Not Mindful
Fund type: Conservative fund
Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
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
Channel Infrastructure NZ Ltd. 5.1% 01-Mar-2034 0.33%
Contact Energy Limited Rcd 07/11/2022 08/11/2022 0.24%
Contact Energy Limited Rcd 19/10/2022 20/10/2022 0.24%
Cms Energy Corporation 0.23%
Kinder Morgan Inc Class P 0.19%
Contact Energy Limited 0.13%
Enterprise Products Partners L.P. 0.13%
Nrg Energy, Inc. 0.03%
Vistra Corp. 0.03%
Williams Companies, Inc. 0.03%
Atmos Energy Corporation 0.02%
Constellation Energy Corporation 0.02%
Enbridge Inc. 0.02%
Lyondellbasell Industries Nv 0.02%
Nisource Inc 0.02%
Ppl Corporation 0.02%
Sempra Energy 0.02%
Tc Energy Corporation 0.02%
Enagas SA 0.01%
National Grid PLC 0.01%
Naturgy Energy Group, S.A. 0.01%
Parkland Corporation 0.01%
Snam S.P.A. 0.01%
Weapons
Hexcel Corporation 0.05%
Alcohol
Anheuser-Busch Inbev Worldwide, Inc. 5.875% 15-Jun-2035 0.13%
Delegat Group Limited 0.07%
Constellation Brands, Inc. Class A 0.02%
Diageo PLC 0.02%
Heineken Holding N.V. 0.02%
Carlsberg As Class B 0.01%
Molson Coors Beverage Company Class B 0.01%
GMOs
Human Rights & Environmental Violations
Meta Platforms Inc. Class A 0.46%
Johnson & Johnson 0.09%
Rio Tinto PLC 0.05%
Animal Testing
Sherwin-Williams Company 2.95% 15-Aug-2029 0.21%
Procter & Gamble Company 0.07%
Mondelez International, Inc. Class A 0.04%
Constellation Brands, Inc. Class A 0.02%
Dow, Inc. 0.02%
Koninklijke Ahold Delhaize N.V. 0.02%
Lyondellbasell Industries Nv 0.02%
Yara International Asa 0.02%
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Fri Sept. 30th 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.
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 |
|---|
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 Sept. 30th 2022.
Showing the top 10 investments for this fund:
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Fisher Funds Conservative Fund
New Zealand International Equities100.0%
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Sept. 30th 2022.
How the money in this fund is invested against the fund's targets.
Target
Actual
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 14.5% | 10.25% |
| New Zealand Fixed Interest | 26.0% | 30.42% |
| International Fixed Interest | 32.0% | 32.06% |
| Australasian Equities | 5.5% | 5.67% |
| International Equities | 12.0% | 11.92% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 5.0% | 4.68% |
| Other | 5.0% | 5.0% |
| Commodities | 0.0% | 0.0% |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Sept. 30th 2022.
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.
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Issue of concernDoes this fund say it excludes this?Actual holdings
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Adult Entertainment/Pornography:0.00%
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Alcohol:0.28%
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Animal Testing:0.65%
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Fossil Fuels:1.79%
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Gambling:0.00%
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GMOs:0.01%
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Human Rights & Environmental Violations:0.63%
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Palm Oil:0.00%
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Tobacco:0.00%
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Weapons:0.06%
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Fri Sept. 30th 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.
In their own words
"Provides exposure to a diversified fund that aims to provide stable returns over the long term by investing mainly in income assets with a modest allocation to growth assets."
| Value | $270k NZD |
| Period of data report | Fri Sept. 30th 2022 |
| Members | 23 |
| Fund started | Tue Jan. 25th 2022 |
| Total annual fund fees | 0.93% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.93% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Mike Heath |
Currently: Investment Committee Member (2 years, 6 months) |
|
Anthony Edmonds |
Currently: Investment Committee Member (2 years, 6 months) |
|
Anthony Sowerby |
Currently: Investment Committee Member (2 years, 6 months) |
|
Jason Choy |
Currently: Investment Committee Member (0 years, 2 months) |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Sept. 30th 2022.
Downloads
Download the fund's disclosure statement and portfolio holdings.
