Bcf KiwiSaver Scheme

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Fund type: Defensive fund

Past Returns: 1.67%

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

Annual Fees: 0.99%

Annual fees, including management and administration fees, but not membership 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.

This fund has no investments in issues of concern


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, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

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
2021 1.53% 1.2%
2020 1.60% 1.7%
2019 2.29% 2.1%
2018 2.00% 1.3%
2017 1.53% 1.4%
2016 2.72% 2.1%
2015 4.23% 2.5%
2014 2.00% 2.0%
2013 3.15% 1.4%
2012 3.62% -1.9%

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 March 31st 2020.

Showing the top 10 investments for this fund:

  • Kiwibank Term Deposit
    New Zealand Cash and Equivalents
    26.44%
  • Tsb Term Deposit
    New Zealand Cash and Equivalents
    19.83%
  • Westpac Term Deposit
    New Zealand Cash and Equivalents
    16.09%
  • BNZ Term Deposit
    New Zealand Cash and Equivalents
    11.47%
  • East Street Property
    New Zealand NZ Fixed Interest
    9.05%
  • UBT
    New Zealand NZ Fixed Interest
    6.8%
  • ASB Term Deposit
    New Zealand NZ Fixed Interest
    6.37%
  • Canterbury Education Trust
    New Zealand Cash and Equivalents
    2.27%
  • ANZ Current Account
    New Zealand Cash and Equivalents
    1.68%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Tue March 31st 2020.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 70.0% 81.88%
New Zealand Fixed Interest 30.0% 18.12%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
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 March 31st 2020.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible 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:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

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, Sustainalytics and research organisations.

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"The fund is invested principally in term deposits with New Zealand-registered banks but also has a small exposure to a loan made on arm’s length terms to an organisation within the Brethren Christian Fellowship. Further diversification during the year includes a loan for property and an investment in a fixed income investment product. Further diversification could happen once the fund reaches a critical size (as determined by the Trustee). The current investment objective for the fund is to achieve a real return (before investment costs and tax) which exceeds the return of the S&P/NZX 90 Day Bank Bill Index over rolling one-year periods."

Value $11M NZD
Period of data report Tue March 31st 2020
Members 666
Fund started Tue Jan. 4th 2011
Total annual fund fees 0.99%
Total performance based fees 0.0%
Manager's basic fee 0.99%
Other management and administration charges 0.0%
Total other charges 52.0
Total other charges currency NZD

Key Personnel

Maurice Allen Hall

Currently: Director of Arotahi Trust Limited (8 years, 0 months)
Previously: (None years, None months)

John Mckay Mason

Currently: Director of Arotahi Trust Limited (8 years, 0 months)
Previously: (None years, None months)

Jeffrey Paul Prestidge

Currently: Director of Arotahi Trust Limited (1 years, 2 months)
Previously: (None years, None months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue March 31st 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.