Supereasy Automatic Fund (Age 60)

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Type: Balanced fund
Past Returns: 7.46%

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

Annual Fees: 0.49%

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.


Fossil Fuel

Anglo American PLC 0.02%
BHP Group Ltd 0.05%
BHP Group PLC 0.02%
BP Capital Markets America Inc - 19/09/2022 0.01%
Canadian Natural Resources Ltd 0.01%
Chevron Corp 0.10%
Coca-Cola Co/The 0.10%
Conocophillips 0.04%
Dominion Energy Inc 0.02%
Dominion Energy Inc - 01/04/2030 0.01%
Enbridge Inc 0.03%
Eog Resources Inc 0.01%
Equinor Asa - 10/09/2025 0.01%
Exxon Mobil Corp 0.12%
Genesis Energy Ltd 0.17%
Glencore Funding Llc - 27/10/2022 0.01%
Glencore PLC 0.01%
Itochu Corp 0.02%
Kinder Morgan Inc 0.01%
Marathon Petroleum Corp 0.01%
Mitsubishi Corp 0.01%
Mitsui & Co Ltd 0.01%
Phillips 66 0.01%
Pioneer Natural Resources Co 0.01%
Public Service Enterprise Group Inc 0.01%
Royal Dutch Shell PLC-A Shs-Lon 0.04%
Royal Dutch Shell PLC-B Shs 0.03%
Suncor Energy Inc 0.01%
Tc Energy Corp 0.02%
Total Se 0.06%
Williams Cos Inc/The 0.01%

Weapons

Amphenol Corp 0.01%
Transdigm Group Inc 0.01%

Tobacco

Seven & I Holdings Co Ltd 0.01%

Gambling

Flutter Entertainment PLC 0.01%
Skycity Entertainment Group Ltd 0.26%

Adult Entertainment/Pornography

Alcohol

Anheuser-Busch Cos Llc / Anheuser-Busch Inbev Worldwide Inc - 01/02/2046 0.01%
Anheuser-Busch Inbev SA/Nv 0.02%
Constellation Brands Inc 0.01%
Diageo PLC 0.04%
Heineken Nv 0.01%
LVMH Moet Hennessy Louis Vuitton Se 0.09%
Pernod Ricard SA 0.01%

Palm Oil

GMOs

Human Rights & Environmental Violations

Archer-Daniels-Midland Co 0.01%
BHP Group Ltd 0.05%
BHP Group PLC 0.02%
Barrick Gold Corp-Tse 0.01%
Bayer AG 0.02%
Chevron Corp 0.10%
Duke Energy Corp 0.03%
Freeport-Mcmoran Inc 0.01%
Glencore Funding Llc - 27/10/2022 0.01%
Glencore PLC 0.01%
Johnson & Johnson 0.20%
Motorola Solutions Inc 0.01%
Nestle SA 0.16%
Rio Tinto Ltd 0.01%
Rio Tinto PLC 0.04%
Royal Dutch Shell PLC-A Shs-Lon 0.04%
Royal Dutch Shell PLC-B Shs 0.03%
Sempra Energy 0.01%

Animal Testing

Air Liquide SA 0.030%
Archer-Daniels-Midland Co 0.010%
Basf Se 0.030%
Bayer AG 0.020%
Chevron Corp 0.100%
Coca-Cola Co/The 0.100%
Corteva Inc 0.010%
Danone SA 0.010%
Dow Inc 0.020%
Dupont De Nemours Inc 0.010%
Ecolab Inc 0.020%
Estee Lauder Cos Inc/The 0.030%
General Mills Inc 0.010%
Givaudan SA 0.010%
Glaxosmithkline PLC 0.040%
Hermes International 0.010%
Hp Inc 0.010%
Johnson & Johnson 0.200%
Kao Corp 0.010%
Kimberly-Clark Corp 0.020%
Koninklijke Dsm Nv 0.010%
L'Oreal SA 0.040%
LVMH Moet Hennessy Louis Vuitton Se 0.090%
Linde PLC-Etr 0.020%
Linde PLC-Ny 0.050%
Mondelez International Inc 0.040%
Nestle SA 0.160%
PPG Industries Inc 0.010%
Pepsico Inc 0.090%
Pepsico Inc - 15/10/2027 0.010%
Procter & Gamble Co/The 0.160%
Reckitt Benckiser Group PLC 0.020%
Royal Dutch Shell PLC-A Shs-Lon 0.040%
Royal Dutch Shell PLC-B Shs 0.030%
Seven & I Holdings Co Ltd 0.010%
Sherwin-Williams Co/The 0.020%
Shin-Etsu Chemical Co Ltd 0.020%
Unilever PLC - EUR 0.040%
Unilever PLC - Gbp 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 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% 17.07%
2020 -1.20% -2.74%
2019 5.69% 8.06%
2018 5.19% 4.92%
2017 5.86% 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%

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 March 31st 2021.

Showing the top 10 investments for this fund:

  • AMP Hedged Global Fixed Interest Fund - Aif Pq
    New Zealand Int Fixed Interest
    20.0%
  • AMP Global Index Shares - Nwin
    New Zealand International Equities
    18.5%
  • AMP Australasian Property Fund - Aifp
    New Zealand Listed Property
    15.03%
  • AMP NZ Shares Index Fund - Aif Pe
    New Zealand Australasian Equities
    12.56%
  • ANZ Sovereign Bond Fund
    New Zealand NZ Fixed Interest
    10.11%
  • ANZ High Grade Bond Fund
    New Zealand NZ Fixed Interest
    9.98%
  • AMP Hedged Global Index Shares - Aif Hpi
    New Zealand International Equities
    8.65%
  • ANZ Wholesale Cash Fund
    New Zealand Cash and Equivalents
    5.17%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed March 31st 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% 5.17%
New Zealand Fixed Interest 20.0% 20.09%
International Fixed Interest 20.0% 20.0%
Australasian Equities 12.5% 12.56%
International Equities 27.5% 27.15%
Listed Properties 15.0% 15.03%
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 March 31st 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:
    0.01%
  • Alcohol:
    0.33%
  • Animal Testing:
    2.37%
  • Fossil Fuels:
    1.84%
  • Gambling:
    0.35%
  • GMOs:
    0.02%
  • Human Rights & Environmental Violations:
    0.92%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.03%
  • Weapons:
    0.07%

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

"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 $12M NZD
Period of data report Wed March 31st 2021
Members 217
Fund started Sun Jan. 7th 2007
Total annual fund fees 0.49%
Total performance based fees 0.0%
Manager's basic fee 0.44%
Other management and administration charges 0.05%
Total other charges 54.0
Total other charges currency NZD

Key Personnel

Basil Morrison

Currently: LGST Chairman (9 years, 10 months)
Previously: (None years, None months)

Graeme Mitchell

Currently: Licensed Independent Trustee (8 years, 7 months)
Previously: (None years, None months)

Ian Brown

Currently: Chief Executive Officer (Civic Financial Services) (4 years, 1 months)
Previously: Superannuation Mgr (Civic Financial Services) (12 years, 3 months)

Glenn Watkin

Currently: Chief Financial Officer (Civic Financial Services) (2 years, 2 months)
Previously: Investment Accountant (Civic Financial Services) (6 years, 5 months)

Chathuri Mendis

Currently: Investment Accountant (Civic Financial Services) (2 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 Wed March 31st 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.