Government4.25% → 4.50% (+0.25 pp)
Hunter Global Fixed Interest Fund23.03% → 21.44% (-1.59 pp)
Fees in context
How this fee compares with the category
0.75%
This Fund
0.78%
Average Conservative KiwiSaver scheme funds
The blue segment shows the annual fees you’d pay if you invested $30,000 in this fund. The grey segment represents the typical yearly fees for an average Conservative KiwiSaver scheme fund, so you can compare them directly.
Smaller Fees, Bigger Potential
When it comes to investing, spending more doesn’t automatically lead to stronger results. In fact, higher fund fees can often eat into your returns. Remember, what you keep is calculated after fees and taxes are deducted. Because no one can predict how any fund will perform, it’s generally wise to look for options with lower costs whenever you can.
Fee breakdown
What makes up the 0.75% annual charge
| Fee Type | % Over a year | Amount paid on a 30k balance |
|---|---|---|
| total Total fund charges | 0.75% | — |
Returns in context
How the five-year return compares with the category
2.47%
This Fund
2.51%
Average Conservative KiwiSaver scheme funds
Over the past five years, this fund delivered the average annual return shown here (in green) to investors, after fees and taxes (28% PIR) were applied. For comparison, the average return over the same period for all Conservative KiwiSaver scheme funds is shown in grey.
Returns: Reflecting the Past
Investing is about seeking returns, but the figures shown here represent historical performance—they cannot be relied upon to continue in the future. Selecting a fund solely based on past performance is not advisable. A well-informed decision should consider factors such as an appropriate investment mix for your goals and reasonable fees.
Risk
Risk indicator: 3 of 7
Risk indicator
This indicator reflects how much the investment’s value has fluctuated over time. It is calculated from the fund’s five-year performance, or from a comparable market index if the fund has a shorter history.
Fund details
The numbers that don’t make headlines
Manager information
| Name | Forsyth Barr Investment Management Limited |
| Type | N/A |
| Website | summer.co.nz |
| NZBN | N/A |
| FSP Number | N/A |
Fund information
| Asset liquidity ratio | — |
| Total value of fund | $10,640,294 |
| Debt ratio | — |
Fee + return history
View detailed history →Quarterly fees and after-tax returns recorded against this fund since inception. Sourced from FMA Disclose Quarterly Fund Updates. The detailed view shows the full chart + per-quarter data table.
PDS changes
View detailed PDS history →Material changes to the Product Disclosure Statement over time — fee adjustments, asset-allocation shifts, scheme-rule amendments. Diff against the previous PDS shown side-by-side in the detailed view.
Holdings changes
View detailed holdings diff →Top-10-holdings additions, removals, and weight changes across quarters. Shows the manager's actual portfolio decisions over time, sourced from the fund's Quarterly Fund Update.
SIPO changes
View detailed SIPO history →Statement of Investment Policy and Objectives revisions — investment objective rewrites, asset-class target shifts, ESG policy changes, derivatives policy changes. The detailed view diffs against prior SIPO versions.
AI · API · Markdown
Machine-readable surfaceEvery fund page on FundCompare ships with structured JSON and a plain-markdown summary alongside the HTML — so LLMs, MCP clients, and analysts can cite the same regulator-sourced data the page renders. Source documents come from FMA Disclose, IRD, and Sorted Fund Finder.
Identifiers
- Provider
- Summer
- Scheme
- Summer KiwiSaver Scheme
Endpoints for Summer Conservative Selection
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cURL
curl -s "https://fundcompare.co.nz/api/fund/summer/summer-conservative-selection/facts.json" | jq .Python
import requests
data = requests.get("https://fundcompare.co.nz/api/fund/summer/summer-conservative-selection/facts.json").json()
print(data["fund_name" if "fund" == "fund" else "name"])MCP (Claude Desktop / ChatGPT)
# Claude Code (CLI):
claude mcp add --transport http fundcompare https://fundcompare.co.nz/mcp
# Cursor / Cline / Continue (settings JSON):
{ "mcpServers": { "fundcompare": { "url": "https://fundcompare.co.nz/mcp" } } }
# Claude Desktop (UI): Settings → Connectors → Add custom connector
# URL: https://fundcompare.co.nz/mcp
# Claude Desktop via JSON (uses npx mcp-remote bridge):
{ "mcpServers": { "fundcompare": {
"command": "npx", "args": ["-y", "mcp-remote", "https://fundcompare.co.nz/mcp"]
} } }
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