Funds

Unisaver Conservative Fund

Total Ethical Concerns: 5.81%

The average total concerns of all managed conservative funds is 3.17%.

Companies of Concern

  • Animal Cruelty 0.92%

    • The Sherwin-Williams Co.
      0.08%
      0.08%
    • Exxon Mobil Corp.
      0.07%
      !!
      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
      0.07%
    • Hormel Foods Corp
      0.06%
      0.06%
    • International Flavors & Fragrances, Inc.
      0.06%
      0.06%
    • 0.06%
    • Givaudan Finance Europe Bv
      0.05%
      0.05%
    • Clariant AG
      0.04%
      0.04%
    • Unilever PLC
      0.04%
      0.04%
    • Chevron Corp.
      0.03%
      !!
      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
      0.03%
    • Eni Spa
      0.03%
      !!
      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
      0.03%
    • Shell
      0.03%
      !!
      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
      0.03%
    • Colgate-Palmolive Co.
      0.02%
      0.02%
    • JBS S.A.
      0.02%
      0.02%
    • Kansai Paint Co., Ltd.
      0.02%
      0.02%
    • Kimberly-Clark Corp.
      0.02%
      0.02%
    • Tyson Foods Inc
      0.02%
      0.02%
    • FMC Corp.
      0.01%
      0.01%
    • Hindalco Industries Ltd.
      0.01%
      0.01%
    • L'Oréal SA
      0.01%
      0.01%
    • Seiko Epson Corp.
      0.01%
      0.01%
    • The Clorox Co.
      0.01%
      0.01%
  • Human Rights Violations 0.78%

    • 0.21%
    • General Motors
      0.08%
      0.08%
    • 0.08%
    • Nestlé
      0.07%
      0.07%
    • Glencore
      0.04%
      0.04%
    • Wells Fargo
      0.03%
      0.03%
    • 0.02%
    • Petrobras
      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
      0.02%
    • Zijin Mining
      0.02%
      0.02%
    • Caterpillar
      0.01%
      0.01%
    • 0.01%
  • Social Harm 0.28%

  • Fossil Fuels 3.33%

    • Contact Energy Ltd.
      0.25%
      1.5°C
      This company is on a 1.5°C pathway
      0.25%
    • Enbridge, Inc.
      0.18%
      !!
      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
      0.18%
    • Enel
      0.13%
      1.5°C
      This company is on a 1.5°C pathway
      0.13%
    • National Grid PLC
      0.12%
      !!
      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
      0.12%
    • Nextera Energy, Inc.
      0.12%
      0.12%
    • 0.10%
    • Sempra Energy
      0.08%
      !!
      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
      0.08%
    • Cheniere Energy, Inc.
      0.07%
      !!
      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
      0.07%
    • Delta Air Lines, Inc.
      0.07%
      0.07%
    • Engie SA
      0.07%
      !!
      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
      0.07%
    • Exxon Mobil Corp.
      0.07%
      !!
      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
      0.07%
    • Hera Spa
      0.07%
      0.07%
    • Oneok, Inc.
      0.07%
      0.07%
    • Santos Ltd.
      0.07%
      !!
      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
      0.07%
    • Edp Finance Bv
      0.06%
      1.5°C
      This company is on a 1.5°C pathway
      0.06%
    • Enbw Energie Baden Württemberg AG
      0.06%
      1.5°C
      This company is on a 1.5°C pathway
      0.06%
    • Enterprise Products Partners Lp
      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
      0.06%
    • Gohl Capital Ltd.
      0.06%
      0.06%
    • Kirby Corp.
      0.06%
      0.06%
    • National Fuel Gas Co.
      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
      0.06%
    • Nrg Energy, Inc.
      0.06%
      0.06%
    • Enbw International Finance Bv
      0.05%
      1.5°C
      This company is on a 1.5°C pathway
      0.05%
    • Infraestructura Energetica Nova Sab De Cv
      0.05%
      0.05%
    • Kinder Morgan, Inc.
      0.05%
      !!
      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
      0.05%
    • Orlen
      0.05%
      !!
      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
      0.05%
    • Targa Resources Corp.
      0.05%
      0.05%
    • The Williams Cos., Inc.
      0.05%
      !!
      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
      0.05%
    • Xcel Energy, Inc.
      0.05%
      0.05%
    • Duke Energy Corp
      0.04%
      0.04%
    • Emera, Inc.
      0.04%
      0.04%
    • Glencore
      0.04%
      0.04%
    • American Electric Power Co., Inc.
      0.03%
      0.03%
    • Chevron Corp.
      0.03%
      !!
      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
      0.03%
    • Constellation Energy Corp.
      0.03%
      0.03%
    • Eni Spa
      0.03%
      !!
      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
      0.03%
    • Enn Clean Energy International Investment Ltd.
      0.03%
      0.03%
    • Pembina Pipeline Corp.
      0.03%
      !!
      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
      0.03%
    • Pg&E Corp
      0.03%
      0.03%
    • Shell
      0.03%
      !!
      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
      0.03%
    • Altagas Ltd.
      0.02%
      0.02%
    • Aluminum Corp. Of China Ltd.
      0.02%
      0.02%
    • Ameren Corp.
      0.02%
      0.02%
    • Barrick Gold
      0.02%
      0.02%
    • Centerpoint Energy, Inc.
      0.02%
      0.02%
    • Channel Infrastructure
      0.02%
      0.02%
    • Conocophillips
      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
      0.02%
    • Consolidated Edison, Inc.
      0.02%
      0.02%
    • Dominion Energy, Inc.
      0.02%
      0.02%
    • Entergy Corp.
      0.02%
      0.02%
    • Eog Resources, Inc.
      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
      0.02%
    • Nisource, Inc.
      0.02%
      0.02%
    • Petrobras
      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
      0.02%
    • Rwe AG
      0.02%
      0.02%
    • Suncor Energy, Inc.
      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
      0.02%
    • Tc Energy 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
      0.02%
    • Ugi Corp.
      0.02%
      0.02%
    • Vår Energi Asa
      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
      0.02%
    • BP
      0.01%
      !!
      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
      0.01%
    • Dt Midstream, Inc.
      0.01%
      0.01%
    • E.On Se
      0.01%
      0.01%
    • Equinor Asa
      0.01%
      !!
      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
      0.01%
    • Occidental Petroleum Corp.
      0.01%
      !!
      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
      0.01%
    • Texas Pacific Land Corp.
      0.01%
      0.01%
    • Totalenergies Se
      0.01%
      !!
      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
      0.01%
    • Vale SA
      0.01%
      0.01%
  • Weapons 0.24%

    • Hexcel Corp.
      0.06%
      0.06%
    • 0.04%
    • Amphenol Corp.
      0.02%
      0.02%
    • Kongsberg Gruppen Asa
      0.02%
      0.02%
    • Rheinmetall AG
      0.02%
      0.02%
    • Bharat Electronics Ltd.
      0.01%
      0.01%
    • 0.01%
  • Environmental Harm 0.97%

    • Fonterra
      0.17%
      0.17%
    • PepsiCo
      0.12%
      0.12%
    • 0.07%
    • Mondelez
      0.07%
      0.07%
    • Gohl Capital Ltd.
      0.06%
      0.06%
    • PT Indofood Sukses Makmur Tbk
      0.05%
      0.05%
    • Duke Energy Corp
      0.04%
      0.04%
    • Glencore
      0.04%
      0.04%
    • 0.04%
    • Unilever PLC
      0.04%
      0.04%
    • Chevron Corp.
      0.03%
      !!
      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
      0.03%
    • 0.03%
    • Pg&E Corp
      0.03%
      0.03%
    • Shell
      0.03%
      !!
      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
      0.03%
    • Barrick Gold
      0.02%
      0.02%
    • JBS S.A.
      0.02%
      0.02%
    • Mexico Generadora De Energia S De Rl
      0.02%
      0.02%
    • Zijin Mining
      0.02%
      0.02%
    • FMC Corp.
      0.01%
      0.01%
    • Vale SA
      0.01%
      0.01%

From the Fund Provider

  • About this fund

    About this Fund

    Conservative invests predominantly in income assets with a smaller percentage in growth assets. It is expected to provide returns after tax and investment expenses of 1.5% above inflation over rolling 3-year periods. There is a reasonably small risk (approximately 1 in 20 years) of a member losing more than 3% in any year, with the current likelihood of a negative return of 1 year in every 6.

    Value $114M NZD
    Period of data report 31st March 2025
    Fund started 1st Oct. 2004
    Total annual fund fees 0.45%
    Total performance based fees 0.0%
    Manager's basic fee 0.0%
    Other management and administration charges 0.45%
    Total other charges 0.0
    Total other charges currency NZD

    Tim Bluett

    Currently: Board member of UniSaver Limited (0 years, 3 months)
    Previously: (None years, None months)

    Amanda Derry

    Currently: Board member of UniSaver Limited (1 years, 1 months)
    Previously: (None years, None months)

    Guy Fisher

    Currently: Head of Investment Consulting, Russell Investments (2 years, 9 months)
    Previously: Senior Consultant, Russell Investments (2 years, 8 months)

    Sarah Graydon

    Currently: Board member of UniSaver Limited (and licensed independent trustee) (4 years, 9 months)
    Previously: Scheme trustee (various) (current position) (13 years, 3 months)

    Ian Russon

    Currently: Board member of UniSaver Limited (7 years, 3 months)
    Previously: Head of Financial Institutions & Public Sector, BNZ (5 years, 0 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

    • No attachments
  • Past Returns

    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
    2024 5.86% 5.48%
    2023 -1.56% -2.27%
    2022 -0.50% -0.6%
    2021 8.70% 8.86%
    2020 -0.05% 0.39%
    2019 4.31% 2.92%
    2018 3.39% 4.42%
    2017 3.28% 4.71%
    2016 2.92% 3.15%
    2015 8.63% 8.89%

    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 31st March 2025.

  • Investments

    Top 10 Investments

    • ANZ Wholesale Cash Fund

      New Zealand Cash and Equivalents

      19.76%
    • NZGB 1.5% 15/05/2031

      New Zealand NZ Fixed Interest AAA

      1.13%
    • US Treasury N/B 31/05/2025

      United States Int Fixed Interest AAA

      1.02%
    • US Treasury N/B 15/06/2024

      United States Int Fixed Interest AAA

      0.81%
    • Mex Bonos Desarr Fix Rt

      Mexico Int Fixed Interest BBB

      0.81%
    • NZGB 3.5% 14/04/2033

      New Zealand NZ Fixed Interest AAA

      0.79%
    • US Treasury N/B 30/04/2025

      United States Int Fixed Interest AAA

      0.63%
    • NZGB 4.50% 15/05/2030

      New Zealand NZ Fixed Interest AAA

      0.61%
    • NZGB 2.75% 15/04/2037

      New Zealand NZ Fixed Interest AAA

      0.59%
    • United States Dollar Cash

      United States Cash and Equivalents

      0.58%
    Type Target Actual
    Cash and Cash Equivalents 20.0% 19.76%
    New Zealand Fixed Interest 15.0% 15.57%
    International Fixed Interest 45.0% 44.55%
    Australasian Equities 4.0% 3.77%
    International Equities 13.0% 13.35%
    Listed Properties 1.0% 1.01%
    Unlisted Properties 0.0% 0.0%
    Other 2.0% 1.99%
    Commodities 0.0% 0.0%

    Investment Mix

    How the money in this fund is invested by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 31st March 2025 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.

Issues of Concern

  • 0.92% Animal Cruelty
  • 0.78% Human Rights Violations
  • 0.28% Social Harm
  • 3.33% Fossil Fuels
  • 0.24% Weapons
  • 0.97% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • The Sherwin-Williams Co.
      0.08%
      0.08%
    • Exxon Mobil Corp.
      0.07%
      !!
      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
      0.07%
    • Hormel Foods Corp
      0.06%
      0.06%
    • International Flavors & Fragrances, Inc.
      0.06%
      0.06%
    • 0.06%
    • Givaudan Finance Europe Bv
      0.05%
      0.05%
    • Clariant AG
      0.04%
      0.04%
    • Unilever PLC
      0.04%
      0.04%
    • Chevron Corp.
      0.03%
      !!
      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
      0.03%
    • Eni Spa
      0.03%
      !!
      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
      0.03%
    • Shell
      0.03%
      !!
      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
      0.03%
    • Colgate-Palmolive Co.
      0.02%
      0.02%
    • JBS S.A.
      0.02%
      0.02%
    • Kansai Paint Co., Ltd.
      0.02%
      0.02%
    • Kimberly-Clark Corp.
      0.02%
      0.02%
    • Tyson Foods Inc
      0.02%
      0.02%
    • FMC Corp.
      0.01%
      0.01%
    • Hindalco Industries Ltd.
      0.01%
      0.01%
    • L'Oréal SA
      0.01%
      0.01%
    • Seiko Epson Corp.
      0.01%
      0.01%
    • The Clorox Co.
      0.01%
      0.01%
  • Human Rights Violations

    • 0.21%
    • General Motors
      0.08%
      0.08%
    • 0.08%
    • Nestlé
      0.07%
      0.07%
    • Glencore
      0.04%
      0.04%
    • Wells Fargo
      0.03%
      0.03%
    • 0.02%
    • Petrobras
      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
      0.02%
    • Zijin Mining
      0.02%
      0.02%
    • Caterpillar
      0.01%
      0.01%
    • 0.01%
  • Fossil Fuels

    • Contact Energy Ltd.
      0.25%
      1.5°C
      This company is on a 1.5°C pathway
      0.25%
    • Enbridge, Inc.
      0.18%
      !!
      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
      0.18%
    • Enel
      0.13%
      1.5°C
      This company is on a 1.5°C pathway
      0.13%
    • National Grid PLC
      0.12%
      !!
      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
      0.12%
    • Nextera Energy, Inc.
      0.12%
      0.12%
    • 0.10%
    • Sempra Energy
      0.08%
      !!
      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
      0.08%
    • Cheniere Energy, Inc.
      0.07%
      !!
      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
      0.07%
    • Delta Air Lines, Inc.
      0.07%
      0.07%
    • Engie SA
      0.07%
      !!
      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
      0.07%
    • Exxon Mobil Corp.
      0.07%
      !!
      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
      0.07%
    • Hera Spa
      0.07%
      0.07%
    • Oneok, Inc.
      0.07%
      0.07%
    • Santos Ltd.
      0.07%
      !!
      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
      0.07%
    • Edp Finance Bv
      0.06%
      1.5°C
      This company is on a 1.5°C pathway
      0.06%
    • Enbw Energie Baden Württemberg AG
      0.06%
      1.5°C
      This company is on a 1.5°C pathway
      0.06%
    • Enterprise Products Partners Lp
      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
      0.06%
    • Gohl Capital Ltd.
      0.06%
      0.06%
    • Kirby Corp.
      0.06%
      0.06%
    • National Fuel Gas Co.
      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
      0.06%
    • Nrg Energy, Inc.
      0.06%
      0.06%
    • Enbw International Finance Bv
      0.05%
      1.5°C
      This company is on a 1.5°C pathway
      0.05%
    • Infraestructura Energetica Nova Sab De Cv
      0.05%
      0.05%
    • Kinder Morgan, Inc.
      0.05%
      !!
      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
      0.05%
    • Orlen
      0.05%
      !!
      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
      0.05%
    • Targa Resources Corp.
      0.05%
      0.05%
    • The Williams Cos., Inc.
      0.05%
      !!
      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
      0.05%
    • Xcel Energy, Inc.
      0.05%
      0.05%
    • Duke Energy Corp
      0.04%
      0.04%
    • Emera, Inc.
      0.04%
      0.04%
    • Glencore
      0.04%
      0.04%
    • American Electric Power Co., Inc.
      0.03%
      0.03%
    • Chevron Corp.
      0.03%
      !!
      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
      0.03%
    • Constellation Energy Corp.
      0.03%
      0.03%
    • Eni Spa
      0.03%
      !!
      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
      0.03%
    • Enn Clean Energy International Investment Ltd.
      0.03%
      0.03%
    • Pembina Pipeline Corp.
      0.03%
      !!
      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
      0.03%
    • Pg&E Corp
      0.03%
      0.03%
    • Shell
      0.03%
      !!
      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
      0.03%
    • Altagas Ltd.
      0.02%
      0.02%
    • Aluminum Corp. Of China Ltd.
      0.02%
      0.02%
    • Ameren Corp.
      0.02%
      0.02%
    • Barrick Gold
      0.02%
      0.02%
    • Centerpoint Energy, Inc.
      0.02%
      0.02%
    • Channel Infrastructure
      0.02%
      0.02%
    • Conocophillips
      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
      0.02%
    • Consolidated Edison, Inc.
      0.02%
      0.02%
    • Dominion Energy, Inc.
      0.02%
      0.02%
    • Entergy Corp.
      0.02%
      0.02%
    • Eog Resources, Inc.
      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
      0.02%
    • Nisource, Inc.
      0.02%
      0.02%
    • Petrobras
      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
      0.02%
    • Rwe AG
      0.02%
      0.02%
    • Suncor Energy, Inc.
      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
      0.02%
    • Tc Energy 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
      0.02%
    • Ugi Corp.
      0.02%
      0.02%
    • Vår Energi Asa
      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
      0.02%
    • BP
      0.01%
      !!
      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
      0.01%
    • Dt Midstream, Inc.
      0.01%
      0.01%
    • E.On Se
      0.01%
      0.01%
    • Equinor Asa
      0.01%
      !!
      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
      0.01%
    • Occidental Petroleum Corp.
      0.01%
      !!
      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
      0.01%
    • Texas Pacific Land Corp.
      0.01%
      0.01%
    • Totalenergies Se
      0.01%
      !!
      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
      0.01%
    • Vale SA
      0.01%
      0.01%
  • Weapons

    • Hexcel Corp.
      0.06%
      0.06%
    • 0.04%
    • Amphenol Corp.
      0.02%
      0.02%
    • Kongsberg Gruppen Asa
      0.02%
      0.02%
    • Rheinmetall AG
      0.02%
      0.02%
    • Bharat Electronics Ltd.
      0.01%
      0.01%
    • 0.01%
  • Environmental Harm

    • Fonterra
      0.17%
      0.17%
    • PepsiCo
      0.12%
      0.12%
    • 0.07%
    • Mondelez
      0.07%
      0.07%
    • Gohl Capital Ltd.
      0.06%
      0.06%
    • PT Indofood Sukses Makmur Tbk
      0.05%
      0.05%
    • Duke Energy Corp
      0.04%
      0.04%
    • Glencore
      0.04%
      0.04%
    • 0.04%
    • Unilever PLC
      0.04%
      0.04%
    • Chevron Corp.
      0.03%
      !!
      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
      0.03%
    • 0.03%
    • Pg&E Corp
      0.03%
      0.03%
    • Shell
      0.03%
      !!
      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
      0.03%
    • Barrick Gold
      0.02%
      0.02%
    • JBS S.A.
      0.02%
      0.02%
    • Mexico Generadora De Energia S De Rl
      0.02%
      0.02%
    • Zijin Mining
      0.02%
      0.02%
    • FMC Corp.
      0.01%
      0.01%
    • Vale SA
      0.01%
      0.01%

About this Fund

Conservative invests predominantly in income assets with a smaller percentage in growth assets. It is expected to provide returns after tax and investment expenses of 1.5% above inflation over rolling 3-year periods. There is a reasonably small risk (approximately 1 in 20 years) of a member losing more than 3% in any year, with the current likelihood of a negative return of 1 year in every 6.

Value $114M NZD
Period of data report 31st March 2025
Fund started 1st Oct. 2004
Total annual fund fees 0.45%
Total performance based fees 0.0%
Manager's basic fee 0.0%
Other management and administration charges 0.45%
Total other charges 0.0
Total other charges currency NZD

Tim Bluett

Currently: Board member of UniSaver Limited (0 years, 3 months)
Previously: (None years, None months)

Amanda Derry

Currently: Board member of UniSaver Limited (1 years, 1 months)
Previously: (None years, None months)

Guy Fisher

Currently: Head of Investment Consulting, Russell Investments (2 years, 9 months)
Previously: Senior Consultant, Russell Investments (2 years, 8 months)

Sarah Graydon

Currently: Board member of UniSaver Limited (and licensed independent trustee) (4 years, 9 months)
Previously: Scheme trustee (various) (current position) (13 years, 3 months)

Ian Russon

Currently: Board member of UniSaver Limited (7 years, 3 months)
Previously: Head of Financial Institutions & Public Sector, BNZ (5 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

  • No attachments

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
2024 5.86% 5.48%
2023 -1.56% -2.27%
2022 -0.50% -0.6%
2021 8.70% 8.86%
2020 -0.05% 0.39%
2019 4.31% 2.92%
2018 3.39% 4.42%
2017 3.28% 4.71%
2016 2.92% 3.15%
2015 8.63% 8.89%

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 31st March 2025.

Top 10 Investments

  • ANZ Wholesale Cash Fund

    New Zealand Cash and Equivalents

    19.76%
  • NZGB 1.5% 15/05/2031

    New Zealand NZ Fixed Interest AAA

    1.13%
  • US Treasury N/B 31/05/2025

    United States Int Fixed Interest AAA

    1.02%
  • US Treasury N/B 15/06/2024

    United States Int Fixed Interest AAA

    0.81%
  • Mex Bonos Desarr Fix Rt

    Mexico Int Fixed Interest BBB

    0.81%
  • NZGB 3.5% 14/04/2033

    New Zealand NZ Fixed Interest AAA

    0.79%
  • US Treasury N/B 30/04/2025

    United States Int Fixed Interest AAA

    0.63%
  • NZGB 4.50% 15/05/2030

    New Zealand NZ Fixed Interest AAA

    0.61%
  • NZGB 2.75% 15/04/2037

    New Zealand NZ Fixed Interest AAA

    0.59%
  • United States Dollar Cash

    United States Cash and Equivalents

    0.58%
Type Target Actual
Cash and Cash Equivalents 20.0% 19.76%
New Zealand Fixed Interest 15.0% 15.57%
International Fixed Interest 45.0% 44.55%
Australasian Equities 4.0% 3.77%
International Equities 13.0% 13.35%
Listed Properties 1.0% 1.01%
Unlisted Properties 0.0% 0.0%
Other 2.0% 1.99%
Commodities 0.0% 0.0%

Investment Mix

How the money in this fund is invested by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 31st March 2025 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.