Generate Stepping Stones 61-64

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Not Mindful
Type: Conservative fund
Past Returns: 4.50%

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

Annual Fees: 1.25%

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

Wec Energy Group Inc 0.01%
Xcel Energy Inc 0.02%

Weapons

Alcohol

LVMH Moet Hennessy Louis Vuitton 0.02%

GMOs

Novartis AG 0.02%

Human Rights & Environmental Violations

Nestle SA 0.02%

Animal Testing

Estee Lauder - Class A Shares 0.010%
LVMH Moet Hennessy Louis Vuitton 0.020%
Nestle SA 0.020%
Pepsico Inc 0.010%
Reckitt Benckiser 0.020%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue March 31st 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 and research organisations.

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 1.07% 1.27%
2019 4.40% 7.07%
2018 3.80% 5.15%
2017 4.16% 2.19%
2016 3.52% 7.42%
2015 8.10% 9.73%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • ASB NZ Dollar Cash Account
    New Zealand Cash and Equivalents A1
    6.68%
  • Berkshire Hathaway
    United States International Equities
    3.34%
  • Infratil
    New Zealand Australasian Equities
    3.2%
  • Genesis March 2023 Bonds
    New Zealand NZ Fixed Interest BBB+
    3.03%
  • Tr Group 2024 Bonds
    New Zealand NZ Fixed Interest BBB-
    2.63%
  • Vector Energy March 2024 Bonds
    New Zealand NZ Fixed Interest BBB
    2.57%
  • Argosy March 2026 Green Bonds
    New Zealand NZ Fixed Interest UNRATED
    2.5%
  • Alibaba Group Holdings
    China International Equities
    2.21%
  • Westpac Term Deposit 1.96% Mar 2023
    New Zealand NZ Fixed Interest AA-
    2.02%
  • Spark
    New Zealand Australasian Equities
    2.01%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Tue June 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% 8.32%
New Zealand Fixed Interest 57.5% 57.76%
International Fixed Interest 0.0% 0.0%
Australasian Equities 11.0% 11.81%
International Equities 15.5% 14.73%
Listed Properties 11.0% 7.38%
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 Tue June 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 concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.04%
  • Animal Testing:
    0.10%
  • Fossil Fuels:
    0.04%
  • Gambling:
    0.00%
  • GMOs:
    0.02%
  • Human Rights & Environmental Violations:
    0.03%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.01%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue March 31st 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 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 61-64 years old investment option is to provide a conservative investment return over the long-term through investment in a portfolio of actively managed cash, fixed interest, property (including aged care) and infrastructure assets, and International equities. The investment option has a low to medium level of volatility"

Value $8.2M NZD
Period of data report Tue June 30th 2020
Members 249
Fund started Tue April 16th 2013
Total annual fund fees 1.25%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Administration charges 0.25%
Total other charges 36.0
Total other charges currency NZD

Key Personnel

Sam Goldwater

Currently: Portfolio Manager / Investment Committee Member / Executive Director (7 years, 3 months)
Previously: Led the investment management of a sizeable portfolio of family assets (previous) (7 years, 5 months)

Henry Tongue

Currently: Chief Executive Officer / Investment Committee Member / Director (7 years, 3 months)
Previously: Senior Portfolio Manager - Hulijich Wealth Management (previous) (4 years, 3 months)

Peter Brook

Currently: Investment Committee Chair / Director (7 years, 3 months)
Previously: Board member of Trust Investments Management Limited (current) (16 years, 1 months)

Nick Bowden

Currently: Investment Committee Member (3 years, 10 months)
Previously: Director of Balthazar Capital Advisors (8 years, 3 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue June 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.