Funds

Supereasy Automatic Fund (Age 20)

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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:

  • Adult Entertainment/Pornography
  • Alcohol
  • Animal Cruelty
  • Fossil Fuels
  • Gambling
  • GMOs
  • Human Rights & Environmental Violations
  • Palm Oil
  • Tobacco
  • Weapons

Companies of concern

  • Fossil Fuel

    • Contact Energy Limited 0.98%
    • Neste Corporation 0.35%
    • Genesis Energy Limited 0.33%
    • Enel Spa 0.27%
    • Northland Power Inc. 0.23%
    • Oneok, Inc. 0.21%
    • Channel Infrastructure NZ Limited 0.19%
    • Constellation Energy Corporation 0.09%
    • Galp Energia Sgps SA Class B 0.07%

  • Gambling

    • Sky City Entertainment Group 0.47%

  • Alcohol

    • Diageo PLC 0.30%

  • Human Rights & Environmental Violations

    • Nestle S.A. 0.82%
    • Meta Platforms Inc. Class A 0.40%
    • Johnson & Johnson 0.35%
    • Thermo Fisher Scientific Inc. 0.08%
    • Activision Blizzard, Inc. 0.05%

  • Animal Cruelty

    • Nestle S.A. 0.83%
    • Coca-Cola Company 0.60%
    • Procter & Gamble Company 0.57%
    • Dow, Inc. 0.33%
    • 3M Company 0.31%
    • Colgate-Palmolive Company 0.29%
    • L'Oreal S.A. 0.28%
    • Daikin Industries, Ltd. 0.23%
    • Akzo Nobel N.V. 0.22%
    • Unilever PLC 0.20%
    • Ecolab Inc. 0.16%
    • Novozymes A/S Class B 0.15%
    • Kimberly-Clark Corporation 0.13%
    • Burberry Group PLC 0.12%
    • Clorox Company 0.09%
    • Kering SA 0.05%
    • Sgs SA 0.05%
    • Danone SA 0.03%
    • Kao Corp. 0.03%
    • Intertek Group PLC 0.02%
    • Kellogg Company 0.02%
    • PPG Industries, Inc. 0.02%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31st March 2022 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

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 $320k NZD
Period of data report 31st March 2022
Members 128
Fund started 1st July 2007
Total annual fund fees 0.43%
Total performance based fees 0.0%
Manager's basic fee 0.4%
Other management and administration charges 0.03%
Total other charges 54.0
Total other charges currency NZD

Key Personnel

Basil Morrison

Currently: LGST Chairman (10 years, 10 months)
Previously: Investment Accountant (Civic Financial Services) (6 years, 5 months)

Graeme Mitchell

Currently: Licensed Independent Trustee (9 years, 7 months)
Previously: (None years, None months)

Charlie Howe

Currently: Chief Executive Officer (Civic Financial Services) (0 years, 7 months)
Previously: (None years, None months)

Glenn Watkin

Currently: Chief Financial Officer (Civic Financial Services) (3 years, 2 months)
Previously: (None years, None months)

Ivy Liang

Currently: Fund Accountant (Civic Financial Services) (0 years, 3 months)
Previously: (None years, None months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2022.

Investment Exclusions

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).

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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

Issue of concern Does this fund say it excludes this? Actual holdings
Adult Entertainment /Pornography 0.00%
Alcohol 0.31%
Animal Cruelty 4.86%
Fossil Fuels 2.78%
Gambling 0.47%
GMOs 0.00%
Human Rights & Environmental Violations 1.73%
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 31st March 2022 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 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.

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
2022 3.94% 4.7%
2021 36.11% 28.42%
2020 -6.34% -3.18%
2019 9.78% 10.38%
2018 6.95% 8.25%
2017 10.40% 9.27%
2016 4.51% 4.01%
2015 15.30% 19.22%
2014 10.31% 13.59%
2013 13.23% 10.34%

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 March 2022.

Top 10 Investments

  • ANZ Wholesale International Share Fund No. 5
    New Zealand International Equities
    48.42%
  • Harbour NZ Shares Index Fund
    New Zealand Australasian Equities
    19.99%
  • ANZ Wholesale Hedged International Share Fund No. 5
    New Zealand International Equities
    16.17%
  • Harbour Real Estate Investment Fund
    New Zealand Listed Property
    10.0%
  • ANZ Wholesale Cash Fund
    New Zealand Cash and Equivalents
    2.42%
  • ANZ Wholesale International Credit Fund
    New Zealand Int Fixed Interest
    1.01%
  • ANZ Wholesale International Sovereign Fund
    New Zealand Int Fixed Interest
    1.01%
  • ANZ High Grade Bond Fund
    New Zealand NZ Fixed Interest
    0.49%
  • ANZ Sovereign Bond Fund
    New Zealand NZ Fixed Interest
    0.49%
Type Target Actual
Cash and Cash Equivalents 2.0% 2.42%
New Zealand Fixed Interest 1.0% 0.98%
International Fixed Interest 2.0% 2.02%
Australasian Equities 20.0% 19.99%
International Equities 65.0% 64.59%
Listed Properties 10.0% 10.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

Investment Mix

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

Target

Actual

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2022.