Funds

NZ Funds Life Cycle - Age 0-54

Total Ethical Concerns: 5.84%

The average total concerns of all managed growth funds is 5.45%.

Companies of Concern

  • Animal Cruelty 0.62%

    • 0.38%
    • L'Oréal SA
      0.24%
      0.24%
  • Human Rights Violations 2.89%

    • 0.80%
    • Rio Tinto
      0.69%
      0.69%
    • 0.57%
    • 0.40%
    • Wells Fargo
      0.06%
      0.06%
    • General Motors
      0.05%
      0.05%
  • Fossil Fuels 1.91%

    • Contact Energy Ltd.
      0.86%
      1.5°C
      This company is on a 1.5°C pathway
      0.86%
    • Rio Tinto
      0.69%
      0.69%
    • E.On Se
      0.07%
      0.07%
    • Bkw AG
      0.06%
      0.06%
    • Centrica PLC
      0.06%
      0.06%
    • Fortum Oyj
      0.06%
      0.06%
    • National Grid PLC
      0.06%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.06%
    • Constellation Energy Corp.
      0.05%
      0.05%
  • Weapons 0.78%

    • 0.78%
  • Environmental Harm 0.33%

    • PepsiCo
      0.33%
      0.33%

From the Fund Provider

  • About this fund

    About this Fund

    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 $18.3M NZD
    Period of data report 31st March 2025
    Fund started 18th May 2020
    Total annual fund fees 1.77%
    Total performance based fees 0.0%
    Manager's basic fee 1.19%
    Other management and administration charges 0.58%
    Total other charges 29.76
    Total other charges currency NZD

    John Cobb

    Currently: Chair of the Investment Governance Committee and a Director (2 years, 4 months)
    Previously: Chief Executive Officer, JBWere NZ (1 years, 11 months)

    Michael Lang

    Currently: Chief Executive and a Director (6 years, 6 months)
    Previously: Chief Investment Officer, New Zealand Funds Management Limited (10 years, 1 months)

    Mark Brooks

    Currently: Chief Investment Officer and a Principal (1 years, 1 months)
    Previously: Head of Income, New Zealand Funds Management Limited (16 years, 3 months)

    Paul Van Wetering

    Currently: Head of Investment Operations and Responsible Investing (5 years, 3 months)
    Previously: Investment Analyst, New Zealand Funds Management Limited (6 years, 10 months)

    Casey Keiper

    Currently: Portfolio Manager and Head of Research (0 years, 9 months)
    Previously: Senior Equity Analyst, New Zealand Funds Management Limited (1 years, 9 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

  • Past Returns

    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
    2025 3.04% -0.78%
    2024 12.48% 21.6%
    2023 -4.05% -12.79%
    2022 1.38% -15.74%
    2021 27.68% 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 March 2025.

  • Investments

    Top 10 Investments

    • Westpac Cash

      New Zealand Cash and Equivalents A-1+

      14.59%
    • Goldman Sachs Futures

      New Zealand Cash and Equivalents A-1

      9.97%
    • Didi Global Inc

      China International Equities

      2.88%
    • Citibank Hong Kong Cash

      United States Cash and Equivalents A-1

      2.76%
    • Goldman Sachs Futures

      New Zealand Cash and Equivalents A-1

      2.71%
    • Fletcher Building Ltd

      New Zealand Australasian Equities

      2.1%
    • Chorus Ltd

      New Zealand Australasian Equities

      1.66%
    • Ryman Healthcare Ltd

      New Zealand Australasian Equities

      1.64%
    • Citibank New Zealand Cash

      New Zealand Cash and Equivalents A-1

      1.54%
    • Mercury NZ Ltd

      New Zealand Australasian Equities

      1.49%
    Type Target Actual
    Cash and Cash Equivalents 5.0% 2.72%
    New Zealand Fixed Interest 3.0% 1.69%
    International Fixed Interest 4.0% 0.81%
    Australasian Equities 31.0% 25.37%
    International Equities 51.0% 51.29%
    Listed Properties 6.0% 2.74%
    Unlisted Properties 0.0% 0.0%
    Other 0.0% 4.06%
    Commodities 0.0% 11.32%

    Investment Mix

    How the money in this fund is invested by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 31st March 2025 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.

Issues of Concern

  • 0.62% Animal Cruelty
  • 2.89% Human Rights Violations
  • 0.0% Social Harm
  • 1.91% Fossil Fuels
  • 0.78% Weapons
  • 0.33% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • 0.38%
    • L'Oréal SA
      0.24%
      0.24%
  • Human Rights Violations

    • 0.80%
    • Rio Tinto
      0.69%
      0.69%
    • 0.57%
    • 0.40%
    • Wells Fargo
      0.06%
      0.06%
    • General Motors
      0.05%
      0.05%
  • Fossil Fuels

    • Contact Energy Ltd.
      0.86%
      1.5°C
      This company is on a 1.5°C pathway
      0.86%
    • Rio Tinto
      0.69%
      0.69%
    • E.On Se
      0.07%
      0.07%
    • Bkw AG
      0.06%
      0.06%
    • Centrica PLC
      0.06%
      0.06%
    • Fortum Oyj
      0.06%
      0.06%
    • National Grid PLC
      0.06%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.06%
    • Constellation Energy Corp.
      0.05%
      0.05%
  • Weapons

    • 0.78%
  • Environmental Harm

    • PepsiCo
      0.33%
      0.33%

About this Fund

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 $18.3M NZD
Period of data report 31st March 2025
Fund started 18th May 2020
Total annual fund fees 1.77%
Total performance based fees 0.0%
Manager's basic fee 1.19%
Other management and administration charges 0.58%
Total other charges 29.76
Total other charges currency NZD

John Cobb

Currently: Chair of the Investment Governance Committee and a Director (2 years, 4 months)
Previously: Chief Executive Officer, JBWere NZ (1 years, 11 months)

Michael Lang

Currently: Chief Executive and a Director (6 years, 6 months)
Previously: Chief Investment Officer, New Zealand Funds Management Limited (10 years, 1 months)

Mark Brooks

Currently: Chief Investment Officer and a Principal (1 years, 1 months)
Previously: Head of Income, New Zealand Funds Management Limited (16 years, 3 months)

Paul Van Wetering

Currently: Head of Investment Operations and Responsible Investing (5 years, 3 months)
Previously: Investment Analyst, New Zealand Funds Management Limited (6 years, 10 months)

Casey Keiper

Currently: Portfolio Manager and Head of Research (0 years, 9 months)
Previously: Senior Equity Analyst, New Zealand Funds Management Limited (1 years, 9 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

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
2025 3.04% -0.78%
2024 12.48% 21.6%
2023 -4.05% -12.79%
2022 1.38% -15.74%
2021 27.68% 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 March 2025.

Top 10 Investments

  • Westpac Cash

    New Zealand Cash and Equivalents A-1+

    14.59%
  • Goldman Sachs Futures

    New Zealand Cash and Equivalents A-1

    9.97%
  • Didi Global Inc

    China International Equities

    2.88%
  • Citibank Hong Kong Cash

    United States Cash and Equivalents A-1

    2.76%
  • Goldman Sachs Futures

    New Zealand Cash and Equivalents A-1

    2.71%
  • Fletcher Building Ltd

    New Zealand Australasian Equities

    2.1%
  • Chorus Ltd

    New Zealand Australasian Equities

    1.66%
  • Ryman Healthcare Ltd

    New Zealand Australasian Equities

    1.64%
  • Citibank New Zealand Cash

    New Zealand Cash and Equivalents A-1

    1.54%
  • Mercury NZ Ltd

    New Zealand Australasian Equities

    1.49%
Type Target Actual
Cash and Cash Equivalents 5.0% 2.72%
New Zealand Fixed Interest 3.0% 1.69%
International Fixed Interest 4.0% 0.81%
Australasian Equities 31.0% 25.37%
International Equities 51.0% 51.29%
Listed Properties 6.0% 2.74%
Unlisted Properties 0.0% 0.0%
Other 0.0% 4.06%
Commodities 0.0% 11.32%

Investment Mix

How the money in this fund is invested by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.