Lifestages Capital Stable Portfolio

In their own words: "The Lifestages Capital Stable Portfolio aims to provide a low risk investment option. It is generally suitable if you want to have a ‘low risk’ investment portfolio which has the majority of its assets invested in cash and fixed interest investments."

Not Mindful
Type: Conservative fund
Past Returns: 3.23%

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

Annual Fees: 1.77%

Annual fees, including membership and % management fee.

A summary of this fund and it's details.

Number FND2938
Name Lifestages Capital Stable Portfolio
Risk profile Conservative fund
Description The Lifestages Capital Stable Portfolio aims to provide a low risk investment option. It is generally suitable if you want to have a ‘low risk’ investment portfolio which has the majority of its assets invested in cash and fixed interest investments.
Value $140M NZD
Members 7,651
Market index description 60% NZX NZ 90Day Bank Bill Index, 15% Bloomberg Barclays Global Aggregate Index Hedged to NZD, 6.5% NZX50 Gross Index, 3.5% S&P/ASX300 Accumulation Index in NZD, 15% MSCI World Index in NZD, 50 % Hedged to NZD.
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Sun Sept. 30th 2007
Three-year average return 3.23%
Market index past year return 8.58%
Past year return net charges and tax 6.78%
Past year return net of charges gross of tax 7.55%
Market index return since fund started 4.62%
Return since fund started net 3.46%
Total annual fund fees 1.77%
Total performance based fees 0.0%
Manager's basic fee 0.75%
Administration charges 1.02%
Total other charges 24.0
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 4.40% 3.01%
2018 3.80% 2.88%
2017 4.16% 3.79%
2016 3.52% 1.93%
2015 8.10% 5.05%
2014 3.88% 4.42%
2013 6.92% 4.43%
2012 3.16% 0.75%
2011 5.06% 2.48%
2010 10.26% 6.45%

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:

  • Hunter Global Fixed Interest Fund
    New Zealand Int Fixed Interest
    10.72%
  • Harbour NZ Equity Advanced Beta Fund
    New Zealand Australasian Equities
    7.47%
  • Ishares Wholesale Screened International Equity Index Fund (Class E2)
    Australia International Equities
    6.82%
  • Southland Building Society Term Deposit Maturity 03/02/20
    New Zealand Cash and Equivalents BBB
    5.27%
  • Southland Building Society Term Deposit Maturity 20/02/20
    New Zealand Cash and Equivalents BBB
    5.16%
  • Southland Building Society Term Deposit Maturity 20/03/20
    New Zealand Cash and Equivalents BBB
    5.15%
  • Southland Building Society Term Deposit Maturity 19/10/20
    New Zealand Cash and Equivalents BBB
    5.02%
  • Southland Building Society Term Deposit Maturity 20/04/20
    New Zealand Cash and Equivalents BBB
    4.37%
  • Southland Building Society Term Deposit Maturity 18/05/20
    New Zealand Cash and Equivalents BBB
    4.36%
  • Vanguard International Shares Select Exclusions Index Fund - NZD Hedged
    Australia International Equities
    3.95%

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 60.0% 60.09%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 15.0% 14.67%
Australasian Equities 10.0% 10.57%
International Equities 15.0% 14.67%
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

  • Damon O'Brien

    Currently: Independent Investment Committee member (4 years, 8 months)
    Previously: Chief Investment Officer, Consilium Limited (7 years, 9 months)

  • Derek Young

    Currently: Investment Committee member (15 years, 6 months)
    Previously: Executive Director, Funds Administration New Zealand Ltd (current) (15 years, 6 months)

  • Graham Duston

    Currently: Investment Committee member (18 years, 3 months)
    Previously: Chief Executive Officer, Funds Administration New Zealand Ltd (current) (18 years, 3 months)

  • Martin Pike

    Currently: Investment Strategist (4 years, 4 months)
    Previously: National Manager, Investment Product & Services, AMP Financial Services (2 years, 4 months)

  • Mike Skilling

    Currently: Non-executive Director / Investment Committee chairperson (3 years, 7 months)
    Previously: GM Business Financial Services & Private Banking, BNZ (8 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:
    0.15%
  • Animal Testing:
    0.84%
  • Fossil Fuels:
    0.71%
  • Gambling:
    0.34%
  • GMOs:
    0.09%
  • Human Rights & Environmental Violations:
    0.47%
  • Palm Oil:
    0.00%
  • Tobacco:
    %
  • Weapons:
    0.05%

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

Energy Transfer Partners Lp 150325 4.05 Cb 0.02%
Kinder Morgan Inc 011219 3.05 Cb 0.01%
Exxon Mobil Corp. 0.03%
Chevron Corp. 0.02%
Bp Plc 0.01%
Total Sa 0.01%
Royal Dutch Shell Plc Class A 0.01%
Nextera Energy Inc. 0.01%
Royal Dutch Shell Plc Class B 0.01%
Phillips 66 0.01%
Apa Group Units 0.02%
BHP Group Ltd 0.19%
Caltex Australia Ltd 0.01%
Oil Search Ltd 0.02%
Origin Energy Ltd 0.03%
Santos Ltd 0.02%
South32 Ltd 0.02%
Woodside Petroleum Ltd 0.05%

Weapons

Textron Inc 101120 Frn 0.01%

Gambling

Mgm Resorts International 011020 6.75 Cb 0.01%
Sky City Entertainment Group 0.23%
Aristocrat Leisure Ltd 0.03%
Tabcorp Holdings Ltd 0.02%

Alcohol

Anheuser Busch Inbev Nv 070325 1.75 Cb 0.03%
Pernod Ricard Sa 150122 4.45 Cb 0.02%
Lvmh Moet Hennessy Louis Vuitton Se 0.01%
Diageo Plc 0.01%
Treasury Wine Estates Ltd 0.02%

GMOs

Syngenta Finance Ag 230421 3.933 Cb 0.03%
Novartis Ag 0.02%
Novartis Ag-Reg 0.01%

Human Rights & Environmental Violations

Johnson & Johnson 0.06%
Nestle Sa 0.06%
Johnson & Johnson 0.03%
Nestle Sa 0.03%
Royal Dutch Shell Plc Class A 0.01%
Royal Dutch Shell Plc Class B 0.01%
BHP Group Ltd 0.19%

Animal Testing

Syngenta Finance Ag 230421 3.933 Cb 0.028%
Danone Sa 021121 2.077 Cb 0.023%
Tesco Property Finance Plc 130440 5.744 Sf 0.017%
Johnson & Johnson 0.063%
Nestle Sa 0.060%
Procter & Gamble 0.057%
Johnson & Johnson 0.032%
Nestle Sa 0.032%
Procter & Gamble Co. 0.030%
Coca-Cola Co. 0.021%
Pepsico Inc. 0.019%
Royal Dutch Shell Plc Class A 0.012%
Lvmh Moet Hennessy Louis Vuitton Se 0.012%
Glaxosmithkline Plc 0.011%
Royal Dutch Shell Plc Class B 0.011%
Procter & Gamble Co/The 0.025%
Lvmh Moet Hennessy Louis Vui 0.014%

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.