NZ Funds KiwiSaver Scheme
NZ Funds Income Strategy

In their own words: "The objective of the Income Strategy is to provide exposure to income assets using an active management approach. It is anticipated that the fund will mainly hold cash and cash equivalents, and Australasian and international bonds. It may also invest in other permitted assets."

At a glance:

Not Mindful
Type: Defensive fund
Past Returns: 2.57%

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

Annual Fees: 1.15%

Annual fees, including membership and % management fee, assuming $10,000 investment.

More information:

A summary of this fund and it's details.

Number FND1579
Name NZ Funds Income Strategy
Risk profile Defensive fund
Description The objective of the Income Strategy is to provide exposure to income assets using an active management approach. It is anticipated that the fund will mainly hold cash and cash equivalents, and Australasian and international bonds. It may also invest in other permitted assets.
Value $31M NZD
Members 7,568
Market index description The market index is a composite index calculated using the market indices and weightings set out in the Statement of Investment Policy and Objectives.
Disclosure Statement Period Sun March 31st 2019
Fund started Mon Nov. 1st 2010
Three-year average return 2.57%
Market index past year return 5.59%
Past year return net charges and tax 3.21
Past year return net of charges gross of tax 4.49
Market index return since fund started 5.06%
Return since fund started net 2.90%
Total annual fund fees 1.15
Total performance based fees 0.0
Manager's basic fee 0.95
Administration charges 0.2
Total other charges 36.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

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

Year Market Index Fund Annual Return
2019 2.26% 3.21%
2018 2.15% 1.67%
2017 1.38% 2.82%
2016 2.64% 2.7%
2015 4.66% 3.14%
2014 2.00% 1.72%
2013 3.15% 4.67%
2012 3.62% 3.14%

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 31 March 2019.

Showing the top 10 investments for this fund:

  • Westpac 32 Day Term Deposit
    New Zealand Cash and Equivalents A-1+
    13.46%
  • Westpac Current Account
    New Zealand Cash and Equivalents A-1+
    10.2%
  • Vector 4.996% 14/03/2024
    New Zealand NZ Fixed Interest BBB
    5.27%
  • Insurance Australia Group 5.15% 15/06/2043
    New Zealand NZ Fixed Interest BBB
    4.29%
  • Microsoft 3.3% 06/02/2027
    United States Int Fixed Interest AAA
    4.17%
  • Bluescope Steel Finance Usa 4.625% 25/05/2023
    Australia Int Fixed Interest BBB-
    4.06%
  • Westpac Banking 4.695% 01/09/2026
    New Zealand NZ Fixed Interest BBB
    3.5%
  • Icahn Enter/Fin Iep 5.875% 01/02/2022
    United States Int Fixed Interest BB+
    3.47%
  • Wel Networks 4.9% 02/08/2023
    New Zealand NZ Fixed Interest
    3.18%
  • American Homes 4 Rent 4.9% 15/02/2029
    United States Int Fixed Interest BBB-
    2.96%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

How the money in this fund is invested.

Type Target Actual
Cash and Cash Equivalents 24.0% 23.66%
New Zealand Fixed Interest 35.0% 35.13%
International Fixed Interest 41.0% 41.21%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
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 31 March 2019.

Key Personnel

  • David Haslam

    Currently: Senior Dealer (2 years, 3 months)
    Previously: Equities Trader, UBS NZ (0 years, 11 months)

  • David Wilson

    Currently: Chief Operating Officer - Investments and a Principal (0 years, 4 months)
    Previously: Investment Strategist, New Zealand Funds Management Limited (21 years, 11 months)

  • James Grigor

    Currently: Chief Investment Officer and a Principal (0 years, 4 months)
    Previously: Senior Portfolio Manager, New Zealand Funds Management Limited (1 years, 7 months)

  • Mark Brooks

    Currently: Head of Income and a Principal (11 years, 4 months)
    Previously: Senior Portfolio Manager, Credaris (3 years, 4 months)

  • Michael Lang

    Currently: Chief Executive and a Director (0 years, 6 months)
    Previously: Chief Investment Officer, New Zealand Funds Management Limited (10 years, 1 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

The known proportion of this fund invested in the areas of concern that we track. The Fund may have investments that are not consistent with their exclusions policy because of timing issues or because there are companies of concern in indirect investments.

  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    2.43%
  • Animal Testing:
    2.06%
  • Fossil Fuels:
    2.06%
  • Gambling:
    6.41%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    5.21%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data has been compiled by Mindful Money from the portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2019 and Mindful Money analysis of funds within those portfolio. 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.

Does this fund have a policy to exclude any industries from its investments?

  • Adult Entertainment/Pornography:
  • Alcohol:
  • Animal Testing:
  • Fossil Fuels:
  • Gambling:
  • GMOs:
  • Human Rights & Environmental Violations:
  • Palm Oil:
  • Tobacco:
  • Weapons:

This data is compiled from Mindful Money analysis of Fund websites. 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.

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.

Download the fund's disclosure statement and portfolio holdings.

This information has been sourced from the six monthly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

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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.