AON Russell Lifepoints® Target Date 2025 Fund

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Fund type: Conservative fund

Past Returns: 5.70%

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 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 Corp Of China Ltd-H 0.04%
Anglo American Capital 0.06%
Anglo American PLC 0.09%
Arcelormittal 0.03%
BP Capital Markets PLC 0.03%
Berkshire Hathaway Energ 0.03%
Centrica PLC 0.04%
Chevron Corp 0.02%
Cimarex Energy Co 0.04%
Coca-Cola Co/The 0.03%
Dcp Midstream Operating 0.04%
Devon Energy Corporation 0.04%
Enbridge Energy Partners 0.04%
Enbridge Inc 0.04%
Engie SA 0.08%
Eni Spa 0.04%
Eqt Corp 0.04%
Equinor Asa 0.04%
Exxon Mobil Corp 0.02%
Genesis Energy Ltd 0.08%
Glencore Funding Llc 0.09%
Jefferies Group Llc 0.04%
Llpl Capital Pte Ltd 0.03%
Lukoil PJSC-Spon Adr 0.06%
Mexico Generadora De Ene 0.04%
Mol Hungarian Oil & Gas 0.04%
Mplx Lp 0.03%
Neste Oyj 0.08%
Ongc Videsh Ltd 0.04%
Petrobras - Petroleo Bras-Pr 0.04%
Petroleos Mexicanos 0.57%
Pioneer Natural Resource 0.01%
Posco 0.03%
Reliance Industries Ltd 0.15%
Rosneft Oil Co PJSC-Regs Gdr 0.02%
Royal Dutch Shell PLC-B Shs 0.04%
Saudi Arabian Oil Co 0.04%
Suncor Energy Inc 0.04%
Terega SA 0.04%
Terega Sasu 0.04%
Vale SA 0.04%
Williams Companies Inc 0.13%

Weapons

Daicel Corp 0.04%
Qinetiq Group PLC 0.06%

Tobacco

Alimentation Couche-Tard 0.04%

Gambling

Galaxy Entertainment Group L 0.04%
Las Vegas Sands Corp 0.10%
Llpl Capital Pte Ltd 0.03%
Sands China Ltd 0.04%
Sky City Entertainment Group 0.20%
Vici Properties / Note 0.06%

Adult Entertainment/Pornography

Alcohol

Anheuser-Busch Inbev Wor 0.06%
Constellation Brands Inc-A 0.02%
Delegat Group Ltd 0.04%
Diageo PLC 0.06%
Foley Wines Ltd 0.02%
Heineken Nv 0.08%
LVMH Moet Hennessy Louis Vui 0.04%

GMOs

Human Rights & Environmental Violations

Chevron Corp 0.02%
Freeport-Mcmoran Inc 0.04%
Glencore Funding Llc 0.09%
Johnson & Johnson 0.18%
Mexico Generadora De Ene 0.04%
Nestle SA-Reg 0.13%
Ongc Videsh Ltd 0.04%
Petroleos Mexicanos 0.57%
Posco 0.03%
Royal Dutch Shell PLC-B Shs 0.04%
Southern Copper Corp 0.03%
Vale SA 0.04%
Zijin Mining Group Co Ltd-H 0.02%

Animal Testing

Bayer US Finance Ii Llc 0.02%
Chevron Corp 0.02%
Coca-Cola Co/The 0.03%
Daicel Corp 0.04%
Danone SA 0.04%
Elementis PLC 0.02%
Evonik Industries AG 0.04%
Glaxosmithkline PLC 0.06%
Hp Inc 0.02%
Ingersoll-Rand Inc 0.02%
Johnson & Johnson 0.18%
LVMH Moet Hennessy Louis Vui 0.04%
Mondelez International 0.03%
Mondelez International Inc-A 0.02%
Nestle SA-Reg 0.13%
Nutrien Ltd 0.04%
Pepsico Inc 0.11%
Procter & Gamble Co/The 0.12%
Reliance Industries Ltd 0.15%
Royal Dutch Shell PLC-B Shs 0.04%
Sherwin-Williams Co/The 0.06%
Sociedad Quimica Y Miner 0.03%
Tesco PLC 0.06%
Unilever PLC 0.14%

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 Sept. 30th 2021 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 8.80% 13.46%
2020 0.59% -0.37%
2019 4.26% 4.01%
2018 3.73% 6.06%
2017 4.10% 6.49%
2016 3.52% 3.87%
2015 8.10% 12.34%
2014 3.88% 7.5%
2013 6.92% 11.06%
2012 3.16% 3.76%

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 Fri Dec. 31st 2021.

Showing the top 10 investments for this fund:

  • Russell Investments Global Fixed Interest Fund
    New Zealand Int Fixed Interest
    57.03%
  • Russell Investments NZ Fixed Interest Fund
    New Zealand NZ Fixed Interest
    14.22%
  • Russell Investments Global Shares Fund
    New Zealand International Equities
    10.02%
  • Russell Investments Hedged Global Shares Fund
    New Zealand International Equities
    9.92%
  • Russell Investments NZ Shares Fund
    New Zealand Australasian Equities
    8.81%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Dec. 31st 2021.

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 14.5% 14.22%
International Fixed Interest 57.5% 57.03%
Australasian Equities 9.0% 8.81%
International Equities 19.0% 19.94%
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 Fri Dec. 31st 2021.

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:
    0.34%
  • Animal Testing:
    1.70%
  • Fossil Fuels:
    2.75%
  • Gambling:
    0.50%
  • GMOs:
    0.01%
  • Human Rights & Environmental Violations:
    1.39%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.04%
  • Weapons:
    0.14%

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 Sept. 30th 2021 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 that provide capital growth and income consistent with its current asset allocation. The allocation to income assets increases progressively until it reaches 80% in 2025."

Value $25M NZD
Period of data report Fri Dec. 31st 2021
Members 540
Fund started Sun Sept. 30th 2007
Total annual fund fees 1.06%
Total performance based fees 0.0%
Manager's basic fee 0.91%
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, 8 months)
Previously: Director Superannuation Management Nominees Limited (current position) (5 years, 2 months)

Dennis Church

Currently: Director Aon Saver Limited (2 years, 8 months)
Previously: General Manager Public Trust Corporate Trustee Services (9 years, 6 months)

Bruce Mclachlan

Currently: Director Aon Saver Limited (0 years, 1 months)
Previously: Chief Executive Officer Fisher Funds Management Limited (4 years, 8 months)

Jody Kaye

Currently: Director Aon Saver Limited (0 years, 1 months)
Previously: Chief Financial Officer Fisher Funds Management Limited (4 years, 3 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Dec. 31st 2021.

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.