Funds
NZ Funds Wealth Builder Life Cycle - Age 0-54
Fund type: Aggressive fund
Past Returns: *-6.52%Annual Fees: 1.63%
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 Ltd 1.72%
- Oci Nv 0.51%
- National Grid PLC 0.14%
- Oci Portfolio Swap 0.01%
Weapons
- Wal-Mart Stores Inc 0.14%
Human Rights & Environmental Violations
- Uber Technologies Inc 1.70%
- Thermo Fisher Scientific Inc 0.11%
- Nestle SA 0.10%
- Rio Tinto Ltd 0.08%
- Uber Technologies 8% 01/11/2026 0.06%
Animal Cruelty
- LVMH Moet Hennessy Louis Vuitton Se 0.13%
- Mondelez International Inc 0.13%
- Kering 0.12%
- Nestle SA 0.10%
- Dupont De Nemours Inc 0.06%
- Colgate-Palmolive Co 0.05%
- Croda International PLC 0.05%
- Energizer Holdings 4.75% 15/06/2028 0.05%
- Tyson Foods Inc 4.35% 01/03/2029 0.05%
This data is compiled by Mindful Money from the fund information and portfolios
that each 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
The objective of Life Cycle is to allocate your investment across the three Strategies based on your age to ensure your investment is allocated in a manner consistent with your investment timeframe. At age 0-54, your investment will be allocated as follows: 5% to the Income Strategy; 10% to the Inflation Strategy; and 85% to the Growth Strategy.
| Value | $12M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 18th May 2020 |
| Total annual fund fees | 1.63% |
| Total performance based fees | 0.04% |
| Manager's basic fee | 1.19% |
| Other management and administration charges | 0.4% |
| Total other charges | 29.76 |
| Total other charges currency | NZD |
Key Personnel
|
Michael Lang |
Currently: Chief Executive and a Director (4 years, 3 months) |
|
James Grigor |
Currently: Chief Investment Officer and a Principal (4 years, 1 months) |
|
Mark Brooks |
Currently: Head of Income and a Principal (15 years, 1 months) |
|
Andrew Curtayne |
Currently: Senior Portfolio Manager (2 years, 8 months) |
|
David Haslam |
Currently: Senior Dealer (6 years, 0 months) |
This information has been sourced from the quarterly data that each 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 | 0.00% | |
| Animal Cruelty | 0.74% | |
| Fossil Fuels | 2.38% | |
| Gambling | 0.00% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 2.05% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.00% | |
| Weapons | 0.14% |
This data is compiled by Mindful Money from the fund information and portfolios
that each 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
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 | 3.19% | -15.74% |
| 2021 | 36.07% | 68.85% |
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 fund has filed with Disclose register to 31st Dec. 2022.
Top 10 Investments
-
Westpac Current Account
New Zealand Cash and Equivalents A-1+12.02% -
Citibank Hong Kong USD Current Account
United States Cash and Equivalents A-15.56% -
Suvretta Offshore Fund
Cayman Islands International Equities4.64% -
Emerson Point Capital Partners Lp
United States International Equities3.83% -
Goldman Sachs NZD Margin Account
United Kingdom Cash and Equivalents A-13.75% -
Citibank New Zealand NZD Current Account
United States Cash and Equivalents A-13.64% -
BNZ Otc Collateral NZD Margin Account
New Zealand Cash and Equivalents A-1+3.32% -
Telstra
Australia Australasian Equities2.54% -
Galaxy Liquid Alpha Fund
Cayman Islands Other2.33% -
Oei MAC
Cayman Islands Other2.3%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 2.47% |
| New Zealand Fixed Interest | 3.0% | 1.92% |
| International Fixed Interest | 4.0% | 4.66% |
| Australasian Equities | 24.0% | 26.45% |
| International Equities | 61.0% | 46.11% |
| Listed Properties | 3.0% | 1.47% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 5.92% |
| Commodities | 0.0% | 11.0% |
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 fund has filed with Disclose register to 31st Dec. 2022.