NZ Funds Inflation Strategy

In their own words: "The objective of the Inflation Strategy is to mitigate the impact of inflation on your investment over the medium and/or long term. The fund is anticipated to hold mainly Australasian and international bonds, and Australasian and international shares."

Not Mindful
Type: Growth fund
Past Returns: 4.23%

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

Annual Fees: 1.35%

Annual fees, including membership and % management fee.

A summary of this fund and it's details.

Number FND1581
Name NZ Funds Inflation Strategy
Risk profile Growth fund
Description The objective of the Inflation Strategy is to mitigate the impact of inflation on your investment over the medium and/or long term. The fund is anticipated to hold mainly Australasian and international bonds, and Australasian and international shares.
Value $56M NZD
Members 8,362
Market index description The market index is a composite index calculated using the market indices and weightings set out in the Statement of Investment Policy and Objectives.
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Mon Nov. 1st 2010
Three-year average return 4.23%
Market index past year return 19.24%
Past year return net charges and tax 16.6%
Past year return net of charges gross of tax 20.06%
Market index return since fund started 9.83%
Return since fund started net 5.03%
Total annual fund fees 1.35%
Total performance based fees 0.0%
Manager's basic fee 1.15%
Administration charges 0.2%
Total other charges 36.0
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 6.87% 4.92%
2018 7.63% 2.99%
2017 8.87% 4.79%
2016 3.62% -1.33%
2015 13.73% 12.41%
2014 8.43% 3.58%
2013 12.00% 10.24%
2012 -1.50% 0.02%

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:

  • Westpac 32 Day Term Deposit
    New Zealand Cash and Equivalents A-1+
    9.62%
  • BNZ Bank Bill 29/06/2020
    New Zealand NZ Fixed Interest A-1+
    9.47%
  • Westpac Current Account
    New Zealand Cash and Equivalents A-1+
    6.43%
  • National Australia Bank Income Securities Perpetual
    Australia Int Fixed Interest BBB-
    4.8%
  • Goldman Sachs NZD Margin Account
    United Kingdom Cash and Equivalents A-1
    3.73%
  • Mfa Financial
    United States Int Fixed Interest
    3.54%
  • First Quantum Minerals 6.875% 01/03/2026
    Canada Int Fixed Interest B
    3.19%
  • Suvretta Offshore Fund
    Cayman Islands International Equities
    3.17%
  • Suvretta Offshore Fund
    Cayman Islands International Equities
    3.11%
  • Uber Technologies 8% 01/11/2026
    United States Int Fixed Interest B-
    2.48%

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 5.0% 5.41%
New Zealand Fixed Interest 0.0% 14.66%
International Fixed Interest 13.0% 19.52%
Australasian Equities 30.0% 29.26%
International Equities 35.0% 29.1%
Listed Properties 5.0% 1.84%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.21%
Commodities 14.0% 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

  • David Haslam

    Currently: Senior Dealer (3 years, 0 months)
    Previously: Equities Trader, UBS NZ (0 years, 11 months)

  • David Wilson

    Currently: Chief Operating Officer - Investments and a Principal (1 years, 1 months)
    Previously: Investment Strategist, New Zealand Funds Management Limited (21 years, 11 months)

  • James Grigor

    Currently: Chief Investment Officer and a Principal (1 years, 1 months)
    Previously: Senior Portfolio Manager, New Zealand Funds Management Limited (1 years, 7 months)

  • Mark Brooks

    Currently: Head of Income and a Principal (12 years, 1 months)
    Previously: Senior Portfolio Manager, Credaris (3 years, 4 months)

  • Michael Lang

    Currently: Chief Executive and a Director (1 years, 3 months)
    Previously: Chief Investment Officer, New Zealand Funds Management Limited (10 years, 1 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
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.24%
  • Animal Testing:
    1.16%
  • Fossil Fuels:
    0.56%
  • Gambling:
    0.00%
  • GMOs:
    0.07%
  • Human Rights & Environmental Violations:
    0.12%
  • 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:

Fossil Fuel

Bp Plc 0.17%
Conocophillips 0.10%
Lyondellbasell Industries Nv 0.06%
Oil Search Ltd 0.06%
Tatneft Pao 0.05%
Total Sa 0.07%
Valero Energy Corp 0.05%

Alcohol

Lvmh Moet Hennessy Louis Vuitton Se 0.18%
Molson Coors Brewing Co 0.06%

GMOs

Dupont De Nemours Inc 0.07%

Human Rights & Environmental Violations

Nestle Sa 0.12%

Animal Testing

Croda International Plc 0.060%
Danone Sa 0.170%
Energizer Holdings Inc 0.630%
Lvmh Moet Hennessy Louis Vuitton Se 0.180%
Nestle Sa 0.120%

Download the fund's disclosure statement and portfolio holdings.

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