QuayStreet Conservative Fund

In their own words: "A diversified portfolio, with an emphasis on fixed interest investments and less exposure to growth assets, targeting a return above the Fund’s benchmark return."

Not Mindful
Type: Conservative fund
Past Returns: 4.09%

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

Annual Fees: 0.79%

Annual fees, including membership and % management fee.

A summary of this fund and it's details.

Number FND825
Name QuayStreet Conservative Fund
Risk profile Conservative fund
Description A diversified portfolio, with an emphasis on fixed interest investments and less exposure to growth assets, targeting a return above the Fund’s benchmark return.
Value $15M NZD
Members 700
Market index description Market Index weighted 10% MSCI World Index (NZD), 5% S&P/NZX 50 Index, 5% S&P/ASX 200 Index, 60% S&P/NZX Investment Grade Corporate Bond Index and 20% NZX 90 day Bank Bill Index.
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Tue Oct. 23rd 2007
Three-year average return 4.09%
Market index past year return 8.65%
Past year return net charges and tax 6.27%
Past year return net of charges gross of tax 7.58%
Market index return since fund started 6.17%
Return since fund started net 4.17%
Total annual fund fees 0.79%
Total performance based fees 0.0%
Manager's basic fee 0.65%
Administration charges 0.14%
Total other charges 40.04
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 4.40% 4.19%
2018 3.80% 4.06%
2017 4.16% 4.02%
2016 3.52% 4.2%
2015 8.10% 6.49%
2014 3.88% 2.03%
2013 6.92% 6.3%
2012 3.16% 1.53%
2011 5.06% 4.04%
2010 10.26% 4.71%

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:

  • ASB Term Deposit 2.50% 30/11/2020
    New Zealand Cash and Equivalents
    8.9%
  • Cash ANZNZ (NZD)
    New Zealand Cash and Equivalents
    7.53%
  • Ishares Core S&P 500 ETF
    United States International Equities
    4.3%
  • Msci Eafe Incl Canada Trs
    United States International Equities
    3.1%
  • Vector (Mar 2024)
    New Zealand NZ Fixed Interest
    2.29%
  • Sydney Airport Inflation Linked (Nov 2020)
    Australia Int Fixed Interest
    2.15%
  • NZ Govt Inflation Linked (Sep 2025)
    New Zealand NZ Fixed Interest
    2.12%
  • Cash Citibank (USD)
    New Zealand Cash and Equivalents
    1.87%
  • ASB Term Deposit 2.71% 25/06/2020
    New Zealand Cash and Equivalents
    1.6%
  • Chorus (May 2021)
    New Zealand NZ Fixed Interest
    1.57%

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 20.0% 27.24%
New Zealand Fixed Interest 60.0% 40.51%
International Fixed Interest 0.0% 14.13%
Australasian Equities 10.0% 8.81%
International Equities 10.0% 8.72%
Listed Properties 0.0% 0.59%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

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

Key Personnel

  • Andrew South

    Currently: Investment Manager Australasian Equities (5 years, 6 months)
    Previously: Chief Investment Officer, Brook Asset Management Limited (4 years, 1 months)

  • James Ring

    Currently: Investment Manager International Equities (5 years, 6 months)
    Previously: Investment Manager, Rank Group Limited (1 years, 0 months)

  • Roy Cross

    Currently: Senior Analyst (5 years, 6 months)
    Previously: Senior Analyst, Brook Asset Management Limited (8 years, 7 months)

  • Stefan Stevanovic

    Currently: Senior Analyst (5 years, 6 months)
    Previously: Research Analyst, Brook Asset Management Limited (6 years, 7 months)

  • Xavier Waterstone

    Currently: Senior Analyst (1 years, 4 months)
    Previously: Senior Analyst, Diogenes Research Pty Limited (1 years, 6 months)

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
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.14%
  • Animal Testing:
    0.39%
  • Fossil Fuels:
    1.23%
  • Gambling:
    0.20%
  • GMOs:
    0.05%
  • Human Rights & Environmental Violations:
    0.44%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.04%
  • Weapons:
    0.15%

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

BHP Billiton Ltd 0.26%
Apt Pipelines (March 2025) 0.23%
Santos 0.19%
Apt Pipelines (Oct 2022) 0.11%
South32 0.10%
Whitehaven Coal 0.04%
Caltex Australia 0.03%
Exxon Mobil Corp 0.05%
Chevron Corp 0.04%
Nextera Energy Inc 0.02%
Dominion Energy Inc 0.01%
Conocophillips 0.01%
Reliance Industries Ltd 0.03%

Weapons

Boeing 0.04%
Honeywell International Inc 0.02%
United Technologies Corp 0.02%
Lockheed Martin Corp 0.02%
Raytheon 0.01%
Northrop Grumman Corp 0.01%

Tobacco

Philip Morris International Inc 0.02%
Altria Group Inc 0.02%

Gambling

Aristocrat Leisure 0.15%
Crown Resorts 0.05%

Alcohol

Delegat'S Group 0.07%
Graincorp 0.04%
Altria Group Inc 0.02%

GMOs

Nutrien Ltd 0.04%

Human Rights & Environmental Violations

BHP Billiton Ltd 0.26%
Nutrien Ltd 0.04%
Johnson & Johnson 0.06%
Chevron Corp 0.04%
Duke Energy Corp 0.01%

Animal Testing

Johnson & Johnson 0.062%
Procter & Gamble 0.054%
Chevron Corp 0.042%
Coca-Cola 0.037%
Pepsico Inc 0.033%
Philip Morris International Inc 0.023%
Honeywell International Inc 0.023%
Altria Group Inc 0.016%
Colgate-Palmolive 0.010%

Download the fund's disclosure statement and portfolio holdings.

Latest news

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.