QuayStreet Conservative Fund

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Fund type: Conservative fund

Past Returns: 4.13%

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

Annual Fees: 0.76%

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

Apt Pipelines (March 2025) 1.67%
BHP Billiton 0.40%
Beach Energy 0.03%
Eog Resources 0.16%
Exxon Mobil 0.13%
Genesis Energy (April 2025) 1.05%
Genesis Energy (Jul 2022) 0.35%
Genesis Energy (Mar 2023) 0.56%
Mitsui & Co 0.16%
New Zealand Refining 0.01%
Santos 0.12%
South32 0.13%
Whitehaven Coal 0.03%

Gambling

Aristocrat Leisure 0.18%
Crown Resorts 0.04%
Jumbo Interactive 0.06%
Mgm Resorts International 0.10%
Skycity Entertainment Group 0.09%

Adult Entertainment/Pornography

Mgm Resorts International 0.10%

Alcohol

Delegat'S Group 0.04%
Diageo 0.13%
LVMH Moet Hennessy Louis Vuitton 0.15%
United Malt Grp 0.03%

Human Rights & Environmental Violations

BHP Billiton 0.40%
Johnson & Johnson 0.20%
Nestle 0.11%
Rio Tinto 0.10%

Animal Testing

Air Liquide 0.10%
Dupont De Nemours 0.05%
Fmc Corp 0.10%
Johnson & Johnson 0.20%
Kimberly-Clark Corp 0.12%
L'Oreal 0.08%
LVMH Moet Hennessy Louis Vuitton 0.15%
Linde 0.11%
Mondelez International 0.14%
Nestle 0.11%
Procter and Gamble 0.09%

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 Sept. 30th 2021 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
2021 8.80% 7.13%
2020 0.59% 1.07%
2019 4.26% 4.19%
2018 3.73% 4.06%
2017 4.10% 4.02%
2016 3.52% 4.2%
2015 8.10% 6.49%
2014 3.88% 2.03%
2013 6.92% 6.3%
2012 3.16% 1.53%

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 Dec. 31st 2021.

Showing the top 10 investments for this fund:

  • Cash ANZNZ (NZD)
    New Zealand Cash and Equivalents AA-
    15.88%
  • NZ Govt Inflation Linked (Sep 2030)
    New Zealand NZ Fixed Interest AAA
    2.42%
  • NZ Govt Inflation Linked (Sep 2025)
    New Zealand NZ Fixed Interest AAA
    2.08%
  • Australian Gas Networks Inflation Linked (Aug 2025)
    Australia Int Fixed Interest AA
    1.96%
  • Apt Pipelines (March 2025)
    Australia Int Fixed Interest BBB
    1.58%
  • Sydney Airport Inflation Linked (Nov 2030)
    Australia Int Fixed Interest BBB+
    1.49%
  • Kiwibank (Oct 2026)
    New Zealand NZ Fixed Interest A+
    1.38%
  • ASB (Oct 2026)
    New Zealand NZ Fixed Interest AA-
    1.29%
  • ASB Term Deposit 1.50% 12/9/2022
    New Zealand Cash and Equivalents AA-
    1.28%
  • Vector (Oct 2026)
    New Zealand NZ Fixed Interest BBB
    1.23%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Dec. 31st 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 20.0% 20.01%
New Zealand Fixed Interest 60.0% 39.63%
International Fixed Interest 0.0% 21.29%
Australasian Equities 10.0% 8.64%
International Equities 10.0% 9.82%
Listed Properties 0.0% 0.61%
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 Fri Dec. 31st 2021.

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.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.10%
  • Alcohol:
    0.35%
  • Animal Testing:
    1.25%
  • Fossil Fuels:
    4.80%
  • Gambling:
    0.47%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.81%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

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 Sept. 30th 2021 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 QuayStreet Conservative Fund invests in a diversified portfolio with an emphasis on conservative assets such as fixed interest investments. The investment objective is to provide a return above the fund’s benchmark over the long term."

Value $15M NZD
Period of data report Fri Dec. 31st 2021
Members 493
Fund started Tue Oct. 23rd 2007
Total annual fund fees 0.76%
Total performance based fees 0.0%
Manager's basic fee 0.7%
Other management and administration charges 0.06%
Total other charges 34.57
Total other charges currency NZD

Key Personnel

Andrew South

Currently: Director/Chief Investment Officer (0 years, 5 months)
Previously: Investment Manager Australasian Equities QuayStreet Asset Management Limited (7 years, 1 months)

Roy Cross

Currently: Head of Fixed Interest (0 years, 5 months)
Previously: Senior Analyst QuayStreet Asset Management Limited (7 years, 1 months)

Stefan Stevanovic

Currently: Head of International Equity (0 years, 5 months)
Previously: Senior Analyst QuayStreet Asset Management Limited (7 years, 1 months)

Xavier Waterstone

Currently: Head of Research (0 years, 5 months)
Previously: Senior Analyst QuayStreet Asset Management Limited (2 years, 11 months)

Craig Smith

Currently: Fixed Income Analyst (0 years, 5 months)
Previously: Senior Analyst Melville Douglas Investment Management (5 years, 11 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Dec. 31st 2021.

Downloads

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.