Westpac Conservative Fund

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Not Mindful
Type: Conservative fund
Past Returns: 3.02%

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

Annual Fees: 0.7%

Annual fees, including any membership and % management 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

Kinder Morgan, Inc. 5.0% 15-Feb-2021 0.05%
Sunoco Logistics Partners Operations Lp 4.25% 01-Apr-2024 0.04%
Firstenergy Corp. 2.65% 01-Mar-2030 0.04%
Sunoco Logistics Partners Operations Lp 4.4% 01-Apr-2021 0.04%
Hess Corporation 3.5% 15-Jul-2024 0.04%
Aker Bp Asa 3.75% 15-Jan-2030 0.03%
Nextera Energy, Inc. 0.03%
Marathon Petroleum Corporation 5.125% 15-Dec-2026 0.03%
Firstenergy Corp. 7.375% 15-Nov-2031 0.02%
Energy Transfer Operating, L.P. 2.9% 15-May-2025 0.02%
Dominion Energy, Inc. 4.25% 01-Jun-2028 0.02%
Williams Companies, Inc. 4.55% 24-Jun-2024 0.01%
Kinder Morgan, Inc. 5.625% 15-Nov-2023 0.01%
American Electric Power Company, Inc. 0.01%
Aker Bp Asa 3.0% 15-Jan-2025 0.01%
Kinder Morgan Inc Class P 0.01%
Firstenergy Corp. 3.4% 01-Mar-2050 0.01%
Magellan Midstream Partners, L.P. 0.01%
Rwe Ag 0.01%
Engie Sa 1.75% 27-Mar-2028 0.01%
Anglo American Plc 0.01%

Weapons

Gambling

Sky City Entertainment Group 0.07%
Sands China Ltd. 5.125% 08-Aug-2025 0.02%
Galaxy Entertainment Group Limited 0.01%
Melco Resorts and Entertainment Ltd Shs Sponsored American Deposit Receipt Repr 3 Shs 0.01%

Alcohol

Anheuser-Busch Cos. Llc 3.65% 01-Feb-2026 0.09%
Lvmh Moet Hennessy Louis Vuitton Se 0.07%
Diageo Plc 0.06%
Pernod Ricard Sa 0.05%
Anheuser-Busch Inbev Sa/Nv @Na 02-Apr-2032 0.03%
Anheuser-Busch Inbev Sa/Nv @Na 02-Apr-2040 0.03%
Anheuser-Busch Inbev Worldwide, Inc. 5.55% 23-Jan-2049 0.03%
Heineken Nv 1.0% 04-May-2026 0.02%
Heineken Nv 0.02%
Carlsberg A/S Class B 0.02%
Ambev Sa Sponsored Adr 0.01%

Palm Oil

GMOs

Bayer Ag 0.06%
Novartis Ag 0.02%

Human Rights & Environmental Violations

Nestle S.A. 0.10%
Johnson & Johnson 0.06%
Rio Tinto Ltd 0.03%
Rio Tinto Plc 0.01%
Freeport-Mcmoran, Inc. 0.01%

Animal Testing

Nestle S.A. 0.100%
Lvmh Moet Hennessy Louis Vuitton Se 0.070%
Bayer Ag 0.060%
Johnson & Johnson 0.060%
Colgate-Palmolive Company 0.050%
Reckitt Benckiser Group Plc 0.050%
Procter & Gamble Company 0.040%
Danone Sa 0.040%
Air Liquide Sa 0.030%
Akzo Nobel N.V. 0.020%
Ppg Industries, Inc. 0.020%
Pepsico, Inc. 0.020%
Estee Lauder Companies Inc. Class A 0.010%
Ecolab Inc. 0.010%
Coca-Cola Company 0.010%
Givaudan Sa 0.010%
L'Oreal Sa 0.010%
General Mills, Inc. 0.010%
Beiersdorf Ag 0.010%
Coca-Cola Femsa Sab De Cv 2.75% 22-Jan-2030 0.010%
Symrise Ag 0.010%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2020 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.

A summary of this fund and its details.

Number FND341
Name Westpac Conservative Fund
Risk profile Conservative fund
Description The Conservative Fund aims to provide stable returns over the short to medium term. The fund invests primarily in income assets but also has an allocation to growth assets. Volatility is expected to be higher than the Default Fund but lower than the Moderate Fund in the Westpac KiwiSaver Scheme.
Value $2.6B NZD
Members 193,761
Market index description The composite index return reflects a composite of benchmark index returns, weighted for the fund’s target asset allocation. The benchmark indices used for each asset class are defined in the Statement of Investment Policy and Objectives (SIPO).
Disclosure Statement Period Tue March 31st 2020
Fund started Mon Oct. 1st 2007
Three-year average return 3.02%
Market index past year return 1.49%
Past year return net charges and tax 0.16%
Past year return net of charges gross of tax 0.53%
Market index return since fund started 5.97%
Return since fund started net 4.21%
Total annual fund fees 0.7%
Total performance based fees 0.0%
Manager's basic fee 0.55%
Administration charges 0.15%
Total other charges 27.0
Total other charges currency NZD

Key Personnel

  • Angelika Sansom

    Currently: Investment Analytics Manager (18 years, 7 months)
    Previously: Investment Consultant, Mercer (2 years, 4 months)

  • Angus Allison

    Currently: Senior Credit Analyst (0 years, 10 months)
    Previously: Director, Barclays (2 years, 5 months)

  • Francois Richeboeuf

    Currently: Acting Head of Investment Solutions (0 years, 2 months)
    Previously: Senior Portfolio Manager (9 years, 2 months)

  • Nigel Jackson

    Currently: Acting Head of Investments & Insurance (3 years, 1 months)
    Previously: Head of Customer Proposition (7 years, 7 months)

  • Stephen Hong

    Currently: Senior Portfolio Manager (7 years, 6 months)
    Previously: Portfolio Manager, AXA Global Investors (5 years, 9 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2020 .

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
2020 1.07% 0.16%
2019 4.40% 4.34%
2018 3.80% 4.56%
2017 4.16% 2.92%
2016 3.52% 3.51%
2015 8.10% 7.9%
2014 3.88% 3.45%
2013 6.92% 7.24%
2012 3.16% 3.11%
2011 5.06% 5.08%

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 KiwiSaver fund has filed with Disclose register to 31 March 2020 .

Showing the top 10 investments for this fund:

  • US 5Yr Note (Cbt)
    United States Int Fixed Interest UNRATED
    3.43%
  • US 2Yr Note (Cbt)
    United States Int Fixed Interest UNRATED
    1.45%
  • A2 Milk Company Ltd
    New Zealand Australasian Equities
    1.38%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    1.34%
  • NZ Government Bond 5.5% 15/04/2023
    New Zealand NZ Fixed Interest AA+
    1.11%
  • Westpac 32 Day Notice Deposit
    New Zealand Cash and Equivalents AA-
    1.11%
  • NZ Government Bond 3% 20/04/2029
    New Zealand NZ Fixed Interest AA+
    0.96%
  • NZ Government Bond 4.50% 15/04/2027
    New Zealand NZ Fixed Interest AA+
    0.84%
  • K2 Alternative Strategies NZ Portfolio
    Cayman Islands Other
    0.83%
  • NZ Government Bond 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AA+
    0.82%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 31 March 2020 .

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 20.0% 18.76%
New Zealand Fixed Interest 24.0% 25.1%
International Fixed Interest 31.0% 31.77%
Australasian Equities 9.0% 9.21%
International Equities 10.0% 10.27%
Listed Properties 4.0% 3.46%
Unlisted Properties 0.0% 0.0%
Other 2.0% 1.43%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2020 .

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
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.46%
  • Animal Testing:
    0.76%
  • Fossil Fuels:
    0.60%
  • Gambling:
    0.15%
  • GMOs:
    0.10%
  • Human Rights & Environmental Violations:
    0.25%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.00%
  • Weapons:
    0.01%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2020 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.

In their own words: "The Conservative Fund aims to provide stable returns over the short to medium term. The fund invests primarily in income assets but also has an allocation to growth assets. Volatility is expected to be higher than the Default Fund but lower than the Moderate Fund in the Westpac KiwiSaver Scheme."

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.