Summer KiwiSaver Scheme
Summer Listed Property
Recent material changes
Diffs we track across PDS, SIPO, holdings + fee history
- View holdings changes →HoldingsMATERIALJun 2026Top-10 turnover: 2 new, 2 droppedQuarter-on-quarter (Mar 2026 → Jun 2026)
- View fee + return history →FeeMATERIALJun 2026Annual fee 1.02% → 0.9% (-0.12pp)Quarter-on-quarter (Mar 2026 → Jun 2026)
Overview
About this aggressive fund
Summer Listed Property sits within the Summer KiwiSaver Scheme as an Aggressive fund. It focuses on listed property investments and is positioned at the growth end of the scheme's fund range. The fund aims to deliver capital growth over the medium to long term through exposure to the property sector.
Over the five-year period to 30 June 2026, the fund returned an average of −2.29% annually. The fund charges an annual fee of 0.90%, which sits above the peer median of 0.85% for Aggressive scheme funds. Past performance is not a reliable indicator of future returns.
Aggressive scheme funds carry a risk indicator of 5 out of 7 on the FMA scale and are typically considered suitable for members with longer investment horizons who can tolerate significant year-to-year fluctuations in value. These funds are generally not appropriate for members nearing their retirement date or those with low risk tolerance.
Performance
Summer Listed Property 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 -2.29%. Past performance is not a reliable indicator of future returns.
Fees
At 0.90% in annual charges, Summer Listed Property's fee sits 0.05 percentage points above the median for Aggressive KiwiSaver scheme funds in our coverage (median 0.85%). 69 of the 128 funds in this cohort charge a lower annual fee (this fund ranks 70 cheapest of 128). Fee level is a mechanical signal — does not factor in returns, risk, or manager skill.
Risk and suitability
Summer Listed Property carries a risk indicator of 5/7 on the FMA risk scale. Risk indicator 5-6 funds are typically considered for members with a long investment horizon (10+ years) who can tolerate larger short-term value swings in exchange for higher long-term return potential. FundCompare does not provide personalised advice; consult a licensed financial adviser to understand whether this risk profile fits your circumstances.
Snapshot
-2.29% a year over five years, at a 0.9% annual fee
Five-year return
-2.29%
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 Aggressive KiwiSaver scheme fund (light green).
-2.29% for this fund — category median 7.89% across 35 Aggressive KiwiSaver scheme funds at 30 June 2026. This fund ranks 34 of 35 (3rd percentile) by five-year after-fee return.
Past performance is not an indicator of future performance.
Annual fee
0.9%
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 Aggressive 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 aggressive KiwiSaver scheme funds is shown in light blue.
Asset mix
What this fund holds
This fund's asset mix
Average for aggressive 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 — 90.73% of this fund
These assets make up 90.73% of this fund as at 30 June 2026.
| Asset | Asset Class | Type | Country | % of Fund | |
|---|---|---|---|---|---|
 | Precinct Properties New Zealand Limited | 18.88 | |||
 | Goodman NZ Ltd & Goodman Property Services Ltd | 18.62 | |||
 | Kiwi Property Group Limited | 15.26 | |||
 | Property For Industry Limited | 10.27 | |||
 | Vital Healthcare Property Trust | 8.24 | |||
 | Argosy Property Limited | 7.32 | |||
 | Stride Property Group | 5.99 | |||
 | BNZ Transactional Account NZD | 2.45 | |||
 | New Zealand Rural Land Company | 1.86 | |||
 | Investore Property Limited | 1.84 |
Top-10 holdings changes
31 Mar 2026 → 30 Jun 2026
Goodman NZ Ltd & Goodman Property Services Ltd18.62%
BNZ Transactional Account NZD2.45%
Summerset Group Holdings Limitedwas 1.32%
Property For Industry Limited9.08% → 10.27% (+1.19 pp)
Kiwi Property Group Limited14.58% → 15.26% (+0.68 pp)
Argosy Property Limited8.46% → 7.32% (-1.14 pp)
Stride Property Group6.49% → 5.99% (-0.50 pp)
Vital Healthcare Property Trust8.63% → 8.24% (-0.39 pp)
Investore Property Limited2.10% → 1.84% (-0.26 pp)
New Zealand Rural Land Company2.05% → 1.86% (-0.19 pp)
Fees in context
How this fee compares with the category
0.9%
This Fund
0.7%
Average Aggressive 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 Aggressive 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 0.9% annual charge
| Fee Type | % Over a year | Amount paid on a 30k balance |
|---|---|---|
| total Total fund charges | 0.90% | — |
Returns in context
How the five-year return compares with the category
-2.29%
This Fund
7.09%
Average Aggressive 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 Aggressive 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: 5 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 | $7,912,397 |
| 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 Listed Property
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Quick examples
cURL
curl -s "https://fundcompare.co.nz/api/fund/summer/summer-listed-property/facts.json" | jq .Python
import requests
data = requests.get("https://fundcompare.co.nz/api/fund/summer/summer-listed-property/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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Investing involves risk. The value of your investment can go down as well as up, and you may get back less than you put in. Past performance is not a reliable indicator of future returns.
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