AON Russell Lifepoints® Growth Fund

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Fund type: Growth fund

Past Returns: 8.19%

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

Annual Fees: 1.22%

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.


Fossil Fuel

Aluminum Corporation Of China Ltd 0.06%
Anglo American Capital 0.02%
Anglo American PLC 0.15%
Arcelormittal 0.01%
Atmos Energy Corp 0.01%
BHP Billiton Fin Usa Ltd 0.02%
BHP Group Ltd Npv 0.01%
BP P.L.C 0.18%
Cabot Oil and Gas Corp 0.04%
Centrica PLC 0.06%
Cheniere Energy Inc 0.01%
Chevron Corp 0.17%
Conocophillips 0.07%
Dcp Midstream Operating 0.01%
Devon Energy Corporation 0.03%
Enbridge Energy Partners 0.01%
Enbridge Inc 0.08%
Eneos Holdings Inc 0.02%
Engie SA 0.03%
Eni Spa 0.02%
Eog Resources Inc 0.04%
Eqt Corp 0.01%
Equinor Asa 0.03%
Exxon Mobil Corporation 0.18%
Franco Nevada Corp 0.05%
Glencore Funding Llc 0.02%
Hess Corp 0.01%
Infraestructura Energeti 0.01%
Itochu Corp Jpy 0.05%
Jefferies Group Llc 0.01%
Llpl Capital Pte Ltd 0.01%
Lyondellbasell Industries 0.02%
Marathon Petrol Com 0.03%
Mexico Generadora De Ene 0.01%
Mitsui & Co Ltd Jpy 0.02%
Oneok Inc 0.01%
Ongc Videsh Ltd 0.01%
Osaka Gas Co Ltd Jpy 0.02%
Petroleos Mexicanos 0.22%
Phillips 66 Com Usd0.01 0.02%
Pioneer Natural Resources Co 0.02%
Reliance Industries Ltd 0.01%
Repsol SA 0.01%
Saudi Arabian Oil Co 0.01%
Shell International Fin 0.02%
Shell PLC Ord Eur0.07 0.16%
Sk Innovation 0.03%
South32 Limited Ordinary Fully Paid 0.04%
Suncor Energy Inc 0.09%
Terega SA 0.01%
Terega Sasu 0.01%
Tokyo Gas Co Ltd 0.01%
Tullow Oil PLC 0.02%
Vale SA 0.13%
Valero Energy Corp 0.04%
Williams Companies Inc 0.02%

Weapons

Amphenol Corp Cl A 0.02%
Daicel Corporation 0.05%
Heico Corp Com 0.02%
Heico Corp Com Usd0.01 0.02%
Howmet Aerospace I Com USD 0.04%
L3 Harris Technolocom 0.09%
Rolls Royce Ord Gbp1.50 0.02%
Transdigm Group Inc 0.01%

Tobacco

Alimentation Couche Tard Inc 0.01%
Alimentation Couche-Tard 0.01%
Essentra PLC 0.02%

Gambling

Aristocrat Leisure Ltd 0.01%
Galaxy Entertainment Group Limited 0.05%
Las Vegas Sands Corp 0.03%
Llpl Capital Pte Ltd 0.01%
Sands China Ltd 0.01%
Sky City Entertainment Group 0.56%
Vici Properties / Note 0.02%

Adult Entertainment/Pornography

Alcohol

Anheuser Busch Inbev SA Nv 0.02%
Anheuser-Busch Inbev SA/ 0.02%
Anheuser-Busch Inbev Wor 0.02%
Constellation Brands Inc-A 0.02%
Delegat Group Ltd 0.09%
Diageo Ord 28 101/108P 0.13%
Foley Wines Ltd 0.05%
Heineken Nv 0.06%
LVMH Moet Hennessy Vuitton Se 0.15%
Molson Coors Beverage Co 0.01%
Pernod-Ricard SA 0.03%

Palm Oil

GMOs

Corteva Inc 0.04%

Human Rights & Environmental Violations

Activision Blizzard Inc 0.02%
BHP Billiton Fin Usa Ltd 0.02%
BHP Group Ltd Npv 0.01%
Bank Hapoalim 0.01%
Bank Hapoalim Ltd 0.01%
Bank Leumi Le-Israel 0.03%
Barrick Gold Corp 0.02%
Bayer AG 0.03%
Bayer Capital Corp Bv 0.02%
Bayer US Finance Llc 0.01%
Chevron Corp 0.17%
Credit Suisse Group AG 0.06%
Duke Energy Corp Com USD 0.001 Post Rev Splt 0.01%
Freeport Mcmoran Inc 0.10%
Glencore Funding Llc 0.02%
Johnson & Johnson 0.01%
Johnson & Johnson Com US$1 0.41%
Li Ning Co Ltd 0.06%
Mexico Generadora De Ene 0.01%
Motorola Solutions Inc 0.07%
Mtn Group Ltd 0.02%
Nestle SA 0.32%
Ongc Videsh Ltd 0.01%
Petroleo Brasileiro SA Ads 0.08%
Petroleos Mexicanos 0.22%
Pg and E Corp 0.01%
Rio Tinto Limited 0.03%
Rio Tinto PLC Ord 10P Gbp 0.03%
Shell International Fin 0.02%
Shell PLC Ord Eur0.07 0.16%
Uber Technologies Inc 0.02%
Vale SA 0.13%
Zijin Mining Group Co Ltd 0.04%

Animal Testing

Air Liquide Finance 0.01%
Akzo Nobel Nv Eur0.50 0.04%
Albermarle Corp 0.01%
Archer Daniels Midland Co Com Stk Npv 0.03%
Basf Se 0.04%
Bayer AG 0.03%
Bayer Capital Corp Bv 0.02%
Bayer US Finance Llc 0.01%
Chevron Corp 0.17%
Clorox Co Del 0.02%
Coca Cola Co USD 0.12%
Corteva Inc 0.04%
Covestro AG 0.02%
Daicel Corporation 0.05%
Danone 0.01%
Danone SA 0.01%
Dow Inc 0.03%
Dupont De Nemours Inc 0.02%
Ecolab Ltd 0.05%
Elementis PLC 0.02%
Estee Lauder Companies 0.02%
Evonik Industries AG 0.01%
General Mills Inc 0.07%
Givaudan - Reg 0.04%
Glaxosmithkline Cap Inc 0.01%
Glaxosmithkline Capital 0.02%
Glaxosmithkline PLC 0.15%
Hermes International 0.02%
Icl Group Ltd 0.02%
Ingersoll Rand Inc 0.03%
Intl Flavors & Fragrances USD 0.06%
Johnson & Johnson 0.01%
Johnson & Johnson Com US$1 0.41%
Kellogg Company 0.02%
Keurig Dr Pepper Inc 0.02%
Kimberly Clark Corp Com Usd1.25 0.04%
Koninklijke Dsm Nv 0.01%
Kraft Heinz Co Com Usd0.01 0.01%
L'Oreal 0.04%
LVMH Moet Hennessy Vuitton Se 0.14%
Lg Household Health Care 0.02%
Linde PLC 0.02%
Lyondellbasell Industries 0.02%
Mondelez International Inc 0.05%
Mosaic Co Com 0.01%
Nestle SA 0.32%
Nippon Paint Holdings Co Ltd 0.02%
Nutrien Ltd Com Npv 0.04%
Orkla Asa 0.06%
PPG Industries Inc 0.04%
Pepsico Inc 0.01%
Pepsico Inc Cap US$0.01 2/3 0.25%
Procter & Gamble Co/The 0.01%
Procter & Gamble Company 0.26%
Reckitt Benckiser Group PLC 0.02%
Reckitt Benckiser Tsy 0.02%
Reliance Industries Ltd 0.01%
Shell International Fin 0.02%
Shell PLC Ord Eur0.07 0.16%
Sherwin Williams Com Usd1 0.12%
Sherwin-Williams Co 0.02%
Shin-Etsu Chem Co Y50 0.02%
Shiseido Company Limited Jpy50 0.03%
Sk Innovation 0.03%
Sociedad Quimica Y Miner 0.01%
Unilever Finance 0.02%
Unilever PLC 0.22%
Yara International Asa 0.03%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu March 31st 2022 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
2022 1.87% 0.72%
2021 27.41% 28.09%
2020 -3.40% -4.24%
2019 6.95% 5.9%
2018 7.80% 9.51%
2017 9.24% 10.17%
2016 3.62% 4.45%
2015 13.73% 14.68%
2014 8.43% 11.95%
2013 12.00% 12.26%

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 March 31st 2022.

Showing the top 10 investments for this fund:

  • Russell Investments Hedged Global Shares Fund
    New Zealand International Equities
    26.35%
  • Russell Investments Global Shares Fund
    New Zealand International Equities
    25.97%
  • Russell Investments NZ Shares Fund
    New Zealand Australasian Equities
    23.45%
  • Russell Investments Global Fixed Interest Fund
    New Zealand Int Fixed Interest
    19.32%
  • Russell Investments NZ Fixed Interest Fund
    New Zealand NZ Fixed Interest
    4.91%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Thu March 31st 2022.

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 5.0% 4.91%
International Fixed Interest 20.0% 19.32%
Australasian Equities 25.0% 23.45%
International Equities 50.0% 52.32%
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 March 31st 2022.

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:
    0.01%
  • Alcohol:
    0.63%
  • Animal Testing:
    4.00%
  • Fossil Fuels:
    2.74%
  • Gambling:
    0.74%
  • GMOs:
    0.03%
  • Human Rights & Environmental Violations:
    2.30%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.06%
  • Weapons:
    0.29%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu March 31st 2022 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

"To produce returns well in excess of inflation by investing mostly in growth assets with only a modest allocation to income assets."

Value $63M NZD
Period of data report Thu March 31st 2022
Members 1,700
Fund started Sun Sept. 30th 2007
Total annual fund fees 1.22%
Total performance based fees 0.0%
Manager's basic fee 1.07%
Other management and administration charges 0.15%
Total other charges 39.96
Total other charges currency NZD

Key Personnel

Helen Mckenzie

Currently: Director, Aon Saver Limited (2 years, 11 months)
Previously: Director, Superannuation Management Nominees Limited (current position) (5 years, 5 months)

Dennis Church

Currently: Director, Aon Saver Limited (2 years, 11 months)
Previously: General Manager, Public Trust Corporate Trustee Services (9 years, 6 months)

Bruce Mclachlan

Currently: Director, Aon Saver Limited (0 years, 4 months)
Previously: Chief Executive Officer, Fisher Funds Management Limited (current position) (4 years, 11 months)

Jody Kaye

Currently: Director, Aon Saver Limited (0 years, 4 months)
Previously: Chief Financial Officer, Fisher Funds Management Limited (current position) (4 years, 6 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Thu March 31st 2022.

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.