Funds

Supereasy Conservative Fund

Find a Mindful Ethical fund »

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

    • Contact Energy Limited 0.23%
    • Channel Infrastructure NZ Limited 0.10%
    • Genesis Energy Limited 0.08%
    • Genesis Energy Limited 4.17% 14-Mar-2028 0.07%
    • Neste Corporation 0.06%
    • Enel Spa 0.04%
    • Northland Power Inc. 0.04%
    • Oneok, Inc. 0.04%
    • Dominion Energy, Inc. 2.25% 15-Aug-2031 0.01%
    • Totalenergies Se 2.625% Perp 0.01%

  • Gambling

    • Sky City Entertainment Group 0.11%

  • Alcohol

    • Diageo PLC 0.04%

  • Human Rights & Environmental Violations

    • Nestle S.A. 0.13%
    • Johnson & Johnson 0.06%
    • Meta Platforms Inc. Class A 0.06%
    • Nestle Holdings, Inc. 4.0% 24-Sep-2048 0.01%

  • Animal Cruelty

    • Nestle S.A. 0.13%
    • Coca-Cola Company 0.09%
    • Procter & Gamble Company 0.09%
    • Dow, Inc. 0.05%
    • 3M Company 0.04%
    • Akzo Nobel N.V. 0.04%
    • Colgate-Palmolive Company 0.04%
    • Daikin Industries, Ltd. 0.04%
    • L'Oreal S.A. 0.04%
    • Unilever PLC 0.04%
    • Ecolab Inc. 0.02%
    • Novozymes A/S Class B 0.02%
    • Kimberly-Clark Corporation 0.01%
    • Nestle Holdings, Inc. 4.0% 24-Sep-2048 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 31st March 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

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 $11M NZD
Period of data report 31st March 2022
Members 279
Fund started 1st April 2008
Total annual fund fees 0.42%
Total performance based fees 0.0%
Manager's basic fee 0.4%
Other management and administration charges 0.02%
Total other charges 54.0
Total other charges currency NZD

Key Personnel

Basil Morrison

Currently: LGST Chairman (10 years, 10 months)
Previously: Investment Accountant (Civic Financial Services) (6 years, 5 months)

Graeme Mitchell

Currently: Licensed Independent Trustee (9 years, 7 months)
Previously: (None years, None months)

Charlie Howe

Currently: Chief Executive Officer (Civic Financial Services) (0 years, 7 months)
Previously: (None years, None months)

Glenn Watkin

Currently: Chief Financial Officer (Civic Financial Services) (3 years, 2 months)
Previously: (None years, None months)

Ivy Liang

Currently: Fund Accountant (Civic Financial Services) (0 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 31st March 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 0.10%
Animal Cruelty 1.32%
Fossil Fuels 1.19%
Gambling 0.11%
GMOs 0.00%
Human Rights & Environmental Violations 0.43%
Palm Oil 0.00%
Tobacco 0.00%
Weapons 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 31st March 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% -1.26%
2021 8.73% 6.74%
2020 1.42% 0.68%
2019 4.58% 4.73%
2018 3.58% 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%

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 March 2022.

Top 10 Investments

  • ANZ Wholesale Cash Fund
    New Zealand Cash and Equivalents
    30.97%
  • ANZ High Grade Bond Fund
    New Zealand NZ Fixed Interest
    17.48%
  • ANZ Sovereign Bond Fund
    New Zealand NZ Fixed Interest
    17.44%
  • ANZ Wholesale International Sovereign Fund
    New Zealand Int Fixed Interest
    7.43%
  • ANZ Wholesale International Credit Fund
    New Zealand Int Fixed Interest
    7.22%
  • ANZ Wholesale International Share Fund No. 5
    New Zealand International Equities
    5.2%
  • ANZ Wholesale Hedged International Share Fund No. 5
    New Zealand International Equities
    4.8%
  • Harbour NZ Shares Index Fund
    New Zealand Australasian Equities
    4.73%
  • Harbour Real Estate Investment Fund
    New Zealand Listed Property
    4.73%
Type Target Actual
Cash and Cash Equivalents 30.0% 30.97%
New Zealand Fixed Interest 35.0% 34.92%
International Fixed Interest 15.0% 14.65%
Australasian Equities 5.0% 4.73%
International Equities 10.0% 10.0%
Listed Properties 5.0% 4.73%
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 March 2022.