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QuayStreet Income Fund

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Not Mindful
Type: Conservative fund
Past Returns: 2.77%

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

Annual Fees: 0.78%

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

Apt Pipelines (March 2025) 2.03%

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 June 30th 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.

A summary of this fund and its details.

Number FND827
Name QuayStreet Income Fund
Risk profile Conservative fund
Description 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
Members 53
Market index description Market Index is the NZX 90 day Bank Bill Index.
Period of data report Tue June 30th 2020
Fund started Tue March 10th 2015
Three-year average return 2.77%
Market index past year return 1.20%
Past year return net of charges and tax 0.67%
Past year return net of charges gross of tax 1.26%
Market index return since fund started 2.15%
Return since fund started net 4.57%
Total annual fund fees 0.78%
Total performance based fees 0.0%
Manager's basic fee 0.66%
Administration charges 0.12%
Total other charges 35.49
Total other charges currency NZD

Key Personnel

  • Andrew South

    Currently: Investment Manager Australasian Equities (6 years, 0 months)
    Previously: Chief Investment Officer, Brook Asset Management Limited (4 years, 1 months)

  • Andrew South

    Currently: Investment Manager Australasian Equities (6 years, 0 months)
    Previously: Chief Investment Officer, Brook Asset Management Limited (4 years, 1 months)

  • Andrew South

    Currently: Investment Manager Australasian Equities (6 years, 0 months)
    Previously: Chief Investment Officer, Brook Asset Management Limited (4 years, 1 months)

  • Andrew South

    Currently: Investment Manager Australasian Equities (6 years, 0 months)
    Previously: Chief Investment Officer, Brook Asset Management Limited (4 years, 1 months)

  • Andrew South

    Currently: Investment Manager Australasian Equities (6 years, 0 months)
    Previously: Chief Investment Officer, Brook Asset Management Limited (4 years, 1 months)

  • Andrew South

    Currently: Investment Manager Australasian Equities (6 years, 0 months)
    Previously: Chief Investment Officer, Brook Asset Management Limited (4 years, 1 months)

  • Andrew South

    Currently: Investment Manager Australasian Equities (6 years, 0 months)
    Previously: Chief Investment Officer, Brook Asset Management Limited (4 years, 1 months)

  • Andrew South

    Currently: Investment Manager Australasian Equities (6 years, 0 months)
    Previously: Chief Investment Officer, Brook Asset Management Limited (4 years, 1 months)

  • Andrew South

    Currently: Investment Manager Australasian Equities (5 years, 9 months)
    Previously: Chief Investment Officer, Brook Asset Management Limited (4 years, 1 months)

  • Andrew South

    Currently: Investment Manager Australasian Equities (6 years, 0 months)
    Previously: Chief Investment Officer, Brook Asset Management Limited (4 years, 1 months)

  • James Ring

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

  • James Ring

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

  • James Ring

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

  • James Ring

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

  • James Ring

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

  • James Ring

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

  • James Ring

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

  • James Ring

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

  • James Ring

    Currently: Investment Manager International Equities (5 years, 9 months)
    Previously: Investment Manager, Rank Group Limited (1 years, 0 months)

  • James Ring

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

  • Roy Cross

    Currently: Senior Analyst (6 years, 0 months)
    Previously: Senior Analyst, Brook Asset Management Limited (8 years, 7 months)

  • Roy Cross

    Currently: Senior Analyst (6 years, 0 months)
    Previously: Senior Analyst, Brook Asset Management Limited (8 years, 7 months)

  • Roy Cross

    Currently: Senior Analyst (6 years, 0 months)
    Previously: Senior Analyst, Brook Asset Management Limited (8 years, 7 months)

  • Roy Cross

    Currently: Senior Analyst (6 years, 0 months)
    Previously: Senior Analyst, Brook Asset Management Limited (8 years, 7 months)

  • Roy Cross

    Currently: Senior Analyst (6 years, 0 months)
    Previously: Senior Analyst, Brook Asset Management Limited (8 years, 7 months)

  • Roy Cross

    Currently: Senior Analyst (6 years, 0 months)
    Previously: Senior Analyst, Brook Asset Management Limited (8 years, 7 months)

  • Roy Cross

    Currently: Senior Analyst (6 years, 0 months)
    Previously: Senior Analyst, Brook Asset Management Limited (8 years, 7 months)

  • Roy Cross

    Currently: Senior Analyst (6 years, 0 months)
    Previously: Senior Analyst, Brook Asset Management Limited (8 years, 7 months)

  • Roy Cross

    Currently: Senior Analyst (5 years, 9 months)
    Previously: Senior Analyst, Brook Asset Management Limited (8 years, 7 months)

  • Roy Cross

    Currently: Senior Analyst (6 years, 0 months)
    Previously: Senior Analyst, Brook Asset Management Limited (8 years, 7 months)

  • Stefan Stevanovic

    Currently: Senior Analyst (6 years, 0 months)
    Previously: Research Analyst, Brook Asset Management Limited (6 years, 7 months)

  • Stefan Stevanovic

    Currently: Senior Analyst (6 years, 0 months)
    Previously: Research Analyst, Brook Asset Management Limited (6 years, 7 months)

  • Stefan Stevanovic

    Currently: Senior Analyst (6 years, 0 months)
    Previously: Research Analyst, Brook Asset Management Limited (6 years, 7 months)

  • Stefan Stevanovic

    Currently: Senior Analyst (6 years, 0 months)
    Previously: Research Analyst, Brook Asset Management Limited (6 years, 7 months)

  • Stefan Stevanovic

    Currently: Senior Analyst (6 years, 0 months)
    Previously: Research Analyst, Brook Asset Management Limited (6 years, 7 months)

  • Stefan Stevanovic

    Currently: Senior Analyst (6 years, 0 months)
    Previously: Research Analyst, Brook Asset Management Limited (6 years, 7 months)

  • Stefan Stevanovic

    Currently: Senior Analyst (6 years, 0 months)
    Previously: Research Analyst, Brook Asset Management Limited (6 years, 7 months)

  • Stefan Stevanovic

    Currently: Senior Analyst (6 years, 0 months)
    Previously: Research Analyst, Brook Asset Management Limited (6 years, 7 months)

  • Stefan Stevanovic

    Currently: Senior Analyst (5 years, 9 months)
    Previously: Research Analyst, Brook Asset Management Limited (6 years, 7 months)

  • Stefan Stevanovic

    Currently: Senior Analyst (6 years, 0 months)
    Previously: Research Analyst, Brook Asset Management Limited (6 years, 7 months)

  • Xavier Waterstone

    Currently: Senior Analyst (1 years, 10 months)
    Previously: Senior Analyst, Diogenes Research Pty Limited (1 years, 6 months)

  • Xavier Waterstone

    Currently: Senior Analyst (1 years, 10 months)
    Previously: Senior Analyst, Diogenes Research Pty Limited (1 years, 6 months)

  • Xavier Waterstone

    Currently: Senior Analyst (1 years, 10 months)
    Previously: Senior Analyst, Diogenes Research Pty Limited (1 years, 6 months)

  • Xavier Waterstone

    Currently: Senior Analyst (1 years, 10 months)
    Previously: Senior Analyst, Diogenes Research Pty Limited (1 years, 6 months)

  • Xavier Waterstone

    Currently: Senior Analyst (1 years, 10 months)
    Previously: Senior Analyst, Diogenes Research Pty Limited (1 years, 6 months)

  • Xavier Waterstone

    Currently: Senior Analyst (1 years, 10 months)
    Previously: Senior Analyst, Diogenes Research Pty Limited (1 years, 6 months)

  • Xavier Waterstone

    Currently: Senior Analyst (1 years, 10 months)
    Previously: Senior Analyst, Diogenes Research Pty Limited (1 years, 6 months)

  • Xavier Waterstone

    Currently: Senior Analyst (1 years, 10 months)
    Previously: Senior Analyst, Diogenes Research Pty Limited (1 years, 6 months)

  • Xavier Waterstone

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

  • Xavier Waterstone

    Currently: Senior Analyst (1 years, 10 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 Tue June 30th 2020.

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 1.07% -0.04%
2019 4.40% 5.37%
2018 3.80% 2.98%
2017 4.16% 4.38%
2016 3.52% 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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Cash ANZNZ (NZD)
    New Zealand Cash and Equivalents
    4.72%
  • Sydney Airport Inflation Linked (Nov 2020)
    Australia Int Fixed Interest BBB+
    3.86%
  • Apt Pipelines (March 2025)
    Australia Int Fixed Interest BBB
    3.48%
  • Mirvac (Mar 2027)
    Australia Int Fixed Interest A-
    3.24%
  • Seek Frn (April 2022)
    Australia Int Fixed Interest NR
    3.01%
  • ANZ New Zealand Term Deposit 2.11% 23/7/2020
    New Zealand Cash and Equivalents
    2.75%
  • Z Energy (Nov 2021)
    New Zealand NZ Fixed Interest
    2.69%
  • Powerco (Sep 2022)
    New Zealand NZ Fixed Interest BBB
    2.61%
  • Lend Lease (May 2026)
    Australia Int Fixed Interest BBB-
    2.59%
  • Chorus (May 2021)
    New Zealand NZ Fixed Interest BBB
    2.47%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 15.5%
New Zealand Fixed Interest 70.0% 38.0%
International Fixed Interest 0.0% 41.09%
Australasian Equities 10.0% 2.15%
International Equities 0.0% 0.0%
Listed Properties 10.0% 3.26%
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 30 June 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:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    2.03%
  • 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 Tue June 30th 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 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."

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.