Using the most recent returns and fund update reports from June 2022, we will examine Lifestages’s recent KiwiSaver Performance.
Lifestages is a part of the operating division of the SBS bank subsidiary Funds Administration New Zealand Limited (FANZ). Lifestages KiwiSaver programme currently oversees eight funds with a total fund under administration of NZ$366 million for 19,152 clients.
The New Zealand market underperformed in July due to the pandemic's effects. The negative returns during this time demonstrate the wide-ranging effects, such as the increase in inflation and living expenses. Despite this, the outlook for the future development of these funds is more positive because border restrictions in New Zealand are opening, and markets are progressively returning to normal after numerous lockdowns.
Table of Contents
Performance of Lifestages KiwiSaver Funds
Recently, Lifestages partnered with the organisation, Mindful Money, to support their mission for greater transparency and adoption of responsible investing practices. They offered to sponsor the company’s “Best Net Zero and Climate Action Investor” Award in 2022. This award recognises asset management companies that have demonstrated outstanding and measurable progress toward transitioning to a low-carbon economy. Considering carbon intensity and exposure to fossil fuels have been a key focus of Lifestages’ investment approach, Lifestages wants to be pat in congratulating those other fund managers who are also investing ethically.
|
1 month |
3 months |
1 year |
3 years |
5 years |
|
|
Income |
2.21% |
0.38% |
-4.48% |
-0.65% |
0.96% |
|
High Growth |
5.92% |
-1.16% |
-5.64% |
5.27% |
7.52% |
Sourced from Lifestages fund performance report
*These returns are to 31 July 2022 and are before tax and after fund management fees. Past performance is not necessarily an indicator of future performance, and return periods may differ.
Note: The following information is sourced from Lifestages Quarterly Fund updates published on 28 July 2022.
The fund aims to provide investors with a low-risk investment option that primarily invests in assets that generate income, with cash and fixed interest investments making up most of these investments. The Fund may also invest in listed real estate, infrastructure, and high dividend-paying stocks. The fund has one year return of -4.48%, and five years return of 0.96%
*The following is Sourced from Lifestages Income Fund Update
Returns
Fees
The total annual fees for investors in the Lifestages Income Fund are 0.81% per year, with additional membership fees of $24 per year.
Investment mix
The investment mix is 100% cash and cash equivalents due to being an Income Fund.
Top ten investments
This table shows Lifestages’s top 10 investments in the Cash KiwiSaver Fund, which comprise 80.17% of the fund.
The fund invests primarily in a diverse range of New Zealand and foreign growth assets, with a minor portion maintained in cash, with the goal of long-term capital growth for investors. The fund has one year return of -5.64%, and five years return of 7.52%
*The following is Sourced from Lifestages High Growth Fund Update
Returns
Fees
The total annual fees for investors in the Lifestages High Growth Fund are 1.08% per year, with additional membership fees of $24 per year.
Investment mix
The investment mix shows the type of assets that the fund invests into.
Top ten investments
This table shows Lifestages’s top 10 investments in the Growth KiwiSaver Fund, which comprise 57.87% of the fund.
Data for Lifestages KiwiSaver funds have been sourced from Lifestages KiwiSaver Funds. Past performance is not necessarily an indicator of future performance, and return periods may differ.
To see if Lifestages has the appropriate fund that aligns with your values, retirement goals and situation, complete National Capital’s KiwiSaver Healthcheck.