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NZ Funds Lifecycle Process - Age 75

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Not Mindful
Type: Balanced fund
Past Returns: 1.31%

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

Annual Fees: 1.68%

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 0.11%
Cms Energy Corp 0.22%
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 0.16%
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 0.08%

Human Rights & Environmental Violations

Nestle Sa 0.12%
Southern Copper Corp 0.91%
Johnson & Johnson 0.22%
Kbr Inc 0.12%

Animal Testing

Croda International Plc 0.060%
Danone Sa 0.120%
Lvmh Moet Hennessy Louis Vuitton Se 0.150%
Nestle Sa 0.120%
Altria Group Inc 0.170%
Johnson & Johnson 0.220%

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 FND1589
Name NZ Funds Lifecycle Process - Age 75
Risk profile Balanced fund
Description The objective of LifeCycle 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 75, your investment will be allocated as follows: 35% to the Income Strategy; 34% to the Inflation Strategy; and 31% to the Growth Strategy.
Value $420k NZD
Members 14
Market index description The market index is a composite index calculated using the market indices for each Strategy weighted to reflect the investment option's allocation to each Strategy, as set out in the Statement of Investment Policy and Objectives.
Period of data report Tue June 30th 2020
Fund started Mon Nov. 1st 2010
Three-year average return 1.31%
Market index past year return 4.32%
Past year return net of charges and tax -0.54%
Past year return net of charges gross of tax -1.4%
Market index return since fund started 8.25%
Return since fund started net 4.28%
Total annual fund fees 1.68%
Total performance based fees 0.21%
Manager's basic fee 1.03%
Administration charges 0.44%
Total other charges 36.0
Total other charges currency NZD

Key Personnel

  • Andrew Curtayne

    Currently: Senior Portfolio Manager (0 years, 2 months)
    Previously: Senior Analyst, Melqart Asset Management (3 years, 8 months)

  • David Haslam

    Currently: Senior Dealer (3 years, 6 months)
    Previously: Equities Trader, UBS NZ (0 years, 11 months)

  • David Haslam

    Currently: Senior Dealer (3 years, 6 months)
    Previously: Equities Trader, UBS NZ (0 years, 11 months)

  • David Haslam

    Currently: Senior Dealer (3 years, 6 months)
    Previously: Equities Trader, UBS NZ (0 years, 11 months)

  • David Haslam

    Currently: Senior Dealer (3 years, 6 months)
    Previously: Equities Trader, UBS NZ (0 years, 11 months)

  • David Haslam

    Currently: Senior Dealer (3 years, 6 months)
    Previously: Equities Trader, UBS NZ (0 years, 11 months)

  • David Haslam

    Currently: Senior Dealer (3 years, 6 months)
    Previously: Equities Trader, UBS NZ (0 years, 11 months)

  • David Wilson

    Currently: Chief Operating Officer - Investments and a Principal (1 years, 7 months)
    Previously: Investment Strategist, New Zealand Funds Management Limited (21 years, 11 months)

  • David Wilson

    Currently: Chief Operating Officer - Investments and a Principal (1 years, 7 months)
    Previously: Investment Strategist, New Zealand Funds Management Limited (21 years, 11 months)

  • David Wilson

    Currently: Chief Operating Officer - Investments and a Principal (1 years, 7 months)
    Previously: Investment Strategist, New Zealand Funds Management Limited (21 years, 11 months)

  • David Wilson

    Currently: Chief Operating Officer - Investments and a Principal (1 years, 7 months)
    Previously: Investment Strategist, New Zealand Funds Management Limited (21 years, 11 months)

  • David Wilson

    Currently: Chief Operating Officer - Investments and a Principal (1 years, 7 months)
    Previously: Investment Strategist, New Zealand Funds Management Limited (21 years, 11 months)

  • David Wilson

    Currently: Chief Operating Officer - Investments and a Principal (1 years, 7 months)
    Previously: Investment Strategist, New Zealand Funds Management Limited (21 years, 11 months)

  • James Grigor

    Currently: Chief Investment Officer and a Principal (1 years, 7 months)
    Previously: Senior Portfolio Manager, New Zealand Funds Management Limited (1 years, 7 months)

  • James Grigor

    Currently: Chief Investment Officer and a Principal (1 years, 7 months)
    Previously: Senior Portfolio Manager, New Zealand Funds Management Limited (1 years, 7 months)

  • James Grigor

    Currently: Chief Investment Officer and a Principal (1 years, 7 months)
    Previously: Senior Portfolio Manager, New Zealand Funds Management Limited (1 years, 7 months)

  • James Grigor

    Currently: Chief Investment Officer and a Principal (1 years, 7 months)
    Previously: Senior Portfolio Manager, New Zealand Funds Management Limited (1 years, 7 months)

  • James Grigor

    Currently: Chief Investment Officer and a Principal (1 years, 7 months)
    Previously: Senior Portfolio Manager, New Zealand Funds Management Limited (1 years, 7 months)

  • James Grigor

    Currently: Chief Investment Officer and a Principal (1 years, 7 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, 7 months)
    Previously: Senior Portfolio Manager, Credaris (3 years, 4 months)

  • Mark Brooks

    Currently: Head of Income and a Principal (12 years, 7 months)
    Previously: Senior Portfolio Manager, Credaris (3 years, 4 months)

  • Mark Brooks

    Currently: Head of Income and a Principal (12 years, 7 months)
    Previously: Senior Portfolio Manager, Credaris (3 years, 4 months)

  • Mark Brooks

    Currently: Head of Income and a Principal (12 years, 7 months)
    Previously: Senior Portfolio Manager, Credaris (3 years, 4 months)

  • Mark Brooks

    Currently: Head of Income and a Principal (12 years, 7 months)
    Previously: Senior Portfolio Manager, Credaris (3 years, 4 months)

  • Michael Lang

    Currently: Chief Executive and a Director (1 years, 9 months)
    Previously: Chief Investment Officer, New Zealand Funds Management Limited (10 years, 1 months)

  • Michael Lang

    Currently: Chief Executive and a Director (1 years, 9 months)
    Previously: Chief Investment Officer, New Zealand Funds Management Limited (10 years, 1 months)

  • Michael Lang

    Currently: Chief Executive and a Director (1 years, 9 months)
    Previously: Chief Investment Officer, New Zealand Funds Management Limited (10 years, 1 months)

  • Michael Lang

    Currently: Chief Executive and a Director (1 years, 9 months)
    Previously: Chief Investment Officer, New Zealand Funds Management Limited (10 years, 1 months)

  • Michael Lang

    Currently: Chief Executive and a Director (1 years, 9 months)
    Previously: Chief Investment Officer, New Zealand Funds Management Limited (10 years, 1 months)

  • Michael Lang

    Currently: Chief Executive and a Director (1 years, 9 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 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
2020 -1.89% -3.47%
2019 5.68% 4.02%
2018 5.63% 3.39%
2017 6.10% 6.28%
2016 4.01% -2.89%
2015 11.09% 11.89%
2014 7.28% 6.24%
2013 10.75% 9.73%
2012 1.75% -0.09%

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:

  • Westpac Current Account
    New Zealand Cash and Equivalents A-1+
    7.97%
  • Goldman Sachs NZD Margin Account
    United Kingdom Cash and Equivalents A-1
    7.2%
  • Citibank New Zealand NZD Current Account
    United States Cash and Equivalents A-1
    6.07%
  • Citibank Hong Kong USD Current Account
    United States Cash and Equivalents A-1
    5.99%
  • Suvretta Offshore Fund
    Cayman Islands International Equities
    4.63%
  • National Australia Bank Income Securities Perpetual
    Australia Int Fixed Interest BBB
    2.21%
  • Emerson Point Capital Partners Lp
    United States International Equities
    2.05%
  • Goldmans Sachs Otc Collateral NZD Margin Account
    United Kingdom Cash and Equivalents A-1
    1.86%
  • Chorus
    New Zealand Australasian Equities
    1.84%
  • Meridian Energy
    New Zealand Australasian Equities
    1.83%

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 3.0% 7.09%
New Zealand Fixed Interest 18.0% 10.65%
International Fixed Interest 24.0% 12.34%
Australasian Equities 18.0% 18.38%
International Equities 33.0% 30.13%
Listed Properties 3.0% 1.46%
Unlisted Properties 0.0% 0.0%
Other 1.0% 0.3%
Commodities 0.0% 19.65%

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:
    0.38%
  • Animal Testing:
    0.84%
  • Fossil Fuels:
    0.55%
  • Gambling:
    0.00%
  • GMOs:
    0.11%
  • Human Rights & Environmental Violations:
    1.37%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.18%
  • Weapons:
    0.27%

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: "The objective of LifeCycle 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 75, your investment will be allocated as follows: 35% to the Income Strategy; 34% to the Inflation Strategy; and 31% to the Growth Strategy."

Download the fund's disclosure statement and portfolio holdings.

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