Bcf KiwiSaver

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Not Mindful
Type: Defensive fund
Past Returns: 1.70%

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

Annual Fees: 1.05%

Annual fees, including any membership and % management fee.

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.


This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue March 31st 2020 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.

A summary of this fund and its details.

Number FND1070
Name Bcf KiwiSaver
Risk profile Defensive fund
Description The fund is invested principally in term deposits with New Zealand-registered banks but also has a small exposure to a loan made on arm’s length terms to an organisation within the Brethren Christian Fellowship. Further diversification could happen once the fund reaches a critical size (as determined by the Trustee). The current investment objective for the fund is to achieve a real return (before investment costs and tax) which exceeds the return of the S&P/NZX 90 Day Bank Bill Index over rolling one-year periods.
Value $9.7M NZD
Members 643
Market index description Assets invested in bank deposits
Period of data report Tue March 31st 2020
Fund started Fri April 1st 2011
Three-year average return 1.70%
Market index past year return 1.55%
Past year return net of charges and tax 1.74%
Past year return net of charges gross of tax 2.83%
Market index return since fund started 2.50%
Return since fund started net 1.40%
Total annual fund fees 1.05%
Total performance based fees 0.0%
Manager's basic fee 1.05%
Administration charges 0.0%
Total other charges 52.0
Total other charges currency NZD

Key Personnel

  • Jeffrey Paul Prestidge

    Currently: Director of Arotahi Trust Limited (0 years, 2 months)
    Previously: (None years, None months)

  • John Mckay Mason

    Currently: Director of Arotahi Trust Limited (7 years, 0 months)
    Previously: (None years, None months)

  • Kevin Cedric Sorensen

    Currently: Director of Arotahi Trust Limited (4 years, 2 months)
    Previously: (None years, None months)

  • Maurice Allen Hall

    Currently: Director of Arotahi Trust Limited (7 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 Tue March 31st 2020.

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2020 1.56% 1.7%
2019 2.36% 2.1%
2018 2.10% 1.3%
2017 1.65% 1.4%
2016 2.72% 2.1%
2015 4.23% 2.5%
2014 2.00% 2.0%
2013 3.15% 1.4%
2012 3.62% -1.9%

The market average is the average 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 Tue March 31st 2020.

Showing the top 10 investments for this fund:

  • Kiwibank Term Deposit
    New Zealand Cash and Cash Equivalent
    29.47%
  • Tsb Term Deposit
    New Zealand Cash and Cash Equivalent
    25.87%
  • Westpac Term Deposit
    New Zealand Cash and Cash Equivalent
    23.66%
  • BNZ Term Deposit
    New Zealand Cash and Cash Equivalent
    12.77%
  • Canterbury Education Trust
    New Zealand Cash and Cash Equivalent
    5.08%
  • ASB Term Deposit
    New Zealand NZ Fixed Interest
    2.07%
  • ANZ Current Account
    New Zealand Cash and Cash Equivalent
    1.08%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 30 June 2020 .

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 94.92% 94.92%
New Zealand Fixed Interest 5.08% 5.08%
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%
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 2020 .

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
    Does this fund say it excludes this?
    Actual holdings
  • 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 Tue March 31st 2020 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.

In their own words: "The fund is invested principally in term deposits with New Zealand-registered banks but also has a small exposure to a loan made on arm’s length terms to an organisation within the Brethren Christian Fellowship. Further diversification could happen once the fund reaches a critical size (as determined by the Trustee). The current investment objective for the fund is to achieve a real return (before investment costs and tax) which exceeds the return of the S&P/NZX 90 Day Bank Bill Index over rolling one-year periods."

Download the fund's disclosure statement and portfolio holdings.

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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.