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
Anglo American PLC 0.01%
BHP Group Ltd 0.06%
Cheniere Energy Inc 0.02%
Glencore PLC 0.02%
Itochu Corp 0.02%
Kinder Morgan Inc/De 0.02%
Mitsubishi Corp 0.02%
Oneok Partners Lp 4.9% 15 Mar 25 15/3/2025 0.03%
Oneok Partners Lp 5% 15 Sep 23 15/9/2023 0.03%
Tc Energy Corp 0.02%
Williams Cos Inc/The 0.02%
Williams Cos Inc/The 4.5% 15 Nov 23 15/11/2023 0.18%
Weapons
Tobacco
Alimentation Couche-Tard Inc 0.01%
Gambling
Skycity Entertainment Group Ltd 3.02% 21 May 27 21/5/2027 0.14%
William Hill PLC 4.875% 07 Sep 23 7/9/2023 0.14%
Alcohol
Asahi Group Holdings Ltd 0.01%
Carlsberg A/S 0.02%
Constellation Brands Inc 0.04%
Diageo PLC 0.06%
LVMH Moet Hennessy Louis Vuitton Se 0.07%
Pernod Ricard SA 0.02%
GMOs
Corteva Inc 0.01%
Human Rights & Environmental Violations
Activision Blizzard Inc 0.01%
BHP Group Ltd 0.06%
Glencore PLC 0.02%
Johnson & Johnson 0.13%
Johnson & Johnson 0.55% 01 Sep 25 1/9/2025 0.05%
Johnson & Johnson 0.65% 20 May 24 20/5/2024 0.26%
Johnson & Johnson 2.9% 15 Jan 28 15/1/2028 0.01%
Mattel Inc 5.875% 15 Dec 27 15/12/2027 0.07%
Nestle Holdings Inc 1% 15 Sep 27 15/9/2027 0.12%
Nestle SA 0.13%
Rio Tinto Ltd 0.02%
Rio Tinto PLC 0.05%
Uber Technologies Inc 0.02%
Animal Testing
Air Liquide Finance SA 2.5% 27 Sep 26 27/9/2026 0.17%
Air Liquide SA 0.05%
Akzo Nobel Nv 0.02%
Asahi Group Holdings Ltd 0.01%
Basf Se 0.01%
Coca-Cola Co/The 0.12%
Corteva Inc 0.01%
Danone SA 3% 15 Jun 22 15/6/2022 0.02%
Dupont De Nemours Inc 0.02%
Eastman Chemical Co 0.04%
Estee Lauder Cos Inc/The 0.03%
Givaudan SA 0.03%
Glaxosmithkline PLC 0.03%
Hermes International 0.01%
Hp Inc 0.03%
Ingersoll Rand Inc 0.01%
Johnson & Johnson 0.13%
Johnson & Johnson 0.55% 01 Sep 25 1/9/2025 0.05%
Johnson & Johnson 0.65% 20 May 24 20/5/2024 0.26%
Johnson & Johnson 2.9% 15 Jan 28 15/1/2028 0.01%
Kimberly-Clark Corp 0.03%
Koninklijke Dsm Nv 0.02%
Kraft Heinz Foods Co 3.875% 15 May 27 15/5/2027 0.04%
L'Oreal SA 0.05%
LVMH Moet Hennessy Louis Vuitton Se 0.07%
Linde PLC 0.07%
Mondelez International Inc 0.06%
Nestle Holdings Inc 1% 15 Sep 27 15/9/2027 0.12%
Nestle SA 0.13%
Nutrien Ltd 0.02%
PPG Industries Inc 0.03%
Pepsico Inc 0.08%
Procter & Gamble Co/The 0.15%
Procter & Gamble Co/The 1.125% 02 Nov 23 2/11/2023 0.11%
Procter & Gamble Co/The 2.8% 25 Mar 27 25/3/2027 0.10%
Reckitt Benckiser Group PLC 0.03%
Shin-Etsu Chemical Co Ltd 0.03%
Tesco PLC 0.01%
Unilever PLC 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 Thu March 31st 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.
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 |
---|---|---|
2022 | -0.92% | -0.53% |
2021 | 8.73% | 7.8% |
2020 | 1.42% | 1.24% |
2019 | 4.58% | 3.69% |
2018 | 3.58% | 3.92% |
2017 | 4.10% | 4.65% |
2016 | 3.52% | 2.43% |
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 March 31st 2022.
Showing the top 10 investments for this fund:
-
Westpac NZD Account
New Zealand Cash and Equivalents AA-7.04% -
ASB Bank Term Deposit 1.48% 22/6/2022
New Zealand Cash and Equivalents AA-1.61% -
New Zealand Local Government Funding Agency Bond 3.5% 14/4/2033
New Zealand NZ Fixed Interest AAA1.54% -
New Zealand Local Government Funding Agency Bond 4.5% 15/4/2027
New Zealand NZ Fixed Interest AAA1.35% -
ANZ Bank New Zealand Ltd 3.75% 1/9/2022
New Zealand Cash and Equivalents AA-1.31% -
New Zealand Local Government Funding Agency Bond 1.5% 20/4/2029
New Zealand NZ Fixed Interest AAA1.25% -
Kainga Ora 3.42% 18/10/2028
New Zealand NZ Fixed Interest AAA1.17% -
Kommunalbanken As 4% 20/8/2025
Norway Int Fixed Interest AAA1.15% -
Transpower New Zealand Ltd 1.735% 4/9/2025
New Zealand NZ Fixed Interest AA1.07% -
International Bank For Reconstruction & Development 1.625% 10/5/2028
United States Int Fixed Interest AAA1.06%
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Thu March 31st 2022.
How the money in this fund is invested against the fund's targets.
Target
Actual
Type | Target | Actual |
---|---|---|
Cash and Cash Equivalents | 50.0% | 41.14% |
New Zealand Fixed Interest | 30.0% | 17.02% |
International Fixed Interest | 0.0% | 22.07% |
Australasian Equities | 0.0% | 0.33% |
International Equities | 20.0% | 18.92% |
Listed Properties | 0.0% | 0.52% |
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 Thu March 31st 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).
The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.
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Issue of concernDoes this fund say it excludes this?Actual holdings
-
Adult Entertainment/Pornography:0.00%
-
Alcohol:0.25%
-
Animal Testing:2.33%
-
Fossil Fuels:0.53%
-
Gambling:0.31%
-
GMOs:0.01%
-
Human Rights & Environmental Violations:0.98%
-
Palm Oil:0.00%
-
Tobacco:0.02%
-
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 Thu March 31st 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 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
"The Default Fund is intended for short-term investment until you choose the best fund(s) for your circumstances. The Default Fund holds between 15% to 25% in shares and other growth assets, with the remainder invested in a combination of cash and fixed interest assets. Its objective is to exceed the returns you would receive from investing 50% of your funds in New Zealand cash, 30% in New Zealand fixed interest assets and 20% in shares."
Value | $260M NZD |
Period of data report | Thu March 31st 2022 |
Members | 19,953 |
Fund started | Tue July 1st 2014 |
Total annual fund fees | 0.62% |
Total performance based fees | 0.0% |
Manager's basic fee | 0.58% |
Other management and administration charges | 0.04% |
Total other charges | 0.0 |
Total other charges currency | NZD |
Key Personnel
Steffan Berridge |
Currently: Acting Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (0 years, 4 months) |
Diana Gordon |
Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (9 years, 7 months) |
Greg Hayton |
Currently: NZ Fixed Income Portfolio Manager & Head of Cash - Kiwi Wealth Investments Limited Partnership (1 years, 4 months) |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Thu March 31st 2022.
Downloads
Download the fund's disclosure statement and portfolio holdings.