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Caresaver Growth Fund

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Mindful Fund
Type: Growth fund
Past Returns: No 3 year data yet

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

Annual Fees: 1.26%

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.

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 June 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 and research organisations.

A summary of this fund and its details.

Number FND14930
Name Caresaver Growth Fund
Risk profile Growth fund
Description An ethical portfolio with a higher exposure to growth assets and a lower exposure to income assets. This Fund’s value is likely to fluctuate more than the Balanced Fund or Conservative Fund.
Value $18M NZD
Members 662
Market index description The benchmark is a composite index made up of; 5% Bloomberg NZBank Bill Index, 15% Bloomberg Barclays Global Aggregate Unhedged (USD) & 80% Morningstar Developed Markets Net Index (50% hedged to NZD).
Period of data report Tue June 30th 2020
Fund started Tue July 23rd 2019
Three-year average return No 3 year data yet
Market index past year return 4.35%
Past year return net of charges and tax None%
Past year return net of charges gross of tax None%
Market index return since fund started 4.35%
Return since fund started net 8.56%
Total annual fund fees 1.26%
Total performance based fees 0.0%
Manager's basic fee 1.25%
Administration charges 0.01%
Total other charges 27.0
Total other charges currency NZD

Key Personnel

  • John Berry

    Currently: Pathfinder Asset Management - Chief Executive Officer (11 years, 3 months)
    Previously: Deutsche Bank - Consultant (4 years, 9 months)

  • John Berry

    Currently: Pathfinder Asset Management - Chief Executive Officer (11 years, 3 months)
    Previously: Deutsche Bank - Consultant (4 years, 9 months)

  • John Berry

    Currently: Pathfinder Asset Management - Chief Executive Officer (11 years, 3 months)
    Previously: Deutsche Bank - Consultant (4 years, 9 months)

  • Paul Brownsey

    Currently: Pathfinder Asset Management - Chief Investment Officer (11 years, 3 months)
    Previously: Deutsche Bank - Director (5 years, 0 months)

  • Paul Brownsey

    Currently: Pathfinder Asset Management - Chief Investment Officer (11 years, 3 months)
    Previously: Deutsche Bank - Director (5 years, 0 months)

  • Paul Brownsey

    Currently: Pathfinder Asset Management - Chief Investment Officer (11 years, 3 months)
    Previously: Deutsche Bank - Director (5 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue June 30th 2020.

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Cash At Bank - NZD - Interactive Brokers
    New Zealand Cash and Equivalents BBB+
    30.08%
  • Microsoft Corporation
    United States International Equities
    2.28%
  • Bchina Term Deposit 2.2% 15/06/2020 15/12/2020
    New Zealand Cash and Equivalents A+
    2.25%
  • Pushpay Holdings Ltd
    New Zealand Australasian Equities
    2.23%
  • Solaredge Technologies Inc
    United States International Equities
    1.96%
  • Rua Bioscience
    New Zealand Australasian Equities
    1.86%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    1.83%
  • Sharesies Limited
    New Zealand Australasian Equities
    1.82%
  • Bchina Term Deposit 2.55% 20/05/2020 20/11/2020
    New Zealand Cash and Equivalents A+
    1.69%
  • ASB Term Deposit 2.25% 22/05/2020 22/11/2020
    New Zealand Cash and Equivalents AA-
    1.69%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 30 June 2020 .

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 5.0% 15.55%
New Zealand Fixed Interest 5.0% 7.5%
International Fixed Interest 5.0% 0.0%
Australasian Equities 20.0% 23.47%
International Equities 55.0% 43.56%
Listed Properties 5.0% 9.93%
Unlisted Properties 0.0% 0.0%
Other 5.0% 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 30 June 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:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • 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 Tue June 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 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: "An ethical portfolio with a higher exposure to growth assets and a lower exposure to income assets. This Fund’s value is likely to fluctuate more than the Balanced Fund or Conservative Fund."

Download the fund's disclosure statement and portfolio holdings.

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