Summer Australian Equities

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Not Mindful
Type: Aggressive fund
Past Returns: -3.54%

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

Annual Fees: 0.9%

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

BHP Group Limited 7.99%
Santos Limited 0.41%
South32 Limited 2.02%
Viva Energy Group Ltd 2.27%
Woodside Petroleum Ltd 1.60%

Gambling

Aristocrat Leisure Limited 0.85%

Alcohol

Treasury Wine Estates Limited 1.83%

Human Rights & Environmental Violations

BHP Group Limited 7.99%
Rio Tinto Limited 3.40%

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% -17.01%
2019 10.11% 5.86%
2018 6.68% 0.54%

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:

  • CSL Limited
    Australia Australasian Equities
    10.71%
  • BHP Group Limited
    Australia Australasian Equities
    7.87%
  • Commonwealth Bank Of Australia Limited
    Australia Australasian Equities
    5.78%
  • ANZ Transactional Bank Account
    New Zealand Cash and Equivalents AA-
    5.28%
  • Westpac Banking Corporation Ltd
    Australia Australasian Equities
    4.37%
  • Wesfarmers Limited
    Australia Australasian Equities
    4.09%
  • National Australia Bank Limited
    Australia Australasian Equities
    3.77%
  • Woolworths Ltd
    Australia Australasian Equities
    3.5%
  • Telstra Corp
    Australia Australasian Equities
    3.42%
  • Rio Tinto Limited
    Australia Australasian Equities
    2.89%

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 5.0% 6.11%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 85.0% 89.65%
International Equities 0.0% 0.0%
Listed Properties 10.0% 4.24%
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:
    1.83%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    14.29%
  • Gambling:
    0.85%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    11.39%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

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.

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 fund invests in selected Australian shares. We aim to achieve positive long-term returns. These kinds of investments will typically have very high levels of movement up and down in value."

Value $7.9M NZD
Period of data report Tue June 30th 2020
Members 809
Fund started Mon Sept. 19th 2016
Total annual fund fees 0.9%
Total performance based fees 0.0%
Manager's basic fee 0.9%
Administration charges 0.0%
Total other charges 36.0
Total other charges currency NZD

Key Personnel

Kevin Stirrat

Currently: Director/Strategy, Wealth Management Research,Forsyth Barr Limited (0 years, 11 months)
Previously: Head of Investment Strategy, Forsyth Barr Limited (13 years, 11 months)

Craig Alexander

Currently: Co-Head of Funds Management,Forsyth Barr Limited (7 years, 0 months)
Previously: Head of Fixed Interest,Tower Investments (5 years, 2 months)

Jason Lindsay

Currently: Co-Head of Funds Management,Forsyth Barr Limited (0 years, 9 months)
Previously: Portfolio Manager Australasian Listed Infrastructure, ACC (6 years, 2 months)

Rob Mercer

Currently: Director/Equities, Wealth Management Research,Forsyth Barr Limited (0 years, 11 months)
Previously: Head of Private Wealth Research, Forsyth Barr Limited (7 years, 2 months)

Neil Paviour-Smith

Currently: Director (12 years, 4 months)
Previously: Managing Director at Forsyth Barr Limited (current) (19 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.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.