Funds
Lifestages Auto Option Age 65+
Issues of concern
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.
Key:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- Contact Energy Limited 1.37%
- Enbridge Inc 0.30%
- National Grid PLC Ord 0.17%
- Tc Energy Corporation 0.17%
- Sempra Energy 0.15%
- Cheniere Energy Inc 0.13%
- The Williams Companies Inc 0.12%
- Kinder Morgan Inc 0.11%
- Consolidated Edison Inc 0.10%
- Fortis Inc 0.07%
- Oneok Inc 0.07%
- Pembina Pipeline Corporation 0.07%
- BHP Group Limited 0.06%
- Atmos Energy Corp 0.04%
- Targa Resources Corp 0.04%
- Hong Kong and China Gas Co Ltd 0.03%
- Nisource Inc 0.03%
- Reliance Industries Ltd 0.03%
- Snam Spa 0.03%
- Vale Adr Representing One SA 0.03%
- Ampol Ltd 0.02%
- Apa Group Stapled 0.02%
- Keyera Corp 0.02%
- Loews Corp 3.200000% 05/15/2030 0.02%
- Petroleo Brasileiro Adr Reptg SA 0.02%
- Tokyo Gas Co 0.02%
- Apa Group 0.01%
- Enagas SA Ord 0.01%
- Naturgy Energy Group SA 0.01%
- Valero Energy Corp 0.01%
- Viva Energy Group Ltd 0.01%
Weapons
- Wal-Mart Stores Inc 0.30%
- Walmart Inc 0.03%
- Dick'S Sporting Goods 3.150000% 01/15/2032 0.02%
Human Rights & Environmental Violations
- Johnson & Johnson 0.33%
- Meta Platforms Inc 0.18%
- Caterpillar Incorporated 0.12%
- Credit Suisse Group AG 3.750000% 03/26/2025 0.10%
- Johnson & Johnson Com US$1 0.07%
- BHP Group Limited 0.06%
- Pg&E Corporation 0.06%
- Wells Fargo & Company 2.509000% 10/27/2023 0.05%
- Wells Fargo & Company 3.184000% 02/08/2024 0.04%
- Rio Tinto Ltd 0.03%
- Thermo Fisher Scientific 2.000000% 04/15/2025 0.03%
- Vale Adr Representing One SA 0.03%
- Activision Blizzard Inc 0.02%
- Credit Suisse New York 2.950000% 04/09/2025 0.02%
- Petroleo Brasileiro Adr Reptg SA 0.02%
- Thermo Fisher Scientific 2.375000% 04/15/2032 0.02%
- Thermo Fisher Scientific Inc 0.02%
- Caterpillar Inc 0.01%
- Johnson & Johnson 3.550000% 03/01/2036 0.01%
- Rio Tinto PLC Ord 10P Gbp 0.01%
- Wells Fargo & Company 0.01%
Animal Cruelty
- Procter & Gamble Co 0.39%
- Pepsi Co Inc 0.34%
- Coca-Cola Co/The 3.250000% 06/11/2024 0.12%
- Pvh Corp 3.625000% 07/15/2024 0.09%
- Procter & Gamble Company 0.04%
- Coca Cola Co USD 0.02%
- Jab Holdings Bv 1.625000% 04/30/2025 0.02%
- Pepsico Inc Cap US$0.01 2/3 0.02%
- Reliance Industries Ltd 0.02%
- Sherwin Williams Com Usd1 0.02%
- Unilever PLC 0.02%
- Colgate Palmolive Usd1 0.01%
- General Mills Inc 0.01%
- Pvh Corp 3.125000% 12/15/2027 0.01%
- Ralph Lauren Corp 2.950000% 06/15/2030 0.01%
This data is compiled by Mindful Money from the fund information and portfolios
that each KiwiSaver fund has
filed with the Disclose register to 30th Sept. 2022 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.
The listing of companies of concern is based on definitions used in Mindful Money's
methodology. These definitions may
be different from the exclusions policy and definitions applied by the fund provider.
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.
About this fund
In their own words
This life cycle investment stage invests 30% in the Lifestages High Growth Fund and 70% in the Lifestages Income Fund, which is regarded as providing appropriate levels of risk and return for a person aged 65+.
| Value | $8.1M NZD |
| Period of data report | 31st Dec. 2022 |
| Members | 255 |
| Fund started | 14th Oct. 2015 |
| Total annual fund fees | 0.88% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.59% |
| Other management and administration charges | 0.29% |
| Total other charges | 24.0 |
| Total other charges currency | NZD |
Key Personnel
|
Graham Duston |
Currently: Investment Committee member (21 years, 3 months) |
|
Damon O'Brien |
Currently: Independent Investment Committee member (7 years, 8 months) |
|
Martin Pike |
Currently: Head of Investments (7 years, 3 months) |
|
Mike Skilling |
Currently: Non-executive Director / Investment Committee chairperson (6 years, 7 months) |
|
Derek Young |
Currently: Investment Committee member (18 years, 6 months) |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.
Investment Exclusions
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).
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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.
| Issue of concern | Does this fund say it excludes this? | Actual holdings |
|---|---|---|
| Adult Entertainment /Pornography | 0.00% | |
| Alcohol | 0.02% | |
| Animal Cruelty | 1.50% | |
| Fossil Fuels | 3.59% | |
| Gambling | 0.00% | |
| GMOs | 0.01% | |
| Human Rights & Environmental Violations | 1.43% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.01% | |
| Weapons | 0.44% |
This data is compiled by Mindful Money from the fund information and portfolios
that each KiwiSaver fund has
filed with the Disclose register to 30th Sept. 2022 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 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.
Past Returns
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 |
|---|---|---|
| 2022 | 0.35% | -1.21% |
| 2021 | 16.60% | 7.54% |
| 2020 | -1.09% | -0.39% |
| 2019 | 5.56% | 3.78% |
| 2018 | 5.28% | 1.72% |
| 2017 | 5.86% | 4.05% |
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 31st Dec. 2022.
Top 10 Investments
-
Dimensional Two-Year Sustainability Fixed Interest Trust – NZD Class Units
Australia Int Fixed Interest15.71% -
Harbour NZ Core Fixed Interest Fund
New Zealand NZ Fixed Interest14.01% -
Ishares Global Aggregate Bond ESG Ucits ETF NZD Hedged
Ireland Int Fixed Interest13.42% -
Dimensional Global Sustainability PIE Fund (NZD Hedged)
New Zealand International Equities8.98% -
Dimensional Global Bond Sustainability Trust – NZD Class Units
Australia Int Fixed Interest8.6% -
Cash Deposit (ANZ Bank)
New Zealand Cash and Equivalents3.36% -
Kernel Global Infrastructure (NZD Hedged) Fund
New Zealand Other2.78% -
Schroder Emerging Markets Sustainable Fund - Wholesale Class
Australia International Equities2.17% -
Dimensional Australian Sustainability Trust
Australia Australasian Equities1.46% -
Southland Building Society Term Deposit Maturity 19/10/23
New Zealand Cash and Equivalents BBB1.34%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 11.1% | 10.52% |
| New Zealand Fixed Interest | 17.5% | 14.7% |
| International Fixed Interest | 42.0% | 37.73% |
| Australasian Equities | 7.8% | 11.89% |
| International Equities | 21.6% | 20.3% |
| Listed Properties | 0.0% | 2.08% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 2.78% |
| Commodities | 0.0% | 0.0% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.