Funds

ANZ Conservative Balanced Fund

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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 0.27%
    • BHP Billiton Ltd 0.26%
    • Woodside Energy Group 0.14%
    • Santos Limited 0.10%
    • American Electric Power 0.09%
    • Duke Energy Corporation 0.08%
    • Dominion Energy Inc 0.07%
    • Entergy Corp 0.07%
    • Sempra 0.07%
    • Genesis Energy Ltd 0.06%
    • National Grid PLC 0.06%
    • Cheniere Energy Inc 0.05%
    • Enbridge Inc 0.05%
    • Koninklijke Vopak Nv 0.05%
    • Nisource Inc 0.05%
    • Edp-Energias De Portugal SA 0.04%
    • Williams Cos Inc 0.04%
    • Genesis Energy Ltd 14/03/28 4.17% 0.03%
    • Shell International Finance Bv Callable Notes 3.25% 11-May-25 Us822582Bd31 0.03%
    • Valero Energy Corp 0.03%
    • Ampol Ltd 0.02%
    • China Petroleum & Chemical 0.02%
    • Contact Energy 11/04/2028 5.82% Nzcend0070L8 0.02%
    • Dominion Energy Inc Callable Notes Fixed 2.25% 15-Aug-31 Us25746Udl08 0.02%
    • Eqt Ab Callable Bond Fixed 2.375% 06/Apr/2028 EUR Xs2463988795 0.02%
    • Hf Sinclair Corporation 0.02%
    • Itochu Corp 0.02%
    • Lyondellbasell Industries Class A 0.02%
    • Marathon Petroleum Corp 0.02%
    • Marathon Petroleum Corp Callable Notes Fixed 4.7% 01-May-25 Us56585Abh41 0.02%
    • Nextera Energy Capital Holdings Inc Callable Notes 2.94% 21-Mar-24 Us65339Kcd00 0.02%
    • Nextera Energy Capital Holdings Inc Callable Notes 4.625% 15-Jul-27 Us65339Kch14 0.02%
    • Nisource Inc Callable Notes Fixed 4.8% 15/Feb/2044 Us65473Qbc69 0.02%
    • Phillips 66 Co Callable Notes Fixed 3.75% 01-Mar-28 Us718547Ag74 0.02%
    • Shell International Fin S:Emtn C:Company Guarnt Bg0Tqz5 0.02%
    • Shell PLC 0.02%
    • Southern Co/The Callable Notes Fixed 3.25% 01-Jul-26 Us842587Cv72 0.02%
    • BP Capital Markets PLC Callable Notes Variable USD 22-Sep-71 22-Sep-71 Us05565Qdu94 0.01%
    • Ck Hutchinson Holdings Ltd 0.01%
    • Iberdrola Finanzas SA Medium Term Note Fixed 7.375% 29-Jan-24 Xs0410370919 0.01%
    • Marubeni Corp 0.01%
    • OMV AG Callable Bond Variable EUR 1000 09-Dec-70 09-Dec-70 Xs1294343337 0.01%
    • Phillips 66 0.01%
    • Repsol SA 0.01%
    • SA Global Sukuk Ltd Callable Notes Fixed 2.694% 17-Jun-31 Xs2352862119 0.01%
    • Shell International Finance Bv Callable Notes 6.375% 15-Dec-38 Us822582Ad40 0.01%
    • Sojitz Corporation 0.01%
    • Tenaga Nasional Berhad 0.01%
    • Totalenergies Se Callable Medium Term Note 04-Apr-71 04-Apr-71 Xs1974787480 0.01%
    • Totalenergies Se Callable Medium Term Note 06-Oct-70 06-Oct-70 Xs1501166869 0.01%
    • Totalenergies Se Callable Medium Term Note 26-Feb-71 26-Feb-71 Xs1195202822 0.01%
    • Vistra Corp 0.01%

  • Weapons

    • Walmart De Mexico Sab De 0.09%
    • Amphenol Corporation - Class A 0.07%
    • Dicks Sporting Goods Inc. 0.03%
    • Canadian Tire Corp - Class A 0.01%

  • Gambling

    • Flutter Entertainment PLC 0.10%
    • Sky City Entertainment Group 0.09%
    • Aristocrat Leisure Limited 0.07%
    • Sky City Ltd 0.05%
    • The Lottery Corp Ltd 0.04%

  • Alcohol

    • Heineken Nv 0.28%
    • Diageo PLC 0.24%
    • Pernod-Ricard SA 0.17%
    • Treasury Wine Estates Limited 0.07%
    • Carlsberg As - B Shs 0.06%
    • Molson Coors Beverage Co 0.02%
    • Anheuser-Busch Cos Llc / Anheuser-Busch Inbev 4.7% 01-Feb-36 Us03522Aah32 0.01%
    • Beijing Enterprises Limited 0.01%

  • Human Rights & Environmental Violations

    • Nestle SA 0.43%
    • Thermo Fisher Scientific Inc 0.34%
    • BHP Billiton Ltd 0.26%
    • Bayer AG 0.11%
    • Duke Energy Corporation 0.08%
    • Rio Tinto Limited 0.08%
    • Wells Fargo & Co Callable Medium Term Note 24-Mar-28 24-Mar-28 Us95000U2V48 0.07%
    • Credit Suisse Group AG Callable Notes Variable 02-Apr-32 02-Apr-32 Ch1174335740 0.04%
    • Credit Suisse Group AG Callable Notes Variable 01-Apr-31 01-Apr-31 Us225401Ap33 0.03%
    • Shell International Finance Bv Callable Notes 3.25% 11-May-25 Us822582Bd31 0.03%
    • Archer Daniels Midland Co 0.02%
    • Archer-Daniels-Midland Co Callable Notes Fixed 2.9% 01-Mar-32 Us039482Ad67 0.02%
    • Caterpillar Financial Services Corp Callable 0.8% 13-Nov-25 Us14913R2H93 0.02%
    • China Petroleum & Chemical 0.02%
    • Credit Suisse Group AG Callable Notes Variable 11-Aug-28 11-Aug-28 Us225401Av01 0.02%
    • Nestle Holdings Inc Callable Notes Fixed 4% 24-Sep-48 Us641062An41 0.02%
    • Shell International Fin S:Emtn C:Company Guarnt Bg0Tqz5 0.02%
    • Shell PLC 0.02%
    • Credit Suisse Group AG Callable Notes Variable 12-Aug-33 12-Aug-33 Us225401Az15 0.01%
    • Johnson & Johnson 0.01%
    • Johnson & Johnson Callable Notes Fixed 0.95% 01-Sep-27 Us478160Cp78 0.01%
    • Motorola Solutions Inc Callable Notes Fixed 2.3% 15-Nov-30 Us620076Bt59 0.01%
    • Nestle Finance International Ltd Callable Medium 0% 14-Jun-26 Xs2350621863 0.01%
    • Nestle Holdings Inc Callable Notes Fixed 1% 15-Sep-27 Us641062As38 0.01%
    • Shell International Finance Bv Callable Notes 6.375% 15-Dec-38 Us822582Ad40 0.01%
    • Wells Fargo & Co Callable Notes Variable 31-Oct-23 31-Oct-23 Us949746Sj14 0.01%

  • Animal Cruelty

    • Nestle SA 0.43%
    • LVMH Moet Hennessy Louis Vuitton SA 0.31%
    • Danone 0.16%
    • Coca Cola Co 0.15%
    • Air Liquide 0.14%
    • Koninklijke Dsm Nv 0.14%
    • PPG Industries Inc 0.12%
    • 3M Company 0.11%
    • Bayer AG 0.11%
    • Rentokil Initial PLC 0.08%
    • Akzo Nobel N.V 0.07%
    • Burberry Group PLC 0.07%
    • Colgate Palmolive Co 0.07%
    • Orica Ltd 0.05%
    • Hermes International 0.04%
    • Sherwin-Williams Co 0.04%
    • Koninklijke Ahold Delhaize Nv 0.03%
    • Shell International Finance Bv Callable Notes 3.25% 11-May-25 Us822582Bd31 0.03%
    • Archer Daniels Midland Co 0.02%
    • Archer-Daniels-Midland Co Callable Notes Fixed 2.9% 01-Mar-32 Us039482Ad67 0.02%
    • Celanese US Holdings Llc Callable Notes Fixed 6.05% 15-Mar-25 Us15089Qal86 0.02%
    • China Petroleum & Chemical 0.02%
    • Eastman Chemical Co 0.02%
    • Keurig Dr Pepper Inc Callable Notes Fixed 4.05% 15-Apr-32 Us49271Vaq32 0.02%
    • Keurig Dr Pepper Inc Callable Notes Fixed 4.5% 15-Apr-52 Us49271Var15 0.02%
    • Lyondellbasell Industries Class A 0.02%
    • Molson Coors Beverage Co 0.02%
    • Nestle Holdings Inc Callable Notes Fixed 4% 24-Sep-48 Us641062An41 0.02%
    • Pepsico Inc Callable Notes Fixed 1.625% 01-May-30 Us713448Ez78 0.02%
    • Procter & Gamble Co/The Callable Notes Fixed 1.9% 01-Feb-27 Us742718Fv65 0.02%
    • Shell International Fin S:Emtn C:Company Guarnt Bg0Tqz5 0.02%
    • Shell PLC 0.02%
    • The Kraft Heinz Company 0.02%
    • The Mosaic Company 0.02%
    • Tyson Foods Inc-Cl A 0.02%
    • Celanese Corporation Series A 0.01%
    • Coca-Cola Co/The Callable Notes Fixed 1.75% 06-Sep-24 Us191216Cl26 0.01%
    • Huntsman Corp 0.01%
    • International Flavors & Fragrances Inc Callable 2.3% 01-Nov-30 Us459506Aq49 0.01%
    • LVMH Moet Hennessy Louis Vuitton Se Callable 0% 11-Feb-26 Fr0013482825 0.01%
    • LVMH Moet Hennessy Louis Vuitton Se Callable Notes 0.125% 11-Feb-28 Fr0013482833 0.01%
    • Nestle Finance International Ltd Callable Medium 0% 14-Jun-26 Xs2350621863 0.01%
    • Nestle Holdings Inc Callable Notes Fixed 1% 15-Sep-27 Us641062As38 0.01%
    • Procter & Gamble Co/The Callable Notes Fixed 1.2% 29-Oct-30 Us742718Fm66 0.01%
    • Procter & Gamble Co/The Callable Notes Fixed 3% 25-Mar-30 Us742718Fh71 0.01%
    • Procter & Gamble Co/The Notes Fixed 4.875% 11-May-27 Xs0300113254 0.01%
    • Shell International Finance Bv Callable Notes 6.375% 15-Dec-38 Us822582Ad40 0.01%
    • Unilever Capital Corp Callable Notes Fixed 2.125% 06-Sep-29 Us904764Bh90 0.01%
    • Yara International Asa 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 30th Sept. 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 Balanced Fund invests mainly in income assets (cash and cash equivalents and fixed interest), with some exposure to growth assets (equities, listed property and listed infrastructure). The fund may also invest in alternative assets.
The Conservative Balanced Fund aims to achieve (after the fund charge and before tax) over the long-term a modest to moderate yearly return allowing for modest to moderate movements of value up and down including occasional negative yearly returns.

Value $1.5B NZD
Period of data report 31st Dec. 2022
Members 47,289
Fund started 1st Oct. 2007
Total annual fund fees 0.82%
Total performance based fees 0.0%
Manager's basic fee 0.78%
Other management and administration charges 0.04%
Total other charges 9.0
Total other charges currency NZD

Key Personnel

Paul Huxford

Currently: Chief Investment Officer, New Zealand (4 years, 6 months)
Previously: Acting Chief Investment Officer, ANZ Bank New Zealand Limited (0 years, 3 months)

Alan Clarke

Currently: Co-Head of Diversified Portfolio Management (3 years, 10 months)
Previously: Senior Mandate Research Manager, ANZ Bank New Zealand Limited (3 years, 7 months)

Maaike Van Tol

Currently: Co-Head of Diversified Portfolio Management (3 years, 10 months)
Previously: Senior Asset Allocation Manager, ANZ Bank New Zealand Limited (1 years, 8 months)

Mathew Young

Currently: Head of FX Strategy and Implementation (3 years, 10 months)
Previously: Head of Investment Implementation, ANZ Bank New Zealand Limited (2 years, 2 months)

Helen Skinner

Currently: Head of Responsible Investing (0 years, 7 months)
Previously: Head of Emerging Wealth, Craigs Investment Partners (1 years, 2 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 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 0.93%
Animal Cruelty 3.32%
Fossil Fuels 2.66%
Gambling 0.35%
GMOs 0.00%
Human Rights & Environmental Violations 1.91%
Palm Oil 0.00%
Tobacco 0.00%
Weapons 0.20%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30th Sept. 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% 0.87%
2021 8.73% 12.65%
2020 1.42% 0.17%
2019 4.58% 4.94%
2018 3.58% 4.12%
2017 4.10% 3.69%
2016 3.52% 3.58%
2015 8.10% 10.84%
2014 3.88% 5.36%
2013 6.92% 9.36%

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 Dec. 2022.

Top 10 Investments

  • United States Notes Fixed 0.875% - Repurchase Agreement
    United States Cash and Equivalents
    1.68%
  • Cash Deposit (J.P. Morgan USD)
    United States Cash and Equivalents A-1
    1.4%
  • New Zealand Government 15/05/2024 0.5%
    New Zealand NZ Fixed Interest AAA
    1.17%
  • United States Bond Fixed 4.75% - Repurchase Agreement
    United States Cash and Equivalents
    1.03%
  • United States Notes Fixed 0.125% - Repurchase Agreement
    United States Cash and Equivalents
    0.8%
  • ASB Registered Certificate Of Deposit 17/02/2023
    New Zealand Cash and Equivalents A-1+
    0.75%
  • New Zealand Government 15/4/2027 4.5%
    New Zealand NZ Fixed Interest AAA
    0.71%
  • New Zealand Government 15/04/2025 2.75%
    New Zealand NZ Fixed Interest AAA
    0.68%
  • New Zealand Government 20/04/2029 3%
    New Zealand NZ Fixed Interest AAA
    0.64%
  • ASB Registered Certificate Of Deposit 19/12/2023
    New Zealand Cash and Equivalents A-1+
    0.59%
Type Target Actual
Cash and Cash Equivalents 15.0% 15.13%
New Zealand Fixed Interest 12.5% 13.66%
International Fixed Interest 37.5% 36.97%
Australasian Equities 6.5% 6.82%
International Equities 22.5% 21.37%
Listed Properties 4.5% 4.51%
Unlisted Properties 0.0% 0.0%
Other 1.5% 1.54%
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 Dec. 2022.