AON Russell Lifepoints® Target Date 2055 Fund

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Not Mindful
Type: Growth fund
Past Returns: 3.85%

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 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

Aes Corp/The 0.01%
Alliant Energy Corp 0.06%
Ameren Corporation 0.14%
Anglo American PLC 0.21%
BP PLC 0.46%
Chevron Corp 0.11%
China Resources Power Holdin 0.02%
China Shenhua Energy Co-H 0.04%
Clp Holdings Ltd 0.04%
Cnooc Ltd 0.02%
Cnooc Ltd-Spon Adr 0.06%
Conocophillips Company 0.02%
Enbridge Inc 0.02%
Eni Finance Usa Inc 0.03%
Evergy Inc 0.11%
Exxon Mobil Corp 0.12%
Exxon Mobil Corporation 0.03%
Lukoil PJSC-Spon Adr 0.08%
Neste Oyj 0.04%
Newfield Exploration Co 0.01%
Nextera Energy Inc 0.08%
Nrg Energy Inc 0.12%
Petrobras - Petroleo Bras-Pr 0.11%
Petrobras Distribuidora SA 0.02%
Petroleos Mexicanos 0.03%
Reliance Industries Ltd 0.10%
Rosneft Oil Co PJSC-Regs Gdr 0.06%
Royal Dutch Shell PLC-A Shs 0.02%
Royal Dutch Shell PLC-B Shs 0.19%
Shell International Fin 0.03%
Suncor Energy Inc 0.21%
Total Capital Intl SA 0.02%
Total SA 0.02%
Wec Energy Group Inc 0.08%
Xcel Energy Inc 0.07%

Weapons

Daicel Corp 0.11%
L3Harris Technologies Inc 0.10%
Leidos Holdings Inc 0.11%
Qinetiq Group PLC 0.12%
United Technologies Corp 0.17%

Tobacco

Essentra PLC 0.06%

Gambling

Galaxy Entertainment Group L 0.07%
Sky City Entertainment Group 0.32%

Alcohol

Anheuser-Busch Inbev SA/ 0.02%
Carlsberg As-B 0.08%
Delegat Group Ltd 0.08%
Diageo PLC 0.19%
Heineken Nv 0.24%
Jiangsu Yanghe Brewery -A 0.06%
LVMH Moet Hennessy Louis Vui 0.12%
Stock Spirits Group PLC 0.06%
United Spirits Ltd 0.04%
Want Want China Holdings Ltd 0.08%

GMOs

Basf Se 0.02%
Bayer AG-Reg 0.02%
Novartis AG-Reg 0.17%

Human Rights & Environmental Violations

Barrick Gold Corp 0.08%
Chevron Corp 0.11%
Duke Energy Corp 0.02%
Essity Aktiebolag-B 0.08%
Johnson & Johnson 0.50%
Mmc Norilsk Nickel PJSC-Adr 0.06%
Nestle Holdings Inc 0.01%
Nestle SA-Reg 0.62%
Petroleo Brasileiro-Spon Adr 0.04%
Rio Tinto PLC 0.16%
Royal Dutch Shell PLC-A Shs 0.02%
Royal Dutch Shell PLC-B Shs 0.19%
Shell International Fin 0.03%

Animal Testing

Air Products & Chemicals Inc 0.060%
Basf Se 0.020%
Bayer AG-Reg 0.020%
Chevron Corp 0.110%
Clorox Company 0.020%
Coca-Cola Co/The 0.020%
Colgate-Palmolive Co 0.070%
Essity Aktiebolag-B 0.080%
Glaxosmithkline PLC 0.270%
Johnson & Johnson 0.500%
LVMH Moet Hennessy Louis Vui 0.120%
Nestle Holdings Inc 0.010%
Nestle SA-Reg 0.620%
Pepsico Inc 0.400%
Procter & Gamble Co/The 0.230%
Reckitt Benckiser Group PLC 0.060%
Reckitt Benckiser Tsy 0.030%
Royal Dutch Shell PLC-A Shs 0.020%
Royal Dutch Shell PLC-B Shs 0.190%
Shell International Fin 0.030%
Tesco PLC 0.210%
Unilever Nv 0.190%

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

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 -3.47% -5.11%
2019 6.87% 5.88%
2018 7.63% 10.78%
2017 8.87% 14.44%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Russell Investments Hedged Global Shares Fund
    New Zealand International Equities
    28.78%
  • Russell Investments Global Shares Fund
    New Zealand International Equities
    28.5%
  • Russell Investments NZ Shares Fund
    New Zealand Australasian Equities
    27.58%
  • Russell Investments Global Fixed Interest Fund
    New Zealand Int Fixed Interest
    12.26%
  • Russell Investments NZ Fixed Interest Fund
    New Zealand NZ Fixed Interest
    2.88%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Tue June 30th 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 3.0% 2.88%
International Fixed Interest 13.0% 12.26%
Australasian Equities 28.0% 27.58%
International Equities 56.0% 57.28%
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 Tue June 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 concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.97%
  • Animal Testing:
    3.47%
  • Fossil Fuels:
    3.11%
  • Gambling:
    0.39%
  • GMOs:
    0.24%
  • Human Rights & Environmental Violations:
    1.97%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.06%
  • Weapons:
    0.62%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue March 31st 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 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 that provide capital growth and income consistent with its current asset allocation. The allocation to income assets increases progressively until it reaches 80% in 2055."

Value $1.4M NZD
Period of data report Tue June 30th 2020
Members 108
Fund started Fri Feb. 19th 2016
Total annual fund fees 1.21%
Total performance based fees 0.0%
Manager's basic fee 1.09%
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, 2 months)
Previously: Director, Superannuation Management Nominees Limited (current position) (3 years, 8 months)

Enzo Cutrupi

Currently: Director, Aon Saver Limited (2 years, 7 months)
Previously: Principal and Head of Product and Investment, Aon Australia (current position) (7 years, 3 months)

Dennis Church

Currently: Director, Aon Saver Limited (1 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 (3 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 (3 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 Tue June 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.