AON KiwiSaver Scheme
AON Russell Lifepoints® Target Date 2055 Fund

In their own words: "To produce returns that provide capital growth and income consistent with its current asset allocation. The allocation to income assets increases progressively until it reaches 80% in 2055."

At a glance:

Not Mindful
Type: Growth fund
Past Returns: *8.52%

Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.

Annual Fees: 1.24%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND1207
Name AON Russell Lifepoints® Target Date 2055 Fund
Risk profile Growth fund
Description To produce returns that provide capital growth and income consistent with its current asset allocation. The allocation to income assets increases progressively until it reaches 80% in 2055.
Value $1.1M NZD
Members 98
Market index description The market index return reflects a composite of benchmark index returns, weighted for the fund’s target asset allocation. The benchmark indices used for each asset class are defined in the Statement of Investment Policy and Objectives (SIPO).
Disclosure Statement Period Mon Sept. 30th 2019
Fund started Fri Feb. 19th 2016
Three-year average return *8.52%
Market index past year return 8.52%
Past year return net charges and tax 5.38%
Past year return net of charges gross of tax 6.48%
Market index return since fund started 13.29%
Return since fund started net 12.30%
Total annual fund fees 1.24%
Total performance based fees 0.0%
Manager's basic fee 1.12%
Administration charges 0.12%
Total other charges 49.8
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2019 6.87% 6.07%
2018 7.63% 10.96%
2017 8.87% 14.62%

The market index is the average NZ KiwiSaver return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Showing the top 10 investments for this fund:

  • Russell Investments Hedged Global Shares Fund
    New Zealand International Equities
    29.66%
  • Russell Investments Global Shares Fund
    New Zealand International Equities
    28.36%
  • Russell Investments NZ Shares Fund
    New Zealand Australasian Equities
    28.14%
  • Russell Investments Global Fixed Interest Fund
    New Zealand Int Fixed Interest
    10.88%
  • Russell Investments NZ Fixed Interest Fund
    New Zealand NZ Fixed Interest
    2.96%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 0.0%
New Zealand Fixed Interest 3.0% 2.96%
International Fixed Interest 11.0% 10.88%
Australasian Equities 28.0% 28.14%
International Equities 58.0% 58.02%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Key Personnel

  • Amanda Beeslaar

    Currently: Principal and Head of Retirement Products, Aon New Zealand (2 years, 3 months)
    Previously: Principal and KiwiSaver Sales and Service Manager, Aon New Zealand (9 years, 4 months)

  • Dennis Church

    Currently: Director, Aon Saver Limited (0 years, 5 months)
    Previously: General Manager, Public Trust Corporate Trustee Services (9 years, 6 months)

  • Enzo Cutrupi

    Currently: Director, Aon Saver Limited (1 years, 10 months)
    Previously: Principal and Head of Product and Investment, Aon Australia (current position) (6 years, 6 months)

  • Helen Mckenzie

    Currently: Director, Aon Saver Limited (0 years, 5 months)
    Previously: Director, Superannuation Management Nominees Limited (current position) (2 years, 11 months)

  • Simon Ferry

    Currently: Manager of Retirement & Financial Management, Aon New Zealand (2 years, 5 months)
    Previously: Retirement Business Leader, Mercer Hong Kong (4 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    1.01%
  • Animal Testing:
    3.93%
  • Fossil Fuels:
    3.58%
  • Gambling:
    0.75%
  • GMOs:
    0.35%
  • Human Rights & Environmental Violations:
    2.20%
  • Palm Oil:
    0.03%
  • Tobacco:
    0.12%
  • Weapons:
    0.58%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

Note that many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons

Specific companies invested in:

Fossil Fuel

Bp Plc 0.25%
Suncor Energy Inc 0.15%
Royal Dutch Shell Plc-B Shs 0.11%
Anglo American Plc 0.07%
Exxon Mobil Corp 0.07%
Tullow Oil Plc 0.07%
Royal Dutch Shell Plc-A Shs 0.02%
Gazprom Pjsc 0.04%
Chevron Corp 0.04%
Bp Plc-Spons Adr 0.04%
Engie 0.03%
Lukoil Pjsc 0.03%
Reliance Industries Ltd 0.03%
Nextera Energy Inc 0.03%
S-Oil Corp 0.03%
Petrobras Distribuidora Sa 0.02%
South32 Ltd 0.02%
Lundin Petroleum Ab 0.02%
Gs Holdings 0.02%
Hindustan Petroleum Corp 0.02%
Petrochina Co Ltd-H 0.02%
Conocophillips 0.02%
Canadian Natural Resources 0.02%
Sk Innovation Co Ltd 0.02%
Mol Hungarian Oil and Gas Pl 0.02%
Phillips 66 0.01%
Adaro Energy Tbk Pt 0.01%
Rosneft Oil Co Pjsc 0.01%
Cnooc Ltd 0.01%
Petrobras - Petroleo Bras-Pr 0.01%
China Petroleum & Chemical-H 0.01%
Indian Oil Corp Ltd 0.01%
Transneft Pjsc 0.01%
Cosan Sa 0.01%
Polski Koncern Naftowy Orlen 0.01%
Tatneft Pjsc 0.01%
Polskie Gornictwo Naftowe I 0.01%
Grupa Lotos Sa 0.01%
Marathon Petroleum Corp 0.02%
Inner Mongolia Yitai Coal-B 0.01%
China Coal Energy Co-H 0.01%
Petrochina Co Ltd-A 0.01%
China Shenhua Energy Co-H 0.01%
China Petroleum & Chemical-A 0.01%
Yanzhou Coal Mining Co-H 0.01%
Total Sa 0.01%
Novatek Pjsc-Spons Gdr Reg S 0.01%
Bukit Asam Tbk Pt 0.01%
Petrobras - Petroleo Bras 0.01%
Petroleos Mexicanos 0.04%
Shell International Fin 0.02%
Total Capital Intl Sa 0.02%
Husky Energy Inc 0.01%
Newfield Exploration Co 0.01%
Conocophillips Company 0.01%

Weapons

United Technologies Corp 0.09%
Qinetiq Group Plc 0.07%
Meggitt Plc 0.03%
Leidos Holdings Inc 0.03%
Chemring Group Plc 0.02%
Curtiss-Wright Corp 0.02%
Mitsubishi Heavy Industries 0.02%
Caci International Inc -Cl A 0.01%

Tobacco

Essentra Plc 0.05%

Gambling

Kangwon Land Inc 0.03%
Grand Korea Leisure Co Ltd 0.02%
Sky City Entertainment Group 0.62%

Alcohol

Diageo Plc 0.15%
Heineken Nv 0.09%
Kirin Holdings Co Ltd 0.06%
Stock Spirits Group Plc 0.05%
United Spirits Ltd 0.03%
Asahi Group Holdings Ltd 0.03%
Carlsberg As-B 0.02%
Ambev Sa 0.01%
Delegat Group Ltd 0.12%

Palm Oil

GMOs

Novartis Ag-Reg 0.15%
Bayer Ag 0.02%

Human Rights & Environmental Violations

Nestle Sa-Reg 0.36%
Johnson & Johnson 0.01%
Royal Dutch Shell Plc-B Shs 0.11%
Petroleo Brasileiro-Spon Adr 0.07%
Royal Dutch Shell Plc-A Shs 0.02%
Chevron Corp 0.04%
Barrick Gold Corp 0.02%
Petrochina Co Ltd-H 0.02%
Duke Energy Corp 0.01%
Archer-Daniels-Midland Co 0.01%
Petrochina Co Ltd-A 0.01%
Shell International Fin 0.02%
Vale Overseas Limited 0.01%

Animal Testing

Nestle Sa-Reg 0.358%
Johnson & Johnson 0.012%
Pepsico Inc 0.270%
Unilever Nv 0.162%
Glaxosmithkline Plc 0.145%
Royal Dutch Shell Plc-B Shs 0.114%
Procter & Gamble Co/The 0.099%
Colgate-Palmolive Co 0.080%
Coca-Cola Co/The 0.077%
Tesco Plc 0.057%
Royal Dutch Shell Plc-A Shs 0.017%
Chevron Corp 0.040%
Danone 0.040%
Elementis Plc 0.023%
General Mills Inc 0.020%
Archer-Daniels-Midland Co 0.011%
Reckitt Benckiser Tsy 0.022%
Shell International Fin 0.022%
Bayer Ag 0.019%
Newell Brands Inc 0.012%

Download the fund's disclosure statement and portfolio holdings.

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Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital investment. Past returns are not a guide to future returns. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.