QuayStreet Conservative Fund

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

Apt Pipelines (March 2025) 1.92%
Beach Energy 0.03%
BHP Billiton Ltd 0.34%
Brickworks 0.04%
Chevron Corp 0.03%
Coca-Cola 0.03%
Dominion Energy Inc 0.01%
Exxon Mobil Corp 0.03%
Genesis Energy (April 2025) 1.27%
Genesis Energy (Jul 2022) 0.10%
Genesis Energy (Mar 2023) 0.65%
Nextera Energy Inc 0.02%
Norfolk Southern Corp 0.01%
Portland General Electric Co 0.04%
Reliance Industries Ltd 0.03%
Rio Tinto 0.15%
Santos 0.12%
South32 0.10%
Whitehaven Coal 0.02%

Weapons

Boeing 0.02%
Honeywell International Inc 0.02%
Lockheed Martin Corp 0.01%
Raytheon Technologies Corp 0.02%

Tobacco

Altria Group Inc 0.01%
Philip Morris International Inc 0.02%

Gambling

Aristocrat Leisure 0.19%
Crown Resorts 0.04%
Jumbo Interactive Ltd 0.06%

Alcohol

Delegat'S Group 0.08%
Graincorp 0.03%

Human Rights & Environmental Violations

BHP Billiton Ltd 0.34%
Chevron Corp 0.03%
Duke Energy Corp 0.01%
Johnson & Johnson 0.06%
Nutrien Ltd 0.06%
Rio Tinto 0.15%

Animal Testing

Air Products and Chemicals Inc 0.010%
Altria Group Inc 0.010%
Chevron Corp 0.030%
Coca-Cola 0.030%
Colgate-Palmolive 0.010%
Honeywell International Inc 0.020%
Johnson & Johnson 0.060%
Linde PLC 0.090%
Mondelez International Inc Class A 0.010%
Nutrien Ltd 0.060%
Pepsico Inc 0.030%
Philip Morris International Inc 0.020%
Procter & Gamble 0.060%
Reliance Industries Ltd 0.030%
Sherwin Williams 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 Wed Sept. 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, Sustainalytics and research organisations.

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
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 Wed Sept. 30th 2020.

Showing the top 10 investments for this fund:

Cash ANZNZ (NZD)
New Zealand Cash and Equivalents AA-

11.15%
ASB Term Deposit 2.50% 30/11/2020
New Zealand Cash and Equivalents AA-

7.56%
Ishares Core S&P 500 ETF
United States International Equities

5.02%
Msci Eafe Incl Canada Trs
New Zealand International Equities

3.07%
Sydney Airport Inflation Linked (Nov 2020)
Australia Int Fixed Interest BBB+

1.97%
Apt Pipelines (March 2025)
Australia Int Fixed Interest BBB

1.92%
BNZ (Feb 2024)
New Zealand NZ Fixed Interest AA-

1.83%
Vector (Mar 2024)
New Zealand NZ Fixed Interest BBB

1.76%
Cash Citibank (USD)
New Zealand Cash and Equivalents BBB+

1.62%
NZ Govt Inflation Linked (Sep 2030)
New Zealand NZ Fixed Interest AA+

1.62%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed Sept. 30th 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%	23.06%
New Zealand Fixed Interest	60.0%	38.82%
International Fixed Interest	0.0%	18.89%
Australasian Equities	10.0%	8.36%
International Equities	10.0%	10.47%
Listed Properties	0.0%	0.4%
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 Wed Sept. 30th 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:

0.12%
Animal Testing:

0.63%
Fossil Fuels:

5.06%
Gambling:

0.29%
GMOs:

0.00%
Human Rights & Environmental Violations:

0.67%
Palm Oil:

0.00%
Tobacco:

0.03%
Weapons:

0.13%

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

Value	$15M NZD
Period of data report	Wed Sept. 30th 2020
Members	531
Fund started	Tue Oct. 23rd 2007
Total annual fund fees	0.78%
Total performance based fees	0.0%
Manager's basic fee	0.66%
Administration charges	0.12%
Total other charges	35.49
Total other charges currency	NZD

Key Personnel

James Ring	Currently: Investment Manager International Equities (6 years, 3 months) Previously: Investment Manager Rank Group Limited (1 years, 0 months)
Andrew South	Currently: Investment Manager Australasian Equities (6 years, 3 months) Previously: Chief Investment Officer Brook Asset Management Limited (4 years, 1 months)
Roy Cross	Currently: Senior Analyst (6 years, 3 months) Previously: Senior Analyst Brook Asset Management Limited (8 years, 7 months)
Stefan Stevanovic	Currently: Senior Analyst (6 years, 3 months) Previously: Research Analyst Brook Asset Management Limited (6 years, 7 months)
Xavier Waterstone	Currently: Senior Analyst (2 years, 1 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 Wed Sept. 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.