Lifestages Income Fund

In their own words: "The fund aims to provide investors with a low-risk investment option that invests solely in income assets, being cash and fixed interest investments."

At a glance:

Not Mindful
Type: Aggressive fund
Past Returns: 1.44%

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

Annual Fees: 0.93%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND2871
Name Lifestages Income Fund
Risk profile Aggressive fund
Description The fund aims to provide investors with a low-risk investment option that invests solely in income assets, being cash and fixed interest investments.
Value $92M NZD
Members 7,489
Market index description 60% Bloomberg Barclays Global Aggregate Index Hedged in NZD, 25% S&P/NZX NZ Govt Bond Index, 15% NZX NZ 90 Day Bank Bill Index.
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Wed Oct. 14th 2015
Three-year average return 1.44%
Market index past year return 6.07%
Past year return net charges and tax 3.12%
Past year return net of charges gross of tax 4.22%
Market index return since fund started 4.23%
Return since fund started net 1.90%
Total annual fund fees 0.93%
Total performance based fees 0.0%
Manager's basic fee 0.54%
Administration charges 0.39%
Total other charges 24.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 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 10.11% 2.37%
2018 6.68% 0.45%
2017 11.18% 1.5%

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:

  • Ishares Global Aggregate Bond Ucits ETF NZD Hedged
    Ireland Int Fixed Interest
    41.54%
  • Harbour NZ Core Fixed Interest Fund
    New Zealand NZ Fixed Interest
    24.54%
  • Dimensional Two-Year Diversified Fixed Interest Trust – NZD Class Units
    Australia Int Fixed Interest
    18.19%
  • Cash Deposit (ANZ Bank)
    New Zealand Cash and Equivalents A-1+
    2.64%
  • Southland Building Society Term Deposit Maturity 22/01/20
    New Zealand Cash and Equivalents BBB
    2.25%
  • Southland Building Society Term Deposit Maturity 20/03/20
    New Zealand Cash and Equivalents BBB
    1.67%
  • Southland Building Society Term Deposit Maturity 20/07/20
    New Zealand Cash and Equivalents BBB
    1.64%
  • Southland Building Society Term Deposit Maturity 20/04/20
    New Zealand Cash and Equivalents BBB
    1.11%
  • Southland Building Society Term Deposit Maturity 24/02/20
    New Zealand Cash and Equivalents BBB
    1.1%
  • Southland Building Society Term Deposit Maturity 27/05/20
    New Zealand Cash and Equivalents BBB
    1.1%

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 15.0% 15.73%
New Zealand Fixed Interest 25.0% 24.54%
International Fixed Interest 60.0% 59.73%
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 30 September 2019.

Key Personnel

  • Damon O'Brien

    Currently: Independent Investment Committee member (4 years, 8 months)
    Previously: Chief Investment Officer, Consilium Limited (7 years, 9 months)

  • Derek Young

    Currently: Investment Committee member (15 years, 6 months)
    Previously: Executive Director, Funds Administration New Zealand Ltd (current) (15 years, 6 months)

  • Graham Duston

    Currently: Investment Committee member (18 years, 3 months)
    Previously: Chief Executive Officer, Funds Administration New Zealand Ltd (current) (18 years, 3 months)

  • Martin Pike

    Currently: Investment Strategist (4 years, 4 months)
    Previously: National Manager, Investment Product & Services, AMP Financial Services (2 years, 4 months)

  • Mike Skilling

    Currently: Non-executive Director / Investment Committee chairperson (3 years, 7 months)
    Previously: GM Business Financial Services & Private Banking, BNZ (8 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:
    0.14%
  • Animal Testing:
    0.47%
  • Fossil Fuels:
    0.63%
  • Gambling:
    0.01%
  • GMOs:
    0.05%
  • Human Rights & Environmental Violations:
    0.18%
  • Palm Oil:
    0.00%
  • Tobacco:
    %
  • Weapons:
    0.11%

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

Nextera Energy Capital Holdings In 0.01%
Shell International Finance Bv Mtn Regs 0.01%

Weapons

Gambling

Alcohol

GMOs

Human Rights & Environmental Violations

Shell International Finance Bv Mtn Regs 0.01%

Animal Testing

Shell International Finance Bv Mtn Regs 0.013%

Download the fund's disclosure statement and portfolio holdings.

Latest news

You should be prudent about your investment.

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.