QuayStreet Conservative Fund

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Not Mindful
Type: Conservative fund
Past Returns: 3.11%

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

Annual Fees: 0.78%

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

BHP Billiton Ltd 0.28%
Apt Pipelines (March 2025) 0.19%
Santos 0.09%
South32 0.08%
Whitehaven Coal 0.03%
Beach Energy 0.03%
Exxon Mobil Corp 0.03%
Chevron Corp 0.03%
Nextera Energy Inc 0.02%
Dominion Energy Inc 0.01%

Weapons

Honeywell International Inc 0.02%
Boeing 0.02%
Raytheon Technologies Corp 0.02%
Lockheed Martin Corp 0.02%

Tobacco

Philip Morris International Inc 0.02%
Altria Group Inc 0.01%

Gambling

Aristocrat Leisure 0.13%
Crown Resorts 0.04%
Jumbo Interactive Ltd 0.03%

Alcohol

Delegat'S Group 0.05%
Graincorp 0.03%
Altria Group Inc 0.01%

GMOs

Nutrien Ltd 0.03%

Human Rights & Environmental Violations

BHP Billiton Ltd 0.28%
Rio Tinto 0.14%
Nutrien Ltd 0.03%
Johnson & Johnson 0.07%
Chevron Corp 0.03%
Duke Energy Corp 0.01%

Animal Testing

Johnson & Johnson 0.060%
Procter & Gamble 0.050%
Pepsico Inc 0.030%
Coca-Cola 0.030%
Chevron Corp 0.030%
Philip Morris International Inc 0.020%
Honeywell International Inc 0.020%
Altria Group Inc 0.010%
Colgate-Palmolive 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 31 March 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 FND825
Name QuayStreet Conservative Fund
Risk profile Conservative fund
Description A diversified portfolio, with an emphasis on fixed interest investments and less exposure to growth assets, targeting a return above the Fund’s benchmark return.
Value $15M NZD
Members 533
Market index description Market Index weighted 10% MSCI World Index (NZD), 5% S&P/NZX 50 Index, 5% S&P/ASX 200 Index, 60% S&P/NZX Investment Grade Corporate Bond Index and 20% NZX 90 day Bank Bill Index.
Disclosure Statement Period Tue March 31st 2020
Fund started Tue Oct. 23rd 2007
Three-year average return 3.11%
Market index past year return 2.57%
Past year return net charges and tax 1.07%
Past year return net of charges gross of tax 1.68%
Market index return since fund started 5.66%
Return since fund started net 3.80%
Total annual fund fees 0.78%
Total performance based fees 0.0%
Manager's basic fee 0.65%
Administration charges 0.12%
Total other charges 35.49
Total other charges currency NZD

Key Personnel

  • Andrew South

    Currently: Investment Manager Australasian Equities (5 years, 9 months)
    Previously: Chief Investment Officer, Brook Asset Management Limited (4 years, 1 months)

  • James Ring

    Currently: Investment Manager International Equities (5 years, 9 months)
    Previously: Investment Manager, Rank Group Limited (1 years, 0 months)

  • Roy Cross

    Currently: Senior Analyst (5 years, 9 months)
    Previously: Senior Analyst, Brook Asset Management Limited (8 years, 7 months)

  • Stefan Stevanovic

    Currently: Senior Analyst (5 years, 9 months)
    Previously: Research Analyst, Brook Asset Management Limited (6 years, 7 months)

  • Xavier Waterstone

    Currently: Senior Analyst (1 years, 7 months)
    Previously: Senior Analyst, Diogenes Research Pty Limited (1 years, 6 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 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% 1.07%
2019 4.40% 4.19%
2018 3.80% 4.06%
2017 4.16% 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%
2011 5.06% 4.04%

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 31 March 2020 .

Showing the top 10 investments for this fund:

  • Cash ANZNZ (NZD)
    New Zealand Cash and Equivalents
    9.57%
  • ASB Term Deposit 2.50% 30/11/2020
    New Zealand Cash and Equivalents
    8.66%
  • Ishares Core S&P 500 ETF
    United States International Equities
    4.39%
  • Msci Eafe Incl Canada Trs
    New Zealand International Equities
    2.98%
  • Sydney Airport Inflation Linked (Nov 2020)
    Australia Int Fixed Interest
    2.39%
  • Cash Citibank (USD)
    New Zealand Cash and Equivalents
    2.37%
  • Vector (Mar 2024)
    New Zealand NZ Fixed Interest
    2.14%
  • NZ Govt Inflation Linked (Sep 2025)
    New Zealand NZ Fixed Interest
    2.03%
  • Cash Citi Margin (USD)
    New Zealand Cash and Equivalents
    1.6%
  • Genesis Energy (April 2025)
    New Zealand NZ Fixed Interest
    1.55%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 31 March 2020 .

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 20.0% 29.54%
New Zealand Fixed Interest 60.0% 39.21%
International Fixed Interest 0.0% 14.91%
Australasian Equities 10.0% 7.44%
International Equities 10.0% 8.69%
Listed Properties 0.0% 0.21%
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 31 March 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:
    0.10%
  • Animal Testing:
    0.33%
  • Fossil Fuels:
    0.89%
  • Gambling:
    0.21%
  • GMOs:
    0.04%
  • Human Rights & Environmental Violations:
    0.56%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.03%
  • Weapons:
    0.10%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 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: "A diversified portfolio, with an emphasis on fixed interest investments and less exposure to growth assets, targeting a return above the Fund’s benchmark return."

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.