Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
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 Limited 0.02%
BHP Group Limited 0.45%
Diamondback Energy Inc Sr Unsec 0.02%
Dominion Energy Gas Hldg Sr Unsec 0.01%
Electricite De France SA Sr Unsec 144A 0.01%
Enbridge Inc Sr Unsec 0.03%
Enel Finance Intl Nv Co Gtd Sr Unsec 0.02%
Energy Transfer Operatng Sr Unsec 0.01%
Genesis Energy Limited 0.14%
Genesis Energy Limited 20/07/2022 1.32% 0.24%
Genesis Energy Limited 5.0% 03/04/2025 0.56%
Genesis Energy Limited Bonds 09/06/2047 5.70% 0.54%
Genesis Energy Ltd Bonds 18/03/2022 4.14% 0.15%
Nextera Energy Capital Sr Unsec 0.02%
Origin Energy Limited 0.07%
Petrobras Global Finance Sr Unsec 0.04%
Rio Tinto Limited 0.19%
Santos Limited 0.07%
Saudi Arabian Oil Co Sr Unsec Regs 0.02%
South32 Limited 0.13%
Southern Power Co Sr Unsec 144A 0.01%
The New Zealand Refining Company Limited 0.03%
Viva Energy Group Limited 0.14%
Woodside Petroleum Limited 0.08%
Gambling
Aristocrat Leisure Limited 0.05%
Las Vegas Sands Corp Sr Unsec 0.02%
Sands China Ltd Sr Unsec 0.02%
Skycity Entertainment Group Limited 0.14%
Alcohol
Bacardi Ltd Nt 144A **Full Call** 0.01%
Delegat Group Limited 0.11%
LVMH Moet Hennessy- Louis Vuitton 0.33%
Treasury Wine Estates Limited 0.10%
Human Rights & Environmental Violations
BHP Group Limited 0.45%
Rio Tinto Limited 0.19%
Animal Testing
Bayer AG 0.160%
Bayer US Finance Ii Llc Sr Unsec 144A 0.020%
Estee Lauder Companies Inc. 0.200%
General Mills Inc Sr Unsec Smr 0.010%
LVMH Moet Hennessy- Louis Vuitton 0.330%
Reckitt Benckiser Tsy Sr Unsec 144A 0.050%
Tesco Prop Fin 6 PLC 0.050%
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 Sept. 30th 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, Sustainalytics and research organisations.
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 |
|---|
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 Thu Dec. 31st 2020.
Showing the top 10 investments for this fund:
-
ANZ Transactional Bank Account
New Zealand Cash and Equivalents AA-18.3% -
New Zealand Local Government Funding Agency Ltd 14/04/2033 3.50%
New Zealand NZ Fixed Interest AA+3.11% -
Housing New Zealand 3.36% 12/06/2025
New Zealand NZ Fixed Interest AA+2.75% -
New Zealand Local Government Funding Agency Ltd 15/04/2027 4.50%
New Zealand NZ Fixed Interest AA+2.27% -
Housing New Zealand 2.97% 12/06/2023
New Zealand NZ Fixed Interest AA+1.78% -
New Zealand Local Government Funding Agency Ltd 15/04/2025 2.75%
New Zealand NZ Fixed Interest AA+1.42% -
Bank Of New Zealand Subordinated Note 17/12/2025 5.314%
New Zealand NZ Fixed Interest BBB+1.4% -
Vector Ltd 14/03/2024 4.996%
New Zealand NZ Fixed Interest BBB0.98% -
Transpower New Zealand Limited 04/09/2025 1.735%
New Zealand NZ Fixed Interest AA-0.93% -
Housing New Zealand 3.42% 18/10/2028
New Zealand NZ Fixed Interest AA+0.77%
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Thu Dec. 31st 2020.
How the money in this fund is invested against the fund's targets.
Target
Actual
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 23.0% | 18.85% |
| New Zealand Fixed Interest | 31.0% | 40.77% |
| International Fixed Interest | 16.0% | 9.89% |
| Australasian Equities | 13.0% | 12.58% |
| International Equities | 12.0% | 12.78% |
| Listed Properties | 5.0% | 5.12% |
| 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 Thu Dec. 31st 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 concernDoes this fund say it excludes this?Actual holdings
-
Adult Entertainment/Pornography:0.00%
-
Alcohol:0.55%
-
Animal Testing:0.82%
-
Fossil Fuels:3.00%
-
Gambling:0.23%
-
GMOs:0.00%
-
Human Rights & Environmental Violations:0.64%
-
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 Wed Sept. 30th 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, Sustainalytics 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
"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 | $11M NZD |
| Period of data report | Thu Dec. 31st 2020 |
| Members | 298 |
| Fund started | Mon April 8th 2019 |
| Total annual fund fees | 0.75% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.66% |
| Administration charges | 0.09% |
| Total other charges | 36.0 |
| Total other charges currency | NZD |
Key Personnel
|
Kevin Stirrat |
Currently: Director/Strategy Wealth Management ResearchForsyth Barr Limited (1 years, 5 months) |
|
Craig Alexander |
Currently: Co-Head of Funds ManagementForsyth Barr Limited (7 years, 6 months) |
|
Jason Lindsay |
Currently: Co-Head of Funds ManagementForsyth Barr Limited (1 years, 3 months) |
|
Neil Paviour-Smith |
Currently: Director (12 years, 10 months) |
|
Martin Hawes |
Currently: Chair Summer Investment Committee (4 years, 4 months) |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Thu Dec. 31st 2020.
Downloads
Download the fund's disclosure statement and portfolio holdings.
