BNZ KiwiSaver Conservative Fund

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Not Mindful
Type: Conservative fund
Past Returns: 3.08%

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

Annual Fees: 0.51%

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

Exxon Mobil Corp 0.06%
Chevron Corporation 0.05%
Nextera Energy Inc 0.04%
Royal Dutch Shell Plc-A Shs 0.03%
Total Sa 0.03%
Sinopec Group Overseas Development 2013 Ltd 5.375 17/10/2043 0.02%
Royal Dutch Shell Plc - B Shs 0.02%
Dominion Energy Inc 0.02%
Enbridge Inc 0.02%
Total Capital International Sa 0.696 31/05/2028 0.01%
Total Sa 2.625 Perp 0.01%
Valero Energy Corp 0.01%
Total Capital International Sa 3.455 19/02/2029 0.01%
Dte Energy Co 0.01%
Cez As 0.875 02/12/2026 0.01%
Glencore Finance Europe Ltd 1.875 13/09/2023 0.01%
Total Capital International Sa 2.125 19/11/2021 0.01%
Firstenergy Corp 0.01%
Shell International Finance Bv 1.625 20/01/2027 0.01%
Bp Capital Markets Plc 1.573 16/02/2027 0.01%
Equinor Asa 1.25 17/02/2027 0.01%
China Petroleum & Chemical - H 0.01%
Korea Gas Corp 28/11/2023 0.01%
Williams Companies Inc 0.01%
Sunoco Logistics Partners Operations Lp 3.9 15/07/2026 0.01%
Equinor Asa 3.15 23/01/2022 0.01%
Neste Oyj 0.01%
Equinor Asa 3.25 10/11/2024 0.01%
Equinor Asa 3.95 15/05/2043 0.01%
Xcel Energy Inc 4 15/06/2028 0.01%
Engie Sa 7 30/10/2028 0.01%
Glencore Funding Llc 4.875 12/03/2029 0.01%
Bp Capital Markets America Inc 2.112 16/09/2021 0.01%
Glencore Plc 0.01%
Dominion Energy Inc 2 15/08/2021 0.01%
Repsol International Finance Bv 0.25 2/08/2027 0.01%
Engie Sa 0.500 24/10/2030 0.01%
Cms Energy Corp 0.01%
Marathon Petroleum Corp 0.01%
Rwe Ag 0.01%
Cnooc Ltd 0.01%
Engie Sa 0.01%
Xcel Energy Inc 0.01%
Perusahaan Listrik Negara Pt 4.125 15/05/2027 0.01%
Conocophillips 0.01%
BHP Group Plc 0.01%
Bp Capital Markets America Inc 3.937 21/09/2028 0.01%
Eni Spa 0.01%
Perusahaan Listrik Negara Pt 6.25 25/01/2049 0.01%
Bp Capital Markets Plc 0.831% 08/11/2027 0.01%
Anglo American Capital Plc 4.125 15/04/2021 0.01%
Abu Dhabi National Energy Co Pjsc 3.625 12/01/2023 0.01%
Gazprom (Gaz Capital Sa) 5.150 11/02/2026 0.01%
Cnooc Finance 2013 Ltd 2.875 30/09/2029 0.01%
Eog Resources Inc 0.01%
Aker Bp Asa 3.000 15/01/2025 0.01%
Phillips 66 0.01%
BHP Billiton Finance Ltd 3 29/05/2024 0.01%
Eni Spa 3.75 12/09/2025 0.01%
Suez 1.5 3/04/2029 0.01%
Engie Sa 2.625 20/07/2022 0.01%
Bp Capital Markets Plc 1.827 8/09/2025 0.01%
Engie Sa 1.875 19/09/2033 0.01%
Omv Ag 4.25 12/10/2021 0.01%
Gazprom Ord Shs 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Wec Energy Group Inc 0.01%
Kinder Morgan Inc/De 0.01%
Lukoil Pjsc 0.01%
Bp Capital Markets America Inc 2.75 10/05/2023 0.01%
Shell International Finance Bv 3.4 12/08/2023 0.01%
BHP Billiton Finance Ltd 3.25 25/09/2024 0.01%
Anglo American Plc 0.01%
Petroleos Mexicanos 6.35 12/02/2048 0.01%
Pacificorp 6.1 1/08/2036 0.01%
Firstenergy Corp 7.375 15/11/2031 0.01%
Petroleo Brasileiro Sa Petrobras 0.01%

Weapons

Transdigm Group Inc 0.01%

Gambling

Aristocrat Leisure Ltd 0.02%
Las Vegas Sands Corp 0.01%
Sky City Entertainment Group 0.01%

Alcohol

Diageo Plc 0.03%
Lvmh Moet Hennessy Louis Vui 0.03%
Anheuser-Busch Inbev Sa/ 2.250 05/24/29 Mtn 0.02%
Heineken Nv 0.01%
Anheuser-Busch Cos Llc / Anheuser-Busch Inbev Worldwide Inc 4.9 1/02/2046 0.01%
Anheuser-Busch Inbev Sa/ 2.875 02/04/2032 0.01%
Carlsberg Breweries A/S 0.5 6/09/2023 0.01%
Carlsberg A/S 0.01%
Anheuser-Busch Inbev Worldwide Inc 4.6 15/04/2048 0.01%
Brown-Forman Corp-Class B 0.01%
Kirin Holdings Co Ltd 0.01%
Anheuser-Busch Inbev Nv 0.01%
Pernod Ricard Sa 0.01%
Anheuser-Busch Inbev Finance Inc 3.3 1/02/2023 0.01%
Anheuser-Busch Inbev Sa/Nv 2.875 25/09/2024 0.01%
Delegat Group Ltd 0.01%
Constellation Brands Inc-A 0.01%

Palm Oil

Posco 2.75 15/07/2024 0.01%

GMOs

Novartis Ag 0.06%
Bayer Ag-Reg 0.02%
Basf Se 0.875 6/10/2031 0.01%
Dupont De Nemours Inc 4.725 15/11/2028 0.01%
Novartis Capital Corp 3.1 17/05/2027 0.01%
Basf Se 0.01%
Nutrien Ltd 4 15/12/2026 0.01%
Nutrien Ltd 0.01%
Du Pont De Nemours 0.01%

Human Rights & Environmental Violations

Johnson & Johnson 0.13%
Nestle Sa-Reg 0.11%
Chevron Corporation 0.05%
Royal Dutch Shell Plc-A Shs 0.03%
Rio Tinto Plc 0.02%
Royal Dutch Shell Plc - B Shs 0.02%
Duke Energy Corp 0.02%
Nestle Holdings Inc 1.375 13/07/2021 0.01%
Glencore Finance Europe Ltd 1.875 13/09/2023 0.01%
Johnson & Johnson 1.15 20/11/2028 0.01%
Essity Aktiebolag-B 0.01%
Nestle Holdings Inc 0.875 18/07/2025 0.01%
Shell International Finance Bv 1.625 20/01/2027 0.01%
Archer-Daniels-Midland Co 0.01%
Nestle Finance International Ltd 0.375 18/01/2024 0.01%
Glencore Funding Llc 4.875 12/03/2029 0.01%
Glencore Plc 0.01%
Nestle Holdings Inc 4.000 24/09/2048 0.01%
Sempra Energy 0.01%
Posco 2.75 15/07/2024 0.01%
Barrick Gold Corp 0.01%
BHP Group Plc 0.01%
Vale Sa 0.01%
Nestle Holdings Inc 3.625 24/09/2028 0.01%
Nutrien Ltd 4 15/12/2026 0.01%
BHP Billiton Finance Ltd 3 29/05/2024 0.01%
Johnson & Johnson 3.625 3/03/2037 0.01%
Nutrien Ltd 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Shell International Finance Bv 3.4 12/08/2023 0.01%
BHP Billiton Finance Ltd 3.25 25/09/2024 0.01%
Petroleo Brasileiro Sa Petrobras 0.01%

Animal Testing

Johnson & Johnson 0.130%
Nestle Sa-Reg 0.110%
Procter and Gamble Co/The 0.100%
Coca-Cola Co/The 0.060%
Pepsico Inc 0.060%
Chevron Corporation 0.050%
Royal Dutch Shell Plc-A Shs 0.030%
Lvmh Moet Hennessy Louis Vui 0.030%
Glaxosmithkline Plc 0.030%
Kimberly-Clark Corp 0.020%
Air Products and Chemicals Inc. 0.020%
Reckitt Benckiser Group Plc 0.020%
L'Oreal Sa 0.020%
Unilever Nv-Cva 0.020%
Royal Dutch Shell Plc - B Shs 0.020%
Air Liquide Sa 0.020%
Colgate-Palmolive Co 0.020%
Bayer Ag-Reg 0.020%
Unilever Plc 0.020%
Koninklijke Dsm Nv 0.010%
Nestle Holdings Inc 1.375 13/07/2021 0.010%
Unilever Capital Corp 3.125 22/03/2023 0.010%
Basf Se 0.875 6/10/2031 0.010%
Air Liquide Finance Sa 0.375 18/04/2022 0.010%
Unilever Nv 0.5 12/08/2023 0.010%
Coca-Cola European Partners Plc 1.5 8/11/2027 0.010%
Johnson & Johnson 1.15 20/11/2028 0.010%
Essity Aktiebolag-B 0.010%
Nestle Holdings Inc 0.875 18/07/2025 0.010%
Shell International Finance Bv 1.625 20/01/2027 0.010%
Coca-Cola Co/The 0.75 22/09/2026 0.010%
Archer-Daniels-Midland Co 0.010%
Nestle Finance International Ltd 0.375 18/01/2024 0.010%
Procter & Gamble Co/The 0.5 25/10/2024 0.010%
Coca-Cola Co/The 3.2 1/11/2023 0.010%
Akzo Nobel Nv 0.010%
Kraft Heinz Co/The 0.010%
Church & Dwight Co Inc 0.010%
Pepsico Inc 0.875 16/10/2039 0.010%
Nestle Holdings Inc 4.000 24/09/2048 0.010%
General Mills Inc 0.010%
Walgreens Boots Alliance Inc 0.010%
Estee Lauder Cos Inc/The 0.010%
Givaudan Sa 0.010%
Tesco Plc 0.010%
Ecolab Inc 0.010%
Kao Corporation 0.010%
Nestle Holdings Inc 3.625 24/09/2028 0.010%
Danone 0.010%
Tesco Corporate Treasury Services Plc 1.375 24/10/2023 0.010%
Reckitt Benckiser Tsy 2.75% 26/06/2024 0.010%
Basf Se 0.010%
Bayer US Finance Ii Llc 4.25% 15/12/2025 0.010%
Shiseido Co Ltd 0.010%
Henkel Ag & Co Kgaa 0.010%
Johnson & Johnson 3.625 3/03/2037 0.010%
Praxair Inc 1.625 1/12/2025 0.010%
Ppg Industries Inc 0.010%
Argentum Netherlands Bv For Zurich Insurance Co Ltd 3.5 1/10/2046 0.010%
Akzo Nobel Nv 2.625 27/07/2022 0.010%
Shell International Finance Bv 4.375 11/05/2045 0.010%
Du Pont De Nemours 0.010%
Tesco Property Finance 1 Plc 7.6227 13/07/2039 0.010%
Shell International Finance Bv 3.4 12/08/2023 0.010%
Clorox Company 0.010%
Glaxosmithkline Capital Plc 3.375 20/12/2027 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 Tue June 30th 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 FND516
Name BNZ KiwiSaver Conservative Fund
Risk profile Conservative fund
Description The Conservative Fund invests mostly in income assets which generally have lower levels of risk and return. It has a modest allocation to growth assets which generally have higher levels of risk with the potential for higher returns. It aims to achieve relatively stable returns over the short to medium term.
Value $840M NZD
Members 69,527
Market index description based on a composite index made up of related market indices that represent the target investment mix (including currency hedging where relevant)
Period of data report Tue June 30th 2020
Fund started Mon Feb. 11th 2013
Three-year average return 3.08%
Market index past year return 4.49%
Past year return net of charges and tax 3.32%
Past year return net of charges gross of tax 4.23%
Market index return since fund started 5.78%
Return since fund started net 4.06%
Total annual fund fees 0.51%
Total performance based fees 0.0%
Manager's basic fee 0.51%
Administration charges 0.0%
Total other charges 1.95
Total other charges currency NZD

Key Personnel

  • Christine Yates

    Currently: Director, BNZ Investment Services Limited (0 years, 8 months)
    Previously: Chief Customer Officer, Private Wealth and Insurances, BNZ (current position) (1 years, 4 months)

  • Christine Yates

    Currently: Director, BNZ Investment Services Limited (0 years, 8 months)
    Previously: Chief Customer Officer, Private Wealth and Insurances, BNZ (current position) (1 years, 4 months)

  • Christine Yates

    Currently: Director, BNZ Investment Services Limited (0 years, 8 months)
    Previously: Chief Customer Officer, Private Wealth and Insurances, BNZ (current position) (1 years, 4 months)

  • Christine Yates

    Currently: Director, BNZ Investment Services Limited (0 years, 8 months)
    Previously: Chief Customer Officer, Private Wealth and Insurances, BNZ (current position) (1 years, 4 months)

  • Christine Yates

    Currently: Director, BNZ Investment Services Limited (0 years, 8 months)
    Previously: Chief Customer Officer, Private Wealth and Insurances, BNZ (current position) (1 years, 4 months)

  • Christine Yates

    Currently: Director, BNZ Investment Services Limited (0 years, 8 months)
    Previously: Chief Customer Officer, Private Wealth and Insurances, BNZ (current position) (1 years, 4 months)

  • Hayley Cassidy

    Currently: Director, BNZ Investment Services Limited (1 years, 2 months)
    Previously: Chief General Counsel, BNZ (current position) (1 years, 3 months)

  • Hayley Cassidy

    Currently: Director, BNZ Investment Services Limited (1 years, 2 months)
    Previously: Chief General Counsel, BNZ (current position) (1 years, 3 months)

  • Hayley Cassidy

    Currently: Director, BNZ Investment Services Limited (1 years, 2 months)
    Previously: Chief General Counsel, BNZ (current position) (1 years, 3 months)

  • Hayley Cassidy

    Currently: Director, BNZ Investment Services Limited (1 years, 2 months)
    Previously: Chief General Counsel, BNZ (current position) (1 years, 3 months)

  • Hayley Cassidy

    Currently: Director, BNZ Investment Services Limited (1 years, 2 months)
    Previously: Chief General Counsel, BNZ (current position) (1 years, 3 months)

  • Hayley Cassidy

    Currently: Director, BNZ Investment Services Limited (1 years, 2 months)
    Previously: Chief General Counsel, BNZ (current position) (1 years, 3 months)

  • Paul Richardson

    Currently: Director, BNZ Investment Services Limited (0 years, 7 months)
    Previously: Chief Investment Officer/Executive Director, Mint Asset Management Limited (4 years, 8 months)

  • Paul Richardson

    Currently: Director, BNZ Investment Services Limited (0 years, 7 months)
    Previously: Chief Investment Officer/Executive Director, Mint Asset Management Limited (4 years, 8 months)

  • Paul Richardson

    Currently: Director, BNZ Investment Services Limited (0 years, 7 months)
    Previously: Chief Investment Officer/Executive Director, Mint Asset Management Limited (4 years, 8 months)

  • Paul Richardson

    Currently: Director, BNZ Investment Services Limited (0 years, 7 months)
    Previously: Chief Investment Officer/Executive Director, Mint Asset Management Limited (4 years, 8 months)

  • Paul Richardson

    Currently: Director, BNZ Investment Services Limited (0 years, 7 months)
    Previously: Chief Investment Officer/Executive Director, Mint Asset Management Limited (4 years, 8 months)

  • Paul Richardson

    Currently: Director, BNZ Investment Services Limited (0 years, 7 months)
    Previously: Chief Investment Officer/Executive Director, Mint Asset Management Limited (4 years, 8 months)

  • Richard Ansell

    Currently: Director, BNZ Investment Services Limited (1 years, 4 months)
    Previously: Chair, BNZ Investment Review Committee (0 years, 10 months)

  • Richard Ansell

    Currently: Director, BNZ Investment Services Limited (1 years, 4 months)
    Previously: Chair, BNZ Investment Review Committee (0 years, 10 months)

  • Richard Ansell

    Currently: Director, BNZ Investment Services Limited (1 years, 4 months)
    Previously: Chair, BNZ Investment Review Committee (0 years, 10 months)

  • Richard Ansell

    Currently: Director, BNZ Investment Services Limited (1 years, 4 months)
    Previously: Chair, BNZ Investment Review Committee (0 years, 10 months)

  • Richard Ansell

    Currently: Director, BNZ Investment Services Limited (1 years, 4 months)
    Previously: Chair, BNZ Investment Review Committee (0 years, 10 months)

  • Richard Ansell

    Currently: Director, BNZ Investment Services Limited (1 years, 4 months)
    Previously: Chair, BNZ Investment Review Committee (0 years, 10 months)

  • Richard Morath

    Currently: Director, BNZ Investment Services Limited (7 years, 0 months)
    Previously: Non-Executive Director, BNZ Life Insurance Limited (current position) (16 years, 7 months)

  • Richard Morath

    Currently: Director, BNZ Investment Services Limited (7 years, 0 months)
    Previously: Non-Executive Director, BNZ Life Insurance Limited (current position) (16 years, 7 months)

  • Richard Morath

    Currently: Director, BNZ Investment Services Limited (7 years, 0 months)
    Previously: Non-Executive Director, BNZ Life Insurance Limited (current position) (16 years, 7 months)

  • Richard Morath

    Currently: Director, BNZ Investment Services Limited (7 years, 0 months)
    Previously: Non-Executive Director, BNZ Life Insurance Limited (current position) (16 years, 7 months)

  • Richard Morath

    Currently: Director, BNZ Investment Services Limited (7 years, 0 months)
    Previously: Non-Executive Director, BNZ Life Insurance Limited (current position) (16 years, 7 months)

  • Richard Morath

    Currently: Director, BNZ Investment Services Limited (7 years, 0 months)
    Previously: Non-Executive Director, BNZ Life Insurance Limited (current position) (16 years, 7 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue June 30th 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% 1.77%
2019 4.40% 3.24%
2018 3.80% 4.24%
2017 4.16% 4.67%
2016 3.52% 2.16%
2015 8.10% 7.45%
2014 3.88% 3.37%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Auckland Council 4.017% 24/09/2020
    New Zealand NZ Fixed Interest AA
    1.62%
  • Mufg Bank Ltd Bank Account NZD
    New Zealand Cash and Equivalents A
    1.48%
  • ASB Bank Ltd Term Deposit 2.35% 17/09/2020
    New Zealand Cash and Equivalents AA-
    1.31%
  • ANZ Bank New Zealand Ltd 4.03% 25/09/2020
    New Zealand NZ Fixed Interest AA-
    1.19%
  • ANZ Bank New Zealand Ltd Floating Rate Note 21/12/2020
    New Zealand NZ Fixed Interest AA-
    0.95%
  • BNP Paribas Bank Account NZD
    New Zealand Cash and Equivalents A+
    0.94%
  • China Construction Bank (New Zealand) Limited Registered Certificate Of Deposit 09/06/2021
    New Zealand NZ Fixed Interest A
    0.92%
  • Bank Of New Zealand Bank Account NZD
    New Zealand Cash and Equivalents AA-
    0.82%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    0.82%
  • Bank Of New Zealand (BNZ) Term Deposit 2.45% 02/07/2020
    New Zealand Cash and Equivalents AA-
    0.76%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 30 June 2020 .

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 35.0% 35.63%
New Zealand Fixed Interest 11.0% 10.08%
International Fixed Interest 34.0% 34.84%
Australasian Equities 6.0% 4.89%
International Equities 14.0% 14.56%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 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:
    0.22%
  • Animal Testing:
    1.27%
  • Fossil Fuels:
    0.97%
  • Gambling:
    0.04%
  • GMOs:
    0.15%
  • Human Rights & Environmental Violations:
    0.63%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.00%
  • Weapons:
    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 Tue June 30th 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: "The Conservative Fund invests mostly in income assets which generally have lower levels of risk and return. It has a modest allocation to growth assets which generally have higher levels of risk with the potential for higher returns. It aims to achieve relatively stable returns over the short to medium term."

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.