Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
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 0.09%
Cms Energy Corp 0.01%
Dominion Energy Inc 0.02%
Enbridge Inc 0.03%
Kinder Morgan Inc 0.04%
Koninklijke Vopak Nv 0.05%
Oil Search Limited 0.04%
Origin Energy Ltd 0.03%
Viva Energy Group 0.03%
Williams Cos Inc 0.03%
Weapons
Bae Systems PLC 0.01%
Rolls Royce Holdings 0.03%
Safran SA 0.03%
United Technologies 0.04%
Gambling
Aristocrat Leisure 0.06%
Sky City Entertainment Group 0.03%
Tabcorp Holdings Ltd 0.01%
Alcohol
Anheuser-Busch 0.03%
Carlsberg As - B Shs 0.03%
Diageo PLC 0.10%
Heineken Nv 0.08%
LVMH Moet Hennessy 0.13%
Metcash Ltd 0.03%
Pernod-Ricard SA 0.07%
Treasury Wine Est 0.02%
GMOs
Bayer AG 0.08%
Nufarm Limited 0.04%
Human Rights & Environmental Violations
BHP Billiton Ltd 0.09%
Duke Energy Corp 0.04%
Essity Aktiebolag-B 0.12%
Johnson & Johnson 0.07%
Nestle SA 0.20%
Rio Tinto Limited 0.06%
Sempra Energy 0.03%
Animal Testing
Air Liquide 0.070%
Akzo Nobel N.V 0.050%
Bayer AG 0.080%
Burberry Group PLC 0.020%
Coca Cola Co 0.040%
Colgate Palmolive 0.060%
Danone 0.070%
Essity Aktiebolag-B 0.120%
Johnson & Johnson 0.070%
Koninklijke Dsm Nv 0.070%
LVMH Moet Hennessy 0.130%
Nestle SA 0.200%
Pepsico Inc 0.030%
PPG Industries Inc 0.050%
Reckitt Benckiser 0.100%
Unilever Nv Ord 0.060%
Walgreens Boots Alli 0.010%
This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 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.
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% |
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 Tue June 30th 2020.
Showing the top 10 investments for this fund:
-
NZ Govt Stock 15/04/2037 2.75%
New Zealand NZ Fixed Interest AA+1.63% -
ASB Registered Certificate Of Deposit 28/08/2020
New Zealand Cash and Equivalents A-1+1.45% -
ASB Registered Certificate Of Deposit 25/09/2020
New Zealand Cash and Equivalents A-1+1.44% -
NZ Govt Stock 20/04/2029 3%
New Zealand NZ Fixed Interest AA+1.4% -
BNZ Registered Certificate Of Deposit 12/08/2020
New Zealand Cash and Equivalents A-1+1.25% -
NZ Govt Stock 15/04/2025 2.75%
New Zealand NZ Fixed Interest AA+1.16% -
Cash Deposit (J.P. Morgan USD)
United States Cash and Equivalents A-11.15% -
NZ Govt Stock 15/05/2031 1.50%
New Zealand NZ Fixed Interest AA+1.12% -
ASB Registered Certificate Of Deposit 15/09/2020
New Zealand Cash and Equivalents A-1+1.03% -
NZ Govt Stock 14/04/2033 3.50%
New Zealand NZ Fixed Interest AA+0.99%
This information has been sourced from the quarterly data that each fund has filed with Disclose register Tue June 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% | 20.76% |
| New Zealand Fixed Interest | 18.0% | 16.98% |
| International Fixed Interest | 42.0% | 39.52% |
| Australasian Equities | 4.5% | 5.42% |
| International Equities | 12.5% | 14.11% |
| Listed Properties | 2.25% | 2.42% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.75% | 0.79% |
| Commodities | 0.0% | 0.0% |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 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 concernDoes this fund say it excludes this?Actual holdings
-
Adult Entertainment/Pornography:0.00%
-
Alcohol:0.50%
-
Animal Testing:1.33%
-
Fossil Fuels:0.49%
-
Gambling:0.12%
-
GMOs:0.12%
-
Human Rights & Environmental Violations:0.65%
-
Palm Oil:0.00%
-
Tobacco:0.00%
-
Weapons:0.15%
This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 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 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 | $86M NZD |
| Period of data report | Tue June 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, 0 months) |
|
Alan Clarke |
Currently: Co-Head of Diversified Portfolio Management (1 years, 4 months) |
|
Maaike Van Tol |
Currently: Co-Head of Diversified Portfolio Management (1 years, 4 months) |
|
Mathew Young |
Currently: Head of Investment Implementation and FX Strategy (1 years, 4 months) |
|
Iain Cox |
Currently: Australasian Head of Fixed Interest and Cash (6 years, 4 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 2020.
Downloads
Download the fund's disclosure statement and portfolio holdings.
