Maritime KiwiSaver Scheme
Maritime KiwiSaver Conservative Portfolio

In their own words: "Invests about 80% in bonds and cash with about 20% in shares and other growth assets. Suited to shorter-term investors who want fairly consistent returns with less ups and downs than can be expected from the Balanced Portfolio."

At a glance:

Not Mindful
Type: Conservative fund
Past Returns: *3.45%

Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.

Annual Fees: 0.57%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND248
Name Maritime KiwiSaver Conservative Portfolio
Risk profile Conservative fund
Description Invests about 80% in bonds and cash with about 20% in shares and other growth assets. Suited to shorter-term investors who want fairly consistent returns with less ups and downs than can be expected from the Balanced Portfolio.
Value $2.1M NZD
Members 66
Market index description
Disclosure Statement Period Sun March 31st 2019
Fund started Thu April 21st 2016
Three-year average return *3.45%
Market index past year return 5.20%
Past year return net charges and tax 2.89%
Past year return net of charges gross of tax 4.14%
Market index return since fund started 6.30%
Return since fund started net 5.30%
Total annual fund fees 0.57%
Total performance based fees 0.0%
Manager's basic fee 0.23%
Administration charges 0.34%
Total other charges 0.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2019 4.40% 2.89%
2018 3.80% 4.0%
2017 4.16% 4.5%
2016 3.52% 9.7%
2015 8.10% 3.2%
2014 3.88% 8.5%
2013 6.92% 6.2%
2012 3.16% 6.2%
2011 5.06% 15.2%
2010 10.26% -5.9%

The market index is the average NZ KiwiSaver return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Showing the top 10 investments for this fund:

  • Hunter Global Fixed Interest Fund
    New Zealand International Fixed Interest
    30.93%
  • AMP Capital NZ Fixed Interest Fund
    New Zealand New Zealand Fixed Interest
    19.91%
  • Bw Global Opportunistic Fixed Interest Fund
    Ireland International Fixed Interest
    14.91%
  • AMP Capital NZ Cash Fund
    New Zealand Cash and Cash Equivalents
    13.72%
  • ANZ W/S International Share Fund
    New Zealand International Equities
    9.15%
  • AMP Global Index Share Fund
    New Zealand International Equities
    4.42%
  • Salt NZ Dividend Appreciation Fund
    New Zealand Australasian Equities
    2.58%
  • Nikko Multi-Strategy Fund
    New Zealand Other
    2.33%
  • AMP Capital Australian Shares Fund
    New Zealand Australasian Equities
    2.05%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 15.0% 13.7%
New Zealand Fixed Interest 20.0% 19.9%
International Fixed Interest 45.0% 45.8%
Australasian Equities 4.0% 4.6%
International Equities 13.5% 13.6%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 2.5% 2.3%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Key Personnel

  • David Young

    Currently: Chair (3 years, 1 months)
    Previously: Chair (15 years, 0 months)

  • Joe Fleetwood

    Currently: Deputy Chair (3 years, 1 months)
    Previously: Deputy Chair (5 years, 0 months)

  • Simon Brodie

    Currently: Licensed Independent Trustee (3 years, 1 months)
    Previously: Independent Trustee (2 years, 6 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.61%
  • Animal Testing:
    1.69%
  • Fossil Fuels:
    1.06%
  • Gambling:
    0.19%
  • GMOs:
    0.19%
  • Human Rights & Environmental Violations:
    0.60%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.00%
  • Weapons:
    0.18%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

Note that many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons

Specific companies invested in:

Fossil Fuel

Energy Transfer Partners Lp 150325 4.05 Cb 0.06%
Kinder Morgan Inc 011219 3.05 Cb 0.03%
Andeavor Logistics Lp 151019 5.50 Cb 0.02%
Energy Transfer Partners Lp 011020 4.15 Cb 0.01%
Petroleos Mexicanos (144A) 7.6900% Mat 01/23/2050 0.25%
Petroleos Mexicanos 6.7500% Mat 09/21/2047 0.05%
Royal Dutch Shell 0.01%
Bp Plc 0.01%
Phillips 66 0.01%
Total Sa 0.01%
Exxon Mobil Corp 0.03%
Chevron Corp 0.02%
Royal Dutch Shell Plc-A Shs 0.01%
Royal Dutch Shell Plc-B Shs 0.01%
BHP Group Ltd 0.12%
Woodside Petroleum Ltd 0.03%
Santos Ltd 0.02%
Origin Energy Ltd 0.02%
Apa Group 0.02%
South32 Ltd 0.01%
Oil Search Ltd 0.01%

Weapons

Textron Inc 101120 Frn 0.04%
Safran Sa 0.05%
United Technologies 0.04%

Gambling

Mgm Resorts International 011020 6.75 Cb 0.04%
Sands China Ltd 080828 5.4 Cb 0.02%
Sands China Ltd 080825 5.125 Cb 0.02%
Mgm Resorts International151221 6.625 Cb 0.02%
Sky City Entertainment Group 0.04%
Aristocrat Leisure Ltd 0.03%
Tabcorp Holdings Ltd 0.01%

Alcohol

Anheuser Busch Inbev Nv 070325 1.75 Cb 0.08%
Pernod Ricard Sa 150122 4.45 Cb 0.06%
Pernod Ricard Sa 070421 5.75 Cb 0.02%
Lvmh Moet Hennessy 0.10%
Diageo Plc 0.08%
Pernod-Ricard Sa 0.07%
Heineken Nv 0.04%
Anheuser-Busch 0.03%
Carlsberg As - B Shs 0.03%
Ambev Sa-Adr 0.01%
Ambev Sa 0.01%
Treasury Wine Estates Ltd 0.01%

Palm Oil

GMOs

Syngenta Finance Ag 230421 3.933 Cb 0.08%
Bayer Ag 0.07%
Novartis Ag 0.02%

Human Rights & Environmental Violations

Nestle Sa 0.03%
Essity Aktiebolag-B 0.08%
Johnson & Johnson 0.03%
Royal Dutch Shell 0.01%
Chevron Corp 0.02%
Royal Dutch Shell Plc-A Shs 0.01%
BHP Group Ltd 0.12%

Animal Testing

Syngenta Finance Ag 230421 3.933 Cb 0.080%
Danone Sa 021121 2.077 Cb 0.065%
Tesco Property Finance Plc 130440 5.744 Sf 0.049%
Bayer US Finance Ii Llc 151228 4.375 Cb 0.028%
Bayer US Finance Ii Llc 151225 4.25 Cb 0.028%
Reckitt Benckiser Treasury Services Plc 240622 Frn 0.025%
Bayer US Finance Ii Llc 250621 3.50 Cb 0.012%
Bayer US Finance Ii Llc250621 Frn 0.012%
Nestle Sa 0.031%
Lvmh Moet Hennessy 0.101%
Reckitt Benckiser 0.093%
Essity Aktiebolag-B 0.084%
Danone 0.073%
Bayer Ag 0.070%
Johnson & Johnson 0.032%
Unilever Nv Ord 0.053%
Akzo Nobel N.V 0.051%
Ppg Industries Inc 0.050%
Colgate Palmolive 0.047%
Koninklijke Dsm Nv 0.044%
Air Liquide 0.042%
Coca Cola Co 0.030%
Pepsico Inc 0.018%
Burberry Group Plc 0.022%
Royal Dutch Shell 0.012%
Glaxosmithkline Plc 0.011%
Walgreens Boots Alli 0.010%
Procter & Gamble Co/The 0.029%
Chevron Corp 0.021%
Coca-Cola Co/The 0.021%
Royal Dutch Shell Plc-A Shs 0.012%
Royal Dutch Shell Plc-B Shs 0.010%
Lvmh Moet Hennessy Louis Vuitt 0.010%

Download the fund's disclosure statement and portfolio holdings.

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.