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

    • Credit Suisse Group AG 0.25%
    • Meta Platforms Inc 0.18%
    • Meta Platforms Inc-Class A 0.09%
    • Nestle SA-Reg 0.05%
    • Thermo Fisher Scientific 0.05%
    • Thermo Fisher Scientific Inc 0.05%
    • Johnson & Johnson 0.04%
    • Caterpillar Inc 0.01%
    • Israel Discount Bank 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
    • Nutrien Ltd 0.06%
    • Jbs Usa/Food/Finance 0.05%
    • Bayer AG 0.04%
    • 3M Co 0.02%
    • Archer-Daniels-Midland Co 0.01%
    • Nutrien Ltd 0.06%
    • Procter & Gamble Co/The 0.06%
    • Colgate-Palmolive Co 0.05%
    • Bayer AG 0.04%
    • Ecolab Inc 0.04%
    • Kimberly-Clark Corp 0.03%
    • Unilever PLC 0.03%
    • 3M Co 0.02%
    • Air Liquide SA 0.02%
    • Dow Inc 0.02%
    • Koninklijke Ahold Delhaize N 0.02%
    • Pilgrim'S Pride Corp 0.02%
    • Symrise AG 0.02%
    • Ultrapar Particpac-Spon Adr 0.02%
    • Burberry Group PLC 0.01%
    • Estee Lauder Companies-Cl A 0.01%
    • L'Oreal 0.01%
    • Prada S.P.A. 0.01%
    • Sherwin-Williams Co 0.01%
    • Sherwin-Williams Co/The 0.01%
    • Booz Allen Hamilton Inc 0.02%
    • Kongsberg Gruppen Asa 0.01%
    • Contact Energy Ltd 0.76% 1.5°C
      This company is on a 1.5°C pathway
    • Genesis Energy Ltd 0.38%
    • Engie SA 0.22% !!
      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
    • Electricite De France SA 0.12%
    • 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
    • National Grid PLC 0.06% !!
      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
    • Sempra Energy 0.06% !!
      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 0.06%
    • Enel Finance Intl Nv 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Iberdrola SA 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Nextera Energy Inc 0.04%
    • Con Edison Co Of Ny Inc 0.03%
    • Enbw Intl Finance Bv 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Itochu Corp 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
    • Marubeni Corp 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
    • Parkland Corp 0.02%
    • Samsung C&T Corp 0.02%
    • South32 Treasury Ltd 0.02%
    • Orsted A/S 0.01% 1.5°C
      This company is on a 1.5°C pathway

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 Trust aims to provide stable returns over the short to medium term. The fund invests primarily in income assets but also has an allocation to growth assets. Volatility is expected to be higher than the Income Strategies Trust but lower than the Moderate Trust in the Westpac Active Series.

Value $137M NZD
Period of data report 30th Sept. 2023
Fund started 1st Aug. 1992
Total annual fund fees 0.71%
Total performance based fees 0.0%
Manager's basic fee 0.71%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Nigel Jackson

Currently: Chief Executive Officer – BT Funds Management (NZ) Limited (1 years, 2 months)
Previously: Head of Investments (1 years, 6 months)

Philip Houghton-Brown

Currently: Head of Investment Solutions (3 years, 0 months)
Previously: Chief Investment Officer / Head of Investments, Mercer (8 years, 2 months)

Francois Richeboeuf

Currently: Senior Manager (12 years, 11 months)
Previously: Acting Head of Investment Solutions (0 years, 8 months)

Stephen Hong

Currently: Senior Portfolio Manager (11 years, 0 months)
Previously: Portfolio Manager, AXA Global Investors (5 years, 9 months)

Angelika Sansom

Currently: Investment Analytics Manager (22 years, 1 months)
Previously: Investment Consultant, Mercer (2 years, 4 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 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% -1.27%
2022 -0.95% -1.91%
2021 8.70% 7.22%
2020 0.08% 0.15%
2019 4.31% 3.67%
2018 3.39% 3.55%
2017 3.28% 2.46%
2016 2.92% 2.6%
2015 8.63% 6.85%
2014 5.69% 3.35%

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 30th Sept. 2023.

Top 10 Investments

  • US 5Yr Note
    United States Int Fixed Interest AA+
    2.76%
  • US 2Yr Note
    United States Int Fixed Interest AA+
    2.12%
  • Euro Schatz Future
    Germany Int Fixed Interest AAA
    1.68%
  • NZ Government Bond 3.5% 14/04/2033
    New Zealand NZ Fixed Interest AAA
    0.93%
  • NZ Government Inflation Index Bond 2% 20/09/2025
    New Zealand NZ Fixed Interest AAA
    0.67%
  • NZ Government Bond 3% 20/04/2029
    New Zealand NZ Fixed Interest AAA
    0.61%
  • NZ Government Inflation Index Bond 2.5% 20/09/2035
    New Zealand NZ Fixed Interest AAA
    0.54%
  • NZ Government Bond 4.50% 15/04/2027
    New Zealand NZ Fixed Interest AAA
    0.52%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    0.51%
  • NZ Government Bond 4.25% 15/05/2034
    New Zealand NZ Fixed Interest AAA
    0.51%
Type Target Actual
Cash and Cash Equivalents 15.0% 16.21%
New Zealand Fixed Interest 29.0% 29.47%
International Fixed Interest 36.0% 36.49%
Australasian Equities 6.0% 5.95%
International Equities 12.0% 9.88%
Listed Properties 2.0% 2.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
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 30th Sept. 2023.