QuayStreet Income Fund

In their own words: "A diversified portfolio of income producing assets that can include listed property and equities targeting a return above prevailing short term retail interest rates while preserving the real value of investments relative to inflation."

Not Mindful
Type: Conservative fund
Past Returns: 4.24%

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

Annual Fees: 0.79%

Annual fees, including membership and % management fee.

A summary of this fund and it's details.

Number FND827
Name QuayStreet Income Fund
Risk profile Conservative fund
Description A diversified portfolio of income producing assets that can include listed property and equities targeting a return above prevailing short term retail interest rates while preserving the real value of investments relative to inflation.
Value $840k NZD
Members 54
Market index description Market Index is the NZX 90 day Bank Bill Index.
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Tue March 10th 2015
Three-year average return 4.24%
Market index past year return 1.68%
Past year return net charges and tax 7.28%
Past year return net of charges gross of tax 8.73%
Market index return since fund started 2.38%
Return since fund started net 2.92%
Total annual fund fees 0.79%
Total performance based fees 0.0%
Manager's basic fee 0.64%
Administration charges 0.15%
Total other charges 40.04
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% 5.37%
2018 3.80% 2.98%
2017 4.16% 4.38%
2016 3.52% 8.78%

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:

  • Sydney Airport Inflation Linked (Nov 2020)
    Australia Int Fixed Interest
    3.37%
  • Cash ANZNZ (NZD)
    New Zealand Cash and Equivalents
    3.36%
  • Mirvac (Mar 2027)
    Australia Int Fixed Interest
    3.17%
  • Seek Frn (April 2022)
    Australia Int Fixed Interest
    2.93%
  • ANZ New Zealand Term Deposit 2.11% 23/7/2020
    New Zealand Cash and Equivalents
    2.9%
  • Chorus (May 2021)
    New Zealand NZ Fixed Interest
    2.83%
  • Lend Lease (May 2026)
    Australia Int Fixed Interest
    2.6%
  • Precinct Properties (Dec 2021)
    New Zealand NZ Fixed Interest
    2.53%
  • Powerco (Sep 2022)
    New Zealand NZ Fixed Interest
    2.52%
  • Nextdc Frn (June 2022)
    Australia Int Fixed Interest
    2.5%

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 10.0% 19.18%
New Zealand Fixed Interest 70.0% 37.87%
International Fixed Interest 0.0% 36.62%
Australasian Equities 10.0% 2.82%
International Equities 0.0% 0.0%
Listed Properties 10.0% 3.51%
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

  • Andrew South

    Currently: Investment Manager Australasian Equities (5 years, 6 months)
    Previously: Chief Investment Officer, Brook Asset Management Limited (4 years, 1 months)

  • James Ring

    Currently: Investment Manager International Equities (5 years, 6 months)
    Previously: Investment Manager, Rank Group Limited (1 years, 0 months)

  • Roy Cross

    Currently: Senior Analyst (5 years, 6 months)
    Previously: Senior Analyst, Brook Asset Management Limited (8 years, 7 months)

  • Stefan Stevanovic

    Currently: Senior Analyst (5 years, 6 months)
    Previously: Research Analyst, Brook Asset Management Limited (6 years, 7 months)

  • Xavier Waterstone

    Currently: Senior Analyst (1 years, 4 months)
    Previously: Senior Analyst, Diogenes Research Pty Limited (1 years, 6 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:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    3.46%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • 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

Apt Pipelines (March 2025) 2.34%
Apt Pipelines (Oct 2022) 1.12%

Download the fund's disclosure statement and portfolio holdings.

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