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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: 1.1%

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

Ampol Ltd 0.02%
Apa Group Units 0.04%
BHP Group Ltd 0.48%
Coca-Cola Co. 0.02%
Diamondback Energy Inc 011224 2.875 Cb 0.03%
Enbridge Inc 180222 Frn 0.04%
Energy Transfer Partner Lp 150424 4.50 Cb 0.01%
Genesis Energy Ltd 0.11%
Genesis Energy Ltd 03/04/25 5.00% Cb 1.13%
Genesis Energy Ltd 08/03/23 5.81% Gb 0.63%
Genesis Energy Ltd 20/07/22 1.32% Gb 0.29%
Occidental Petroleum Corp 150822 Frn 0.02%
Oil Search Ltd 0.02%
Origin Energy Ltd 0.02%
Petrobras Global Finance Bv 150130 5.093 Cb 0.02%
Petrobras Global Finance Bv 170344 7.25 Cb 0.01%
Petroleos Mexicanos 210947 6.75 Gb 0.01%
Santos Ltd 0.04%
Saudi Arabian Oil Co 160422 2.75 Cb 0.02%
South32 Ltd 0.05%
Washington H Soul Pattinson & Comp 0.01%
Woodside Petroleum Ltd 0.07%

Tobacco

Gambling

Aristocrat Leisure Ltd 0.09%
Crown Resorts Ltd 0.02%
Las Vegas Sands Corp 250625 2.90 Cb 0.03%
Sands China Ltd 080828 5.4 Cb 0.02%
Skycity Entertainment Group Ltd 0.17%
Tabcorp Holdings Ltd 0.04%
The Star Entertainment Group Ltd 0.01%

Alcohol

Metcash Ltd 0.01%
Treasury Wine Estates Ltd 0.02%

Human Rights & Environmental Violations

BHP Group Ltd 0.48%
Nestle SA 0.03%
Rio Tinto Ltd 0.15%

Animal Testing

Bayer US Finance Ii Llc 151228 4.375 Cb 0.020%
Coca-Cola Co. 0.020%
Linde PLC 0.010%
Nestle SA 0.030%
Pepsico Inc. 0.020%
Procter & Gamble Co. 0.030%
Reckitt Benckiser Treasury Services PLC 240622 2.375 Cb 0.060%
Tesco Property Finance PLC 130744 Sf 0.060%

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

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 June 30th 2021.

Showing the top 10 investments for this fund:

  • ANZ NZD Current Account
    New Zealand Cash and Equivalents AA-
    5.0%
  • Milford Trans Tasman Bond Fund
    New Zealand Int Fixed Interest
    4.39%
  • Ishares Core S&P/Asx 200 ETF
    Australia Australasian Equities
    3.95%
  • Vanguard Ethically Conscious International Shares Index ETF
    Australia International Equities AA-
    3.32%
  • Vanguard Ethically Conscious International Shares Index Fund – NZD Hedged
    Australia International Equities
    3.28%
  • Capital Group New Perspective Fund Class Ch-NZD
    Australia International Equities
    2.85%
  • Capital Group New Perspective Fund Class C NZD
    Australia International Equities
    2.13%
  • ASB Bank Ltd 04/05/26 1.646%% Cb
    New Zealand NZ Fixed Interest
    1.76%
  • Swap Maturing 17/06/2026 (Nbnz40)
    Australia NZ Fixed Interest
    1.55%
  • Mcynz 2.16% 29/09/2026
    Australia NZ Fixed Interest
    1.46%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed June 30th 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 12.0% 6.17%
New Zealand Fixed Interest 53.0% 38.46%
International Fixed Interest 10.0% 23.57%
Australasian Equities 11.0% 9.93%
International Equities 9.0% 16.45%
Listed Properties 5.0% 5.42%
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 June 30th 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:
    0.00%
  • Alcohol:
    0.04%
  • Animal Testing:
    0.44%
  • Fossil Fuels:
    3.12%
  • Gambling:
    0.38%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.68%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.01%
  • 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 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.

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

"Aims to protect capital and provide a moderate return over the medium term (at least 3 years). The fund invests mostly in income assets with a modest allocation to growth assets"

Value $480k NZD
Period of data report Wed June 30th 2021
Members 11
Fund started Tue Nov. 24th 2020
Total annual fund fees 1.1%
Total performance based fees 0.0%
Manager's basic fee 0.8%
Other management and administration charges 0.0%
Total other charges 36.0
Total other charges currency NZD

Key Personnel

Stuart Kenneth Reginald Millar

Currently: Chief Investment Officer - Smartshares (2 years, 1 months)
Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)

Andrew Kelleher

Currently: Director (13 years, 2 months)
Previously: Acting Managing Principal ASB Securities Limited and Investment Consultant ASB Limited (3 years, 5 months)

Simon Reichenbach

Currently: Senior Investment Executive JMI Wealth Limited (1 years, 9 months)
Previously: Senior Research Aanalyst Staples Rodway Asset Management (4 years, 11 months)

David Wilson

Currently: Senior Investment Executive JMI Wealth Limited (0 years, 3 months)
Previously: Chief Operating Officer – Investments New Zealand Funds Management Limited (2 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed June 30th 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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