Westpac Conservative Fund

Find an ethical fund »
Not Mindful
Type: Conservative fund
Past Returns: 3.02%

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

Annual Fees: 0.64%

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

Aes Corporation 3.95% 15-Jul-2030 0.03%
Aker BP Asa 3.0% 15-Jan-2025 0.01%
Aker BP Asa 3.75% 15-Jan-2030 0.03%
American Electric Power Company, Inc. 0.01%
Anglo American PLC 0.01%
Atmos Energy Corporation 0.01%
Basf Se 0.01%
BP Capital Markets PLC 3.625% Perp 0.02%
BP Capital Markets PLC 4.25% Perp 0.02%
BP Capital Markets PLC 4.375% Perp 0.03%
BP Capital Markets PLC 4.875% Perp 0.03%
Cms Energy Corporation 4.75% 01-Jun-2050 0.01%
Coca-Cola Company 1.0% 15-Mar-2028 0.04%
Dominion Energy Gas Holdings Llc 3.55% 01-Nov-2023 0.02%
Dominion Energy, Inc. 2.45% 15-Jan-2023 0.06%
Dominion Energy, Inc. 4.25% 01-Jun-2028 0.01%
Electricite De France SA 2.0% 09-Dec-2049 0.02%
Electricite De France SA 3.0% Perp 0.02%
Electricite De France SA 3.375% Perp 0.02%
Electricite De France SA 5.375% Perp 0.05%
Electricite De France SA 5.875% Perp 0.03%
Enbridge Inc. 5.75% 15-Jul-2080 0.02%
Engie SA. 0.375% 11-Jun-2027 0.09%
Firstenergy Corp. 7.375% 15-Nov-2031 0.02%
Hess Corporation 3.5% 15-Jul-2024 0.02%
Kinder Morgan, Inc. 5.0% 15-Feb-2021 0.04%
Kinder Morgan, Inc. 5.625% 15-Nov-2023 0.01%
Mplx Lp 4.125% 01-Mar-2027 0.02%
New World Development Co. Ltd. 0.03%
Nextera Energy Capital Holdings, Inc. 2.75% 01-May-2025 0.04%
Nextera Energy Capital Holdings, Inc. 2.75% 01-Nov-2029 0.02%
Nextera Energy, Inc. 0.02%
Pioneer Natural Resources Company 1.9% 15-Aug-2030 0.03%
Repsol International Finance Bv 3.75% Perp 0.02%
Rio Tinto Ltd 0.06%
Rio Tinto PLC 0.01%
Upm-Kymmene Oyj 0.01%
Williams Companies, Inc. 4.55% 24-Jun-2024 0.01%
Wintershall Dea Finance Bv 0.84% 25-Sep-2025 0.04%
Wintershall Dea Finance Bv 1.332% 25-Sep-2028 0.02%
Wintershall Dea Finance Bv 1.823% 25-Sep-2031 0.02%
Wintershall Dea Gmbh 0.452% 25-Sep-2023 0.04%
Xcel Energy Inc. 3.4% 01-Jun-2030 0.02%
Xcel Energy Inc. 4.0% 15-Jun-2028 0.02%

Weapons

Amphenol Corporation Class A 0.02%
Navistar International Corporation 0.02%

Tobacco

Alimentation Couche-Tard Inc. 3.8% 25-Jan-2050 0.03%

Gambling

Aristocrat Leisure Ltd 0.04%
Sky City Entertainment Group 0.15%
Vici Properties Inc 0.02%

Alcohol

Anheuser-Busch Cos. Llc 3.65% 01-Feb-2026 0.05%
Anheuser-Busch Inbev SA/Nv 2.125% 02-Dec-2027 0.04%
Anheuser-Busch Inbev SA/Nv 3.7% 02-Apr-2040 0.04%
Anheuser-Busch Inbev Worldwide, Inc. 4.15% 23-Jan-2025 0.03%
Anheuser-Busch Inbev Worldwide, Inc. 5.55% 23-Jan-2049 0.03%
Carlsberg A/S Class B 0.01%
Diageo PLC 0.05%
Heineken Nv 0.03%
Heineken Nv 1.0% 04-May-2026 0.02%
Heineken Nv 2.25% 30-Mar-2030 0.01%
LVMH Moet Hennessy Louis Vuitton Se 0.06%
Pernod Ricard SA 0.04%

Palm Oil

Human Rights & Environmental Violations

Freeport-Mcmoran, Inc. 0.01%
Johnson & Johnson 0.03%
Nestle S.A. 0.07%
Rio Tinto Ltd 0.06%
Rio Tinto PLC 0.01%
Sempra Energy 4.875% Perp 0.04%

Animal Testing

Air Liquide SA 0.020%
Akzo Nobel N.V. 0.030%
Basf Se 0.010%
Bayer AG 0.050%
Burberry Group PLC 0.010%
Clorox Company 3.05% 15-Sep-2022 0.030%
Coca-Cola Company 1.0% 15-Mar-2028 0.040%
Colgate-Palmolive Company 0.030%
Danone SA 0.040%
Estee Lauder Companies Inc. Class A 0.020%
Fancl Corporation 0.020%
Hermes International Sca 0.010%
Hp Inc. 0.010%
Johnson & Johnson 0.030%
Linde PLC 0.060%
LVMH Moet Hennessy Louis Vuitton Se 0.060%
Mondelez International Holdings Netherlands Bv 2.0% 28-Oct-2021 0.050%
Mondelez International Holdings Netherlands Bv 2.125% 19-Sep-2022 0.040%
Mondelez International, Inc. 1.5% 04-May-2025 0.010%
Mondelez International, Inc. 2.75% 13-Apr-2030 0.030%
Mondelez International, Inc. Class A 0.010%
Nestle S.A. 0.070%
PPG Industries, Inc. 0.030%
Procter & Gamble Company 0.020%
Reckitt Benckiser Group PLC 0.040%
Reckitt Benckiser Treasury Services (Nederland) Bv 0.375% 19-May-2026 0.030%
Svenska Cellulosa Aktiebolaget Class B 0.020%

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 Dec. 31st 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, Sustainalytics and research organisations.

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
2020 1.07% 0.16%
2019 4.40% 4.34%
2018 3.80% 4.56%
2017 4.16% 2.92%
2016 3.52% 3.51%
2015 8.10% 7.9%
2014 3.88% 3.45%
2013 6.92% 7.24%
2012 3.16% 3.11%
2011 5.06% 5.08%

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 Thu Dec. 31st 2020.

Showing the top 10 investments for this fund:

  • K2 Alternative Strategies NZ Portfolio
    Cayman Islands Other
    1.94%
  • US 5Yr Note (Cbt)
    United States Int Fixed Interest
    1.93%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    1.27%
  • US 2Yr Note (Cbt)
    United States Int Fixed Interest
    1.08%
  • NZ Government Bond 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AA+
    1.08%
  • Government Of The United States Of America 0.5% 31-Mar-2025
    United States Int Fixed Interest AA+
    0.98%
  • A2 Milk Company Ltd
    New Zealand Australasian Equities
    0.79%
  • NZ Government Bond 3% 20/04/2029
    New Zealand NZ Fixed Interest AA+
    0.72%
  • NZ Government Bond 4.50% 15/04/2027
    New Zealand NZ Fixed Interest AA+
    0.69%
  • Euro Schatz Future
    Germany Int Fixed Interest
    0.67%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 13.0% 12.4%
New Zealand Fixed Interest 30.0% 29.87%
International Fixed Interest 32.0% 31.84%
Australasian Equities 9.0% 9.66%
International Equities 10.0% 10.53%
Listed Properties 4.0% 3.7%
Unlisted Properties 0.0% 0.0%
Other 2.0% 2.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Thu Dec. 31st 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:
    0.44%
  • Animal Testing:
    1.00%
  • Fossil Fuels:
    1.33%
  • Gambling:
    0.24%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.24%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.03%
  • 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 Dec. 31st 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, Sustainalytics 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

"The Conservative Fund aims to provide stable returns over the short to medium term. The fund invests primarily in income assets but also has an allocation to growth assets. Volatility is expected to be higher than the Default Fund but lower than the Moderate Fund in the Westpac KiwiSaver Scheme."

Value $3.0B NZD
Period of data report Thu Dec. 31st 2020
Members 187,309
Fund started Mon Oct. 1st 2007
Total annual fund fees 0.64%
Total performance based fees 0.0%
Manager's basic fee 0.52%
Administration charges 0.12%
Total other charges 22.0
Total other charges currency NZD

Key Personnel

Nigel Jackson

Currently: Acting Head of Investments & Insurance (3 years, 10 months)
Previously: Head of Customer Proposition (7 years, 7 months)

Philip Houghton-Brown

Currently: Head of Investment Solutions (0 years, 4 months)
Previously: Chief Investment Officer / Head of Investments Mercer (8 years, 2 months)

Francois Richeboeuf

Currently: Senior Portfolio Manager (10 years, 2 months)
Previously: Acting Head of Investment Solutions (0 years, 8 months)

Stephen Hong

Currently: Senior Portfolio Manager (8 years, 3 months)
Previously: Portfolio Manager AXA Global Investors (5 years, 9 months)

Angelika Sansom

Currently: Investment Analytics Manager (19 years, 4 months)
Previously: Investment Consultant Mercer (2 years, 4 months)

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

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 Advisers Act 2008 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.