ANZ Default Conservative Balanced Fund

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Fund type: Balanced fund

Past Returns: 5.93%

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

Annual Fees: 0.91%

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

Aker BP Asa Callable Notes Fixed 4% 15 Jan 2031 USD 1000 0.02%
Atlantia Spa 0.03%
Atmos Energy Crop 0.02%
BHP Billiton Ltd 0.21%
BP Capital Markets PLC Callable Notes Variable USD 1000 Perp 0.03%
Berkshire Hathaway Energy Co Callable Bond Fixed 6.125% 01 Apr 2036 USD 1000 0.02%
Berkshire Hathaway Energy Co Callable Notes Fixed 1.65% 15 May 2031 USD 1000 0.01%
Berkshire Hathaway Energy Co Callable Notes Fixed 3.7% 15 Jul 2030 USD 1000 0.01%
Berkshire Hathaway Energy Co Callable Notes Fixed 4.05% 15 Apr 2025 USD 1000 0.02%
Centrica PLC Medium Term Note Fixed 7% 19 Sep 2033 Gbp 1000 0.02%
Cheniere Energy Inc 0.05%
China Petroleum 0.01%
Cia Paranaense 0.01%
Ck Hutchinson Holdng 0.01%
Coca Cola Co 0.11%
Coca-Cola Co The Callable Notes Fixed 0.125% 09 Mar 2029 EUR 1000 0.01%
Coca-Cola Co The Callable Notes Fixed 0.375% 15 Mar 2033 EUR 1000 0.01%
Coca-Cola Co The Callable Notes Fixed 1.125% 09 Mar 2027 EUR 1000 0.02%
Coca-Cola Co The Callable Notes Fixed 1.625% 09 Mar 2035 EUR 1000 0.01%
Coca-Cola Co The Callable Notes Fixed 2.875% 05 May 2041 USD 1000 0.02%
Dominion Energy Inc 0.06%
Enbridge Inc 0.06%
Enbridge Inc Callable Notes Variable 27 Sep 2077 Cad 1000 0.01%
Eni Spa Callable Notes Variable EUR 1000 Perp 0.01%
Genesis Energy Ltd 0.08%
Itochu Corp 0.01%
Karoon Energy Ltd 0.02%
Koninklijke Vopak Nv 0.06%
Lukoil PJSC-Spon Adr 0.01%
Lyondellbasell Ind A 0.02%
Naturgy Finance Bv Callable Medium Term Note Fixed 0.75% 28 Nov 2029 EUR 100000 0.02%
OMV AG 0.01%
OMV AG Callable Bond Variable EUR 1000 Perp 0.01%
OMV AG Callable Notes Variable EUR 100000 Perp 0.01%
Oil Search Limited 0.10%
Oneok Partners Lp Callable Notes Fixed 6.125% 01 Feb 2041 USD 1000 0.01%
Public Service Enterprise Group Inc Callable Notes Fixed 2.875% 15 Jun 2024 USD 0.02%
Repsol SA 0.01%
Royal Dutch Shell 0.01%
Snam Spa Callable Medium Term Note Fixed 0% 07 Dec 2028 EUR 1000 0.01%
Snam Spa Medium Term Note Fixed 0.875% 25 Oct 2026 EUR 1000 0.02%
Valero Energy Corp 0.01%
Viva Energy Group 0.05%
Williams Cos Inc 0.05%
Woodside Petroleum Ltd 0.04%

Weapons

Amphenol Corp - Class A 0.06%
Amphenol Corp Callable Notes Fixed 2.8% 15 Feb 2030 USD 1000 0.02%

Gambling

Aristocrat Leisure 0.09%
Crown Resorts Ltd 0.03%
Flutter Entertainmnt 0.10%
Sky City Entertainment Group 0.08%
Tabcorp Holdings Ltd 0.02%

Alcohol

Anheuser-Busch Cos Llc Anheuser-Busch Inbev Worldwide Inc Callable Notes Fixed 0.01%
Carlsberg As - B Shs 0.05%
Diageo Finance PLC Callable Medium Term Note Fixed 2.5% 27 Mar 2032 EUR 1000 0.01%
Diageo PLC 0.23%
Heineken Nv 0.22%
LVMH Moet Hennessy 0.27%
LVMH Moet Hennessy Louis Vuitton Se Callable Medium Term Note Fixed 0% 11 Feb 2026 0.01%
LVMH Moet Hennessy Louis Vuitton Se Callable Medium Term Note Fixed 0.75% 07 Apr 2025 0.01%
LVMH Moet Hennessy Louis Vuitton Se Callable Medium Term Note Fixed 1.125% 11 Feb 2027 0.01%
LVMH Moet Hennessy Louis Vuitton Se Callable Notes Fixed 0.375% 11 Feb 2031 EUR 0.01%
Metcash Ltd 0.02%
Molson Coors Beverag 0.02%
Pernod-Ricard SA 0.15%
Treasury Wine Estate 0.04%

Human Rights & Environmental Violations

BHP Billiton Ltd 0.21%
Bayer AG 0.10%
China Petroleum 0.01%
Duke Energy Corp 0.09%
Johnson & Johnson Callable Notes Fixed 0.95% 01 Sep 2027 USD 1000 0.01%
Johnson & Johnson Callable Notes Fixed 3.625% 03 Mar 2037 USD 1000 0.01%
Johnson & Johnson Callable Notes Fixed 5.85% 15 Jul 2038 USD 1000 0.02%
Motorola Solutions Inc Callable Notes Fixed 2.3% 15 Nov 2030 USD 1000 0.02%
Nestle Finance International Ltd Callable Medium Term Note Fixed 0% 14 Jun 2026 0.01%
Nestle Finance International Ltd Callable Medium Term Note Fixed 1.5% 01 Apr 2030 0.02%
Nestle Holdings Inc Callable Notes Fixed 1% 15 Sep 2027 USD 1000 0.01%
Nestle SA 0.38%
Rio Tinto Finance Usa Ltd Callable Notes Fixed 3.75% 15 Jun 2025 USD 1000 0.01%
Rio Tinto Finance Usa PLC Callable Notes Fixed 4.125% 21 Aug 2042 USD 1000 0.01%
Royal Dutch Shell 0.01%

Animal Testing

Adeka Corp 0.01%
Air Liquide 0.13%
Akzo Nobel N.V 0.10%
Akzo Nobel Nv Callable Medium Term Note Fixed 1.625% 14 Apr 2030 EUR 1000 0.01%
Bayer AG 0.10%
Burberry Group PLC 0.06%
Celanese Corp 0.02%
Coca Cola Co 0.11%
Coca-Cola Co The Callable Notes Fixed 0.125% 09 Mar 2029 EUR 1000 0.01%
Coca-Cola Co The Callable Notes Fixed 0.375% 15 Mar 2033 EUR 1000 0.01%
Coca-Cola Co The Callable Notes Fixed 1.125% 09 Mar 2027 EUR 1000 0.02%
Coca-Cola Co The Callable Notes Fixed 1.625% 09 Mar 2035 EUR 1000 0.01%
Coca-Cola Co The Callable Notes Fixed 2.875% 05 May 2041 USD 1000 0.02%
Danone 0.17%
Eastman Chemical Co 0.02%
Ecolab Inc Callable Bond Fixed 1% 15 Jan 2024 EUR 1000 0.01%
Essity Aktiebolag-B 0.16%
Estee Lauder Cos Inc The Callable Notes Fixed 2.6% 15 Apr 2030 USD 1000 0.01%
General Mills Inc 0.02%
Glaxosmithkline Capital Inc Callable Bond Fixed 6.375% 15 May 2038 USD 1000 0.03%
Glaxosmithkline Capital PLC Callable Medium Term Note Fixed 1.25% 12 Oct 2028 Gbp 0.01%
Glaxosmithkline Capital PLC Medium Term Note Fixed 6.375% 09 Mar 2039 Gbp 1000 0.01%
Glaxosmithkline PLC 0.04%
Henkel AG & Co Kgaa Callable Notes Fixed 1.25% 30 Sep 2026 Gbp 100000 0.01%
Hermes International 0.03%
Hp Inc 0.02%
Hp Inc Callable Notes Fixed 2.2% 17 Jun 2025 USD 1000 0.01%
Hp Inc Callable Notes Fixed 3.4% 17 Jun 2030 USD 1000 0.01%
Hp Inc Callable Notes Fixed 6% 15 Sep 2041 USD 1000 0.01%
Huntsman Corp 0.01%
International Flavors & Fragrances 0.05%
International Flavors & Fragrances Inc Callable Notes Fixed 2.3% 01 Nov 2030 USD 0.02%
Johnson & Johnson Callable Notes Fixed 0.95% 01 Sep 2027 USD 1000 0.01%
Johnson & Johnson Callable Notes Fixed 3.625% 03 Mar 2037 USD 1000 0.01%
Johnson & Johnson Callable Notes Fixed 5.85% 15 Jul 2038 USD 1000 0.02%
Kimberly-Clark Corp Callable Notes Fixed 1.05% 15 Sep 2027 USD 1000 0.02%
Kimberly-Clark Corp Callable Notes Fixed 3.1% 26 Mar 2030 USD 1000 0.01%
Koninklijke Dsm Nv 0.16%
Kraft Heinz Co 0.02%
LVMH Moet Hennessy 0.27%
LVMH Moet Hennessy Louis Vuitton Se Callable Medium Term Note Fixed 0% 11 Feb 2026 0.01%
LVMH Moet Hennessy Louis Vuitton Se Callable Medium Term Note Fixed 0.75% 07 Apr 2025 0.01%
LVMH Moet Hennessy Louis Vuitton Se Callable Medium Term Note Fixed 1.125% 11 Feb 2027 0.01%
LVMH Moet Hennessy Louis Vuitton Se Callable Notes Fixed 0.375% 11 Feb 2031 EUR 0.01%
Linde Inc Ct Callable Notes Fixed 2.65% 05 Feb 2025 USD 1000 0.01%
Linde PLC 0.18%
Linde PLC US 0.05%
Lyondellbasell Ind A 0.02%
Mondelez International Inc Callable Notes Fixed 4.125% 07 May 2028 USD 1000 0.01%
Nestle Finance International Ltd Callable Medium Term Note Fixed 0% 14 Jun 2026 0.01%
Nestle Finance International Ltd Callable Medium Term Note Fixed 1.5% 01 Apr 2030 0.02%
Nestle Holdings Inc Callable Notes Fixed 1% 15 Sep 2027 USD 1000 0.01%
Nestle SA 0.38%
Nufarm Limited 0.03%
PPG Industries Inc 0.10%
PPG Industries Inc Callable Notes Fixed 1.2% 15 Mar 2026 USD 1000 0.02%
Pepsico Inc Callable Medium Term Note Fixed 0.5% 06 May 2028 EUR 1000 0.01%
Pepsico Inc Callable Notes Fixed 0.4% 07 Oct 2023 USD 1000 0.02%
Pepsico Inc Callable Notes Fixed 4.45% 14 Apr 2046 USD 1000 0.03%
Procter & Gamble Co The Callable Notes Fixed 0.5% 25 Oct 2024 EUR 1000 0.01%
Procter & Gamble Co The Callable Notes Fixed 1.2% 29 Oct 2030 USD 1000 0.01%
Procter & Gamble Co The Callable Notes Fixed 2.8% 25 Mar 2027 USD 1000 0.02%
Procter & Gamble Co The Callable Notes Fixed 3% 25 Mar 2030 USD 1000 0.01%
Procter & Gamble Co The Notes Fixed 4.875% 11 May 2027 EUR 1000 0.01%
Reckitt Benckiser 0.13%
Reckitt Benckiser Treasury Services PLC Callable Notes Fixed 1.75% 19 May 2032 G 0.01%
Royal Dutch Shell 0.01%
Sherwin-Williams Co 0.03%
Solvay SA 0.01%
Unilever Capital Corp Callable Notes Fixed 2.125% 06 Sep 2029 USD 1000 0.01%
Unilever Finance Netherlands Bv Bond Fixed 1.375% 04 Sep 2030 EUR 1000 0.01%
Unilever PLC 0.01%
Yara International 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 Thu Sept. 30th 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 16.60% 12.64%
2020 -1.09% 0.17%
2019 5.56% 4.97%
2018 5.28% 4.14%
2017 5.86% 3.66%
2016 4.01% 3.54%
2015 11.09% 11.01%
2014 7.28% 5.16%
2013 10.75% 8.18%
2012 1.75% 3.65%

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 Dec. 31st 2021.

Showing the top 10 investments for this fund:

  • Cash Deposit (J.P. Morgan USD)
    United States Cash and Equivalents A-1
    1.21%
  • ASB Registered Certificate Of Deposit 01/04/2022
    New Zealand Cash and Equivalents A-1+
    0.76%
  • NZ Govt Stock 15/04/2025 2.75%
    New Zealand NZ Fixed Interest AAA
    0.66%
  • Fisher and Paykel Healthcare
    New Zealand Australasian Equities
    0.6%
  • NZ Govt Stock 15/05/2024 0.5%
    New Zealand NZ Fixed Interest AAA
    0.6%
  • Visa Inc
    United States International Equities
    0.59%
  • ASB Registered Certificate Of Deposit 28/03/2022
    New Zealand Cash and Equivalents A-1+
    0.58%
  • ASB Registered Certificate Of Deposit 08/02/2022
    New Zealand Cash and Equivalents A-1+
    0.57%
  • NZ Govt Stock 20/04/2029 3%
    New Zealand NZ Fixed Interest AAA
    0.55%
  • NZ Govt Stock 15/04/2027 4.5%
    New Zealand NZ Fixed Interest AAA
    0.53%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 15.0% 21.73%
New Zealand Fixed Interest 12.5% 11.69%
International Fixed Interest 37.5% 27.68%
Australasian Equities 6.5% 6.45%
International Equities 22.5% 25.32%
Listed Properties 4.5% 5.31%
Unlisted Properties 0.0% 0.0%
Other 1.5% 1.82%
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 Dec. 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:
    0.00%
  • Alcohol:
    1.11%
  • Animal Testing:
    3.30%
  • Fossil Fuels:
    1.60%
  • Gambling:
    0.33%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    1.01%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.08%

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

"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. This fund is closed to new investors."

Value $110M NZD
Period of data report Fri Dec. 31st 2021
Members 2,440
Fund started Mon Oct. 1st 2007
Total annual fund fees 0.91%
Total performance based fees 0.0%
Manager's basic fee 0.85%
Other management and administration charges 0.06%
Total other charges 18.0
Total other charges currency NZD

Key Personnel

Paul Huxford

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

Iain Cox

Currently: Head of Australasian Fixed Interest and Cash (7 years, 10 months)
Previously: Senior Fixed Interest Analyst ANZ Bank New Zealand Limited (2 years, 10 months)

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

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.