ANZ 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

Contact Energy 0.15%
BHP Billiton Ltd 0.13%
Woodside Energy Group 0.07%
American Electric Power 0.05%
Santos Limited 0.05%
Dominion Energy Inc 0.04%
Duke Energy Corporation 0.04%
Entergy Corp 0.04%
Sempra 0.04%
Cheniere Energy Inc 0.03%
Dominion Energy Inc Callable Notes Fixed 2.25% 15-Aug-31 Us25746Udl08 0.03%
Enbridge Inc 0.03%
Genesis Energy Ltd 0.03%
Genesis Energy Ltd 14/03/28 4.17% 0.03%
Koninklijke Vopak Nv 0.03%
National Grid PLC 0.03%
Nisource Inc 0.03%
Shell International Finance Bv Callable Notes 3.25% 11-May-25 Us822582Bd31 0.03%
Contact Energy 11/04/2028 5.82% Nzcend0070L8 0.02%
Edp-Energias De Portugal SA 0.02%
Eqt Ab Callable Bond Fixed 2.375% 06/Apr/2028 EUR Xs2463988795 0.02%
Marathon Petroleum Corp Callable Notes Fixed 4.7% 01-May-25 Us56585Abh41 0.02%
Nextera Energy Capital Holdings Inc Callable Notes 2.94% 21-Mar-24 Us65339Kcd00 0.02%
Nextera Energy Capital Holdings Inc Callable Notes 4.625% 15-Jul-27 Us65339Kch14 0.02%
Nisource Inc Callable Notes Fixed 4.8% 15/Feb/2044 Us65473Qbc69 0.02%
Phillips 66 Co Callable Notes Fixed 3.75% 01-Mar-28 Us718547Ag74 0.02%
Shell International Fin S:Emtn C:Company Guarnt Bg0Tqz5 0.02%
Southern Co/The Callable Notes Fixed 3.25% 01-Jul-26 Us842587Cv72 0.02%
Totalenergies Se Callable Medium Term Note 04-Apr-71 04-Apr-71 Xs1974787480 0.02%
Totalenergies Se Callable Medium Term Note 26-Feb-71 26-Feb-71 Xs1195202822 0.02%
Valero Energy Corp 0.02%
Williams Cos Inc 0.02%
Aker BP Asa Callable Notes Fixed 3.75% 15/Jan/2030 Us00973Raf01 0.01%
Ameren Corp Callable Notes Fixed 3.5% 15/Jan/2031 Us023608Aj15 0.01%
Ampol Ltd 0.01%
Atmos Energy Corp Callable Notes Fixed 3% 15-Jun-27 Us049560An51 0.01%
BP Capital Markets PLC Callable Notes Variable USD 22-Dec-70 22-Dec-70 Us05565Qdv77 0.01%
BP Capital Markets PLC Callable Notes Variable USD 22-Sep-71 22-Sep-71 Us05565Qdu94 0.01%
Berkshire Hathaway Energy Co Callable Notes Fixed 3.7% 15-Jul-30 Us084659Av35 0.01%
Berkshire Hathaway Energy Co Callable Notes Fixed 4.05% 15-Apr-25 Us084659At88 0.01%
Ccep Finance Ireland Dac Callable Bond Fixed 0.875% 06-May-33 Xs2337061753 0.01%
China Petroleum & Chemical 0.01%
Dominion Energy Inc Callable Notes Fixed 3.375% 01-Apr-30 Us25746Udg13 0.01%
Edp - Energias De Portugal SA Callable Medium Term 1.625% 15-Apr-27 Ptedpnom0015 0.01%
Enel Finance International Nv Medium Term Note 5.75% 14-Sep-40 Xs0452187320 0.01%
Enel Spa Callable Notes Variable EUR 1000 24-May-71 24-May-71 Xs2000719992 0.01%
Engie SA Callable Medium Term Note Fixed 1.75% 27-Mar-28 Fr0013504677 0.01%
Hf Sinclair Corporation 0.01%
Iberdrola Finanzas SA Medium Term Note Fixed 7.375% 29-Jan-24 Xs0410370919 0.01%
Iberdrola International Bv Callable Notes Variable 12-Feb-71 12-Feb-71 Xs1890845875 0.01%
Kinder Morgan Inc Callable Notes Fixed 1.75% 15-Nov-26 Us49456Bau52 0.01%
Lyondellbasell Industries Class A 0.01%
Marathon Petroleum Corp 0.01%
Naturgy Finance Bv Callable Medium Term Note Fixed 0.75% 28-Nov-29 Xs2083976139 0.01%
Naturgy Finance Bv Callable Medium Term Note Fixed 0.875% 15-May-25 Xs1718393439 0.01%
Nextera Energy Capital Holdings Inc Callable Bond 01-May-79 01-May-79 Us65339Kbk51 0.01%
OMV AG Callable Bond Variable EUR 1000 09-Dec-70 09-Dec-70 Xs1294343337 0.01%
OMV AG Callable Notes Variable EUR 100000 01-Sep-71 01-Sep-71 Xs2224439385 0.01%
Oneok Inc Callable Notes Fixed 4.55% 15/Jul/2028 Us682680Au71 0.01%
Oneok Inc Callable Notes Fixed 5.2% 15/Jul/2048 Us682680Av54 0.01%
Oneok Inc Callable Notes Fixed 6.35% 15/Jan/2031 Us682680Be21 0.01%
SA Global Sukuk Ltd Callable Notes Fixed 2.694% 17-Jun-31 Xs2352862119 0.01%
Shell International Finance Bv Callable Notes 6.375% 15-Dec-38 Us822582Ad40 0.01%
Shell PLC 0.01%
Southern Co/The Callable Notes Variable 15-Jan-51 15-Jan-51 Us842587Df14 0.01%
Totalenergies Se Callable Medium Term Note 06-Oct-70 06-Oct-70 Xs1501166869 0.01%
Wec Energy Group Inc Callable Notes Fixed 1.375% 15-Oct-27 Us92939Uad81 0.01%

Weapons

Walmart De Mexico Sab De 0.05%
Amphenol Corporation - Class A 0.04%
Dicks Sporting Goods Inc. 0.01%

Gambling

Flutter Entertainment PLC 0.06%
Sky City Entertainment Group 0.05%
Aristocrat Leisure Limited 0.03%
Sky City Ltd 0.02%
The Lottery Corp Ltd 0.02%
Vici Properties Lp / Vici Note Co Inc Callable 5.625% 01-May-24 Us92564Raf29 0.01%

Alcohol

Heineken Nv 0.17%
Diageo PLC 0.14%
Pernod-Ricard SA 0.10%
Treasury Wine Estates Limited 0.04%
Carlsberg As - B Shs 0.03%
Anheuser-Busch Cos Llc / Anheuser-Busch Inbev 4.7% 01-Feb-36 Us03522Aah32 0.02%
Anheuser-Busch Inbev SA/Nv Callable Medium Term 2.875% 02-Apr-32 Be6320935271 0.01%
Brown-Forman Corp Callable Notes Fixed 4% 15-Apr-38 Us115637At79 0.01%
Diageo Finance PLC Callable Medium Term Note Fixed 2.5% 27-Mar-32 Xs2147889690 0.01%
Molson Coors Beverage Co 0.01%

Human Rights & Environmental Violations

Nestle SA 0.26%
Thermo Fisher Scientific Inc 0.20%
BHP Billiton Ltd 0.13%
Wells Fargo & Co Callable Medium Term Note 24-Mar-28 24-Mar-28 Us95000U2V48 0.08%
Bayer AG 0.07%
Credit Suisse Group AG Callable Notes Variable 01-Apr-31 01-Apr-31 Us225401Ap33 0.04%
Credit Suisse Group AG Callable Notes Variable 02-Apr-32 02-Apr-32 Ch1174335740 0.04%
Duke Energy Corporation 0.04%
Rio Tinto Limited 0.04%
Shell International Finance Bv Callable Notes 3.25% 11-May-25 Us822582Bd31 0.03%
Archer-Daniels-Midland Co Callable Notes Fixed 2.9% 01-Mar-32 Us039482Ad67 0.02%
Caterpillar Financial Services Corp Callable 0.8% 13-Nov-25 Us14913R2H93 0.02%
Credit Suisse Group AG Callable Notes Variable 11-Aug-28 11-Aug-28 Us225401Av01 0.02%
Johnson & Johnson Callable Notes Fixed 0.95% 01-Sep-27 Us478160Cp78 0.02%
Nestle Holdings Inc Callable Notes Fixed 4% 24-Sep-48 Us641062An41 0.02%
Shell International Fin S:Emtn C:Company Guarnt Bg0Tqz5 0.02%
China Petroleum & Chemical 0.01%
Credit Suisse Group AG Callable Notes Variable 12-Aug-33 12-Aug-33 Us225401Az15 0.01%
Motorola Solutions Inc Callable Notes Fixed 2.3% 15-Nov-30 Us620076Bt59 0.01%
Motorola Solutions Inc Callable Notes Fixed 4.6% 23-Feb-28 Us620076Bl24 0.01%
Motorola Solutions Inc Callable Notes Fixed 4.6% 23-May-29 Us620076Bn89 0.01%
Nestle Finance International Ltd Callable Medium 0% 14-Jun-26 Xs2350621863 0.01%
Nestle Holdings Inc Callable Medium Term Note 2.192% 26-Jan-29 Cau74078Cq41 0.01%
Nestle Holdings Inc Callable Notes Fixed 0.625% 15-Jan-26 Us641062Ar54 0.01%
Nestle Holdings Inc Callable Notes Fixed 1% 15-Sep-27 Us641062As38 0.01%
Nutrien Ltd Callable Bond Fixed 6.125% 15/Jan/2041 Us67077Maq15 0.01%
Nutrien Ltd Callable Notes Fixed 3% 01/Apr/2025 Us67077Mad02 0.01%
Shell International Finance Bv Callable Notes 6.375% 15-Dec-38 Us822582Ad40 0.01%
Shell PLC 0.01%
Wells Fargo & Co Callable Notes Variable 31-Oct-23 31-Oct-23 Us949746Sj14 0.01%

Animal Testing

Nestle SA 0.26%
LVMH Moet Hennessy Louis Vuitton SA 0.18%
Danone 0.10%
Coca Cola Co 0.09%
Koninklijke Dsm Nv 0.09%
Air Liquide 0.08%
3M Company 0.07%
Bayer AG 0.07%
PPG Industries Inc 0.07%
Rentokil Initial PLC 0.05%
Akzo Nobel N.V 0.04%
Burberry Group PLC 0.04%
Colgate Palmolive Co 0.04%
Shell International Finance Bv Callable Notes 3.25% 11-May-25 Us822582Bd31 0.03%
Archer-Daniels-Midland Co Callable Notes Fixed 2.9% 01-Mar-32 Us039482Ad67 0.02%
Celanese US Holdings Llc Callable Notes Fixed 6.05% 15-Mar-25 Us15089Qal86 0.02%
Hermes International 0.02%
Keurig Dr Pepper Inc Callable Notes Fixed 4.05% 15-Apr-32 Us49271Vaq32 0.02%
Keurig Dr Pepper Inc Callable Notes Fixed 4.5% 15-Apr-52 Us49271Var15 0.02%
Koninklijke Ahold Delhaize Nv 0.02%
Nestle Holdings Inc Callable Notes Fixed 4% 24-Sep-48 Us641062An41 0.02%
Orica Ltd 0.02%
Pepsico Inc Callable Notes Fixed 1.625% 01-May-30 Us713448Ez78 0.02%
Procter & Gamble Co/The Callable Notes Fixed 1.9% 01-Feb-27 Us742718Fv65 0.02%
Procter & Gamble Co/The Callable Notes Fixed 3% 25-Mar-30 Us742718Fh71 0.02%
Shell International Fin S:Emtn C:Company Guarnt Bg0Tqz5 0.02%
Sherwin-Williams Co 0.02%
3M Co Callable Medium Term Note Fixed 1.5% 02-Jun-31 Xs1421915049 0.01%
3M Co Callable Medium Term Note Fixed 5.7% 15-Mar-37 Us88579Eac93 0.01%
Aker BP Asa Callable Notes Fixed 3.75% 15/Jan/2030 Us00973Raf01 0.01%
Akzo Nobel Nv Callable Medium Term Note Fixed 1.625% 14-Apr-30 Xs2156598281 0.01%
Campbell Soup Co Callable Notes Fixed 4.8% 15-Mar-48 Us134429Bh18 0.01%
China Petroleum & Chemical 0.01%
Coca-Cola Co/The Callable Notes Fixed 0.125% 09-Mar-29 Xs2307863642 0.01%
Coca-Cola Co/The Callable Notes Fixed 1.75% 06-Sep-24 Us191216Cl26 0.01%
Coca-Cola Co/The Callable Notes Fixed 2.5% 01-Jun-40 Us191216Cw80 0.01%
Danone SA Callable Medium Term Note Fixed 0.571% 17-Mar-27 Fr0013495181 0.01%
Dow Chemical Co/The Callable Notes Fixed 5.55% 30-Nov-48 Us260543Cr27 0.01%
International Flavors & Fragrances Inc Callable 2.3% 01-Nov-30 Us459506Aq49 0.01%
Kering SA Callable Medium Term Note Fixed 1.25% 05-May-25 Fr001400A5N5 0.01%
Kering SA Callable Medium Term Note Fixed 1.25% 10-May-26 Fr0013165677 0.01%
LVMH Moet Hennessy Louis Vuitton Se Callable 0% 11-Feb-26 Fr0013482825 0.01%
LVMH Moet Hennessy Louis Vuitton Se Callable 0.75% 07-Apr-25 Fr0013506508 0.01%
LVMH Moet Hennessy Louis Vuitton Se Callable 1.125% 11-Feb-27 Fr0013482866 0.01%
LVMH Moet Hennessy Louis Vuitton Se Callable Notes 0.125% 11-Feb-28 Fr0013482833 0.01%
Lyondellbasell Industries Class A 0.01%
Molson Coors Beverage Co 0.01%
Nestle Finance International Ltd Callable Medium 0% 14-Jun-26 Xs2350621863 0.01%
Nestle Holdings Inc Callable Medium Term Note 2.192% 26-Jan-29 Cau74078Cq41 0.01%
Nestle Holdings Inc Callable Notes Fixed 0.625% 15-Jan-26 Us641062Ar54 0.01%
Nestle Holdings Inc Callable Notes Fixed 1% 15-Sep-27 Us641062As38 0.01%
Nutrien Ltd Callable Bond Fixed 6.125% 15/Jan/2041 Us67077Maq15 0.01%
Nutrien Ltd Callable Notes Fixed 3% 01/Apr/2025 Us67077Mad02 0.01%
PPG Industries Inc Callable Bond Fixed 0.875% 03-Nov-25 Xs1405769487 0.01%
Pepsico Inc Callable Notes Fixed 0.75% 14/Oct/2033 Xs2397367421 0.01%
Procter & Gamble Co/The Callable Notes Fixed 1.2% 29-Oct-30 Us742718Fm66 0.01%
Procter & Gamble Co/The Notes Fixed 4.875% 11-May-27 Xs0300113254 0.01%
Rentokil Initial Finance Bv Callable Medium Term 4.375% 27-Jun-30 Xs2494946820 0.01%
Shell International Finance Bv Callable Notes 6.375% 15-Dec-38 Us822582Ad40 0.01%
Shell PLC 0.01%
Sherwin-Williams Co/The Callable Notes Fixed 2.3% 15-May-30 Us824348Bl99 0.01%
Sherwin-Williams Co/The Callable Notes Fixed 2.95% 15-Aug-29 Us824348Bj44 0.01%
The Kraft Heinz Company 0.01%
The Mosaic Company 0.01%
Unilever Capital Corp Callable Notes Fixed 2.125% 06-Sep-29 Us904764Bh90 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 Fri Sept. 30th 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.

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 Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • USD Current Accounts (Jpm)
    United States Cash and Equivalents A-1
    2.61%
  • New Zealand Government 15/05/2024 0.5%
    New Zealand NZ Fixed Interest AAA
    1.39%
  • Cash Deposit (J.P. Morgan USD)
    United States Cash and Equivalents A-1
    1.08%
  • ASB Registered Certificate Of Deposit 16/12/2022
    New Zealand Cash and Equivalents A-1+
    0.87%
  • New Zealand Government 15/04/2025 2.75%
    New Zealand NZ Fixed Interest AAA
    0.82%
  • New Zealand Government 20/04/2029 3%
    New Zealand NZ Fixed Interest AAA
    0.77%
  • New Zealand Government 15/05/2031 1.50%
    New Zealand NZ Fixed Interest AAA
    0.76%
  • New Zealand Government 15/04/2027 4.5%
    New Zealand NZ Fixed Interest AAA
    0.74%
  • ASB Registered Certificate Of Deposit 13/12/2022
    New Zealand Cash and Equivalents A-1+
    0.68%
  • Tba Umbs Single Family 30Yr 4.0 11/2022
    United States Int Fixed Interest AAA
    0.66%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Fri Sept. 30th 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% 19.95%
New Zealand Fixed Interest 15.0% 16.2%
International Fixed Interest 45.0% 42.31%
Australasian Equities 3.5% 3.71%
International Equities 13.5% 14.21%
Listed Properties 2.25% 2.66%
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 Fri Sept. 30th 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).

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:
    0.00%
  • Alcohol:
    0.60%
  • Animal Testing:
    2.55%
  • Fossil Fuels:
    1.99%
  • Gambling:
    0.20%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    1.42%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.12%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Fri Sept. 30th 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 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 $98M NZD
Period of data report Fri Sept. 30th 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 (4 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 (3 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 (3 years, 7 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, 7 months)
Previously: Head of Investment Implementation, ANZ Bank New Zealand Limited (2 years, 2 months)

Helen Skinner

Currently: Head of Responsible Investing (0 years, 4 months)
Previously: Head of Emerging Wealth, Craigs Investment Partners (1 years, 2 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 2022.

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 Markets Conduct Act 2013 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.