Westpac Moderate Fund

In their own words: "The Moderate Fund aims to provide moderate returns over the medium term. The fund has a higher benchmark allocation to income assets than to growth assets. Volatility is expected to be higher than the Conservative Fund but lower than the Balanced Fund in the Westpac KiwiSaver Scheme."

At a glance:

Not Mindful
Type: Balanced fund
Past Returns: *5.36%

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

Annual Fees: 0.78%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND342
Name Westpac Moderate Fund
Risk profile Balanced fund
Description The Moderate Fund aims to provide moderate returns over the medium term. The fund has a higher benchmark allocation to income assets than to growth assets. Volatility is expected to be higher than the Conservative Fund but lower than the Balanced Fund in the Westpac KiwiSaver Scheme.
Value $510M NZD
Members 36,190
Market index description The composite index return reflects a composite of benchmark index returns, weighted for the fund’s target asset allocation. The benchmark indices used for each asset class are defined in the Statement of Investment Policy and Objectives (SIPO).
Disclosure Statement Period Mon Sept. 30th 2019
Fund started Wed July 2nd 2014
Three-year average return *5.36%
Market index past year return 8.39%
Past year return net charges and tax 5.77%
Past year return net of charges gross of tax 7.12%
Market index return since fund started 7.79%
Return since fund started net 5.63%
Total annual fund fees 0.78%
Total performance based fees 0.0%
Manager's basic fee 0.6%
Administration charges 0.18%
Total other charges 27.0
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 5.68% 4.94%
2018 5.63% 5.78%
2017 6.10% 3.86%
2016 4.01% 3.6%

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:

  • K2 Alternative Strategies NZ Portfolio
    Cayman Islands Other
    2.24%
  • A2 Milk Company Ltd
    New Zealand Australasian Equities
    1.62%
  • Umbs Tba 30Yr 3.5% October Delivery
    United States Int Fixed Interest AAA
    1.44%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities N/A
    1.42%
  • US 2Yr Note (Cbt)
    United States Int Fixed Interest UNRATED
    1.29%
  • US 5Yr Note (Cbt)
    United States Int Fixed Interest UNRATED
    1.18%
  • NZ Government Bond 5.5% 15/04/2023
    New Zealand NZ Fixed Interest AA+
    1.14%
  • Blackrock Style Advantage Fund
    Luxembourg Other
    1.11%
  • Contact Energy Ltd
    New Zealand Australasian Equities N/A
    0.95%
  • NZ Government Bond 4.5% 15/04/2027
    New Zealand NZ Fixed Interest AA+
    0.92%

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 10.0% 10.81%
New Zealand Fixed Interest 22.0% 21.81%
International Fixed Interest 28.0% 27.68%
Australasian Equities 13.0% 13.04%
International Equities 17.0% 17.33%
Listed Properties 5.0% 5.22%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 5.0% 4.11%
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

  • Angelika Sansom

    Currently: Investment Analytics Manager (18 years, 1 months)
    Previously: Investment Consultant, Mercer (2 years, 4 months)

  • Francois Richeboeuf

    Currently: Senior Portfolio Manager (8 years, 11 months)
    Previously: Head of Fixed Income and Portfolio Manager, Rand Merchant Bank Asset Management (3 years, 1 months)

  • Matthew Goldsack

    Currently: Head of Investment Solutions (10 years, 9 months)
    Previously: Head of Research, AXA Global Investors (7 years, 10 months)

  • Nigel Jackson

    Currently: Acting Head of Investments & Insurance (2 years, 7 months)
    Previously: Head of Customer Proposition (7 years, 7 months)

  • Stephen Hong

    Currently: Senior Portfolio Manager (7 years, 0 months)
    Previously: Portfolio Manager, AXA Global Investors (5 years, 9 months)

  • Teresa Brandts - Giesen

    Currently: Portfolio Analyst (0 years, 9 months)
    Previously: Senior Business Intelligence Developer and Insight Analyst, Westpac New Zealand Limited (1 years, 9 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:
    0.64%
  • Animal Testing:
    1.24%
  • Fossil Fuels:
    1.40%
  • Gambling:
    0.51%
  • GMOs:
    0.15%
  • Human Rights & Environmental Violations:
    0.40%
  • Palm Oil:
    0.03%
  • Tobacco:
    0.00%
  • Weapons:
    0.12%

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

Kinder Morgan, Inc. 3.05% 01-Dec-2019 0.13%
Buckeye Partners, L.P. 4.875% 01-Feb-2021 0.07%
Nextera Energy, Inc. 0.05%
Total Sa 0.05%
Kinder Morgan, Inc. 5.0% 15-Feb-2021 0.05%
Sunoco Logistics Partners Operations Lp 4.25% 01-Apr-2024 0.04%
Hess Corporation 3.5% 15-Jul-2024 0.04%
Eqt Corporation 4.875% 15-Nov-2021 0.04%
Husky Energy Inc. 4.4% 15-Apr-2029 0.04%
Marathon Petroleum Corporation 5.125% 01-Apr-2024 0.03%
Sunoco Logistics Partners Operations Lp 4.4% 01-Apr-2021 0.03%
BHP Group Plc 0.03%
Eqm Midstream Partners Lp 5.5% 15-Jul-2028 0.03%
Concho Resources Inc. 3.75% 01-Oct-2027 0.03%
Anglo American Plc 0.03%
Repsol Sa 0.03%
Exxon Mobil Corporation 0.03%
Conocophillips 0.03%
Concho Resources Inc. 4.3% 15-Aug-2028 0.03%
Bp Capital Markets Plc 0.831% 08-Nov-2027 0.02%
Kinder Morgan Inc Class P 0.02%
Magellan Midstream Partners, L.P. 0.02%
Chevron Corporation 0.02%
Cnooc Limited 0.02%
Eog Resources, Inc. 0.02%
Royal Dutch Shell Plc Class A 0.02%
Petroleos Mexicanos Sa 6.84% 23-Jan-2030 0.02%
Noble Energy, Inc. 3.85% 15-Jan-2028 0.02%
Noble Energy, Inc. 3.9% 15-Nov-2024 0.02%
Eqm Midstream Partners Lp 4.75% 15-Jul-2023 0.02%
Bp P.L.C. 0.02%
Eni S.P.A. 0.02%
Energy Transfer Operating, L.P. 6.125% 15-Dec-2045 0.02%
Snam S.P.A. 1.0% 12-Sep-2034 0.02%
Lundin Petroleum Ab 0.02%
Nustar Energy Lp Cum Red Perp Pfd Units Series B 0.02%
Cenovus Energy Inc. 6.75% 15-Nov-2039 0.02%
Williams Companies, Inc. 4.55% 24-Jun-2024 0.01%
Dominion Energy, Inc. 4.25% 01-Jun-2028 0.01%
Engie Sa 0.01%
Enerplus Corporation 0.01%
Kinder Morgan, Inc. 5.625% 15-Nov-2023 0.01%
Occidental Petroleum Corporation 2.9% 15-Aug-2024 0.01%
Japan Petroleum Exploration Co., Ltd. 0.01%

Weapons

United Technologies Corporation 1.9% 04-May-2020 0.06%
United Technologies Corporation 0.04%
Chemring Group Plc 0.01%

Gambling

Sky City Entertainment Group 0.26%
Aristocrat Leisure Ltd 0.07%
Sands China Ltd. 5.125% 08-Aug-2025 0.03%
Galaxy Entertainment Group Limited 0.02%
Las Vegas Sands Corp. 3.5% 18-Aug-2026 0.02%
Playtech Plc 0.02%
Las Vegas Sands Corp. 0.01%
Las Vegas Sands Corp. 3.9% 08-Aug-2029 0.01%
Genting Singapore Limited 0.01%
Wynn Macau Ltd. 0.01%

Alcohol

Lvmh Moet Hennessy Louis Vuitton Se 0.10%
Diageo Plc 0.08%
Pernod Ricard Sa 0.08%
Anheuser-Busch Cos. Llc 3.65% 01-Feb-2026 0.07%
Molson Coors Brewing Company 3.0% 15-Jul-2026 0.04%
Anheuser-Busch Inbev Worldwide, Inc. 5.55% 23-Jan-2049 0.04%
Heineken Nv 0.04%
Anheuser-Busch Inbev Worldwide, Inc. 4.75% 23-Jan-2029 0.03%
Heineken Nv 1.0% 04-May-2026 0.03%
Carlsberg A/S Class B 0.02%
Constellation Brands, Inc. Class A 0.02%
Ambev Sa Sponsored Adr 0.02%
Davide Campari-Milano S.P.A. 0.02%
Ambev Sa 0.01%

Palm Oil

Malaysia Airports Holdings Bhd. 0.01%

GMOs

Bayer Ag 0.08%
Novartis Ag 0.02%
Syngenta Finance Nv 3.698% 24-Apr-2020 0.02%
Stora Enso Oyj Class R 0.01%

Human Rights & Environmental Violations

Nestle S.A. 0.14%
Johnson & Johnson 0.08%
BHP Group Plc 0.03%
Chevron Corporation 0.02%
Royal Dutch Shell Plc Class A 0.02%
Freeport-Mcmoran, Inc. 0.02%
Sempra Energy 0.02%
Petroleo Brasileiro Sa Pfd 0.02%
Barrick Gold Corporation 0.01%

Animal Testing

Nestle S.A. 0.140%
Lvmh Moet Hennessy Louis Vuitton Se 0.100%
Colgate-Palmolive Company 0.100%
Bayer Ag 0.080%
Johnson & Johnson 0.080%
Reckitt Benckiser Group Plc 0.070%
Danone Sa 0.070%
Akzo Nobel N.V. 0.050%
Procter & Gamble Company 0.050%
Ppg Industries, Inc. 0.050%
Air Liquide Sa 0.040%
Shiseido Company,Limited 0.040%
Pepsico, Inc. 0.030%
Ecolab Inc. 0.020%
Burberry Group Plc 0.020%
Chevron Corporation 0.020%
Coca-Cola Company 0.020%
Royal Dutch Shell Plc Class A 0.020%
Symrise Ag 0.020%
L'Oreal Sa 0.020%
Chr. Hansen Holding A/S 0.020%
Unilever Nv 0.020%
General Mills, Inc. 0.020%
Kraft Heinz Foods Co. 4.875% 01-Oct-2049 0.020%
Beiersdorf Ag 0.020%
Syngenta Finance Nv 3.698% 24-Apr-2020 0.020%
Givaudan Sa 0.020%
Kikkoman Corporation 0.010%
Kraft Heinz Company 0.010%

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital investment. Past returns are not a guide to future returns. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.