Using the most recent returns and fund update reports from 30 September 2022, we will examine Pathfinder’s recent KiwiSaver Performance.
Formerly known as Caresaver KiwiSaver, Pathfinder KiwiSaver Scheme is an independent fund manager with a strong commitment to responsible investment (RI). One of the three actively managed KiwiSaver funds that the company provides, ranging from low-risk to high-risk, is a conservative fund. Pathfinder only invests in businesses with high ESG ratings since it is a strong proponent of ethical investing. They believe that these companies are good for the world and its inhabitants.
Many companies have had global climate challenges including climate change, rising temperatures, and fires, as well as ethically controlling external debt in the current economic climate. Inflation and the enduring economic effects of COVID-19 continue to envelop the markets. This is demonstrated by the fact that a number of KiwiSaver providers experienced negative returns on funds this quarter. These factors contribute to the turmoil in the market. The Reserve Bank of New Zealand is still increasing the official cash rate in an effort to lower this volatility and inflation. Favourable market trends may emerge when these issues are minimised.
Table of Contents
Performance of Pathfinder KiwiSaver Funds
News about Pathfinder
Pathfinder has focused on shifting from investing in companies involved in the production of cement, steel and plastics. Their sustainable goals have seen the firm invest heavily in the Goodman Property as well as the Auckland Airport, as they are carbon neutral or will be by 2030 respectively. Other recently invested companies (such as Mainfreight) have carbon-zero goals set to be achieved by 2050. The company state they have implemented an aggressive approach to investing in sustainable companies.
Animal products create more greenhouse gas emissions than the entire transport sector. Pathfinder states they don’t invest in companies orientated with factory farming and encourage consumers to do the same. These two recent factors highlight the company's continued goal of investing sustainably.
Performance of Pathfinder KiwiSaver Funds
|
1 Month |
6 Month |
1 Year |
3 Year |
Since Inception |
|
|
Conservative |
0.3% |
-0.9% |
-3.0% |
3.1% |
2.9% |
|
Balanced |
2.1% |
-3.1% |
-7.3% |
6.1% |
5.7% |
|
Growth |
2.5% |
-4.3% |
-10.2% |
8.9% |
8.9% |
Sourced from Pathfinder fund performance report
* These returns are to 31 October 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 31 October 2022.
Pathfinder Conservative Fund
The Fund is an ethically sound investment portfolio that has a greater exposure to income assets and a lesser exposure to growth assets. As opposed to the Pathfinder KiwiSaver Balanced Fund or Pathfinder KiwiSaver Growth Fund, this Fund's value is unlikely to change as much. The fund had a six-month return of -0.9% and a one-year return of -3.0%, being less than the return since inception of 2.9%.
*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 Pathfiners’s top 10 investments in the Conservative KiwiSaver Fund, which make up 48.14% of the fund.
Pathfinder Balanced Fund
The Fund is an ethical investment portfolio with a proportionate exposure to growth and income assets. Compared to the Pathfinder KiwiSaver Conservative Fund and the Pathfinder KiwiSaver Growth Fund, this Fund's value is more likely to change. The balanced fund has a six-month return of -3.1% and a one-year return of -7.3, being lower than the return since inception of 5.7%.
*The following is Sourced from Pathfinder Balanced Fund Update.
Returns
Fees
The total annual fees for investors in the Pathfinder Balanced Fund are 1.18% 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 make up 48.14% of the fund.
Pathfinder Growth Fund
The Fund is an ethical portfolio that invests more in growth assets and less in income assets. Compared to the Pathfinder KiwiSaver Conservative Fund and Pathfinder KiwiSaver Balanced Fund, this Fund's value is expected to fluctuate more. The fund had a six-month return 0f -4.3% and a one-year return of -10.2%, being less than the return since inception of 8.9%.
*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 make up 28.64% 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.
