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Fund type: Conservative fund

Past Returns: No three 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

Genesis Energy Ltd 4.17% 14/03/2028 0.44%
Contact Energy Ltd 0.42%
Genesis Energy Ltd 5.00% 3/04/2025 0.20%
Genesis Energy Ltd 0.16%
Iberdrola SA 0.12%
National Grid PLC 0.09%
BHP Group Ltd 0.08%
Channel Infrastructure NZ Ltd 0.07%
Channel Infrastructure NZ Ltd. 5.1% 01-Mar-2034 0.07%
Eni Spa 0.07%
Glencore PLC 0.07%
China Petroleum & Chemical Corp 0.06%
Valero Energy Corp 0.06%
Contact Energy Ltd 5.82% 11/04/2028 0.05%
Suncor Energy Inc 0.05%
Contact Energy Ltd 3.55% 15/08/2024 0.03%
South32 Ltd 0.03%
Arcelormittal SA 0.02%
Pg&E Corp 0.02%
Woodside Energy Group Ltd 0.02%

Weapons

Walmart Inc 0.03%

Gambling

Skycity Entertainment Group Ltd 0.06%
Aristocrat Leisure Ltd 0.01%
International Game Technology PLC 0.01%

Alcohol

Diageo PLC 0.13%
Kirin Holdings Co Ltd 0.05%
Metcash Ltd 0.04%

Human Rights & Environmental Violations

BHP Group Ltd 0.08%
Bayer AG 0.07%
Credit Suisse Group AG 4.55% 17/04/2026 0.07%
Glencore PLC 0.07%
Wells Fargo & Co 0.07%
China Petroleum & Chemical Corp 0.06%
Archer-Daniels-Midland Co 0.05%
Nestle SA 0.05%
Rio Tinto PLC 0.05%
Credit Suisse Group AG 4.207% 12/06/2024 0.04%
Credit Suisse Group AG 6.537% 12/08/2033 0.04%
Credit Suisse New York 3.70% 21/02/2025 0.04%
Chemours Co/The 0.03%
Credit Suisse Group AG 1.00% 24/06/2027 0.03%
Credit Suisse Group AG 6.375% #N/A Field Not Applicable 0.03%
Johnson & Johnson 0.03%
Meta Platforms Inc 0.03%
Wells Fargo & Company 3.526% 24/03/2028 0.03%
Nutrien Ltd 0.02%
Pg&E Corp 0.02%
Wells Fargo & Company 3.908% 25/04/2026 0.02%
Wells Fargo & Company 4.036% 31/10/2023 0.02%

Animal Testing

Colgate-Palmolive Co 0.13%
Koninklijke Dsm Nv 0.12%
Ecolab Inc 0.11%
L'Oreal SA 0.09%
Bayer AG 0.07%
Eni Spa 0.07%
China Petroleum & Chemical Corp 0.06%
Archer-Daniels-Midland Co 0.05%
LVMH Moet Hennessy Louis Vuitton Se 0.05%
Nestle SA 0.05%
Pepsico Inc 0.05%
Chemours Co/The 0.03%
Kimberly-Clark Corp 0.02%
Nutrien Ltd 0.02%
Tesco PLC 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 Fri Sept. 30th 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.

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% -1.12%

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 Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • ANZ NZD Current Account
    New Zealand Cash and Equivalents AA-
    8.73%
  • Wellington Global Stewards Fund
    Ireland International Equities
    4.91%
  • Fisher Funds NZ Fixed Income Fund
    New Zealand NZ Fixed Interest
    4.89%
  • Housing New Zealand Ltd 4.422% 15/10/2027
    New Zealand NZ Fixed Interest
    3.53%
  • Capital Group New Perspective Fund Lux
    Luxembourg International Equities
    3.06%
  • Milford Trans Tasman Bond Fund
    New Zealand NZ Fixed Interest
    2.59%
  • Cash At Bank
    New Zealand Cash and Equivalents
    1.97%
  • Intl Bk Recon & Develop 4.25% 29/07/2027
    United States NZ Fixed Interest AAA
    1.95%
  • Westpac New Zealand Ltd 3.696% 16/02/2027
    New Zealand NZ Fixed Interest AA-
    1.85%
  • ASB Bank Limited 1.646% 4/05/2026
    New Zealand NZ Fixed Interest AA-
    1.75%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Sept. 30th 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 5.0% 8.4972%
New Zealand Fixed Interest 45.0% 46.1427%
International Fixed Interest 20.0% 20.3498%
Australasian Equities 10.0% 8.7321%
International Equities 15.0% 13.5203%
Listed Properties 5.0% 2.7579%
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 Fri Sept. 30th 2022.

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:
    0.22%
  • Animal Testing:
    0.94%
  • Fossil Fuels:
    2.12%
  • Gambling:
    0.08%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.95%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.03%

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

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 $570k NZD
Period of data report Fri Sept. 30th 2022
Members 18
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 0.3%
Total other charges 36.0
Total other charges currency NZD

Key Personnel

Stuart Kenneth Reginald Millar

Currently: Chief Investment Officer - Smartshares (3 years, 4 months)
Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)

Andrew Kelleher

Currently: Director, JMI Wealth Limited, Clarity Funds Management Limited and Select Wealth (14 years, 5 months)
Previously: Acting Managing Principal, ASB Securities Limited and Investment Consultant, ASB (3 years, 5 months)

Simon Reichenbach

Currently: Senior Investment Executive, JMI Wealth Limited (3 years, 0 months)
Previously: Senior Research Analyst, Staples Rodway Asset Management (4 years, 11 months)

David Wilson

Currently: Senior Executive - JMI Wealth Limited (1 years, 6 months)
Previously: Chief Operating Officer - Investments, New Zealand Funds Management (2 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Sept. 30th 2022.

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.