Not Mindful
Fund type: Defensive 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.
Fossil Fuel
Apt Pipelines (March 2025) 2.46%
Genesis Energy (Jul 2022) 0.90%
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 | 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 Fri Dec. 31st 2021.
Showing the top 10 investments for this fund:
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Cash ANZNZ (NZD)
New Zealand Cash and Equivalents AA-7.5% -
Australian Gas Networks Inflation Linked (Aug 2025)
Australia Int Fixed Interest AA4.02% -
Kiwibank (Oct 2027)
New Zealand NZ Fixed Interest A+3.21% -
Seek Subordinated Notes (June 2026)
Australia Int Fixed Interest3.07% -
NZ Govt Inflation Linked (Sep 2030)
New Zealand NZ Fixed Interest AAA2.9% -
Sydney Airport Inflation Linked (Nov 2030)
Australia Int Fixed Interest BBB+2.69% -
Apt Pipelines (March 2025)
Australia Int Fixed Interest BBB2.43% -
Goodman Property Trust (Sep 2028)
New Zealand NZ Fixed Interest BBB+2.39% -
NZ Govt Inflation Linked (Sep 2040)
New Zealand NZ Fixed Interest AAA2.37% -
Westpac NZ Term Deposit 1.175% 27/04/2022
New Zealand Cash and Equivalents AA-2.37%
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 | 10.0% | 14.27% |
New Zealand Fixed Interest | 70.0% | 37.01% |
International Fixed Interest | 0.0% | 41.87% |
Australasian Equities | 10.0% | 1.83% |
International Equities | 0.0% | 0.0% |
Listed Properties | 10.0% | 5.02% |
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.
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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:3.37%
-
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 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 Income Fund will invest in a diversified portfolio with an emphasis on income producing assets such as New Zealand and International fixed interest investments and derivatives. The fund may include an allocation to growth assets such as listed property and equity securities. The investment objective is to provide a level of return above the fund’s benchmark and to preserve the real value of investments relative to inflation. The fund aims to make quarterly distributions."
Value | $940k NZD |
Period of data report | Fri Dec. 31st 2021 |
Members | 53 |
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
Andrew South |
Currently: Director/Chief Investment Officer (0 years, 5 months) |
Roy Cross |
Currently: Head of Fixed Interest (0 years, 5 months) |
Stefan Stevanovic |
Currently: Head of International Equity (0 years, 5 months) |
Xavier Waterstone |
Currently: Head of Research (0 years, 5 months) |
Craig Smith |
Currently: Fixed Income Analyst (0 years, 5 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.