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
Apache Corp 4.2500% Mat 01/15/2044 0.01%
Apache Corp 4.7500% Mat 04/15/2043 0.03%
Apache Corp 5.3500% Mat 07/01/2049 0.01%
Dominion Energy Gas Holdings Llc 0.04%
Enbridge, Inc. 0.02%
Enel Finance International Nv 0.12%
Exxon Mobil Corporation 3.4520% Mat 04/15/2051 0.05%
Hess Corp 5.60Pct Maturing 15/ 5.6000% Mat 02/15/2041 0.02%
Hess Corp 5.80Pct Mat 01/04/47 5.8000% 0.01%
Nextera Energy Capital Holdings, Inc. 0.11%
Occidental Petroleum Corp 4.4000% Mat 04/15/2046 0.03%
Occidental Petroleum Corp 4.4000% Mat 08/15/2049 0.01%
Petrobras Global Finance 6.75P 6.7500% Mat 12/03/2049 0.05%
Petrobras Global Finance Bv 0.03%
Petroleos Mexicanos (144A) 7.6900% Mat 01/23/2050 0.08%
Petroleos Mexicanos 6.7500% Mat 09/21/2047 0.02%
Total Capital Intl SA 3.127Pct 3.1270% Mat 11/29/2049 0.04%
Weapons
Boeing Co 3.9500% Mat 08/01/2059 0.02%
General Dynamics Corp 4.2500% Mat 04/01/2040 0.01%
The Boeing Company 5.7050% Mat 05/01/2040 0.02%
The Boeing Company 5.8050% Mat 05/01/2050 0.03%
The Boeing Company 5.9300% Mat 05/01/2060 0.02%
Tobacco
Gambling
Alcohol
Anheuser Busch Inbev Wor 4.60P 4.6000% Mat 12/01/2059 0.02%
Anheuser-Busch Inbev Worldwide Inc. 4.5000% Mat 06/01/2050 0.08%
Human Rights & Environmental Violations
Sempra Energy 0.03%
Animal Testing
Danone S.A. 0.020%
Reckitt Benckiser Treasury Services PLC 0.050%
Tesco Corporate Treasury Services PLC 0.040%
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, 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 |
|---|---|---|
| 2020 | 1.56% | 1.16% |
| 2019 | 2.36% | 1.42% |
| 2018 | 2.10% | 1.84% |
| 2017 | 1.65% | 2.14% |
| 2016 | 2.72% | 2.09% |
| 2015 | 4.23% | 4.06% |
| 2014 | 2.00% | 1.3% |
| 2013 | 3.15% | 4.06% |
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 March 31st 2020.
Showing the top 10 investments for this fund:
-
Pimco Global Bond Esg Fund
Ireland Int Fixed Interest26.62% -
Pimco Gis Global Bond Fund
Ireland Int Fixed Interest7.73% -
Legg Mason Brandywine Gofi
Ireland Int Fixed Interest7.56% -
ANZ/Udc-NZD Bank Account(S)
New Zealand Cash and Equivalents AA-1.46% -
ASB Term Deposit - 17/04/20
New Zealand Cash and Equivalents AA-1.29% -
ASB Term Deposit - 05/10/20
New Zealand Cash and Equivalents AA-1.27% -
ASB Term Deposit - 11/08/20
New Zealand Cash and Equivalents AA-1.19% -
NZ Government Inflation Index Bond - 20/09/25
New Zealand NZ Fixed Interest AA+1.15% -
Local Government Funding Agency - 15/04/24
New Zealand NZ Fixed Interest AA+0.91% -
Auckland Council - 10/07/25
New Zealand Cash and Equivalents AA0.89%
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Tue March 31st 2020.
How the money in this fund is invested against the fund's targets.
Target
Actual
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 30.0% | 30.0% |
| New Zealand Fixed Interest | 35.0% | 28.0% |
| International Fixed Interest | 35.0% | 42.0% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 0.0% | 0.0% |
| 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 March 31st 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 concernDoes this fund say it excludes this?Actual holdings
-
Adult Entertainment/Pornography:0.00%
-
Alcohol:0.11%
-
Animal Testing:0.18%
-
Fossil Fuels:0.74%
-
Gambling:0.01%
-
GMOs:0.00%
-
Human Rights & Environmental Violations:0.04%
-
Palm Oil:0.00%
-
Tobacco:0.01%
-
Weapons:0.10%
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, Sustainalytics 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 Income Fund invests solely in income assets (fixed interest mortgages and cash). It is designed to have a low risk profile and to appeal to investors close to retirement (who consider they may not have enough time to ride out investment highs or lows) or are more risk averse."
| Value | $6.8M NZD |
| Period of data report | Tue March 31st 2020 |
| Members | 418 |
| Fund started | Sun April 1st 2012 |
| Total annual fund fees | 0.8% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.8% |
| Administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Simon Brodie |
Currently: Licensed Independent Trustee (4 years, 1 months) |
|
Brendan O'Donovan |
Currently: Chair of Investment Committee (0 years, 10 months) |
|
Manher Sukha |
Currently: Investment Manager (5 years, 10 months) |
|
Garry Gould |
Currently: Investment Manager (8 years, 11 months) |
|
Mark Wilcox |
Currently: Chief Executive (6 years, 5 months) |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue March 31st 2020.
Downloads
Download the fund's disclosure statement and portfolio holdings.
