Not Mindful
Fund type: Conservative fund
Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
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
Apa Group Limited 0.03%
BHP Group Limited 0.33%
Coca-Cola Ltd 0.16%
Diamondback Energy Inc Sr Unsec 0.02%
Enbridge Inc Sr Unsec 0.03%
Energy Transfer Operatng Sr Unsec 0.01%
Genesis Energy Limited 0.12%
Genesis Energy Limited 20/07/2022 1.32% 0.18%
Genesis Energy Limited 5.0% 03/04/2025 0.48%
Genesis Energy Limited Bonds 09/06/2047 5.70% 0.42%
Genesis Energy Ltd Bonds 18/03/2022 4.14% 0.13%
Karoon Energy Ltd 0.02%
Oil Search Limited 0.33%
Origin Energy Limited 0.04%
Qatar Petroleum Sr Unsec Regs 0.02%
Santos Limited 0.06%
Saudi Arabian Oil Co Sr Unsec Regs 0.01%
South32 Limited 0.11%
The New Zealand Refining Company Limited 0.13%
Viva Energy Group Limited 0.15%
Woodside Petroleum Limited 0.06%
Gambling
Aristocrat Leisure Limited 0.06%
Las Vegas Sands Corp Sr Unsec 0.02%
Sands China Ltd Sr Unsec 0.01%
Skycity Entertainment Group Limited 0.29%
Skycity Entertainment Group Ltd 21/05/2027 3.02% 0.11%
The Star Entertainment Group Limited 0.04%
Alcohol
Delegat Group Limited 0.05%
Endeavour Group Ltd 0.02%
Treasury Wine Estates Limited 0.04%
Human Rights & Environmental Violations
BHP Group Limited 0.33%
Energy Transfer Operatng Sr Unsec 0.01%
Rio Tinto Limited 0.19%
Animal Testing
Bayer US Finance Ii Llc Sr Unsec 144A 0.02%
Coca-Cola Ltd 0.16%
Mondelez International Inc 0.37%
Reckitt Benckiser Tsy Sr Unsec 144A 0.04%
Tesco Prop Fin 6 PLC 0.04%
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% | 10.31% |
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:
-
ANZ Transactional Bank Account
New Zealand Cash and Equivalents AA-13.08% -
Vanguard ESG US Stock ETF
United States Fund6.17% -
Vanguard ESG International Stock ETF
United States International Equities3.88% -
Housing New Zealand 3.36% 12/06/2025
New Zealand NZ Fixed Interest AA+2.74% -
Gmt Bond Issuer Limited 23/06/2022 5.00%
New Zealand NZ Fixed Interest BBB+2.69% -
New Zealand Local Government Funding Agency Ltd 14/04/2033 3.50%
New Zealand NZ Fixed Interest AA+2.62% -
New Zealand Local Government Funding Agency Ltd 15/04/2027 4.50%
New Zealand NZ Fixed Interest AA+1.87% -
Housing New Zealand 2.97% 12/06/2023
New Zealand NZ Fixed Interest AA+1.76% -
Westpac New Zealand 1.439% 24/02/2026
New Zealand NZ Fixed Interest AA-1.75% -
New Zealand Local Government Funding Agency Ltd 15/04/2025 2.75%
New Zealand NZ Fixed Interest AA+1.41%
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 | 18.0% | 13.46% |
New Zealand Fixed Interest | 31.0% | 45.07% |
International Fixed Interest | 21.0% | 9.62% |
Australasian Equities | 15.0% | 13.78% |
International Equities | 12.0% | 13.32% |
Listed Properties | 3.0% | 4.74% |
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 concernDoes this fund say it excludes this?Actual holdings
-
Adult Entertainment/Pornography:0.00%
-
Alcohol:0.11%
-
Animal Testing:0.63%
-
Fossil Fuels:2.84%
-
Gambling:0.53%
-
GMOs:0.00%
-
Human Rights & Environmental Violations:0.53%
-
Palm Oil:0.00%
-
Tobacco:0.00%
-
Weapons:0.00%
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
"We aim to achieve positive long-term returns by choosing a greater exposure to cash and fixed interest investments and a lesser exposure to equity and property investments. Investors can expect low to moderate levels of movement up and down in value and to receive longer-term returns that are lower than those of Summer Balanced Selection."
Value | $12M NZD |
Period of data report | Fri Dec. 31st 2021 |
Members | 288 |
Fund started | Mon April 8th 2019 |
Total annual fund fees | 0.75% |
Total performance based fees | 0.0% |
Manager's basic fee | 0.7% |
Other management and administration charges | 0.05% |
Total other charges | 36.0 |
Total other charges currency | NZD |
Key Personnel
Paul Robertshawe |
Currently: Chief Investment OfficerOctagon Asset Management Limited (0 years, 1 months) |
Craig Alexander |
Currently: Head of Fixed Interest and ESGOctagon Asset Management Limited (0 years, 1 months) |
Jason Lindsay |
Currently: Head of EquitiesOctagon Asset Management Limited (0 years, 1 months) |
Neil Paviour-Smith |
Currently: DirectorForsyth Barr Investment Management Limited (13 years, 10 months) |
Christine Smith-Han |
Currently: Equity and Strategy AnalystOctagon Asset Management Limited (0 years, 1 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.