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:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

    • Credit Suisse Group AG 0.23%
    • Credit Suisse AG 0.09%
    • Credit Suisse New York 0.03%
    • Credit Suisse AG London 0.01%
    • Boeing Co/The 0.02%
    • Brookfield Finance Inc 0.02%
    • Southern Power Co. 0.04%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31st March 2023 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

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 $8.42M NZD
Period of data report 31st March 2023
Members 420
Fund started 1st April 2012
Total annual fund fees 0.8%
Total performance based fees 0.0%
Manager's basic fee 0.8%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Brendan O'Donovan

Currently: Chair of Investment Committee (3 years, 10 months)
Previously: Member of Investment Committee (3 years, 3 months)

Simon Brodie

Currently: Chief Investment Officer / Investment Consultant (11 years, 11 months)
Previously: Portfolio Management / Strategy, Tower Asset Management (23 years, 3 months)

Manher Sukha

Currently: Investment Manager (8 years, 10 months)
Previously: Investor Relations Analyst, NZ Oil and Gas (1 years, 8 months)

Margaret Bearsley

Currently: Chief Executive (1 years, 6 months)
Previously: Chief Executive, NZ Registered Architects Board (1 years, None months)

Andrew Roland Johnson

Currently: Licensed Independent Trustee (1 years, 8 months)
Previously: Head of Asset Consulting (NZ), Russell Investments (3 years, 1 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2023.

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
2023 -0.13% -1.92%
2022 -1.68% -2.14%
2021 1.56% 2.54%
2020 1.64% 1.16%
2019 2.37% 1.42%
2018 2.05% 1.84%
2017 1.53% 2.14%
2016 2.72% 2.09%
2015 4.23% 4.06%
2014 2.00% 1.3%

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 March 2023.

Top 10 Investments

  • Pimco Global Bond ESG Fund
    Ireland Int Fixed Interest
    24.15%
  • Legg Mason Brandywine Gofi
    Ireland Int Fixed Interest
    7.39%
  • Pimco Gis Global Bond Fund
    Ireland Int Fixed Interest
    6.37%
  • ANZ Bank Accounts
    New Zealand Cash and Equivalents
    2.58%
  • ASB Term Deposit - 11/07/23
    New Zealand Cash and Equivalents AA-
    1.46%
  • NZ Government Stock - 15/05/31
    New Zealand NZ Fixed Interest AAA
    1.41%
  • BNZ Term Deposit - 14/06/23
    New Zealand Cash and Equivalents AA-
    1.05%
  • BNZ Term Deposit - 06/07/23
    New Zealand Cash and Equivalents AA-
    1.05%
  • BNZ Term Deposit - 28/04/23
    New Zealand Cash and Equivalents AA-
    1.05%
  • BNZ Term Deposit - 25/10/23
    New Zealand Cash and Equivalents AA-
    1.04%
Type Target Actual
Cash and Cash Equivalents 30.0% 32.0%
New Zealand Fixed Interest 35.0% 30.0%
International Fixed Interest 35.0% 38.0%
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%

Investment Mix

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

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2023.