KIWIWRAP KIWISAVER SCHEME - INVESTMENT OPTIONS SUPPLEMENT - COMPOUND WEALTH
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KiwiWRAP KiwiSaver Scheme Investment Options Supplement 1 January 2021 Issued by Consilium NZ Limited This Investment Options Supplement is provided by Consilium under an exemption that the KiwiWRAP KiwiSaver Scheme has from some of the requirements of the Financial Markets Conduct Act 2013 and Financial Markets Conduct Regulations 2014. You can find a copy of the exemption notice on FMA’s website at www.fma.govt.nz/ compliance/exemptions/current-exemption-notices/financial-markets-conduct-act- exemptions. This document should be read alongside the KiwiWRAP KiwiSaver Scheme Product Disclosure Statement.
Description of your investment options
A description of the investment options that are currently available to Members, and the estimated annual fund charges for
those investment options are in the table from page 5. All capitalised terms in this IOS have the same meanings as defined for
them in the KiwiWRAP KiwiSaver Scheme Trust Deed.
Please note that:
• Any additions to the investment options will only be updated quarterly
• The eligibility of all investments will be reviewed at least annually and may result in the removal of certain
investment options. Refer to Section 3 of the Product Disclosure Statement for more details
• Any changes to the estimated total annual fund charges, other charges and any individual action fees in respect
of each investment option will only be updated annually
• Consilium is not associated with any investment option provider
• Consilium does not provide any guarantee of the performance of any investment option
Fees
Annual Scheme fee Member funds Manager fee per annum excl GST
Consilium, as the Manager of the Scheme, charges Members All assets* 0.29%
the fees detailed below. These fees include the services of
Cash of all currencies** 0.00%
the Manager, the Custodian and the Supervisor, but excludes
Adviser fees and any fees charged by third parties in relation *excluding cash held in the cash management account.
to the underlying investments or transactions of a Member’s **held in the cash management account.
Personal Plan. These fees are included in the total estimated fund charge in
the investment options table on page 5.
Understanding the total estimated fund charge
In the investment options table beginning on page 5 there Annual Scheme fee — detailed above and is the fee paid
are several fees displayed. To understand the total annual to Consilium as Manager of the Scheme. Annual underlying
fee you will pay for holding a specific investment you need investment fee is the ongoing fee charged by the issuer for
to know what each fee is. managing and implementing each specific investment. These
fees are made up of management fees, expense recoveries
Individual action fee — a fee charged by the issuer of
and indirect costs. As a result, the annual underlying
the investment option to buy, sell or make another other
investment fees published by the issuer are estimates only
transaction. A buy/sell spread is the difference in the unit
and the actual costs incurred may differ slightly.
price between what someone pays when buying versus what
someone will get for selling. Total annual estimated fund charge as a percentage of
net asset value is the annual underlying investment fee plus
Performance fee — a fee charged by the issuer of an
the annual scheme fee.
investment when they outperform a specific target. This
means they get paid some of the extra performance earned. Every year you can expect to pay the annual estimated
fund charges as a percentage of net asset value plus any
performance fees, plus any buy/sell spreads or individual
action fees, when you make a transaction.
1 Investment Options SupplementIndividual action fees
There are no fees charged by the Manager for establishment, contributions, withdrawals or closures. The investments you have
selected may charge fees for contributions and withdrawals.
Refer to brokerage fees below and the investment options table on page 5.
Brokerage fees Currency conversion fee
Brokerage charges including minimum brokerage and You will be charged a currency conversion fee by the
additional charges for key markets can be found in the Custodian when you convert one currency to another. The
following table. Note that additional charges vary depending fee is a proportion of the amounts converted. The fees for
on the exchange traded on. Currencies with multiple markets major currencies are below and the fees for all currency pairs
do not have other charges listed in the table. Always check can be found in the Custodian Disclosure Statement. The fees
the details of the relevant exchange before loading orders. are in PIPs. A PIP is a percentage in point which is the smallest
This schedule only applies to the default brokerage option price change that a given exchange rate can make, for most
Consilium has established with the Custodian, not any other currencies this is $0.0001 so a 25 PIP fee equates to a fee of
arrangements Advisers may have entered into directly with $0.0025 NZD per NZD sold.
a broker. Your Adviser will inform you if their brokerage rates
differ from this table. For example, to sell NZD and purchase $10,000 AUD at an
exchange rate of 0.94, you will pay approximately $27 NZD in
fees.
Additional
Currency pair Fee (PIPs)
Broker Min Brokerage Agency/Other
Currency Charge (Local Currency) Charge NZD/AUD 25
NZD 0.20% 25.00 $5.50 NZX fee NZD/USD 50
AUD 0.20% 25.00
NZD/GBP 25
0.50% Stamp duty
GBP 0.40% 50.00
on purchases NZD/EUR 60
USD 0.40% 50.00
EUR 0.40% 50.00 The Custodian also collects a margin when they are
HKD 0.40% 50.00 instructed to convert money from one currency to another.
SGD 0.40% 50.00 This margin may be up to 1% of the transaction and
the amount collected is disclosed to you in your regular
CAD 0.40% 50.00
reporting.
JPY 0.40% 50.00
See the Custodian’s Disclosure Statement for the full list
of currencies and fees.
2 Investment Options SupplementOther charges
Cash administration fee Adviser fees
The Custodian will hold your cash with ANZ Bank New Your Adviser may charge the following fees:
Zealand Limited and has negotiated an interest rate with A fee covering their initial advice on investment selection
them. Before paying interest to you, the Custodian will and ongoing monitoring of your Personal Plan against your
deduct and retain a margin from that interest. The deduction
investment objectives. These fees are agreed between you
of the cash administration fee by the Custodian means the
and your Adviser and confirmed to Consilium.
interest that you receive on your cash balance will be less
than that which is paid to the Custodian on your behalf. Initial establishment fee — subject to a maximum of
0.20% excluding GST. This establishment fee will be charged
The interest you will receive on cash held in your cash
on the initial balance that is either transferred from the
management account (CMA) will be equal to the official
exisiting KiwiSaver or a voluntary contribution, and can only
cash rate (OCR) minus 0.25% per annum (CMA interest rate
be charged once.
= OCR - 0.25%). The Custodian will retain the difference
between the CMA interest rate you receive and the Ongoing monitoring fee — subject to a maximum of
negotiated interest rate, as a cash administration fee (cash
0.75% per annum excluding GST. The ongoing adviser fee is
administration fee = negotiated interest rate - CMA interest
deducted from your Personal Plan monthly in arrears and is
rate), up to a maximum of 0.85% per annum.
based on the daily balance of your Personal Plan.
For example, if the OCR is 0.40% and the Custodian has
Your Adviser cannot charge you any fees for other services
negotiated an interest rate of 0.60% — you will receive
such as action fees or review fees through the Scheme.
0.15% interest and the Custodian will retain 0.35% as a cash
administration fee (refer to the example at the bottom of
this page). Note that the Custodian will not charge negative
interest on your cash management account, so the CMA
interest rate will not fall below 0% per annum. The cash
administration fee may change in the future.
More information is contained in the Custodian’s
Disclosure Statement, which your adviser will make
available to you.
Cash administration fee example:
Custodian’s negotiated OCR – 0.25% (CMA interest rate Cash administration fee the
interest rate (A) OCR (B) you will receive)* (C) Custodian retains** =A-(B-C)
0.60% 0.40% 0.15% 0.35%
*minimum of 0.00%
**maximum of 0.85%
3 Investment Options SupplementExample of how fees apply to an investor
Mrs Johnson invests $100,000 in a number of investment These fees might be more or less if her account balance has
options from the IOS. She is charged brokerage when her increased or decreased over the year and are dependent on
funds are invested of $200.00 (0.20% of $100,000). the type of investments she has selected.
This brings the starting value of her investment to
Estimated total fees for the first year:
$99,800.00.
Brokerage: $200.00
She is also charged the annual Scheme fee, which works out
to $289.42 (0.29% of $99,800). These fees might be more or Annual Scheme fee: $289.42
less if her account balance has increased or decreased over Other charges: $1,022.00
the year and are dependent on the type of investments she
Total $1,511.42
has selected.
Over the next year Mrs Johnson pays other charges of
$1,022.00 being a $75.00 cash administration fee, an Adviser If Mrs Johnson’s investment options include any funds,
establishment fee, which works out to $200.00 (0.20% of those funds may be subject to additional fees (including
$100,000) and ongoing Adviser fee, which works out to performance fees) and expenses.
$747.00 (0.75% of $99,600.00). This example may not be representative of the actual fees you may
be charged and reflects a mix of investment options at the maximum
management fee rate.
Understanding the risk indicator
A risk indicator in relation to an investor’s Personal Plan will, In addition, you may work out your risk profile at https://
except in the case of an eligible investor, be provided by an www.sorted.org.nz/tools/investor-kickstarter.
investor’s appropriately qualified and registered financial
Note that even the lowest category does not mean a
adviser prior to any investments being made on behalf of
risk-free investment, and there are other risks that are not
the investor.
captured by this rating.
The risk indicator is rated from 1 (low) to 7 (high). The rating
The risk indicator is not a guarantee of a Personal Plan’s
reflects how much the value of the fund’s assets goes up
future performance. The risk indicator is based on the
and down (volatility). A higher risk generally means there is
returns data for a five-year time period. Where an
the potential for higher returns over time, but with the risk of
investment does not have a five-year dataset, an appropriate
higher losses, and there are likely to be more ups and downs
benchmark will be substituted. While risk indicators are
along the way.
usually relatively stable, they do shift from time to time.
To help you clarify your own attitude to risk, you must
(unless you are an eligible investor) seek financial advice See the Product Disclosure Statement (PDS) for more
from an appropriately qualified and registered financial information about the risks associated with investing in
adviser. a Personal Plan.
Example risk indicator
Lower risk Higher risk
1 2 3 4 5 6 7
Potentially Potentially
lower returns higher returns
4 Investment Options SupplementInvestment Options Supplement 1 January 2021 Issued by Consilium NZ Limited
Total
Performance fees Annual annual
Individual Annual Link to publicly
Investment Investment Buy/Sell charged by underlying estimated
Issuer name action Scheme available information Description of Investment
Name code spread underlying investment fund
fees fee about Investment
investment fee charges as
% of NAV
The Fund's investment approach is to buy securities that offer
long-term value, that are currently unpopular with the general
20% of the https://www.allangray.co investment community or are not well known. Allan Gray will
Allan Gray Allan Gray
0.20% / outperformance of m.au/b/forms- not buy a security simply because it is in the Benchmark.
Australia Equity ETL0060.AU Australia Pty Nil 0.77% 0.29% 1.06%
0.20% the Fund vs. its documents/?selected=n Similarly, Allan Gray will buy significant positions in securities
A Ltd
benchmark ew that are not in the Benchmark if they offer outstanding value,
based on our bottom-up, fundamental valuation of the
opportunity.
The Fund's investment approach is to buy securities that offer
long-term value, that are currently unpopular with the general
35% of the https://www.allangray.co investment community or are not well known. Allan Gray will
Allan Gray Allan Gray
0.20% / outperformance of m.au/b/forms- not buy a security simply because it is in the Benchmark.
Australia Equity ETL0349.AU Australia Pty Nil 0.00% 0.29% 0.29%
0.20% the Fund vs. its documents/?selected=n Similarly, Allan Gray will buy significant positions in securities
B Ltd
benchmark ew that are not in the Benchmark if they offer outstanding value,
based on our bottom-up, fundamental valuation of the
opportunity.
The Allan Gray Australia Stable Fund (Fund) aims to provide a
long-term return that exceeds the Reserve Bank of Australia
20% of the https://www.allangray.co cash rate, with less volatility than the Australian sharemarket.
Allan Gray
Allan Gray 0.10% / outperformance of m.au/b/forms- The Fund invests a minimum of 50% in cash and money
ETL0273.AU Australia Pty Nil 0.25% 0.29% 0.54%
Australia Stable 0.10% the Fund vs. its documents/?selected=n market instruments such as term deposits. When the
Ltd
benchmark ew opportunity arises, the remainder is invested in carefully
selected Australian securities using our contrarian investment
philosophy.
AMP Capital The NZ Shares Fund is a diversified portfolio of predominantly
https://www.ampcapital.
Ethical Leaders AMP Capital 0.45% / New Zealand shares constructed with the aim of
AMPI0130 Nil Nil 0.94% 0.29% 1.23% com/nz/en/investments/
NZ Shares Fund - Investors (NZ) 0.45% outperforming the NZX 50 Index (on a gross basis and
funds
AIF RE including imputation credits).
Page 6 | KiwiWRAP KiwiSaver Scheme - Investment options 01 January 2021Total
Performance fees Annual annual
Individual Annual Link to publicly
Investment Investment Buy/Sell charged by underlying estimated
Issuer name action Scheme available information Description of Investment
Name code spread underlying investment fund
fees fee about Investment
investment fee charges as
% of NAV
The performance
Castle Point
fee is 15% of any https://www.castlepointf The Fund can invest in a broad range of New Zealand and
Castle Point Funds 0.00% /
CASTPRF Nil return above NZ 1.05% 0.29% 1.34% unds.com/investor- Australian assets, including cash, debt instruments, equities,
Ranger Fund Management 0.00%
Offical Cash Rate + documents derivatives and other assets.
Limited
5% per annum.
Castle Point
Castle Point https://www.castlepointf The Fund invests in New Zealand and Australian Listed
Funds 0.30% /
Trans-Tasman CASTPTT Nil Nil 1.05% 0.29% 1.34% unds.com/investor- Companies and is benchmarked to the S&P/NZX 50 Index
Management 0.30%
Fund documents (incl Imputation Credits).
Limited
Daintree Capital through its absolute return Core Income Trust
provides investors with a higher income than generally
available through term deposit and banking products. With
Perennial
Daintree Core https://daintreecapital.c the RBA Cash Rate at 0.25% many investors are looking for a
Investment 0.05% /
Income Trust WPC0696 Nil Nil 0.50% 0.29% 0.79% om.au/daintree-core- higher return, but wish to remain conservatively invested.
Management 0.05%
NZD income-trust/ Daintree's Core Income seeks to provide a solution to this dual
Limited
objective. We offer two classes of units to Australian and New
Zealand investors: Australian dollar and New Zealand dollar
units.
T1% of gross
performance
The Fund is actively managed, which means the holdings may
above the hurdle
differ considerably from its composite 50:50 NZX50 and
Devon Alpha DEVONALPH Devon Funds 0.00% / rate of return of https://devonfunds.co.nz
Nil 1.25% 0.29% 1.54% ASX200 index. While the Fund tends to be fully invested, when
Fund A Management 0.00% 12% p.a. up to 13% /how-to-apply
there are few compelling investment opportunities, the Fund
p.a. then 15% of
may hold up to 50% cash or cash equivalent securities.
the amount
thereafter.
Page 7 | KiwiWRAP KiwiSaver Scheme - Investment options 01 January 2021Total
Performance fees Annual annual
Individual Annual Link to publicly
Investment Investment Buy/Sell charged by underlying estimated
Issuer name action Scheme available information Description of Investment
Name code spread underlying investment fund
fees fee about Investment
investment fee charges as
% of NAV
The performance
The Devon Dividend Yield Fund consists of a select group of
fee is the first 10%
approximately 25-35 New Zealand and Australian listed
Devon Dividend Devon Funds 0.00% / of gross portfolio https://devonfunds.co.nz
DEVONEI Nil 1.00% 0.29% 1.29% companies. These stocks are chosen for their attractive
Yield Fund Management 0.00% performance /how-to-apply
dividend yields and growth prospects with the aim of
above the hurdle
maintaining the dividend yield and capital value in real terms.
rate of return.
Contribution
The Trust may suit those investors seeking exposure to a
Dimensional and
DFA Australia 0.08% / https://au.dimensional.c diversified portfolio of large companies listed in Australia with
Aust Large DFA0103.AU withdrawal Nil 0.20% 0.29% 0.49%
Limited 0.08% om/funds the potential for long-term capital growth. Investors in this
Company Trust fees: $0 to
Trust will be exposed to share market volatility.
27.50
Contribution
The Trust may suit those investors seeking exposure to a
Dimensional and
DFA Australia 0.10% / https://au.dimensional.c diversified portfolio of small companies listed in Australia with
Aust Small DFA0104.AU withdrawal Nil 0.61% 0.29% 0.90%
Limited 0.10% om/funds the potential for long-term capital growth. Investors in this
Company Trust fees: $0 to
Trust will be exposed to share market volatility.
27.50
Contribution
The Trust may suit those investors seeking exposure to a
Dimensional and
DFA Australia 0.08% / https://au.dimensional.c diversified portfolio of securities listed in Australia with the
Australian Core DFA0003.AU withdrawal Nil 0.28% 0.29% 0.57%
Limited 0.08% om/funds potential for long-term capital growth. Investors in this Trust
Equity Trust fees: $0 to
will be exposed to share market volatility.
27.50
Contribution Ordinarily, the Trust will invest in a diversified market-wide
Dimensional and portfolio of Australian listed securities. Eligible securities for
DFA Australia 0.08% / https://au.dimensional.c
Australian DFA2068.AU withdrawal Nil 0.31% 0.29% 0.60% the strategy include securities of companies and Real Estate
Limited 0.08% om/funds
Sustainability fees: $0 to Investment Trusts (REITs) and REIT-like entities listed in
27.50 Australia.
Page 8 | KiwiWRAP KiwiSaver Scheme - Investment options 01 January 2021Total
Performance fees Annual annual
Individual Annual Link to publicly
Investment Investment Buy/Sell charged by underlying estimated
Issuer name action Scheme available information Description of Investment
Name code spread underlying investment fund
fees fee about Investment
investment fee charges as
% of NAV
Contribution
The Trust may suit those investors seeking exposure to a
Dimensional and
DFA Australia 0.08% / https://au.dimensional.c diversified portfolio of Value Companies listed in Australia
Australian Value DFA0101.AU withdrawal Nil 0.34% 0.29% 0.63%
Limited 0.08% om/funds with the potential for long-term capital growth. Investors in
Trust fees: $0 to
this Trust will be exposed to share market volatility.
27.50
The Fund is an actively managed fund investing in New
Harbour Zealand and Australian listed equities. It is a high conviction
Harbour Asset
Australasian 0.00% / https://www.harbourass fund where the portfolio will consist of companies our analysts
HARAEF Management Nil Nil 1.09% 0.29% 1.38%
Equity Focus 0.00% et.co.nz/our-funds/ have researched and have a high belief will perform over the
Limited
Fund medium to longer-term. A higher rated company will have a
higher weighting in the portfolio.
The Fund provides actively managed exposure to New
Harbour Harbour Asset
0.00% / https://www.harbourass Zealand and Australian listed equities. This fund has a growth-
Australasian HARAER Management Nil Nil 1.07% 0.29% 1.36%
0.00% et.co.nz/our-funds/ oriented active investment management approach to generate
Equity Fund Limited
alpha (return over the benchmark) for investors.
The Fund is designed to generate attractive levels of quarterly
Harbour
Harbour Asset income from a diversified portfolio of New Zealand and
Australasian 0.00% / https://www.harbourass
HARAEIW Management Nil Nil 1.03% 0.29% 1.32% Australian listed equities that pay sustainable and growing
Equity Income 0.00% et.co.nz/our-funds/
Limited dividend yields as well as holding cash and fixed interest
Fund R
securities.
The Fund is designed to generate attractive levels of quarterly
Harbour
Harbour Asset income from a diversified portfolio of New Zealand and
Australasian 0.00% / https://www.harbourass
HARAEIWS Management Nil Nil 1.03% 0.29% 1.32% Australian listed equities that pay sustainable and growing
Equity Income 0.00% et.co.nz/our-funds/
Limited dividend yields as well as holding cash and fixed interest
Fund W
securities.
Page 9 | KiwiWRAP KiwiSaver Scheme - Investment options 01 January 2021Total
Performance fees Annual annual
Individual Annual Link to publicly
Investment Investment Buy/Sell charged by underlying estimated
Issuer name action Scheme available information Description of Investment
Name code spread underlying investment fund
fees fee about Investment
investment fee charges as
% of NAV
The fund provides exposure to New Zealand equities. It is
designed to track the market index with some quantitative
Harbour NZ Harbour Asset https://www.harbourass
0.00% / tilting to selected companies. 70% of the fund mirrors the
Equity Advanced HARNZABF Management Nil Nil 0.45% 0.29% 0.74% et.co.nz/our-
0.00% market index with the remaining 30% of the fund tilted
Beta Fund Limited funds/advanced-beta/
towards those companies in the index that score well on our
financial models for value, yield & growth.
Hyperion https://www.hyperion.co Hyperion Australian Growth Companies Fund seeks to achieve
Hyperion Asset
Australian 0.30% / m.au/hyperion- medium to long-term capital growth and income by investing
BNT0003.AU Management Nil Nil 0.95% 0.29% 1.24%
Growth 0.30% australian-growth- primarily in high calibre Australian companies listed within the
Limited
Companies companies-fund/ S&P/ASX 300 Index, at the time of investment.
https://www.blackrock.c
BlackRock The Fund aims to provide investors with the performance of
iShares om/au/intermediaries/pr
Investment 0.08% / the market, before fees, as measured by the S&P/ASX 300 TR
Australian Equity BGL0034.AU Nil Nil 0.20% 0.29% 0.49% oducts/254682/ishares-
Mgmt (AUS) 0.08% Index (Index). The strategy uses a full-replication approach to
Index australian-equity-index-
Ltd match the performance of the benchmark.
fund
Invest in 20 of the largest listed blue-chip companies in New
https://kernelwealth.co.n Zealand that are collectively worth over $100 billion. The Fund
Kernel NZ 20 Kernel Wealth 0.00% /
KWLNZ20 Nil Nil 0.39% 0.29% 0.68% z/product-disclosure- provides broad diversification across a range of sectors
Fund Limited 0.00%
statement/ including utilities, real estate, telecommunication and
healthcare.
Milford
0.45% - Based on a https://milfordasset.com Absolute returns with an annualised return objective of 5%
Australian Milford Funds 0.00% /
MAMAAGF Nil hurdle of the OCR 1.05% 0.29% 1.34% /what-we- above the New Zealand Official Cash Rate while seeking to
Absolute Growth Limited 0.00%
plus 5% per annum offer/investment-funds protect capital over rolling three year periods.
Fund
Milford Milford Asset https://milfordasset.com
0.00% / Diversified fund that primarily invests in fixed interest
Conservative MAMCF Management Nil Nil 0.95% 0.29% 1.24% /what-we-
0.00% securities, with a moderate allocation to equities.
Fund Limited offer/investment-funds
Page 10 | KiwiWRAP KiwiSaver Scheme - Investment options 01 January 2021Total
Performance fees Annual annual
Individual Annual Link to publicly
Investment Investment Buy/Sell charged by underlying estimated
Issuer name action Scheme available information Description of Investment
Name code spread underlying investment fund
fees fee about Investment
investment fee charges as
% of NAV
Milford Trans- https://milfordasset.com
Milford Funds 0.00% / Capital growth by out-performing a mix of two relevant share
Tasman Equity MAMTF Nil Nil 1.05% 0.29% 1.34% /what-we-
Limited 0.00% market indices over a minimum of five years.
Fund offer/investment-funds
The Fund was designed to meet investor's needs for
investment in New Zealand "eligible "companies which meet
Mint New Mint Asset https://www.mintasset.c
0.00% / specific responsible investment criteria. Mint New Zealand SRI
Zealand SRI MINTNZSRI Management Nil Nil 0.75% 0.29% 1.04% o.nz/our-funds/funds-
0.00% Equity Fund targets returns in excess of the Fund benchmark
Equity Fund Limited overview/
of the S&P/NZX50 Gross index, measured over a rolling three
year time period.
The strategy is a collection of the portfolio manager's highest
Performance fee of
Nikko AM Nikko Asset conviction investment ideas to achieve capital appreciation.
TYNDALLAAE 0.29% / 10% of gains https://www.nikkoam.co.
Concentrated Management Nil 1.15% 0.29% 1.44% The Fund can invest into 100% NZ and Australian Equities and
F 0.29% above the hurdle nz/
Equity Fund PIE NZ Ltd 100% Cash. The typical number of stocks in the portfolio is
rate.
circa 15.
Seeks growth opportunities by investing in New Zealand and
Nikko Asset
Nikko AM Core TYNDALLCNZ 0.29% / https://www.nikkoam.co. Australian equity markets. Our local equity portfolio
Management Nil Nil 0.95% 0.29% 1.24%
Equity Fund EF 0.29% nz/ management team hand-pick stocks that they believe have
NZ Ltd
potential for growth of income and capital.
The NZ Shares Fund is a diversified portfolio of predominately
https://www.ampcapital.
NZ Shares Index AMP Capital 0.44% / New Zealand shares which is constructed to outperform the
AMPI0136 Nil Nil 0.33% 0.29% 0.62% com/nz/en/investments/
Fund (AIF PE) Investors (NZ) 0.44% NZX 50 Gross Index. The portfolio also invests in Australian
funds
shares.
10.25% of increase
https://www.pengana.co The Pengana Australian Equities Fund aims to enhance and
Pengana Pengana in net asset value
0.20% / m/our-funds/australian- preserve investor wealth over a 5 year period via a
Australian PCL0005.AU Capital Group Nil subject to the 1.08% 0.29% 1.37%
0.20% equities/australian- concentrated core portfolio of principally Australian listed
Equities Class A Limited Australian cash
equities-fund/?v=83407 securities.
rate plus 6% p.a.
Page 11 | KiwiWRAP KiwiSaver Scheme - Investment options 01 January 2021Total
Performance fees Annual annual
Individual Annual Link to publicly
Investment Investment Buy/Sell charged by underlying estimated
Issuer name action Scheme available information Description of Investment
Name code spread underlying investment fund
fees fee about Investment
investment fee charges as
% of NAV
The QuayStreet Income Fund invests in a diversified portfolio
with an emphasis on income producing assets which may
QuayStreet include listed property, equities and derivatives. The
QuayStreet Asset 0.50% / https://quaystreet.com/ investment objective is to provide returns above the Fund's
QUAYINCO Nil Nil 0.78% 0.29% 1.07%
Income Fund Management 0.50% our-funds/overview benchmark taking into account the prevailing shortterm
Limited interest rates while preserving the real value of investments
relative to inflation. The Fund aims to make quarterly
distributions.
The Balanced Fund provides investors with an exposure to a
Simplicity https://simplicity.kiwi/in
Simplicity (NZ) 0.00% / mix of growth investments (eg. Shares) and income earning
Balanced SKBF Nil Nil 0.32% 0.29% 0.61% vestment-
Limited 0.00% investments. The Fund has over 3,000 investments in 23
Investment Fund funds/documents/
countries.
The Conservative Fund provides investors with a limited
Simplicity https://simplicity.kiwi/in
Simplicity (NZ) 0.00% / exposure to growth assets, with most of its investments in
Conservative SKCF Nil Nil 0.32% 0.29% 0.61% vestment-
Limited 0.00% income earning investments like fixed interest. The Fund has
Investment Fund funds/documents/
over 3,000 investments in 23 countries.
The NZ Share Fund invests in securities listed in the New
https://simplicity.kiwi/in
Simplicity NZ Simplicity (NZ) 0.00% / Zealand stock exchange (NZX), to generate a return similar to
SKNZSHARE Nil Nil 0.11% 0.29% 0.40% vestment-
Share Fund Limited 0.00% the performance of the NZ share market. It is designed to be
funds/documents/
the NZ share component of a diversified investment portfolio.
Page 12 | KiwiWRAP KiwiSaver Scheme - Investment options 01 January 2021Total
Performance fees Annual annual
Individual Annual Link to publicly
Investment Investment Buy/Sell charged by underlying estimated
Issuer name action Scheme available information Description of Investment
Name code spread underlying investment fund
fees fee about Investment
investment fee charges as
% of NAV
The NZ Core Equity Trust aims to provide investors with the
benefits of long-term capital growth by investing in a
diversified portfolio of financial products listed in New
Zealand, with increased exposure to small companies and
https://smartshares.co.n
value companies relative to a market weighted portfolio. Value
Smartshares NZ SmartShares 0.10% / z/legal-
SSNZCE Nil Nil 0.50% 0.29% 0.79% companies are companies with a low price relative to various
Core Equity Limited 0.10% documents#product-
financial measures, including book value, cash flow and
disclosure-statements
earnings. DFA Australia Limited is the investment manager for
NZ Core Equity Trust. DFA Australia Limited is the Australian
subsidiary of Dimensional Fund Advisors LP, which is based in
the United States and was formed in 1981.
https://www.superlife.co.
nz/investment/sector- Invests in New Zealand shares and designed to track the
SuperLife Invest 0.00% /
SPLINZ50 NZX Limited Nil Nil 0.49% 0.29% 0.78% funds/nz-top-50- return (before tax, fees and other expenses) on the S&P/NZX
NZ Top 50 Fund 0.00%
fund?tab=superlife- 50 Portfolio Index.
invest
https://www.wavestonec The WaveStone Australian Share Fund is an actively selected
WaveStone
0.20% / apital.com.au/funds- portfolio of Australian shares managed with the aim of
Australian Share HOW6060.AU Challenger Ltd Nil Nil 0.97% 0.29% 1.26%
0.20% performance/australian- outperforming the S&P/ASX 300 Accumulation Index over
I
share-fund/ rolling three-year periods.
Page 13 | KiwiWRAP KiwiSaver Scheme - Investment options 01 January 2021Total
Performance fees Annual annual
Individual Annual Link to publicly
Investment Investment Buy/Sell charged by underlying estimated
Issuer name action Scheme available information Description of Investment
Name code spread underlying investment fund
fees fee about Investment
investment fee charges as
% of NAV
Investment is in a passively managed low tracking error
https://www.ampcapital.
All Country portfolio managed against companies listed on the MSCI All
com/content/dam/capit
Global Shares AMP Capital 0.07% / Country World ex Tobacco Index. The Fund targets a position
AMPI0138 Nil Nil 0.40% 0.29% 0.69% al/03-funds-files-only/nz-
Index Fund (AIF Investors (NZ) 0.07% of being 69% gross hedged to the New Zealand dollar. The
funds/latestpds/pds-
PI) hedges are based on the currency components of the
index-funds.pdf
underlying index.
The investment strategy aims to modestly outperform the
Bloomberg Commodities Index, which covers a broad basket
of commodity futures encompassing agriculture, livestock,
AMP Capital https://www.ampcapital.
AMP Capital 0.15% / precious metals, industrial metals and energy. The investment
Commodities AMPI0131 Nil Nil 0.89% 0.29% 1.18% com/nz/en/investments/
Investors (NZ) 0.15% takes advantage of market inefficiencies in the pricing
Fund - NWCF funds
structure of commodity futures. The Fund uses financial
derivatives fully backed by cash. As the principal is held in New
Zealand dollars, foreign currency exposure is minimal.
The Fund may be suitable for investors with an investment
15% calculated on https://antipodespartner
Antipodes Antipodes horizon of over five years that seek capital growth and income
0.08% / a cumulative basis s.com/managed-
Global Fund - IOF0045.AU Partners Nil 1.25% 0.29% 1.54% via exposure to global stocks and are willing to accept the
0.08% relative to the funds/antipodes-global-
Class P Limited shorter term fluctuations in price typically associated with such
Benchmark Index. fund/
investments.
The Fund invests in the Antipodes Global Fund - Long - UCITS
(Underlying Fund) and cash or cash equivalent securities. The
15% of the Fund's https://antipodespartner
Antipodes Antipodes Underlying Fund's investment exposure is predominantly to a
0.08% / performance s.com/nz-pie-
Global Fund APLGFPIE Partners Nil 1.25% 0.29% 1.54% broad range of international shares listed on stock exchanges
0.08% above the funds/antipodes-global-
(PIE) Limited in developed and emerging markets. The Underlying Fund
Benchmark Index. fund-pie/
may use exchange traded derivatives for risk management
purposes and to achieve equity exposure.
Page 14 | KiwiWRAP KiwiSaver Scheme - Investment options 01 January 2021Total
Performance fees Annual annual
Individual Annual Link to publicly
Investment Investment Buy/Sell charged by underlying estimated
Issuer name action Scheme available information Description of Investment
Name code spread underlying investment fund
fees fee about Investment
investment fee charges as
% of NAV
The Fund invests in global credit and fixed interest markets.
The underlying fund's investments include, but are not limited
Bentham Global to, Australian and global hybrid securities, global high yield
0.28% /
Income Fund BENWGIFN Challenger Ltd Nil Nil 0.77% 0.29% 1.06% www.challenger.com.au bonds, global syndicated loans, investment grade securities,
0.28%
NZD global capital securities, asset backed securities, equities and
derivatives. SAA guidelines are 90 to 100% in underlying fund
and 0 to 10% in Cash.
BetaShares CPS - https://www.betashares.
BetaShares 0.10% /
Global Growth BSC0004.AU Nil Nil 0.76% 0.29% 1.05% com.au/fund-list/fund- BetaShares CPS - Global Growth Fund
Capital Ltd 0.10%
Fund overview/
To achieve long-term capital growth by seeking to take
Capital Group Capital https://www.capitalgrou
0.13% / advantage of investment opportunities generated by changes
New Perspective CIM0006.AU International Nil Nil 0.95% 0.29% 1.24% p.com/adviser/au/en/fu
0.13% in international trade patterns and economic and political
(AU) (AUS) nd-centre.html
relationships. Future income is a secondary objective.
To achieve long-term growth of capital by investing in
common stocks of companies with significant exposure to
Capital https://www.capitalgrou
Capital Group 0.21% / countries with developing economies and/or markets. Many of
CIM8680.AU International Nil Nil 0.95% 0.29% 1.24% p.com/adviser/au/en/fu
New World (AU) 0.21% these countries may be referred to as emerging countries or
(AUS) nd-centre.html
emerging markets. The Fund may also invest in debt securities
of issuers with exposure to these countries.
Using a fundamental, bottom-up approach utilising Capital
Clarity - Capital https://clarityfunds.co.nz Group's extensive global research resources to build a
0.00% /
Group New CFMCNPF Capital Group Nil Nil 1.25% 0.29% 1.54% /capital-group-new- portfolio. The Fund aims to achieve long-term growth of
0.00%
Perspective Fund perspective-fund capital (five years or longer) by investing in shares of
companies located around the world.
Page 15 | KiwiWRAP KiwiSaver Scheme - Investment options 01 January 2021Total
Performance fees Annual annual
Individual Annual Link to publicly
Investment Investment Buy/Sell charged by underlying estimated
Issuer name action Scheme available information Description of Investment
Name code spread underlying investment fund
fees fee about Investment
investment fee charges as
% of NAV
The Trans-Tasman Fund invests in a high conviction portfolio
of 25-35 well researched shares which are primarily New
10% of the Zealand and Australian listed companies. The Fund is actively
Devon Trans- Devon Funds 0.00% / performance over https://devonfunds.co.nz managed, which means the holdings may differ considerably
AU203185 Nil 1.25% 0.29% 1.54%
Tasman Fund Management 0.00% the hurdle rate of /how-to-apply from its composite 50:50 NZX50 and ASX200 index. While the
9.85%. Fund tends to be fully invested, when there are few
compelling investment opportunities, the Fund may hold up
to 50% cash or cash equivalent securities.
Contribution The Trust may suit those investors seeking exposure to a
Dimensional and diversified portfolio of Value Companies listed on approved
DFA Australia 0.25% / https://au.dimensional.c
Emerging DFA0107.AU withdrawal Nil 0.71% 0.29% 1.00% emerging markets with the potential for long-term capital
Limited 0.25% om/funds
Markets Trust fees: $0 to growth. Investors in this Trust will be exposed to share market
27.50 volatility.
The Trust may suit those investors seeking exposure to a
diversified portfolio of securities listed on global developed
Contribution
markets (excluding Australia) with the potential for long-term
Dimensional Glb and
DFA Australia 0.12% / https://au.dimensional.c capital growth. In particular, the Trust may suit those investors
Sstnblty Trust DFA0042.AU withdrawal Nil 0.38% 0.29% 0.67%
Limited 0.12% om/funds who seek to have certain environmental and sustainability
Hdg fees: $0 to
impact and social considerations taken into account in the
27.50
investment decision making process of the Trust. Investors in
this Trust will be exposed to share market volatility.
Page 16 | KiwiWRAP KiwiSaver Scheme - Investment options 01 January 2021Total
Performance fees Annual annual
Individual Annual Link to publicly
Investment Investment Buy/Sell charged by underlying estimated
Issuer name action Scheme available information Description of Investment
Name code spread underlying investment fund
fees fee about Investment
investment fee charges as
% of NAV
The Trust may suit those investors seeking exposure to a
diversified portfolio of securities listed on global developed
Contribution
markets (excluding Australia) with the potential for long-term
Dimensional Glb and
DFA Australia 0.10% / https://au.dimensional.c capital growth. In particular, the Trust may suit those investors
Sstnblty Trust DFA0041.AU withdrawal Nil 0.38% 0.29% 0.67%
Limited 0.10% om/funds who seek to have certain environmental and sustainability
Unhdg fees: $0 to
impact and social considerations taken into account in the
27.50
investment decision making process of the Trust. Investors in
this Trust will be exposed to share market volatility.
Contribution
The Trust may suit those investors seeking exposure to a
Dimensional Glbl and
DFA Australia 0.12% / https://au.dimensional.c diversified portfolio of securities listed on global developed
Sustainability DFA0043 withdrawal Nil 0.38% 0.29% 0.67%
Limited 0.12% om/funds markets (excluding Australia) with the potential for long-term
NZD Hdg fees: $0 to
capital growth.
27.50
Ordinarily, the Trust will invest in a diversified market-wide
Contribution
portfolio of securities associated with approved developed
Dimensional and
DFA Australia 0.12% / https://au.dimensional.c markets (excluding Australia). Eligible securities for the
Global Core DFA0009.AU withdrawal Nil 0.36% 0.29% 0.65%
Limited 0.12% om/funds strategy include securities of companies and Real Estate
Equity AUD Hgd fees: $0 to
Investment Trusts (REITs) and REIT-like entities listed on
27.50
approved developed markets (excluding Australia).
Contribution
Dimensional and Ordinarily, the Trust will pursue its objective by investing in a
DFA Australia 0.12% / https://au.dimensional.c
Global Core DFA0039 withdrawal Nil 0.36% 0.29% 0.65% diverse group of listed securities associated with approved
Limited 0.12% om/funds
Equity NZD Hgd fees: $0 to developed markets ex Australia.
27.50
Page 17 | KiwiWRAP KiwiSaver Scheme - Investment options 01 January 2021Total
Performance fees Annual annual
Individual Annual Link to publicly
Investment Investment Buy/Sell charged by underlying estimated
Issuer name action Scheme available information Description of Investment
Name code spread underlying investment fund
fees fee about Investment
investment fee charges as
% of NAV
Contribution The Trust may suit those investors seeking exposure to a
Dimensional and diversified portfolio of securities listed on global developed
DFA Australia 0.10% / https://au.dimensional.c
Global Core DFA0004.AU withdrawal Nil 0.36% 0.29% 0.65% markets (excluding Australia) with the potential for long-term
Limited 0.10% om/funds
Equity Trust fees: $0 to capital growth. Investors in this Trust will be exposed to share
27.50 market volatility.
Contribution
The investment objective of the Trust is to provide long-term
Dimensional and
DFA Australia 0.10% / https://au.dimensional.c capital growth by gaining exposure to a diversified portfolio of
Global Large DFA0105.AU withdrawal Nil 0.29% 0.29% 0.58%
Limited 0.10% om/funds large companies associated with approved developed markets
Company Trust fees: $0 to
(excluding Australia).
27.50
To provide long-term capital growth by gaining exposure to a
diversified portfolio of small companies associated with
Contribution
approved developed markets (excluding Australia). The Trust is
Dimensional and https://au.dimensional.c
DFA Australia 0.12% / not managed with the objective of achieving a particular
Global Small DFA0106.AU withdrawal Nil 0.65% 0.29% 0.94% om/funds/global-small-
Limited 0.12% return relative to a benchmark index. However, to compare
Company Trust fees: $0 to company-trust
the performance of the Trust with a broad measure of market
27.50
performance, reference may be made to the MSCI World ex
Australia Small Cap Index (net div.).
Contribution The Trust may suit those investors seeking exposure to a
Dimensional and diversified portfolio of large Value Companies listed on global
DFA Australia 0.10% / https://au.dimensional.c
Global Value DFA0102.AU withdrawal Nil 0.46% 0.29% 0.75% developed markets (excluding Australia) with the potential for
Limited 0.10% om/funds
Trust fees: $0 to long-term capital growth. Investors in this Trust will be
27.50 exposed to share market volatility.
Page 18 | KiwiWRAP KiwiSaver Scheme - Investment options 01 January 2021Total
Performance fees Annual annual
Individual Annual Link to publicly
Investment Investment Buy/Sell charged by underlying estimated
Issuer name action Scheme available information Description of Investment
Name code spread underlying investment fund
fees fee about Investment
investment fee charges as
% of NAV
The Fund is intended to have a relatively higher exposure to
shares than either the Fiducian Capital Stable Fund or the
Fiducian Balanced Fund and therefore should be capable of
https://www.fiducian.co
generating higher returns, over the longer term but it will also
Fiducian Growth Fiducian Group 0.20% / m.au/investments/divers
FPS0004.AU Nil Nil 1.10% 0.29% 1.39% be exposed to higher capital losses when markets turn down.
Fund Ltd 0.20% ified-funds/#growth-
Over long periods of time (at least 5 to 7 years), growth funds
fund
tend to outperform other managed funds that have a lower
exposure to growth assets (shares and property). This Fund
commenced operation in February 1997.
20% of the
difference in the
https://www.hyperion.co The Hyperion Global Growth Companies Fund seeks to
Hyperion Global Hyperion Asset Fund’s return
0.30% / m.au/hyperion-global- achieve medium to long-term capital growth and income by
Growth WHT8435.AU Management Nil relative to its 0.70% 0.29% 0.99%
0.30% growth-companies- investing in high calibre companies primarily listed on a
Companies B Limited benchmark return
fund/ recognised global exchange, at the time of investment.
multiplied by the
NAV of the Fund.
iShares BlackRock The Fund aims to provide investors with the performance of
Emerging Investment 0.30% / www.blackrockinvestme the market, before fees less withholding taxes, as measured by
BGL0083.AU Nil Nil 0.55% 0.29% 0.84%
Markets IMI Mgmt (AUS) 0.35% nts.com.au the MSCI Emerging Markets Investible Markets Index
Equity Idx Ltd (unhedged in Australian dollars with net dividends reinvested)
iShares Screened
BlackRock The Fund aims to provide investors with the performance of
Wholesale https://www.blackrock.c
Investment 0.08% / the market, before fees, as measured by the MSCI World ex-
International BLK1965.AU Nil Nil 0.18% 0.29% 0.47% om/au/individual/literat
Mgmt (AUS) 0.08% Tobacco ex-Controversial Weapons ex-Nuclear Weapons Net
Equity Index ure/fund-update
Ltd TR Index (unhedged in AUD).
Fund - E2 Class
Page 19 | KiwiWRAP KiwiSaver Scheme - Investment options 01 January 2021Total
Performance fees Annual annual
Individual Annual Link to publicly
Investment Investment Buy/Sell charged by underlying estimated
Issuer name action Scheme available information Description of Investment
Name code spread underlying investment fund
fees fee about Investment
investment fee charges as
% of NAV
A globally diversified exposure to mostly infrastructure lines of
Kernel Global https://kernelwealth.co.n
Kernel Wealth 0.00% / business, e.g. utilities, storage and telecommunications
Infrastructure KWLWGF Nil Nil 0.39% 0.29% 0.68% z/product-disclosure-
Limited 0.00% infrastructure providing relatively stable cash flow and
Fund statement/
inflation hedging.
https://www.mfs.com/en-
The Trust aims to seek capital appreciation over the longer
au/institutions-and-
term by investing in a diversified portfolio of global shares
consultants/product-
MFS Blended MFS selected through a blend of fundamental and quantitative
0.25% / strategies/australian-
Research Global ETL0402.AU Investment Nil Nil 0.50% 0.29% 0.79% research, and aims to outperform its Benchmark (MSCI All
0.25% products/ETL0402AU-
Equity Trust Management Country World ex-Tobacco Index (net dividends reinvested),
mfs-blended-research-
measured in AUD) over a full market cycle, before taking into
global-equity-
account fees and expenses.
trust.html#tab-overview
0.25% - Based on a https://milfordasset.com
Milford Active Milford Funds 0.00% / Diversified fund that primarily invests in equities, with a
MAMAF Nil hurdle of 10% per 1.05% 0.29% 1.34% /what-we-
Growth Fund Limited 0.00% moderate allocation to fixed interest securities.
annum offer/investment-funds
0.03% - through
some exposure to https://milfordasset.com
Milford Balanced Milford Funds 0.00% / Diversified fund that primarily invests in equities, with a
MAMBF Nil underlying Funds 1.05% 0.29% 1.34% /what-we-
Fund Limited 0.00% significant allocation to fixed interest securities.
that charge a offer/investment-funds
performance fee.
Milford 0.30% - Based on https://milfordasset.com
Milford Funds 0.00% / Diversified fund that primarily invests in fixed interest and
Diversified MAMIF Nil the OCR plus 2.5% 0.65% 0.29% 0.94% /what-we-
Limited 0.00% equity income-generating securities.
Income Fund per annum offer/investment-funds
Mint Diversified Mint Asset https://www.mintasset.c The Fund aims to deliver a total return (through capital growth
0.00% /
Income Fund MINTDIF Management Nil Nil 1.07% 0.29% 1.36% o.nz/our-funds/funds- and income) in excess of the Consumer Price Index by 3% on a
0.00%
(Retail) Limited overview/ rolling three year basis in New Zealand dollar terms.
Page 20 | KiwiWRAP KiwiSaver Scheme - Investment options 01 January 2021Total
Performance fees Annual annual
Individual Annual Link to publicly
Investment Investment Buy/Sell charged by underlying estimated
Issuer name action Scheme available information Description of Investment
Name code spread underlying investment fund
fees fee about Investment
investment fee charges as
% of NAV
Managed by Nikko AM's Global Equity team that is based in
Nikko AM Global Nikko Asset Edinburgh, Scotland. The Fund provides investors with a
0.07% / https://www.nikkoam.co.
Shares Hedged NIKKOGSHF Management Nil Nil 1.21% 0.29% 1.50% relatively concentrated actively managed portfolio of global
0.07% nz/
Fund NZ Ltd equities to achieve long term capital growth hedged to the
NZD.
Pathfinder Pathfinder
Responsible PATHFINDER Asset 0.05% / https://www.path.co.nz/
Nil Nil 0.93% 0.29% 1.22% The Fund invests in international equities and listed property.
Investment Fund RIF Management 0.05% documents-forms
(Wholesale) Limited
Perpetual
Perpetual The Perpetual Ethical SRI Fund aims to provide long-term
Investment 0.15% /
Wholesale PER0116.AU Nil Nil 1.18% 0.29% 1.47% www.perpetual.com.au/ capital growth and regular income through investment in
Management 0.15%
Ethical SRI quality shares of ethical and socially responsible companies.
Ltd
20% p.a. of any
investment return
5% of
in excess of the https://www.pmcapital.c To provide long-term capital growth and outperform the
PM Capital proceeds if
PM CAPITAL 0.25% / greater of the RBA om.au/global- greater of the MSCI World Net Total Return Index (AUD) or
Global PMC0100.AU withdrawn 1.09% 0.29% 1.38%
Limited 0.25% cash rate; and companies- RBA cash rate over rolling seven year periods. The Fund is not
Companies within 12
MSCI World or fund/investor-resources intended to replicate the index.
months
S&P/ASX200
(respectively).
The Fund will hold a diverse range of global infrastructure
Franklin
RARE https://www.rareinfrastr securities across a number of infrastructure sub-sectors such
Templeton 0.12% /
Infrastructure TGP0034.AU Nil Nil 0.97% 0.29% 1.26% ucture.com/strategies/v as gas, electricity and water utilities, toll-roads, airports, rail
Investments 0.05%
Value Unhedged alue-strategy/ and communication infrastructure and across geographic
Aus Ltd
regions.
Page 21 | KiwiWRAP KiwiSaver Scheme - Investment options 01 January 2021Total
Performance fees Annual annual
Individual Annual Link to publicly
Investment Investment Buy/Sell charged by underlying estimated
Issuer name action Scheme available information Description of Investment
Name code spread underlying investment fund
fees fee about Investment
investment fee charges as
% of NAV
The Fund invests primarily in a portfolio of securities of
T.Rowe Price Harbour Asset companies which are traded, listed or due to be listed, on
0.00% / https://www.harbourass
Global Equity TROPGEG Management Nil Nil 1.17% 0.29% 1.46% recognised exchanges and/or markets throughout the world.
0.00% et.co.nz/our-funds/
Growth Fund Limited It may include securities of companies traded on recognised
exchanges of developing countries.
The FTSE Developed ex Australia ex Non-renewable Energy,
Vice Products and Weapons Index comprises securities
(shares) listed on the exchanges of the world's major
Vanguard Vanguard https://www.vanguard.c developed economies. The index excludes companies with
0.07% /
Ethically Cons VAN8175.AU Investments Nil Nil 0.18% 0.29% 0.47% om.au/personal/product significant business activities involving fossil fuels, alcohol,
0.07%
Intl Shrs Idx Australia Ltd s/en/overview tobacco, gambling, military weapons and civilian firearms,
nuclear power and adult entertainment. Details of the
benchmark methodology can be accessed by visiting
www.ftserussell.com.
The Fund provides exposure to many of the world's largest
companies listed in major developed countries. It offers low-
cost access to a broadly diversified range of securities that
Vanguard excludes companies with significant business activities
Vanguard https://www.vanguard.c
Ethically Cons 0.12% / involving fossil fuels, nuclear power, alcohol, tobacco,
VAN4013.AU Investments Nil Nil 0.26% 0.29% 0.55% om.au/personal/product
Intl 0.12% gambling, weapons, adult entertainment and a conduct
Australia Ltd s/en/overview
ShrsIdxNZDH related screen based on severe controversies. The Fund is
hedged to New Zealand dollars so the value of the Fund is
relatively unaffected by currency fluctuations for New Zealand
investors.
The Fund will hold most of the securities in the Index, allowing
Vanguard Vanguard https://www.vanguard.c for individual security weightings to vary from the Index from
0.06% /
International VAN0003.AU Investments Nil Nil 0.18% 0.29% 0.47% om.au/personal/product time to time. The Fund will be fully exposed to the fluctuating
0.06%
Shares Index Australia Ltd s/en/overview values of foreign currencies, as there will not be any hedging
of foreign currencies to the Australian dollar.
Page 22 | KiwiWRAP KiwiSaver Scheme - Investment options 01 January 2021Total
Performance fees Annual annual
Individual Annual Link to publicly
Investment Investment Buy/Sell charged by underlying estimated
Issuer name action Scheme available information Description of Investment
Name code spread underlying investment fund
fees fee about Investment
investment fee charges as
% of NAV
The Fund provides exposure to many of the world's largest
companies listed in major developed countries. It offers low-
https://www.vanguard.c cost access to a broadly diversified range of securities that
Vanguard Intl Vanguard
0.11% / om.au/personal/product allows investors to participate in the long-term growth
Shares Index VAN0107 Investments Nil Nil 0.24% 0.29% 0.53%
0.11% s/en/detail/8146/Overvi potential of international economies outside Australia. The
Hgd NZD Australia Ltd
ew Fund is hedged to New Zealand dollars so the value of the
Fund is relatively unaffected by currency fluctuations for NZ
investors.
The Fund holds all of the securities in the index most of the
time, allowing for individual security weightings to vary
Vanguard Intl Vanguard https://www.vanguard.c
0.07% / marginally from the index from time to time. The Fund may
Shares Sel VAN1579.AU Investments Nil Nil 0.20% 0.29% 0.49% om.au/personal/product
0.07% hold securities that have been removed from or are expected
Exclusions Idx Australia Ltd s/en/overview
to be included in the index. The Fund may also invest in
futures contracts.
Vanguard International Shares Select Exclusions Index Fund -
https://www.vanguard.c AUD Hedged seeks to track the return of the MSCI World ex
Vanguard Intl Vanguard
0.12% / om.au/personal/product Australia, ex Tobacco, ex Controversial Weapons, ex Nuclear
Shrs Sel Excls Idx VAN3200.AU Investments Nil Nil 0.23% 0.29% 0.52%
0.12% s/en/detail/8124/Overvi Weapons (with net dividends reinvested) hedged into
Hdg AUD Australia Ltd
ew Australian dollars Index before taking into account fees,
expenses and tax.
The Fund holds all of the securities in the index most of the
time, allowing for individual security weightings to vary
Vanguard Intl https://www.vanguard.c
Vanguard marginally from the index from time to time. The Fund may
Shs Sel 0.09% / om.au/personal/product
VAN8287 Investments Nil Nil 0.26% 0.29% 0.55% hold securities that have been removed from or are expected
Exclusions 0.09% s/en/detail/8125/Overvi
Australia Ltd to be included in the index. The Fund also holds forward
IdxNZDH ew
foreign exchange contracts and may invest in futures
contracts.
Page 23 | KiwiWRAP KiwiSaver Scheme - Investment options 01 January 2021Total
Performance fees Annual annual
Individual Annual Link to publicly
Investment Investment Buy/Sell charged by underlying estimated
Issuer name action Scheme available information Description of Investment
Name code spread underlying investment fund
fees fee about Investment
investment fee charges as
% of NAV
Investment is in a range of short and long-term maturities of
global fixed interest securities, including government,
AMP Capital government-related, corporate, green bonds, asset-backed
Ethical Leaders https://www.ampcapital. and hybrid securities, in developed and emerging markets
AMP Capital 0.24% /
Hedged Global AMPI0109 Nil Nil 0.83% 0.29% 1.12% com/nz/en/investments/ around the globe. The portfolio takes a responsible
Investors (NZ) 0.24%
Fixed Interest funds investment approach and has been certified by the
Fund AIF Q Responsible Investment Association of Australasia (RIAA). The
Fund targets being 100% hedged back to New Zealand
dollars.
The Global Short Duration Fund aims to provide the investor
with access to a well-diversified portfolio of high quality
AMP Capital
https://www.ampcapital. global fixed income securities. The Fund invests in securities
Global Short AMP Capital 0.08% /
AMPI0125 Nil Nil 0.82% 0.29% 1.11% com/nz/en/investments/ with a shorter average duration than traditional fixed income
Duration Fund - Investors (NZ) 0.40%
funds funds, and takes advantage of global opportunities focusing
NWQ3
on active positions on secular trends as opposed to short term
aberrations in interest rates.
https://www.ampcapital. To maximise the amount of the monthly distribution payments
AMP Capital
com/nz/en/investments/ by outperforming, over the medium term, the weighted
Income AMP Capital 0.34% /
AMPI0129 Nil Nil 0.88% 0.29% 1.17% funds/goals-multi- average return of the market indices used to measure
Generator Fund - Investors (NZ) 0.34%
asset/amp-capital- performance of the underlying funds/assets in which the Fund
AIG F
income-generator-fund invests.
The aim of the Trust is to provide income over the medium
Perennial
Daintree High https://daintreecapital.c term, by investing in a diversified portfolio of credit fixed
Investment 0.15% /
Income Trust WPC0529.AU Nil Nil 0.75% 0.29% 1.04% om.au/daintree-high- income securities and cash, and to provide a total return (after
Management 0.15%
NZD Unit Cl income-trust/ fees) that exceeds the Benchmark measured throughout a
Limited
market cycle.
Page 24 | KiwiWRAP KiwiSaver Scheme - Investment options 01 January 2021You can also read
