NZ Funds KiwiSaver Scheme
NZ Funds Lifecycle Process - Age 75

In their own words: "The objective of the LifeCycle Process is to allocate your investment across the three funds (Strategies) in the Scheme based on your age to ensure that your investment is allocated in a manner that is consistent with your investment timeframe. At age 75, your investment will be allocated as follows: 35% to the Income Strategy; 34% to the Inflation Strategy; and 31% to the Growth Strategy."

At a glance:

Not Mindful
Type: Balanced fund
Past Returns: 2.26%

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

Annual Fees: 1.64%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND1589
Name NZ Funds Lifecycle Process - Age 75
Risk profile Balanced fund
Description The objective of the LifeCycle Process is to allocate your investment across the three funds (Strategies) in the Scheme based on your age to ensure that your investment is allocated in a manner that is consistent with your investment timeframe. At age 75, your investment will be allocated as follows: 35% to the Income Strategy; 34% to the Inflation Strategy; and 31% to the Growth Strategy.
Value $280k NZD
Members 11
Market index description The market index is a composite index calculated using the market indices for each Strategy weighted to reflect the investment option's allocation to each Strategy, as set out in the Statement of Investment Policy and Objectives.
Disclosure Statement Period Sun Sept. 30th 2018
Fund started Mon Nov. 1st 2010
Three-year average return 2.26%
Market index past year return 8.49%
Past year return net charges and tax 7.7
Past year return net of charges gross of tax 8.64
Market index return since fund started 8.81%
Return since fund started net 5.11%
Total annual fund fees 1.64
Total performance based fees 0.0
Manager's basic fee 1.13
Administration charges 0.51
Total other charges 36.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Index Fund Annual Return
2018 5.63% 3.39%
2017 6.10% 6.28%
2016 4.01% -2.89%
2015 11.09% 11.89%
2014 7.28% 6.24%
2013 10.75% 9.73%
2012 1.75% -0.09%

The market index is the average NZ KiwiSaver 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 30 June 2019.

Showing the top 10 investments for this fund:

  • Westpac 32 Day Term Deposit
    New Zealand Cash and Equivalents A-1+
    12.45%
  • Westpac Current Account
    New Zealand Cash and Equivalents A-1+
    6.07%
  • Suvretta Offshore Fund
    Cayman Islands International Equities
    4.34%
  • Fletcher Building
    New Zealand Australasian Equities
    3.16%
  • Rio Tinto Plc Adr
    United States International Equities
    3.09%
  • Impala Resource Fund
    Cayman Islands International Equities
    2.83%
  • Citibank Hong Kong USD Current Account
    United States Cash and Equivalents A-1
    2.2%
  • Meridian Energy
    New Zealand Australasian Equities
    2.07%
  • Vector 4.996% 14/03/2024
    New Zealand NZ Fixed Interest BBB
    1.94%
  • Crown Subordinated Notes 23/04/2075
    Australia Int Fixed Interest
    1.82%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

How the money in this fund is invested.

Type Target Actual
Cash and Cash Equivalents 10.0% 9.38%
New Zealand Fixed Interest 13.0% 12.69%
International Fixed Interest 20.0% 19.5%
Australasian Equities 19.0% 19.46%
International Equities 37.0% 36.61%
Listed Properties 0.0% 0.76%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 1.0% 1.6%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

Key Personnel

  • David Wilson

    Currently: Investment Strategist and a Principal (21 years, 9 months)
    Previously: Chief Economist, JB Were (3 years, 5 months)

  • James Grigor

    Currently: Senior Portfolio Manager and a Principal (1 years, 5 months)
    Previously: Head of Portfolio Strategy Group, Macquarie Private Wealth (now Hobson Wealth Partners) (2 years, 4 months)

  • Mark Brooks

    Currently: Head of Income and a Principal (10 years, 10 months)
    Previously: Senior Portfolio Manager, Credaris (3 years, 4 months)

  • Michael Lang

    Currently: Chief Investment Officer and a Director (10 years, 1 months)
    Previously: Partner, Eclectica Asset Management (1 years, 8 months)

  • Richard James

    Currently: Chief Executive, Chair of the Investment Committee and a Director (9 years, 7 months)
    Previously: Chief Operating Officer, New Zealand Funds Management Limited (6 years, 1 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

The known proportion of this fund invested in the areas of concern that we track. The Fund may have investments that are not consistent with their exclusions policy because of timing issues or because there are companies of concern in indirect investments.

  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    1.36%
  • Animal Testing:
    0.09%
  • Fossil Fuels:
    2.48%
  • Gambling:
    3.15%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    4.27%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data has been compiled by Mindful Money from the portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2019 and Mindful Money analysis of funds within those portfolio. 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.

Does this fund have a policy to exclude any industries from its investments?

  • Adult Entertainment/Pornography:
  • Alcohol:
  • Animal Testing:
  • Fossil Fuels:
  • Gambling:
  • GMOs:
  • Human Rights & Environmental Violations:
  • Palm Oil:
  • Tobacco:
  • Weapons:

This data is compiled from Mindful Money analysis of Fund websites. 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.

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.

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 investment. Past returns are not a guide to future returns. 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.