Using the most recent returns and fund update reports from June 2022 Quarter, we will examine Pathfinder’s recent KiwiSaver Performance.
Pathfinder KiwiSaver Scheme, formerly known as Caresaver Kiwisaver, is an independent fund manager with a strong focus on Responsible Investment (RI). Pathfinder launched three ethical KiwiSaver funds in July 2019. These funds include conservative, balanced, and growth, with 4,981 total members on 31 March 2022. Pathfinder primarily invests in high environmental, social governance (ESG) rated companies, as these types of companies are committed to generating a positive impact on the planet.
In the June quarter, the cost of living in New Zealand significantly increased due to the negative impacts of Covid-19 and the Russian invasion of Ukraine. Furthermore, the Reserve Bank Of New Zealand (RBNZ) reports that inflation has reached a 32-year high of 7.3%. In response to this, the RBNZ has increased the official cash (OCR) to 3.0% percent taking it to a seven-year high to reduce inflation. Therefore, these societal and economic pressures have made it difficult for markets to perform, which can be seen in the returns for this quarter.
Table of Contents
News about Pathfinder
Performance of Pathfinder KiwiSaver Funds
Pathfinder Conservative Fund
Pathfinder Balanced Fund
Pathfinder Growth Fund
In recent news, Pathfinder has received numerous awards at the Mindful Money Awards event, an annual celebration of leadership in ethical and responsible investing in New Zealand. Pathfinder was awarded the best ethical KiwiSaver fund provider in 2021 and regaining this award in 2022. Pathfinder was also awarded the best ethical retail investment fund provider for 2022, which validates their KiwiSaver scheme’s mission of actively investing for a better world.
|
1 Month |
6 Month |
1 Year |
3 Year |
Since Inception |
|
|
Conservative |
-0.8% |
-1.0% |
-2.5% |
3.3% |
3.3% |
|
Balanced |
-2.0% |
-2.2% |
-5.2% |
6.8% |
6.6% |
|
Growth |
-2.4% |
-3.1% |
-7.3% |
10.1% |
10.2% |
Sourced from Pathfinder fund performance report.
* These returns are to 31 August 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 Pathfinder Quarterly Fund updates published on 30 June 2022.
The Pathfinder Conservative Fund aims to provide exposure to a portfolio of ethical income assets and a lower exposure to growth assets. The Conservative Fund has a 1-month return of -0.8% and a 1-year return of -2.5% lower since the inception of the fund return of 3.3%.
*The following is Sourced from Pathfinder Conservative Fund Update.
Returns
Fees
The total annual fees for investors in the Pathfinder Conservative Fund are 0.88% per year.
Investment mix
The investment mix shows the type of assets that the fund invests in.
Top ten investments
This table shows Pathfinder’s top 10 investments in the Conservative KiwiSaver Fund, which comprise 46.14% of the fund.
The Pathfinder Balanced Fund aims to provide exposure to a portfolio of ethical growth assets and income assets. The Balanced Fund has a 1-month return of -2.0% and a 1-year return of -5.2% lower since the inception of the fund return of 6.6%.
*The following is Sourced from Pathfinder Balanced Fund Update.
Returns
Fees
The total annual fees for investors in the Pathfinder Balanced Fund are 1.12% per year.
Investment mix
The investment mix shows the type of assets that the fund invests in.
Top ten investments
This table shows Pathfinder’s top 10 investments in the Balanced KiwiSaver Fund, which comprise 29.08% of the fund.
The Pathfinder Growth Fund aims to provide exposure to a portfolio of ethical growth assets and a lower exposure to income assets. The Growth Fund has a 1-month return of -2.4% and a 1-year return of -7.3% lower since the inception of the fund return of 10.2%.
*The following is Sourced from Pathfinder Growth Fund Update.
Returns
Fees
The total annual fees for investors in the Pathfinder Growth Fund are 1.33% per year.
Investment mix
The investment mix shows the type of assets that the fund invests in.
Top ten investments
This table shows Pathfinder’s top 10 investments in the Growth KiwiSaver Fund, which comprise 29.02% of the fund.
Data for Pathfinder KiwiSaver funds have been sourced from Pathfinder KiwiSaver Funds. Past performance is not necessarily an indicator of future performance, and return periods may differ.
To see if Pathfinder has the appropriate fund that aligns with your values, retirement goals and situation, complete National Capital’s KiwiSaver Healthcheck.