Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
Annual fees, including any membership and % management fee.
The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.
Fossil Fuel
Eog Resources Inc 0.03%
Galp Energia Sgps SA 0.01%
Nextera Energy Inc 0.06%
Wec Energy Group Inc 0.17%
Weyerhaeuser Co 0.03%
Xcel Energy Inc 0.18%
Weapons
Amphenol Corp-Cl A 0.02%
Safran SA 0.04%
Alcohol
China Resources Beer (Holdings) Co Ltd 0.02%
LVMH Moet Hennessy Louis Vuitton 0.05%
Masan Group Corp 0.02%
United Spirits Ltd 0.01%
Human Rights & Environmental Violations
Nestle SA 0.17%
Sempra Energy 0.06%
Animal Testing
Clorox Company 0.040%
Colgate-Palmolive Co 0.040%
Estee Lauder - Class A Shares 0.070%
Estee Lauder Companies-Cl A 0.030%
Koninklijke Dsm Nv 0.020%
Linde PLC 0.040%
LVMH Moet Hennessy Louis Vuitton 0.050%
Nestle SA 0.170%
Pepsico Inc 0.140%
Reckitt Benckiser Group 0.230%
Symrise AG 0.040%
Unilever Indonesia Tbk Pt 0.010%
Unilever PLC 0.050%
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed Sept. 30th 2020 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, Sustainalytics and research organisations.
Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.
Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.
Year | Market Average | Fund Annual Return |
---|---|---|
2020 | -3.47% | -0.04% |
2019 | 6.87% | 8.36% |
2018 | 7.63% | 9.81% |
2017 | 8.87% | 5.29% |
2016 | 3.62% | 5.79% |
2015 | 13.73% | 15.17% |
The market average is the average 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 Wed Sept. 30th 2020.
Showing the top 10 investments for this fund:
-
Berkshire Hathaway
United States International Equities5.87% -
T Rowe Price Global Equity Fund
Australia Fund5.49% -
ASB NZ Dollar Cash Account
New Zealand Cash and Equivalents A14.99% -
Magellan Global Fund
Australia Fund4.92% -
Infratil
New Zealand Australasian Equities4.45% -
Alibaba Group Holdings
Switzerland International Equities3.34% -
Spark
New Zealand Australasian Equities3.26% -
Platinum International Fund
Australia Fund3.25% -
Worldwide Healthcare Trust
United Kingdom Fund3.05% -
Ping An Insurance Group
Switzerland International Equities2.62%
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed Sept. 30th 2020.
How the money in this fund is invested against the fund's targets.
Target
Actual
Type | Target | Actual |
---|---|---|
Cash and Cash Equivalents | 5.0% | 4.81% |
New Zealand Fixed Interest | 23.13% | 24.81% |
International Fixed Interest | 0.0% | 0.0% |
Australasian Equities | 15.25% | 17.61% |
International Equities | 41.36% | 42.12% |
Listed Properties | 15.25% | 10.65% |
Unlisted Properties | 0.0% | 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 Wed Sept. 30th 2020.
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 concernDoes this fund say it excludes this?Actual holdings
-
Adult Entertainment/Pornography:0.00%
-
Alcohol:0.11%
-
Animal Testing:0.95%
-
Fossil Fuels:0.49%
-
Gambling:0.00%
-
GMOs:0.00%
-
Human Rights & Environmental Violations:0.24%
-
Palm Oil:0.00%
-
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 Wed Sept. 30th 2020 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, Sustainalytics 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.
In their own words
"The objective of the Stepping Stones 36-45 years old investment option is to provide a growth investment return over the long-term through investment in a portfolio of actively managed cash fixed interest listed property (including aged care) and infrastructure assets Australasian equities and international equities. The investment option has a medium to high level of volatility."
Value | $29M NZD |
Period of data report | Wed Sept. 30th 2020 |
Members | 1,151 |
Fund started | Tue April 16th 2013 |
Total annual fund fees | 1.42% |
Total performance based fees | 0.0% |
Manager's basic fee | 1.0% |
Administration charges | 0.42% |
Total other charges | 36.0 |
Total other charges currency | NZD |
Key Personnel
Sam Goldwater |
Currently: Portfolio Manager / Investment Committee Member / Executive Director (7 years, 6 months) |
Henry Tongue |
Currently: Chief Executive Officer / Investment Committee Member / Director (7 years, 6 months) |
Peter Brook |
Currently: Investment Committee Chair / Director (7 years, 6 months) |
Nick Bowden |
Currently: Investment Committee Member (4 years, 1 months) |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed Sept. 30th 2020.
Downloads
Download the fund's disclosure statement and portfolio holdings.