Pathfinder KiwiSaver Conservative Fund

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Mindful Fund
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: 0.84%

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.


This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed Sept. 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, 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

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 Thu Dec. 31st 2020.

Showing the top 10 investments for this fund:

  • Cash At Bank - NZD - Interactive Brokers
    New Zealand Cash and Equivalents BBB+
    37.74%
  • Westpac Term Deposit 10/12/2020 08/06/2021
    New Zealand Cash and Equivalents AA-
    10.77%
  • Westpac Term Deposit 10/07/2020 06/01/2021
    New Zealand Cash and Equivalents AA-
    6.51%
  • ASB (Pwa) - Cash At Call
    New Zealand Cash and Equivalents AA-
    4.39%
  • ASB Term Deposit 23/11/2020 23/05/2021
    New Zealand Cash and Equivalents AA-
    4.35%
  • Westpac Term Deposit 18/08/2020 15/02/2021
    New Zealand Cash and Equivalents AA-
    4.33%
  • Bchina Term Deposit 10/08/2020 10/02/2021
    New Zealand Cash and Equivalents A
    4.33%
  • Wlb Asset Ii B
    United States Int Fixed Interest
    4.18%
  • Br Land Co Feb 22
    New Zealand NZ Fixed Interest
    2.55%
  • Sharesies Limited
    New Zealand Australasian Equities
    0.99%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Thu Dec. 31st 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 20.0% 70.56%
New Zealand Fixed Interest 30.0% 7.02%
International Fixed Interest 25.0% 4.18%
Australasian Equities 10.0% 6.98%
International Equities 8.0% 7.99%
Listed Properties 2.0% 3.27%
Unlisted Properties 0.0% 0.0%
Other 5.0% 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 Thu Dec. 31st 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:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • 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 Wed Sept. 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, Sustainalytics 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

"An ethical portfolio with a higher exposure to income assets and a lower exposure to growth assets. This Fund's value is unlikely to fluctuate as much as the Balanced Fund or Growth Fund."

Value $4.6M NZD
Period of data report Thu Dec. 31st 2020
Members 176
Fund started Tue July 23rd 2019
Total annual fund fees 0.84%
Total performance based fees 0.0%
Manager's basic fee 0.8%
Administration charges 0.04%
Total other charges 27.0
Total other charges currency NZD

Key Personnel

John Berry

Currently: CEO (11 years, 9 months)
Previously: Deutsche Bank - Consultant (4 years, 9 months)

Paul Brownsey

Currently: CIO (11 years, 9 months)
Previously: Deutsche Bank - Director (5 years, 0 months)

James Caughey

Currently: Portfolio Manager (3 years, 4 months)
Previously: Senior Research Analyst - NZAM (6 years, 0 months)

Nish Vyas

Currently: Private Wealth Advisor (0 years, 11 months)
Previously: Senior Private Banker - BNZ (4 years, 0 months)

Kent Fraser

Currently: Chair of Investment Committee (4 years, 3 months)
Previously: (None years, None months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Thu Dec. 31st 2020.

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.