Supereasy Automatic Fund (Age 20)

Not Mindful

Type: Aggressive fund

Past Returns: 5.15%

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

Annual Fees: 0.56%

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

Alliant Energy Corp 0.01%
Ameren Corp 0.02%
American Electric Power Co Inc 0.05%
Anglo American PLC 0.02%
BHP Group Ltd 0.07%
BHP Group PLC 0.04%
BP PLC 0.12%
Canadian Natural Resources Ltd 0.01%
Chevron Corp 0.20%
China Petroleum & Chemical-H 0.01%
Clp Holdings Ltd 0.01%
Cms Energy Corp 0.02%
Cnooc Ltd 0.02%
Conocophillips 0.03%
Dominion Energy Inc 0.08%
Dte Energy Co 0.02%
Enbridge Inc 0.08%
Engie SA 0.02%
Eni Spa 0.03%
Eog Resources Inc 0.02%
Evergy Inc 0.02%
Exxon Mobil Corp 0.22%
Firstenergy Corp 0.03%
Gazprom PJSC 0.03%
Glencore PLC 0.02%
Kinder Morgan Inc/De 0.03%
Lukoil PJSC 0.03%
Lyondellbasell Industries Nv 0.01%
Marathon Petroleum Corp 0.02%
Neste Oyj 0.02%
Nextera Energy Inc 0.17%
Novatek PJSC 0.01%
Occidental Petroleum Corp 0.01%
Petrobras - Petroleo Bras 0.01%
Petrobras - Petroleo Bras-Pr 0.01%
Phillips 66 0.03%
Pioneer Natural Resources Co 0.01%
Repsol SA 0.01%
Royal Dutch Shell PLC-A Shs 0.09%
Royal Dutch Shell PLC-B Shs 0.08%
Rwe AG 0.02%
Suncor Energy Inc 0.02%
Tatneft Pao 0.01%
Total SA 0.13%
Valero Energy Corp 0.02%
Wec Energy Group Inc 0.03%
Williams Cos Inc/The 0.02%
Woodside Petroleum Ltd 0.01%
Xcel Energy Inc 0.04%

Weapons

Booz Allen Hamilton Holding Co 0.01%
Mitsubishi Heavy Industries Lt 0.01%
Teledyne Technologies Inc 0.01%
Transdigm Group Inc 0.02%

Gambling

Galaxy Entertainment Group Ltd 0.01%
Las Vegas Sands Corp 0.01%
Sands China Ltd 0.01%
Skycity Entertainment Group Lt 0.25%

Alcohol

Ambev SA 0.01%
Anheuser-Busch Inbev SA/Nv 0.04%
Asahi Group Holdings Ltd 0.01%
Brown-Forman Corp 0.02%
Carlsberg A/S 0.01%
Constellation Brands Inc 0.03%
Diageo PLC 0.10%
Heineken Nv 0.02%
Kirin Holdings Co Ltd 0.02%
Kweichow Moutai Co Ltd 0.01%
LVMH Moet Hennessy Louis Vuitt 0.14%
Pernod Ricard SA 0.03%

Palm Oil

Posco 0.02%

GMOs

Basf Se 0.05%
Bayer AG 0.08%
Dupont De Nemours Inc 0.03%
Novartis AG 0.25%
Nutrien Ltd 0.02%

Human Rights & Environmental Violations

Archer-Daniels-Midland Co 0.02%
Barrick Gold Corp-Tse 0.03%
BHP Group Ltd 0.07%
BHP Group PLC 0.04%
Chevron Corp 0.20%
Duke Energy Corp 0.08%
Glencore PLC 0.02%
Johnson & Johnson 0.48%
Mmc Norilsk Nickel PJSC-Lon 0.02%
Nestle SA 0.44%
Nutrien Ltd 0.02%
Posco 0.01%
Rio Tinto Ltd 0.02%
Rio Tinto PLC 0.07%
Royal Dutch Shell PLC-A Shs 0.09%
Royal Dutch Shell PLC-B Shs 0.08%
Sempra Energy 0.04%
Vale SA 0.03%

Animal Testing

Air Liquide SA 0.080%
Air Products & Chemicals Inc 0.050%
Akzo Nobel Nv 0.020%
Archer-Daniels-Midland Co 0.020%
Basf Se 0.050%
Bayer AG 0.080%
Chevron Corp 0.200%
Church & Dwight Co Inc 0.020%
Clorox Co/The 0.020%
Coca-Cola Co/The 0.250%
Colgate-Palmolive Co 0.070%
Danone SA 0.040%
Ecolab Inc 0.050%
Estee Lauder Cos Inc/The 0.040%
General Mills Inc 0.040%
Givaudan SA 0.030%
Glaxosmithkline PLC 0.130%
Henkel AG & Co Kgaa Vorzug 0.020%
Johnson & Johnson 0.490%
Kimberly-Clark Corp 0.050%
Koninklijke Dsm Nv 0.020%
Kraft Heinz Co/The 0.020%
L'Oreal SA 0.090%
LVMH Moet Hennessy Louis Vuitt 0.140%
Nestle SA 0.450%
Pepsico Inc 0.250%
PPG Industries Inc 0.020%
Procter & Gamble Co/The 0.410%
Reckitt Benckiser Group PLC 0.070%
Royal Dutch Shell PLC-A Shs 0.090%
Royal Dutch Shell PLC-B Shs 0.080%
Shiseido Co Ltd 0.020%
Symrise AG 0.010%
Tesco PLC 0.030%
Unilever Nv 0.110%
Unilever PLC 0.070%
Walgreens Boots Alliance Inc 0.040%

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 March 31st 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.

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	-7.41%	-3.18%
2019	10.11%	10.38%
2018	6.68%	8.25%
2017	11.18%	9.27%
2016	4.51%	4.01%
2015	15.30%	19.22%
2014	10.31%	13.59%
2013	13.23%	10.34%
2012	-5.15%	-4.95%
2011	7.61%	4.66%

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 March 31st 2020.

Showing the top 10 investments for this fund:

AMP Global Index Shares - Nwin
New Zealand International Equities

49.41%
AMP NZ Shares Index Fund - Aif Pe
New Zealand Australasian Equities

19.91%
AMP Australasian Property Fund - Aifp
New Zealand Listed Property

9.9%
AMP Hedged Global Index Shares - Aif Hpi
New Zealand International Equities

8.71%
AMP SRI Global - Aifr
New Zealand International Equities

6.53%
ANZ Wholesale Cash Fund
New Zealand Cash and Cash Equivalents

2.45%
AMP Hedged Global Fixed Interest Fund - Aif Pq
New Zealand International Fixed Interest

2.07%
ANZ Sovereign Bond Fund
New Zealand New Zealand Fixed Interest

0.52%
ANZ High Grade Bond Fund
New Zealand New Zealand Fixed Interest

0.51%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Tue March 31st 2020.

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

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	2.0%	2.45%
New Zealand Fixed Interest	1.0%	1.03%
International Fixed Interest	2.0%	2.07%
Australasian Equities	20.0%	19.91%
International Equities	65.0%	64.65%
Listed Properties	10.0%	9.9%
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 Tue March 31st 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:

0.60%
Animal Testing:

4.12%
Fossil Fuels:

2.84%
Gambling:

0.38%
GMOs:

0.48%
Human Rights & Environmental Violations:

1.97%
Palm Oil:

0.07%
Tobacco:

0.00%
Weapons:

0.10%

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 Automatic Fund is a life cycle investment option. Its objective is to achieve the optimum long term outcome by accepting a higher investment risk and return volatility in the early stages of a member’s working life as a trade-off for potentially higher returns"

Value	$200k NZD
Period of data report	Tue March 31st 2020
Members	116
Fund started	Sun July 1st 2007
Total annual fund fees	0.56%
Total performance based fees	0.0%
Manager's basic fee	0.5%
Administration charges	0.06%
Total other charges	54.0
Total other charges currency	NZD

Key Personnel

Basil Morrison	Currently: LGST Chairman (8 years, 10 months) Previously: (None years, None months)
Graeme Mitchell	Currently: Licensed Independent Trustee (7 years, 7 months) Previously: (None years, None months)
Ian Brown	Currently: Chief Executive Officer (Civic Financial Services) (3 years, 1 months) Previously: Superannuation Mgr (Civic Financial Services) (12 years, 3 months)
Glenn Watkin	Currently: Chief Financial Officer (Civic Financial Services) (1 years, 2 months) Previously: Investment Accountant (Civic Financial Services) (6 years, 5 months)
Chathuri Mendis	Currently: Investment Accountant (Civic Financial Services) (1 years, 2 months) Previously: Junior Accountant (Civic Financial Services) (1 years, 10 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue March 31st 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Portfolio holdings v