Issues of concern

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.

Key:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

    • Nestle SA-Reg 0.17%
    • Thermo Fisher Scientific Inc 0.14%
    • Credit Suisse Group AG 0.11%
    • Nestle Holdings Inc 0.04%
    • Rio Tinto Ltd 0.04%
    • Motorola Solutions Inc 0.03%
    • Caterpillar Finl Service 0.01%
    • Johnson & Johnson 0.01%
    • Wells Fargo & Company 0.01%
    • BHP Group Ltd 0.10% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Duke Energy Corp 0.05%
    • Bayer AG-Reg 0.04%
    • Shell International Fin 0.04% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • 3M Co 0.03%
    • Shell PLC 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Bunge Ltd Finance Corp 0.01%
    • Nutrien Ltd 0.01%
    • LVMH Moet Hennessy Louis Vui 0.12%
    • Air Liquide SA 0.07%
    • PPG Industries Inc 0.07%
    • Intl Flavors & Fragrances 0.05%
    • Rentokil Initial PLC 0.05%
    • Akzo Nobel N.V. 0.04%
    • Bayer AG-Reg 0.04%
    • Shell International Fin 0.04% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • 3M Co 0.03%
    • Burberry Group PLC 0.03%
    • Colgate-Palmolive Co 0.02%
    • Hermes International 0.02%
    • L'Oreal 0.02%
    • Orica Ltd 0.02%
    • Procter & Gamble Co/The 0.02%
    • Shell PLC 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Sherwin-Williams Co/The 0.02%
    • Akzo Nobel Nv 0.01%
    • Arkema 0.01%
    • Church & Dwight Co Inc 0.01%
    • Dow Chemical Co/The 0.01%
    • Intl Flavor & Fragrances 0.01%
    • Kering 0.01%
    • Koninklijke Ahold Delhaize N 0.01%
    • L'Oreal SA 0.01%
    • Nutrien Ltd 0.01%
    • Unilever Capital Corp 0.01%
    • Unilever Finance 0.01%
    • Yara International Asa 0.01%
    • Hexcel Corp 0.01%
    • Contact Energy Ltd 0.17% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.10% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Genesis Energy Ltd 0.08%
    • American Electric Power 0.05%
    • Duke Energy Corp 0.05%
    • Ameren Corporation 0.04%
    • National Grid PLC 0.04% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Nisource Inc 0.04%
    • Oneok Inc 0.04%
    • Rio Tinto Ltd 0.04%
    • Sempra Energy 0.04% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Shell International Fin 0.04% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Totalenergies Se 0.04% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Woodside Energy Group Ltd 0.04% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Cassa Depositi E Prestit 0.03%
    • Edp-Energias De Portugal SA 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Enbridge Inc 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Entergy Corp 0.03%
    • Intertek Group PLC 0.03%
    • Korea Electric Power Co 0.03%
    • Marathon Petroleum Corp 0.03%
    • Santos Ltd 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Vopak 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Woodside Finance Ltd 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Aker BP Asa 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Cheniere Energy Inc 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Dominion Energy Inc 0.02%
    • Iberdrola Intl Bv 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Orica Ltd 0.02%
    • Shell PLC 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Xcel Energy Inc 0.02%
    • Ampol Ltd 0.01%
    • BP Capital Markets PLC 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Ccep Finance Ireland Dac 0.01%
    • Edp Finance Bv 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Enel Finance Intl Nv 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Kinder Morgan Inc 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Mitsui & Co Ltd 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Nextera Energy Capital 0.01%
    • OMV AG 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Public Service Enterpris 0.01%
    • Santos Finance Ltd 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Southern Co 0.01%
    • Total SA 0.01%
    • Totalenergies Cap Intl 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Valero Energy Corp 0.01%
    • Valero Energy Partners 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 30th Sept. 2023 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.

About this fund

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 low relatively stable returns, allowing for small ups and downs in value.

Value $93.1M NZD
Period of data report 31st Dec. 2023
Fund started 15th April 2010
Total annual fund fees 0.65%
Total performance based fees 0.0%
Manager's basic fee 0.56%
Other management and administration charges 0.09%
Total other charges 0.0
Total other charges currency NZD

Mathew Young

Currently: Acting Chief Investment Officer* and Head of FX Strategy and Implementation (4 years, 10 months)
Previously: Head of Investment Implementation, ANZ Bank New Zealand Limited (2 years, 2 months)

Maaike Van Tol

Currently: Head of Asset Allocation (4 years, 10 months)
Previously: Senior Asset Allocation Manager, ANZ Bank New Zealand Limited (1 years, 8 months)

Helen Skinner

Currently: Head of Responsible Investing (1 years, 7 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 31st Dec. 2023.

Past Returns

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
2023 -1.56% -2.44%
2022 -0.50% -0.41%
2021 8.70% 7.27%
2020 -0.05% 1.76%
2019 4.31% 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%

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 31st Dec. 2023.

Top 10 Investments

  • United States Notes Fixed 1.375% - Repurchase Agreement
    United States Cash and Equivalents
    3.64%
  • United States Notes Fixed 3.5% - Repurchase Agreement
    United States Cash and Equivalents
    1.8%
  • United States Notes Fixed 2.875% - Repurchase Agreement
    United States Cash and Equivalents
    1.78%
  • New Zealand Government 14/04/2033 3.50%
    New Zealand NZ Fixed Interest AAA
    1.15%
  • ASB Registered Certificate Of Deposit 19/02/2024
    New Zealand Cash and Equivalents A-1+
    0.91%
  • New Zealand Government 15/04/2027 4.5%
    New Zealand NZ Fixed Interest AAA
    0.9%
  • Cash Deposit (J.P. Morgan USD)
    United States Cash and Equivalents A-1
    0.82%
  • New Zealand Government 20/04/2029 3%
    New Zealand NZ Fixed Interest AAA
    0.77%
  • New Zealand Government 15/05/2028 0.25%
    New Zealand NZ Fixed Interest AAA
    0.71%
  • New Zealand Government 15/04/2025 2.75%
    New Zealand NZ Fixed Interest AAA
    0.69%
Type Target Actual
Cash and Cash Equivalents 20.0% 18.97%
New Zealand Fixed Interest 15.0% 16.68%
International Fixed Interest 45.0% 46.39%
Australasian Equities 3.5% 3.42%
International Equities 13.5% 11.42%
Listed Properties 2.25% 2.38%
Unlisted Properties 0.0% 0.0%
Other 0.75% 1.03%
Commodities 0.0% 0.0%

Investment Mix

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

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2023.