Funds
Summer Conservative Selection
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
- BHP Group Limited 0.63%
- Genesis Energy Limited 5.0% 03/04/2025 0.48%
- Contact Energy Limited Capital Bonds 19/11/2051 4.33% 0.39%
- Contact Energy Limited 0.34%
- Channel Infrastructure 5.8% 20/05/2027 0.24%
- Santos Limited 0.20%
- Viva Energy Group Limited 0.10%
- South32 Limited 0.08%
- Apa Group Limited 0.04%
- Channel Infrastructure NZ Limited 0.04%
- Genesis Energy Limited 0.04%
- National Grid PLC 0.04%
- Ck Hutchison Holdings Ltd 0.03%
- Endesa SA 0.03%
- Samsung C&T Corp 0.03%
- Shell PLC 0.03%
- Totalenergies Se 0.03%
- Centrica PLC 0.02%
- Consolidated Edison Inc 0.02%
- Exxon Mobil Corp 0.02%
- Karoon Energy Ltd 0.02%
- Lg Corp 0.02%
- Duke Energy Corp 0.01%
- Enel Spa 0.01%
- Entergy Corp 0.01%
- Kansai Electric Power Co Inc 0.01%
- Lg Corp-Pref 0.01%
- Osaka Gas Co Ltd 0.01%
- Southern Co/The 0.01%
Weapons
- Walmart Inc 0.03%
Gambling
- Skycity Entertainment Group Limited 0.29%
- Skycity Entertainment Group Ltd 21/05/2027 3.02% 0.10%
- Aristocrat Leisure Limited 0.08%
- The Star Entertainment Group Limited 0.04%
Alcohol
- Heineken Nv 0.11%
- Endeavour Group Ltd 0.06%
- Treasury Wine Estates Limited 0.04%
- Delegat Group Limited 0.03%
- Heineken Holding Nv 0.02%
- Asahi Group Holdings Ltd 0.01%
Human Rights & Environmental Violations
- BHP Group Limited 0.63%
- Rio Tinto Limited 0.21%
- Nestle SA-Reg 0.15%
- Uber Technologies Inc 0.06%
- Credit Suisse Group AG Sr Unsec 144A 0.04%
- Credit Suisse Group AG Srunsec 144A Sofr 0.04%
- Credit Suisse New York Sr Unsec 0.04%
- Credit Suisse Group AG Coco Jr Sub 144A 0.03%
- Credit Suisse Group AG Sr Unsec 0.03%
- Johnson & Johnson 0.03%
- Motorola Solutions Inc 0.03%
- Rio Tinto PLC 0.03%
- Shell PLC 0.03%
- Wells Fargo & Company Sr Unsec Sofr 0.03%
- Activision Blizzard Inc 0.02%
- Wells Fargo & Company **Full Call** 0.02%
- Wells Fargo & Company Sofr 0.02%
- Duke Energy Corp 0.01%
Animal Cruelty
- Nestle SA-Reg 0.15%
- LVMH Moet Hennessy Louis Vui 0.07%
- Kerry Group PLC-A 0.06%
- Unilever PLC 0.04%
- Henkel AG & Co Kgaa Vor-Pref 0.03%
- Koninklijke Ahold Delhaize N 0.03%
- Procter & Gamble Co/The 0.03%
- Shell PLC 0.03%
- Exxon Mobil Corp 0.02%
- Meiji Holdings Co Ltd 0.02%
- Tosoh Corp 0.02%
- Air Water Inc 0.01%
- Asahi Group Holdings Ltd 0.01%
- Campbell Soup Co Sr Unsec Smr 0.01%
- Colgate-Palmolive Co 0.01%
- Kering SA 0.01%
- Pepsico Inc 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
We aim to achieve positive long-term returns by choosing a greater exposure to cash and fixed interest investments and a lesser exposure to equity and property investments. Investors can expect low to moderate levels of movement up and down in value and to receive longer-term returns that are lower than those of Summer Balanced Selection (but with less risk).
| Value | $11M NZD |
| Period of data report | 31st Dec. 2022 |
| Members | 291 |
| Fund started | 8th April 2019 |
| Total annual fund fees | 0.75% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.68% |
| Other management and administration charges | 0.07% |
| Total other charges | 36.0 |
| Total other charges currency | NZD |
Key Personnel
|
Paul Robertshawe |
Currently: Chief Investment Officer,
Octagon Asset Management Limited (1 years, 1 months) |
|
Craig Alexander |
Currently: Head of Fixed Interest and ESG,
Octagon Asset Management Limited (1 years, 1 months) |
|
Jason Lindsay |
Currently: Head of Equities,
Octagon Asset Management Limited (1 years, 1 months) |
|
Neil Paviour-Smith |
Currently: Director,
Forsyth Barr Investment Management Limited (14 years, 10 months) |
|
Christine Smith-Han |
Currently: Equity and Strategy Analyst,
Octagon Asset Management Limited (1 years, 1 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 | 0.27% | |
| Animal Cruelty | 0.56% | |
| Fossil Fuels | 2.94% | |
| Gambling | 0.51% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 1.45% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.00% | |
| Weapons | 0.03% |
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% | -1.61% |
| 2021 | 8.73% | 10.31% |
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
-
ANZ Transactional Bank Account
New Zealand Cash and Equivalents AA-12.21% -
Intermede Global Equity Fund
Ireland International Equities4.06% -
US Treasury Bill 0.00% 02/03/2023
United States Int Fixed Interest A1+3.82% -
New Zealand Local Government Funding Agency Ltd 14/04/2033 3.50%
New Zealand NZ Fixed Interest AA+2.51% -
NZ Govt Inflation Ind Bond 20/09/25
New Zealand NZ Fixed Interest AA+2.4% -
Vector Ltd 14/03/2024 4.996%
New Zealand NZ Fixed Interest BBB2.05% -
Westpac New Zealand 1.439% 24/02/2026
New Zealand NZ Fixed Interest AA-1.91% -
New Zealand Local Government Funding Agency Ltd 15/04/2027 4.50%
New Zealand NZ Fixed Interest AA+1.89% -
Kiwi Property Group Limited 07/09/2023 4.00%
New Zealand NZ Fixed Interest BBB+1.67% -
ASB Bank Limited 07/09/2023 3.31%
New Zealand NZ Fixed Interest AA-1.67%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 18.0% | 12.6% |
| New Zealand Fixed Interest | 31.0% | 37.73% |
| International Fixed Interest | 21.0% | 22.9% |
| Australasian Equities | 15.0% | 12.88% |
| International Equities | 12.0% | 10.4% |
| Listed Properties | 3.0% | 3.49% |
| 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.