Maritime KiwiSaver Balanced Portfolio

In their own words: "Invests in a wide range of assets, about 63% comprising growth assets such as shares and 37% comprising income assets such as bonds and cash. Suited to longer-term investors who want a diversified portfolio of assets with a high exposure to shares and other growth assets and are willing to accept more ups and downs than can be expected from the Conservative Portfolio."

At a glance:

Not Mindful
Type: Balanced fund
Past Returns: 6.52%

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

Annual Fees: 0.69%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND246
Name Maritime KiwiSaver Balanced Portfolio
Risk profile Balanced fund
Description Invests in a wide range of assets, about 63% comprising growth assets such as shares and 37% comprising income assets such as bonds and cash. Suited to longer-term investors who want a diversified portfolio of assets with a high exposure to shares and other growth assets and are willing to accept more ups and downs than can be expected from the Conservative Portfolio.
Value $11M NZD
Members 246
Market index description Weighted average of benchmarks as per SIPO
Disclosure Statement Period Sun March 31st 2019
Fund started Thu April 21st 2016
Three-year average return 6.52%
Market index past year return 7.00%
Past year return net charges and tax 4.86%
Past year return net of charges gross of tax 5.9%
Market index return since fund started 8.10%
Return since fund started net 6.50%
Total annual fund fees 0.69%
Total performance based fees 0.0%
Manager's basic fee 0.36%
Administration charges 0.34%
Total other charges 0.0
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% 4.86%
2018 5.63% 5.9%
2017 6.10% 8.79%

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:

  • ANZ W/S International Share Fund
    New Zealand International Equities
    31.2%
  • Hunter Global Fixed Interest
    New Zealand International Fixed Interest
    16.63%
  • AMP Global Index Share Fund
    New Zealand International Equities
    13.87%
  • AMP Capital NZ Fixed Interest Fund
    New Zealand New Zealand Fixed Interest
    8.91%
  • Bw Global Opportunistic Fixed Interest Fund
    Ireland International Fixed Interest
    7.21%
  • Salt NZ Dividend Appreciation Fund
    New Zealand Australasian Equities
    7.08%
  • AMP Australian Shares Fund
    New Zealand Australasian Equities
    6.55%
  • Nikko Multi-Strategy Fund
    New Zealand Other
    4.83%
  • AMP Capital NZ Cash Fund
    New Zealand Cash and Cash Equivalents
    3.72%

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 5.0% 3.7%
New Zealand Fixed Interest 9.0% 8.9%
International Fixed Interest 23.0% 23.8%
Australasian Equities 13.0% 13.6%
International Equities 45.0% 45.1%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 5.0% 4.8%
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

  • David Young

    Currently: Chair (3 years, 1 months)
    Previously: Chair (15 years, 0 months)

  • Joe Fleetwood

    Currently: Deputy Chair (3 years, 1 months)
    Previously: Deputy Chair (5 years, 0 months)

  • Simon Brodie

    Currently: Licensed Independent Trustee (3 years, 1 months)
    Previously: Independent Trustee (2 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
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    1.60%
  • Animal Testing:
    4.77%
  • Fossil Fuels:
    2.20%
  • Gambling:
    0.38%
  • GMOs:
    0.40%
  • Human Rights & Environmental Violations:
    1.97%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.00%
  • Weapons:
    0.51%

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

Royal Dutch Shell 0.04%
Bp Plc 0.04%
Phillips 66 0.01%
Total Sa 0.04%
Valero Energy Corp 0.01%
Repsol Sa 0.03%
Chevron Corp 0.07%
Anglo American Plc 0.03%
Omv Ag 0.02%
Lukoil Pjsc-Spon Adr 0.02%
Pjsc Tatneft Adr 0.02%
China Petroleum 0.02%
Marubeni Corp 0.02%
Equinor Asa 0.01%
Energy Transfer Partners Lp 150325 4.05 Cb 0.04%
Kinder Morgan Inc 011219 3.05 Cb 0.02%
Andeavor Logistics Lp 151019 5.50 Cb 0.01%
Exxon Mobil Corp 0.09%
Royal Dutch Shell Plc-A Shs 0.04%
Royal Dutch Shell Plc-B Shs 0.03%
Nextera Energy Inc 0.03%
Enbridge Inc 0.02%
BHP Group Ltd 0.39%
Conocophillips 0.02%
Dominion Energy Inc 0.02%
Suncor Energy Inc 0.01%
BHP Group Plc 0.01%
Eog Resources Inc 0.01%
Marathon Petroleum Corp 0.01%
Occidental Petroleum Corp 0.01%
Kinder Morgan Inc/De 0.01%
Gazprom Pjsc 0.01%
Eni Spa 0.01%
Petroleos Mexicanos (144A) 7.6900% Mat 01/23/2050 0.13%
Petroleos Mexicanos 6.7500% Mat 09/21/2047 0.02%
Woodside Petroleum Ltd 0.11%
Santos Ltd 0.05%
Origin Energy Ltd 0.05%
Apa Group 0.05%
South32 Ltd 0.04%
Oil Search Ltd 0.03%
Caltex Australia Ltd 0.02%
Beach Energy Ltd 0.02%

Weapons

Safran Sa 0.18%
United Technologies 0.14%
Bae Systems Plc 0.03%
Textron Inc 0.03%
Raytheon Co 0.02%
Oshkosh Corp 0.02%
Leonardo Spa 0.02%
Rheinmetall Ag 0.02%
Textron Inc 101120 Frn 0.02%

Gambling

Sands China Limited 0.02%
Wynn Resorts Ltd 0.02%
Mgm Resorts International 011020 6.75 Cb 0.02%
Sands China Ltd 080828 5.4 Cb 0.01%
Sky City Entertainment Group 0.10%
Aristocrat Leisure Ltd 0.08%
Tabcorp Holdings Ltd 0.04%
Crown Resorts Ltd 0.01%
The Star Entertainment Group L 0.01%

Alcohol

Lvmh Moet Hennessy 0.34%
Diageo Plc 0.03%
Pernod-Ricard Sa 0.23%
Heineken Nv 0.13%
Anheuser-Busch 0.11%
Carlsberg As - B Shs 0.09%
Ambev Sa-Adr 0.05%
Ambev Sa 0.04%
Molson Coors Brewing 0.01%
Anheuser Busch Inbev Nv 070325 1.75 Cb 0.04%
Pernod Ricard Sa 150122 4.45 Cb 0.03%
Pernod Ricard Sa 070421 5.75 Cb 0.01%
Lvmh Moet Hennessy Louis Vuitt 0.03%
Anheuser-Busch Inbev Sa/Nv 0.02%
Pernod Ricard Sa 0.01%
Treasury Wine Estates Ltd 0.04%
Metcash Ltd 0.01%

Palm Oil

GMOs

Bayer Ag 0.02%
Syngenta Finance Ag 230421 3.933 Cb 0.04%
Novartis Ag 0.05%
Basf Se 0.02%
Dupont De Nemours Inc 0.01%

Human Rights & Environmental Violations

Nestle Sa 0.10%
Essity Aktiebolag-B 0.28%
Johnson & Johnson 0.10%
Royal Dutch Shell 0.04%
Chevron Corp 0.07%
Leonardo Spa 0.02%
Archer Daniels 0.02%
Royal Dutch Shell Plc-A Shs 0.04%
Royal Dutch Shell Plc-B Shs 0.03%
BHP Group Ltd 0.39%
Duke Energy Corp 0.02%
BHP Group Plc 0.01%
Sempra Energy 0.01%
Vale Sa 0.01%

Animal Testing

Nestle Sa 0.097%
Lvmh Moet Hennessy 0.343%
Reckitt Benckiser 0.315%
Essity Aktiebolag-B 0.284%
Danone 0.246%
Bayer Ag 0.018%
Johnson & Johnson 0.099%
Unilever Nv Ord 0.181%
Akzo Nobel N.V 0.175%
Ppg Industries Inc 0.168%
Colgate Palmolive 0.159%
Koninklijke Dsm Nv 0.150%
Air Liquide 0.143%
Coca Cola Co 0.103%
Pepsico Inc 0.057%
Burberry Group Plc 0.075%
Royal Dutch Shell 0.041%
Glaxosmithkline Plc 0.031%
Walgreens Boots Alli 0.034%
Chevron Corp 0.067%
Solvay Sa 0.016%
Archer Daniels 0.016%
Bayer Motoren Werk 0.012%
Mitsubishi Gas Chem 0.012%
Sainsbury (J) Plc 0.012%
Syngenta Finance Ag 230421 3.933 Cb 0.044%
Danone Sa 021121 2.077 Cb 0.035%
Tesco Property Finance Plc 130440 5.744 Sf 0.027%
Bayer US Finance Ii Llc 151228 4.375 Cb 0.015%
Bayer US Finance Ii Llc 151225 4.25 Cb 0.015%
Reckitt Benckiser Treasury Services Plc 240622 Frn 0.013%
Procter & Gamble Co/The 0.092%
Coca-Cola Co/The 0.065%
Royal Dutch Shell Plc-A Shs 0.037%
Royal Dutch Shell Plc-B Shs 0.032%
Lvmh Moet Hennessy Louis Vuitt 0.032%
Unilever Nv 0.026%
L'Oreal Sa 0.021%
Basf Se 0.019%
Unilever Plc 0.019%
Air Liquide Sa 0.018%
Colgate-Palmolive Co 0.017%
Reckitt Benckiser Group Plc 0.015%
Ecolab Inc 0.015%
Danone Sa 0.015%
Air Products & Chemicals Inc 0.014%
Kimberly-Clark Corp 0.014%
Estee Lauder Cos Inc/The 0.012%
Walgreens Boots Alliance Inc 0.011%

Download the fund's disclosure statement and portfolio holdings.

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