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
American Electric Power Company, Inc. 0.06%
Basf Se 0.06%
Black Hills Corp Sr Unsec 0.02%
BP Capital Markets PLC 4.875% Perp 0.06%
BP P.L.C. 0.04%
Chevron Corporation 0.08%
Cms Energy Corporation 0.17%
Coca-Cola Company 0.06%
Conocophillips 0.03%
Enel Finance Intl Nv Sr Unsec 144A 0.02%
Enel Spa 0.10%
Energy Transfer Operatng Sr Unsec 0.01%
Enterprise Products Partners L.P. 0.16%
Equinor Asa 0.02%
Exxon Mobil Corporation 0.05%
Fortum Oyj 0.02%
Hess Corporation 0.01%
Iberdrola SA 0.05%
Inpex Corporation 0.01%
Kinder Morgan Inc Class P 0.22%
Lyondellbasell Industries Nv 0.03%
Naturgy Energy Group, S.A. 0.03%
New Zealand Refining Co. Ltd. 5.1% 01-Mar-2034 0.14%
Nextera Energy Capital Sr Unsec 0.02%
Norfolk Southern Corporation 0.29%
OMV AG 0.01%
Osaka Gas Co., Ltd. 0.04%
Ppl Corporation 0.03%
Repsol SA 0.01%
Rio Tinto Limited 0.16%
Rio Tinto PLC 0.09%
Royal Dutch Shell PLC Class B 0.06%
Southern Power Co Sr Unsec 144A 0.01%
Sumitomo Chemical Co., Ltd. 0.01%
Total Se 0.07%
Ube Industries, Ltd. 0.02%
Upm-Kymmene Oyj 0.02%
Valero Energy Corporation 0.01%
Weyerhaeuser Company 0.03%
Xcel Energy Inc. 0.05%
Weapons
Heico Corporation 0.26%
Hexcel Corporation 0.22%
Tobacco
Seven & I Holdings Co., Ltd. 0.02%
Gambling
Las Vegas Sands Corp Sr Unsec 0.01%
Sands China Ltd Sr Unsec 0.01%
Alcohol
Anheuser-Busch Inbev SA/Nv 0.02%
Anheuser-Busch Inbev Worldwide, Inc. 5.875% 15-Jun-2035 0.08%
Asahi Group Holdings,Ltd. 0.02%
Constellation Brands, Inc. Class A 0.02%
Delegat Group Limited 0.36%
Diageo PLC 0.04%
Human Rights & Environmental Violations
Chevron Corporation 0.08%
Johnson & Johnson 0.19%
Nestle S.A. 0.11%
Rio Tinto Limited 0.16%
Rio Tinto PLC 0.09%
Royal Dutch Shell PLC Class B 0.06%
Sempra Energy 0.02%
Sempra Energy Sr Unsec 0.01%
Animal Testing
Asahi Group Holdings,Ltd. 0.020%
Basf Se 0.060%
Bayer US Finance Ii Llc Sr Unsec 144A 0.020%
Chevron Corporation 0.080%
Coca-Cola Company 0.060%
Colgate-Palmolive Company 0.030%
Danone SA 0.030%
Dupont De Nemours, Inc. 0.030%
Eastman Chemical Company 0.030%
Fujifilm Holdings Corp 0.030%
General Mills, Inc. 0.040%
Glaxosmithkline PLC 0.070%
Hp Inc. 0.020%
Johnson & Johnson 0.190%
Kao Corp. 0.020%
Kellogg Company 0.030%
Kimberly-Clark Corporation 0.050%
Lyondellbasell Industries Nv 0.030%
Mondelez International, Inc. Class A 0.050%
Mosaic Company 0.010%
Nestle S.A. 0.110%
PPG Industries, Inc. 0.040%
Procter & Gamble Company 0.160%
Reckitt Benckiser Group PLC 0.070%
Reckitt Benckiser Tsy Sr Unsec 144A 0.020%
Royal Dutch Shell PLC Class B 0.060%
Seven & I Holdings Co., Ltd. 0.020%
Sherwin-Williams Company 0.060%
Sherwin-Williams Company 2.95% 15-Aug-2029 0.120%
Shin-Etsu Chemical Co Ltd 0.050%
Solvay SA 0.020%
Sumitomo Chemical Co., Ltd. 0.010%
Tesco Property Fin 4 PLC Mtge Backed 0.010%
Tokai Carbon Co., Ltd. 0.010%
Unilever Nv 0.090%
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 | -1.89% | -0.05% |
| 2019 | 5.68% | 7.08% |
| 2018 | 5.63% | 6.05% |
| 2017 | 6.10% | 6.93% |
| 2016 | 4.01% | 4.04% |
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:
-
ANZ 10 A/C - Current Accounts
New Zealand Cash and Equivalents5.43% -
Bayfair Shopping Centre - Retail
New Zealand Unlisted Property2.6% -
Fisher & Paykel Healthcare Corporation Limited
New Zealand Australasian Equities1.87% -
Emini S&P 500 (Cme) Dec 20 18/12/2020
United States International Equities1.56% -
A2 Milk Company Ltd.
New Zealand Australasian Equities1.43% -
Government Of New Zealand 2.0% 20-Sep-2025
New Zealand NZ Fixed Interest AAA1.26% -
Mainfreight Limited
New Zealand Australasian Equities1.25% -
Infratil Limited
New Zealand Australasian Equities1.11% -
Government Of New Zealand 3.5% 14-Apr-2033
New Zealand NZ Fixed Interest AAA1.09% -
Government Of New Zealand 2.5% 20-Sep-2040
New Zealand NZ Fixed Interest AAA1.09%
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 | 7.0% | 6.86% |
| New Zealand Fixed Interest | 12.0% | 19.23% |
| International Fixed Interest | 23.0% | 16.46% |
| Australasian Equities | 17.0% | 18.83% |
| International Equities | 30.0% | 31.32% |
| Listed Properties | 5.0% | 1.01% |
| Unlisted Properties | 6.0% | 6.29% |
| 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:0.54%
-
Animal Testing:1.75%
-
Fossil Fuels:2.38%
-
Gambling:0.02%
-
GMOs:0.00%
-
Human Rights & Environmental Violations:0.72%
-
Palm Oil:0.00%
-
Tobacco:0.02%
-
Weapons:0.48%
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
"GlidePath age 55 is a representation of the GlidePath life cycle. This investment option invests 11% in the Growth Fund and 89% in the Balanced Fund."
| Value | $5.8M NZD |
| Period of data report | Wed Sept. 30th 2020 |
| Members | 192 |
| Fund started | Tue July 1st 2014 |
| Total annual fund fees | 0.96% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.88% |
| Administration charges | 0.08% |
| Total other charges | 28.44 |
| Total other charges currency | NZD |
Key Personnel
|
Frank Jasper |
Currently: Chief Investment Officer (3 years, 2 months) |
|
Mark Brighouse |
Currently: Chief Investment Strategist (3 years, 2 months) |
|
David Mcleish |
Currently: Senior Portfolio Manager Fixed Interest (9 years, 6 months) |
|
Sam Dickie |
Currently: Senior Portfolio Manager NZ Equities (3 years, 7 months) |
|
Ashley Gardyne |
Currently: Senior Portfolio Manager International Equities (4 years, 5 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.
