Using the most recent returns and fund update reports from June 2023, we will examine Lifestages’s recent KiwiSaver Performance.
Lifestages is a division of SBS bank’s subsidiary, Funds Administration New Zealand Limited (FANZ). The Lifestages KiwiSaver program manages two funds: a high-growth fund and an income fund. Additionally, Lifestages KiwiSaver investors can select an auto fund that invests in a combination of the two aforementioned funds, adjusted based on your age.
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Performance of Lifestages KiwiSaver Funds
News about Lifestages
So far this year, Lifestage’s high growth fund has been doing exceptionally well, thanks to the impressive performances of major tech companies. However, there has been a bit of a slowdown in August as the market anticipates the likelihood of higher interest rates for a longer duration. For New Zealand firms, August proved to be a challenging month due to a combination of poor earnings and political instability. Nevertheless, Lifestage’s income and high growth fund have both generated positive returns over the past year.
In addition, Lifestages recently 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.
Performance of Lifestages KiwiSaver Funds
| Funds |
1 Year |
3 Year |
5 Year |
|
Income |
0.77% |
-1.92% |
0.39% |
|
High Growth |
12.10% |
6.94% |
6.17% |
Sourced from Lifestages fund performance report
*These returns are to 31 August 2023 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 31 July 2023.
Lifestages Income Fund
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 following is Sourced from Lifestages Income Fund Update
Returns
Fees
The total annual fees for investors in the Lifestages Income Fund are 0.80% per year, with additional membership fees of $16 per year.
Investment mix
Top ten investments
This table shows Lifestages’s top 10 investments in the Cash KiwiSaver Fund, which comprise 85.63% of the fund.
Lifestages High Growth 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 following is Sourced from Lifestages High Growth Fund Update
Returns
Fees
The total annual fees for investors in the Lifestages High Growth Fund are 1.10% per year, with additional membership fees of $16 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 58.38% 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.