Lifestages Capital Stable Portfolio

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Not Mindful
Type: Conservative fund
Past Returns: 1.69%

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

Annual Fees: 1.64%

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.


Fossil Fuel

Enbridge Inc 180222 Frn 0.02%
Energy Transfer Partners Lp 150325 4.05 Cb 0.02%
Total Capital Canada Ltd 1.875000% 07/09/2020 0.04%
Evergy Inc 4.850000% 06/01/2021 0.03%
Total Capital Sa 4.450000% 06/24/2020 0.03%
Equinor Asa 2.000000% 09/10/2020 0.02%
Canadian Natl Resources 2.890000% 08/14/2020 0.01%
Exxon Mobil Corp. 0.02%
Chevron Corp. 0.01%
Nextera Energy Inc. 0.01%
BHP Group Ltd 0.15%

Weapons

Gambling

Las Vegas Sands Corp 250625 2.90 Cb 0.03%
Sands China Ltd 080828 5.4 Cb 0.01%
Sky City Entertainment Group 0.09%

Alcohol

Anheuser Busch Inbev Nv 070325 1.75 Cb 0.03%
Pernod Ricard Sa 150122 4.45 Cb 0.02%
Anheuser-Busch Inbev Sa/ 1.950000% 09/30/2021 0.03%

GMOs

Syngenta Finance Ag 230421 3.933 Cb 0.03%
Novartis Ag 0.01%

Human Rights & Environmental Violations

Johnson & Johnson 0.03%
Nestle Sa 0.02%
BHP Group Ltd 0.15%

Animal Testing

Syngenta Finance Ag 230421 3.933 Cb 0.030%
Danone Sa 021121 2.077 Cb 0.030%
Tesco Property Finance Plc 130440 5.744 Sf 0.020%
Bayer US Finance Ii Llc 151228 4.375 Cb 0.010%
Bayer US Finance Ii Llc 151225 4.25 Cb 0.010%
Reckitt Benckiser Treasury Services Plc 240622 Frn 0.010%
Johnson & Johnson 0.030%
Nestle Sa 0.030%
Nestle Finance Intl Ltd 1.250000% 05/04/2020 0.010%
Procter & Gamble Co. 0.020%
Coca-Cola Co. 0.020%
Pepsico Inc. 0.010%

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 June 30th 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 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 7,353
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.
Period of data report Tue June 30th 2020
Fund started Sun Sept. 30th 2007
Three-year average return 1.69%
Market index past year return 3.02%
Past year return net of charges and tax 1.35%
Past year return net of charges gross of tax 1.94%
Market index return since fund started 4.65%
Return since fund started net 3.48%
Total annual fund fees 1.64%
Total performance based fees 0.0%
Manager's basic fee 0.75%
Administration charges 0.89%
Total other charges 24.0
Total other charges currency NZD

Key Personnel

  • Damon O'Brien

    Currently: Independent Investment Committee member (5 years, 2 months)
    Previously: Chief Investment Officer, Consilium Limited (8 years, 3 months)

  • Damon O'Brien

    Currently: Independent Investment Committee member (5 years, 2 months)
    Previously: Chief Investment Officer, Consilium Limited (8 years, 3 months)

  • Damon O'Brien

    Currently: Independent Investment Committee member (5 years, 2 months)
    Previously: Chief Investment Officer, Consilium Limited (8 years, 3 months)

  • Damon O'Brien

    Currently: Independent Investment Committee member (5 years, 2 months)
    Previously: Chief Investment Officer, Consilium Limited (8 years, 3 months)

  • Damon O'Brien

    Currently: Independent Investment Committee member (5 years, 2 months)
    Previously: Chief Investment Officer, Consilium Limited (8 years, 3 months)

  • Damon O'Brien

    Currently: Independent Investment Committee member (5 years, 2 months)
    Previously: Chief Investment Officer, Consilium Limited (8 years, 3 months)

  • Damon O'Brien

    Currently: Independent Investment Committee member (5 years, 2 months)
    Previously: Chief Investment Officer, Consilium Limited (8 years, 3 months)

  • Damon O'Brien

    Currently: Independent Investment Committee member (5 years, 2 months)
    Previously: Chief Investment Officer, Consilium Limited (8 years, 3 months)

  • Derek Young

    Currently: Investment Committee member (16 years, 0 months)
    Previously: Executive Director, Funds Administration New Zealand Ltd (current) (16 years, 0 months)

  • Derek Young

    Currently: Investment Committee member (16 years, 0 months)
    Previously: Executive Director, Funds Administration New Zealand Ltd (current) (16 years, 0 months)

  • Derek Young

    Currently: Investment Committee member (16 years, 0 months)
    Previously: Executive Director, Funds Administration New Zealand Ltd (current) (16 years, 0 months)

  • Derek Young

    Currently: Investment Committee member (16 years, 0 months)
    Previously: Executive Director, Funds Administration New Zealand Ltd (current) (16 years, 0 months)

  • Derek Young

    Currently: Investment Committee member (16 years, 0 months)
    Previously: Executive Director, Funds Administration New Zealand Ltd (current) (16 years, 0 months)

  • Derek Young

    Currently: Investment Committee member (16 years, 0 months)
    Previously: Executive Director, Funds Administration New Zealand Ltd (current) (16 years, 0 months)

  • Derek Young

    Currently: Investment Committee member (16 years, 0 months)
    Previously: Executive Director, Funds Administration New Zealand Ltd (current) (16 years, 0 months)

  • Derek Young

    Currently: Investment Committee member (16 years, 0 months)
    Previously: Executive Director, Funds Administration New Zealand Ltd (current) (16 years, 0 months)

  • Graham Duston

    Currently: Investment Committee member (18 years, 9 months)
    Previously: Chief Executive Officer, Funds Administration New Zealand Ltd (current) (18 years, 9 months)

  • Graham Duston

    Currently: Investment Committee member (18 years, 9 months)
    Previously: Chief Executive Officer, Funds Administration New Zealand Ltd (current) (18 years, 9 months)

  • Graham Duston

    Currently: Investment Committee member (18 years, 9 months)
    Previously: Chief Executive Officer, Funds Administration New Zealand Ltd (current) (18 years, 9 months)

  • Graham Duston

    Currently: Investment Committee member (18 years, 9 months)
    Previously: Chief Executive Officer, Funds Administration New Zealand Ltd (current) (18 years, 9 months)

  • Graham Duston

    Currently: Investment Committee member (18 years, 9 months)
    Previously: Chief Executive Officer, Funds Administration New Zealand Ltd (current) (18 years, 9 months)

  • Graham Duston

    Currently: Investment Committee member (18 years, 9 months)
    Previously: Chief Executive Officer, Funds Administration New Zealand Ltd (current) (18 years, 9 months)

  • Graham Duston

    Currently: Investment Committee member (18 years, 9 months)
    Previously: Chief Executive Officer, Funds Administration New Zealand Ltd (current) (18 years, 9 months)

  • Graham Duston

    Currently: Investment Committee member (18 years, 9 months)
    Previously: Chief Executive Officer, Funds Administration New Zealand Ltd (current) (18 years, 9 months)

  • Martin Pike

    Currently: Investment Strategist (4 years, 9 months)
    Previously: National Manager, Investment Product & Services, AMP Financial Services (2 years, 4 months)

  • Martin Pike

    Currently: Investment Strategist (4 years, 9 months)
    Previously: National Manager, Investment Product & Services, AMP Financial Services (2 years, 4 months)

  • Martin Pike

    Currently: Investment Strategist (4 years, 9 months)
    Previously: National Manager, Investment Product & Services, AMP Financial Services (2 years, 4 months)

  • Martin Pike

    Currently: Investment Strategist (4 years, 9 months)
    Previously: National Manager, Investment Product & Services, AMP Financial Services (2 years, 4 months)

  • Martin Pike

    Currently: Investment Strategist (4 years, 9 months)
    Previously: National Manager, Investment Product & Services, AMP Financial Services (2 years, 4 months)

  • Martin Pike

    Currently: Investment Strategist (4 years, 9 months)
    Previously: National Manager, Investment Product & Services, AMP Financial Services (2 years, 4 months)

  • Martin Pike

    Currently: Investment Strategist (4 years, 9 months)
    Previously: National Manager, Investment Product & Services, AMP Financial Services (2 years, 4 months)

  • Martin Pike

    Currently: Investment Strategist (4 years, 9 months)
    Previously: National Manager, Investment Product & Services, AMP Financial Services (2 years, 4 months)

  • Mike Skilling

    Currently: Non-executive Director / Investment Committee chairperson (4 years, 1 months)
    Previously: GM Business Financial Services & Private Banking, BNZ (8 years, 0 months)

  • Mike Skilling

    Currently: Non-executive Director / Investment Committee chairperson (4 years, 1 months)
    Previously: GM Business Financial Services & Private Banking, BNZ (8 years, 0 months)

  • Mike Skilling

    Currently: Non-executive Director / Investment Committee chairperson (4 years, 1 months)
    Previously: GM Business Financial Services & Private Banking, BNZ (8 years, 0 months)

  • Mike Skilling

    Currently: Non-executive Director / Investment Committee chairperson (4 years, 1 months)
    Previously: GM Business Financial Services & Private Banking, BNZ (8 years, 0 months)

  • Mike Skilling

    Currently: Non-executive Director / Investment Committee chairperson (4 years, 1 months)
    Previously: GM Business Financial Services & Private Banking, BNZ (8 years, 0 months)

  • Mike Skilling

    Currently: Non-executive Director / Investment Committee chairperson (4 years, 1 months)
    Previously: GM Business Financial Services & Private Banking, BNZ (8 years, 0 months)

  • Mike Skilling

    Currently: Non-executive Director / Investment Committee chairperson (4 years, 1 months)
    Previously: GM Business Financial Services & Private Banking, BNZ (8 years, 0 months)

  • Mike Skilling

    Currently: Non-executive Director / Investment Committee chairperson (4 years, 1 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 Tue June 30th 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 1.07% -0.83%
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%

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 June 30th 2020.

Showing the top 10 investments for this fund:

  • Hunter Global Fixed Interest Fund
    New Zealand International Fixed Interest
    11.19%
  • Cash Deposit (ANZ Bank)
    New Zealand Cash and Equivalents
    9.49%
  • Ishares Wholesale Screened International Equity Index Fund (Class E2)
    Australia International Equities
    6.6%
  • Harbour NZ Equity Advanced Beta Fund
    New Zealand Australasian Equities
    6.59%
  • Southland Building Society Term Deposit Maturity 061117 19/10/20
    New Zealand Cash and Equivalents BBB
    5.18%
  • Southland Building Society Term Deposit Maturity 061117 03/11/20
    New Zealand Cash and Equivalents BBB
    4.42%
  • Southland Building Society Term Deposit Maturity 061117 18/05/21
    New Zealand Cash and Equivalents BBB
    4.39%
  • Dimensional Global Sustainability Trust – NZD Hedged Class Units
    Australia International Equities
    4.11%
  • Dimensional Two-Year Diversified Fixed Interest Trust – NZD Class Units
    Australia Int Fixed Interest
    3.86%
  • Vanguard Ethically Conscious International Shares Index Fund-NZD Hedged
    Australia International Equities
    3.78%

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 60.0% 60.34%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 15.0% 15.05%
Australasian Equities 10.0% 10.12%
International Equities 15.0% 14.49%
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:
    0.12%
  • Animal Testing:
    0.48%
  • Fossil Fuels:
    0.48%
  • Gambling:
    0.14%
  • GMOs:
    0.06%
  • Human Rights & Environmental Violations:
    0.36%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.01%

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 June 30th 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 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."

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.