# Summer Balanced Selection

> Mechanical fund record. Sourced from the FMA Disclose register. ManagedFundsNZ does not give financial advice and does not publish opinion-based ratings.

- **Manager:** Summer (Forsyth Barr Investment Management Limited), parent Forsyth Barr
- **Asset class:** Diversified Funds
- **Risk profile:** balanced
- **Structure:** NZ Portfolio Investment Entity (PIE) — investor tax capped at PIR (max 28%)
- **Confidence tier:** C (Sorted Smart Investor → FMA Disclose)
- **Last verified:** 2026-05-22

## Summary

The Summer Balanced Selection is a diversified managed fund run by Summer. Forsyth Barr-owned retail investment brand with a Selection multi-asset range and single-asset-class index funds.

## Fund data

- **Annual fund charge:** 1.02% p.a. (from the latest Quarterly Fund Update)
- **5-year return (after charges, after tax at 28% PIR):** 3.36% p.a.
- **Risk indicator:** 4/7 on the FMA-mandated standardised scale (1 = lower risk, 7 = higher risk)
- **Fund size (AUM):** NZ$125 million
- **Asset mix:** 54% growth assets · 46% income assets
- **Fund started:** 19 September 2016

## Top 10 holdings

1. Hunter Global Fixed Interest Fund — 18.09%
2. Vanguard ESG US Stock ETF — 1.89%
3. Fisher & Paykel Healthcare Corporation Limited — 1.87%
4. New Zealand Government 1.5% 15/05/2031 — 1.80%
5. New Zealand Government 14/04/2033 3.5 — 1.39%
6. Precinct Properties New Zealand Limited — 1.35%
7. Goodman Property Trust — 1.33%
8. Kiwi Property Group Limited — 1.07%
9. Microsoft Corporation — 1.07%
10. New Zealand Government 15/05/2032 2.00 — 1.00%

Holdings are disclosed in every Quarterly Fund Update; the full portfolio holdings file is available via the FMA Disclose register.

## How to invest

Available via: Summer directly. Read the current Product Disclosure Statement (PDS) before investing.

## Sources

- **FMA Disclose register** (primary): https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=Summer%20Balanced%20Selection
- **Product Disclosure Statement:** /disclose-document/b6f336e391007734/Summer-Kiwi-Saver-Scheme-Product-Disclosure-Statement-14-May-2026.pdf
- **Sorted Smart Investor** (cross-validation): https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH10648/OFR10856/FND1190/
- **Manager website:** https://www.summer.co.nz

## Citations (authoritative primary sources)

- FMA Disclose register — https://disclose-register.companiesoffice.govt.nz/ (publisher: Financial Markets Authority, NZ)
- Inland Revenue — PIE / PIR rules — https://www.ird.govt.nz/roles/portfolio-investment-entities
- Financial Markets Conduct Act 2013 — https://www.legislation.govt.nz/act/public/2013/0069/latest/DLM4090578.html
- Sorted Smart Investor (cross-validation only) — https://smartinvestor.sorted.org.nz/

## This file

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- **First published:** 2026-05-08
- **Last refreshed:** 2026-05-22
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ManagedFundsNZ is independent. We are not a Financial Advice Provider. This page is general information sourced from the FMA Disclose register; it is not personalised financial advice. Read the current PDS and consider talking to a licensed adviser before investing.