AON Russell Lifepoints® Target Date 2045 Fund

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Type: Growth fund
Past Returns: 9.38%

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

Annual Fees: 1.21%

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

Aker BP Asa 0.02%
Anglo American PLC 0.24%
BP Capital Markets PLC 0.02%
Centrica PLC 0.10%
Chevron Corp 0.07%
Conocophillips 0.04%
Conocophillips Company 0.03%
Energy Transfer Operatng 0.02%
Eog Resources Inc 0.02%
Exxon Mobil Corp 0.08%
First Quantum Minerals Ltd 0.14%
Genesis Energy Ltd 0.15%
Kinder Morgan Inc 0.02%
Lukoil PJSC-Spon Adr 0.10%
Petrobras - Petroleo Bras-Pr 0.14%
Petroleos Mexicanos 0.15%
Public Service Enterprise Gp 0.04%
Reliance Industries Ltd 0.18%
Rosneft Oil Co PJSC-Regs Gdr 0.04%
Royal Dutch Shell PLC-B Shs 0.10%
Suncor Energy Inc 0.10%
Total Capital Intl SA 0.04%
Tullow Oil PLC 0.02%
Vale SA 0.18%
Wintershall Dea Finance 0.01%

Weapons

Daicel Corp 0.12%
Ii-Vi Inc 0.04%
Qinetiq Group PLC 0.14%

Gambling

Draftkings Inc - Cl A 0.04%
Galaxy Entertainment Group L 0.12%
Penn National Gaming Inc 0.04%
Sky City Entertainment Group 0.55%

Adult Entertainment/Pornography

Alcohol

Anheuser-Busch Inbev SA/ 0.02%
Boston Beer Company Inc-A 0.05%
Constellation Brands Inc-A 0.08%
Delegat Group Ltd 0.08%
Diageo PLC 0.09%
Foley Wines Ltd 0.05%
Greene King Finance PLC 0.01%
Heineken Nv 0.08%
Jiangsu Yanghe Brewery -A 0.04%
LVMH Moet Hennessy Louis Vui 0.08%
Stock Spirits Group PLC 0.04%

GMOs

Corteva Inc 0.02%

Human Rights & Environmental Violations

Adani Ports and Special 0.01%
Bayer AG 0.05%
Chevron Corp 0.07%
Duke Energy Corp 0.04%
Johnson & Johnson 0.44%
Mmc Norilsk Nickel PJSC-Adr 0.06%
Nestle SA-Reg 0.24%
Rio Tinto Ltd 0.04%
Rio Tinto PLC 0.02%
Royal Dutch Shell PLC-B Shs 0.11%
Sempra Energy 0.02%
Vale SA 0.18%

Animal Testing

Akzo Nobel N.V. 0.020%
Bayer AG 0.050%
Chevron Corp 0.070%
Corteva Inc 0.020%
Daicel Corp 0.120%
Dupont De Nemours Inc 0.020%
Elementis PLC 0.060%
General Mills Inc 0.060%
Glaxosmithkline PLC 0.140%
Hp Inc 0.050%
Ingersoll-Rand Inc 0.050%
Johnson & Johnson 0.440%
LVMH Moet Hennessy Louis Vui 0.080%
Mondelez International Inc-A 0.050%
Mont Blanc Capital Corp 0.060%
Nestle SA-Reg 0.240%
Pepsico Inc 0.220%
Procter & Gamble Co/The 0.100%
Reckitt Benckiser Tsy 0.060%
Reliance Industries Ltd 0.180%
Royal Dutch Shell PLC-B Shs 0.110%
Sherwin-Williams Co/The 0.120%
Tesco PLC 0.120%
Unilever Capital Corp 0.040%
Unilever PLC 0.240%

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 March 31st 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 28.03% 25.99%
2020 -3.79% -3.54%
2019 7.09% 5.69%
2018 8.01% 9.34%
2017 9.24% 10.16%
2016 3.62% 4.51%
2015 13.73% 14.79%
2014 8.43% 12.81%
2013 12.00% 12.52%
2012 -1.50% 1.48%

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 June 30th 2021.

Showing the top 10 investments for this fund:

  • Russell Investments Global Fixed Interest Fund
    New Zealand Int Fixed Interest
    25.2%
  • Russell Investments Global Shares Fund
    New Zealand International Equities
    23.61%
  • Russell Investments Hedged Global Shares Fund
    New Zealand International Equities
    22.94%
  • Russell Investments NZ Shares Fund
    New Zealand Australasian Equities
    21.55%
  • Russell Investments NZ Fixed Interest Fund
    New Zealand NZ Fixed Interest
    6.7%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed June 30th 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 7.0% 6.7%
International Fixed Interest 26.0% 25.2%
Australasian Equities 22.0% 21.55%
International Equities 45.0% 46.55%
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 Wed June 30th 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:
    0.65%
  • Animal Testing:
    2.97%
  • Fossil Fuels:
    2.48%
  • Gambling:
    0.80%
  • GMOs:
    0.03%
  • Human Rights & Environmental Violations:
    1.37%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.35%

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 March 31st 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 2045."

Value $24M NZD
Period of data report Wed June 30th 2021
Members 904
Fund started Sun Sept. 30th 2007
Total annual fund fees 1.21%
Total performance based fees 0.0%
Manager's basic fee 1.06%
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, 2 months)
Previously: Director Superannuation Management Nominees Limited (current position) (4 years, 8 months)

Enzo Cutrupi

Currently: Director Aon Saver Limited (3 years, 7 months)
Previously: Principal and Head of Product and Investment Aon Australia (current position) (8 years, 3 months)

Dennis Church

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

Simon Ferry

Currently: Manager of Retirement & Financial Management Aon New Zealand (4 years, 2 months)
Previously: Retirement Business Leader Mercer Hong Kong (4 years, 0 months)

Amanda Beeslaar

Currently: Principal and Head of Retirement Products Aon New Zealand (4 years, 0 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 Wed June 30th 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.