Issues of concern

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.

Key:

  • Adult Entertainment/Pornography
  • Alcohol
  • Animal Cruelty
  • Fossil Fuels
  • Gambling
  • GMOs
  • Human Rights & Environmental Violations
  • Palm Oil
  • Tobacco
  • Weapons

Companies of concern

    • Channel Infrastructure NZ (May 2027) 1.01%
    • BHP Billiton 0.50%
    • Contact Energy 0.40%
    • Eog Resources 0.21%
    • Exxon Mobil 0.18%
    • Mitsui & Co 0.17%
    • Dte Energy 0.14%
    • Santos 0.13%
    • South32 0.13%
    • Totalenergies 0.12%
    • Whitehaven Coal 0.08%
    • Shell PLC 0.06%
    • Beach Energy 0.04%
    • Brickworks 0.04%
    • Reliance Worldwide 0.04%
    • Channel Infrastructure NZ 0.02%
    • Walmart 0.11%
    • Aristocrat Leisure 0.17%
    • Skycity Entertainment Group 0.11%
    • Mgm Resorts International 0.08%
    • Jumbo Interactive 0.04%
    • Mgm Resorts International 0.08%
    • Diageo 0.14%
    • Delegat'S Group 0.04%
    • United Malt Grp 0.03%
    • BHP Billiton 0.50%
    • Johnson & Johnson 0.24%
    • Fmc Corp 0.12%
    • Nestle 0.11%
    • Meta Platforms 0.09%
    • Wells Fargo & Co 0.08%
    • Caterpillar 0.06%
    • Shell PLC 0.06%
    • Rio Tinto 0.05%
    • Exxon Mobil 0.18%
    • LVMH Moet Hennessy Louis Vuitton 0.14%
    • Mondelez International 0.14%
    • Fmc Corp 0.12%
    • Kimberly-Clark Corp 0.12%
    • Nestle 0.11%
    • Air Liquide 0.09%
    • Procter and Gamble 0.09%
    • L'Oreal 0.07%
    • Shell PLC 0.06%
    • Graincorp 0.05%
    • Dupont De Nemours 0.04%
    • Reliance Worldwide 0.04%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30th Sept. 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.

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

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.

About this fund

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 level of return above the fund’s benchmark over the long term.

Value $15M NZD
Period of data report 31st Dec. 2022
Members 479
Fund started 23rd Oct. 2007
Total annual fund fees 0.76%
Total performance based fees 0.0%
Manager's basic fee 0.71%
Other management and administration charges 0.05%
Total other charges 34.26
Total other charges currency NZD

Andrew South

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

Roy Cross

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

Stefan Stevanovic

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

Xavier Waterstone

Currently: Head of Research (1 years, 5 months)
Previously: Senior Analyst, QuayStreet Asset Management Limited (2 years, 11 months)

Craig Smith

Currently: Fixed Income Analyst (1 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 31st Dec. 2022.

Investment Exclusions

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).

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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

Issue of concern Does this fund say it excludes this? Actual holdings
Adult Entertainment /Pornography 0.08%
Alcohol 0.20%
Animal Cruelty 1.26%
Fossil Fuels 3.27%
Gambling 0.41%
GMOs 0.00%
Human Rights & Environmental Violations 1.31%
Palm Oil 0.00%
Tobacco 0.00%
Weapons 0.11%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30th Sept. 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 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.

Past Returns

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% -0.06%
2021 8.73% 7.13%
2020 1.42% 1.07%
2019 4.58% 4.19%
2018 3.58% 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%

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 31st Dec. 2022.

Top 10 Investments

  • Cash ANZNZ (NZD)
    New Zealand Cash and Equivalents AA-
    13.56%
  • NZ Govt Inflation Linked (Sep 2035)
    New Zealand NZ Fixed Interest AAA
    3.56%
  • NZ Govt Inflation Linked (Sep 2030)
    New Zealand NZ Fixed Interest AAA
    3.35%
  • Australian Gas Networks Inflation Linked (Aug 2025)
    Australia Int Fixed Interest AA
    2.39%
  • Vector (Oct 2026)
    New Zealand NZ Fixed Interest BBB
    1.91%
  • Apt Pipelines (March 2025)
    Australia Int Fixed Interest BBB
    1.8%
  • Sydney Airport Inflation Linked (Nov 2030)
    Australia Int Fixed Interest BBB+
    1.45%
  • ASB (Oct 2026)
    New Zealand NZ Fixed Interest AA-
    1.43%
  • Kiwibank Covered Bond (Sep 2025)
    New Zealand NZ Fixed Interest AAA
    1.41%
  • Cash Citibank (USD)
    New Zealand Cash and Equivalents BBB+
    1.39%
Type Target Actual
Cash and Cash Equivalents 20.0% 15.44%
New Zealand Fixed Interest 40.0% 41.53%
International Fixed Interest 20.0% 24.18%
Australasian Equities 10.0% 9.17%
International Equities 10.0% 9.11%
Listed Properties 0.0% 0.57%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

Investment Mix

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

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.