Supereasy Automatic Fund (Age 60)

Not Mindful

Type: Balanced fund

Past Returns: 3.41%

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

Annual Fees: 0.54%

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

American Electric Power Co Inc 0.02%
BHP Group Ltd 0.02%
BHP Group PLC 0.01%
BP Capital Markets America Inc - 19/09/2022 0.02%
BP PLC 0.05%
Chevron Corp 0.09%
Cnooc Nexen Finance 2014 Ulc - 30/04/2024 0.01%
Conocophillips 0.01%
Dominion Energy Inc 0.04%
Enbridge Inc 0.03%
Eni Spa 0.01%
Eni Spa - 17/01/2027 0.01%
Equinor Asa - 10/09/2025 0.01%
Exxon Mobil Corp 0.09%
Firstenergy Corp 0.01%
Gazprom PJSC 0.01%
Glencore Funding Llc - 27/10/2022 0.01%
Kinder Morgan Inc/De 0.01%
Korea Gas Corp - 20/07/2027 0.01%
Lukoil PJSC 0.01%
Nextera Energy Inc 0.07%
Phillips 66 0.01%
Royal Dutch Shell PLC-A Shs 0.04%
Royal Dutch Shell PLC-B Shs 0.03%
Shell International Finance Bv - 24/03/2021 0.02%
Total Capital International SA - 19/11/2021 0.01%
Total SA 0.06%
Wec Energy Group Inc 0.01%
Xcel Energy Inc 0.01%

Weapons

Gambling

Skycity Entertainment Group Lt 0.16%

Alcohol

Anheuser-Busch Cos Llc / Anheu - 01/02/2046 0.01%
Anheuser-Busch Inbev SA/Nv 0.01%
Constellation Brands Inc 0.01%
Diageo Capital PLC - 24/10/2029 0.01%
Diageo PLC 0.04%
LVMH Moet Hennessy Louis Vuitt 0.06%
Pernod Ricard SA 0.01%

Palm Oil

GMOs

Basf Se 0.02%
Bayer AG 0.03%
Dupont De Nemours Inc 0.01%
Novartis AG 0.10%
Novartis Finance SA - 31/03/2021 0.01%
Syngenta Finance Nv - 24/04/2023 0.01%

Human Rights & Environmental Violations

Barrick Gold Corp-Tse 0.01%
BHP Group Ltd 0.02%
BHP Group PLC 0.01%
Chevron Corp 0.09%
Duke Energy Corp 0.04%
Glencore Funding Llc - 27/10/2022 0.01%
Johnson & Johnson 0.20%
Nestle SA 0.19%
Rio Tinto Finance Usa Ltd - 15/06/2025 0.01%
Rio Tinto PLC 0.03%
Royal Dutch Shell PLC-A Shs 0.04%
Royal Dutch Shell PLC-B Shs 0.03%
Sempra Energy 0.01%
Sempra Energy - 15/10/2039 0.01%
Shell International Finance Bv - 10/05/2046 0.01%
Shell International Finance Bv - 24/03/2021 0.02%
Vale SA 0.01%

Animal Testing

Air Liquide SA 0.030%
Air Products & Chemicals Inc 0.020%
Argentum Netherlands Bv For Sw - 15/08/2052 0.010%
Basf Se 0.020%
Bayer AG 0.030%
Bayer US Finance Ii Llc - 25/06/2038 0.010%
Chevron Corp 0.090%
Coca-Cola Co/The 0.100%
Colgate-Palmolive Co 0.020%
Danone SA 0.020%
Ecolab Inc 0.020%
Estee Lauder Cos Inc/The 0.020%
General Mills Inc 0.010%
Givaudan SA 0.010%
Glaxosmithkline PLC 0.060%
Johnson & Johnson 0.210%
Kimberly-Clark Corp 0.020%
L'Oreal SA 0.040%
LVMH Moet Hennessy Louis Vuitt 0.060%
Nestle SA 0.190%
Pepsico Inc 0.100%
Pepsico Inc - 15/10/2027 0.020%
Procter & Gamble Co/The 0.180%
Reckitt Benckiser Group PLC 0.030%
Royal Dutch Shell PLC-A Shs 0.040%
Royal Dutch Shell PLC-B Shs 0.030%
Shell International Finance Bv - 24/03/2021 0.020%
Tesco PLC 0.010%
Unilever Nv 0.040%
Unilever Nv - 12/02/2027 0.010%
Unilever PLC 0.030%
Walgreens Boots Alliance Inc 0.010%

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	-1.89%	-2.74%
2019	5.68%	8.06%
2018	5.63%	4.92%
2017	6.10%	5.01%
2016	4.01%	4.22%
2015	11.09%	13.94%
2014	7.28%	6.09%
2013	10.75%	8.34%
2012	1.75%	-0.08%
2011	5.30%	5.22%

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 Hedged Global Fixed Interest Fund - Aif Pq
New Zealand International Fixed Interest

19.83%
AMP Global Index Shares - Nwin
New Zealand International Equities

17.07%
AMP Australasian Property Fund - Aifp
New Zealand Listed Property

14.9%
AMP NZ Shares Index Fund - Aif Pe
New Zealand Australasian Equities

12.54%
ANZ High Grade Bond Fund
New Zealand New Zealand Fixed Interest

9.93%
ANZ Sovereign Bond Fund
New Zealand New Zealand Fixed Interest

9.92%
AMP Hedged Global Index Shares - Aif Hpi
New Zealand International Equities

7.87%
ANZ Wholesale Cash Fund
New Zealand Cash and Cash Equivalents

5.15%
AMP SRI Global - Aifr
New Zealand International Equities

2.8%

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	5.0%	5.15%
New Zealand Fixed Interest	20.0%	19.84%
International Fixed Interest	20.0%	19.83%
Australasian Equities	12.5%	12.54%
International Equities	27.5%	27.75%
Listed Properties	15.0%	14.9%
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:

0.33%
Animal Testing:

1.95%
Fossil Fuels:

1.54%
Gambling:

0.21%
GMOs:

0.24%
Human Rights & Environmental Violations:

0.94%
Palm Oil:

0.03%
Tobacco:

0.00%
Weapons:

0.05%

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	$8.3M NZD
Period of data report	Tue March 31st 2020
Members	177
Fund started	Sun July 1st 2007
Total annual fund fees	0.54%
Total performance based fees	0.0%
Manager's basic fee	0.5%
Administration charges	0.04%
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