Summer Conservative Selection

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Not Mindful
Type: Conservative fund
Past Returns: No 3 year data yet

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

Annual Fees: 0.75%

Annual fees, including any membership and % management 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 Limited 0.53%
Viva Energy Group Limited 0.15%
South32 Limited 0.13%
Woodside Petroleum Limited 0.11%
Petrobras Global Finance Sr Unsec Regs 0.03%
Enbridge Inc Sr Unsec 0.03%
Santos Limited 0.03%
Nextera Energy Capital Sr Unsec 0.02%
Diamondback Energy Inc Sr Unsec 0.02%
Dominion Energy Gas Hldg Sr Unsec 0.02%
Petrobras Global Finance Sr Unsec 0.01%
Energy Transfer Operatng Sr Unsec 0.01%
Eqt Corp Sr Unsec 0.01%

Gambling

Sky City Entertainment Group Ltd 28/09/2022 4.65% 0.46%
Skycity Entertainment Group Limited 0.12%
Aristocrat Leisure Limited 0.06%
Las Vegas Sands Corp Sr Unsec 0.02%
Sands China Ltd Sr Unsec 0.02%

Alcohol

Lvmh Moet Hennessy- Louis Vuitton 0.41%
Delegat Group Limited 0.15%
Treasury Wine Estates Limited 0.12%
Bacardi Ltd Nt 144A 0.01%

GMOs

Bayer Ag 0.23%
Syngenta Finance Nv Sr Unsec 144A 0.02%

Human Rights & Environmental Violations

BHP Group Limited 0.53%
Rio Tinto Limited 0.23%

Animal Testing

Lvmh Moet Hennessy- Louis Vuitton 0.410%
Bayer Ag 0.230%
Reckitt Benckiser Tsy Sr Unsec 144A 0.050%
Tesco Prop Fin 6 Plc 0.050%
Syngenta Finance Nv Sr Unsec 144A 0.020%
Bayer US Finance Ii Llc Sr Unsec 144A 0.020%
Danone Sa Sr Unsec 144A 0.020%
General Mills Inc Sr Unsec 0.010%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue June 30th 2020 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.

A summary of this fund and its details.

Number FND13670
Name Summer Conservative Selection
Risk profile Conservative fund
Description 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.
Value $8.5M NZD
Members 282
Market index description Composite index, made up of the indices used to measure the performance of each asset class invested in
Period of data report Tue June 30th 2020
Fund started Mon April 8th 2019
Three-year average return No 3 year data yet
Market index past year return 3.83%
Past year return net of charges and tax 3.31%
Past year return net of charges gross of tax 4.56%
Market index return since fund started 5.45%
Return since fund started net %
Total annual fund fees 0.75%
Total performance based fees 0.0%
Manager's basic fee 0.66%
Administration charges 0.09%
Total other charges 36.0
Total other charges currency NZD

Key Personnel

  • Craig Alexander

    Currently: Co-Head of Funds Management,Forsyth Barr Limited (7 years, 0 months)
    Previously: Head of Fixed Interest,Tower Investments (5 years, 2 months)

  • Craig Alexander

    Currently: Co-Head of Funds Management,Forsyth Barr Limited (7 years, 0 months)
    Previously: Head of Fixed Interest,Tower Investments (5 years, 2 months)

  • Craig Alexander

    Currently: Co-Head of Funds Management,Forsyth Barr Limited (7 years, 0 months)
    Previously: Head of Fixed Interest,Tower Investments (5 years, 2 months)

  • Craig Alexander

    Currently: Co-Head of Funds Management,Forsyth Barr Limited (7 years, 0 months)
    Previously: Head of Fixed Interest,Tower Investments (5 years, 2 months)

  • Craig Alexander

    Currently: Co-Head of Funds Management,Forsyth Barr Limited (7 years, 0 months)
    Previously: Head of Fixed Interest,Tower Investments (5 years, 2 months)

  • Craig Alexander

    Currently: Co-Head of Funds Management at Forsyth Barr Limited (7 years, 0 months)
    Previously: Head of Fixed Interest at Tower Investments (5 years, 2 months)

  • Craig Alexander

    Currently: Co-Head of Funds Management,Forsyth Barr Limited (7 years, 0 months)
    Previously: Head of Fixed Interest,Tower Investments (5 years, 2 months)

  • Craig Alexander

    Currently: Co-Head of Funds Management,Forsyth Barr Limited (7 years, 0 months)
    Previously: Head of Fixed Interest at Tower Investments (5 years, 2 months)

  • Craig Alexander

    Currently: Co-Head of Funds Management at Forsyth Barr Limited (7 years, 0 months)
    Previously: Head of Fixed Interest at Tower Investments (5 years, 2 months)

  • Craig Alexander

    Currently: Co-Head of Funds Management,Forsyth Barr Limited (7 years, 0 months)
    Previously: Head of Fixed Interest,Tower Investments (5 years, 2 months)

  • Jason Lindsay

    Currently: Co-Head of Funds Management,Forsyth Barr Limited (0 years, 9 months)
    Previously: Portfolio Manager Australasian Listed Infrastructure, ACC (6 years, 2 months)

  • Jason Lindsay

    Currently: Co-Head of Funds Management,Forsyth Barr Limited (0 years, 9 months)
    Previously: Portfolio Manager Australasian Listed Infrastructure, ACC (6 years, 2 months)

  • Jason Lindsay

    Currently: Co-Head of Funds Management,Forsyth Barr Limited (0 years, 9 months)
    Previously: Portfolio Manager Australasian Listed Infrastructure, ACC (6 years, 2 months)

  • Jason Lindsay

    Currently: Co-Head of Funds Management,Forsyth Barr Limited (0 years, 9 months)
    Previously: Portfolio Manager Australasian Listed Infrastructure, ACC (6 years, 2 months)

  • Jason Lindsay

    Currently: Co-Head of Funds Management,Forsyth Barr Limited (0 years, 9 months)
    Previously: Portfolio Manager Australasian Listed Infrastructure, ACC (6 years, 2 months)

  • Jason Lindsay

    Currently: Co-Head of Funds Management,Forsyth Barr Limited (0 years, 9 months)
    Previously: Portfolio Manager Australasian Listed Infrastructure, ACC (6 years, 2 months)

  • Jason Lindsay

    Currently: Co-Head of Funds Management,Forsyth Barr Limited (0 years, 9 months)
    Previously: Portfolio Manager Australasian Listed Infrastructure, ACC (6 years, 2 months)

  • Jason Lindsay

    Currently: Co-Head of Funds Management,Forsyth Barr Limited (0 years, 9 months)
    Previously: Portfolio Manager Australasian Listed Infrastructure, ACC (6 years, 2 months)

  • Jason Lindsay

    Currently: Co-Head of Funds Management,Forsyth Barr Limited (0 years, 9 months)
    Previously: Portfolio Manager Australasian Listed Infrastructure, ACC (6 years, 2 months)

  • Jason Lindsay

    Currently: Co-Head of Funds Management,Forsyth Barr Limited (0 years, 9 months)
    Previously: Portfolio Manager Australasian Listed Infrastructure, ACC (6 years, 2 months)

  • Kevin Stirrat

    Currently: Director/Strategy, Wealth Management Research,Forsyth Barr Limited (0 years, 11 months)
    Previously: Head of Investment Strategy, Forsyth Barr Limited (13 years, 11 months)

  • Kevin Stirrat

    Currently: Director/Strategy, Wealth Management Research,Forsyth Barr Limited (0 years, 11 months)
    Previously: Head of Investment Strategy, Forsyth Barr Limited (13 years, 11 months)

  • Kevin Stirrat

    Currently: Director/Strategy, Wealth Management Research,Forsyth Barr Limited (0 years, 11 months)
    Previously: Head of Investment Strategy, Forsyth Barr Limited (13 years, 11 months)

  • Kevin Stirrat

    Currently: Director/Strategy, Wealth Management Research,Forsyth Barr Limited (0 years, 11 months)
    Previously: Head of Investment Strategy, Forsyth Barr Limited (13 years, 11 months)

  • Kevin Stirrat

    Currently: Director/Strategy, Wealth Management Research,Forsyth Barr Limited (0 years, 11 months)
    Previously: Head of Investment Strategy, Forsyth Barr Limited (13 years, 11 months)

  • Kevin Stirrat

    Currently: Director/Strategy, Wealth Management Research,Forsyth Barr Limited (0 years, 11 months)
    Previously: Head of Investment Strategy, Forsyth Barr Limited (13 years, 11 months)

  • Kevin Stirrat

    Currently: Director/Strategy, Wealth Management Research,Forsyth Barr Limited (0 years, 11 months)
    Previously: Head of Investment Strategy, Forsyth Barr Limited (13 years, 11 months)

  • Kevin Stirrat

    Currently: Director/Strategy, Wealth Management Research,Forsyth Barr Limited (0 years, 11 months)
    Previously: Head of Investment Strategy at Forsyth Barr Limited (13 years, 11 months)

  • Kevin Stirrat

    Currently: Director/Strategy, Wealth Management Research,Forsyth Barr Limited (0 years, 11 months)
    Previously: Head of Investment Strategy at Forsyth Barr Limited (13 years, 11 months)

  • Kevin Stirrat

    Currently: Director/Strategy, Wealth Management Research,Forsyth Barr Limited (0 years, 11 months)
    Previously: Head of Investment Strategy, Forsyth Barr Limited (13 years, 11 months)

  • Martin Hawes

    Currently: Chair, Summer Investment Committee (3 years, 10 months)
    Previously: Authorised Financial Adviser (current) (9 years, 0 months)

  • Martin Hawes

    Currently: Chair, Summer Investment Committee (3 years, 10 months)
    Previously: Authorised Financial Adviser (current) (9 years, 0 months)

  • Martin Hawes

    Currently: Chair, Summer Investment Committee (3 years, 10 months)
    Previously: Authorised Financial Adviser (current) (9 years, 0 months)

  • Neil Paviour-Smith

    Currently: Director (12 years, 4 months)
    Previously: Managing Director at Forsyth Barr Limited (current) (19 years, 6 months)

  • Neil Paviour-Smith

    Currently: Director (12 years, 4 months)
    Previously: Managing Director at Forsyth Barr Limited (current) (19 years, 6 months)

  • Neil Paviour-Smith

    Currently: Director (12 years, 4 months)
    Previously: Managing Director at Forsyth Barr Limited (current) (19 years, 6 months)

  • Neil Paviour-Smith

    Currently: Director (12 years, 4 months)
    Previously: Managing Director at Forsyth Barr Limited (current) (19 years, 6 months)

  • Neil Paviour-Smith

    Currently: Director (12 years, 4 months)
    Previously: Managing Director at Forsyth Barr Limited (current) (19 years, 6 months)

  • Neil Paviour-Smith

    Currently: Director (12 years, 4 months)
    Previously: Managing Director at Forsyth Barr Limited (current) (19 years, 6 months)

  • Neil Paviour-Smith

    Currently: Director (12 years, 4 months)
    Previously: Managing Director at Forsyth Barr Limited (current) (19 years, 6 months)

  • Neil Paviour-Smith

    Currently: Director (12 years, 4 months)
    Previously: Managing Director at Forsyth Barr Limited (current) (19 years, 6 months)

  • Neil Paviour-Smith

    Currently: Director (12 years, 4 months)
    Previously: Managing Director at Forsyth Barr Limited (current) (19 years, 6 months)

  • Neil Paviour-Smith

    Currently: Director (12 years, 4 months)
    Previously: Managing Director at Forsyth Barr Limited (current) (19 years, 6 months)

  • Rob Mercer

    Currently: Director/Equities, Wealth Management Research,Forsyth Barr Limited (0 years, 11 months)
    Previously: Head of Private Wealth Research, Forsyth Barr Limited (7 years, 2 months)

  • Rob Mercer

    Currently: Director/Equities, Wealth Management Research,Forsyth Barr Limited (0 years, 11 months)
    Previously: Head of Private Wealth Research, Forsyth Barr Limited (7 years, 2 months)

  • Rob Mercer

    Currently: Director/Equities, Wealth Management Research,Forsyth Barr Limited (0 years, 11 months)
    Previously: Head of Private Wealth Research, Forsyth Barr Limited (7 years, 2 months)

  • Rob Mercer

    Currently: Director/Equities, Wealth Management Research,Forsyth Barr Limited (0 years, 11 months)
    Previously: Head of Private Wealth Research, Forsyth Barr Limited (7 years, 2 months)

  • Rob Mercer

    Currently: Director/Equities, Wealth Management Research,Forsyth Barr Limited (0 years, 11 months)
    Previously: Head of Private Wealth Research, Forsyth Barr Limited (7 years, 2 months)

  • Rob Mercer

    Currently: Director/Equities, Wealth Management Research,Forsyth Barr Limited (0 years, 11 months)
    Previously: Head of Private Wealth Research, Forsyth Barr Limited (7 years, 2 months)

  • Rob Mercer

    Currently: Director/Equities, Wealth Management Research,Forsyth Barr Limited (0 years, 11 months)
    Previously: Head of Private Wealth Research, Forsyth Barr Limited (7 years, 2 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue June 30th 2020.

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

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • ANZ Transactional Bank Account
    New Zealand Cash and Equivalents AA-
    22.16%
  • New Zealand Local Government Funding Agency Ltd 14/04/2033 3.50%
    New Zealand NZ Fixed Interest AA+
    3.69%
  • New Zealand Local Government Funding Agency Ltd 15/04/2027 4.50%
    New Zealand NZ Fixed Interest AA+
    2.7%
  • New Zealand Local Government Funding Agency Ltd 15/04/2025 2.75%
    New Zealand NZ Fixed Interest AA+
    1.69%
  • Bank Of New Zealand Subordinated Note 17/12/2025 5.314%
    New Zealand NZ Fixed Interest BBB+
    1.66%
  • Housing New Zealand 2.97% 12/06/2023
    New Zealand NZ Fixed Interest AA+
    1.31%
  • Vector Ltd 14/03/2024 4.996%
    New Zealand NZ Fixed Interest BBB
    1.17%
  • Housing New Zealand 2.97% 12/06/2023
    New Zealand NZ Fixed Interest AA+
    1.11%
  • New Zealand Local Government Funding Agency Ltd 15/05/2021 6.00%
    New Zealand NZ Fixed Interest AA+
    1.08%
  • The A2 Milk Company Limited
    New Zealand Australasian Equities
    0.93%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 30 June 2020 .

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 23.0% 22.25%
New Zealand Fixed Interest 31.0% 41.47%
International Fixed Interest 16.0% 11.09%
Australasian Equities 13.0% 11.54%
International Equities 12.0% 8.87%
Listed Properties 5.0% 4.78%
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 30 June 2020 .

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
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.69%
  • Animal Testing:
    0.81%
  • Fossil Fuels:
    1.10%
  • Gambling:
    0.68%
  • GMOs:
    0.25%
  • Human Rights & Environmental Violations:
    0.76%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue June 30th 2020 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.

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."

Download the fund's disclosure statement and portfolio holdings.

Latest news

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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.