Lifestages Auto Option Age 55 - 64

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Type: Balanced fund
Past Returns: 4.99%

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

Annual Fees: 0.98%

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

Alliant Energy Corp. 0.01%
Ameren Corp. 0.02%
American Electric Power Co. Inc. 0.03%
Ampol Ltd 0.02%
BHP Group Ltd 0.11%
BP Capital Markets PLC 144(A) 0.08%
Clp Holdings Ltd. 0.01%
Cms Energy Corp. 0.01%
Coca-Cola Amatil Ltd 0.01%
Coca-Cola Co. 0.06%
Coca-Cola Co/The 0.750000% 03/09/2023 0.02%
Dominion Energy Inc. 0.05%
Electricite De France SA 2.250000% 04/27/2021 0.01%
Enbridge Inc. 0.04%
Enel Finance Intl Nv 2.875000% 05/25/2022 0.01%
Equinor Asa 0.875000% 02/17/2023 0.13%
Evergy Inc 4.850000% 06/01/2021 0.07%
Firstenergy Corp. 0.01%
Fortis Inc./Canada 0.01%
Genesis Energy Limited 0.11%
Genesis Energy Limited 03/04/2025 5.00% 0.07%
Genesis Energy Limited 08/03/2023 5.81% 0.05%
Genesis Energy Limited 20/07/2022 1.32% 0.03%
Hong Kong & China Gas Co. Ltd. 0.01%
Kinder Morgan Ener Part 4.150000% 03/01/2022 0.01%
Kinder Morgan Inc. 0.02%
Mplx Lp 4.500000% 07/15/2023 0.06%
Nextera Energy Inc. 0.11%
Ppl Corp. 0.02%
Reliance Industries Gdr Representi 144A 0.03%
Rio Tinto Ltd 0.02%
Southern Power Co 1.000000% 06/20/2022 0.05%
Tc Energy Corp. 0.03%
Total Capital Intl SA 2.125000% 11/19/2021 0.01%
Total Capital Intl SA 2.750000% 06/19/2021 0.02%
Total Capital Intl SA 4.250000% 11/26/2021 0.03%
Viva Energy Group Ltd 0.01%
Wec Energy Group Inc. 0.02%
Williams Companies Inc 3.350000% 08/15/2022 0.01%
Williams Cos. Inc. 0.02%
Xcel Energy Inc. 0.03%

Weapons

Tobacco

Gambling

Sky City Entertainment Group 0.14%

Alcohol

Coca-Cola Amatil Ltd 0.02%

Palm Oil

GMOs

Human Rights & Environmental Violations

BHP Group Ltd 0.11%
Duke Energy Corp. 0.05%
Johnson & Johnson 0.10%
Nestle SA 0.17%
Rio Tinto Ltd 0.02%
Sempra Energy 0.04%
Sempra Energy 0.700380% 03/15/2021 0.01%

Animal Testing

Air Products & Chemicals Inc. 0.020%
Bayer AG 0.010%
Coca-Cola Amatil Ltd 0.010%
Coca-Cola Co. 0.060%
Coca-Cola Co/The 0.750000% 03/09/2023 0.020%
Colgate-Palmolive Co. 0.020%
Dupont De Nemours Inc. 0.010%
Eastman Chemical Co 1.500000% 05/26/2023 0.070%
Estee Lauder Cos. Inc. Class A 0.020%
General Mills Inc. 0.010%
Givaudan SA 0.010%
Glaxosmithkline PLC 0.020%
Johnson & Johnson 0.100%
Kellogg Co 1.750000% 05/24/2021 0.050%
Kimberly-Clark Corp. 0.010%
L'Oreal SA 0.020%
Linde PLC 0.030%
Mondelez International Inc. Class A 0.020%
Nestle SA 0.170%
Pepsico Inc. 0.060%
Procter & Gamble Co. 0.100%
Procter & Gamble Co/The 4.125000% 12/07/2020 0.010%
Reckitt Benckiser Group PLC 0.020%
Reliance Industries Gdr Representi 144A 0.030%
Sherwin-Williams Co. 0.020%
Shin-Etsu Chemical Co. Ltd. 0.020%
Unilever Nv 0.030%
Unilever PLC 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 Sept. 30th 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, 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% 12.23%
2020 -1.20% -1.87%
2019 5.69% 4.62%
2018 5.19% 1.98%
2017 5.86% 4.56%

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:

  • Ishares Global Aggregate Bond Ucits ETF NZD Hedged
    Ireland Int Fixed Interest
    19.51%
  • Harbour NZ Core Fixed Interest Fund
    New Zealand NZ Fixed Interest
    14.92%
  • Ishares Wholesale Screened International Equity Index Fund (Class E2)
    Australia International Equities
    11.58%
  • Vanguard Ethically Conscious International Shares Index Fund-NZD Hedged
    Australia International Equities
    11.06%
  • Dimensional Two-Year Diversified Fixed Interest Trust – NZD Class Units
    Australia Int Fixed Interest
    9.89%
  • Vanguard Ethically Conscious Global Aggregate Bond Index Fund (Hedged)-NZD Hedged
    Australia Int Fixed Interest
    6.5%
  • Ishares Emerging Markets Imi Equity Index Fund
    Australia International Equities
    3.17%
  • Cash Deposit (ANZ Bank)
    New Zealand Cash and Equivalents A-1+
    2.81%
  • Dimensional Australian Sustainability Trust
    Australia Australasian Equities
    2.18%
  • Vanguard Global Infrastructure Index Fund
    Australia Other
    1.38%

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 9.8% 10.64%
New Zealand Fixed Interest 15.0% 14.92%
International Fixed Interest 36.0% 35.9%
Australasian Equities 10.4% 10.23%
International Equities 25.6% 25.81%
Listed Properties 1.2% 1.12%
Unlisted Properties 0.0% 0.0%
Other 2.0% 1.38%
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 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:
    0.10%
  • Animal Testing:
    1.58%
  • Fossil Fuels:
    2.22%
  • Gambling:
    0.15%
  • GMOs:
    0.01%
  • Human Rights & Environmental Violations:
    0.62%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.08%
  • Weapons:
    0.08%

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 Sept. 30th 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, Sustainalytics and research organisations.

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

"This life cycle investment stage invests 40% in the Lifestages High Growth Fund and 60% in the Lifestages Income Fund which is regarded as providing appropriate levels of risk and return for a person aged 55-64."

Value $23M NZD
Period of data report Wed March 31st 2021
Members 736
Fund started Wed Oct. 14th 2015
Total annual fund fees 0.98%
Total performance based fees 0.0%
Manager's basic fee 0.65%
Administration charges 0.33%
Total other charges 24.0
Total other charges currency NZD

Key Personnel

Graham Duston

Currently: Investment Committee member (19 years, 6 months)
Previously: Chief Executive Officer Funds Administration New Zealand Ltd (current) (19 years, 6 months)

Damon O'Brien

Currently: Independent Investment Committee member (5 years, 11 months)
Previously: Chief Investment Officer Consilium Limited (9 years, 0 months)

Martin Pike

Currently: Investment Strategist (5 years, 6 months)
Previously: National Manager Investment Product & Services AMP Financial Services (2 years, 4 months)

Mike Skilling

Currently: Non-executive Director / Investment Committee chairperson (4 years, 10 months)
Previously: GM Business Financial Services & Private Banking BNZ (8 years, 0 months)

Derek Young

Currently: Investment Committee member (16 years, 9 months)
Previously: Executive Director Funds Administration New Zealand Ltd (current) (16 years, 9 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.

Latest news

You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.