QuayStreet Income Fund

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Not Mindful
Type: Defensive fund
Past Returns: 3.91%

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

Annual Fees: 0.77%

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

Apt Pipelines (March 2025) 2.81%
Genesis Energy (Jul 2022) 1.05%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed March 31st 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 1.53% 6.4%
2020 1.60% -0.04%
2019 2.29% 5.37%
2018 2.00% 2.98%
2017 1.53% 4.38%
2016 2.72% 4.94%

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 Wed March 31st 2021.

Showing the top 10 investments for this fund:

  • Cash ANZNZ (NZD)
    New Zealand Cash and Equivalents AA-
    5.09%
  • ANZ New Zealand Term Deposit 1.3% 23/7/2021
    New Zealand Cash and Equivalents AA-
    3.5%
  • ASB Subordinated Notes (Dec 2026)
    New Zealand NZ Fixed Interest BBB+
    3.14%
  • Scentre Group Subordinated Notes (Sep 2080)
    Australia Int Fixed Interest BBB+
    3.13%
  • Apt Pipelines (March 2025)
    Australia Int Fixed Interest BBB
    2.81%
  • Sydney Airport Inflation Linked (Nov 2030)
    Australia Int Fixed Interest BBB+
    2.72%
  • Seek Subordinated Notes (June 2026)
    Australia Int Fixed Interest
    2.66%
  • Z Energy (Nov 2021)
    New Zealand NZ Fixed Interest
    2.39%
  • Vector (Mar 2024)
    New Zealand NZ Fixed Interest BBB
    2.29%
  • Powerco (Sep 2022)
    New Zealand NZ Fixed Interest BBB
    2.27%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 15.88%
New Zealand Fixed Interest 70.0% 38.96%
International Fixed Interest 0.0% 37.96%
Australasian Equities 10.0% 2.33%
International Equities 0.0% 0.0%
Listed Properties 10.0% 4.87%
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 Wed March 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:
    0.00%
  • Fossil Fuels:
    3.86%
  • 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 Wed March 31st 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 Income Fund invests in a diversified portfolio with an emphasis on income producing assets which may include listed property equities and derivatives. The investment objective is to provide returns above the Fund’s benchmark taking into account the prevailing short-term interest rates while preserving the real value of investments relative to inflation. The Fund aims to make quarterly distributions."

Value $1.4M NZD
Period of data report Wed March 31st 2021
Members 52
Fund started Tue March 10th 2015
Total annual fund fees 0.77%
Total performance based fees 0.0%
Manager's basic fee 0.63%
Other management and administration charges 0.14%
Total other charges 34.57
Total other charges currency NZD

Key Personnel

James Ring

Currently: Investment Manager International Equities (6 years, 9 months)
Previously: Investment Manager Rank Group Limited (1 years, 0 months)

Andrew South

Currently: Investment Manager Australasian Equities (6 years, 9 months)
Previously: Chief Investment Officer Brook Asset Management Limited (4 years, 1 months)

Roy Cross

Currently: Senior Analyst (6 years, 9 months)
Previously: Senior Analyst Brook Asset Management Limited (8 years, 7 months)

Stefan Stevanovic

Currently: Senior Analyst (6 years, 9 months)
Previously: Research Analyst Brook Asset Management Limited (6 years, 7 months)

Xavier Waterstone

Currently: Senior Analyst (2 years, 7 months)
Previously: Senior Analyst Diogenes Research Pty Limited (1 years, 6 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed March 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.