Lifestages Auto Option Age 55 - 64

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Fund type: Balanced fund

Past Returns: 3.36%

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

Annual Fees: 0.91%

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

Ampol Ltd 0.02%
Apa Group Stapled 0.02%
Atmos Energy Corp 0.03%
Cheniere Energy Inc 0.06%
Enagas SA Ord 0.01%
Enbridge Inc 0.19%
Hong Kong and China Gas Co Ltd 0.02%
Keyera Corp 0.01%
Kinder Morgan Inc 0.07%
Naturgy Energy Group SA 0.02%
Oneok Inc 0.06%
Pembina Pipeline Corporation 0.04%
Snam Spa 0.02%
Targa Resources Corp 0.03%
Tc Energy Corporation 0.10%
The Williams Companies Inc 0.07%
Tokyo Gas Co 0.01%
Viva Energy Group Ltd 0.02%

Weapons

Tobacco

Adult Entertainment/Pornography

Alcohol

GMOs

Human Rights & Environmental Violations

Activision Blizzard Inc 0.02%
Johnson & Johnson 0.54%
Pg&E Corporation 0.03%
Rio Tinto Ltd 0.03%

Animal Testing

Avantor Inc 0.01%
Church & Dwight Co Inc 0.01%
Coca-Cola Co/The 0.04%
Corteva Inc 0.01%
Estee Lauder Companies-Cl A 0.01%
Fmc Corp 0.01%
Givaudan-Reg 0.01%
Glaxosmithkline PLC 0.01%
Hermes International 0.01%
Johnson & Johnson 0.54%
L'Oreal 0.01%
PPG Industries Inc 0.01%
Pepsico Inc 0.03%
Procter & Gamble Co 0.57%
Procter & Gamble Co/The 0.06%
Sherwin-Williams Co/The 0.02%
Unilever PLC-Sponsored Adr 0.03%

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

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
2022 0.35% -0.28%
2021 16.60% 12.23%
2020 -1.09% -1.87%
2019 5.56% 4.62%
2018 5.28% 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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • Dimensional Global Sustainability Trust – NZD Hedged Class Units
    Australia International Equities
    11.98%
  • Ishares Global Aggregate Bond ESG Ucits ETF NZD Hedged
    Ireland Int Fixed Interest
    11.21%
  • Harbour NZ Core Fixed Interest Fund
    New Zealand NZ Fixed Interest
    11.14%
  • Dimensional Two-Year Sustainability Fixed Interest Trust – NZD Class Units
    Australia Int Fixed Interest
    10.59%
  • Dimensional Global Bond Sustainability Trust – NZD Class Units
    Australia Int Fixed Interest
    4.8%
  • Schroder Emerging Markets Sustainable Fund - Wholesale Class
    New Zealand International Equities
    3.26%
  • Kernel Global Infrastructure Fund
    New Zealand Other
    2.49%
  • Dimensional Australian Sustainability Trust
    Australia Australasian Equities
    2.18%
  • Cash Deposit (ANZ Bank)
    New Zealand Cash and Equivalents A-1+
    2.17%
  • Southland Building Society Term Deposit Maturity 19/10/22
    New Zealand Cash and Equivalents BBB
    1.8%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 9.8% 13.85%
New Zealand Fixed Interest 15.0% 11.71%
International Fixed Interest 36.0% 26.6%
Australasian Equities 10.4% 14.24%
International Equities 28.8% 28.23%
Listed Properties 0.0% 2.88%
Unlisted Properties 0.0% 0.0%
Other 0.0% 2.49%
Commodities 0.0% 0.0%

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

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:
    0.02%
  • Animal Testing:
    1.81%
  • Fossil Fuels:
    0.99%
  • Gambling:
    0.00%
  • GMOs:
    0.01%
  • Human Rights & Environmental Violations:
    0.71%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.01%
  • Weapons:
    0.10%

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

"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 $27M NZD
Period of data report Thu March 31st 2022
Members 797
Fund started Wed Oct. 14th 2015
Total annual fund fees 0.91%
Total performance based fees 0.0%
Manager's basic fee 0.65%
Other management and administration charges 0.26%
Total other charges 24.0
Total other charges currency NZD

Key Personnel

Graham Duston

Currently: Investment Committee member (20 years, 6 months)
Previously: Chief Executive Officer, Funds Administration New Zealand Ltd (current) (20 years, 6 months)

Damon O'Brien

Currently: Independent Investment Committee member (6 years, 11 months)
Previously: Chief Investment Officer, Consilium Limited (10 years, 0 months)

Martin Pike

Currently: Head of Investments (6 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 (5 years, 10 months)
Previously: GM Business Financial Services & Private Banking, BNZ (8 years, 0 months)

Derek Young

Currently: Investment Committee member (17 years, 9 months)
Previously: Executive Director, Funds Administration New Zealand Ltd (current) (17 years, 9 months)

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

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.