Funds

Booster Asset Class Conservative Fund

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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:

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

Companies of concern

  • Fossil Fuel

    • Loews Corp 3.200000% 05/15/2030 0.19%
    • Contact Energy Ltd 0.17%
    • Genesis Energy Ltd 0.04%
    • Continental Resources 5.750000% 01/15/2031 0.03%
    • Esb Finance Dac 1.875000% 06/14/2031 0.03%
    • Ampol Ltd 0.02%
    • Channel Infrastructure NZ Lt 0.02%
    • Valero Energy Corp 0.02%
    • Apa Group 0.01%
    • Enbridge Inc 0.01%
    • Iberdrola SA 0.01%
    • Novatek Microelectronics Cor 0.01%
    • Sk Innovation Co Ltd 0.01%
    • Viva Energy Group Ltd 0.01%

  • Weapons

    • Dick'S Sporting Goods 3.150000% 01/15/2032 0.16%
    • Walmart Inc 0.08%
    • Walmart Inc 5.625000% 03/27/2034 0.03%
    • Walmart Inc 5.750000% 12/19/2030 0.02%
    • Bharat Electronics Ltd 0.01%
    • Walmart De Mexico Sab De Cv 0.01%
    • Walmart Inc 4.875000% 09/21/2029 0.01%

  • Gambling

    • Vici Properties Inc 0.09%
    • Gaming and Leisure Propertie 0.04%

  • Human Rights & Environmental Violations

    • Thermo Fisher Scientific 2.375000% 04/15/2032 0.19%
    • Credit Suisse New York 2.950000% 04/09/2025 0.17%
    • Johnson & Johnson Com US$1 0.17%
    • Credit Suisse Group AG 3.750000% 03/26/2025 0.15%
    • Johnson & Johnson 3.550000% 03/01/2036 0.12%
    • Thermo Fisher Scientific 2.800000% 10/15/2041 0.08%
    • Wells Fargo & Company 2.509000% 10/27/2023 0.08%
    • Credit Suisse Group AG 0.650000% 09/10/2029 0.07%
    • Wells Fargo & Company 3.184000% 02/08/2024 0.06%
    • Wells Fargo & Company 2.500000% 05/02/2029 0.05%
    • Activision Blizzard Inc 0.04%
    • Rio Tinto Ltd 0.04%
    • Thermo Fisher Scientific 2.000000% 04/15/2025 0.04%
    • Thermo Fisher Scientific Inc 0.04%
    • Caterpillar Inc 0.03%
    • Li Ning Co Ltd 0.03%
    • Rio Tinto PLC Ord 10P Gbp 0.03%
    • Thermo Fisher Scientific 1.950000% 07/24/2029 0.03%
    • Wells Fargo & Company 0.625000% 08/14/2030 0.03%
    • Wells Fargo & Company 3.000000% 04/22/2026 0.03%
    • Wells Fargo & Company 0.02%
    • Corteva Inc 0.01%
    • Thermo Fisher Scientific 0.125000% 03/01/2025 0.01%
    • Upl Ltd 0.01%

  • Animal Cruelty

    • Coca-Cola Co/The 3.250000% 06/11/2024 0.17%
    • Pvh Corp 3.625000% 07/15/2024 0.12%
    • Ralph Lauren Corp 2.950000% 06/15/2030 0.11%
    • Procter & Gamble Company 0.10%
    • Pvh Corp 3.125000% 12/15/2027 0.09%
    • Coca-Cola Co/The 0.400000% 05/06/2030 0.07%
    • Coca Cola Co USD 0.06%
    • Jab Holdings Bv 1.000000% 07/14/2031 0.06%
    • Pepsico Inc Cap US$0.01 2/3 0.06%
    • Unilever PLC 0.05%
    • Colgate-Palmolive Co 0.300000% 11/10/2029 0.04%
    • Ping An Insurance Group Co-H 0.04%
    • Sherwin Williams Com Usd1 0.04%
    • Colgate Palmolive Usd1 0.03%
    • Estee Lauder Co Inc 2.600000% 04/15/2030 0.03%
    • Jab Holdings Bv 1.625000% 04/30/2025 0.03%
    • Procter & Gamble Co/The 1.200000% 10/29/2030 0.03%
    • 3M Co 0.02%
    • Asian Paints Ltd 0.02%
    • Campbell Soup Co 2.375000% 04/24/2030 0.02%
    • Coca-Cola Co/The 0.500000% 03/09/2033 0.02%
    • General Mills Inc 0.02%
    • Hindustan Unilever Ltd 0.02%
    • L'Oreal 0.02%
    • Procter & Gamble Co/The 1.125000% 11/02/2023 0.02%
    • Procter & Gamble Co/The 1.250000% 10/25/2029 0.02%
    • Upl Ltd 0.02%
    • Corteva Inc 0.01%
    • Hermes International 0.01%
    • Marico Ltd 0.01%
    • Sk Innovation Co Ltd 0.01%
    • Srf Ltd 0.01%
    • Unilever Finance 1.625000% 02/12/2033 0.01%

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. 2022 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

In their own words

The Asset Class Conservative Fund invests mainly in income assets, but includes some growth assets. It is suited to investors looking for a low to medium level of risk and are willing to accept a moderate level of returns.

Value $22M NZD
Period of data report 31st Dec. 2022
Members 1,188
Fund started 1st July 2014
Total annual fund fees 1.12%
Total performance based fees 0.0%
Manager's basic fee 1.12%
Other management and administration charges 0.0%
Total other charges 36.0
Total other charges currency NZD

Key Personnel

Bhanu Singh

Currently: Director and Head of Asia Pacific Portfolio Management, Dimensional Fund Advisors (7 years, 4 months)
Previously: Portfolio Manager, Dimensional Fund Advisors (5 years, 3 months)

Jed Fogdall

Currently: Head of Global Portfolio Management and Chair of the Investment Committee, Dimensional Fund Advisors (3 years, 10 months)
Previously: Co-Head of Portfolio Management and Vice President, Dimensional Fund Advisors (7 years, 0 months)

Jim Whittington

Currently: Head of Responsible Investment and ex officio member of the Investment Stewardship Committee, Dimensional Fund Advisors (1 years, 2 months)
Previously: Senior Portfolio Manager and Vice President, Dimensional Fund Advisors (9 years, 3 months)

Nicholas Stewart

Currently: Executive Director, Stewart Financial Group Limited (19 years, 9 months)
Previously: Financial Adviser, Stewart Financial Group Limited (2 years, 9 months)

Don Stewart

Currently: Executive Director, Stewart Financial Group Limited (35 years, 3 months)
Previously: Financial Adviser, National Mutual Limited (12 years, 3 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.

Investment Exclusions

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

Issue of concern Does this fund say it excludes this? Actual holdings
Adult Entertainment /Pornography 0.00%
Alcohol 0.00%
Animal Cruelty 2.11%
Fossil Fuels 0.91%
Gambling 0.13%
GMOs 0.02%
Human Rights & Environmental Violations 1.70%
Palm Oil 0.00%
Tobacco 0.02%
Weapons 0.51%

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. 2022 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.

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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

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
2022 -0.92% -1.33%
2021 8.73% 12.8%
2020 1.42% -3.79%
2019 4.58% 3.18%
2018 3.58% 2.76%
2017 4.10% 4.84%
2016 3.52% 2.76%

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. 2022.

Top 10 Investments

  • DFA Global Bond Sustainability Trust NZD Hedged
    Australia Fund
    46.1%
  • DFA Two Year Sustainability Fi Trust NZD Hedged
    Australia Fund
    20.3%
  • DFA Global Sustainability PIE Fund
    New Zealand Fund
    8.91%
  • DFA Global Sustainability PIE Fund (NZD Hedged)
    New Zealand Fund
    8.68%
  • DFA Global Real Estate Trust NZD Hedged Class Units
    Australia Fund
    4.86%
  • DFA Emerging Markets Sustainability Trust
    Australia Fund
    4.47%
  • NZ Core Equity Trust
    New Zealand Fund
    4.2%
  • DFA Australian Sustainability Trust
    Australia Fund
    1.38%
  • NZ Cash (BNZ Bank Trust Account)
    New Zealand Cash and Equivalents A-1+
    1.1%
Type Target Actual
Cash and Cash Equivalents 1.0% 1.1%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 66.0% 66.4%
Australasian Equities 6.0% 5.58%
International Equities 22.0% 22.06%
Listed Properties 5.0% 4.86%
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.

Target

Actual

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.