BNZ Youwealth Conservative Fund

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Not Mindful

Fund type: Conservative fund

Past Returns: 2.29%

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

Annual Fees: 0.6%

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

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 Testing

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 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
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 Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • Westpac New Zealand Ltd. Registered Certificate Of Deposit 28/11/2022
    New Zealand Cash and Equivalents AA-
    0.98%
  • Bank Of New Zealand (BNZ) 4.261% 03/02/2023
    New Zealand NZ Fixed Interest AA-
    0.97%
  • NZ Government Bond 1.75% 15/05/2041
    New Zealand NZ Fixed Interest AAA
    0.94%
  • Ird Deposit 3.6% 10/10/2022
    New Zealand Cash and Equivalents AA+
    0.89%
  • Westpac New Zealand Ltd. Registered Certificate Of Deposit 07/11/2022
    New Zealand Cash and Equivalents AA-
    0.86%
  • ANZ Bank New Zealand Ltd. Registered Certificate Of Deposit 28/11/2022
    New Zealand Cash and Equivalents AA-
    0.86%
  • NZ Government Inflation Index Bond 2.186% 20/09/2025
    New Zealand NZ Fixed Interest AAA
    0.84%
  • Bank Of China Call Account
    New Zealand Cash and Equivalents A
    0.84%
  • NZ Government Bond 2% 15/05/2032
    New Zealand NZ Fixed Interest AAA
    0.79%
  • ASB Bank Ltd. Registered Certificate Of Deposit 28/11/2022
    New Zealand Cash and Equivalents AA-
    0.73%

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.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 25.0% 27.85%
New Zealand Fixed Interest 14.0% 16.07%
International Fixed Interest 41.0% 37.74%
Australasian Equities 7.0% 6.83%
International Equities 13.0% 11.51%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

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 concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.63%
  • Animal Testing:
    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 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.

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 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 Fri Sept. 30th 2022
Fund started Mon May 21st 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 (2 years, 9 months)
Previously: General Manager Wealth, BNZ (current position) (4 years, 1 months)

Richard Ansell

Currently: Member, BNZ Investment Review Committee (2 years, 9 months)
Previously: Director, BNZ Investment Services Limited (current position) (3 years, 7 months)

Jason Wong

Currently: Member, BNZ Investment Review Committee (1 years, 9 months)
Previously: Senior Markets Strategist, BNZ (current position) (6 years, 9 months)

Hayden Griffiths

Currently: Member, BNZ Investment Review Committee (1 years, 9 months)
Previously: Executive Director and Head of Asset Allocation, JBWere (current position) (13 years, 3 months)

Louis Nel

Currently: Member, BNZ Investment Review Committee (0 years, 6 months)
Previously: Head of Investment Solutions Wealth, BNZ (current position) (11 years, 8 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 2022.

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.