Russell Lifepoints® Moderate Fund

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Not Mindful
Type: Balanced fund
Past Returns: 3.25%

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

Annual Fees: 1.06%

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

Aker BP Asa 0.07%
Ameren Corporation 0.02%
Anglo American PLC 0.15%
Arcelormittal 0.03%
Basf Se 0.02%
BP Capital Markets PLC 0.07%
BP PLC 0.09%
Centrica PLC 0.04%
Chevron Corp 0.04%
Chevron Usa Inc 0.08%
China Longyuan Power Group-H 0.03%
Clp Holdings Ltd 0.02%
Cnooc Ltd-Spon Adr 0.02%
Conocophillips Company 0.06%
Electricite De France SA 0.13%
Enbridge Inc 0.03%
Energy Transfer Operatng 0.02%
Eni Finance Usa Inc 0.06%
Exxon Mobil Corp 0.03%
First Quantum Minerals Ltd 0.08%
Firstenergy Corp 0.01%
Genesis Energy Ltd 0.09%
Lukoil PJSC-Spon Adr 0.05%
Newfield Exploration Co 0.07%
Nextera Energy Inc 0.02%
Nrg Energy Inc 0.02%
Perusahaan Listrik Negar 0.02%
Petrobras - Petroleo Bras-Pr 0.07%
Petroleos Mexicanos 0.13%
Reliance Industries Ltd 0.18%
Rio Tinto PLC 0.02%
Royal Dutch Shell PLC-B Shs 0.07%
Suncor Energy Inc 0.04%
Total Capital Canada Ltd 0.02%
Total Capital Intl SA 0.07%
Vale SA 0.04%
Vistra Corp 0.06%
Wintershall Dea Finance 0.03%

Weapons

Daicel Corp 0.06%
Jfe Holdings Inc 0.05%
Leidos Holdings Inc 0.02%
Qinetiq Group PLC 0.07%

Tobacco

Gambling

Draftkings Inc - Cl A 0.04%
Galaxy Entertainment Group L 0.06%
Sky City Entertainment Group 0.27%

Alcohol

Anheuser-Busch Inbev SA/ 0.03%
Boston Beer Company Inc-A 0.04%
Budweiser Brewing Co Apac Lt 0.04%
Constellation Brands Inc-A 0.04%
Delegat Group Ltd 0.07%
Diageo PLC 0.07%
Foley Wines Ltd 0.04%
Heineken Nv 0.06%
Jiangsu Yanghe Brewery -A 0.04%
LVMH Moet Hennessy Louis Vui 0.06%
Stock Spirits Group PLC 0.04%
United Spirits Ltd 0.02%
Want Want China Holdings Ltd 0.03%

Human Rights & Environmental Violations

Chevron Corp 0.04%
Essity Aktiebolag-B 0.02%
Johnson & Johnson 0.25%
Mmc Norilsk Nickel PJSC-Adr 0.01%
Nestle Holdings Inc 0.04%
Nestle SA-Reg 0.23%
Rio Tinto PLC 0.02%
Royal Dutch Shell PLC-B Shs 0.07%
Vale SA 0.04%

Animal Testing

Air Products & Chemicals Inc 0.010%
Basf Se 0.020%
Chevron Corp 0.040%
Daicel Corp 0.060%
Elementis PLC 0.030%
Essity Aktiebolag-B 0.020%
General Mills Inc 0.030%
Glaxosmithkline PLC 0.170%
Ingersoll-Rand Inc 0.040%
Johnson & Johnson 0.250%
LVMH Moet Hennessy Louis Vui 0.060%
Mont Blanc Capital Corp 0.100%
Nestle Holdings Inc 0.040%
Nestle SA-Reg 0.230%
Nippon Shokubai Co Ltd 0.050%
Orbia Advance Corp Sab 0.010%
Orkla Asa 0.020%
Pepsico Inc 0.160%
Procter & Gamble Co/The 0.120%
Reckitt Benckiser Tsy 0.110%
Reliance Industries Ltd 0.170%
Royal Dutch Shell PLC-B Shs 0.070%
Sherwin-Williams Co/The 0.100%
Tesco PLC 0.110%
Unilever Capital Corp 0.060%
Unilever Nv 0.080%

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% -1.02%
2019 5.68% 4.43%
2018 5.63% 6.33%
2017 6.10% 6.4%
2016 4.01% 3.97%
2015 11.09% 12.12%
2014 7.28% 6.57%
2013 10.75% 10.66%
2012 1.75% 4.68%
2011 5.30% 6.94%

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 Thu Dec. 31st 2020.

Showing the top 10 investments for this fund:

  • Russell Investments Global Fixed Interest Fund
    New Zealand Int Fixed Interest
    46.51%
  • Russell Investments NZ Shares Fund
    New Zealand Australasian Equities
    15.16%
  • Russell Investments Hedged Global Shares Fund
    New Zealand International Equities
    13.9%
  • Russell Investments Global Shares Fund
    New Zealand International Equities
    13.05%
  • Russell Investments NZ Fixed Interest Fund
    New Zealand NZ Fixed Interest
    11.38%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 0.0%
New Zealand Fixed Interest 12.0% 11.38%
International Fixed Interest 48.0% 46.51%
Australasian Equities 14.0% 15.16%
International Equities 26.0% 26.95%
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 Thu Dec. 31st 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:
    0.58%
  • Animal Testing:
    2.48%
  • Fossil Fuels:
    2.78%
  • Gambling:
    0.37%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.82%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.02%
  • Weapons:
    0.21%

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

"To produce returns in excess of inflation by investing with a higher allocation to income assets than growth assets."

Value $30M NZD
Period of data report Thu Dec. 31st 2020
Members 923
Fund started Sun Sept. 30th 2007
Total annual fund fees 1.06%
Total performance based fees 0.0%
Manager's basic fee 0.94%
Administration charges 0.12%
Total other charges 49.8
Total other charges currency NZD

Key Personnel

Helen Mckenzie

Currently: Director Aon Saver Limited (1 years, 8 months)
Previously: Director Superannuation Management Nominees Limited (current position) (4 years, 2 months)

Enzo Cutrupi

Currently: Director Aon Saver Limited (3 years, 1 months)
Previously: Principal and Head of Product and Investment Aon Australia (current position) (7 years, 9 months)

Dennis Church

Currently: Director Aon Saver Limited (1 years, 8 months)
Previously: General Manager Public Trust Corporate Trustee Services (9 years, 6 months)

Simon Ferry

Currently: Manager of Retirement & Financial Management Aon New Zealand (3 years, 8 months)
Previously: Retirement Business Leader Mercer Hong Kong (4 years, 0 months)

Amanda Beeslaar

Currently: Principal and Head of Retirement Products Aon New Zealand (3 years, 6 months)
Previously: Principal and KiwiSaver Sales and Service Manager Aon New Zealand (9 years, 4 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Thu Dec. 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.