OneAnswer M.A.C. Conservative Fund

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Fund type: Conservative fund

Past Returns: 2.87%

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

Annual Fees: 0.87%

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

Aker BP Asa Call 3.75% 15-Jan-30 Us00973Raf01 0.01%
Aker BP Asa Call 4% 15-Jan-31 Us00973Raj23 0.01%
Ampol Ltd 0.01%
Anglo American Capital Call 4.75% 10-Apr-27 Us034863Ar12 0.01%
Anglo American Capital Call 5.625% 01-Apr-30 Us034863Aw07 0.01%
BHP Billiton Ltd 0.14%
BP Capital Markets PLC Perp Call 31-Dec-49 Us05565Qdu94 0.01%
Centrica PLC 7% 19-Sep-33 0.02%
Cheniere Energy Inc 0.03%
Dominion Energy Inc 0.04%
Dominion Energy Inc Call 2.25% 15-Aug-31 Us25746Udl08 0.03%
Enbridge Inc 0.03%
Enbridge Inc Call 27-Sep-77 Ca29250Nat24 0.01%
Eni Spa Perp Call 31-Dec-49 Xs2242929532 0.01%
Eni Spa Perp Call 31-Dec-49 Xs2242931603 0.01%
Koninklijke Vopak Nv 0.04%
Lyondellbasell Industries Class A 0.01%
Naturgy Finance Bv Call 0.75% 28-Nov-29 Xs2083976139 0.01%
OMV AG Perp Call 31-Dec-49 Xs1294343337 0.01%
OMV AG Perp Call 31-Dec-49 Xs2224439385 0.01%
Oneok Inc Call 4.55% 15-Jul-28 Us682680Au71 0.01%
Oneok Inc Call 5.2% 15-Jul-48 Us682680Av54 0.01%
Oneok Inc Call 6.35% 15-Jan-31 Us682680Be21 0.01%
Oneok Partners Lp Call 6.125% 01-Feb-41 Us68268Nag88 0.01%
Repsol Intl Finance Call 0.125% 05-Oct-24 Xs2241090088 0.01%
Repsol Intl Finance Call 2.625% 15-Apr-30 Xs2156583259 0.01%
Santos Limited 0.05%
Shell PLC 0.01%
Snam Spa 0.875% 25-Oct-26 0.01%
Suncor Energy Inc Call 5.95% 15-May-35 Us71644Eag70 0.01%
Teck Resources Limited Call 6.25% 15-Jul-41 Us878742Aw53 0.01%
Valero Energy Corp 0.01%
Williams Cos Inc 0.02%
Woodside Petroleum 0.04%

Weapons

Amphenol Corp Call 2.8% 15-Feb-30 Us032095Aj08 0.01%
Amphenol Corporation - Class A 0.04%

Gambling

Aristocrat Leisure Limited 0.03%
Flutter Entertainment PLC 0.05%
Sky City Entertainment Group 0.04%

Alcohol

Anheuser-Busch Co/Inbev Call 4.7% 01-Feb-36 Us03522Aah32 0.02%
Anheuser-Busch Inbev SA/ Call 2.875% 02-Apr-32 Be6320935271 0.01%
Carlsberg As - B Shs 0.03%
Diageo Finance PLC Call 1.25% 28-Mar-33 Xs2240066915 0.01%
Diageo Finance PLC Call 2.5% 27-Mar-32 Xs2147889690 0.01%
Diageo PLC 0.16%
Heineken Nv 0.15%
LVMH Moet Hennessy Louis Vuitton SA 0.18%
LVMH Moet Hennessy Vuitt Call 0% 11-Feb-26 Fr0013482825 0.01%
LVMH Moet Hennessy Vuitt Call 0.125% 11-Feb-28 Fr0013482833 0.01%
LVMH Moet Hennessy Vuitt Call 0.375% 11-Feb-31 Fr0013482841 0.01%
LVMH Moet Hennessy Vuitt Call 0.75% 07-Apr-25 Fr0013506508 0.01%
LVMH Moet Hennessy Vuitt Call 1.125% 11-Feb-27 Fr0013482866 0.01%
Molson Coors Beverage Co 0.01%
Pernod-Ricard SA 0.10%
Treasury Wine Estates Limited 0.02%

Human Rights & Environmental Violations

BHP Billiton Ltd 0.14%
Bayer AG 0.08%
Credit Suisse Group AG Call 01-Apr-31 Us225401Ap33 0.03%
Credit Suisse Group AG Call 02-Apr-32 Ch1174335740 0.02%
Duke Energy Corporation 0.05%
Johnson & Johnson Call 0.95% 01-Sep-27 Us478160Cp78 0.01%
Johnson & Johnson Call 4.375% 05-Dec-33 Us478160Bj28 0.01%
Motorola Solutions Inc Call 2.3% 15-Nov-30 Us620076Bt59 0.01%
Nestle Finance Intl Ltd Call 0% 14-Jun-26 Xs2350621863 0.01%
Nestle Finance Intl Ltd Call 0.375% 12-May-32 Xs2170362912 0.01%
Nestle Holdings Inc Call 1% 15-Sep-27 Us641062As38 0.01%
Nestle Holdings Inc Call 2.192% 26-Jan-29 Cau74078Cq41 0.01%
Nestle Holdings Inc Call 4% 24-Sep-48 Us641062An41 0.02%
Nestle SA 0.29%
Rio Tinto Limited 0.03%
Shell PLC 0.01%

Animal Testing

Air Liquide 0.10%
Akzo Nobel N.V 0.05%
Akzo Nobel Nv Call 1.625% 14-Apr-30 Xs2156598281 0.01%
Bayer AG 0.08%
Burberry Group PLC 0.04%
Celanese Corporation Series A 0.01%
Coca Cola Co 0.10%
Coca-Cola Co/The Call 0.125% 09-Mar-29 Xs2307863642 0.01%
Coca-Cola Co/The Call 0.375% 15-Mar-33 Xs2233155261 0.01%
Coca-Cola Co/The Call 1.625% 09-Mar-35 Xs1197833137 0.01%
Coca-Cola Co/The Call 1.75% 06-Sep-24 Us191216Cl26 0.01%
Coca-Cola Co/The Call 2.5% 01-Jun-40 Us191216Cw80 0.01%
Danone 0.09%
Danone SA Call 0.571% 17-Mar-27 Fr0013495181 0.01%
Dow Chemical Co/The Call 1.125% 15-Mar-32 Xs2122486066 0.01%
Dow Chemical Co/The Call 4.8% 15-May-49 Us260543Cv39 0.01%
Dow Chemical Co/The Call 5.55% 30-Nov-48 Us260543Cr27 0.01%
Eastman Chemical Co 0.01%
Ecolab Inc Call 1% 15-Jan-24 Xs1529859321 0.01%
Essity Aktiebolag - B Shares 0.08%
Glaxosmithkline Cap Inc Call 6.375% 15-May-38 Us377372Ae71 0.01%
Glaxosmithkline Capital 6.375% 09-Mar-39 0.01%
Glaxosmithkline PLC 0.03%
Henkel AG & Co Kgaa Call 1.25% 30-Sep-26 Xs2057835808 0.01%
Hermes International 0.02%
Hp Inc 0.02%
Hp Inc Call 6% 15-Sep-41 Us428236Br31 0.01%
Ingersoll-Rand Gl Hld Co Call 5.75% 15-Jun-43 Us45687Aag76 0.01%
Intl Flavors & Fragrances 0.05%
Johnson & Johnson Call 0.95% 01-Sep-27 Us478160Cp78 0.01%
Johnson & Johnson Call 4.375% 05-Dec-33 Us478160Bj28 0.01%
Keurig Dr Pepper Inc Call 5.085% 25-May-48 Us49271Vad29 0.01%
Kimberly-Clark Corp Call 1.05% 15-Sep-27 Us494368Cc54 0.01%
Koninklijke Dsm Nv 0.10%
LVMH Moet Hennessy Louis Vuitton SA 0.18%
LVMH Moet Hennessy Vuitt Call 0% 11-Feb-26 Fr0013482825 0.01%
LVMH Moet Hennessy Vuitt Call 0.125% 11-Feb-28 Fr0013482833 0.01%
LVMH Moet Hennessy Vuitt Call 0.375% 11-Feb-31 Fr0013482841 0.01%
LVMH Moet Hennessy Vuitt Call 0.75% 07-Apr-25 Fr0013506508 0.01%
LVMH Moet Hennessy Vuitt Call 1.125% 11-Feb-27 Fr0013482866 0.01%
Linde PLC 0.13%
Linde PLC US 0.03%
Lyondellbasell Industries Class A 0.01%
Nestle Finance Intl Ltd Call 0% 14-Jun-26 Xs2350621863 0.01%
Nestle Finance Intl Ltd Call 0.375% 12-May-32 Xs2170362912 0.01%
Nestle Holdings Inc Call 1% 15-Sep-27 Us641062As38 0.01%
Nestle Holdings Inc Call 2.192% 26-Jan-29 Cau74078Cq41 0.01%
Nestle Holdings Inc Call 4% 24-Sep-48 Us641062An41 0.02%
Nestle SA 0.29%
PPG Industries Inc 0.06%
Pepsico Inc Call 0.75% 14-Oct-33 Xs2397367421 0.01%
Pepsico Inc Call 0.875% 18-Jul-28 Xs1446746189 0.01%
Procter & Gamble Co/The 4.875% 11-May-27 0.01%
Procter & Gamble Co/The Call 0.5% 25-Oct-24 Xs1708192684 0.01%
Procter & Gamble Co/The Call 1.2% 29-Oct-30 Us742718Fm66 0.01%
Procter & Gamble Co/The Call 3% 25-Mar-30 Us742718Fh71 0.02%
Reckitt Benckiser 0.09%
Reckitt Benckiser Tsy Nl Call 0.375% 19-May-26 Xs2177013252 0.01%
Shell PLC 0.01%
Sherwin-Williams Co 0.02%
The Kraft Heinz Company 0.01%
The Mosaic Company 0.02%
Unilever Capital Corp Call 2.125% 06-Sep-29 Us904764Bh90 0.01%
Unilever Finance 1.375% 04-Sep-30 0.01%
Unilever Finance 1.375% 31-Jul-29 0.01%
Unilever Finance Call 1.25% 28-Feb-31 Xs2450200741 0.01%
Unilever Finance Call 1.75% 25-Mar-30 Xs2147133578 0.01%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 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.

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
2022 -0.26% -0.41%
2021 8.99% 7.27%
2020 0.27% 1.76%
2019 4.19% 3.79%
2018 3.39% 2.89%
2017 3.28% 2.28%
2016 2.92% 3.16%
2015 8.63% 8.54%
2014 5.69% 3.31%
2013 8.30% 6.84%

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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • USD Current Account
    United States Cash and Equivalents A-1
    2.13%
  • NZ Govt Stock 15/05/24 0.5%
    New Zealand NZ Fixed Interest AAA
    1.05%
  • ASB Registered Certificate Of Deposit 30/05/2022
    New Zealand Cash and Equivalents A-1+
    1.03%
  • ASB Registered Certificate Of Deposit 10/06/2022
    New Zealand Cash and Equivalents A-1+
    0.82%
  • NZ Govt Stock 15/04/2025 2.75%
    New Zealand NZ Fixed Interest AAA
    0.81%
  • ASB Registered Certificate Of Deposit 23/05/2022
    New Zealand Cash and Equivalents A-1+
    0.79%
  • Cash Deposit (J.P. Morgan USD)
    United States Cash and Equivalents A-1
    0.71%
  • NZ Govt Stock 15/05/2031 1.50%
    New Zealand NZ Fixed Interest AAA
    0.71%
  • NZ Govt Stock 20/04/2029 3%
    New Zealand NZ Fixed Interest AAA
    0.67%
  • NZ Govt Stock 15/04/2027 4.5%
    New Zealand NZ Fixed Interest AAA
    0.65%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 20.0% 25.45%
New Zealand Fixed Interest 15.0% 14.77%
International Fixed Interest 45.0% 36.82%
Australasian Equities 3.5% 3.6%
International Equities 13.5% 15.44%
Listed Properties 2.25% 2.87%
Unlisted Properties 0.0% 0.0%
Other 0.75% 1.03%
Commodities 0.0% 0.0%

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

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:
    0.00%
  • Alcohol:
    0.84%
  • Animal Testing:
    2.83%
  • Fossil Fuels:
    1.07%
  • Gambling:
    0.15%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.98%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.06%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 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 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 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 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 $120M NZD
Period of data report Thu March 31st 2022
Fund started Thu April 15th 2010
Total annual fund fees 0.87%
Total performance based fees 0.0%
Manager's basic fee 0.78%
Other management and administration charges 0.09%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Paul Huxford

Currently: Chief Investment Officer, New Zealand (3 years, 9 months)
Previously: Acting Chief Investment Officer, ANZ Bank New Zealand Limited (0 years, 3 months)

Alan Clarke

Currently: Co-Head of Diversified Portfolio Management (3 years, 1 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 (3 years, 1 months)
Previously: Senior Asset Allocation Manager, ANZ Bank New Zealand Limited (1 years, 8 months)

Mathew Young

Currently: Head of FX Strategy and Implementation (3 years, 1 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 (8 years, 1 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 Thu March 31st 2022.

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.