Fund Information

You can invest in any of the five funds. There is one multi-asset-class fund and four single-asset-class funds to choose from. You can also switch between these funds anytime.

Here's an overview of the funds:

SIL Balanced Plus Fund

The SIL Balanced Plus Fund invests mainly in growth assets (equities, listed property and listed infrastructure), with some exposure to income assets (cash and cash equivalents and fixed interest). The fund also can have a small exposure to alternative assets.

Target investment mix summary

*6% Cash and cash equivalents

*29% Fixed interest

*7.5% Listed property

*55% Australasian and international equities

*2.5% Other (listed infrastructure)

SIL New Zealand Fixed Interest Fund

The SIL New Zealand Fixed Interest Fund invests mainly in New Zealand fixed interest assets. Investments may include:

  • fixed interest assets in New Zealand dollars, or issued by New Zealand located or incorporated entities and hedged back to New Zealand dollars, and
  • cash and cash equivalents.

Target investment mix summary

*Fixed interest

SIL New Zealand Share Fund

The SIL New Zealand Share Fund invests mainly in New Zealand equities. Investments may include:

  • equities in companies that are listed or intend to list on the New Zealand stock exchange, and
  • cash and cash equivalents.

Target investment mix summary

*Equities

SIL International Share Fund

The SIL International Share Fund invests mainly in international equities. Investments may include:

  • equities in companies that are listed on a recognised stock exchange, and
  • cash and cash equivalents.

Target investment mix summary

*Equities

SIL Cash Plus Fund

The SIL Cash Plus Fund invests mainly in cash and cash equivalents. Investments may include cash and cash equivalents issued by:

  • the New Zealand Government, New Zealand-registered banks, corporations or local authorities; or
  • non-New Zealand sovereign, supranationals or related agencies denominated in New Zealand dollars.

Target investment mix summary

*Cash and cash equivalents

More details on how the funds invest can be found in the statement of investment policy and objectives, which is available on the scheme register at companiesoffice.govt.nz/disclose (click on ‘Search schemes’ and search SIL Mutual Scheme).