Westpac CPP Fund No. 5

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Not Mindful
Type: Aggressive fund
Past Returns: 4.91%

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

Annual Fees: 1.53%

Annual fees, including any membership and % management 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

American Electric Power Company, Inc. 0.08%
Anglo American PLC 0.06%
BHP Group PLC 0.03%
Clp Holdings Limited 0.01%
Devon Energy Corporation 0.02%
Enagas SA 0.03%
Enerplus Corporation 0.02%
Engie SA 0.04%
Eni S.P.A. 0.03%
Exxon Mobil Corporation 0.02%
Japan Petroleum Exploration Co., Ltd. 0.03%
Kinder Morgan Inc Class P 0.07%
Kunlun Energy Co. Ltd. 0.01%
Magellan Midstream Partners, L.P. 0.07%
Marubeni Corporation 0.03%
Nextera Energy, Inc. 0.16%
Reliance Industries Limited Sponsored Gdr 144A 0.02%
Royal Dutch Shell PLC Class B 0.02%
Rwe AG 0.06%
Southwestern Energy Company 0.02%

Weapons

Booz Allen Hamilton Holding Corporation Class A 0.02%
Chemring Group PLC 0.05%
Teledyne Technologies Incorporated 0.01%

Gambling

Galaxy Entertainment Group Limited 0.08%
Genting Bhd. 0.03%
Genting Singapore Limited 0.03%
Kangwon Land, Inc. 0.02%
Las Vegas Sands Corp. 0.04%
Melco Resorts and Entertainment Ltd Shs Sponsored American Deposit Receipt Repr 3 Shs 0.06%
Mgm China Holdings Limited 0.03%
Playtech PLC 0.03%
Sands China Ltd. 0.02%
Sky City Entertainment Group 0.42%
Wynn Macau Ltd. 0.03%
Wynn Resorts, Limited 0.01%

Alcohol

Ambev SA 0.03%
Ambev SA Sponsored Adr 0.07%
Carlsberg A/S Class B 0.12%
Davide Campari-Milano S.P.A. 0.05%
Diageo PLC 0.34%
Heineken Nv 0.12%
LVMH Moet Hennessy Louis Vuitton Se 0.43%
Pernod Ricard SA 0.27%

Palm Oil

Genting Bhd. 0.03%
Malaysia Airports Holdings Bhd. 0.02%

GMOs

Basf Se 0.03%
Bayer AG 0.36%
Genting Bhd. 0.03%
Novartis AG 0.09%
Stora Enso Oyj Class R 0.05%

Human Rights & Environmental Violations

Barrick Gold Corporation 0.01%
BHP Group PLC 0.03%
Freeport-Mcmoran, Inc. 0.06%
Genting Bhd. 0.03%
Jbs S.A. 0.02%
Johnson & Johnson 0.34%
Nestle S.A. 0.60%
Petroleo Brasileiro SA Pfd 0.03%
Rio Tinto PLC 0.07%
Royal Dutch Shell PLC Class B 0.02%
Tokyo Electric Power Company Holdings, Incorporated 0.01%

Animal Testing

Air Liquide SA 0.160%
Akzo Nobel N.V. 0.140%
Basf Se 0.030%
Bayer AG 0.360%
Beiersdorf AG 0.060%
Burberry Group PLC 0.050%
Church & Dwight Co., Inc. 0.010%
Coca-Cola Bottlers Japan Holdings Inc. 0.030%
Coca-Cola Company 0.070%
Coca-Cola Hbc AG 0.030%
Colgate-Palmolive Company 0.320%
Danone SA 0.220%
Ecolab Inc. 0.080%
Estee Lauder Companies Inc. Class A 0.080%
General Mills, Inc. 0.060%
Givaudan SA 0.070%
Glaxosmithkline PLC 0.020%
Henkel AG & Co. Kgaa 0.030%
Johnson & Johnson 0.340%
Kikkoman Corporation 0.050%
Kimberly-Clark Corporation 0.030%
Kraft Heinz Company 0.030%
L'Oreal SA 0.060%
LVMH Moet Hennessy Louis Vuitton Se 0.430%
Nestle S.A. 0.600%
Pepsico, Inc. 0.100%
PPG Industries, Inc. 0.130%
Procter & Gamble Company 0.240%
Reckitt Benckiser Group PLC 0.300%
Royal Dutch Shell PLC Class B 0.020%
Symrise AG 0.060%
Tesco PLC 0.010%
Unilever Nv 0.060%

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

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
2020 -7.41% -5.01%
2019 10.11% 7.25%
2018 6.68% 12.49%
2017 11.18% 9.09%
2016 4.51% 4.72%
2015 15.30% 17.7%
2014 10.31% 13.19%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    6.28%
  • A2 Milk Company Ltd
    New Zealand Australasian Equities
    5.63%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    3.69%
  • Ebos Group Ltd
    New Zealand Australasian Equities
    2.31%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    2.12%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    2.0%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    1.66%
  • Infratil Ltd
    New Zealand Australasian Equities
    1.33%
  • Mercury NZ Limited
    New Zealand Australasian Equities
    1.28%
  • Ryman Healthcare Ltd
    New Zealand Australasian Equities
    1.24%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Tue June 30th 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 0.83%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 40.0% 39.99%
International Equities 60.0% 59.18%
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 Tue June 30th 2020.

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:
    1.42%
  • Animal Testing:
    4.32%
  • Fossil Fuels:
    0.91%
  • Gambling:
    0.80%
  • GMOs:
    0.57%
  • Human Rights & Environmental Violations:
    1.24%
  • Palm Oil:
    0.06%
  • Tobacco:
    0.00%
  • 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 Tue March 31st 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 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

"The CPP Fund No. 5 aims to protect each member's initial invested capital on the maturity of the fund.The assets of the fund are dynamically allocated between growth assets and zero coupon bonds or deposits according to prescribed asset allocation rules. The fund is closed to further investment and is currently expected to mature on or about 30 September 2022."

Value $19M NZD
Period of data report Tue June 30th 2020
Members 3,328
Fund started Wed Oct. 3rd 2012
Total annual fund fees 1.53%
Total performance based fees 0.0%
Manager's basic fee 0.62%
Administration charges 0.91%
Total other charges 22.0
Total other charges currency NZD

Key Personnel

Nigel Jackson

Currently: Acting Head of Investments & Insurance (3 years, 4 months)
Previously: Head of Customer Proposition (7 years, 7 months)

Francois Richeboeuf

Currently: Acting Head of Investment Solutions (0 years, 5 months)
Previously: Senior Portfolio Manager (9 years, 2 months)

Stephen Hong

Currently: Senior Portfolio Manager (7 years, 9 months)
Previously: Portfolio Manager, AXA Global Investors (5 years, 9 months)

Angelika Sansom

Currently: Investment Analytics Manager (18 years, 10 months)
Previously: Investment Consultant, Mercer (2 years, 4 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue June 30th 2020.

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.