Lifestages World Equity Portfolio

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Not Mindful
Type: Aggressive fund
Past Returns: 2.37%

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

Annual Fees: 1.89%

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

Alleghany Corp 0.01%
Canadian National Railway Co. 0.05%
Canadian Pacific Railway Ltd. 0.03%
Cms Energy Corp. 0.01%
Coca-Cola Co. 0.13%
Coca-Cola Co/The 0.08%
Fortis Inc./Canada 0.01%
Franco-Nevada Corp. 0.02%
Iberdrola SA 0.02%
Kansas City Southern 0.01%
Lyondellbasell Industries Nv Class A 0.01%
Neste Oyj 0.02%
Phillips 66 0.01%
Ppl Corp. 0.01%
Sse PLC 0.01%
Valero Energy Corp 0.02%

Weapons

Teledyne Technologies Inc 0.01%
Transdigm Group Inc 0.01%

Tobacco

Alimentation Couche-Tard Inc. Class B 0.02%
Seven & I Holdings Co Ltd 0.01%
Seven & I Holdings Co. Ltd. 0.02%

Gambling

Alcohol

LVMH Moet Hennessy Louis Vui 0.10%

Palm Oil

GMOs

Corteva Inc 0.02%
Corteva Inc. 0.02%

Human Rights & Environmental Violations

Johnson & Johnson 0.62%
Nestle SA 0.56%
Nutrien Ltd. 0.01%
Sempra Energy 0.02%

Animal Testing

Air Products & Chemicals Inc. 0.040%
Akzo Nobel Nv 0.010%
Albemarle Corp 0.010%
Arkema 0.010%
Axalta Coating Systems Ltd 0.010%
Bayer AG 0.030%
Church & Dwight Co Inc 0.020%
Church & Dwight Co. Inc. 0.010%
Clorox Co. 0.020%
Clorox Company 0.020%
Coca-Cola Co. 0.130%
Coca-Cola Co/The 0.080%
Colgate-Palmolive Co 0.020%
Colgate-Palmolive Co. 0.040%
Corteva Inc 0.010%
Corteva Inc. 0.020%
Covestro AG 0.010%
Danone 0.020%
Danone SA 0.020%
Dow Inc 0.010%
Dow Inc. 0.020%
Dupont De Nemours Inc. 0.030%
Ecolab Inc 0.050%
Estee Lauder Companies-Cl A 0.040%
Estee Lauder Cos. Inc. Class A 0.030%
Fmc Corp 0.010%
Fujifilm Holdings Corp. 0.010%
General Mills Inc 0.030%
General Mills Inc. 0.020%
Givaudan SA 0.020%
Givaudan-Reg 0.020%
Glaxosmithkline PLC 0.070%
Hermes International 0.030%
Hp Inc 0.010%
Hp Inc. 0.020%
Intl Flavors & Fragrances 0.010%
Johnson & Johnson 0.610%
Kao Corp. 0.020%
Kellogg Co 0.010%
Kerry Group PLC Class A 0.010%
Kimberly-Clark Corp. 0.030%
Koninklijke Dsm Nv 0.030%
Kraft Heinz Co. 0.010%
Kraft Heinz Co/The 0.010%
L'Oreal 0.030%
L'Oreal SA 0.050%
Linde PLC 0.070%
LVMH Moet Hennessy Louis Vui 0.100%
Lyondellbasell Industries Nv Class A 0.010%
Mondelez International Inc. Class A 0.050%
Nestle SA 0.560%
Novozymes A/S-B Shares 0.010%
Nutrien Ltd. 0.010%
Pepsico Inc 0.060%
Pepsico Inc. 0.130%
PPG Industries Inc 0.030%
Procter & Gamble Co. 0.230%
Procter & Gamble Co/The 0.120%
Reckitt Benckiser Group PLC 0.070%
Scotts Miracle-Gro Co 0.010%
Seven & I Holdings Co Ltd 0.010%
Seven & I Holdings Co. Ltd. 0.010%
Sherwin-Williams Co. 0.040%
Sherwin-Williams Co/The 0.060%
Shin-Etsu Chemical Co Ltd 0.010%
Shin-Etsu Chemical Co. Ltd. 0.030%
Shiseido Co Ltd 0.010%
Shiseido Co. Ltd. 0.010%
Tesco PLC 0.030%
Unicharm Corp. 0.010%
Unilever N V -Ny Shares 0.060%
Unilever Nv 0.060%
Unilever PLC 0.050%
Unilever PLC-Sponsored Adr 0.030%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 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.

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 -7.57% -6.0%
2019 10.01% 5.26%
2018 7.40% 7.86%
2017 9.64% 12.99%
2016 4.71% -0.91%
2015 14.67% 15.99%
2014 10.13% 12.24%
2013 13.93% 7.07%
2012 -2.50% -3.47%
2011 5.97% 3.82%

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 Wed Sept. 30th 2020.

Showing the top 10 investments for this fund:

  • Ishares Wholesale Screened International Equity Index Fund (Class E2)
    Australia International Equities
    46.7%
  • Vanguard Ethically Conscious International Shares Index Fund-NZD Hedged
    Australia International Equities
    24.78%
  • Dimensional Global Sustainability Trust €“ NZD Hedged Class Units
    Australia International Equities
    24.72%
  • Cash Deposit (ANZ Bank)
    New Zealand Cash and Equivalents
    4.7%
  • Cash Deposit (Jpm AUD)
    Australia Cash and Equivalents
    0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed Sept. 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% 3.8%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 95.0% 96.2%
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 fund has filed with Disclose register to Wed Sept. 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:
    0.10%
  • Animal Testing:
    4.50%
  • Fossil Fuels:
    0.76%
  • Gambling:
    0.01%
  • GMOs:
    0.03%
  • Human Rights & Environmental Violations:
    1.24%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.08%
  • Weapons:
    0.17%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 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 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 aims to achieve capital growth and returns over the long-term through investment primarily in a broad spread of international equites. The fund offers a multi-manager approach to equity investing."

Value $38M NZD
Period of data report Wed Sept. 30th 2020
Members Not provided
Fund started Wed July 2nd 2003
Total annual fund fees 1.89%
Total performance based fees 0.0%
Manager's basic fee 1.29%
Administration charges 0.6%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Graham Duston

Currently: Investment Committee member (19 years, 0 months)
Previously: Chief Executive Officer Funds Administration New Zealand Ltd (current) (19 years, 0 months)

Damon O'Brien

Currently: Independent Investment Committee member (5 years, 5 months)
Previously: Chief Investment Officer Consilium Limited (8 years, 6 months)

Martin Pike

Currently: Investment Strategist (5 years, 0 months)
Previously: National Manager Investment Product & Services AMP Financial Services (2 years, 4 months)

Mike Skilling

Currently: Non-executive Director / Investment Committee chairperson (4 years, 4 months)
Previously: GM Business Financial Services & Private Banking BNZ (8 years, 0 months)

Derek Young

Currently: Investment Committee member (16 years, 3 months)
Previously: Executive Director Funds Administration New Zealand Ltd (current) (16 years, 3 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed Sept. 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

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.