Lifestages KiwiSaver Scheme
Lifestages Auto Option Age 65+

In their own words: "This life cycle investment stage invests 25% in the Lifestages High Growth Fund and 75% in the Lifestages Income Fund, which is regarded as providing appropriate levels of risk and return for a person aged 65+."

At a glance:

Not Mindful
Type: Defensive fund
Past Returns: 3.18%

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, assuming $10,000 investment.

More information:

A summary of this fund and it's details.

Number FND9436
Name Lifestages Auto Option Age 65+
Risk profile Defensive fund
Description This life cycle investment stage invests 25% in the Lifestages High Growth Fund and 75% in the Lifestages Income Fund, which is regarded as providing appropriate levels of risk and return for a person aged 65+.
Value $1.5M NZD
Members 69
Market index description 12.5% MSCI World Index in NZD (50% Hedged to NZD), 2% MSCI Emerging Markets Index in NZD, 3.5% S&P/ASX300 Accummulation Index in NZD, 3.5% NZX50 Gross Index, 1.25% FTSE Develop Core Infrastructure Index in NZD, 0.75% NZX Property Index, 1% FTSE EPRA/NAREIT Developed Property Index in NZD, 45% Bloomberg Barclays Global Aggregate Index Hedged in NZD, 18.75% S&P/NZX NZ Govt Bond Index, 11.75% NZX NZ 90 Day Bank Bill Index.
Disclosure Statement Period Sun March 31st 2019
Fund started Wed Oct. 14th 2015
Three-year average return 3.18%
Market index past year return 6.48%
Past year return net charges and tax 3.78
Past year return net of charges gross of tax 4.93
Market index return since fund started 5.61%
Return since fund started net 3.14%
Total annual fund fees 1.24
Total performance based fees 0.0
Manager's basic fee 0.7
Administration charges 0.54
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 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% 3.78%
2018 2.15% 1.72%
2017 1.38% 4.05%

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:

  • Ishares Global Aggregate Bond Ucits ETF NZD Hedged
    Ireland Int Fixed Interest
    29.3%
  • Harbour NZ Core Fixed Interest Fund
    New Zealand NZ Fixed Interest
    18.56%
  • Dimensional Two-Year Diversified Fixed Interest Trust – NZD Class Units
    Australia Int Fixed Interest
    14.44%
  • Ishares Wholesale Screened International Equity Index Fund (Class E2)
    Australia International Equities
    6.19%
  • Vanguard International Shares Select Exclusions Index Fund - NZD Hedged
    Australia International Equities
    6.16%
  • Harbour NZ Equity Advanced Beta Fund
    New Zealand Australasian Equities
    3.59%
  • Cash Deposit (ANZ Bank)
    New Zealand Cash and Equivalents A1
    3.37%
  • Ishares Emerging Markets Imi Equity Index Fund
    Australia International Equities
    1.97%
  • Southland Building Society Term Deposit Maturity 20/09/19
    New Zealand Cash and Equivalents BBB
    1.9%
  • Southland Building Society Term Deposit Maturity 22/01/20
    New Zealand Cash and Equivalents BBB
    1.89%

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 11.75% 13.24%
New Zealand Fixed Interest 18.75% 18.56%
International Fixed Interest 45.0% 43.74%
Australasian Equities 7.0% 7.09%
International Equities 14.5% 14.32%
Listed Properties 1.75% 1.79%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 1.25% 1.26%
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

  • Damon O'Brien

    Currently: Independent Investment Committee member (3 years, 11 months)
    Previously: Chief Investment Officer, Consilium Limited (7 years, 0 months)

  • Derek Young

    Currently: Investment Committee member (14 years, 9 months)
    Previously: Executive Director, Funds Administration New Zealand Ltd (current) (14 years, 9 months)

  • Graham Duston

    Currently: Investment Committee member (17 years, 6 months)
    Previously: Chief Executive Officer, Funds Administration New Zealand Ltd (current) (17 years, 6 months)

  • Martin Pike

    Currently: Investment Strategist (3 years, 7 months)
    Previously: National Manager, Investment Product & Services, AMP Financial Services (2 years, 4 months)

  • Mike Skilling

    Currently: Independent Director / Investment Committee chairperson (2 years, 10 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 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:
    0.20%
  • Animal Testing:
    0.96%
  • Fossil Fuels:
    1.46%
  • Gambling:
    0.16%
  • GMOs:
    0.11%
  • Human Rights & Environmental Violations:
    0.70%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.06%
  • Weapons:
    0.13%

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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