Westpac Balanced Fund

In their own words: "The Balanced Fund aims to provide medium returns over the medium to long term. The fund has a higher benchmark allocation to growth assets than to income assets. Volatility is expected to be higher than the Moderate Fund but lower than the Growth Fund in the Westpac KiwiSaver Scheme."

At a glance:

Not Mindful
Type: Balanced fund
Past Returns: 6.39%

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

Annual Fees: 0.84%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND343
Name Westpac Balanced Fund
Risk profile Balanced fund
Description The Balanced Fund aims to provide medium returns over the medium to long term. The fund has a higher benchmark allocation to growth assets than to income assets. Volatility is expected to be higher than the Moderate Fund but lower than the Growth Fund in the Westpac KiwiSaver Scheme.
Value $1.7B NZD
Members 99,775
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 Dec. 31st 2019
Fund started Mon Oct. 1st 2007
Three-year average return 6.39%
Market index past year return 17.13%
Past year return net charges and tax 14.54%
Past year return net of charges gross of tax 15.88%
Market index return since fund started 8.94%
Return since fund started net 7.01%
Total annual fund fees 0.84%
Total performance based fees 0.0%
Manager's basic fee 0.65%
Administration charges 0.19%
Total other charges 27.0
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% 5.72%
2018 5.63% 7.89%
2017 6.10% 5.55%
2016 4.01% 4.03%
2015 11.09% 11.89%
2014 7.28% 7.1%
2013 10.75% 9.91%
2012 1.75% 0.36%
2011 5.30% 7.36%
2010 16.19% 18.64%

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:

  • K2 Alternative Strategies NZ Portfolio
    Cayman Islands Other
    2.76%
  • A2 Milk Company Ltd
    New Zealand Australasian Equities
    2.47%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities N/A
    1.94%
  • US 5Yr Note (Cbt)
    United States Int Fixed Interest UNRATED
    1.76%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    1.41%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    1.37%
  • Blackrock Style Advantage Fund
    Luxembourg Other
    1.28%
  • Kiwi Property Group Ltd
    New Zealand Listed Property N/A
    1.01%
  • Umbs Tba 30Yr 3.5% October Delivery
    United States Int Fixed Interest AAA
    0.94%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    0.89%

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% 5.48%
New Zealand Fixed Interest 15.0% 14.89%
International Fixed Interest 20.0% 19.92%
Australasian Equities 20.0% 20.41%
International Equities 29.0% 29.35%
Listed Properties 5.0% 5.21%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 6.0% 4.74%
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

  • Angelika Sansom

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

  • Francois Richeboeuf

    Currently: Senior Portfolio Manager (9 years, 2 months)
    Previously: Head of Fixed Income and Portfolio Manager, Rand Merchant Bank Asset Management (3 years, 1 months)

  • Matthew Goldsack

    Currently: Head of Investment Solutions (11 years, 0 months)
    Previously: Head of Research, AXA Global Investors (7 years, 10 months)

  • Nigel Jackson

    Currently: Acting Head of Investments & Insurance (2 years, 10 months)
    Previously: Head of Customer Proposition (7 years, 7 months)

  • Stephen Hong

    Currently: Senior Portfolio Manager (7 years, 3 months)
    Previously: Portfolio Manager, AXA Global Investors (5 years, 9 months)

  • Teresa Brandts - Giesen

    Currently: Portfolio Analyst (1 years, 0 months)
    Previously: Senior Business Intelligence Developer and Insight Analyst, Westpac New Zealand Limited (1 years, 9 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:
    0.87%
  • Animal Testing:
    2.08%
  • Fossil Fuels:
    1.57%
  • Gambling:
    0.76%
  • GMOs:
    0.24%
  • Human Rights & Environmental Violations:
    0.69%
  • Palm Oil:
    0.06%
  • Tobacco:
    0.00%
  • Weapons:
    0.14%

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

Kinder Morgan, Inc. 3.05% 01-Dec-2019 0.09%
Nextera Energy, Inc. 0.09%
Total Sa 0.08%
BHP Group Plc 0.05%
Buckeye Partners, L.P. 4.875% 01-Feb-2021 0.05%
Anglo American Plc 0.05%
Repsol Sa 0.04%
Exxon Mobil Corporation 0.04%
Conocophillips 0.04%
Kinder Morgan Inc Class P 0.04%
Magellan Midstream Partners, L.P. 0.04%
Chevron Corporation 0.04%
Cnooc Limited 0.04%
Eog Resources, Inc. 0.04%
Royal Dutch Shell Plc Class A 0.03%
Kinder Morgan, Inc. 5.0% 15-Feb-2021 0.03%
Bp P.L.C. 0.03%
Eni S.P.A. 0.03%
Sunoco Logistics Partners Operations Lp 4.25% 01-Apr-2024 0.03%
Hess Corporation 3.5% 15-Jul-2024 0.03%
Eqt Corporation 4.875% 15-Nov-2021 0.03%
Lundin Petroleum Ab 0.03%
Husky Energy Inc. 4.4% 15-Apr-2029 0.03%
Engie Sa 0.02%
Marathon Petroleum Corporation 5.125% 01-Apr-2024 0.02%
Sunoco Logistics Partners Operations Lp 4.4% 01-Apr-2021 0.02%
Enerplus Corporation 0.02%
Eqm Midstream Partners Lp 5.5% 15-Jul-2028 0.02%
Concho Resources Inc. 3.75% 01-Oct-2027 0.02%
Japan Petroleum Exploration Co., Ltd. 0.02%
Concho Resources Inc. 4.3% 15-Aug-2028 0.02%
Bp Capital Markets Plc 0.831% 08-Nov-2027 0.02%
Devon Energy Corporation 0.02%
Marubeni Corporation 0.01%
Petroleos Mexicanos Sa 6.84% 23-Jan-2030 0.01%
Noble Energy, Inc. 3.85% 15-Jan-2028 0.01%
Noble Energy, Inc. 3.9% 15-Nov-2024 0.01%
Eqm Midstream Partners Lp 4.75% 15-Jul-2023 0.01%
Tullow Oil Plc 0.01%
Energy Transfer Operating, L.P. 6.125% 15-Dec-2045 0.01%
Royal Dutch Shell Plc Class B 0.01%
Reliance Industries Limited Sponsored Gdr 144A 0.01%
Snam S.P.A. 1.0% 12-Sep-2034 0.01%
Nustar Energy Lp Cum Red Perp Pfd Units Series B 0.01%
Cenovus Energy Inc. 6.75% 15-Nov-2039 0.01%
Glencore Plc 0.01%
Southwestern Energy Company 0.01%
Williams Companies, Inc. 4.55% 24-Jun-2024 0.01%

Weapons

United Technologies Corporation 0.07%
United Technologies Corporation 1.9% 04-May-2020 0.05%
Chemring Group Plc 0.02%

Gambling

Sky City Entertainment Group 0.40%
Aristocrat Leisure Ltd 0.11%
Galaxy Entertainment Group Limited 0.04%
Playtech Plc 0.03%
Las Vegas Sands Corp. 0.02%
Sands China Ltd. 5.125% 08-Aug-2025 0.02%
Genting Singapore Limited 0.02%
Wynn Macau Ltd. 0.02%
Mgm China Holdings Limited 0.02%
Genting Bhd. 0.02%
Kangwon Land, Inc. 0.01%
Melco International Development Limited 0.01%
Las Vegas Sands Corp. 3.5% 18-Aug-2026 0.01%
Wynn Resorts, Limited 0.01%
Sands China Ltd. 0.01%

Alcohol

Lvmh Moet Hennessy Louis Vuitton Se 0.18%
Diageo Plc 0.14%
Pernod Ricard Sa 0.14%
Heineken Nv 0.06%
Anheuser-Busch Cos. Llc 3.65% 01-Feb-2026 0.05%
Carlsberg A/S Class B 0.04%
Constellation Brands, Inc. Class A 0.04%
Ambev Sa Sponsored Adr 0.04%
Molson Coors Brewing Company 3.0% 15-Jul-2026 0.03%
Anheuser-Busch Inbev Worldwide, Inc. 5.55% 23-Jan-2049 0.03%
Davide Campari-Milano S.P.A. 0.03%
Anheuser-Busch Inbev Worldwide, Inc. 4.75% 23-Jan-2029 0.02%
Ambev Sa 0.02%
Heineken Nv 1.0% 04-May-2026 0.02%
Tsingtao Brewery Co., Ltd. Class H 0.01%
Anheuser-Busch Inbev Sa/Nv 0.01%

Palm Oil

Malaysia Airports Holdings Bhd. 0.02%
Genting Bhd. 0.02%
Sime Darby Property Bhd. 0.01%

GMOs

Bayer Ag 0.14%
Novartis Ag 0.04%
Stora Enso Oyj Class R 0.02%
Genting Bhd. 0.02%
Basf Se 0.01%
Syngenta Finance Nv 3.698% 24-Apr-2020 0.01%

Human Rights & Environmental Violations

Nestle S.A. 0.24%
Johnson & Johnson 0.13%
BHP Group Plc 0.05%
Chevron Corporation 0.04%
Royal Dutch Shell Plc Class A 0.03%
Freeport-Mcmoran, Inc. 0.03%
Sempra Energy 0.03%
Petroleo Brasileiro Sa Pfd 0.03%
Barrick Gold Corporation 0.02%
Genting Bhd. 0.02%
Jbs S.A. 0.01%
Royal Dutch Shell Plc Class B 0.01%
Glencore Plc 0.01%

Animal Testing

Nestle S.A. 0.240%
Lvmh Moet Hennessy Louis Vuitton Se 0.180%
Colgate-Palmolive Company 0.170%
Bayer Ag 0.140%
Johnson & Johnson 0.130%
Reckitt Benckiser Group Plc 0.130%
Danone Sa 0.120%
Akzo Nobel N.V. 0.080%
Procter & Gamble Company 0.080%
Ppg Industries, Inc. 0.080%
Air Liquide Sa 0.070%
Shiseido Company,Limited 0.060%
Pepsico, Inc. 0.050%
Ecolab Inc. 0.040%
Burberry Group Plc 0.040%
Chevron Corporation 0.040%
Coca-Cola Company 0.040%
Royal Dutch Shell Plc Class A 0.030%
Symrise Ag 0.030%
L'Oreal Sa 0.030%
Chr. Hansen Holding A/S 0.030%
Unilever Nv 0.030%
General Mills, Inc. 0.030%
Beiersdorf Ag 0.030%
Givaudan Sa 0.030%
Kikkoman Corporation 0.030%
Kraft Heinz Company 0.020%
Henkel Ag & Co. Kgaa 0.020%
Coca-Cola Hbc Ag 0.020%
Basf Se 0.010%
Kimberly-Clark Corporation 0.010%
Coca-Cola Bottlers Japan Holdings Inc. 0.010%
Royal Dutch Shell Plc Class B 0.010%
Kraft Heinz Foods Co. 4.875% 01-Oct-2049 0.010%
Syngenta Finance Nv 3.698% 24-Apr-2020 0.010%
L Brands, Inc. 0.010%

Download the fund's disclosure statement and portfolio holdings.

Latest news

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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.