Westpac KiwiSaver Scheme
Westpac CPP Fund No. 4
In their own words: "The CPP Fund No. 4 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 2021."
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.
A summary of this fund and it's details.
|Name||Westpac CPP Fund No. 4|
|Risk profile||Aggressive fund|
|Description||The CPP Fund No. 4 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 2021.|
|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 June 30th 2019|
|Fund started||Mon Oct. 3rd 2011|
|Three-year average return||9.60%|
|Market index past year return||10.61%|
|Past year return net charges and tax||6.75%|
|Past year return net of charges gross of tax||7.62%|
|Market index return since fund started||14.84%|
|Return since fund started net||11.83%|
|Total annual fund fees||1.59%|
|Total performance based fees||0.0%|
|Manager's basic fee||0.64%|
|Total other charges||27.0|
|Total other charges currency||NZD|
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|
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 Equities4.7%
Spark New Zealand Ltd
New Zealand Australasian Equities N/A4.38%
Contact Energy Ltd
New Zealand Australasian Equities N/A2.8%
Fisher & Paykel Healthcare Ltd
New Zealand Australasian Equities2.48%
Auckland International Airport Ltd
New Zealand Australasian Equities2.26%
Z Energy Ltd
New Zealand Australasian Equities1.8%
Mercury NZ Limited
New Zealand Australasian Equities1.74%
Meridian Energy Limited
New Zealand Australasian Equities N/A1.71%
Fletcher Building Ltd
New Zealand Australasian Equities1.25%
Sky City Entertainment Group
New Zealand Australasian Equities1.23%
How the money in this fund is invested.
|Cash and Cash Equivalents||0.0%||0.95%|
|New Zealand Fixed Interest||0.0%||0.0%|
|International Fixed Interest||0.0%||0.0%|
Currently: Investment Analytics Manager (17 years, 10 months)
Previously: Investment Consultant, Mercer (2 years, 4 months)
Currently: Senior Portfolio Manager (8 years, 8 months)
Previously: Head of Fixed Income and Portfolio Manager, Rand Merchant Bank Asset Management (3 years, 1 months)
Currently: Head of Investment Solutions (10 years, 6 months)
Previously: Head of Research, AXA Global Investors (7 years, 10 months)
Currently: Acting Head of Investments & Insurance (2 years, 4 months)
Previously: Head of Customer Proposition (current) (7 years, 8 months)
Currently: Senior Portfolio Manager (6 years, 9 months)
Previously: Portfolio Manager, AXA Global Investors (5 years, 9 months)
Currently: Portfolio Analyst (0 years, 7 months)
Previously: Senior Business Intelligence Developer and Insight Analyst - Westpac New Zealand Limited (1 years, 10 months)
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.
Human Rights & Environmental Violations:1.74%
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?
Human Rights & Environmental Violations:
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.