NZ Defence Force Moderate Fund

In their own words: "Invests in cash and fixed interest, with about a third of investments being in growth assets such as shares and real assets. May be suitable for investors who want to invest in a broad mix of assets and who are comfortable with a higher degree of volatility in returns than can be expected from the Conservative fund."

At a glance:

Not Mindful
Type: Balanced fund
Past Returns: 4.36%

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

Annual Fees: 0.9%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND34
Name NZ Defence Force Moderate Fund
Risk profile Balanced fund
Description Invests in cash and fixed interest, with about a third of investments being in growth assets such as shares and real assets. May be suitable for investors who want to invest in a broad mix of assets and who are comfortable with a higher degree of volatility in returns than can be expected from the Conservative fund.
Value $5.2M NZD
Members 445
Market index description The composite index return is the strategic asset allocation weighted benchmark index return, where the benchmark indices are defined in the Statement of Investment Policy and Objectives. Additional information about the composite index is available on the offer register.
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Fri Oct. 9th 2015
Three-year average return 4.36%
Market index past year return 10.59%
Past year return net charges and tax 8.38%
Past year return net of charges gross of tax 9.68%
Market index return since fund started 6.15%
Return since fund started net 4.46%
Total annual fund fees 0.9%
Total performance based fees 0.0%
Manager's basic fee 0.59%
Administration charges 0.31%
Total other charges 30.0
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 5.68% 3.89%
2018 5.63% 4.54%
2017 6.10% 4.64%

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:

  • AMP Capital Investors NZ Cash Fund
    New Zealand Cash and Equivalents NA
    25.09%
  • Robeco Global Credit Fund
    Australia Int Fixed Interest NA
    2.51%
  • New Zealand Government Bond 5.5% 15/04/2023
    New Zealand NZ Fixed Interest AA+
    1.76%
  • First State Investments Global Listed Infrastructure Fund
    New Zealand Other NA
    1.3%
  • New Zealand Government Bond 6% 15/05/2021
    New Zealand NZ Fixed Interest AA+
    1.12%
  • New Zealand Government Bond 3.5% 14/04/2033
    New Zealand NZ Fixed Interest AA+
    1.03%
  • New Zealand Government Indexed Bond 2% 20/09/2025
    New Zealand NZ Fixed Interest AA+
    0.98%
  • Housing New Zealand Ltd Bond 3.42% 18/10/2028
    New Zealand NZ Fixed Interest AA+
    0.98%
  • Aviva Investors Multi-Strategy Fixed Income Fund
    Australia Int Fixed Interest NA
    0.88%
  • Westpac Business Interest Account
    New Zealand Cash and Equivalents AA-
    0.82%

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 24.0% 26.79%
New Zealand Fixed Interest 13.0% 11.58%
International Fixed Interest 28.0% 25.7%
Australasian Equities 7.0% 5.03%
International Equities 16.0% 18.3%
Listed Properties 2.0% 2.0%
Unlisted Properties 2.0% 2.19%
Unknown None% 0.0%
Other 7.0% 7.45%
Commodities 1.0% 0.96%

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

Key Personnel

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:
    0.31%
  • Animal Testing:
    0.78%
  • Fossil Fuels:
    1.24%
  • Gambling:
    0.24%
  • GMOs:
    0.16%
  • Human Rights & Environmental Violations:
    0.46%
  • Palm Oil:
    0.04%
  • Tobacco:
    0.00%
  • Weapons:
    0.06%

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

Rubis Eur1.25 0.07%
BHP Group Plc 0.05%
Total Sa 0.04%
Gazprom Pjsc Spon Adr 0.03%
Enbridge Inc 0.03%
Snam Spa 0.03%
China Petroleum & Chemical 0.03%
Royal Dutch Shell Plc-B Shs 0.03%
Kirby Corp 0.03%
Koninklijke Vopak Nv 0.02%
Eog Resources Inc 0.02%
BHP Group Limited Ordinary Fully Paid 0.02%
Apache Corp 0.02%
Exxon Mobil Corp 3.043% Due 03-01-2026 0.02%
Apt Pipelines Ltd 4.25% Due 07-15-2027 0.02%
Omv Ag 0.02%
Pvtpl Eni S P A Nt X 4.75% Due 09-12-2028 0.02%
Statoil Asa 2.65% Due 01-15-2024 0.02%
Eni Spa 0.02%
Lyondellbasell Industries 0.02%
Cnooc Ltd 0.02%
Total Capital Intl 3.75% Gtd Snr 10/04/24 USD 0.02%
Oneok Partners L P 3.375% Due 10-01-2022 0.02%
Chevron Corp 0.02%
Engie Aug5 0.02%
Repsol Sa 0.02%
Exxon Mobil Corporation 0.02%
Royal Dutch Shell Plc - A Shares 0.01%
Valero Energy Corp 0.01%
Anglo American Plc (Sa Line) 0.01%
Petrochina Co Ltd H 0.01%
Kinder Morgan Inc 1.5% Due 03-16-2022 0.01%
Novatek Pjsc 0.01%
Phillips 66 Com Usd0.01 0.01%
Cnooc Fin 2011 Ltd 4.25 Due 01-26-2021 0.01%
Korea Gas Corp 3.875% Due 02-12-2024 0.01%
Bp P.L.C 0.01%
Amerada Hess Corp 7.3% Due 08-15-2031 0.01%
Anglo American Platinum Limited 0.01%
Gaz Capital Sa 3.125% Snr 17/11/2023 EUR 0.01%
Apa Group 0.01%
Marathon Petrol Com 0.01%
Atco Ltd 0.01%
Kinder Morgan Energy Partners Lp 0.04%

Weapons

Leonardo Spa 0.01%
Safran Sa 0.01%

Gambling

Skycity Entertainment Group Limited 0.11%
Aristocrat Leisure Ltd 0.07%
Sands China Limited 0.01%

Alcohol

Diageo Ord 28 101/108P 0.06%
Pernod-Ricard Sa 0.03%
Carlsberg As - B 0.03%
Constellation Brands Inc 3.15% 08-01-2029 Beo 0.02%
Anheuser-Busch Cos Llc Corp 4.7% 02-01-2036 0.02%
Anheuser-Busch Cos Llc Corp 4.9% 02-01-2046 0.01%
Molson Coors Brewing Co B 0.01%
Anheuser-Busch 4.375% Due 04-15-2038 0.01%
Ambev Sa Com Npv 0.01%
Lvmh Moet Hennessy Vuitton Se 0.01%

Palm Oil

Brown Brown Inc 0.01%

GMOs

Novartis Ag - Chf0.50 (Regd) 0.13%
Nutrien Ltd 3.375% Due 03-15-2025 0.02%

Human Rights & Environmental Violations

Johnson & Johnson Com US$1 0.08%
Nestle Sa 0.08%
BHP Group Plc 0.05%
Sempra Energy USD 0.03%
Royal Dutch Shell Plc-B Shs 0.03%
BHP Group Limited Ordinary Fully Paid 0.02%
Nutrien Ltd 3.375% Due 03-15-2025 0.02%
Chevron Corp 0.02%
Royal Dutch Shell Plc - A Shares 0.01%
Petrochina Co Ltd H 0.01%
Jbs Sa 0.01%
Tokyo Electric Power Company Holdings Incorporated 0.01%
Leonardo Spa 0.01%
Centerra Gold Inc 0.01%

Animal Testing

Johnson & Johnson Com US$1 0.080%
Nestle Sa 0.080%
Procter & Gamble Company 0.080%
Pepsico Inc Cap US$0.01 2/3 0.050%
Coca Cola Co USD 0.050%
Estee Lauder Companies 0.040%
Glaxosmithkline Plc 0.040%
Colgate Palmolive Usd1 0.030%
Royal Dutch Shell Plc-B Shs 0.030%
Unilever Nv Eur0.16 0.030%
Unilever Plc 0.020%
Glaxosmithkline 6.375% Due 05-15-2038 0.020%
Kimberly Clark Corp Com Usd1.25 0.020%
Chevron Corp 0.020%
Royal Dutch Shell Plc - A Shares 0.010%
Walgreens Boots Al Com Usd0.01 0.010%
Glaxosmithkline Ca 0% Gtd Snr 12/09/2020Eur 0.010%
Kimberly Clark 6.625% Due 08-01-2037 0.010%
Albermarle Corp 0.010%
Unilever Nv 0.010%
Orica Limited 0.010%
Lvmh Moet Hennessy Vuitton Se 0.010%
Church & Dwight Co 0.010%

Download the fund's disclosure statement and portfolio holdings.

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