Westpac Moderate Trust

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Not Mindful
Type: Balanced fund
Past Returns: 2.94%

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

Annual Fees: 1.24%

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

Aker BP Asa 3.0% 15-Jan-2025 0.01%
Aker BP Asa 3.75% 15-Jan-2030 0.03%
American Electric Power Company, Inc. 0.03%
Anglo American PLC 0.02%
Dominion Energy, Inc. 4.25% 01-Jun-2028 0.02%
Energy Transfer Operating, L.P. 2.9% 15-May-2025 0.02%
Engie SA 0.01%
Engie SA 1.75% 27-Mar-2028 0.01%
Firstenergy Corp. 2.65% 01-Mar-2030 0.04%
Firstenergy Corp. 3.4% 01-Mar-2050 0.01%
Firstenergy Corp. 7.375% 15-Nov-2031 0.02%
Hess Corporation 3.5% 15-Jul-2024 0.03%
Kinder Morgan Inc Class P 0.02%
Kinder Morgan, Inc. 5.0% 15-Feb-2021 0.05%
Kinder Morgan, Inc. 5.625% 15-Nov-2023 0.01%
Magellan Midstream Partners, L.P. 0.02%
Marathon Petroleum Corporation 5.125% 15-Dec-2026 0.03%
Nextera Energy, Inc. 0.05%
Rwe AG 0.02%
Sunoco Logistics Partners Operations Lp 4.25% 01-Apr-2024 0.04%
Sunoco Logistics Partners Operations Lp 4.4% 01-Apr-2021 0.03%
Williams Companies, Inc. 4.55% 24-Jun-2024 0.01%

Weapons

Chemring Group PLC 0.02%

Gambling

Caesars Entertainment Corp 0.01%
Galaxy Entertainment Group Limited 0.02%
Las Vegas Sands Corp. 0.01%
Melco Resorts and Entertainment Ltd Shs Sponsored American Deposit Receipt Repr 3 Shs 0.02%
Sands China Ltd. 5.125% 08-Aug-2025 0.02%
Sky City Entertainment Group 0.14%

Alcohol

Ambev SA Sponsored Adr 0.02%
Anheuser-Busch Cos. Llc 3.65% 01-Feb-2026 0.08%
Anheuser-Busch Inbev SA/Nv @Na 02-Apr-2032 0.03%
Anheuser-Busch Inbev SA/Nv @Na 02-Apr-2040 0.03%
Anheuser-Busch Inbev Worldwide, Inc. 5.55% 23-Jan-2049 0.03%
Carlsberg A/S Class B 0.03%
Davide Campari-Milano S.P.A. 0.02%
Diageo PLC 0.10%
Heineken Nv 0.03%
Heineken Nv 1.0% 04-May-2026 0.02%
LVMH Moet Hennessy Louis Vuitton Se 0.13%
Pernod Ricard SA 0.08%

Palm Oil

GMOs

Bayer AG 0.11%
Novartis AG 0.03%
Stora Enso Oyj Class R 0.02%

Human Rights & Environmental Violations

Freeport-Mcmoran, Inc. 0.02%
Johnson & Johnson 0.10%
Nestle S.A. 0.18%
Rio Tinto Ltd 0.05%
Rio Tinto PLC 0.02%

Animal Testing

Air Liquide SA 0.050%
Akzo Nobel N.V. 0.040%
Bayer AG 0.110%
Beiersdorf AG 0.020%
Burberry Group PLC 0.020%
Coca-Cola Company 0.020%
Coca-Cola Femsa Sab De Cv 2.75% 22-Jan-2030 0.010%
Colgate-Palmolive Company 0.090%
Danone SA 0.070%
Ecolab Inc. 0.020%
Estee Lauder Companies Inc. Class A 0.020%
General Mills, Inc. 0.020%
Givaudan SA 0.020%
Henkel AG & Co. Kgaa 0.010%
Johnson & Johnson 0.100%
Kikkoman Corporation 0.020%
L'Oreal SA 0.020%
LVMH Moet Hennessy Louis Vuitton Se 0.130%
Nestle S.A. 0.180%
Pepsico, Inc. 0.030%
PPG Industries, Inc. 0.040%
Procter & Gamble Company 0.070%
Reckitt Benckiser Group PLC 0.090%
Symrise AG 0.020%
Unilever Nv 0.020%

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 -2.86% -1.08%
2019 4.44% 4.72%
2018 4.90% 5.19%
2017 5.60% 3.57%
2016 3.06% 3.04%
2015 8.56% 9.15%
2014 6.13% 5.03%
2013 8.77% 7.84%

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:

  • K2 Alternative Strategies NZ Portfolio
    Cayman Islands Other
    2.41%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    2.19%
  • A2 Milk Company Ltd
    New Zealand Australasian Equities
    1.95%
  • US 5Yr Note (Cbt)
    United States Int Fixed Interest UNRATED
    1.67%
  • US 2Yr Note (Cbt)
    United States Int Fixed Interest UNRATED
    1.5%
  • Euro Schatz Future
    Germany Int Fixed Interest UNRATED
    1.33%
  • NZ Government Bond 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AA+
    1.17%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.02%
  • NZ Government Bond 5.5% 15/04/2023
    New Zealand NZ Fixed Interest AA+
    0.9%
  • NZ Government Bond 3% 20/04/2029
    New Zealand NZ Fixed Interest AA+
    0.8%

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 7.0% 7.27%
New Zealand Fixed Interest 24.0% 24.93%
International Fixed Interest 29.0% 29.43%
Australasian Equities 13.0% 13.54%
International Equities 19.0% 17.31%
Listed Properties 5.0% 4.44%
Unlisted Properties 0.0% 0.0%
Other 3.0% 3.08%
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 concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.63%
  • Animal Testing:
    1.29%
  • Fossil Fuels:
    0.71%
  • Gambling:
    0.29%
  • GMOs:
    0.16%
  • Human Rights & Environmental Violations:
    0.42%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.00%
  • Weapons:
    0.03%

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 Moderate Trust aims to provide moderate returns over the medium term. The fund has a higher benchmark allocation to income assets than to growth assets. Volatility is expected to be higher than the Conservative Trust but lower than the Balanced Trust in the Westpac Active Series."

Value $990M NZD
Period of data report Tue June 30th 2020
Members Not provided
Fund started Wed Feb. 8th 2012
Total annual fund fees 1.24%
Total performance based fees 0.0%
Manager's basic fee 1.17%
Administration charges 0.07%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Nigel Jackson

Currently: Acting Head of Investments & Insurance (3 years, 4 months)
Previously: Head of Customer Proposition (7 years, 7 months)

Francois Richeboeuf

Currently: Acting Head of Investment Solutions (0 years, 5 months)
Previously: Senior Portfolio Manager (9 years, 2 months)

Stephen Hong

Currently: Senior Portfolio Manager (7 years, 9 months)
Previously: Portfolio Manager AXA Global Investors (5 years, 9 months)

Angelika Sansom

Currently: Investment Analytics Manager (18 years, 10 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 Tue June 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

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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.