Booster Asset Class Conservative Fund

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Fund type: Conservative fund

Past Returns: 4.06%

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

Annual Fees: 1.14%

Annual fees, including management and administration fees, but not membership fee.

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.


Fossil Fuel

BHP Group Ltd 0.06%
BP Cap Markets America 1.749000% 08/10/2030 0.02%
Chevron Corp 0.06%
Coca-Cola Co/The 0.04%
Coca-Cola Co/The 1.125000% 03/09/2027 0.04%
Conocophillips 0.03%
Eog Resources Inc 3.150000% 04/01/2025 0.01%
Equinor Asa 1.750000% 01/22/2026 0.03%
Equinor Asa 3.625000% 09/10/2028 0.14%
Equinor Asa 3.700000% 03/01/2024 0.07%
Exxon Mobil Corp 0.07%
Genesis Energy Ltd 0.04%
Glencore Funding Llc 2.500000% 09/01/2030 0.07%
Marathon Petroleum Corp 0.01%
Phillips 66 Partners Lp 3.150000% 12/15/2029 0.05%
Royal Dutch Shell PLC-B Shs 0.02%
Royal Dutch Shell-Spon Adr-B 0.03%
Santos Ltd 0.02%
Total Capital SA 3.883000% 10/11/2028 0.08%
Valero Energy Corp 0.01%
Woodside Petroleum Ltd 0.01%

Weapons

Boeing Co 3.200000% 03/01/2029 0.07%
General Dynamics Corp 0.01%
Honeywell International Inc 0.03%
Lockheed Martin Corp 3.550000% 01/15/2026 0.02%
Northrop Grumman Corp 0.02%
Raytheon Technologies Corp 0.01%

Tobacco

Philip Morris International 0.01%
Philip Morris Intl Inc 2.875000% 05/14/2029 0.15%
Philip Morris Intl Inc 3.375000% 08/15/2029 0.02%

Gambling

Aristocrat Leisure Ltd 0.01%

Adult Entertainment/Pornography

Alcohol

Diageo Capital PLC 2.125000% 04/29/2032 0.03%
LVMH Moet Hennessy Louis Vui 0.04%

Palm Oil

Cargill Inc 2.125000% 04/23/2030 0.02%

GMOs

Human Rights & Environmental Violations

BHP Group Ltd 0.06%
Cargill Inc 2.125000% 04/23/2030 0.02%
Chevron Corp 0.06%
Glencore Funding Llc 2.500000% 09/01/2030 0.07%
Johnson & Johnson 0.08%
Motorola Solutions Inc 4.600000% 05/23/2029 0.06%
Nestle Holdings Inc 0.625000% 01/15/2026 0.08%
Nestle Holdings Inc 1.500000% 09/14/2028 0.17%
Nestle SA-Reg 0.07%
Rio Tinto Finance PLC 4.000000% 12/11/2029 0.03%
Rio Tinto Ltd 0.02%
Royal Dutch Shell PLC-B Shs 0.02%
Royal Dutch Shell-Spon Adr-B 0.03%

Animal Testing

Bayer Capital Corp Bv 2.125000% 12/15/2029 0.04%
Cargill Inc 2.125000% 04/23/2030 0.02%
Chevron Corp 0.06%
Coca-Cola Co/The 0.04%
Coca-Cola Co/The 1.125000% 03/09/2027 0.04%
Glaxosmithkline Capital 3.375000% 12/20/2027 0.01%
Glaxosmithkline Capital 5.250000% 12/19/2033 0.14%
Hindustan Unilever Ltd 0.02%
Honeywell International Inc 0.03%
Hp Inc 3.400000% 06/17/2030 0.17%
Johnson & Johnson 0.08%
LVMH Moet Hennessy Louis Vui 0.04%
Lg Household & Health Care 0.01%
Linde PLC 0.01%
Mondelez International Inc-A 0.01%
Nan Ya Plastics Corp 0.01%
Nestle Holdings Inc 0.625000% 01/15/2026 0.07%
Nestle Holdings Inc 1.500000% 09/14/2028 0.17%
Nestle SA-Reg 0.07%
Pepsico Inc 0.05%
Philip Morris International 0.01%
Procter & Gamble Co/The 0.06%
Procter & Gamble Co/The 1.800000% 05/03/2029 0.04%
Royal Dutch Shell PLC-B Shs 0.02%
Royal Dutch Shell-Spon Adr-B 0.03%
Sherwin-Williams Co 3.450000% 08/01/2025 0.01%
Sherwin-Williams Co/The 0.01%
Unilever Finance 1.625000% 02/12/2033 0.05%
Unilever PLC-Sponsored Adr 0.01%
Upl Ltd 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 Thu Sept. 30th 2021 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.

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.

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
2021 8.80% 12.8%
2020 0.59% -3.79%
2019 4.26% 3.18%
2018 3.73% 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 Fri Dec. 31st 2021.

Showing the top 10 investments for this fund:

  • DFA Global Bond Trust NZD Hedged
    Australia Fund
    32.82%
  • DFA Five Year Diversified Fixed Interest Trust NZD Hedged
    Australia Fund
    26.39%
  • DFA Global Core Equity Trust NZD Hedged
    Australia Fund
    8.99%
  • DFA Two Year Diversified Fixed Interest Trust NZD Hedged
    Australia Fund
    6.6%
  • DFA Global Real Estate Trust NZD Hedged Class Units
    Australia Fund
    5.29%
  • DFA Global Large Company Trust
    Australia Fund
    4.66%
  • DFA Emerging Markets Sustainability Trust
    Australia Fund
    4.46%
  • NZ Core Equity Trust
    New Zealand Fund
    4.12%
  • DFA Global Value Trust
    Australia Fund
    2.93%
  • DFA Global Small Company Trust
    Australia Fund
    1.93%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Dec. 31st 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 1.0% 0.36%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 66.0% 65.81%
Australasian Equities 6.0% 5.57%
International Equities 22.0% 22.97%
Listed Properties 5.0% 5.29%
Unlisted Properties 0.0% 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 Fri Dec. 31st 2021.

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).

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
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.02%
  • Alcohol:
    0.19%
  • Animal Testing:
    2.29%
  • Fossil Fuels:
    1.74%
  • Gambling:
    0.10%
  • GMOs:
    0.01%
  • Human Rights & Environmental Violations:
    0.94%
  • Palm Oil:
    0.04%
  • Tobacco:
    0.28%
  • Weapons:
    0.48%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu Sept. 30th 2021 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 the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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.

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 $25M NZD
Period of data report Fri Dec. 31st 2021
Members 1,199
Fund started Tue July 1st 2014
Total annual fund fees 1.14%
Total performance based fees 0.0%
Manager's basic fee 1.14%
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 (6 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 (2 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 (0 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 (18 years, 9 months)
Previously: Financial Adviser Stewart Financial Group Limited (2 years, 9 months)

Don Stewart

Currently: Executive Director Stewart Financial Group Limited (34 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 Fri Dec. 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.