Fund type: Conservative fund
Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
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.
Contact Energy Capital Bonds 19/11/51 2.42%
Contact Energy Ltd 1.04%
BP PLC 0.20%
Franco-Nevada Corp 0.08%
Wal-Mart Stores Inc 0.34%
Human Rights & Environmental Violations
Meta Platforms Inc 0.27%
Uber Technologies Inc 0.16%
Thermo Fisher Scientific Inc 0.09%
Ping An Insurance Group 0.02%
This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Fri Sept. 30th 2022 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.
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|
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 Fri Sept. 30th 2022.
Showing the top 10 investments for this fund:
ASB NZ Dollar Cash Account
New Zealand Cash and Equivalents A16.57%
Salvation Army Sep 2025 Bonds
New Zealand NZ Fixed Interest2.76%
Iag Jun 2038 Bonds
Australia Int Fixed Interest BBB2.46%
Contact Energy Capital Bonds
New Zealand NZ Fixed Interest BB+2.42%
Centuria Industrial Property Dec 2027 Bonds
Australia Int Fixed Interest BBB2.28%
Investore Property Feb 2027 Bonds
New Zealand NZ Fixed Interest2.16%
Nzlga May 2031 Bonds
New Zealand NZ Fixed Interest AAA2.15%
Elim Education Oct 2026 Bonds
New Zealand NZ Fixed Interest2.01%
Genesis Jun 2052 Bonds
New Zealand NZ Fixed Interest BB+1.99%
Infratil Dec 2026 Bonds
New Zealand NZ Fixed Interest1.8%
This information has been sourced from the quarterly data that each fund has filed with Disclose register Fri Sept. 30th 2022.
How the money in this fund is invested against the fund's targets.
|Cash and Cash Equivalents||5.0%||4.9%|
|New Zealand Fixed Interest||75.0%||66.85%|
|International Fixed Interest||0.0%||10.45%|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 2022.
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).
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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.
Issue of concernDoes this fund say it excludes this?Actual holdings
Human Rights & Environmental Violations:0.52%
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 objective of the Conservative Managed Fund is to provide a conservative investment return over the long-term through investment in a portfolio of actively managed cash, fixed interest, property and infrastructure assets, Australasian equities and international equities. The fund has a low to medium level of volatilty."
|Period of data report||Fri Sept. 30th 2022|
|Fund started||Mon May 16th 2022|
|Total annual fund fees||1.19%|
|Total performance based fees||0.0%|
|Manager's basic fee||1.19%|
|Other management and administration charges||0.0%|
|Total other charges||0.0|
|Total other charges currency||NZD|
Currently: Lead Portfolio Manager/Investment Committee Member/Executive Director (9 years, 6 months)
Currently: Portolio Manager - Property & Infrastructure, Australasian Equities (4 years, 8 months)
Currently: Portolio Manager - Property & Infrastructure, Australasian Equities (3 years, 2 months)
Currently: Portfolio Manager - Fixed Income (1 years, 5 months)
Download the fund's disclosure statement and portfolio holdings.