Westpac Conservative Trust

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Type: Conservative fund
Past Returns: 3.68%

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

Annual Fees: 1.12%

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

Aes Corporation 3.95% 15-Jul-2030 0.03%
Aker BP Asa 3.0% 15-Jan-2025 0.01%
Aker BP Asa 3.75% 15-Jan-2030 0.04%
Anglo American PLC 0.01%
BP Capital Markets PLC 3.625% Perp 0.02%
BP Capital Markets PLC 4.25% Perp 0.02%
BP Capital Markets PLC 4.375% Perp 0.03%
BP Capital Markets PLC 4.875% Perp 0.03%
Cms Energy Corporation 4.75% 01-Jun-2050 0.01%
Coca-Cola Company 1.0% 15-Mar-2028 0.04%
Dominion Energy Gas Holdings Llc 3.55% 01-Nov-2023 0.02%
Dominion Energy, Inc. 2.45% 15-Jan-2023 0.07%
Dominion Energy, Inc. 4.25% 01-Jun-2028 0.02%
Electricite De France SA 2.0% 09-Dec-2049 0.02%
Electricite De France SA 3.0% Perp 0.02%
Electricite De France SA 3.375% Perp 0.02%
Electricite De France SA 5.375% Perp 0.05%
Electricite De France SA 5.875% Perp 0.03%
Enbridge Inc. 5.75% 15-Jul-2080 0.03%
Engie SA. 0.375% 11-Jun-2027 0.09%
Firstenergy Corp. 7.375% 15-Nov-2031 0.02%
Genesis Energy Ltd 0.03%
Hess Corporation 3.5% 15-Jul-2024 0.02%
Kinder Morgan, Inc. 5.0% 15-Feb-2021 0.05%
Kinder Morgan, Inc. 5.625% 15-Nov-2023 0.01%
Mplx Lp 4.125% 01-Mar-2027 0.02%
Nextera Energy Capital Holdings, Inc. 2.75% 01-May-2025 0.04%
Nextera Energy Capital Holdings, Inc. 2.75% 01-Nov-2029 0.02%
Nextera Energy, Inc. 0.02%
Pioneer Natural Resources Company 1.9% 15-Aug-2030 0.03%
Repsol International Finance Bv 3.75% Perp 0.02%
Rio Tinto Ltd 0.04%
Rio Tinto PLC 0.01%
Williams Companies, Inc. 4.55% 24-Jun-2024 0.02%
Wintershall Dea Finance Bv 0.84% 25-Sep-2025 0.04%
Wintershall Dea Finance Bv 1.332% 25-Sep-2028 0.02%
Wintershall Dea Finance Bv 1.823% 25-Sep-2031 0.02%
Wintershall Dea Gmbh 0.452% 25-Sep-2023 0.04%
Xcel Energy Inc. 3.4% 01-Jun-2030 0.03%
Xcel Energy Inc. 4.0% 15-Jun-2028 0.02%

Weapons

Amphenol Corporation Class A 0.02%
Navistar International Corporation 0.01%

Tobacco

Alimentation Couche-Tard Inc. 3.8% 25-Jan-2050 0.03%

Gambling

Aristocrat Leisure Ltd 0.03%
Sky City Entertainment Group 0.13%

Alcohol

Anheuser-Busch Cos. Llc 3.65% 01-Feb-2026 0.06%
Anheuser-Busch Inbev SA/Nv 2.125% 02-Dec-2027 0.04%
Anheuser-Busch Inbev SA/Nv 3.7% 02-Apr-2040 0.04%
Anheuser-Busch Inbev Worldwide, Inc. 4.15% 23-Jan-2025 0.04%
Anheuser-Busch Inbev Worldwide, Inc. 5.55% 23-Jan-2049 0.03%
Carlsberg A/S Class B 0.01%
Diageo PLC 0.04%
Heineken Nv 0.03%
Heineken Nv 1.0% 04-May-2026 0.02%
Heineken Nv 2.25% 30-Mar-2030 0.01%
LVMH Moet Hennessy Louis Vuitton Se 0.05%
Pernod Ricard SA 0.03%

Palm Oil

Human Rights & Environmental Violations

Freeport-Mcmoran, Inc. 0.01%
Johnson & Johnson 0.03%
Nestle S.A. 0.06%
Rio Tinto Ltd 0.04%
Rio Tinto PLC 0.01%
Sempra Energy 4.875% Perp 0.04%

Animal Testing

Air Liquide SA 0.020%
Akzo Nobel N.V. 0.020%
Bayer AG 0.040%
Clorox Company 3.05% 15-Sep-2022 0.040%
Coca-Cola Company 1.0% 15-Mar-2028 0.040%
Colgate-Palmolive Company 0.030%
Danone SA 0.040%
Estee Lauder Companies Inc. Class A 0.020%
Fancl Corporation 0.010%
Hermes International Sca 0.010%
Hp Inc. 0.010%
Johnson & Johnson 0.030%
LVMH Moet Hennessy Louis Vuitton Se 0.050%
Linde PLC 0.050%
Mondelez International Holdings Netherlands Bv 2.0% 28-Oct-2021 0.050%
Mondelez International Holdings Netherlands Bv 2.125% 19-Sep-2022 0.050%
Mondelez International, Inc. 1.5% 04-May-2025 0.010%
Mondelez International, Inc. 2.75% 13-Apr-2030 0.030%
Mondelez International, Inc. Class A 0.010%
Nestle S.A. 0.060%
PPG Industries, Inc. 0.030%
Procter & Gamble Company 0.020%
Reckitt Benckiser Group PLC 0.040%
Reckitt Benckiser Treasury Services (Nederland) Bv 0.375% 19-May-2026 0.030%
Svenska Cellulosa Aktiebolaget Class B 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 Thu Dec. 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, 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
2021 8.21% 7.22%
2020 -0.29% 0.15%
2019 4.31% 3.67%
2018 3.09% 3.55%
2017 3.28% 2.46%
2016 2.92% 2.6%
2015 8.63% 6.85%
2014 5.69% 3.35%
2013 8.30% 6.23%
2012 2.27% 2.08%

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 Wed March 31st 2021.

Showing the top 10 investments for this fund:

  • US 5Yr Note (Cbt)
    United States Int Fixed Interest
    2.36%
  • US 2Yr Note (Cbt)
    United States Int Fixed Interest
    1.21%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    1.0%
  • K2 Alternative Strategies NZ Portfolio
    Cayman Islands Other
    0.96%
  • Euro Schatz Future
    Germany Int Fixed Interest
    0.87%
  • Westpac 32 Day Notice Deposit
    New Zealand Cash and Equivalents AA-
    0.7%
  • NZ Government Bond 4.50% 15/04/2027
    New Zealand NZ Fixed Interest AAA
    0.66%
  • Government Of The United States Of America 0.5% 31-Mar-2025
    United States Int Fixed Interest AA+
    0.57%
  • NZ Government Bond 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AAA
    0.57%
  • NZ Government Bond 1.5% 15/05/2031
    New Zealand NZ Fixed Interest AAA
    0.55%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed March 31st 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 15.0% 17.21%
New Zealand Fixed Interest 31.0% 29.25%
International Fixed Interest 34.0% 32.23%
Australasian Equities 7.0% 7.39%
International Equities 9.0% 10.01%
Listed Properties 3.0% 2.91%
Unlisted Properties 0.0% 0.0%
Other 1.0% 1.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 2021.

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 concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.43%
  • Animal Testing:
    0.95%
  • Fossil Fuels:
    1.35%
  • Gambling:
    0.19%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.22%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.03%
  • Weapons:
    0.08%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu Dec. 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, Sustainalytics 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 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 $300M NZD
Period of data report Wed March 31st 2021
Fund started Sat Aug. 1st 1992
Total annual fund fees 1.12%
Total performance based fees 0.0%
Manager's basic fee 1.08%
Administration charges 0.04%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Nigel Jackson

Currently: Head of Investments (0 years, 2 months)
Previously: Acting Head of Investments & Insurance (3 years, 10 months)

Philip Houghton-Brown

Currently: Head of Investment Solutions (0 years, 7 months)
Previously: Chief Investment Officer / Head of Investments Mercer (8 years, 2 months)

Francois Richeboeuf

Currently: Senior Portfolio Manager (10 years, 5 months)
Previously: Acting Head of Investment Solutions (0 years, 8 months)

Stephen Hong

Currently: Senior Portfolio Manager (8 years, 6 months)
Previously: Portfolio Manager AXA Global Investors (5 years, 9 months)

Angelika Sansom

Currently: Investment Analytics Manager (19 years, 7 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 Wed March 31st 2021.

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.