Issues of concern

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.

Key:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

    • Wells Fargo & Co 0.03%
    • Rio Tinto Ltd 0.02%
    • Credit Suisse AG London 0.01%
    • BHP Group Ltd 0.11% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Bayer US Finance Ii Llc 0.02%
    • Jab Holdings Bv 0.03%
    • Bayer US Finance Ii Llc 0.02%
    • Koninklijke Dsm Nv 0.02%
    • Richemont International 0.02%
    • Essity Ab 0.01%
    • Contact Energy Ltd 0.36% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.11% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Woodside Energy Group Ltd 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Rio Tinto Ltd 0.02%
    • Santos Ltd 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30th Sept. 2023 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, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

About this fund

The Conservative Fund is suited to investors who seek modest returns on average over the short to medium term, allowing for some shorter-term ups and downs. We aim to achieve this by investing primarily in income assets, while including some growth assets.

Value $48.0M NZD
Period of data report 31st Dec. 2023
Members 3,451
Fund started 1st July 2014
Total annual fund fees 0.38%
Total performance based fees 0.0%
Manager's basic fee 0.38%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Nic Craven

Currently: Chief Investment Officer, Booster Financial Services Limited (2 years, 5 months)
Previously: Senior Manager - Research, Booster Financial Services Limited (3 years, 2 months)

Brendon Doyle

Currently: Director of Direct Investments, Booster Financial Services Limited (6 years, 11 months)
Previously: Deputy Secretary, Financial Operations, New Zealand Treasury (1 years, 1 months)

David Beattie

Currently: Chair of the Investment Committee, Booster Investment Management Limited (4 years, 10 months)
Previously: CIO, Booster Financial Services Limited (17 years, 6 months)

Aaron Usher

Currently: Portfolio Strategy Manager, Booster Financial Services Limited (2 years, 5 months)
Previously: Portfolio Manager - Australasian Equities, Booster Financial Services Limited (3 years, 8 months)

Rowan Calvert

Currently: Portfolio Manager - Global Equities, Booster Financial Services Limited (6 years, 2 months)
Previously: Senior Equity Analyst, Booster Financial Services Limited (7 years, 4 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2023.

Past Returns

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2023 -1.85% -1.63%
2022 -0.58% -0.15%
2021 8.94% 6.58%
2020 0.45% 2.13%
2019 4.19% 4.25%
2018 3.58% 3.65%
2017 4.10% 3.43%
2016 3.52% 3.08%

The market average is the average 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 31st Dec. 2023.

Top 10 Investments

  • Vanguard Ethically Conscious Gbl Agg Bond Index Fund NZD Hgd
    Australia Fund
    31.84%
  • Ubs Msci World Socially Responsible Ucits ETF
    Germany Fund
    11.79%
  • NZ Cash (BNZ Bank Trust Account)
    New Zealand Cash and Equivalents A-1+
    2.99%
  • NZ Govt Stock 0.50% 15/05/2024
    New Zealand NZ Fixed Interest AAA
    2.22%
  • NZ Govt Stock 2.75% 15/04/2025
    New Zealand NZ Fixed Interest AAA
    2.1%
  • NZ Govt Stock 3.50% 14/04/2033
    New Zealand NZ Fixed Interest AAA
    2.05%
  • BNZ Bank Bill 02/02/2024
    New Zealand NZ Fixed Interest A-1+
    1.95%
  • Housing New Zealand 3.36% 12/06/2025
    New Zealand NZ Fixed Interest AAA
    1.65%
  • ASB Bank Bonds 1.646% 04/05/2026
    New Zealand NZ Fixed Interest AA-
    1.59%
  • Local Govt Funding Authority 2.25% 15/05/2031
    New Zealand NZ Fixed Interest AAA
    1.29%
Type Target Actual
Cash and Cash Equivalents 30.0% 15.95%
New Zealand Fixed Interest 28.0% 32.51%
International Fixed Interest 22.0% 32.61%
Australasian Equities 6.0% 5.18%
International Equities 12.0% 12.8%
Listed Properties 2.0% 0.95%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

Investment Mix

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

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2023.