Lifestages KiwiSaver Scheme
Lifestages High Growth Fund

A summary of this fund and it's details.

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

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

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 September 2019.

Showing the top 10 investments for this fund:

• Ishares Wholesale Screened International Equity Index Fund (Class E2)
  Australia International Equities
  25.22%
• Vanguard International Shares Select Exclusions Index Fund - NZD Hedged
  Australia International Equities
  24.59%
• Harbour NZ Equity Advanced Beta Fund
  New Zealand Australasian Equities
  14.18%
• Ishares Emerging Markets Imi Equity Index Fund
  Australia International Equities
  7.61%
• Dimensional Australian Core Equity Trust
  Australia Australasian Equities
  7.07%
• Ishares Wholesale Australian Equity Index Fund
  Australia Australasian Equities
  6.76%
• Vanguard Global Infrastructure Index Fund
  Australia Other
  5.27%
• Vanguard International Property Securities Index Fund
  Australia Listed Property
  4.02%
• AMP Australasian Property Index Fund
  New Zealand Listed Property
  2.88%
• Cash Deposit (ANZ Bank)
  New Zealand Cash and Equivalents A-1+
  2.46%

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

How the money in this fund is invested against the fund's targets.

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

Key Personnel

• Damon O'Brien

  Currently: Independent Investment Committee member (4 years, 5 months)
  Previously: Chief Investment Officer, Consilium Limited (7 years, 6 months)

• Derek Young

  Currently: Investment Committee member (15 years, 3 months)
  Previously: Executive Director, Funds Administration New Zealand Ltd (current) (15 years, 3 months)

• Graham Duston

  Currently: Investment Committee member (18 years, 0 months)
  Previously: Chief Executive Officer, Funds Administration New Zealand Ltd (current) (18 years, 0 months)

• Martin Pike

  Currently: Investment Strategist (4 years, 1 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, 4 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 September 2019.

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
  Is it excluded?
  Portfolio analysis
• Adult Entertainment/Pornography:
  0.00%
• Alcohol:
  0.44%
• Animal Testing:
  2.65%
• Fossil Fuels:
  3.92%
• Gambling:
  0.69%
• GMOs:
  0.26%
• Human Rights & Environmental Violations:
  2.28%
• Palm Oil:
  0.07%
• Tobacco:
  0.03%
• Weapons:
  0.16%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 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 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 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

Specific companies invested in:

Download the fund's disclosure statement and portfolio holdings.

• Portfolio holdings v