Issues of concern

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.

Key:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

    • Uber Technologies Inc 0.70%
    • Meta Platforms Inc-Class A 0.19%
    • Nestle SA-Reg 0.12%
    • Thermo Fisher Scientific Inc 0.11%
    • Rio Tinto Ltd 0.10%
    • P G & E Corp 0.08%
    • Tyson Foods Inc 0.27%
    • LVMH Moet Hennessy Louis Vui 0.22%
    • Kering 0.12%
    • L'Oreal 0.09%
    • Dupont De Nemours Inc 0.08%
    • Colgate-Palmolive Co 0.06%
    • Croda International PLC 0.04%
    • Walmart Inc 0.13%
    • Contact Energy Ltd 2.16% 1.5°C
      This company is on a 1.5°C pathway
    • E.On Se 0.43%
    • National Grid PLC 0.43% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Rio Tinto Ltd 0.10%
    • P G & E Corp 0.08%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30th Sept. 2023 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.

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

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.

About this fund

The objective of Life Cycle is to allocate your investment across the three funds (Strategies) in the Scheme based on your age to ensure your investment is allocated in a manner consistent with your investment timeframe. At age 65, your investment will be allocated as follows: 27% to the Income Strategy; 34% to the Inflation Strategy; and 39% to the Growth Strategy.

Value $11.0M NZD
Period of data report 31st Dec. 2023
Members 171
Fund started 1st Nov. 2010
Total annual fund fees 1.38%
Total performance based fees 0.0%
Manager's basic fee 1.04%
Other management and administration charges 0.34%
Total other charges 29.76
Total other charges currency NZD

Michael Lang

Currently: Chief Executive and a Director (5 years, 3 months)
Previously: Chief Investment Officer, New Zealand Funds Management Limited (10 years, 1 months)

Mark Brooks

Currently: Head of Income and a Principal (16 years, 1 months)
Previously: Senior Portfolio Manager, Credaris (3 years, 4 months)

David Haslam

Currently: Senior Dealer (7 years, 0 months)
Previously: Equities Trader, UBS NZ (0 years, 11 months)

Paul Van Wetering

Currently: Head of Investment Operations and Responsible Investing (4 years, 0 months)
Previously: Investment Analyst, New Zealand Funds Management Limited (6 years, 10 months)

Casey Keiper

Currently: Senior Equity Analyst (1 years, 3 months)
Previously: Equity Analyst, Hobson Wealth (1 years, 4 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2023.

Past Returns

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
2023 -2.79% -9.14%
2022 0.71% -10.23%
2021 17.98% 49.76%
2020 -1.40% -3.9%
2019 5.81% 4.05%
2018 5.28% 3.69%
2017 5.86% 6.98%
2016 4.01% -3.99%
2015 11.09% 13.39%
2014 7.28% 7.25%

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 31st Dec. 2023.

Top 10 Investments

  • Westpac Cash
    New Zealand Cash and Equivalents A-1+
    5.9%
  • Goldman Sachs Futures
    New Zealand Cash and Equivalents A-1
    5.81%
  • Westpac Bank Bill 5.825% 12/02/2024
    New Zealand Cash and Equivalents A-1+
    2.37%
  • Meridian Energy Ltd
    New Zealand Australasian Equities
    2.03%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    1.9%
  • Mercury NZ Ltd
    New Zealand Australasian Equities
    1.87%
  • Ryman Healthcare Ltd
    New Zealand Australasian Equities
    1.6%
  • ANZ Bank Ltd 2.999% 17/09/2031
    New Zealand NZ Fixed Interest A-
    1.51%
  • Galaxy Liquid Alpha Fund
    Cayman Islands Other
    1.5%
  • Housing NZ Ltd 3.42% 18/10/2028
    New Zealand NZ Fixed Interest AAA
    1.47%
Type Target Actual
Cash and Cash Equivalents 6.0% 11.8%
New Zealand Fixed Interest 16.0% 10.84%
International Fixed Interest 17.0% 7.51%
Australasian Equities 24.0% 21.38%
International Equities 34.0% 34.06%
Listed Properties 3.0% 7.5%
Unlisted Properties 0.0% 0.0%
Other 0.0% 4.85%
Commodities 0.0% 2.06%

Investment Mix

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

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2023.