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Maritime KiwiSaver Conservative Portfolio

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Not Mindful
Type: Conservative fund
Past Returns: 2.06%

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

Annual Fees: 0.73%

Annual fees, including any membership and % management 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

Enbridge Inc 180222 Frn 0.06%
Energy Transfer Partners Lp 150325 4.05 Cb 0.06%
Petroleos Mexicanos 7.69% 0.19%
Petroleos Mexicanos 6.75% 0.03%
Exxon Mobil Corp 0.02%
Chevron Corp 0.01%
Nextera Energy Inc 0.01%
BHP Group Ltd 0.09%
Woodside Petroleum Ltd 0.02%
Apa Group 0.01%
South32 Ltd 0.01%
Agl Energy Ltd 0.01%

Weapons

General Dynamics Corporation 4.25% 0.01%
Northrop Grumman Corporation 5.25% 0.02%
The Boeing Company 3.95% 0.02%
Northrop Grumman Corporation 5.15% 0.02%
United Technologies 0.03%
Safran Sa 0.03%
Rolls Royce Holdings 0.02%

Gambling

Las Vegas Sands Corp 250625 2.90 Cb 0.08%
Sands China Ltd 080828 5.4 Cb 0.04%
Sands China Ltd 080825 5.125 Cb 0.01%
Sky City Entertainment Group 0.02%
Aristocrat Leisure Ltd 0.02%

Alcohol

Anheuser Busch Inbev Nv 070325 1.75 Cb 0.08%
Pernod Ricard Sa 150122 4.45 Cb 0.07%
Pernod Ricard Sa 070421 5.75 Cb 0.02%
Lvmh Moet Hennessy 0.11%
Diageo Plc 0.08%
Heineken Nv 0.06%
Pernod-Ricard Sa 0.06%
Anheuser-Busch 0.02%
Carlsberg As - B Shs 0.02%

GMOs

Syngenta Finance Ag 230421 3.933 Cb 0.08%
Bayer Ag 0.06%
Novartis Ag 0.02%

Human Rights & Environmental Violations

Nestle Sa 0.03%
Essity Aktiebolag-B 0.10%
Johnson & Johnson 0.03%
Chevron Corp 0.01%
BHP Group Ltd 0.09%
Rio Tinto Ltd 0.03%

Animal Testing

Syngenta Finance Ag 230421 3.933 Cb 0.080%
Danone Sa 021121 2.077 Cb 0.070%
Tesco Property Finance Plc 130440 5.744 Sf 0.060%
Bayer US Finance Ii Llc 151228 4.375 Cb 0.030%
Bayer US Finance Ii Llc 151225 4.25 Cb 0.030%
Reckitt Benckiser Treasury Services Plc 240622 Frn 0.030%
Bayer US Finance Ii Llc 250621 3.50 Cb 0.020%
Bayer US Finance Ii Llc250621 Frn 0.010%
The Coca-Cola Company 4.2% 0.030%
The Procter & Gamble Company 3.55% 0.020%
The Procter & Gamble Company 3.6% 0.010%
The Coca-Cola Company 4.12% 0.010%
Nestle Sa 0.030%
Lvmh Moet Hennessy 0.110%
Essity Aktiebolag-B 0.100%
Reckitt Benckiser 0.080%
Bayer Ag 0.060%
Koninklijke Dsm Nv 0.060%
Danone 0.060%
Johnson & Johnson 0.030%
Air Liquide 0.060%
Unilever Nv Ord 0.050%
Colgate Palmolive 0.050%
Akzo Nobel N.V 0.040%
Ppg Industries Inc 0.040%
Coca Cola Co 0.030%
Pepsico Inc 0.020%
Burberry Group Plc 0.010%
Procter & Gamble Co/The 0.030%
Coca-Cola Co/The 0.020%
Chevron Corp 0.010%
Lvmh Moet Hennessy Louis Vuitt 0.010%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2020 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 and research organisations.

A summary of this fund and its details.

Number FND248
Name Maritime KiwiSaver Conservative Portfolio
Risk profile Conservative fund
Description Invests about 80% in bonds and cash with about 20% in shares and other growth assets. Suited to shorter-term investors who want fairly consistent returns with less ups and downs than can be expected from the Balanced Portfolio.
Value $2.0M NZD
Members 61
Market index description The market index return is the strategic asset allocation weighted benchmark index return, where the benchmark indices are defined in the Statement of Investment Policy and Objectives. Additional information about the market index is available on the scheme register at: https://www.companiesoffice.govt.nz/disclose search for Maritime KiwiSaver Scheme.
Disclosure Statement Period Tue March 31st 2020
Fund started Thu April 21st 2016
Three-year average return 2.06%
Market index past year return 2.70%
Past year return net charges and tax -0.65%
Past year return net of charges gross of tax -0.02%
Market index return since fund started 6.40%
Return since fund started net 5.90%
Total annual fund fees 0.73%
Total performance based fees 0.0%
Manager's basic fee 0.28%
Administration charges 0.45%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

  • David Young

    Currently: Chairman (4 years, 1 months)
    Previously: Chairman, WISF (30 years, 0 months)

  • Joe Fleetwood

    Currently: Deputy Chairman (4 years, 1 months)
    Previously: Deputy Chairman, WISF (5 years, 0 months)

  • Simon Brodie

    Currently: Licensed Independent Trustee (4 years, 1 months)
    Previously: Independent Trustee (2 years, 6 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2020 .

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
2020 1.07% -0.7%
2019 4.40% 2.89%
2018 3.80% 4.0%
2017 4.16% 4.5%
2016 3.52% 9.7%
2015 8.10% 3.2%
2014 3.88% 8.5%
2013 6.92% 6.2%
2012 3.16% 6.2%
2011 5.06% 15.2%

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 31 March 2020 .

Showing the top 10 investments for this fund:

  • Hunter Global Fixed Interest Fund
    New Zealand International Fixed Interest
    32.11%
  • AMP Capital NZ Fixed Interest Fund
    New Zealand New Zealand Fixed Interest
    21.15%
  • Bw Global Opportunistic Fixed Interest Fund
    Ireland International Fixed Interest
    14.92%
  • AMP Capital NZ Cash Fund
    New Zealand Cash and Cash Equivalents
    10.77%
  • ANZ W/S International Share Fund
    New Zealand International Equities
    8.21%
  • Nikko Multi-Strategy Fund
    New Zealand Other
    4.66%
  • AMP Global Index Share Fund
    New Zealand International Equities
    4.17%
  • Salt NZ Dividend Appreciation Fund
    New Zealand Australasian Equities
    2.59%
  • AMP Australian Shares Fund
    New Zealand Australasian Equities
    1.42%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 31 March 2020 .

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 15.0% 10.77%
New Zealand Fixed Interest 20.0% 21.15%
International Fixed Interest 45.0% 47.03%
Australasian Equities 5.0% 4.01%
International Equities 15.0% 12.38%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 4.66%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2020 .

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a 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:
    0.58%
  • Animal Testing:
    1.73%
  • Fossil Fuels:
    0.78%
  • Gambling:
    0.19%
  • GMOs:
    0.18%
  • Human Rights & Environmental Violations:
    0.59%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.22%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2020 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 and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

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.

In their own words: "Invests about 80% in bonds and cash with about 20% in shares and other growth assets. Suited to shorter-term investors who want fairly consistent returns with less ups and downs than can be expected from the Balanced Portfolio."

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.