Booster Default Saver Fund

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Not Mindful
Type: Conservative fund
Past Returns: 3.34%

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

Annual Fees: 0.38%

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

Apa Group Npv 0.01%
Cms Energy Corp Com 0.02%
Conocophillips Com Usd0.01 0.05%
Equinor Asa Nok2.50 0.02%
Hess Corporation Com Usd1 0.02%
Neste Oil Oyj Npv 0.02%
Oneok Inc 0.01%
Phillips 66 Com Usd0.01 0.03%
Repsol SA Eur1 0.02%
Shs:Woodside Petroleum Ltd: 0.02%
Suncor Energy Inc Com Npv 'New' 0.03%
Total Eur2.5 0.11%
Wec Energy Group Com Usd0.01 0.03%

Weapons

Teledyne Technologies Inc Com 0.01%

Tobacco

Alcohol

GMOs

Novozymes A/S Ser'B'Dkk2 (Post Cons) 0.01%

Human Rights & Environmental Violations

Sempra Energy Com Npv 0.04%

Animal Testing

Akzo Nobel Nv Eur0.50(Post Rev Split) 0.020%
Argentum Netherlands Bv For Swiss 15/8/2050 0.010%
Beiersdorf AG Npv 0.010%
Clorox Co Del Com 0.030%
Colgate-Palmolive Com Usd1 0.070%
Danone Eur0.25 0.050%
Ecolab Inc Com 0.060%
Givaudan AG Chf10 0.040%
Henkel AG&Co. Kgaa Non-Vtg Prf Npv 0.020%
International Flavors&Fragranc Com 0.010%
Kimberly-Clark Cp Com Usd1.25 0.060%
Koninklijke Dsm Nv Eur1.5 0.030%
L'Oreal Eur0.20 0.100%
Novozymes A/S Ser'B'Dkk2 (Post Cons) 0.010%
Pepsico Inc Cap Usd0.016666 0.220%
Procter & Gamble Com Npv 0.360%
Reckitt Benckiser Treasury Service 26/6/2027 0.010%
Unilever PLC Ord Gbp0.031111 0.070%

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 1.07% 2.13%
2019 4.40% 4.25%
2018 3.80% 3.65%
2017 4.16% 3.43%
2016 3.52% 3.08%

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:

  • Vanguard Ethically Conscious Gbl Agg Bond Index Fund NZD Hgd
    Australia Fund
    28.73%
  • Ubs Msci World Socially Responsible Ucits ETF
    Germany Fund
    12.3%
  • NZ Cash (BNZ Bank Trust Account)
    New Zealand Cash and Equivalents AA-
    4.29%
  • Westpac Bank Bill 11/08/2020
    New Zealand NZ Fixed Interest AA-
    2.95%
  • ANZ Bank - Td 10 Nov 2020 @ 1.350%
    New Zealand Cash and Equivalents AA-
    2.11%
  • BNZ Bank Bill 06/08/2020
    New Zealand NZ Fixed Interest AA-
    1.94%
  • Kiwibank Td - NZPT 09 Feb 2021 @ 1.300%
    New Zealand Cash and Equivalents A
    1.69%
  • BNZ Bank Bill 12/08/2020
    New Zealand NZ Fixed Interest AA-
    1.69%
  • New Zealand Government Stock 3.0% 20/04/2029
    New Zealand NZ Fixed Interest AA+
    1.5%
  • NZ Govt Stock 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AA+
    1.33%

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 30.0% 33.76%
New Zealand Fixed Interest 28.0% 17.41%
International Fixed Interest 22.0% 28.88%
Australasian Equities 7.0% 6.27%
International Equities 11.0% 12.4%
Listed Properties 2.0% 1.28%
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:
    0.02%
  • Animal Testing:
    1.52%
  • Fossil Fuels:
    0.62%
  • Gambling:
    0.00%
  • GMOs:
    0.05%
  • Human Rights & Environmental Violations:
    0.12%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.01%
  • Weapons:
    0.07%

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

"The Default Saver Fund invests mainly in income assets, but includes some growth assets. It is suited to investors looking for a low level of risk and are willing to accept a relatively modest level of returns."

Value $100M NZD
Period of data report Tue June 30th 2020
Members 19,105
Fund started Tue July 1st 2014
Total annual fund fees 0.38%
Total performance based fees 0.0%
Manager's basic fee 0.38%
Administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

David Beattie

Currently: Principal, Booster Financial Services Limited (2 years, 1 months)
Previously: CIO, Booster Financial Services Limited (17 years, 6 months)

Nic Craven

Currently: Senior Manager - Research, Booster Financial Services Limited (2 years, 1 months)
Previously: Research Manager, Booster Financial Services Limited (4 years, 2 months)

Allan Yeo

Currently: Managing Director, Booster Financial Services Limited (22 years, 1 months)
Previously: Associate Director, Barclays Bank plc (2 years, 0 months)

Rowan Calvert

Currently: Portfolio Manager - Global Equities, Booster Financial Services Limited (2 years, 8 months)
Previously: Senior Equity Analyst, Booster Financial Services Limited (7 years, 4 months)

Aaron Usher

Currently: Portfolio Manager - Australasian Equities, Booster Financial Services Limited (2 years, 8 months)
Previously: Equity Analyst, Booster Financial Services Limited (5 years, 9 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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