OneAnswer Mac Conservative Fund

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Not Mindful
Type: Conservative fund
Past Returns: 2.81%

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

Annual Fees: 1.09%

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

Allete Inc 0.02%
Atmos Energy Crop 0.03%
BHP Billiton Finance Usa Ltd Callable Notes Fixed 5% 30/Sep/2043 USD 1000 0.01%
BHP Billiton Ltd 0.13%
BP Capital Markets America Inc Callable Notes Fixed 3.79% 06/Feb/2024 USD 1000 0.01%
BP Capital Markets America Inc Callable Notes Fixed 4.234% 06/Nov/2028 USD 1000 0.02%
BP Capital Markets PLC Notes Fixed 1.876% 07/Apr/2024 EUR 1000 0.01%
Cheniere Energy Inc 0.01%
Coca Cola Co 0.04%
Coca-Cola Amatil Ltd 0.03%
Dominion Energy Inc 0.02%
Enbridge Inc 0.02%
Enel Spa 0.01%
Engie SA Callable Bond Variable Fr0013310505 0.02%
Engie SA Callable Medium Term Note Fixed 1.75% 27/Mar/2028 EUR 100000 0.01%
Eni Spa Medium Term Note Fixed 1.25% 18/May/2026 EUR 1000 0.01%
Exxon Mobil Corp Callable Notes Fixed 1.571% 15/Apr/2023 USD 1000 0.01%
Exxon Mobil Corp Callable Notes Fixed 2.992% 19/Mar/2025 USD 1000 0.02%
Genesis Energy Ltd 0.06%
Kansas City Southern 0.11%
Kinder Morgan Inc 0.02%
Koninklijke Vopak Nv 0.04%
Oil Search Limited 0.05%
Shell International Finance Bv Callable Notes Fixed 3.25% 11/May/2025 USD 1000 0.01%
Shell International Finance Bv Callable Notes Fixed 4.375% 11/May/2045 USD 1000 0.01%
Shell International Finance Bv Medium Term Note Fixed 1.125% 07/Apr/2024 EUR 10 0.01%
Total Se Callable Medium Term Note Variable Xs1974787480 0.03%
Viva Energy Group 0.03%
Williams Cos Inc 0.03%

Weapons

Amphenol Corp - Cl A 0.03%
Bae Systems PLC 0.01%
Boeing Co/The Callable Notes Fixed 4.875% 01/May/2025 USD 1000 0.01%
Boeing Co/The Callable Notes Fixed 5.805% 01/May/2050 USD 1000 0.01%
L3Harris Technologies Inc Callable Notes Fixed 4.4% 15/Jun/2028 USD 1000 0.01%
L3Harris Technologies Inc Callable Notes Fixed 5.054% 27/Apr/2045 USD 1000 0.01%
Raytheon Technologies Corp Callable Bond Fixed 2.15% 18/May/2030 EUR 1000 0.01%
Raytheon Technologies Corp Callable Notes Fixed 3.2% 15/Mar/2024 USD 1000 0.01%
Safran SA 0.03%

Tobacco

Alimentation Couche 0.06%

Gambling

Aristocrat Leisure 0.05%
Crown Resorts Ltd 0.02%
Flutter Entertainmnt 0.05%
Sky City Entertainment Group 0.05%
Tabcorp Holdings Ltd 0.01%

Alcohol

Anheuser-Busch Cos Llc / Anheuser-Busch Inbev Worldwide Inc Callable Notes Fixed 4.90% 01Feb46 0.02%
Anheuser-Busch Inbev Worldwide Inc Callable Notes Fixed 5.55% 23/Jan/2049 USD 10 0.01%
Carlsberg As - B Shs 0.03%
Coca-Cola Amatil Ltd 0.03%
Constellation Brands Inc Callable Notes Fixed 2.875% 01/May/2030 USD 1000 0.01%
Diageo PLC 0.12%
Heineken Nv 0.14%
LVMH Moet Hennessy 0.16%
Metcash Ltd 0.02%
Pernod Ricard SA Callable Notes Fixed 1.125% 07/Apr/2025 EUR 100000 0.02%
Pernod-Ricard SA 0.08%
Treasury Wine Est 0.01%

Human Rights & Environmental Violations

BHP Billiton Finance Usa Ltd Callable Notes Fixed 5% 30/Sep/2043 USD 1000 0.01%
BHP Billiton Ltd 0.13%
Duke Energy Corp 0.05%
Essity Aktiebolag-B 0.12%
Johnson & Johnson 0.07%
Nestle Finance International Ltd Callable Medium Term Note Fixed 0% 12/Nov/2024 0.02%
Nestle SA 0.23%
Sempra Energy 0.04%
Shell International Finance Bv Callable Notes Fixed 3.25% 11/May/2025 USD 1000 0.01%
Shell International Finance Bv Callable Notes Fixed 4.375% 11/May/2045 USD 1000 0.01%
Shell International Finance Bv Medium Term Note Fixed 1.125% 07/Apr/2024 EUR 10 0.01%

Animal Testing

Air Liquide 0.080%
Akzo Nobel N.V 0.070%
Bayer AG 0.080%
Burberry Group PLC 0.030%
Coca Cola Co 0.040%
Coca-Cola Amatil Ltd 0.030%
Colgate Palmolive 0.060%
Danone 0.110%
Danone SA Callable Medium Term Note Variable EUR 100000 0.010%
Eastman Chemical Co 0.010%
Ecolab Inc Callable Bond Fixed 1% 15/Jan/2024 EUR 1000 0.020%
Essity Aktiebolag-B 0.120%
Glaxosmithkline Capital Inc Callable Notes Fixed 3.375% 15/May/2023 USD 1000 0.010%
Hermes International 0.010%
Hp Inc Callable Notes Fixed 2.2% 17/Jun/2025 USD 1000 0.020%
Hp Inc Callable Notes Fixed 3.4% 17/Jun/2030 USD 1000 0.020%
Johnson & Johnson 0.070%
Koninklijke Dsm Nv 0.100%
Linde PLC 0.100%
Linde PLC US 0.030%
LVMH Moet Hennessy 0.160%
Nestle Finance International Ltd Callable Medium Term Note Fixed 0% 12/Nov/2024 0.020%
Nestle SA 0.230%
Nufarm Limited 0.020%
Pepsico Inc 0.040%
Pepsico Inc Callable Bond Fixed 0.75% 18/Mar/2027 EUR 1000 0.020%
Pepsico Inc Callable Notes Fixed 3.625% 19/Mar/2050 USD 1000 0.010%
PPG Industries Inc 0.060%
Procter & Gamble Co/The Callable Notes Fixed 2.45% 25/Mar/2025 USD 1000 0.010%
Procter & Gamble Co/The Notes Fixed 2% 16/Aug/2022 EUR 1000 0.010%
Reckitt Benckiser 0.110%
Reckitt Benckiser Treasury Services Nederland Bv Callable Notes Fixed 0.375% 19/May/2026 0.010%
Shell International Finance Bv Callable Notes Fixed 3.25% 11/May/2025 USD 1000 0.010%
Shell International Finance Bv Callable Notes Fixed 4.375% 11/May/2045 USD 1000 0.010%
Shell International Finance Bv Medium Term Note Fixed 1.125% 07/Apr/2024 EUR 10 0.010%
Sherwin-Williams Co 0.030%
Sherwin-Williams Co/The Callable Notes Fixed 2.3% 15/May/2030 USD 1000 0.010%
Unilever Nv Ord 0.050%

This data is compiled by Mindful Money from the fund information and portfolios that each 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 -0.18% 1.76%
2019 4.54% 3.79%
2018 3.22% 2.89%
2017 3.53% 2.28%
2016 2.92% 3.16%
2015 8.63% 8.54%
2014 5.69% 3.31%
2013 8.30% 6.84%
2012 2.27% 3.87%

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 fund has filed with Disclose register to Wed Sept. 30th 2020.

Showing the top 10 investments for this fund:

  • NZ Govt Stock 15/04/2037 2.75%
    New Zealand NZ Fixed Interest AA+
    1.91%
  • Cash Deposit (J.P. Morgan USD)
    United States Cash and Equivalents A-1
    1.16%
  • ASB Registered Certificate Of Deposit 19/11/2020
    New Zealand Cash and Equivalents A-1+
    1.09%
  • NZ Govt Stock 15/04/2027 4.50%
    New Zealand NZ Fixed Interest AA+
    1.05%
  • NZ Govt Stock 14/4/2033 3.50%
    New Zealand NZ Fixed Interest AA+
    1.05%
  • Rabobank Registered Certificate Of Deposit 19/10/2020
    New Zealand Cash and Equivalents A-1
    1.0%
  • NZ Govt Stock 20/04/2029 3.00%
    New Zealand NZ Fixed Interest AA+
    0.98%
  • NZ Govt Stock 15/04/2025 2.75%
    New Zealand NZ Fixed Interest AA+
    0.91%
  • NZ Govt Stock 15/5/2031 1.50%
    New Zealand NZ Fixed Interest AA+
    0.89%
  • ASB Registered Certificate Of Deposit 23/12/2020
    New Zealand Cash and Equivalents A-1+
    0.88%

This information has been sourced from the quarterly data that each 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% 21.09%
New Zealand Fixed Interest 18.0% 16.73%
International Fixed Interest 42.0% 38.89%
Australasian Equities 4.5% 5.13%
International Equities 12.5% 14.81%
Listed Properties 2.25% 2.61%
Unlisted Properties 0.0% 0.0%
Other 0.75% 0.74%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each 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:
    0.92%
  • Animal Testing:
    2.84%
  • Fossil Fuels:
    2.08%
  • Gambling:
    0.21%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    1.04%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.07%
  • Weapons:
    0.34%

This data is compiled by Mindful Money from the fund information and portfolios that each 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.

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 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 Conservative Fund invests mainly in income assets (cash and cash equivalents and fixed interest) with a smaller exposure to growth assets (equities listed property and listed infrastructure). The fund may also invest in alternative assets.The Conservative Fund aims to achieve (after the fund charge and before tax) over the long-term a modest yearly return allowing for modest movements of value up and down including occasional negative yearly returns."

Value $96M NZD
Period of data report Wed Sept. 30th 2020
Members Not provided
Fund started Thu April 15th 2010
Total annual fund fees 1.09%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Administration charges 0.09%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Paul Huxford

Currently: Chief Investment Officer New Zealand (2 years, 3 months)
Previously: Acting Chief Investment Officer ANZ Bank New Zealand Limited (0 years, 3 months)

Alan Clarke

Currently: Co-Head of Diversified Portfolio Management (1 years, 7 months)
Previously: Senior Mandate Research Manager ANZ Bank New Zealand Limited (3 years, 7 months)

Maaike Van Tol

Currently: Co-Head of Diversified Portfolio Management (1 years, 7 months)
Previously: Senior Asset Allocation Manager ANZ Bank New Zealand Limited (1 years, 8 months)

Mathew Young

Currently: Head of Investment Implementation and FX Strategy (1 years, 7 months)
Previously: Head of Investment Implementation ANZ Bank New Zealand Limited (2 years, 2 months)

Iain Cox

Currently: Head of Australasian Fixed Interest and Cash (6 years, 7 months)
Previously: Senior Fixed Interest Analyst ANZ Bank New Zealand Limited (2 years, 10 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed Sept. 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

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Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.