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
Bp Plc 0.12%
Cms Energy Corp 0.23%
Conocophillips 0.06%
Lyondellbasell Industries Nv 0.03%
Oil Search Ltd 0.02%
Tatneft Pao 0.03%
Total Sa 0.05%
Valero Energy Corp 0.03%
Weapons
L3Harris Technologies Inc 0.17%
Raytheon Co 0.11%
Tobacco
Altria Group Inc 0.18%
Alcohol
Lvmh Moet Hennessy Louis Vuitton Se 0.15%
Molson Coors Brewing Co 0.05%
Altria Group Inc 0.18%
GMOs
Dupont De Nemours Inc 0.09%
Human Rights & Environmental Violations
Nestle Sa 0.12%
Johnson & Johnson 0.23%
Kbr Inc 0.12%
Animal Testing
Croda International Plc 0.060%
Danone Sa 0.130%
Lvmh Moet Hennessy Louis Vuitton Se 0.150%
Nestle Sa 0.120%
Altria Group Inc 0.180%
Johnson & Johnson 0.230%
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 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 | FND1581 |
| Name | NZ Funds Inflation Strategy |
| Risk profile | Growth fund |
| Description | The objective of the Inflation Strategy is to mitigate the impact of inflation on your investment over the medium and/or long term. The fund is anticipated to hold mainly Australasian and international bonds, and Australasian and international shares. |
| Value | $50M NZD |
| Members | 8,768 |
| Market index description | The market index is a composite index calculated using the market indices and weightings set out in the Statement of Investment Policy and Objectives. |
| Disclosure Statement Period | Tue March 31st 2020 |
| Fund started | Mon Nov. 1st 2010 |
| Three-year average return | 1.65% |
| Market index past year return | -5.18% |
| Past year return net charges and tax | -2.95% |
| Past year return net of charges gross of tax | -3.94% |
| Market index return since fund started | 7.83% |
| Return since fund started net | 3.76% |
| Total annual fund fees | 1.82% |
| Total performance based fees | 0.35% |
| Manager's basic fee | 1.05% |
| Administration charges | 0.42% |
| Total other charges | 36.0 |
| Total other charges currency | NZD |
Key Personnel
-
David Haslam
Currently: Senior Dealer (3 years, 3 months)
Previously: Equities Trader, UBS NZ (0 years, 11 months) -
David Wilson
Currently: Chief Operating Officer - Investments and a Principal (1 years, 4 months)
Previously: Investment Strategist, New Zealand Funds Management Limited (21 years, 11 months) -
James Grigor
Currently: Chief Investment Officer and a Principal (1 years, 4 months)
Previously: Senior Portfolio Manager, New Zealand Funds Management Limited (1 years, 7 months) -
Mark Brooks
Currently: Head of Income and a Principal (12 years, 4 months)
Previously: Senior Portfolio Manager, Credaris (3 years, 4 months) -
Michael Lang
Currently: Chief Executive and a Director (1 years, 6 months)
Previously: Chief Investment Officer, New Zealand Funds Management Limited (10 years, 1 months)
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 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 |
|---|---|---|
| 2020 | -3.47% | -2.95% |
| 2019 | 6.87% | 4.92% |
| 2018 | 7.63% | 2.99% |
| 2017 | 8.87% | 4.79% |
| 2016 | 3.62% | -1.33% |
| 2015 | 13.73% | 12.41% |
| 2014 | 8.43% | 3.58% |
| 2013 | 12.00% | 10.24% |
| 2012 | -1.50% | 0.02% |
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 31 March 2020 .
Showing the top 10 investments for this fund:
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Westpac Bank Bill 14/04/2020
New Zealand Cash and Equivalents A-1+14.47% -
Citibank New Zealand NZD Current Account
United States Cash and Equivalents A-111.19% -
Goldman Sachs NZD Margin Account
United Kingdom Cash and Equivalents A-19.81% -
Citibank Hong Kong USD Current Account
United States Cash and Equivalents A-17.7% -
United States Government Bond 1.5% 15/02/2030
United States Int Fixed Interest AAA6.63% -
Suvretta Offshore Fund
Cayman Islands International Equities5.64% -
National Australia Bank Income Securities Perpetual
Australia Int Fixed Interest BBB-5.04% -
Westpac Current Account
New Zealand Cash and Equivalents A-1+4.08% -
Goldmans Sachs Otc Collateral NZD Margin Account
United Kingdom Cash and Equivalents A-13.67% -
New Zealand Government Bond 3% 20/04/2029
New Zealand NZ Fixed Interest AAA3.54%
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 31 March 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% | 12.33% |
| New Zealand Fixed Interest | 12.0% | 7.77% |
| International Fixed Interest | 13.0% | 21.03% |
| Australasian Equities | 30.0% | 28.31% |
| International Equities | 35.0% | 26.66% |
| Listed Properties | 5.0% | 1.78% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 1.93% |
| Commodities | 0.0% | 0.19% |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 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.
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Issue of concernDoes this fund say it excludes this?Actual holdings
-
Adult Entertainment/Pornography:0.00%
-
Alcohol:0.38%
-
Animal Testing:0.87%
-
Fossil Fuels:0.57%
-
Gambling:0.00%
-
GMOs:0.13%
-
Human Rights & Environmental Violations:0.47%
-
Palm Oil:0.00%
-
Tobacco:0.18%
-
Weapons:0.28%
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 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 objective of the Inflation Strategy is to mitigate the impact of inflation on your investment over the medium and/or long term. The fund is anticipated to hold mainly Australasian and international bonds, and Australasian and international shares."
Download the fund's disclosure statement and portfolio holdings.
