BNZ KiwiSaver Scheme
BNZ KiwiSaver Conservative Fund

In their own words: "The Conservative Fund invests primarily in income assets which generally have lower levels of risk and return. It has an allocation to growth assets which generally have higher levels of risk with the potential for higher returns. It aims to achieve relatively stable returns over the short to medium term."

At a glance:

Not Mindful
Type: Conservative fund
Past Returns: 4.05%

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

Annual Fees: 0.58%

Annual fees, including membership and % management fee, assuming $10,000 investment.

More information:

A summary of this fund and it's details.

Number FND516
Name BNZ KiwiSaver Conservative Fund
Risk profile Conservative fund
Description The Conservative Fund invests primarily in income assets which generally have lower levels of risk and return. It has an allocation to growth assets which generally have higher levels of risk with the potential for higher returns. It aims to achieve relatively stable returns over the short to medium term.
Value $660M NZD
Members 65,863
Market index description based on a composite index made up of related market indices that represent the target investment mix (including currency hedging where relevant)
Disclosure Statement Period Sun March 31st 2019
Fund started Mon Feb. 11th 2013
Three-year average return 4.05%
Market index past year return 5.25%
Past year return net charges and tax 3.24
Past year return net of charges gross of tax 4.15
Market index return since fund started 5.84%
Return since fund started net 4.07%
Total annual fund fees 0.58
Total performance based fees 0.0
Manager's basic fee 0.58
Administration charges 0.0
Total other charges 23.4
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

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

Year Market Index Fund Annual Return
2019 4.40% 3.24%
2018 3.80% 4.24%
2017 4.16% 4.67%
2016 3.52% 2.16%
2015 8.10% 7.45%
2014 3.88% 3.37%

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 31 March 2019.

Showing the top 10 investments for this fund:

  • Nikko AM Wholesale NZ Cash Fund Two
    New Zealand Cash and Equivalents
    38.6%
  • Russell Global Bond Fund Class D
    Australia Int Fixed Interest
    32.65%
  • AMP Capital NZ Fixed Interest Pie
    New Zealand NZ Fixed Interest
    4.64%
  • Harbour NZ Core Fixed Interest Whs
    New Zealand NZ Fixed Interest
    4.6%
  • Mint Core Equities Fund
    New Zealand Australasian Equities
    2.41%
  • Nikko AM Wholesale Core Equity Fund
    New Zealand Australasian Equities
    2.27%
  • NZD Cash Deposit (BNZ Bank)
    New Zealand Cash and Equivalents AA-
    0.79%
  • Nestle Sa
    Switzerland International Equities
    0.29%
  • Alphabet Inc
    United States International Equities
    0.27%
  • AUD Cash Deposit (National Australia Bank)
    Australia Cash and Equivalents AA-
    0.25%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

How the money in this fund is invested.

Type Target Actual
Cash and Cash Equivalents 35.0% 39.36%
New Zealand Fixed Interest 11.0% 9.24%
International Fixed Interest 34.0% 32.65%
Australasian Equities 6.0% 4.68%
International Equities 14.0% 14.07%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

Key Personnel

  • Peter Forster

    Currently: Director, BNZ Investment Services Limited (0 years, 4 months)
    Previously: General Manager Wealth, BNZ (current position) (0 years, 7 months)

  • Richard Ansell [New]

    Currently: Director, BNZ Investment Services Limited (0 years, 1 months)
    Previously: Chair, BNZ Investment Review Committee (current position) (0 years, 1 months)

  • Richard Morath

    Currently: Director, BNZ Investment Services Limited (5 years, 9 months)
    Previously: Non-Executive Director, BNZ Life Insurance Limited (current position) (15 years, 4 months)

  • Xiaohui Zang

    Currently: Director, BNZ Investment Services Limited (1 years, 1 months)
    Previously: Financial Controller, BNZ (current position) (1 years, 9 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

The known proportion of this fund invested in the areas of concern that we track. The Fund may have investments that are not consistent with their exclusions policy because of timing issues or because there are companies of concern in indirect investments.

  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.53%
  • Animal Testing:
    2.18%
  • Fossil Fuels:
    1.31%
  • Gambling:
    0.32%
  • GMOs:
    0.26%
  • Human Rights & Environmental Violations:
    0.82%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.05%

This data has been compiled by Mindful Money from the portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2019 and Mindful Money analysis of funds within those portfolio. 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.

Does this fund have a policy to exclude any industries from its investments?

  • Adult Entertainment/Pornography:
  • Alcohol:
  • Animal Testing:
  • Fossil Fuels:
  • Gambling:
  • GMOs:
  • Human Rights & Environmental Violations:
  • Palm Oil:
  • Tobacco:
  • Weapons:

This data is compiled from Mindful Money analysis of Fund websites. 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.

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.

Download the fund's disclosure statement and portfolio holdings.

This information has been sourced from the six monthly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

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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.