Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
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
Bp Capital Markets Plc 10/2/2024 0.45%
Nextera Energy Inc 0.32%
Chevron Corp 16/5/2021 0.26%
Total Capital International Sa 2/9/2020 0.26%
Aker Bp Asa 15/6/2024 0.22%
Dominion Energy Inc 0.14%
Total Capital International Sa 19/6/2021 0.11%
Chevron Corp 0.07%
Kinder Morgan Inc/De 0.06%
Snam Spa 0.05%
Oneok Partners Lp 15/9/2023 0.05%
Anglo American Plc 0.05%
Evergy Inc 0.05%
Canadian Natural Resources Ltd 0.05%
Oneok Partners Lp 15/3/2025 0.04%
Aes Corp/Va 0.04%
Enagas Sa 0.04%
Inpex Corp 0.03%
Bp Plc 0.02%
Total Sa 0.02%
Exxon Mobil Corp 0.02%
American Electric Power Co Inc 0.02%
Royal Dutch Shell 0.01%
Xcel Energy Inc 0.01%
Total Capital International 4.25% 26/11/2021 26/11/2021 0.01%
Whitecap Resources Inc 0.01%
Eog Resources Inc 0.01%
Pioneer Natural Resources Co 0.01%
Royal Dutch Shell B Shares 0.01%
Ameren Corp 0.01%
Cenovus Energy Inc 0.01%
Enbridge Inc 0.01%
BHP Billiton 0.01%
Cms Energy Corp 0.01%
BHP Billiton Plc 0.01%
Marathon Petroleum Corp 0.01%
Oneok Inc 0.01%
Rwe Ag 0.01%
Cnooc Ltd 0.01%
Weapons
Airbus Se 0.05%
Booz Allen Hamilton Holding Corp 0.04%
Safran Sa 0.04%
United Technologies Corp 0.03%
Raytheon Co 0.02%
Leonardo Spa 0.02%
Thales Sa 0.01%
L3Harris Technologies Inc 0.01%
Gambling
William Hill Plc 7/9/2023 0.20%
Evolution Gaming Group Ab 0.02%
Alcohol
Lvmh Moet Hennessy Louis Vuitton Se 0.22%
Constellation Brands Inc 1/5/2021 0.21%
Diageo Plc 0.09%
Constellation Brands Inc-A 0.02%
Pernod Ricard Sa 0.01%
Heineken Nv 0.01%
Carlsberg A/S 0.01%
Anheuser-Busch Inbev Nv 0.01%
Davide Campari-Milano Spa 0.01%
GMOs
Novartis 0.18%
Novozymes A/S-B Shares 0.01%
Dupont De Nemours Inc 0.01%
Human Rights & Environmental Violations
Johnson & Johnson 20/5/2024 0.52%
Nestle S.A. 0.52%
Johnson & Johnson 0.08%
Chevron Corp 0.07%
Rio Tinto Ltd 0.04%
Johnson & Johnson 15/1/2028 0.03%
Royal Dutch Shell 0.01%
Duke Energy Corp 0.01%
Royal Dutch Shell B Shares 0.01%
BHP Billiton 0.01%
BHP Billiton Plc 0.01%
Sempra Energy 0.01%
Animal Testing
Johnson & Johnson 20/5/2024 0.520%
Nestle S.A. 0.520%
Procter & Gamble Co/The 0.390%
Pepsico Inc 0.340%
Tesco Corporate Treasury Services Plc 1/7/2024 0.300%
Ecolab Inc 8/12/2021 0.260%
Colgate-Palmolive Co 0.230%
Lvmh Moet Hennessy Louis Vuitton Se 0.220%
Procter & Gamble Co/The 2/11/2023 0.220%
Coca Cola 0.210%
L'Oreal Sa 0.160%
Reckitt Benckiser Group Plc 0.110%
Johnson & Johnson 0.080%
Chevron Corp 0.070%
Ecolab Inc 0.070%
Glaxosmithkline Plc 0.060%
Danone Sa 15/6/2022 0.040%
Estee Lauder Cos Inc/The 0.040%
Henkel Ag & Co Kgaa Vorzug 0.030%
Johnson & Johnson 15/1/2028 0.030%
Unilever Plc 0.030%
Kimberly-Clark Corp 0.020%
Royal Dutch Shell 0.010%
General Mills Inc 0.010%
Air Liquide Sa 0.010%
Royal Dutch Shell B Shares 0.010%
Akzo Nobel Nv 0.010%
Tesco Plc 0.010%
Air Products & Chemicals Inc 0.010%
Novozymes A/S-B Shares 0.010%
Burberry Group Plc 0.010%
Shiseido Co Ltd 0.010%
Arkema Sa 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 | FND552 |
| Name | Kiwi Wealth Conservative |
| Risk profile | Conservative fund |
| Description | The Conservative Fund is invested up to 35% in shares andother growth assets with the remainder invested in cash andfixed interest assets. Its objective is to exceed the returns youwould receive from investing 70% of your funds in NewZealand fixed interest assets and cash and 30% in globalshares, through active asset allocation and active selection ofshares and other growth assets, fixed interest and cash assets. |
| Value | $880M NZD |
| Members | 52,092 |
| Market index description | The market index return is the strategic asset allocation weighted benchmark index return, where the benchmark indicies are defined in the Statement of Investment Policy and Objectives. Additional information about the market index is available on the Disclose offer register at https://disclose-register.companiesoffice.govt.nz/ |
| Period of data report | Tue June 30th 2020 |
| Fund started | Mon Oct. 1st 2007 |
| Three-year average return | 2.61% |
| Market index past year return | 3.88% |
| Past year return net of charges and tax | 4.61% |
| Past year return net of charges gross of tax | 6.02% |
| Market index return since fund started | 5.13% |
| Return since fund started net | 4.49% |
| Total annual fund fees | 0.9% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.86% |
| Administration charges | 0.04% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
-
Diana Gordon
Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (7 years, 10 months)
Previously: Senior High Yield Portfolio Manager, Goldman Sachs Asset Management, New York (10 years, 10 months) -
Diana Gordon
Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (7 years, 10 months)
Previously: Senior High Yield Portfolio Manager, Goldman Sachs Asset Management, New York (10 years, 10 months) -
Diana Gordon
Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (7 years, 10 months)
Previously: Senior High Yield Portfolio Manager, Goldman Sachs Asset Management, New York (10 years, 10 months) -
Diana Gordon
Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (7 years, 10 months)
Previously: Senior High Yield Portfolio Manager, Goldman Sachs Asset Management, New York (10 years, 10 months) -
Diana Gordon
Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (7 years, 10 months)
Previously: Senior High Yield Portfolio Manager, Goldman Sachs Asset Management, New York (10 years, 10 months) -
Diana Gordon
Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (7 years, 10 months)
Previously: Senior High Yield Portfolio Manager, Goldman Sachs Asset Management, New York (10 years, 10 months) -
Greg Hayton
Currently: Cash Portfolio Manager & Senior Fixed Income Trader - Kiwi Wealth Investments Limited Partnership (10 years, 8 months)
Previously: Portfolio Administrator - Gareth Morgan Investments Limited Partnership (1 years, 6 months) -
Greg Hayton
Currently: Cash Portfolio Manager & Senior Fixed Income Trader - Kiwi Wealth Investments Limited Partnership (10 years, 8 months)
Previously: Portfolio Administrator - Gareth Morgan Investments Limited Partnership (1 years, 6 months) -
Greg Hayton
Currently: Cash Portfolio Manager & Senior Fixed Income Trader - Kiwi Wealth Investments Limited Partnership (10 years, 8 months)
Previously: Portfolio Administrator - Gareth Morgan Investments Limited Partnership (1 years, 6 months) -
Nathan Field
Currently: Portfolio Manager, Equities - Kiwi Wealth Investments Limited Partnership (10 years, 1 months)
Previously: Senior Equity Analyst - ABN Amro, Sydney (4 years, 6 months) -
Nathan Field
Currently: Portfolio Manager, Equities - Kiwi Wealth Investments Limited Partnership (10 years, 1 months)
Previously: Senior Equity Analyst - ABN Amro, Sydney. (4 years, 6 months) -
Nathan Field
Currently: Portfolio Manager, Equities - Kiwi Wealth Investments Limited Partnership (10 years, 1 months)
Previously: Senior Equity Analyst - ABN Amro, Sydney (4 years, 6 months) -
Simon O'Grady
Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (7 years, 8 months)
Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, 0 months) -
Simon O'Grady
Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (7 years, 8 months)
Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, 0 months) -
Simon O'Grady
Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (7 years, 8 months)
Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, None months) -
Simon O'Grady
Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (7 years, 8 months)
Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, None months) -
Simon O'Grady
Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (7 years, 8 months)
Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, 0 months) -
Simon O'Grady
Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (7 years, 8 months)
Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, None months) -
Steffan Berridge
Currently: Head of Quantitative Strategy - Kiwi Wealth Investments Limited Partnership (6 years, 9 months)
Previously: Portfolio Manager - Man Group PLC (9 years, None months) -
Steffan Berridge
Currently: Head of Quantitative Strategy - Kiwi Wealth Investments Limited Partnership (6 years, 9 months)
Previously: Portfolio Manager - Man Group PLC (9 years, 0 months) -
Steffan Berridge
Currently: Head of Quantitative Strategy - Kiwi Wealth Investments Limited Partnership (6 years, 9 months)
Previously: Portfolio Manager - Man Group PLC (9 years, None 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% | -0.02% |
| 2019 | 4.40% | 3.92% |
| 2018 | 3.80% | 3.92% |
| 2017 | 4.16% | 2.94% |
| 2016 | 3.52% | 2.21% |
| 2015 | 8.10% | 8.01% |
| 2014 | 3.88% | 4.29% |
| 2013 | 6.92% | 5.94% |
| 2012 | 3.16% | 3.17% |
| 2011 | 5.06% | 4.0% |
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:
-
Westpac NZD Account
New Zealand Cash and Equivalents AA-4.8% -
New Zealand Local Government Funding Agency Bond 14/4/2033
New Zealand NZ Fixed Interest AA+3.38% -
Landwirtschaftliche Rentenbank 23/4/2024
Germany Int Fixed Interest AAA2.48% -
Kommunalbanken As 20/8/2025
Norway Int Fixed Interest AAA2.33% -
Housing New Zealand Ltd 18/10/2028
New Zealand NZ Fixed Interest AA+2.23% -
New Zealand Local Government Funding Agency Bond 15/4/2027
New Zealand NZ Fixed Interest AA+2.21% -
Australia Government Bond 21/4/2037
Australia Int Fixed Interest AA+2.16% -
International Bank For Reconstruction & Development 19/2/2025
United States Int Fixed Interest AAA1.53% -
Housing New Zealand Ltd 24/4/2030
New Zealand NZ Fixed Interest AA+1.39% -
New Zealand Local Government Funding Agency Bond 20/4/2029
New Zealand NZ Fixed Interest AA+1.39%
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% | 10.23% |
| New Zealand Fixed Interest | 35.0% | 25.63% |
| International Fixed Interest | 0.0% | 32.99% |
| Australasian Equities | 0.0% | 0.27% |
| International Equities | 30.0% | 28.29% |
| Listed Properties | 0.0% | 0.92% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 1.67% |
| 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 concernDoes this fund say it excludes this?Actual holdings
-
Adult Entertainment/Pornography:0.00%
-
Alcohol:0.59%
-
Animal Testing:4.06%
-
Fossil Fuels:2.54%
-
Gambling:0.22%
-
GMOs:0.20%
-
Human Rights & Environmental Violations:1.32%
-
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 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 is invested up to 35% in shares andother growth assets with the remainder invested in cash andfixed interest assets. Its objective is to exceed the returns youwould receive from investing 70% of your funds in NewZealand fixed interest assets and cash and 30% in globalshares, through active asset allocation and active selection ofshares and other growth assets, fixed interest and cash assets."
Download the fund's disclosure statement and portfolio holdings.
