Maritime KiwiSaver Conservative Portfolio

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Fund type: Conservative fund

Past Returns: 4.20%

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

Annual Fees: 0.6%

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

Apa Group 0.02%
BHP Group Ltd 0.17%
Berkshire Hathaway 0.04%
Chevron Corp 0.02%
Coca Cola Co 0.06%
Coca-Cola Co/The 0.02%
Enbridge Inc 180222 Frn 0.05%
Energy Transfer Partners Lp 150325 4.05 Cb 0.06%
Exxon Mobil Corp 0.02%
Genesis Energy Ltd 0.02%
Glencore Funding Llc 120329 4.875 Cb 0.01%
Glencore Funding Llc 290424 4.625 Cb 0.02%
Glencore Funding Llc 300523 4.125 Cb 0.01%
Santos Ltd 0.02%
South32 Ltd 0.02%
Suncor Energy Inc 011224 3.6 Cb 0.01%
Total Se 0.01%
Wintershall Dea Finance Bv 250928 1.332 Cb 0.01%
Woodside Petroleum Ltd 0.03%

Weapons

Airbus Se 070428 2.00 Cb 0.01%
Airbus Se 070432 2.375 Cb 0.01%
Amphenol Corp - Class A 0.03%
Teledyne Technologies Inc 010424 0.95 Cb 0.02%

Tobacco

Gambling

Aristocrat Leisure Ltd 0.02%
Flutter Entertainmnt 0.05%
Las Vegas Sands Corp 250625 2.90 Cb 0.06%
Sands China Ltd 080825 5.125 Cb 0.02%
Sands China Ltd 080828 5.4 Cb 0.03%
Sky City Entertainment Group 0.10%
Tabcorp Holdings Ltd 0.01%

Alcohol

Anheuser Busch Inbev Worldwide Inc 150448 4.60 Cb 0.01%
Bacardi Ltd 150528 4.70 Cb 0.01%
Carlsberg As - B Shs 0.03%
Constellation Brands Inc 010530 2.875 Cb 0.01%
Constellation Brands Inc 150223 3.2 Cd 0.01%
Diageo Capital PLC 290430 2.00 Cb 0.02%
Diageo PLC 0.11%
Heineken Nv 0.13%
LVMH Moet Hennessy 0.17%
LVMH Moet Hennessy Louis Vuitton Se 0.02%
Pernod-Ricard SA 0.07%

Human Rights & Environmental Violations

BHP Group Ltd 0.17%
Bayer AG 0.06%
Bayer AG 120129 0.375 Cb 0.01%
Chevron Corp 0.02%
Essity Aktiebolag-B 0.09%
Glencore Funding Llc 120329 4.875 Cb 0.01%
Glencore Funding Llc 290424 4.625 Cb 0.02%
Glencore Funding Llc 300523 4.125 Cb 0.01%
Johnson & Johnson 0.08%
Nestle SA 0.22%
Rio Tinto Ltd 0.05%

Animal Testing

Air Liquide 0.08%
Akzo Nobel N.V 0.06%
Bayer AG 0.06%
Bayer AG 120129 0.375 Cb 0.01%
Bayer US Finance Ii Llc 151225 4.25 Cb 0.02%
Bayer US Finance Ii Llc 151228 4.375 Cb 0.02%
Bayer US Finance Ii Llc 250621 3.50 Cb 0.01%
Bayer US Finance Ii Llc250621 Frn 0.01%
Burberry Group PLC 0.03%
Chevron Corp 0.02%
Coca Cola Co 0.06%
Coca-Cola Co/The 0.02%
Danone 0.10%
Danone SA 021121 2.077 Cb 0.05%
Dowdupont Inc 151128 4.725 Cb 0.02%
Eastman Chemical Co 0.01%
Essity Aktiebolag-B 0.09%
Glaxosmithkline PLC 0.02%
Hermes International 0.02%
Hp Inc 0.02%
Johnson & Johnson 0.08%
Keurig Dr Pepper Inc 150926 2.55 Cb 0.02%
Koninklijke Dsm Nv 0.08%
Kraft Heinz Co 0.01%
LVMH Moet Hennessy 0.17%
LVMH Moet Hennessy Louis Vuitton Se 0.02%
Linde PLC 0.09%
Linde PLC US 0.02%
Linde PLC-Ny 0.01%
Mondelez International Holdings Nlg Bv 281021 2.00 Cb 0.03%
Mondelez International Inc 130430 2.75 Cb 0.01%
Nestle SA 0.22%
PPG Industries Inc 0.06%
Pepsico Inc 0.05%
Procter & Gamble Co/The 0.03%
Reckitt Benckiser Treasury Services PLC 240622 Frn 0.02%
Reckitt Benckiser 0.08%
Sherwin-Williams Co 0.02%
Syngenta Finance AG 230421 3.933 Cb 0.06%
Tesco Property Finance PLC 130440 5.744 Sf 0.04%
Unilever PLC Eu 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 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
2021 8.80% 10.35%
2020 0.59% -0.65%
2019 4.26% 2.89%
2018 3.73% 4.0%
2017 4.10% 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%

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 March 31st 2021.

Showing the top 10 investments for this fund:

  • Hunter Global Fixed Interest Fund
    New Zealand Int Fixed Interest
    35.01%
  • ANZ Fixed Interest Fund
    New Zealand NZ Fixed Interest
    19.39%
  • ANZ NZ Cash Fund
    New Zealand Cash and Equivalents
    14.56%
  • ANZ W/S International Share Fund
    New Zealand International Equities
    11.59%
  • Nikko Global Bond Fund
    New Zealand Int Fixed Interest
    8.51%
  • AMP Global Index Share Fund
    New Zealand International Equities
    5.0%
  • Salt NZ Dividend Appreciation Fund
    New Zealand Australasian Equities
    3.12%
  • AMP Australian Shares Fund
    New Zealand Australasian Equities
    2.41%
  • Nikko Multi-Strategy Fund
    New Zealand Other
    0.41%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed March 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% 14.56%
New Zealand Fixed Interest 20.0% 19.39%
International Fixed Interest 45.0% 43.52%
Australasian Equities 5.0% 5.53%
International Equities 15.0% 16.59%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.41%
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 March 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:
    0.68%
  • Animal Testing:
    2.26%
  • Fossil Fuels:
    1.05%
  • Gambling:
    0.33%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.84%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.01%
  • Weapons:
    0.09%

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

"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 $2.3M NZD
Period of data report Wed March 31st 2021
Members 63
Fund started Thu April 21st 2016
Total annual fund fees 0.6%
Total performance based fees 0.0%
Manager's basic fee 0.32%
Other management and administration charges 0.28%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

David Young

Currently: Chair (5 years, 1 months)
Previously: Chair (15 years, 0 months)

Craig Harrison

Currently: Deputy chair (0 years, 4 months)
Previously: (None years, None months)

Simon Brodie

Currently: Licensed Independent Trustee (5 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 Wed March 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Markets Conduct Act 2013 and any associated regulations.

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.