Lifestages KiwiSaver Scheme
Lifestages High Growth Fund
In their own words: "The fund aims to provide investors with capital growth over the long-term, by investing primarily in a broad spread of New Zealand and international growth assets, with a small amount held in cash."

At a glance:
Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.
Annual fees, including membership and % management fee.
More information:
A summary of this fund and it's details.
Number | FND2926 |
Name | Lifestages High Growth Fund |
Risk profile | Aggressive fund |
Description | The fund aims to provide investors with capital growth over the long-term, by investing primarily in a broad spread of New Zealand and international growth assets, with a small amount held in cash. |
Value | $140M NZD |
Members | 11,393 |
Market index description | 50% MSCI World Index in NZD, 50% Hedged to NZD, 8% MSCI Emerging Markets Index in NZD, 14% S&P/ASX300 Accummulation Index in NZD, 14% NZX50 Gross Index, 5% FTSE Develop Core Infrastructure Index in NZD, 3% NZX Property Index, 4% FTSE EPRA/NAREIT Developed Property Index in NZD, 2% NZX NZ 90 Day Bank Bill Index. |
Disclosure Statement Period | Sun June 30th 2019 |
Fund started | Wed Oct. 14th 2015 |
Three-year average return | 8.35% |
Market index past year return | 9.22% |
Past year return net charges and tax | 6.18% |
Past year return net of charges gross of tax | 7.27% |
Market index return since fund started | 10.71% |
Return since fund started net | 7.95% |
Total annual fund fees | 1.16% |
Total performance based fees | 0.0% |
Manager's basic fee | 0.78% |
Administration charges | 0.38% |
Total other charges | 24.0 |
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 |
---|---|---|
2019 | 10.11% | 7.79% |
2018 | 6.68% | 5.55% |
2017 | 11.18% | 11.7% |
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:
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Vanguard International Shares Select Exclusions Index Fund - NZD Hedged
Australia International Equities25.59% -
Ishares Wholesale Screened International Equity Index Fund (Class E2)
Australia International Equities25.05% -
Harbour NZ Equity Advanced Beta Fund
New Zealand Australasian Equities14.18% -
Ishares Emerging Markets Imi Equity Index Fund
Australia International Equities7.47% -
Ishares Wholesale Australian Equity Index Fund
Australia Australasian Equities7.05% -
Dimensional Australian Core Equity Trust
Australia Australasian Equities6.95% -
Vanguard Global Infrastructure Index Fund
Australia Other4.91% -
Vanguard International Property Securities Index Fund
Australia Listed Property3.89% -
AMP Australasian Property Index Fund
New Zealand Listed Property3.04% -
Cash Deposit (ANZ Bank)
New Zealand Cash and Equivalents AA-2.11%
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 | 2.0% | 1.87% |
New Zealand Fixed Interest | 0.0% | 0.0% |
International Fixed Interest | 0.0% | 0.0% |
Australasian Equities | 28.0% | 28.18% |
International Equities | 58.0% | 58.11% |
Listed Properties | 7.0% | 6.93% |
Unlisted Properties | 0.0% | 0.0% |
Unknown | None% | 0.0% |
Other | 5.0% | 4.91% |
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
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Damon O'Brien
Currently: Independent Investment Committee member (4 years, 2 months)
Previously: Chief Investment Officer, Consilium Limited (7 years, 3 months) -
Derek Young
Currently: Investment Committee member (15 years, 0 months)
Previously: Executive Director, Funds Administration New Zealand Ltd (current) (15 years, 0 months) -
Graham Duston
Currently: Investment Committee member (17 years, 9 months)
Previously: Chief Executive Officer, Funds Administration New Zealand Ltd (current) (17 years, 9 months) -
Martin Pike
Currently: Investment Strategist (3 years, 10 months)
Previously: National Manager, Investment Product & Services, AMP Financial Services (2 years, 4 months) -
Mike Skilling
Currently: Non-executive Director / Investment Committee chairperson (3 years, 1 months)
Previously: GM Business Financial Services & Private Banking, BNZ (8 years, 0 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.
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Adult Entertainment/Pornography:0.00%
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Alcohol:0.38%
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Animal Testing:2.52%
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Fossil Fuels:3.99%
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Gambling:0.64%
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GMOs:0.29%
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Human Rights & Environmental Violations:2.21%
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Palm Oil:0.08%
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Tobacco:0.03%
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Weapons:0.18%
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?
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Adult Entertainment/Pornography:
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Alcohol:
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Animal Testing:
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Fossil Fuels:
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Gambling:
-
GMOs:
-
Human Rights & Environmental Violations:
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Palm Oil:
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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.