Kiwi Wealth Conservative

In their own words: "The Conservative Fund is invested up to 35% in shares and other growth assets with the remainder invested in cash and fixed interest assets. Its objective is to exceed the returns you would receive from investing 70% of your funds in NewZealand fixed interest assets and cash and 30% in globalshares, through active asset allocation and active selection ofshares and other growth assets, fixed interest and cash assets. This Fund is certified by the Responsible Investment Association of Australasia (RIAA) and engages with companies to improve their performance."

At a glance:

Mindful Fund
Type: Conservative fund
Past Returns: *3.92%

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

Annual Fees: 1.08%

Annual fees, including membership and % management fee.

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More information:

A summary of this fund and it's details.

Number FND552
Name Kiwi Wealth Conservative
Risk profile Conservative fund
Description The Conservative Fund is invested up to 35% in shares and other growth assets with the remainder invested in cash and fixed interest assets. Its objective is to exceed the returns you would receive from investing 70% of your funds in NewZealand fixed interest assets and cash and 30% in globalshares, through active asset allocation and active selection ofshares and other growth assets, fixed interest and cash assets. This Fund is certified by the Responsible Investment Association of Australasia (RIAA) and engages with companies to improve their performance.
Value $790M NZD
Members 51,470
Market index description The market index return is the strategic asset allocation weighted benchmark index return, where the benchmark indicies are defined in the Statement of Investment Policy and Objectives. Additional information about the market index is available on the Disclose offer register at https://disclose-register.companiesoffice.govt.nz/
Disclosure Statement Period Mon Sept. 30th 2019
Fund started Mon Oct. 1st 2007
Three-year average return *3.92%
Market index past year return 5.56%
Past year return net charges and tax 4.47%
Past year return net of charges gross of tax 6.26%
Market index return since fund started 5.28%
Return since fund started net 4.42%
Total annual fund fees 1.08%
Total performance based fees 0.0%
Manager's basic fee 1.05%
Administration charges 0.03%
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% 3.92%
2018 3.80% 3.92%
2017 4.16% 2.94%
2016 3.52% 2.21%
2015 8.10% 8.01%
2014 3.88% 4.29%
2013 6.92% 5.94%
2012 3.16% 3.17%
2011 5.06% 4.0%
2010 10.26% 5.02%

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:

  • Westpac NZD Account
    New Zealand Cash and Equivalents AA-
    2.88%
  • New Zealand Local Government Funding Agency Bond 14/4/2033
    New Zealand NZ Fixed Interest AA+
    2.67%
  • Landwirtschaftliche Rentenbank 23/4/2024
    Germany Int Fixed Interest AAA
    2.67%
  • United States Treasury Note 15/5/2029
    United States Int Fixed Interest AA+
    2.61%
  • Kommunalbanken As 20/8/2025
    Norway Int Fixed Interest AAA
    2.36%
  • New Zealand Local Government Funding Agency Bond 15/4/2027
    New Zealand NZ Fixed Interest AA+
    2.08%
  • Housing New Zealand Ltd 18/10/2028
    New Zealand NZ Fixed Interest AA+
    1.88%
  • Kreditanstalt Fuer Wiederaufbau 7/3/2023
    Germany Int Fixed Interest AAA
    1.83%
  • International Bank For Reconstruction & Development 2/2/2023
    United States Int Fixed Interest AAA
    1.14%
  • Nordic Investment Bank 2/9/2025
    Finland Int Fixed Interest AAA
    1.05%

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 35.0% 6.52%
New Zealand Fixed Interest 35.0% 21.72%
International Fixed Interest 0.0% 40.2%
Australasian Equities 0.0% 0.22%
International Equities 30.0% 28.64%
Listed Properties 0.0% 1.05%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 1.65%
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

  • Diana Gordon

    Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (7 years, 1 months)
    Previously: Senior High Yield Portfolio Manager, Goldman Sachs Asset Management New York (10 years, 10 months)

  • Greg Hayton

    Currently: Cash Portfolio Manager & Senior Fixed Income Trader - Kiwi Wealth Investments Limited Partnership (9 years, 11 months)
    Previously: Portfolio Administrator - Gareth Morgan Investments Limited Partnership (1 years, 6 months)

  • Nathan Field

    Currently: Portfolio Manager, Equities - Kiwi Wealth Investments Limited Partnership (9 years, 4 months)
    Previously: Senior Equity Analyst - ABN Amro, Sydney (4 years, 6 months)

  • Simon O'Grady

    Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (6 years, 11 months)
    Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, 0 months)

  • Steffan Berridge

    Currently: Senior Quantitative Strategist – Kiwi Wealth Investments Limited Partnership (6 years, 0 months)
    Previously: Portfolio Manager - Man Group PLC (9 years, None 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:
    0.57%
  • Animal Testing:
    4.23%
  • Fossil Fuels:
    3.21%
  • Gambling:
    0.26%
  • GMOs:
    0.08%
  • Human Rights & Environmental Violations:
    2.22%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.30%

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

BHP Billiton Finance Ltd 30/3/2020 0.52%
Bp Capital Markets Plc 10/2/2024 0.45%
Total Capital International Sa 2/9/2020 0.26%
Nextera Energy Inc 0.25%
Chevron Corp 16/5/2021 0.25%
Royal Dutch Shell 0.24%
Bp Plc 0.17%
Total Sa 0.14%
Total Capital International Sa 19/6/2021 0.10%
Chevron Corp 0.10%
Kinder Morgan Inc/De 0.06%
Anglo American Plc 0.06%
Canadian Natural Resources Ltd 0.06%
Woodside Petroleum Ltd 0.05%
Oneok Partners Lp 15/9/2023 0.05%
Oneok Partners Lp 15/3/2025 0.05%
Equinor Asa 0.05%
Jxtg Holdings Inc 0.04%
Parsley Energy Inc 0.04%
Suncor Energy Inc 0.03%
Exxon Mobil Corp 0.03%
Cvr Energy Inc 0.02%
Eog Resources Inc 0.02%
Marathon Petroleum Corp 0.02%
Oneok Inc 0.02%
Pioneer Natural Resources Co 0.02%
Royal Dutch Shell B Shares 0.02%
Total Capital International 4.25% 26/11/2021 26/11/2021 0.01%
BHP Billiton 0.01%
BHP Billiton Plc 0.01%
Diamondback Energy Inc 0.01%
Enbridge Inc 0.01%
Oil Co Lukoil Pjsc Adr Each Repr 1 Ord Rub 0.02 0.01%
Concho Resources Inc 0.01%
Hollyfrontier Corp 0.01%
Snam Spa 0.01%

Weapons

Airbus Se 0.17%
Raytheon Company 0.03%
Safran Sa 0.03%
Leonardo Spa 0.02%
Booz Allen Hamilton Holding Corp 0.02%
Boeing Co/The 0.02%
Thales (Ex Thomson - Csf) 0.01%

Gambling

William Hill Plc 7/9/2023 0.26%

Alcohol

Constellation Brands Inc 1/5/2021 0.20%
Diageo Plc 0.19%
Lvmh Moet Hennessy Louis Vuitton Se 0.11%
Pernod-Ricard Sa 0.01%
Constellation Brands Inc-A 0.01%
Anheuser Busch Inbev Sa Nv 0.01%
Carlsberg A/S 0.01%
Heineken Nv 0.01%
Asahi Group Holdings Ltd 0.01%
Ambev Sa 0.01%

GMOs

Novartis 0.04%
Dupont De Nemours Inc 0.01%
Bayer Ag 0.01%
Nutrien Ltd Com Npv 0.01%
Novozymes A/S Ser`B`Dkk2 0.01%

Human Rights & Environmental Violations

BHP Billiton Finance Ltd 30/3/2020 0.52%
Nestle S.A. 0.52%
Johnson & Johnson 20/5/2024 0.50%
Royal Dutch Shell 0.24%
Sempra Energy 0.12%
Johnson & Johnson 0.11%
Chevron Corp 0.10%
Johnson & Johnson 15/1/2028 0.03%
Leonardo Spa 0.02%
Royal Dutch Shell B Shares 0.02%
BHP Billiton 0.01%
BHP Billiton Plc 0.01%
Petroleo Brasileiro Sa - Adr 0.01%
Nutrien Ltd Com Npv 0.01%

Animal Testing

Nestle S.A. 0.520%
Johnson & Johnson 20/5/2024 0.500%
Procter & Gamble Co/The 0.360%
Coca Cola 0.350%
Tesco Corporate Treasury Services Plc 1/7/2024 0.290%
Ecolab Inc 8/12/2021 0.260%
Pepsico Inc 0.240%
Royal Dutch Shell 0.240%
L'Oreal Sa 0.210%
Procter & Gamble Co/The 2/11/2023 0.210%
Ecolab Inc 0.120%
Johnson & Johnson 0.110%
Lvmh Moet Hennessy Louis Vuitton Se 0.110%
Chevron Corp 0.100%
Unilever Nv 0.090%
Glaxosmithkline Plc 0.070%
Colgate-Palmolive Co 0.060%
Ppg Industries Inc 0.050%
Estee Lauder Cos Inc/The 0.040%
Danone Sa 15/6/2022 0.040%
Air Products & Chemicals Inc 0.040%
Walgreens Boots Alliance Inc 0.030%
Unilever Plc 0.030%
Johnson & Johnson 15/1/2028 0.030%
Royal Dutch Shell B Shares 0.020%
General Mills Inc 0.010%
Air Liquide 0.010%
Akzo Nobel Nv Eur0.50 0.010%
Bayer Ag 0.010%
Shiseido Co Ltd 0.010%
Kimberly-Clark Corp 0.010%
Arkema 0.010%
Burberry Group Plc 0.010%
Reckitt Benckiser Group Plc 0.010%
Clorox Co Del 0.010%
Novozymes A/S Ser`B`Dkk2 0.010%

Download the fund's disclosure statement and portfolio holdings.

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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.