Funds
AE KiwiSaver Plan
Issues of concern
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.
Key:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Animal Cruelty
- 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 30th Sept. 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.
About this fund
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 | 30th Sept. 2022 |
| Members | 2,255 |
| Fund started | 25th Feb. 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) |
|
Brian Henry |
Currently: Director/Management Committee (9 years, 1 months) |
|
Dennis Gates |
Currently: Director/Management Committee (1 years, 7 months) |
|
Robert Knox |
Currently: Investment Committee Chair (9 years, 1 months) |
|
Sandra Clark |
Currently: CEO/Management Committee (2 years, 7 months) |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2022.
Investment Exclusions
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 Cruelty | 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 30th Sept. 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.
Past Returns
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 30th Sept. 2022.
Top 10 Investments
-
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 Equities5.67% -
Eli Lilly and Company
United States International Equities3.27% -
Pepsico, Inc.
United States International Equities2.88% -
Air Products and Chemicals, Inc.
United States International Equities2.76% -
Microsoft Corporation
United States International Equities2.58% -
Albemarle Corporation
United States International Equities2.58% -
Pfizer, Inc.
United States International Equities2.53% -
Merck & Company, Inc.
United States International Equities2.42%
| 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% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2022.