Lifestages Auto Option Age 65+

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Fund type: Conservative fund

Past Returns: 3.64%

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

Annual Fees: 0.87%

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

Apa Group Stapled 0.02%
Atlantia Spa Ord 0.02%
Atmos Energy Corp 0.02%
Cheniere Energy Inc 0.05%
Coca-Cola Co/The 0.02%
Coca-Cola Co/The 0.400000% 05/06/2030 0.02%
Enagas SA Ord 0.01%
Enbridge Inc 0.17%
Genesis Energy Limited 20/07/2022 1.32% 0.03%
Hong Kong and China Gas Co Ltd 0.04%
Keyera Corp 0.01%
Kinder Morgan Inc 0.07%
Loews Corp 3.200000% 05/15/2030 0.04%
National Fuel Gas 0.01%
Naturgy Energy Group SA 0.02%
Oneok Inc 0.06%
PJSC Lukoil Sponsored Adr Represen 0.01%
Pembina Pipeline Corporation 0.04%
Ptt Exploration and Production Non 0.02%
Snam Spa 0.02%
Targa Resources Corp 0.02%
Tc Energy Corporation 0.10%
The Williams Companies Inc 0.07%
Tokyo Gas Co 0.02%

Weapons

Tobacco

Alcohol

Human Rights & Environmental Violations

Johnson & Johnson 0.30%
Johnson & Johnson 1.300000% 09/01/2030 0.02%
Pg&E Corporation 0.03%
Rio Tinto Ltd 0.02%

Animal Testing

China Feihe Ltd 0.02%
Coca-Cola Co/The 0.02%
Coca-Cola Co/The 0.400000% 05/06/2030 0.02%
Estee Lauder Companies-Cl A 0.01%
Glaxosmithkline Capital 5.250000% 12/19/2033 0.01%
Hp Inc 2.650000% 06/17/2031 0.02%
Hp Inc 3.400000% 06/17/2030 0.01%
Johnson & Johnson 0.30%
Johnson & Johnson 1.300000% 09/01/2030 0.02%
Kimberly-Clark De Mexico Class A 0.01%
Pepsico 0.26%
Pepsico Inc 0.02%
Procter & Gamble 0.34%
Procter & Gamble Co/The 0.04%
Procter & Gamble Co/The 1.200000% 10/29/2030 0.02%
Ralph Lauren Corp 2.950000% 06/15/2030 0.02%
Sherwin-Williams Co/The 0.02%
Unilever PLC-Sponsored Adr 0.02%

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 8.73% 7.54%
2020 1.42% -0.39%
2019 4.58% 3.78%
2018 3.58% 1.72%
2017 4.10% 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 Fri Dec. 31st 2021.

Showing the top 10 investments for this fund:

  • Ishares Global Aggregate Bond ESG Ucits ETF NZD Hedged
    Ireland Int Fixed Interest
    14.4%
  • Harbour NZ Core Fixed Interest Fund
    New Zealand NZ Fixed Interest
    14.11%
  • Dimensional Two-Year Sustainability Fixed Interest Trust – NZD Class Units
    Australia Int Fixed Interest
    13.18%
  • Dimensional Global Sustainability Trust – NZD Hedged Class Units
    Australia International Equities
    7.25%
  • Dimensional Global Bond Sustainability Trust – NZD Class Units
    Australia Int Fixed Interest
    6.27%
  • Cash Deposit (ANZ Bank)
    New Zealand Cash and Equivalents
    2.76%
  • Kernel Global Infrastructure Fund
    New Zealand Other
    2.69%
  • Southland Building Society Term Deposit Maturity 07/12/22
    New Zealand Cash and Equivalents BBB
    2.19%
  • Southland Building Society Term Deposit Maturity 19/10/22
    New Zealand Cash and Equivalents BBB
    2.19%
  • Schroder Emerging Markets Sustainable Fund - Wholesale Class
    New Zealand International Equities
    2.14%

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 11.75% 18.65%
New Zealand Fixed Interest 18.75% 14.11%
International Fixed Interest 45.0% 33.85%
Australasian Equities 6.5% 10.4%
International Equities 18.0% 17.81%
Listed Properties 0.0% 2.49%
Unlisted Properties 0.0% 0.0%
Other 0.0% 2.69%
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.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.03%
  • Animal Testing:
    1.57%
  • Fossil Fuels:
    1.14%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.42%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.02%
  • Weapons:
    0.07%

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

"This life cycle investment stage invests 25% in the Lifestages High Growth Fund and 75% in the Lifestages Income Fund which is regarded as providing appropriate levels of risk and return for a person aged 65+."

Value $9.9M NZD
Period of data report Fri Dec. 31st 2021
Members 210
Fund started Wed Oct. 14th 2015
Total annual fund fees 0.87%
Total performance based fees 0.0%
Manager's basic fee 0.61%
Other management and administration charges 0.26%
Total other charges 24.0
Total other charges currency NZD

Key Personnel

Graham Duston

Currently: Investment Committee member (20 years, 3 months)
Previously: Chief Executive Officer Funds Administration New Zealand Ltd (current) (20 years, 3 months)

Damon O'Brien

Currently: Independent Investment Committee member (6 years, 8 months)
Previously: Chief Investment Officer Consilium Limited (9 years, 9 months)

Martin Pike

Currently: Head of Investments (6 years, 3 months)
Previously: National Manager Investment Product & Services AMP Financial Services (2 years, 4 months)

Mike Skilling

Currently: Non-executive Director / Investment Committee chairperson (5 years, 7 months)
Previously: GM Business Financial Services & Private Banking BNZ (8 years, 0 months)

Derek Young

Currently: Investment Committee member (17 years, 6 months)
Previously: Executive Director Funds Administration New Zealand Ltd (current) (17 years, 6 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.

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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.