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Always-Ethical KiwiSaver
Always-Ethical is a KiwiSaver provider that runs 1 KiwiSaver fund, has 3,525 members, manages $100 million, or 0.1% of the KiwiSaver market.
About Always-Ethical
Always-Ethical, formerly the Amanah KiwiSaver Plan, is a single-fund KiwiSaver scheme that applies what it calls a Strict Ethical Mandate. The mandate was developed by an advisory board of Islamic scholars and excludes interest-based earnings, alcohol, tobacco, gambling, conventional banking, weapons, adult entertainment, pork and other categories. Holdings are monitored daily, and any inadvertent non-compliant income is donated to charity. The scheme is actively managed in-house, investing in a concentrated portfolio of US-listed equities and cash, with the allocation able to shift between defensive and growth positioning. Always-Ethical is open to investors of any background.
Key facts
- Ownership
- NZ-owned
- KiwiSaver scheme established
- 2014
- Investment approach
- Active ethical
- KiwiSaver funds under management
- $100 million (0.1% of the KiwiSaver market)
- Members
- 3,525
- Average member balance
- $28,416
- KiwiSaver funds offered
- 1
- Annual fee range
- 3.33%
Fund range by risk profile
- Growth: 1 fund
How has Always-Ethical KiwiSaver performed?
Over the last 5 years, their KiwiSaver fund returned +7.4% a year after fees and tax.
| Risk profile | Fund | Return |
|---|---|---|
| Growth | Ae Kiwisaver Plan | +22.0% |
KiwiSaver funds offered by Always-Ethical
| Fund | Risk profile | Annual fee | 1 year | 5 years p.a. |
|---|---|---|---|---|
| Ae Kiwisaver Plan | Growth | 3.33% | +22.0% | +7.4% |
Figures are after fund charges and tax, sourced from the FMA Disclose Register. Past performance is not a reliable indicator of future returns.