Booster Balanced Fund

In their own words: "The Balanced Fund invests in a balanced mix of income assets and growth assets. It is suited to investors looking for a medium level of risk and are willing to accept a medium level of returns."

At a glance:

Not Mindful
Type: Balanced fund
Past Returns: *5.91%

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

Annual Fees: 1.27%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND1279
Name Booster Balanced Fund
Risk profile Balanced fund
Description The Balanced Fund invests in a balanced mix of income assets and growth assets. It is suited to investors looking for a medium level of risk and are willing to accept a medium level of returns.
Value $510M NZD
Members 35,842
Market index description The market index return is based on the weighted average return of the market indices used in respect of the underlying asset classes as described in the Statement of Investment Policy and Objectives.
Disclosure Statement Period Mon Sept. 30th 2019
Fund started Mon Oct. 1st 2007
Three-year average return *5.91%
Market index past year return 10.09%
Past year return net charges and tax 5.5%
Past year return net of charges gross of tax 7.03%
Market index return since fund started 6.18%
Return since fund started net 4.42%
Total annual fund fees 1.27%
Total performance based fees 0.03%
Manager's basic fee 1.16%
Administration charges 0.08%
Total other charges 36.0
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 5.68% 6.4%
2018 5.63% 5.42%
2017 6.10% 7.18%
2016 4.01% 2.18%
2015 11.09% 10.94%
2014 7.28% 4.24%
2013 10.75% 7.47%
2012 1.75% -0.94%
2011 5.30% 3.36%
2010 16.19% 18.36%

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:

  • Vanguard Int'L Shares Select Exclusions Fund - NZD Hgd
    Australia Fund
    17.48%
  • Vanguard Ethically Conscious Gbl Agg Bond Index Fund NZD Hgd
    Australia Fund
    13.07%
  • Vanguard Int'L Fixed Interest Index Fund (AUD Hgd)
    Australia Fund
    4.12%
  • Vanguard Emerging Markets Share Index Fund
    Australia Fund
    2.89%
  • Vanguard Int'L Credit Sec. Index Fund (AUD Hgd)
    Australia Fund
    2.77%
  • Vanguard Int'L Prop Sec. Index Fund (AUD Hgd)
    Australia Fund
    1.87%
  • NZ Govt Stock 6.0% 15/05/2021
    New Zealand NZ Fixed Interest AA+
    1.36%
  • NZ Cash (BNZ Bank Trust Account)
    New Zealand Cash and Equivalents AA-
    1.19%
  • The A2 Milk Company Limited
    New Zealand Australasian Equities
    1.09%
  • New Zealand Government Stock 3.0% 20/04/2029
    New Zealand NZ Fixed Interest AA+
    1.05%

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 2.0% 10.92%
New Zealand Fixed Interest 17.0% 13.09%
International Fixed Interest 26.0% 19.77%
Australasian Equities 18.0% 18.17%
International Equities 30.0% 31.82%
Listed Properties 7.0% 3.73%
Unlisted Properties 0.0% 2.5%
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

  • Aaron Usher

    Currently: Portfolio Manager - Australasian Equities, Booster Financial Services Limited (1 years, 11 months)
    Previously: Equity Analyst, Booster Financial Services Limited (5 years, 9 months)

  • Allan Yeo

    Currently: Managing Director, Booster Financial Services Limited (21 years, 4 months)
    Previously: Associate Director, Barclays Bank plc (2 years, 0 months)

  • Bhanu Singh

    Currently: Director and Head of Asia Pacific Portfolio Management, Dimensional Fund Advisors (4 years, 1 months)
    Previously: Portfolio Manager, Dimensional Fund Advisors (5 years, 3 months)

  • David Beattie

    Currently: Principal, Booster Financial Services Limited (1 years, 4 months)
    Previously: CIO, Booster Financial Services Limited (17 years, 6 months)

  • Don Stewart

    Currently: Executive Director, Stewart Financial Group Limited (32 years, 9 months)
    Previously: Financial Adviser, National Mutual Limited (13 years, 8 months)

  • Jed Fogdall

    Currently: Head of Global Portfolio Management and Chair of the Investment Committee (0 years, 7 months)
    Previously: Co-Head of Portfolio Management and Vice President, Dimensional Fund Advisors (7 years, 9 months)

  • Joseph Chi

    Currently: Ex officio member of the Investment Committee (0 years, 7 months)
    Previously: Co-Head of Portfolio Management and Vice President, Dimensional Fund Advisors (7 years, 9 months)

  • Nic Craven

    Currently: Senior Manager - Research, Booster Financial Services Limited (1 years, 4 months)
    Previously: Research Manager, Booster Financial Services Limited (4 years, 2 months)

  • Nicholas Stewart

    Currently: Executive Director, Stewart Financial Group Limited (17 years, 4 months)
    Previously: Wealth Manager, Stewart Financial Group Limited (1 years, 9 months)

  • Rowan Calvert

    Currently: Portfolio Manager - Global Equities, Booster Financial Services Limited (1 years, 11 months)
    Previously: Senior Equity Analyst, Booster Financial Services Limited (7 years, 4 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
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.86%
  • Animal Testing:
    2.43%
  • Fossil Fuels:
    2.59%
  • Gambling:
    0.52%
  • GMOs:
    0.34%
  • Human Rights & Environmental Violations:
    1.35%
  • Palm Oil:
    0.04%
  • Tobacco:
    0.03%
  • Weapons:
    0.13%

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 Group Limited 0.35%
Total Sa 0.06%
BHP Billiton Adr 0.16%
Equinor Asa 0.14%
Woodside Petroleum Limited 0.13%
Origin Energy Limited 0.08%
Apa Group 0.04%
Exxon Mobil Corp. 0.12%
Chevron Corp. 0.10%
Bp Plc 0.06%
Royal Dutch Shell Plc Class A 0.05%
Nextera Energy Inc. 0.05%
Royal Dutch Shell Plc Class B 0.05%
Enbridge Inc. 0.03%
Dominion Energy Inc. 0.03%
Conocophillips 0.03%
Phillips 66 0.02%
Suncor Energy Inc. 0.02%
BHP Group Plc 0.02%
Eni Spa 0.02%
Marathon Petroleum Corp. 0.02%
Kinder Morgan Inc./De 0.02%
Eog Resources Inc. 0.02%
Occidental Petroleum Corp. 0.02%
Glencore Plc 0.01%
Canadian Natural Resources Ltd. 0.01%
Oneok Inc. 0.01%
Anglo American Plc 0.01%
Repsol Sa 0.01%
Pembina Pipeline Corp. 0.01%
Lyondellbasell Industries Nv Class A 0.01%
Reliance Industries Ltd. 0.03%
Gazprom Pjsc 0.02%
Lukoil Pjsc 0.02%
Cnooc Ltd. 0.01%
Novatek Pjsc Gdr 0.01%
Viva Energy Group Ltd 0.01%
Beach Energy Ltd 0.01%

Weapons

Raytheon Co. 0.02%
Safran Sa 0.02%
Transdigm Group Inc. 0.01%

Tobacco

Gambling

Sky City Entertainment Group Ltd 0.33%
Aristocrat Leisure Limited 0.05%
Las Vegas Sands Corp. 0.01%
Tabcorp Holdings Ltd 0.04%
Crown Resorts Ltd 0.02%
Star Entertainment Grp Ltd/The 0.02%

Alcohol

Waimea Estates (Nelson) Limited 0.40%
Lvmh Moet Hennessy Louis Vuitton Sa 0.17%
Lvmh Moet Hennessy Louis Vuitton Se 0.05%
Diageo Plc 0.04%
Anheuser-Busch Inbev Sa/Nv 0.03%
Pernod Ricard Sa 0.02%
Constellation Brands Inc. Class A 0.01%
Heineken Nv 0.01%
Metcash Ltd 0.01%

Palm Oil

GMOs

Novartis Ag 0.08%
Bayer Ag 0.03%
Basf Se 0.03%
Dupont De Nemours Inc. 0.02%
Nutrien Ltd. 0.01%

Human Rights & Environmental Violations

BHP Group Limited 0.35%
BHP Billiton Adr 0.16%
Johnson & Johnson 0.15%
Nestle Sa 0.14%
Royal Dutch Shell Plc Class A 0.05%
Royal Dutch Shell Plc Class B 0.05%
Duke Energy Corp. 0.03%
BHP Group Plc 0.02%
Sempra Energy 0.02%
Glencore Plc 0.01%
Barrick Gold Corp. 0.01%
Nutrien Ltd. 0.01%
Archer-Daniels-Midland Co. 0.01%
Vale Sa 0.02%
Petroleo Brasileiro Sa Preference Shares 0.02%
Petroleo Brasileiro Sa 0.01%

Animal Testing

Givaudan Sa 0.012%
Lvmh Moet Hennessy Louis Vuitton Sa 0.170%
Johnson & Johnson 0.154%
L'Oreal Sa 0.012%
Unilever Nv-Cva 0.110%
Orica Limited 0.020%
Nestle Sa 0.143%
Procter & Gamble Co. 0.136%
Coca-Cola Co. 0.096%
Pepsico Inc. 0.084%
Royal Dutch Shell Plc Class A 0.054%
Lvmh Moet Hennessy Louis Vuitton Se 0.052%
Glaxosmithkline Plc 0.051%
Royal Dutch Shell Plc Class B 0.049%
Unilever Nv 0.038%
Bayer Ag 0.031%
Basf Se 0.030%
Unilever Plc 0.030%
Reckitt Benckiser Group Plc 0.024%
Colgate-Palmolive Co. 0.024%
Danone Sa 0.023%
Ecolab Inc. 0.021%
Kimberly-Clark Corp. 0.021%
Air Products & Chemicals Inc. 0.021%
Walgreens Boots Alliance Inc. 0.017%
Air Liquide Sa Common Stock 0.017%
Estee Lauder Cos. Inc. Class A 0.017%
Shiseido Co. Ltd. 0.014%
Tesco Plc 0.012%
General Mills Inc. 0.012%
Ppg Industries Inc. 0.012%
Kraft Heinz Co. 0.010%
Archer-Daniels-Midland Co. 0.010%
Hindustan Unilever Ltd. 0.012%

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 investment. Past returns are not a guide to future returns. 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.