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: 0.98%

Annual fees, including membership and % management fee.

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 $3.5M NZD
Members 116
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 Tue Dec. 31st 2019
Fund started Wed Oct. 14th 2015
Three-year average return 3.18%
Market index past year return 10.75%
Past year return net charges and tax 7.73%
Past year return net of charges gross of tax 8.89%
Market index return since fund started 6.02%
Return since fund started net 3.54%
Total annual fund fees 0.98%
Total performance based fees 0.0%
Manager's basic fee 0.6%
Administration charges 0.38%
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 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 30 September 2019.

Showing the top 10 investments for this fund:

  • Ishares Global Aggregate Bond Ucits ETF NZD Hedged
    Ireland Int Fixed Interest
    31.13%
  • Harbour NZ Core Fixed Interest Fund
    New Zealand NZ Fixed Interest
    18.39%
  • Dimensional Two-Year Diversified Fixed Interest Trust – NZD Class Units
    Australia Int Fixed Interest
    13.62%
  • Vanguard International Shares Select Exclusions Index Fund - NZD Hedged
    Australia International Equities
    6.42%
  • Ishares Wholesale Screened International Equity Index Fund (Class E2)
    Australia International Equities
    6.14%
  • Harbour NZ Equity Advanced Beta Fund
    New Zealand Australasian Equities
    3.61%
  • Cash Deposit (ANZ Bank)
    New Zealand Cash and Equivalents A-1+
    2.68%
  • Ishares Emerging Markets Imi Equity Index Fund
    Australia International Equities
    1.87%
  • Dimensional Australian Core Equity Trust
    Australia Australasian Equities
    1.76%
  • Ishares Wholesale Australian Equity Index Fund
    Australia Australasian Equities
    1.69%

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 11.75% 12.49%
New Zealand Fixed Interest 18.75% 18.39%
International Fixed Interest 45.0% 44.75%
Australasian Equities 7.0% 7.06%
International Equities 14.5% 14.43%
Listed Properties 1.75% 1.68%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 1.25% 1.2%
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:
    0.22%
  • Animal Testing:
    1.02%
  • Fossil Fuels:
    1.45%
  • Gambling:
    0.18%
  • GMOs:
    0.10%
  • Human Rights & Environmental Violations:
    0.71%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.06%
  • Weapons:
    0.12%

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

Exxon Mobil Corp. 0.04%
Chevron Corp. 0.03%
Bp Plc 0.02%
Total Sa 0.02%
Royal Dutch Shell Plc Class A 0.02%
Nextera Energy Inc. 0.07%
Royal Dutch Shell Plc Class B 0.02%
Enbridge Inc. 0.04%
Dominion Energy Inc. 0.04%
Reliance Industries Ltd 0.02%
Gazprom 0.01%
BHP Group Ltd 0.10%
Woodside Petroleum 0.03%
Apa Group Units 0.01%
Origin Energy Ltd 0.01%
Santos Ltd 0.01%
South32 Ltd 0.01%
Woodside Petroleum Ltd 0.03%
Kinder Morgan Inc./De 0.02%
Oneok Inc. 0.02%
Pembina Pipeline Corp. 0.01%

Weapons

Tobacco

Gambling

Sky City Entertainment Group 0.12%
Aristocrat Leisure Ltd 0.02%
Tabcorp Holdings Ltd 0.01%

Alcohol

Lvmh Moet Hennessy Louis Vuitton Se 0.02%
Diageo Plc 0.01%
Treasury Wine Estates Ltd 0.01%

Palm Oil

GMOs

Novartis Ag 0.03%
Bayer Ag 0.01%
Basf Se 0.01%

Human Rights & Environmental Violations

Johnson & Johnson 0.06%
Nestle Sa 0.05%
Johnson & Johnson 0.06%
Nestle Sa 0.05%
Royal Dutch Shell Plc Class A 0.02%
Royal Dutch Shell Plc Class B 0.02%
Duke Energy Corp. 0.04%
BHP Group Ltd 0.10%
Sempra Energy 0.02%

Animal Testing

Johnson & Johnson 0.056%
Nestle Sa 0.053%
Procter & Gamble 0.051%
Johnson & Johnson 0.054%
Nestle Sa 0.050%
Procter & Gamble Co. 0.048%
Coca-Cola Co. 0.034%
Pepsico Inc. 0.029%
Royal Dutch Shell Plc Class A 0.019%
Lvmh Moet Hennessy Louis Vuitton Se 0.018%
Glaxosmithkline Plc 0.018%
Royal Dutch Shell Plc Class B 0.017%
Unilever Nv 0.013%
Bayer Ag 0.011%
Basf Se 0.010%
Unilever Plc 0.010%

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.