QuayStreet Altum Fund

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Fund type: Growth fund

Past Returns: 7.85%

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

Annual Fees: 1.68%

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

Antero Resources Corporation 0.07%
Apa Corp. 0.09%
Callon Petroleum Company 0.11%
Centennial Resource Development Inc. Class A 0.07%
Chevron Corporation 0.07%
Cnx Resources Corporation 0.05%
Conocophillips 0.08%
Continental Resources Inc. 0.07%
Cvr Energy Inc. 0.02%
Delek US Holdings Inc 0.02%
Denbury Inc. 0.06%
Devon Energy Corporation 0.09%
Diamondback Energy Inc. 0.09%
Eog Resources Inc. 0.08%
Eqt Corporation 0.06%
Exxon Mobil Corporation 0.07%
Hess Corporation 0.07%
Hollyfrontier Corporation 0.07%
Kosmos Energy Ltd. 0.03%
Laredo Petroleum Inc. 0.05%
Magnolia Oil & Gas Corp. Class A 0.03%
Marathon Oil Corporation 0.09%
Marathon Petroleum Corporation 0.07%
Matador Resources Company 0.07%
Murphy Oil Corporation 0.08%
New Fortress Energy Inc. Class A 0.02%
Northern Oil and Gas Inc. 0.02%
Oasis Petroleum Inc 0.03%
Occidental Petroleum Corporation 0.07%
Ovintiv Inc 0.07%
Pbf Energy Inc. Class A 0.08%
Pdc Energy Inc. 0.05%
Phillips 66 0.07%
Pioneer Natural Resources Company 0.07%
Range Resources Corporation 0.08%
Santos 7.48%
Sm Energy Company 0.10%
Southwestern Energy Company 0.06%
Talos Energy Inc. 0.01%
Tellurian Inc. 0.07%
Texas Pacific Land Corporation 0.05%
Valero Energy Corporation 0.07%
Whiting Petroleum Corporation 0.04%

Gambling

Aristocrat Leisure 3.37%
Draftkings 2.14%

Human Rights & Environmental Violations

Chevron Corporation 0.07%

Animal Testing

Chevron Corporation 0.07%
Hollyfrontier Corporation 0.07%

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 Sept. 30th 2021 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
2021 28.03% 26.4%
2020 -3.79% -1.94%
2019 7.09% -0.91%
2018 8.01% 13.32%
2017 9.24% 6.0%
2016 3.62% 11.2%

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 Dec. 31st 2021.

Showing the top 10 investments for this fund:

  • Cash ANZNZ (NZD)
    New Zealand Cash and Equivalents AA-
    16.54%
  • Mainfreight
    New Zealand Australasian Equities
    7.9%
  • Ebos Group
    New Zealand Australasian Equities
    7.19%
  • Macquarie Group
    Australia Australasian Equities
    7.12%
  • Santos
    Australia Australasian Equities
    6.54%
  • CSL
    Australia Australasian Equities
    6.27%
  • Straumann Holding
    Switzerland International Equities
    5.63%
  • Telix Pharmaceuticals
    Australia Australasian Equities
    5.12%
  • Alphabet
    United States International Equities
    4.65%
  • Cash Citibank (AUD)
    New Zealand Cash and Equivalents BBB+
    3.67%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Dec. 31st 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 23.74%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 1.97%
Australasian Equities 100.0% 53.11%
International Equities 0.0% 21.18%
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 Fri Dec. 31st 2021.

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:
    0.00%
  • Animal Testing:
    0.14%
  • Fossil Fuels:
    10.13%
  • Gambling:
    5.51%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.07%
  • 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 Sept. 30th 2021 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 QuayStreet Altum Fund invests in a concentrated portfolio of Australasian shares that can also include international shares cash fixed interest investments and derivatives. The investment objective is to provide returns above the fund’s benchmark over the long term."

Value $5.5M NZD
Period of data report Fri Dec. 31st 2021
Members 243
Fund started Mon Oct. 6th 2014
Total annual fund fees 1.68%
Total performance based fees 0.41%
Manager's basic fee 1.11%
Other management and administration charges 0.16%
Total other charges 34.57
Total other charges currency NZD

Key Personnel

Andrew South

Currently: Director/Chief Investment Officer (0 years, 5 months)
Previously: Investment Manager Australasian Equities QuayStreet Asset Management Limited (7 years, 1 months)

Roy Cross

Currently: Head of Fixed Interest (0 years, 5 months)
Previously: Senior Analyst QuayStreet Asset Management Limited (7 years, 1 months)

Stefan Stevanovic

Currently: Head of International Equity (0 years, 5 months)
Previously: Senior Analyst QuayStreet Asset Management Limited (7 years, 1 months)

Xavier Waterstone

Currently: Head of Research (0 years, 5 months)
Previously: Senior Analyst QuayStreet Asset Management Limited (2 years, 11 months)

Craig Smith

Currently: Fixed Income Analyst (0 years, 5 months)
Previously: Senior Analyst Melville Douglas Investment Management (5 years, 11 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Dec. 31st 2021.

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.