QuayStreet International Equity Fund

Not Mindful

Type: Aggressive fund

Past Returns: 5.46%

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

Annual Fees: 1.28%

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

Aes Corp 0.02%
Alliant Energy Corp 0.02%
Ameren Corp 0.03%
American Electric Power Inc 0.06%
Cabot Oil & Gas Corp 0.01%
Chevron Corp 0.27%
Cms Energy Corp 0.03%
Concho Resources Inc 0.02%
Conocophillips 0.07%
Diamondback Energy Inc 0.01%
Dominion Energy Inc 0.11%
Dte Energy 0.03%
Eog Resources Inc 0.05%
Evergy Inc 0.02%
Exxon Mobil Corp 0.31%
Firstenergy Corp 0.03%
Hess Corp 0.02%
Kinder Morgan Inc 0.05%
Lyondellbasell Industries Nv Class 0.03%
Marathon Petroleum Corp 0.04%
Nextera Energy Inc 0.19%
Nrg Energy Inc 0.01%
Occidental Petroleum Corp 0.03%
Oneok Inc 0.02%
Phillips 0.05%
Pioneer Natural Resource 0.02%
Valero Energy Corp 0.04%
Wec Energy Group Inc 0.05%
Williams Inc 0.04%
Xcel Energy Inc 0.05%

Weapons

Boeing 0.16%
General Dynamics Corp 0.06%
Honeywell International Inc 0.16%
Huntington Ingalls Industries Inc 0.01%
Jacobs Engineering Group Inc 0.02%
L3Harris Technologies Inc 0.06%
Leidos Holdings Inc 0.02%
Lockheed Martin Corp 0.15%
Northrop Grumman Corp 0.08%
Raytheon Technologies Corp 0.15%
Teledyne Technologies Inc 0.02%
Textron Inc 0.01%
Transdigm Group Inc 0.04%

Tobacco

Altria Group Inc 0.12%
Philip Morris International Inc 0.18%

Gambling

Las Vegas Sands Corp 0.03%
Mgm Resorts International 0.01%
Wynn Resorts Ltd 0.01%

Alcohol

Altria Group Inc 0.12%
Brown Forman Corp Class B 0.02%
Constellation Brands Inc Class A 0.05%
Molson Coors Brewing Class B 0.01%

GMOs

Dupont De Nemours Inc 0.06%
Nutrien Ltd 0.28%

Human Rights & Environmental Violations

Archer Daniels Midland 0.04%
Chevron Corp 0.27%
Duke Energy Corp 0.10%
Freeport Mcmoran Inc 0.02%
Johnson & Johnson 0.60%
Nutrien Ltd 0.28%
Sempra Energy 0.06%

Animal Testing

Air Products and Chemicals Inc 0.080%
Albemarle Corp 0.010%
Altria Group Inc 0.120%
Archer Daniels Midland 0.040%
Cabot Oil & Gas Corp 0.010%
Chevron Corp 0.270%
Church and Dwight Inc 0.030%
Clorox 0.040%
Coca-Cola 0.280%
Colgate-Palmolive 0.100%
Ecolab Inc 0.080%
Estee Lauder Inc Class A 0.070%
Fmc Corp 0.020%
General Mills Inc 0.060%
Honeywell International Inc 0.160%
International Flavors & Fragrances 0.020%
Johnson & Johnson 0.600%
Kimberly Clark Corp 0.080%
Kraft Heinz 0.030%
Pepsico Inc 0.290%
Philip Morris International Inc 0.180%
PPG Industries Inc 0.040%
Procter & Gamble 0.470%

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 March 31st 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.

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	-7.41%	3.17%
2019	10.11%	6.31%
2018	6.68%	6.91%
2017	11.18%	9.59%
2016	4.51%	2.9%
2015	15.30%	13.37%
2014	10.31%	4.29%
2013	13.23%	14.53%
2012	-5.15%	-5.92%
2011	7.61%	5.12%

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:

Ishares Core S&P 500 ETF
United States International Equities

43.56%
Msci Eafe Incl Canada Trs
United States International Equities

27.87%
Cash ANZNZ (NZD)
New Zealand Cash and Equivalents

9.91%
ANZ New Zealand Term Deposit 1.32% 24/07/2020
New Zealand Cash and Equivalents

8.72%
ASB Term Deposit 2.32% 24/7/2020
New Zealand Cash and Equivalents

6.6%
Cash Citibank (USD)
New Zealand Cash and Equivalents

4.94%
Spdr Gold Shares Fund
United States International Equities

4.02%
Ishares Msci India ETF
New Zealand International Equities

2.18%
Ishares Msci Brazil ETF
Brazil International Equities

2.02%
Cash Citi Margin (USD)
New Zealand Cash and Equivalents

1.89%

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

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

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	0.0%	8.03%
New Zealand Fixed Interest	0.0%	0.0%
International Fixed Interest	0.0%	0.0%
Australasian Equities	0.0%	0.0%
International Equities	100.0%	91.97%
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 Tue June 30th 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:

0.20%
Animal Testing:

3.09%
Fossil Fuels:

1.80%
Gambling:

0.05%
GMOs:

0.34%
Human Rights & Environmental Violations:

1.37%
Palm Oil:

0.00%
Tobacco:

0.30%
Weapons:

0.94%

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 International Equity Fund invests in a portfolio of shares from the international market, diversifying investors away from the New Zealand dollar. The investment objective is to provide a level of return over the long term above the Fund’s benchmark."

Value	$11M NZD
Period of data report	Tue June 30th 2020
Members	540
Fund started	Mon Nov. 16th 2009
Total annual fund fees	1.28%
Total performance based fees	0.0%
Manager's basic fee	1.17%
Administration charges	0.11%
Total other charges	35.49
Total other charges currency	NZD

Key Personnel

James Ring	Currently: Investment Manager International Equities (6 years, 0 months) Previously: Investment Manager, Rank Group Limited (1 years, 0 months)
Andrew South	Currently: Investment Manager Australasian Equities (6 years, 0 months) Previously: Chief Investment Officer, Brook Asset Management Limited (4 years, 1 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)
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.

Downloads

Download the fund's disclosure statement and portfolio holdings.