Westpac Moderate Trust

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Type: Balanced fund
Past Returns: 5.62%

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

Annual Fees: 1.2%

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

Anglo American Capital PLC 4.0% 11-Sep-2027 0.01%
Anglo American PLC 0.05%
Atmos Energy Corporation 0.02%
BP Capital Markets Bv 0.933% 04-Dec-2040 0.02%
Coca-Cola Company 0.03%
Enbridge Inc. 0.03%
Genesis Energy Ltd 0.05%
Itochu Corporation 0.03%
Kinder Morgan Inc Class P 0.03%
Kinder Morgan, Inc. 3.6% 15-Feb-2051 0.02%
Lg Corp 0.04%
Loews Corporation 0.03%
Mplx Lp 4.125% 01-Mar-2027 0.01%
Vale S.A. Sponsored Adr 0.03%

Weapons

Amphenol Corporation Class A 0.04%
Chemring Group PLC 0.02%
Meggitt PLC 0.01%
Singapore Technologies Engineering Ltd 0.01%

Tobacco

Dufry AG 0.01%

Gambling

Aristocrat Leisure Ltd 0.06%
Greek Organisation Of Football Prognostics SA 0.03%
La Francaise Des Jeux SA 0.02%
Las Vegas Sands Corp. 0.02%
Playtech PLC 0.02%
Sky City Entertainment Group 0.29%
Vici Properties Inc 0.03%

Alcohol

Anheuser-Busch Inbev SA/Nv 2.125% 02-Dec-2027 0.03%
Anheuser-Busch Inbev SA/Nv 3.7% 02-Apr-2040 0.03%
Anheuser-Busch Inbev Worldwide, Inc. 5.55% 23-Jan-2049 0.02%
Carlsberg A/S Class B 0.03%
Davide Campari-Milano N.V. 0.01%
Diageo PLC 0.10%
Dufry AG 0.01%
Heineken Nv 0.06%
LVMH Moet Hennessy Louis Vuitton Se 0.11%
Pernod Ricard SA 0.07%

Palm Oil

Human Rights & Environmental Violations

Bayer AG 0.06%
Duke Energy Corporation 0.01%
Grupo Mexico S.A.B. De C.V. Class B 0.02%
Johnson & Johnson 0.10%
Nestle S.A. 0.13%
Rio Tinto PLC 0.04%
Vale S.A. Sponsored Adr 0.03%

Animal Testing

Air Liquide SA 0.040%
Akzo Nobel N.V. 0.050%
Bayer AG 0.060%
Burberry Group PLC 0.020%
Capri Holdings Limited 0.020%
Coca-Cola Company 0.030%
Danone SA 0.090%
Ecolab Inc. 0.020%
Estee Lauder Companies Inc. Class A 0.040%
Fancl Corporation 0.040%
General Mills, Inc. 0.020%
Givaudan SA 0.010%
Hermes International Sca 0.020%
Hp Inc. 0.020%
Ingevity Corporation 0.020%
J Sainsbury PLC 0.020%
Johnson & Johnson 0.100%
Kikkoman Corporation 0.010%
Kraft Heinz Company 0.020%
L Brands, Inc. 0.020%
L'Oreal SA 0.050%
LVMH Moet Hennessy Louis Vuitton Se 0.110%
Linde PLC 0.110%
Mondelez International Holdings Netherlands Bv 2.0% 28-Oct-2021 0.040%
Mondelez International Holdings Netherlands Bv 2.125% 19-Sep-2022 0.040%
Mondelez International, Inc. 0.25% 17-Mar-2028 0.030%
Mondelez International, Inc. 1.375% 17-Mar-2041 0.020%
Mondelez International, Inc. Class A 0.020%
Mosaic Company 0.020%
Nestle S.A. 0.130%
Nissan Chemical Corporation 0.010%
Orkla Asa 0.010%
PPG Industries, Inc. 0.090%
Prada S.P.A. 0.030%
Procter & Gamble Company 0.020%
Reckitt Benckiser Group PLC 0.060%
Svenska Cellulosa Aktiebolaget Class B 0.050%
Symrise AG 0.010%
Tosoh Corporation 0.020%
Unilever PLC 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 Wed March 31st 2021 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 17.44% 13.22%
2020 -2.28% -1.08%
2019 4.43% 4.72%
2018 4.41% 5.19%
2017 5.71% 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 Wed March 31st 2021.

Showing the top 10 investments for this fund:

  • K2 Alternative Strategies NZ Portfolio
    Cayman Islands Other
    2.82%
  • US 5Yr Note (Cbt)
    United States Int Fixed Interest
    2.0%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    1.84%
  • US 2Yr Note (Cbt)
    United States Int Fixed Interest
    1.02%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    0.92%
  • Mainfreight Ltd
    New Zealand Australasian Equities
    0.87%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    0.79%
  • A2 Milk Company Ltd
    New Zealand Australasian Equities
    0.77%
  • Euro Schatz Future
    Germany Int Fixed Interest
    0.73%
  • Fletcher Building Ltd
    New Zealand Australasian Equities
    0.62%

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 7.0% 8.41%
New Zealand Fixed Interest 24.0% 22.23%
International Fixed Interest 29.0% 27.28%
Australasian Equities 13.0% 13.55%
International Equities 19.0% 20.56%
Listed Properties 5.0% 5.04%
Unlisted Properties 0.0% 0.0%
Other 3.0% 2.93%
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 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).

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:
    0.48%
  • Animal Testing:
    1.59%
  • Fossil Fuels:
    0.46%
  • Gambling:
    0.50%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.41%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.01%
  • Weapons:
    0.09%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed March 31st 2021 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 exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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 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 $980M NZD
Period of data report Wed March 31st 2021
Fund started Wed Feb. 8th 2012
Total annual fund fees 1.2%
Total performance based fees 0.0%
Manager's basic fee 1.13%
Other management and administration charges 0.07%
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.