Bcf KiwiSaver

In their own words: "The Scheme has a single asset class - NZ Fixed Interest."

Not Mindful
Type: Defensive fund
Past Returns: 1.60%

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

Annual Fees: 0.78%

Annual fees, including membership and % management fee.

A summary of this fund and it's details.

Number FND1070
Name Bcf KiwiSaver
Risk profile Defensive fund
Description The Scheme has a single asset class - NZ Fixed Interest.
Value $8.7M NZD
Members 610
Market index description Assets invested in bank deposits
Disclosure Statement Period Sun March 31st 2019
Fund started Fri April 1st 2011
Three-year average return 1.60%
Market index past year return 1.94%
Past year return net charges and tax 2.14%
Past year return net of charges gross of tax 2.83%
Market index return since fund started 2.70%
Return since fund started net 1.20%
Total annual fund fees 0.78%
Total performance based fees 0.0%
Manager's basic fee 0.78%
Administration charges 0.0%
Total other charges 50.0
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 September 2019.

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

Year Market Average Fund Annual Return
2019 2.26% 2.1%
2018 2.15% 1.3%
2017 1.38% 1.4%
2016 2.64% 2.1%
2015 4.66% 2.5%
2014 2.00% 2.0%
2013 3.15% 1.4%
2012 3.62% -1.9%

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:

  • Kiwibank Term Deposit
    New Zealand Cash and Cash Equivalent
    24.74%
  • Tsb Term Deposit
    New Zealand Cash and Cash Equivalent
    22.56%
  • BNZ Term Deposit
    New Zealand Cash and Cash Equivalent
    20.32%
  • Westpac Term Deposit
    New Zealand Cash and Cash Equivalent
    15.01%
  • ASB Term Deposit
    New Zealand Cash and Cash Equivalent
    11.52%
  • Canterbury Education Trust
    New Zealand NZ Fixed Interest
    5.75%
  • ANZ Current Account
    New Zealand Cash and Cash Equivalent
    0.1%

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.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 95.0% 94.25%
New Zealand Fixed Interest 5.0% 5.75%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
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 September 2019.

Key Personnel

  • John Mckay Mason

    Currently: Director of Arotahi Trust Limited (6 years, 0 months)
    Previously: (None years, None months)

  • Kevin Cedric Sorensen

    Currently: Director of Arotahi Trust Limited (3 years, 2 months)
    Previously: (None years, None months)

  • Maurice Allen Hall

    Currently: Director of Arotahi Trust Limited (6 years, 0 months)
    Previously: (None years, None 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:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

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.

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