Westpac CPP Fund No. 4

In their own words: "The CPP Fund No. 4 aims to protect each member's initial invested capital on the maturity of the fund.The assets of the fund are dynamically allocated between growth assets and zero coupon bonds or deposits according to prescribed asset allocation rules. The fund is closed to further investment and is currently expected to mature on or about 30 September 2021."

Not Mindful
Type: Aggressive fund
Past Returns: 9.60%

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

Annual Fees: 1.59%

Annual fees, including membership and % management fee.

A summary of this fund and it's details.

Number FND606
Name Westpac CPP Fund No. 4
Risk profile Aggressive fund
Description The CPP Fund No. 4 aims to protect each member's initial invested capital on the maturity of the fund.The assets of the fund are dynamically allocated between growth assets and zero coupon bonds or deposits according to prescribed asset allocation rules. The fund is closed to further investment and is currently expected to mature on or about 30 September 2021.
Value $24M NZD
Members 3,168
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 Mon Oct. 3rd 2011
Three-year average return 9.60%
Market index past year return 27.82%
Past year return net charges and tax 23.98%
Past year return net of charges gross of tax 25.08%
Market index return since fund started 15.08%
Return since fund started net 11.95%
Total annual fund fees 1.59%
Total performance based fees 0.0%
Manager's basic fee 0.64%
Administration charges 0.95%
Total other charges 27.0
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 10.11% 7.23%
2018 6.68% 12.47%
2017 11.18% 9.1%
2016 4.51% 4.71%
2015 15.30% 17.67%
2014 10.31% 13.21%
2013 13.23% 13.22%

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:

  • A2 Milk Company Ltd
    New Zealand Australasian Equities
    4.7%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities N/A
    4.3%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    2.94%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    2.82%
  • Meridian Energy Limited
    New Zealand Australasian Equities N/A
    1.95%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.73%
  • Ebos Group Ltd
    New Zealand Australasian Equities
    1.69%
  • Mercury NZ Limited
    New Zealand Australasian Equities
    1.43%
  • Ryman Healthcare Ltd
    New Zealand Australasian Equities
    1.34%
  • Infratil Ltd
    New Zealand Australasian Equities
    1.16%

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% 0.92%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 40.0% 39.78%
International Equities 60.0% 59.3%
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

  • Angelika Sansom

    Currently: Investment Analytics Manager (18 years, 4 months)
    Previously: Investment Consultant, Mercer (2 years, 4 months)

  • Francois Richeboeuf

    Currently: Senior Portfolio Manager (9 years, 2 months)
    Previously: Head of Fixed Income and Portfolio Manager, Rand Merchant Bank Asset Management (3 years, 1 months)

  • Matthew Goldsack

    Currently: Head of Investment Solutions (11 years, 0 months)
    Previously: Head of Research, AXA Global Investors (7 years, 10 months)

  • Nigel Jackson

    Currently: Acting Head of Investments & Insurance (2 years, 10 months)
    Previously: Head of Customer Proposition (7 years, 7 months)

  • Stephen Hong

    Currently: Senior Portfolio Manager (7 years, 3 months)
    Previously: Portfolio Manager, AXA Global Investors (5 years, 9 months)

  • Teresa Brandts - Giesen

    Currently: Portfolio Analyst (1 years, 0 months)
    Previously: Senior Business Intelligence Developer and Insight Analyst, Westpac New Zealand Limited (1 years, 9 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:
    1.45%
  • Animal Testing:
    4.19%
  • Fossil Fuels:
    2.01%
  • Gambling:
    1.51%
  • GMOs:
    0.47%
  • Human Rights & Environmental Violations:
    1.40%
  • Palm Oil:
    0.12%
  • Tobacco:
    0.00%
  • Weapons:
    0.20%

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

Nextera Energy, Inc. 0.19%
Total Sa 0.17%
BHP Group Plc 0.11%
Anglo American Plc 0.09%
Repsol Sa 0.09%
Exxon Mobil Corporation 0.09%
Conocophillips 0.09%
Kinder Morgan Inc Class P 0.08%
Magellan Midstream Partners, L.P. 0.08%
Chevron Corporation 0.08%
Cnooc Limited 0.08%
Eog Resources, Inc. 0.07%
Royal Dutch Shell Plc Class A 0.07%
Bp P.L.C. 0.07%
Eni S.P.A. 0.07%
Lundin Petroleum Ab 0.05%
Engie Sa 0.05%
Enerplus Corporation 0.04%
Japan Petroleum Exploration Co., Ltd. 0.04%
Devon Energy Corporation 0.03%
Marubeni Corporation 0.03%
Tullow Oil Plc 0.03%
Royal Dutch Shell Plc Class B 0.02%
Reliance Industries Limited Sponsored Gdr 144A 0.02%
Glencore Plc 0.02%
Southwestern Energy Company 0.02%
Jxtg Holdings. Inc. 0.02%
Lyondellbasell Industries Nv 0.02%
Etablissements Maurel & Prom Sa 0.02%
Enagas Sa 0.02%
Ptt Global Chemical Plc Nvdr 0.01%
Ptt Public Co., Ltd. Nvdr 0.01%
Phillips 66 0.01%
Gazprom Pjsc Sponsored Adr 0.01%
Oil Company Lukoil Pjsc Sponsored Adr 0.01%

Weapons

United Technologies Corporation 0.14%
Chemring Group Plc 0.04%
Mitsubishi Heavy Industries, Ltd. 0.01%

Gambling

Sky City Entertainment Group 1.10%
Galaxy Entertainment Group Limited 0.07%
Playtech Plc 0.06%
Las Vegas Sands Corp. 0.05%
Genting Singapore Limited 0.04%
Wynn Macau Ltd. 0.03%
Mgm China Holdings Limited 0.03%
Genting Bhd. 0.03%
Kangwon Land, Inc. 0.03%
Melco International Development Limited 0.03%
Wynn Resorts, Limited 0.02%
Sands China Ltd. 0.02%

Alcohol

Lvmh Moet Hennessy Louis Vuitton Se 0.36%
Diageo Plc 0.28%
Pernod Ricard Sa 0.28%
Heineken Nv 0.12%
Carlsberg A/S Class B 0.09%
Constellation Brands, Inc. Class A 0.08%
Ambev Sa Sponsored Adr 0.08%
Davide Campari-Milano S.P.A. 0.06%
Ambev Sa 0.04%
Tsingtao Brewery Co., Ltd. Class H 0.03%
Anheuser-Busch Inbev Sa/Nv 0.02%

Palm Oil

Malaysia Airports Holdings Bhd. 0.04%
Genting Bhd. 0.03%
Sime Darby Property Bhd. 0.03%

GMOs

Bayer Ag 0.28%
Novartis Ag 0.08%
Stora Enso Oyj Class R 0.04%
Genting Bhd. 0.03%
Basf Se 0.03%

Human Rights & Environmental Violations

Nestle S.A. 0.50%
Johnson & Johnson 0.26%
BHP Group Plc 0.11%
Chevron Corporation 0.08%
Royal Dutch Shell Plc Class A 0.07%
Freeport-Mcmoran, Inc. 0.07%
Sempra Energy 0.06%
Petroleo Brasileiro Sa Pfd 0.06%
Barrick Gold Corporation 0.04%
Genting Bhd. 0.03%
Jbs S.A. 0.03%
Royal Dutch Shell Plc Class B 0.02%
Glencore Plc 0.02%
Bunge Limited 0.01%

Animal Testing

Nestle S.A. 0.500%
Lvmh Moet Hennessy Louis Vuitton Se 0.360%
Colgate-Palmolive Company 0.340%
Bayer Ag 0.280%
Johnson & Johnson 0.260%
Reckitt Benckiser Group Plc 0.260%
Danone Sa 0.240%
Akzo Nobel N.V. 0.170%
Procter & Gamble Company 0.160%
Ppg Industries, Inc. 0.160%
Air Liquide Sa 0.140%
Shiseido Company,Limited 0.130%
Pepsico, Inc. 0.100%
Ecolab Inc. 0.080%
Burberry Group Plc 0.080%
Chevron Corporation 0.080%
Coca-Cola Company 0.080%
Royal Dutch Shell Plc Class A 0.070%
Symrise Ag 0.060%
L'Oreal Sa 0.060%
Chr. Hansen Holding A/S 0.060%
Unilever Nv 0.060%
General Mills, Inc. 0.060%
Beiersdorf Ag 0.050%
Givaudan Sa 0.050%
Kikkoman Corporation 0.050%
Kraft Heinz Company 0.040%
Henkel Ag & Co. Kgaa 0.030%
Coca-Cola Hbc Ag 0.030%
Basf Se 0.030%
Kimberly-Clark Corporation 0.030%
Coca-Cola Bottlers Japan Holdings Inc. 0.020%
Royal Dutch Shell Plc Class B 0.020%
L Brands, Inc. 0.020%
Unilever Plc 0.020%

Download the fund's disclosure statement and portfolio holdings.

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