Booster Default Saver

Booster Default Saver charges a total fee of 0.35 percent and holds $732.1 million in member funds, a substantial scale for a default option. The fee sits at the lower end of the market, with no performance or other charges added.

The fund splits 55 percent into growth assets and 45 percent into income. International shares take the largest slice at 36.73 percent, followed by international bonds at 19.5 percent and New Zealand bonds at 15.83 percent. Australasian shares account for 14.5 percent, with cash and equivalents at 10.75 percent. The top holdings include NVIDIA at 2 percent, Apple at 1.87 percent and Fisher & Paykel Healthcare at 1.85 percent. Microsoft, Auckland Airport and Infratil also feature. The fund returned 9.4 percent over one year and 12.3 percent per year over three years.

The allocation positions the fund as a balanced option with a moderate lean toward growth, designed for members who were automatically enrolled and have not made an active choice. The mix of global and local equities alongside a substantial fixed interest allocation reflects a mid-range risk level.

General information only, not financial advice. Past performance is not a reliable indicator of future results.