Lifestages KiwiSaver Scheme
Lifestages Capital Stable Portfolio

In their own words: "The Lifestages Capital Stable Portfolio aims to provide a low risk investment option. It is generally suitable if you want to have a ‘low risk’ investment portfolio which has the majority of its assets invested in cash and fixed interest investments."

At a glance:

Not Mindful
Type: Conservative fund
Past Returns: 3.23%

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

Annual Fees: 1.77%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND2938
Name Lifestages Capital Stable Portfolio
Risk profile Conservative fund
Description The Lifestages Capital Stable Portfolio aims to provide a low risk investment option. It is generally suitable if you want to have a ‘low risk’ investment portfolio which has the majority of its assets invested in cash and fixed interest investments.
Value $140M NZD
Members 8,093
Market index description 60% NZX NZ 90Day Bank Bill Index, 15% Bloomberg Barclays Global Aggregate Index Hedged to NZD, 6.5% NZX50 Gross Index, 3.5% S&P/ASX300 Accumulation Index in NZD, 15% MSCI World Index in NZD, 50 % Hedged to NZD.
Disclosure Statement Period Sun June 30th 2019
Fund started Sun Sept. 30th 2007
Three-year average return 3.23%
Market index past year return 4.78%
Past year return net charges and tax 2.73%
Past year return net of charges gross of tax 3.44%
Market index return since fund started 4.70%
Return since fund started net 3.57%
Total annual fund fees 1.77%
Total performance based fees 0.0%
Manager's basic fee 0.75%
Administration charges 1.02%
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 June 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 4.40% 3.01%
2018 3.80% 2.88%
2017 4.16% 3.79%
2016 3.52% 1.93%
2015 8.10% 5.05%
2014 3.88% 4.42%
2013 6.92% 4.43%
2012 3.16% 0.75%
2011 5.06% 2.48%
2010 10.26% 6.45%

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 June 2019.

Showing the top 10 investments for this fund:

  • Hunter Global Fixed Interest Fund
    New Zealand Int Fixed Interest
    10.9%
  • Ishares Wholesale Screened International Equity Index Fund (Class E2)
    Australia International Equities
    7.22%
  • Harbour NZ Equity Advanced Beta Fund
    New Zealand Australasian Equities
    6.95%
  • Southland Building Society Term Deposit Maturity 20/09/19
    New Zealand Cash and Equivalents BBB
    5.4%
  • Southland Building Society Term Deposit Maturity 03/02/20
    New Zealand Cash and Equivalents BBB
    5.32%
  • Southland Building Society Term Deposit Maturity 18/12/19
    New Zealand Cash and Equivalents BBB
    5.25%
  • Southland Building Society Term Deposit Maturity 20/02/20
    New Zealand Cash and Equivalents BBB
    5.22%
  • Southland Building Society Term Deposit Maturity 20/03/20
    New Zealand Cash and Equivalents BBB
    5.2%
  • Southland Building Society Term Deposit Maturity 20/04/20
    New Zealand Cash and Equivalents BBB
    4.42%
  • Dimensional Global Sustainability Trust – NZD Hedged Class Units
    Australia International Equities
    4.23%

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

How the money in this fund is invested.

Type Target Actual
Cash and Cash Equivalents 60.0% 59.61%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 15.0% 14.87%
Australasian Equities 10.0% 10.11%
International Equities 15.0% 15.41%
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 June 2019.

Key Personnel

  • Damon O'Brien

    Currently: Independent Investment Committee member (4 years, 2 months)
    Previously: Chief Investment Officer, Consilium Limited (7 years, 3 months)

  • Derek Young

    Currently: Investment Committee member (15 years, 0 months)
    Previously: Executive Director, Funds Administration New Zealand Ltd (current) (15 years, 0 months)

  • Graham Duston

    Currently: Investment Committee member (17 years, 9 months)
    Previously: Chief Executive Officer, Funds Administration New Zealand Ltd (current) (17 years, 9 months)

  • Martin Pike

    Currently: Investment Strategist (3 years, 10 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, 1 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 June 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:
    0.11%
  • Animal Testing:
    0.57%
  • Fossil Fuels:
    0.56%
  • Gambling:
    0.30%
  • GMOs:
    0.08%
  • Human Rights & Environmental Violations:
    0.36%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.04%

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.

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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.