Booster Default Saver Fund

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Fund type: Balanced fund

Past Returns: No three year data yet

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

Annual Fees: 0.35%

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

Gambling

Aristocrat Leisure Limited 0.11%
Gaming and Leisure Properties Inc. 0.01%
Sky City Entertainment Group Ltd 0.23%
Tabcorp Holdings Limited 0.06%
Vici Properties Inc. 0.03%

Alcohol

Anheuser Busch Inbev SA 0.10%
Diageo PLC 0.17%
LVMH Moet Hennessy Louis Vuitton SA 0.17%
Pernod Ricard SA 0.11%
Treasury Wine Estates Limited 0.06%

Palm Oil

Human Rights & Environmental Violations

Freeport-Mcmoran Inc 0.14%
Johnson & Johnson 0.33%
Motorola Solutions Inc 0.09%
Nestle SA 0.29%
Uber Technologies Inc 0.08%

Animal Testing

Air Liquide SA 0.14%
Coca-Cola Co 0.20%
Dow Inc 0.15%
Dupont De Nemours Inc 0.12%
Ecolab Inc 0.12%
Givaudan SA 0.12%
Hp Inc 0.09%
Johnson & Johnson 0.33%
Koninklijke Dsm N.V. 0.13%
L'Oreal SA 0.13%
LVMH Moet Hennessy Louis Vuitton SA 0.17%
Linde PLC 0.21%
Mondelez International Inc 0.13%
Nestle SA 0.29%
PPG Industries Inc 0.11%
Pepsico Inc 0.21%
Procter & Gamble Co. 0.23%
Sherwin-Williams 0.13%
Shin-Etsu Chemical 0.13%
Unilever PLC 0.14%

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

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:

  • Vanguard Ethically Conscious Gbl Agg Bond Index Fund NZD Hgd
    Australia Fund
    21.6%
  • Vanguard Int'L Prop Sec. Index Fund (AUD Hgd)
    Australia Fund
    2.03%
  • NZ Cash (BNZ Bank Trust Account)
    New Zealand Cash and Equivalents A-1+
    2.0%
  • Apple Inc.
    United States International Equities
    1.71%
  • Fisher & Paykel Healthcare Corporation Ltd
    New Zealand Australasian Equities
    1.39%
  • Microsoft Corporation
    United States International Equities
    1.35%
  • NZ Govt Stock 2.75% 15/04/2025
    New Zealand NZ Fixed Interest AAA
    1.27%
  • NZ Govt Stock 3.50% 14/04/2033
    New Zealand NZ Fixed Interest AAA
    1.23%
  • NZ Govt Stock 0.50% 15/05/2024
    New Zealand NZ Fixed Interest AAA
    1.18%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    0.95%

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 5.0% 9.91%
New Zealand Fixed Interest 17.0% 14.19%
International Fixed Interest 23.0% 21.59%
Australasian Equities 18.0% 16.36%
International Equities 32.0% 34.0%
Listed Properties 5.0% 3.95%
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 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:
    0.00%
  • Alcohol:
    0.62%
  • Animal Testing:
    3.50%
  • Fossil Fuels:
    0.01%
  • Gambling:
    0.43%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    1.00%
  • Palm Oil:
    0.01%
  • 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 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

"The Default Saver Fund invests in a balanced mix of income assets and growth assets. It is suited to investors looking for a medium level of risk and are willing to accept a medium level of returns."

Value $390M NZD
Period of data report Thu March 31st 2022
Members 48,527
Fund started Tue Jan. 12th 2021
Total annual fund fees 0.35%
Total performance based fees 0.0%
Manager's basic fee 0.35%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Nic Craven

Currently: Chief Investment Officer, Booster Financial Services Limited (0 years, 8 months)
Previously: Senior Manager - Research, Booster Financial Services Limited (3 years, 2 months)

David Beattie

Currently: Principal, Booster Financial Services Limited (3 years, 10 months)
Previously: CIO, Booster Financial Services Limited (17 years, 6 months)

Allan Yeo

Currently: Managing Director, Booster Financial Services Limited (23 years, 10 months)
Previously: Associate Director, Barclays Bank plc (2 years, 0 months)

Aaron Usher

Currently: Portfolio Strategy Manager, Booster Financial Services Limited (0 years, 8 months)
Previously: Portfolio Manager - Australasian Equities, Booster Financial Services Limited (3 years, 9 months)

Rowan Calvert

Currently: Portfolio Manager - Global Equities, Booster Financial Services Limited (4 years, 5 months)
Previously: Senior Equity Analyst, Booster Financial Services Limited (7 years, 4 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.