Funds
BNZ Youwealth Conservative Fund
Issues of concern
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.
Key:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- Contact Energy Ltd 0.42%
- Vier Gas Transport Gmbh 4.625% 26/09/2032 0.24%
- Galaxy Pipeline Assets Bidco Ltd Medium Term Note 2.625% 31/03/2036 0.20%
- N.V. Nederlandse Gasunie 3.375% 11/07/2034 0.13%
- The Williams Companies Inc 2.6% 15/03/2031 0.13%
- Enterprise Products Operating Llc 4.45% 15/02/2043 0.12%
- Vier Gas Transport Gmbh 4% 26/09/2027 0.08%
- Genesis Energy Ltd 0.07%
- Williams Companies Inc 4.85% 01/03/2048 0.07%
- Anglo American Capital PLC 4.75% 21/09/2032 0.06%
- Nextera Energy Inc 0.04%
- Ppl Electric Utilities Corp 4.15% 15/06/2048 0.04%
- Consolidated Edison Company Of New York Inc 3.95% 01/04/2050 0.02%
- Enbridge Inc 0.02%
- Cheniere Energy Ord Shs 0.01%
- Consolidated Edison Inc 0.01%
- Constellation Energy Corp 0.01%
- Dominion Energy Inc 0.01%
- Enel Spa 0.01%
- Iberdrola SA 0.01%
- Itochu Corp 0.01%
- Kinder Morgan Inc/De 0.01%
- Marathon Petroleum Corp 0.01%
- National Grid PLC 0.01%
- Neste Ord Shs 0.01%
- Phillips 66 0.01%
- Public Service Enterprise Group Ord Shs 0.01%
- Rwe AG 0.01%
- Sempra Energy 0.01%
- Tc Energy Corp 0.01%
- Valero Energy Corp 0.01%
- Vier Gas Transport Gmbh 0.125% 10/09/2029 0.01%
Weapons
- Wal-Mart Stores Inc 0.05%
- Amphenol Corp-Cl A 0.01%
- Brookfield Asset Management Inc 0.01%
- L3Harris Technologies Inc 0.01%
- Transdigm Group Inc 0.01%
Alcohol
- Anheuser-Busch Inbev Worldwide Inc 5.45% 23/01/2039 0.16%
- Anheuser-Busch Inbev Finance Inc 4.7% 01/02/2036 0.12%
- Bacardi Ltd 5.3% 15/05/2048 0.11%
- Bacardi Ltd 4.45% 15/05/2025 0.09%
- Diageo Capital B.V. 1.875% 08/06/2034 0.06%
- Diageo PLC 0.02%
- Anheuser-Busch Inbev Nv 0.01%
- Australian Vintage Ltd 0.01%
- Constellation Brands Inc-A 0.01%
- Delegat Group Ltd 0.01%
- Heineken Nv 0.01%
- Kweichow Moutai Co Ltd-A 0.01%
- Pernod Ricard SA 0.01%
GMOs
- Corteva Inc 0.01%
Human Rights & Environmental Violations
- Credit Suisse Group AG 3.091% 14/05/2032 0.19%
- Basf Se 3.75% 29/06/2032 0.10%
- Johnson & Johnson 0.10%
- Meta Platforms Inc 0.08%
- Nestle SA-Reg 0.07%
- Credit Suisse AG London 0.25% 01/09/2028 0.06%
- Credit Suisse Group AG 4.194% 01/04/2031 0.05%
- Thermo Fisher Scientific Inc 0.05%
- Thermo Fisher Scientific (Finance I) B.V. 1.625% 18/10/2041 0.04%
- Wells Fargo & Co 0.04%
- Thermo Fisher Scientific Inc 1.875% 01/10/2049 0.03%
- Caterpillar Inc 0.02%
- Activision Blizzard Inc 0.01%
- Archer-Daniels-Midland Co 0.01%
- Barrick Gold Corp 0.01%
- Basf Se 0.01%
- Bayer AG-Reg 0.01%
- Corteva Inc 0.01%
- Freeport - Mcmoran Copper 0.01%
- Nutrien Ord Shs 0.01%
- Rio Tinto Ltd 0.01%
- Rio Tinto PLC 0.01%
Animal Cruelty
- Basf Se 3.75% 29/06/2032 0.10%
- Kraft Heinz Foods Company 4.125% 01/07/2027 0.10%
- Tesco Property Finance 3 PLC 5.744% 13/04/2040 0.10%
- Rentokil Initial Finance B.V. 4.375% 27/06/2030 0.08%
- Tesco Property Finance 2 PLC 6.0517% 13/10/2039 0.08%
- Danone SA 1% Perpetual 0.07%
- Nestle SA-Reg 0.07%
- Procter and Gamble Co/The 0.07%
- Pepsico Inc 0.06%
- Coca-Cola Co/The 0.05%
- Kraft Heinz Foods Company 4.875% 01/10/2049 0.05%
- LVMH Moet Hennessy Louis Vui 0.04%
- Kraft Heinz Foods Co 4.375% 01/06/2046 0.03%
- Tesco Property Finance 1 PLC 7.6227% 13/07/2039 0.03%
- Unilever PLC 0.03%
- 3M Co 0.02%
- L'Oreal SA 0.02%
- Mondelez International Inc-A 0.02%
- Air Liquide SA 0.01%
- Albemarle Corp 0.01%
- Archer-Daniels-Midland Co 0.01%
- Basf Se 0.01%
- Bayer AG-Reg 0.01%
- Canon Inc 0.01%
- Colgate-Palmolive Co 0.01%
- Constellation Brands Inc-A 0.01%
- Corteva Inc 0.01%
- Daikin Industries Ltd 0.01%
- Danone 0.01%
- Denso Corp 0.01%
- Dow Inc 0.01%
- Du Pont De Nemours 0.01%
- Ecolab Inc 0.01%
- Estee Lauder Cos Inc/The 0.01%
- General Mills Inc 0.01%
- Hermes International 0.01%
- Kao Corporation 0.01%
- Kellogg Co 0.01%
- Kering 0.01%
- Keurig Dr Pepper Ord Shs 0.01%
- Kimberly-Clark Corp 0.01%
- Koninklijke Ahold Delhaize Nv 0.01%
- Kraft Heinz Co/The 0.01%
- Nutrien Ord Shs 0.01%
- PPG Industries Inc 0.01%
- Ping An Insurance Group 0.01%
- Sherwin-Williams Co/The 0.01%
This data is compiled by Mindful Money from the fund information and portfolios
that each fund has
filed with the Disclose register to 30th Sept. 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.
About this fund
In their own words
The Conservative Fund invests mostly in income assets, which generally have lower levels of risk with the potential for lower returns. It also has a modest allocation to growth assets, which generally have higher levels of risk and potential returns. It aims to achieve relatively stable returns over the short to medium term.
| Value | $43M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 21st May 2018 |
| Total annual fund fees | 0.6% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.6% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Peter Forster |
Currently: Chair, BNZ Investment Review Committee (3 years, 0 months) |
|
Richard Ansell |
Currently: Member, BNZ Investment Review Committee (3 years, 0 months) |
|
Jason Wong |
Currently: Member, BNZ Investment Review Committee (2 years, 0 months) |
|
Louis Nel |
Currently: Member, BNZ Investment Review Committee (0 years, 9 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.
Investment Exclusions
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 concern | Does this fund say it excludes this? | Actual holdings |
|---|---|---|
| Adult Entertainment /Pornography | 0.00% | |
| Alcohol | 0.63% | |
| Animal Cruelty | 1.31% | |
| Fossil Fuels | 1.82% | |
| Gambling | 0.00% | |
| GMOs | 0.01% | |
| Human Rights & Environmental Violations | 0.93% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.00% | |
| 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 30th Sept. 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.
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.
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 |
|---|---|---|
| 2022 | -0.26% | -1.68% |
| 2021 | 8.99% | 6.58% |
| 2020 | 0.27% | 1.98% |
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 Dec. 2022.
Top 10 Investments
-
Bank Of China Call Account
New Zealand Cash and Equivalents A1.28% -
Bank Of New Zealand (BNZ) 4.261% 03/02/2023
New Zealand NZ Fixed Interest AA-1.08% -
ANZ Bank New Zealand Ltd Registered Certificate Of Deposit 06/04/2023
New Zealand Cash and Equivalents AA-0.94% -
NZ Government Bond 1.75% 15/05/2041
New Zealand NZ Fixed Interest AAA0.94% -
BNP Paribas Bank Account USD
United States Cash and Equivalents A+0.91% -
NZ Government Inflation Index Bond 2.186% 20/09/2025
New Zealand NZ Fixed Interest AAA0.85% -
Ird Deposit 4.7% 23/01/2023
New Zealand Cash and Equivalents AA+0.85% -
NZ Government Bond 0.5% 15/05/2024
New Zealand NZ Fixed Interest AAA0.83% -
Fisher & Paykel Healthcare Ltd
New Zealand Australasian Equities0.79% -
NZ Government Bond 4.5% 15/04/2027
New Zealand NZ Fixed Interest AAA0.73%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 25.0% | 26.74% |
| New Zealand Fixed Interest | 14.0% | 16.14% |
| International Fixed Interest | 41.0% | 37.93% |
| Australasian Equities | 7.0% | 7.11% |
| International Equities | 13.0% | 12.08% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.