AE KiwiSaver Plan

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Mindful Fund

Fund type: Conservative fund

Past Returns: 13.57%

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

Annual Fees: 2.71%

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.


Animal Testing

Pepsico, Inc. 2.88%
Albemarle Corporation 2.58%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Fri Sept. 30th 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.

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 -0.92% 4.6%
2021 8.73% 12.47%
2020 1.42% 23.65%
2019 4.58% 13.82%
2018 3.58% -1.97%
2017 4.10% 0.41%
2016 3.52% 4.05%
2015 8.10% 16.04%

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 Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • Jpmorgan - Call Accounts
    United States Cash and Equivalents A-
    37.77%
  • ANZ Bank - Call Accounts
    New Zealand Cash and Equivalents AA-
    30.81%
  • Sociedad Quimica Y Minera S.A.
    United States International Equities
    5.67%
  • Eli Lilly and Company
    United States International Equities
    3.27%
  • Pepsico, Inc.
    United States International Equities
    2.88%
  • Air Products and Chemicals, Inc.
    United States International Equities
    2.76%
  • Microsoft Corporation
    United States International Equities
    2.58%
  • Albemarle Corporation
    United States International Equities
    2.58%
  • Pfizer, Inc.
    United States International Equities
    2.53%
  • Merck & Company, Inc.
    United States International Equities
    2.42%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Sept. 30th 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 20.0% 68.68%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 80.0% 31.32%
Listed Properties 0.0% 0.0%
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 Fri Sept. 30th 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).

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:
    0.00%
  • Animal Testing:
    5.45%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • 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 Fri Sept. 30th 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.

In their own words

"AE KiwiSaver Plan may only hold investments which comply with the Ethical Mandate of AE KiwiSaver Plan. The fund’s investment objective is to increase the rate of average annual return to investors over the long-term while strictly complying with the restrictions of AE KiwiSaver Plan’s Ethical Mandate. Always-Ethical is a boutique fund management group based in Auckland, New Zealand. We specialise in providing ethical investment solutions to New Zealand and international investors. Always-Ethical currently offers two ethical investment products: AE Investor and AE KiwiSaver Plan."

Value $47M NZD
Period of data report Fri Sept. 30th 2022
Members 2,255
Fund started Tue Feb. 25th 2014
Total annual fund fees 2.71%
Total performance based fees 0.0%
Manager's basic fee 1.39%
Other management and administration charges 1.32%
Total other charges 32.4
Total other charges currency NZD

Key Personnel

Gregory Fortuin

Currently: Board Chair (9 years, 1 months)
Previously: Director (finance industry) / Race Relations Conciliator (40 years, 0 months)

Brian Henry

Currently: Director/Management Committee (9 years, 1 months)
Previously: Barrister (48 years, 0 months)

Dennis Gates

Currently: Director/Management Committee (1 years, 7 months)
Previously: Solicitor (32 years, 0 months)

Robert Knox

Currently: Investment Committee Chair (9 years, 1 months)
Previously: Managing Partner BDO / Accountant (45 years, 0 months)

Sandra Clark

Currently: CEO/Management Committee (2 years, 7 months)
Previously: Credit Controller (11 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Sept. 30th 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.