Westpac KiwiSaver Scheme
Westpac CPP Fund No. 1

In their own words: "The CPP Fund No. 1 aims to protect each member's initial invested capital on the maturity of the fund. The assets of the fund are dynamically allocated between growth assets and zero coupon bonds or deposits according to prescribed asset allocation rules. The fund is closed to further investment and is currently expected to mature on or about 30 September 2018."

At a glance:

Not Mindful
Type: Aggressive fund
Past Returns: 8.77%

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

Annual Fees: 1.59%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND603
Name Westpac CPP Fund No. 1
Risk profile Aggressive fund
Description The CPP Fund No. 1 aims to protect each member's initial invested capital on the maturity of the fund. The assets of the fund are dynamically allocated between growth assets and zero coupon bonds or deposits according to prescribed asset allocation rules. The fund is closed to further investment and is currently expected to mature on or about 30 September 2018.
Value $13M NZD
Members 2,393
Market index description The market index return reflects a composite of benchmark index returns, weighted for the fund’s target asset allocation. The benchmark indices used for each asset class are defined in the Statement of Investment Policy and Objectives (SIPO).
Disclosure Statement Period Sun Sept. 30th 2018
Fund started Mon Dec. 1st 2008
Three-year average return 8.77%
Market index past year return 15.99%
Past year return net charges and tax 13.66
Past year return net of charges gross of tax 13.72
Market index return since fund started 11.94%
Return since fund started net 10.61%
Total annual fund fees 1.59
Total performance based fees 0.0
Manager's basic fee 0.64
Administration charges 0.95
Total other charges 27.0
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 6.68% 12.49%
2017 11.18% 9.1%
2016 4.51% 4.73%
2015 15.30% 17.64%
2014 10.31% 13.18%
2013 13.23% 13.24%
2012 -5.15% -3.46%
2011 7.61% 7.7%
2010 26.74% 30.38%

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:

  • A2 Milk Company Ltd
    New Zealand Australasian Equities
    3.58%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    3.05%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    2.88%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    2.27%
  • Fletcher Building Ltd
    New Zealand Australasian Equities
    2.21%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    2.18%
  • Mercury NZ Limited
    New Zealand Australasian Equities
    1.45%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    1.4%
  • Z Energy Ltd
    New Zealand Australasian Equities
    1.12%
  • Sky City Entertainment Group
    New Zealand Australasian Equities
    1.07%

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 0.0% 0.82%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 40.0% 39.73%
International Equities 60.0% 59.45%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.0%
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

  • Angelika Sansom

    Currently: Investment Analytics Manager (17 years, 1 months)
    Previously: Investment Consultant, Mercer (2 years, 4 months)

  • Francois Richeboeuf

    Currently: Senior Portfolio Manager (7 years, 11 months)
    Previously: Head of Fixed Income and Portfolio Manager, Rand Merchant Bank Asset Management (3 years, 1 months)

  • Matthew Goldsack

    Currently: Head of Investment Solutions (9 years, 9 months)
    Previously: Head of Research, AXA Global Investors (7 years, 10 months)

  • Nigel Jackson

    Currently: Acting Head of Investments & Insurance (1 years, 7 months)
    Previously: Head of Customer Proposition (current) (6 years, 11 months)

  • Nirav Shah

    Currently: Cash Manager (10 years, 3 months)
    Previously: Senior Financial Plan Writer, Westpac New Zealand Limited (1 years, 0 months)

  • Stephen Hong

    Currently: Senior Portfolio Manager (6 years, 0 months)
    Previously: Portfolio Manager, AXA Global Investors (5 years, 9 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:
    1.31%
  • Animal Testing:
    4.19%
  • Fossil Fuels:
    3.59%
  • Gambling:
    1.66%
  • GMOs:
    0.54%
  • Human Rights & Environmental Violations:
    1.85%
  • Palm Oil:
    0.10%
  • Tobacco:
    0.00%
  • Weapons:
    0.25%

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.

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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.