Mindful Fund
Fund type: Conservative fund
Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
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.
Human Rights & Environmental Violations
Uber Technologies Inc 0.32%
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 | -0.92% | 0.01% |
2021 | 8.73% | 11.34% |
2020 | 1.42% | 1.56% |
2019 | 4.58% | 6.81% |
2018 | 3.58% | 4.53% |
2017 | 4.10% | 1.79% |
2016 | 3.52% | 7.57% |
2015 | 8.10% | 8.95% |
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:
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ASB NZ Dollar Cash Account
New Zealand Cash and Equivalents A15.57% -
Infratil
New Zealand Australasian Equities3.28% -
Iag Jun 2038 Bonds
Australia Int Fixed Interest BBB2.51% -
Salvation Army Sep 2025 Bonds
New Zealand NZ Fixed Interest2.45% -
Contact Energy Capital Bonds
New Zealand NZ Fixed Interest BB+2.33% -
Centuria Industrial Property Dec 2027
Australia Int Fixed Interest BBB2.06% -
Investore Property Feb 2027 Bonds
New Zealand NZ Fixed Interest1.93% -
Elim Education Oct 2026 Bonds
New Zealand NZ Fixed Interest1.79% -
Vector Energy Mar 2024 Bonds
New Zealand NZ Fixed Interest BBB1.76% -
Infratil Dec 2026 Bonds
New Zealand NZ Fixed Interest1.66%
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% | 3.19% |
New Zealand Fixed Interest | 62.5% | 58.38% |
International Fixed Interest | 0.0% | 5.52% |
Australasian Equities | 10.0% | 13.64% |
International Equities | 12.5% | 13.43% |
Listed Properties | 10.0% | 5.68% |
Unlisted Properties | 0.0% | 0.16% |
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.
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Issue of concernDoes this fund say it excludes this?Actual holdings
-
Adult Entertainment/Pornography:0.00%
-
Alcohol:0.00%
-
Animal Testing:0.00%
-
Fossil Fuels:0.00%
-
Gambling:0.00%
-
GMOs:0.00%
-
Human Rights & Environmental Violations:0.32%
-
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 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 fund aims to provide a conservative investment return for you through investment in mostly income assets. The portfolio is actively managed and includes cash, fixed interest, property (including aged care) and infrastructure assets, Australasian equities and international equities. Generate is an award-winning New Zealand owned KiwiSaver and wealth manager, with a track record of strong long-term performance through responsible investments. We are ‘active’ fund managers, which means we research and choose what we think are the best investments in New Zealand and globally and then we keep on top of them, every day."
Value | $560M NZD |
Period of data report | Thu March 31st 2022 |
Members | 26,182 |
Fund started | Tue April 16th 2013 |
Total annual fund fees | 1.2% |
Total performance based fees | 0.0% |
Manager's basic fee | 1.0% |
Other management and administration charges | 0.2% |
Total other charges | 36.0 |
Total other charges currency | NZD |
Key Personnel
Sam Goldwater |
Currently: Lead Portfolio Manager/Investment Committee Member/Executive Director (9 years, 0 months) |
Daniel Frost |
Currently: Portfolio Manager - Property & Infrastructure, Australasian Equities (4 years, 2 months) |
Andrew Bolland |
Currently: Portfolio Manager - Property & Infrastructure, Australasian Equities (2 years, 8 months) |
Ayrton Oliver |
Currently: Portfolio Manager - Fixed Income (0 years, 11 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.