Supereasy Conservative Fund

Not Mindful

Type: Conservative fund

Past Returns: 4.05%

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

Annual Fees: 0.47%

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

Abu Dhabi National Energy Co PJSC - 22/06/2026 0.01%
Anglo American PLC 0.02%
BHP Group Ltd 0.06%
BHP Group PLC 0.02%
BP Capital Markets America Inc - 19/09/2022 0.01%
Berkshire Hathaway Energy Co - 15/11/2043 0.01%
Canadian Natural Resources Ltd 0.01%
Canadian Natural Resources Ltd - 01/12/2026 0.01%
Chevron Corp 0.10%
Cnac Hk Finbridge Co Ltd - 14/03/2023 0.01%
Cnooc Finance 2014 Ulc - 30/04/2024 0.01%
Coca-Cola Co/The 0.10%
Conocophillips 0.04%
Dominion Energy Inc 0.02%
Dominion Energy Inc - 01/04/2030 0.01%
Enbridge Inc 0.03%
Eni Spa - 17/01/2027 0.01%
Eog Resources Inc 0.01%
Equinor Asa - 10/09/2025 0.01%
Exxon Mobil Corp 0.12%
Exxon Mobil Corp - 26/06/2032 0.01%
Genesis Energy Ltd 0.13%
Glencore Funding Llc - 27/10/2022 0.01%
Glencore PLC 0.01%
Itochu Corp 0.02%
Kazmunaygas National Co Jsc - 24/04/2030 0.01%
Kinder Morgan Energy Partners Lp - 01/03/2043 0.01%
Kinder Morgan Inc 0.01%
Korea Gas Corp - 20/07/2027 0.01%
Marathon Petroleum Corp 0.01%
Mitsubishi Corp 0.01%
Mitsui & Co Ltd 0.01%
OMV AG - 19/06/2169 0.01%
Pertamina Persero Pt - 30/07/2029 0.01%
Perusahaan Perseroan Persero Pt Perusahaan Listrik Negara - 15/05/2027 0.01%
Phillips 66 0.01%
Pioneer Natural Resources Co 0.01%
Public Service Enterprise Group Inc 0.01%
Royal Dutch Shell PLC-A Shs-Lon 0.04%
Royal Dutch Shell PLC-B Shs 0.03%
Saudi Arabian Oil Co - 16/04/2039 0.01%
Sinopec Group Overseas Development 2017 Ltd - 13/09/2047 0.01%
Suncor Energy Inc 0.01%
Tc Energy Corp 0.02%
Total Capital International SA - 19/11/2021 0.01%
Total Se 0.06%
Williams Cos Inc/The 0.01%

Weapons

Amphenol Corp 0.01%
Transdigm Group Inc 0.01%

Tobacco

Seven & I Holdings Co Ltd 0.01%

Gambling

Flutter Entertainment PLC 0.01%
Skycity Entertainment Group Ltd 0.20%

Adult Entertainment/Pornography

Alcohol

Anheuser-Busch Cos Llc / Anheuser-Busch Inbev Worldwide Inc - 01/02/2046 0.01%
Anheuser-Busch Inbev SA/Nv 0.02%
Constellation Brands Inc 0.01%
Diageo PLC 0.04%
Heineken Nv 0.01%
LVMH Moet Hennessy Louis Vuitton Se 0.09%
Pernod Ricard SA 0.01%

Palm Oil

GMOs

Human Rights & Environmental Violations

Archer-Daniels-Midland Co 0.01%
BHP Group Ltd 0.06%
BHP Group PLC 0.02%
Barrick Gold Corp-Tse 0.01%
Bayer AG 0.02%
Chevron Corp 0.10%
Duke Energy Corp 0.03%
Freeport-Mcmoran Inc 0.01%
Glencore Funding Llc - 27/10/2022 0.01%
Glencore PLC 0.01%
Johnson & Johnson 0.20%
Motorola Solutions Inc 0.01%
Nestle SA 0.16%
Rio Tinto Finance Usa Ltd - 15/06/2025 0.01%
Rio Tinto Ltd 0.01%
Rio Tinto PLC 0.04%
Royal Dutch Shell PLC-A Shs-Lon 0.04%
Royal Dutch Shell PLC-B Shs 0.03%
Sempra Energy 0.01%

Animal Testing

Air Liquide SA 0.030%
Archer-Daniels-Midland Co 0.010%
Argentum Netherlands Bv For Swiss Re Ltd - 15/08/2052 0.010%
Basf Se 0.030%
Bayer AG 0.020%
Bayer US Finance Ii Llc - 25/06/2038 0.010%
Chevron Corp 0.100%
Cnac Hk Finbridge Co Ltd - 14/03/2023 0.010%
Coca-Cola Co/The 0.100%
Corteva Inc 0.010%
Danone SA 0.010%
Dow Inc 0.020%
Dupont De Nemours Inc 0.010%
Ecolab Inc 0.020%
Estee Lauder Cos Inc/The 0.030%
General Mills Inc 0.010%
Givaudan SA 0.010%
Glaxosmithkline PLC 0.040%
Hermes International 0.010%
Hp Inc 0.010%
Johnson & Johnson 0.200%
Kao Corp 0.010%
Kimberly-Clark Corp 0.020%
Koninklijke Dsm Nv 0.010%
L'Oreal SA 0.040%
LVMH Moet Hennessy Louis Vuitton Se 0.090%
Linde PLC-Etr 0.020%
Linde PLC-Ny 0.050%
Mondelez International Inc 0.040%
Nestle SA 0.160%
PPG Industries Inc 0.010%
Pepsico Inc 0.090%
Pepsico Inc - 15/10/2027 0.010%
Procter & Gamble Co/The 0.160%
Reckitt Benckiser Group PLC 0.020%
Royal Dutch Shell PLC-A Shs-Lon 0.040%
Royal Dutch Shell PLC-B Shs 0.030%
Seven & I Holdings Co Ltd 0.010%
Sherwin-Williams Co/The 0.020%
Shin-Etsu Chemical Co Ltd 0.020%
Syngenta Finance Nv - 24/04/2023 0.010%
Unilever Finance Netherlands Bv - 12/02/2027 0.010%
Unilever PLC - EUR 0.040%
Unilever PLC - Gbp 0.020%

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 March 31st 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%	6.74%
2020	0.59%	0.68%
2019	4.26%	4.73%
2018	3.73%	3.15%
2017	4.10%	2.73%
2016	3.52%	3.42%
2015	8.10%	7.62%
2014	3.88%	2.66%
2013	6.92%	5.03%
2012	3.16%	2.28%

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 Wed March 31st 2021.

Showing the top 10 investments for this fund:

ANZ Wholesale Cash Fund
New Zealand Cash and Equivalents

30.33%
ANZ High Grade Bond Fund
New Zealand NZ Fixed Interest

17.3%
ANZ Sovereign Bond Fund
New Zealand NZ Fixed Interest

16.95%
AMP Hedged Global Fixed Interest Fund - Aif Pq
New Zealand Int Fixed Interest

14.78%
AMP Global Index Shares - Nwin
New Zealand International Equities

6.93%
AMP Australasian Property Fund - Aifp
New Zealand Listed Property

4.95%
AMP NZ Shares Index Fund - Aif Pe
New Zealand Australasian Equities

4.87%
AMP Hedged Global Index Shares - Aif Hpi
New Zealand International Equities

3.89%

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

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

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	30.0%	30.33%
New Zealand Fixed Interest	35.0%	34.25%
International Fixed Interest	15.0%	14.78%
Australasian Equities	5.0%	4.87%
International Equities	10.0%	10.82%
Listed Properties	5.0%	4.95%
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 Wed March 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:

0.01%
Alcohol:

0.34%
Animal Testing:

2.43%
Fossil Fuels:

1.86%
Gambling:

0.30%
GMOs:

0.02%
Human Rights & Environmental Violations:

0.95%
Palm Oil:

0.01%
Tobacco:

0.04%
Weapons:

0.08%

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 Conservative Fund target asset allocations are 20% in growth assets and 80% in income assets. Its objective is to reduce the likelihood of negative returns over the short term with higher proportions of investment in defensive assets such as cash and bonds while still providing an opportunity for positive real returns over the longer term by investing a smaller proportion of the Fund in growth assets such as equities and property."

Value	$12M NZD
Period of data report	Wed March 31st 2021
Members	290
Fund started	Fri Jan. 4th 2008
Total annual fund fees	0.47%
Total performance based fees	0.0%
Manager's basic fee	0.44%
Other management and administration charges	0.03%
Total other charges	54.0
Total other charges currency	NZD

Key Personnel

Basil Morrison	Currently: LGST Chairman (9 years, 10 months) Previously: (None years, None months)
Graeme Mitchell	Currently: Licensed Independent Trustee (8 years, 7 months) Previously: (None years, None months)
Ian Brown	Currently: Chief Executive Officer (Civic Financial Services) (4 years, 1 months) Previously: Superannuation Mgr (Civic Financial Services) (12 years, 3 months)
Glenn Watkin	Currently: Chief Financial Officer (Civic Financial Services) (2 years, 2 months) Previously: Investment Accountant (Civic Financial Services) (6 years, 5 months)
Chathuri Mendis	Currently: Investment Accountant (Civic Financial Services) (2 years, 2 months) Previously: Junior Accountant (Civic Financial Services) (1 years, 10 months)