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LIFESTAGES KIWISAVER SCHEME

LIFESTAGES AUTO OPTION AGE 35 - 44

Funds Administration New Zealand Limited

Growth fund type

Here's what the provider says about this fund:

This life cycle investment stage invests 80% in the Lifestages High Growth Fund and 20% in the Lifestages Income Fund, which is regarded as providing appropriate levels of risk and return for a person aged 35-44.

Considering switching to this fund? Read the must-knows of switching funds before you start the switching process.

Combined fees

This fund
1.10%
vs
Average
1.38%

The combined fees are how much you would have been charged for the year ended 31 March 2021 on the average KiwiSaver balance.

All the averages you see are for this same type of fund, so you’re comparing apples with apples.

Show fees breakdown

Combined fees include

Membership fees per year

This fund
$24.00
Average
$25.01

Here you’ll find the total breakdown of the combined fees. These don’t include other fees such as for switching or withdrawing.

+ Total fund fees

This fund
1.00%
Average
1.27%
Annual management fee
0.75%
0.98%
Performance-based fees
0.00%
0.11%
Other fees and costs
0.25%
0.18%

Your KiwiSaver money is invested by a professional fund manager, so there are always fees to pay. Fees can have a big impact on your nest egg, especially in the long run, so it pays to keep a close eye on how they add up.

Must-knows of KiwiSaver fees.

Combined fees example

On a growth fund of $23,500 the annual fees would be approximately:

This fund
$259.00
Average
$324.30

Services

From the March 2021 KiwiSaver provider survey

This fund
57%
vs
Average
74%

We surveyed KiwiSaver providers on how many different ways they help their members with investment options, communicate with members, and the extra services they offer.

So this rating is more about the quantity than the quality of services. 

Show survey categories

Compare services

Help with investment options

This fund
72%
Average
77%

Communications to members

73%
81%

Other services

17%
61%

Here ‘help’ means things like online forms, tools, calculators and information on how to optimise your KiwiSaver. 

More communication is not always better communication, but if the provider gives you options on how you like to be reached, that usually helps.

These extras include a range of additional services that are helpful.

Must-knows of KiwiSaver service

Returns

Since July 2016

This fund
8.16%
vs
Average
9.53%

Warning about returns!

These show how funds have performed in the past, but that’s not a good guide to how they’ll perform in the future. Don’t switch funds based on past returns.

Show yearly returns

Compare past returns

All returns shown are after total fund fees (not membership fees) and tax (28% PIR).

Last twelve months

This fund
18.45%
Average
18.40%

April 2019 - March 2020

-6.00%
-3.03%

April 2018 - March 2019

6.76%
5.66%

April 2017 - March 2018

4.02%
6.15%

April 2016 - March 2017

8.64%
5.66%

The last twelve months refers to July 2020 to June 2021.

In general, it’s good to look at the longest possible time period when weighing returns. After all, with retirement savings, it’s the long game that counts.

Must-knows of KiwiSaver returns.

More fund details

Growth fund type

Which is the right type for me?

What’s in this fund

At 30 June 2021

This shows the actual mix of investments that this fund held on 30 June 2021. This mix continually changes because of market swings and managers’ rebalancing, so these percentages are a snapshot. But it will give you a good idea of where your money is being invested.

 

How this fund invests your money

How this fund invests your money
Cash Bonds Property Shares Other
Assets 5.29 17 2.21 72.89 2.61

Fund information

Number of members
1,130
Total value of fund
$25,883,131
Date fund started
14 Oct 2015

More information

More information can be found at:

www.lifestages.co.nz/kiwisaver/

Top 10 investments

These assets make up 78.96% of this fund.

Top 10 investments
Kind of investment Country Percentage of the fund Name
International equities AU 22.98 Ishares Wholesale Screened International Equity Index Fund (Class E2)
International equities AU 22.49 Vanguard Ethically Conscious International Shares Index Fund-Nzd Hedged
International fixed interest IE 6.16 Ishares Global Aggregate Bond Ucits Etf Nzd Hedged
International equities AU 6.15 Ishares Emerging Markets Imi Equity Index Fund
New Zealand fixed interest NZ 4.94 Harbour Nz Core Fixed Interest Fund
Australasian equities AU 4.71 Dimensional Australian Sustainability Trust
International fixed interest AU 3.37 Dimensional Two-Year Diversified Fixed Interest Trust €
Cash and cash equivalents NZ 3.02 Cash Deposit (Anz Bank)
Other AU 2.61 Vanguard Global Infrastructure Index Fund
International fixed interest AU 2.53 Vanguard Ethically Conscious Global Aggregate Bond Index Fund (Hedged)-Nzd Hedged

Key personnel

Key personnel
Name Current position Time in role
Graham Duston Investment Committee Member 19 years, 9 months
Damon O'Brien Independent Investment Committee Member 6 years, 2 months
Martin Pike Head Of Investments 5 years, 9 months
Mike Skilling Non-Executive Director / Investment Committee Chairperson 5 years, 1 months
Derek Young Investment Committee Member 17 years, 0 months