NZ Defence Force Conservative Fund

In their own words: "Invests mostly in cash and fixed interest, with only limited investment in growth assets such as shares and real assets. May be suitable for investors who want to achieve slightly higher returns than those expected from investing solely in cash. Investors need to be comfortable with the possibility of some fluctuations in returns."

Not Mindful
Type: Defensive fund
Past Returns: 3.50%

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

Annual Fees: 0.78%

Annual fees, including membership and % management fee.

A summary of this fund and it's details.

Number FND33
Name NZ Defence Force Conservative Fund
Risk profile Defensive fund
Description Invests mostly in cash and fixed interest, with only limited investment in growth assets such as shares and real assets. May be suitable for investors who want to achieve slightly higher returns than those expected from investing solely in cash. Investors need to be comfortable with the possibility of some fluctuations in returns.
Value $4.7M NZD
Members 279
Market index description The composite index return is the strategic asset allocation weighted benchmark index return, where the benchmark indices are defined in the Statement of Investment Policy and Objectives. Additional information about the composite index is available on the offer register.
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Fri Oct. 9th 2015
Three-year average return 3.50%
Market index past year return 8.84%
Past year return net charges and tax 6.78%
Past year return net of charges gross of tax 8.17%
Market index return since fund started 5.38%
Return since fund started net 3.74%
Total annual fund fees 0.78%
Total performance based fees 0.0%
Manager's basic fee 0.5%
Administration charges 0.28%
Total other charges 30.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2019 2.26% 3.55%
2018 2.15% 3.48%
2017 1.38% 3.48%

The market index is the average NZ KiwiSaver 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 KiwiSaver fund has filed with Disclose register to 30 September 2019.

Showing the top 10 investments for this fund:

  • AMP Capital Investors NZ Cash Fund
    New Zealand Cash and Equivalents NA
    31.0%
  • Robeco Global Credit Fund
    Australia Int Fixed Interest NA
    3.47%
  • New Zealand Government Bond 5.5% 15/04/2023
    New Zealand NZ Fixed Interest AA+
    2.09%
  • New Zealand Government Bond 6% 15/05/2021
    New Zealand NZ Fixed Interest AA+
    1.32%
  • New Zealand Government Bond 3.5% 14/04/2033
    New Zealand NZ Fixed Interest AA+
    1.22%
  • New Zealand Government Indexed Bond 2% 20/09/2025
    New Zealand NZ Fixed Interest AA+
    1.16%
  • Housing New Zealand Ltd 3.42% 18/10/2028
    New Zealand NZ Fixed Interest AA+
    1.16%
  • Westpac Business Interset Account
    New Zealand Cash and Equivalents AA-
    1.0%
  • New Zealand Local Government Funding Agency Bond 2.75% 15/04/2025
    New Zealand NZ Fixed Interest AA+
    0.89%
  • Aviva Investors Multi-Strategy Fixed Income Fund
    Australia Int Fixed Interest NA
    0.87%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 30.0% 32.89%
New Zealand Fixed Interest 15.0% 13.74%
International Fixed Interest 35.0% 32.41%
Australasian Equities 5.0% 3.61%
International Equities 11.0% 12.63%
Listed Properties 0.88% 0.9%
Unlisted Properties 0.87% 1.15%
Unknown None% 0.0%
Other 1.75% 2.15%
Commodities 0.5% 0.52%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Key Personnel

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a 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
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.30%
  • Animal Testing:
    0.75%
  • Fossil Fuels:
    1.10%
  • Gambling:
    0.16%
  • GMOs:
    0.15%
  • Human Rights & Environmental Violations:
    0.36%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.04%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 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 and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

Note that many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons

Specific companies invested in:

Fossil Fuel

Rubis Eur1.25 0.06%
BHP Group Plc 0.04%
Total Sa 0.03%
Exxon Mobil Corp 3.043% Due 03-01-2026 0.03%
Apt Pipelines Ltd 4.25% Due 07-15-2027 0.03%
Royal Dutch Shell Plc-B Shs 0.02%
Pvtpl Eni S P A Nt X 4.75% Due 09-12-2028 0.02%
Statoil Asa 2.65% Due 01-15-2024 0.02%
Total Capital Intl 3.75% Gtd Snr 10/04/24 USD 0.02%
Kirby Corp 0.02%
Oneok Partners L P 3.375% Due 10-01-2022 0.02%
BHP Group Limited Ordinary Fully Paid 0.02%
Eog Resources Inc 0.02%
Kinder Morgan Inc 1.5% Due 03-16-2022 0.02%
Cnooc Fin 2011 Ltd 4.25 Due 01-26-2021 0.02%
Apache Corp 0.02%
Snam Spa 0.02%
Korea Gas Corp 3.875% Due 02-12-2024 0.02%
Omv Ag 0.02%
Eni Spa 0.02%
Chevron Corp 0.02%
Exxon Mobil Corporation 0.02%
Gazprom Pjsc Spon Adr 0.02%
Amerada Hess Corp 7.3% Due 08-15-2031 0.01%
Lyondellbasell Industries 0.01%
Gaz Capital Sa 3.125% Snr 17/11/2023 EUR 0.01%
Repsol Sa 0.01%
Royal Dutch Shell Plc - A Shares 0.01%
Engie Aug5 0.01%
Marathon Pete Corp 5.125% 05-22-2019 0.01%
Mplx Lp Fltg Rt 09-09-2022 Reg 0.01%
Energy Transfer Fixed 7.5% Due 10-15-2020 0.01%
Enbridge Inc 0.01%
Bp Cap Mkts P L C 3.994% Due 09-26-2023 0.01%
Valero Energy Corp 0.01%
Bp Capital Markets 0.831% Gtd Snr 08/11/27 EUR 0.01%
Noble Energy Inc 5.05% Due 11-15-2044 0.01%
Noble Energy Inc 3.85% Due 01-15-2028 0.01%
Bp Cap Mkts Amer Fixed 3.017% Due 01-16-2027 0.01%
Phillips 66 Com Usd0.01 0.01%
China Petroleum & Chemical 0.01%
Pvtpl Nextera Energy Oper Partners Lp 144A 4.25% 07-15-2024 0.01%
Marathon Pete Corp 4.75% Due 09-15-2044 0.01%
Kinder Morgan Energy Partners Lp 0.05%

Weapons

Gambling

Skycity Entertainment Group Limited 0.08%
Aristocrat Leisure Ltd 0.05%
Pvtpl Wynn Resorts Fin Llc/Wynn Resorts Cap Sr Nt 5.125% Due 10-01-2029 0.01%
Sands China Limited 0.01%

Alcohol

Diageo Ord 28 101/108P 0.05%
Carlsberg As - B 0.03%
Pernod-Ricard Sa 0.03%
Constellation Brands Inc 3.15% 08-01-2029 Beo 0.02%
Anheuser-Busch Cos Llc Corp 4.7% 02-01-2036 0.02%
Anheuser-Busch Cos Llc Corp 4.9% 02-01-2046 0.02%
Anheuser-Busch 4.375% Due 04-15-2038 0.02%
Anheuser Busch Inbev Wor 5.55% 01-23-2049 0.01%
Molson Coors Brewing Co B 0.01%
Lvmh Moet Hennessy Vuitton Se 0.01%

GMOs

Novartis Ag - Chf0.50 (Regd) 0.12%
Nutrien Ltd 3.375% Due 03-15-2025 0.02%

Human Rights & Environmental Violations

Johnson & Johnson Com US$1 0.07%
Nestle Sa 0.07%
BHP Group Plc 0.04%
Royal Dutch Shell Plc-B Shs 0.02%
Nutrien Ltd 3.375% Due 03-15-2025 0.02%
BHP Group Limited Ordinary Fully Paid 0.02%
Chevron Corp 0.02%
Royal Dutch Shell Plc - A Shares 0.01%
Sempra Energy USD 0.01%
Tokyo Electric Power Company Holdings Incorporated 0.01%
Centerra Gold Inc 0.01%

Animal Testing

Johnson & Johnson Com US$1 0.070%
Nestle Sa 0.070%
Procter & Gamble Company 0.070%
Pepsico Inc Cap US$0.01 2/3 0.050%
Coca Cola Co USD 0.050%
Estee Lauder Companies 0.040%
Glaxosmithkline Plc 0.030%
Colgate Palmolive Usd1 0.030%
Glaxosmithkline 6.375% Due 05-15-2038 0.030%
Unilever Nv Eur0.16 0.020%
Royal Dutch Shell Plc-B Shs 0.020%
Glaxosmithkline Ca 0% Gtd Snr 12/09/2020Eur 0.020%
Unilever Plc 0.020%
Kimberly Clark 6.625% Due 08-01-2037 0.020%
Kimberly Clark Corp Com Usd1.25 0.020%
Chevron Corp 0.020%
Royal Dutch Shell Plc - A Shares 0.010%
Walgreens Boots Al Com Usd0.01 0.010%
Lvmh Moet Hennessy Vuitton Se 0.010%
Church & Dwight Co 0.010%

Download the fund's disclosure statement and portfolio holdings.

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