Generate Stepping Stones Growth 61 - 64

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Not Mindful
Type: Balanced fund
Past Returns: 4.50%

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

Annual Fees: 1.25%

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

Wec Energy Group Inc 0.02%
Xcel Energy Inc 0.02%

Weapons

Alcohol

Human Rights & Environmental Violations

Nestle SA 0.02%

Animal Testing

Nestle SA 0.020%
Pepsico Inc 0.010%
Reckitt Benckiser Group 0.020%

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
2020 -1.89% 1.28%
2019 5.68% 7.07%
2018 5.63% 5.15%

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 Wed Sept. 30th 2020.

Showing the top 10 investments for this fund:

  • Berkshire Hathaway
    United States International Equities
    3.27%
  • Infratil
    New Zealand Australasian Equities
    3.14%
  • ASB NZ Dollar Cash Account
    New Zealand Cash and Equivalents A1
    2.78%
  • Genesis Mar 2023 Bonds
    New Zealand NZ Fixed Interest BBB+
    2.74%
  • Alibaba Group Holdings
    Switzerland International Equities
    2.68%
  • Tr Group 2024 Bonds
    New Zealand NZ Fixed Interest BBB-
    2.42%
  • Vector Energy Mar 2024 Bonds
    New Zealand NZ Fixed Interest BBB
    2.35%
  • Argosy Mar 2026 Green Bonds
    New Zealand NZ Fixed Interest UNRATED
    2.32%
  • Spark
    New Zealand Australasian Equities
    2.27%
  • Salvation Army 2025 Bonds
    New Zealand NZ Fixed Interest UNRATED
    2.13%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed Sept. 30th 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% 2.75%
New Zealand Fixed Interest 57.5% 59.47%
International Fixed Interest 0.0% 0.0%
Australasian Equities 11.0% 12.48%
International Equities 15.5% 17.57%
Listed Properties 11.0% 7.73%
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 Wed Sept. 30th 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:
    0.01%
  • Animal Testing:
    0.11%
  • Fossil Fuels:
    0.06%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.03%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.01%

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

"The objective of the Stepping Stones Growth 61-64 years old investment option is to provide a conservative investment return through investment in a portfolio of actively managed cash fixed interest listed property (including aged care) and infrastructure assets Australasian equities and international equities. The Investment option has a low to medium level of volatility."

Value $2.9M NZD
Period of data report Wed Sept. 30th 2020
Members 80
Fund started Tue Sept. 6th 2016
Total annual fund fees 1.25%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Administration charges 0.25%
Total other charges 36.0
Total other charges currency NZD

Key Personnel

Sam Goldwater

Currently: Portfolio Manager / Investment Committee Member / Executive Director (7 years, 6 months)
Previously: Led the investment management of a sizeable portfolio of family assets (previous) (7 years, 5 months)

Henry Tongue

Currently: Chief Executive Officer / Investment Committee Member / Director (7 years, 6 months)
Previously: Senior Portfolio Manager - Huljich Wealth Management (previous) (4 years, 3 months)

Peter Brook

Currently: Investment Committee Chair / Director (7 years, 6 months)
Previously: Board Member of Trust Investments Management (current) (16 years, 4 months)

Nick Bowden

Currently: Investment Committee Member (4 years, 1 months)
Previously: Director of family investment office (current) (1 years, 6 months)

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

Downloads

Download the fund's disclosure statement and portfolio holdings.

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.