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Type: Balanced fund
Past Returns: 6.57%

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

Annual Fees: 1.21%

Annual fees, including management and administration fees, but not membership 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 fund has no investments in issues 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 Wed March 31st 2021 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.

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
2021 16.64% 11.34%
2020 -1.20% 1.56%
2019 5.69% 6.81%
2018 5.19% 4.53%
2017 5.86% 1.79%
2016 4.01% 7.57%
2015 11.09% 8.95%

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 June 30th 2021.

Showing the top 10 investments for this fund:

  • Infratil
    New Zealand Australasian Equities
    3.61%
  • Kiwibank Term Deposit
    New Zealand NZ Fixed Interest
    3.14%
  • Genesis Mar 2023 Bonds
    New Zealand NZ Fixed Interest BBB+
    2.59%
  • Salvation Army Sep 2025 Bonds
    New Zealand NZ Fixed Interest
    2.45%
  • Tr Group Mar 2024 Bonds
    New Zealand NZ Fixed Interest BBB-
    2.36%
  • Vector Energy Mar 2024 Bonds
    New Zealand NZ Fixed Interest BBB
    2.32%
  • Alphabet
    United States International Equities
    2.31%
  • Argosy Mar 2026 Green Bonds
    New Zealand NZ Fixed Interest
    2.18%
  • Z Energy Nov 2021 Bonds
    New Zealand NZ Fixed Interest
    2.15%
  • Berkshire Hathaway
    United States International Equities
    2.15%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed June 30th 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 5.0% 2.76%
New Zealand Fixed Interest 62.5% 61.72%
International Fixed Interest 0.0% 0.0%
Australasian Equities 10.0% 11.51%
International Equities 12.5% 17.26%
Listed Properties 10.0% 6.61%
Unlisted Properties 0.0% 0.14%
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 June 30th 2021.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible 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 Wed March 31st 2021 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 exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"This fund aims to provide a conservative investment return for you through investment in mostly income assets. The portfolio is actively managed and includes cash fixed interest property (including aged care) and infrastructure assets Australasian equities and international equities."

Value $7.3M NZD
Period of data report Wed June 30th 2021
Members 171
Fund started Tue April 16th 2013
Total annual fund fees 1.21%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Other management and administration charges 0.21%
Total other charges 36.0
Total other charges currency NZD

Key Personnel

Sam Goldwater

Currently: Portfolio Manager/Investment Committee Member/Executive Director (8 years, 3 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 (8 years, 3 months)
Previously: Senior Portfolio Manager - Huljich Wealth Management (previous) (4 years, 3 months)

Peter Brook

Currently: Investment Committee Chair/Director (8 years, 3 months)
Previously: Board Member of Trust Investments Management (current) (17 years, 1 months)

Nick Bowden

Currently: Investment Committee Member (4 years, 10 months)
Previously: Director of family investment office (current) (2 years, 3 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed June 30th 2021.

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.