AON Russell Lifepoints® Balanced Fund

In their own words: "To produce returns in excess of inflation by investing with a higher allocation to growth assets than income assets."

Not Mindful
Type: Balanced fund
Past Returns: 7.32%

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

Annual Fees: 1.16%

Annual fees, including membership and % management fee.

A summary of this fund and it's details.

Number FND1176
Name AON Russell Lifepoints® Balanced Fund
Risk profile Balanced fund
Description To produce returns in excess of inflation by investing with a higher allocation to growth assets than income assets.
Value $190M NZD
Members 11,900
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 Tue Dec. 31st 2019
Fund started Sun Sept. 30th 2007
Three-year average return 7.32%
Market index past year return 19.14%
Past year return net charges and tax 16.05%
Past year return net of charges gross of tax 17.49%
Market index return since fund started 10.48%
Return since fund started net 8.22%
Total annual fund fees 1.16%
Total performance based fees 0.0%
Manager's basic fee 1.04%
Administration charges 0.12%
Total other charges 49.8
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 5.68% 5.23%
2018 5.63% 8.15%
2017 6.10% 8.58%
2016 4.01% 4.35%
2015 11.09% 13.61%
2014 7.28% 9.57%
2013 10.75% 11.43%
2012 1.75% 3.02%
2011 5.30% 7.27%
2010 16.19% 29.47%

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:

  • Russell Investments Global Fixed Interest Fund
    New Zealand Int Fixed Interest
    31.24%
  • Russell Investments Hedged Global Shares Fund
    New Zealand International Equities
    20.86%
  • Russell Investments NZ Shares Fund
    New Zealand Australasian Equities
    20.28%
  • Russell Investments Global Shares Fund
    New Zealand International Equities
    19.89%
  • Russell Investments NZ Fixed Interest Fund
    New Zealand NZ Fixed Interest
    7.73%

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 0.0% 0.0%
New Zealand Fixed Interest 8.0% 7.73%
International Fixed Interest 32.0% 31.24%
Australasian Equities 20.0% 20.28%
International Equities 40.0% 40.75%
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

  • Amanda Beeslaar

    Currently: Principal and Head of Retirement Products, Aon New Zealand (2 years, 6 months)
    Previously: Principal and KiwiSaver Sales and Service Manager, Aon New Zealand (9 years, 4 months)

  • Dennis Church

    Currently: Director, Aon Saver Limited (0 years, 8 months)
    Previously: General Manager, Public Trust Corporate Trustee Services (9 years, 6 months)

  • Enzo Cutrupi

    Currently: Director, Aon Saver Limited (2 years, 1 months)
    Previously: Principal and Head of Product and Investment, Aon Australia (current position) (6 years, 9 months)

  • Helen Mckenzie

    Currently: Director, Aon Saver Limited (0 years, 8 months)
    Previously: Director, Superannuation Management Nominees Limited (current position) (3 years, 2 months)

  • Simon Ferry

    Currently: Manager of Retirement & Financial Management, Aon New Zealand (2 years, 8 months)
    Previously: Retirement Business Leader, Mercer Hong Kong (4 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:
    0.71%
  • Animal Testing:
    3.01%
  • Fossil Fuels:
    2.96%
  • Gambling:
    0.56%
  • GMOs:
    0.31%
  • Human Rights & Environmental Violations:
    1.68%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.08%
  • Weapons:
    0.40%

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:

Fossil Fuel

Petroleos Mexicanos 0.01%
Shell International Fin 0.01%
Marathon Petroleum Corp 0.05%
Total Capital Intl Sa 0.04%
Husky Energy Inc 0.04%
Newfield Exploration Co 0.04%
Conocophillips Company 0.04%
Eqm Midstream Partners L 0.02%
Petrobras Global Finance 0.02%
Energy Transfer Operatng 0.02%
Chevron Corp 0.03%
Ypf Sociedad Anonima 0.01%
Bp Plc 0.17%
Suncor Energy Inc 0.11%
Royal Dutch Shell Plc-B Shs 0.08%
Anglo American Plc 0.05%
Exxon Mobil Corp 0.05%
Tullow Oil Plc 0.05%
Royal Dutch Shell Plc-A Shs 0.01%
Gazprom Pjsc 0.03%
Bp Plc-Spons Adr 0.03%
Engie 0.02%
Lukoil Pjsc 0.02%
Reliance Industries Ltd 0.02%
Nextera Energy Inc 0.02%
S-Oil Corp 0.02%
Petrobras Distribuidora Sa 0.02%
South32 Ltd 0.01%
Lundin Petroleum Ab 0.01%
Gs Holdings 0.01%
Hindustan Petroleum Corp 0.01%
Petrochina Co Ltd-H 0.01%
Conocophillips 0.01%
Canadian Natural Resources 0.01%
Sk Innovation Co Ltd 0.01%
Mol Hungarian Oil and Gas Pl 0.01%
Phillips 66 0.01%
Adaro Energy Tbk Pt 0.01%
Rosneft Oil Co Pjsc 0.01%
Cnooc Ltd 0.01%
Petrobras - Petroleo Bras-Pr 0.01%
China Petroleum & Chemical-H 0.01%
Indian Oil Corp Ltd 0.01%
Transneft Pjsc 0.01%
Cosan Sa 0.01%

Weapons

United Technologies Corp 0.07%
Qinetiq Group Plc 0.05%
Meggitt Plc 0.02%
Leidos Holdings Inc 0.02%
Chemring Group Plc 0.02%
Curtiss-Wright Corp 0.01%
Mitsubishi Heavy Industries 0.01%

Tobacco

Essentra Plc 0.03%

Gambling

Las Vegas Sands Corp 0.03%
Sands China Ltd 0.01%
Kangwon Land Inc 0.02%
Grand Korea Leisure Co Ltd 0.02%
Sky City Entertainment Group 0.45%

Alcohol

Diageo Plc 0.10%
Heineken Nv 0.06%
Kirin Holdings Co Ltd 0.04%
Stock Spirits Group Plc 0.03%
United Spirits Ltd 0.02%
Asahi Group Holdings Ltd 0.02%
Carlsberg As-B 0.02%
Delegat Group Ltd 0.09%

Palm Oil

GMOs

Bayer Ag 0.06%
Syngenta Finance Nv 0.02%
Novartis Ag-Reg 0.11%

Human Rights & Environmental Violations

Shell International Fin 0.01%
Vale Overseas Limited 0.04%
Johnson & Johnson 0.20%
Nestle Holdings Inc 0.03%
Chevron Corp 0.03%
Nestle Sa-Reg 0.25%
Royal Dutch Shell Plc-B Shs 0.08%
Petroleo Brasileiro-Spon Adr 0.05%
Royal Dutch Shell Plc-A Shs 0.01%
Barrick Gold Corp 0.01%
Petrochina Co Ltd-H 0.01%
Duke Energy Corp 0.01%

Animal Testing

Reckitt Benckiser Tsy 0.067%
Shell International Fin 0.013%
Bayer Ag 0.058%
Newell Brands Inc 0.035%
Johnson & Johnson 0.202%
Nestle Holdings Inc 0.026%
Syngenta Finance Nv 0.022%
Procter & Gamble Co/The 0.069%
Chevron Corp 0.027%
Kraft Heinz Foods Co 0.013%
Nestle Sa-Reg 0.247%
Pepsico Inc 0.186%
Unilever Nv 0.112%
Glaxosmithkline Plc 0.100%
Royal Dutch Shell Plc-B Shs 0.078%
Colgate-Palmolive Co 0.055%
Coca-Cola Co/The 0.053%
Tesco Plc 0.039%
Royal Dutch Shell Plc-A Shs 0.012%
Danone 0.027%
Elementis Plc 0.016%
General Mills Inc 0.014%

Download the fund's disclosure statement and portfolio holdings.

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