BNZ KiwiSaver Balanced Fund

In their own words: "The Balanced Fund invests similar amounts in income assets which generally have lower levels of risk and return and growth assets which generally have higher levels of risk with the potential for higher returns. It aims to achieve a medium level of return over the medium to long term."

At a glance:

Not Mindful
Type: Balanced fund
Past Returns: 6.98%

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

Annual Fees: 1.0%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND518
Name BNZ KiwiSaver Balanced Fund
Risk profile Balanced fund
Description The Balanced Fund invests similar amounts in income assets which generally have lower levels of risk and return and growth assets which generally have higher levels of risk with the potential for higher returns. It aims to achieve a medium level of return over the medium to long term.
Value $480M NZD
Members 29,422
Market index description based on a composite index made up of related market indices that represent the target investment mix (including currency hedging where relevant)
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Mon Feb. 11th 2013
Three-year average return 6.98%
Market index past year return 16.94%
Past year return net charges and tax 14.1%
Past year return net of charges gross of tax 15.61%
Market index return since fund started 9.36%
Return since fund started net 6.94%
Total annual fund fees 1.0%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Administration charges 0.0%
Total other charges 23.4
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% 5.34%
2018 5.63% 7.09%
2017 6.10% 8.5%
2016 4.01% 1.41%
2015 11.09% 10.94%
2014 7.28% 7.26%

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:

  • The A2 Milk Company Limited
    New Zealand Australasian Equities
    1.84%
  • Fisher & Paykel Healthcare Corporation L
    New Zealand Australasian Equities
    1.48%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    1.42%
  • Contact Energy Limited
    New Zealand Australasian Equities N/A
    1.13%
  • Meridian Energy Lt Npv
    New Zealand Australasian Equities
    1.0%
  • Apple Inc
    United States International Equities N/A
    0.92%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    0.91%
  • Microsoft Corp
    United States International Equities N/A
    0.84%
  • Westpac Compound Account NZD
    New Zealand Cash and Equivalents AA-
    0.76%
  • Mainfreight Limited
    New Zealand Australasian Equities NA
    0.75%

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% 6.51%
New Zealand Fixed Interest 11.0% 9.32%
International Fixed Interest 34.0% 32.1%
Australasian Equities 16.0% 16.83%
International Equities 34.0% 35.24%
Listed Properties 0.0% 0.0%
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

  • Christine Yates [New]

    Currently: Director, BNZ Investment Services Limited (0 years, 2 months)
    Previously: Chief Customer Officer, Private Wealth and Insurances, BNZ (current Position) (0 years, 10 months)

  • Hayley Cassidy

    Currently: Director, BNZ Investment Services Limited (0 years, 8 months)
    Previously: Chief General Counsel, BNZ (current position) (0 years, 9 months)

  • Paul Richardson [New]

    Currently: Director, BNZ Investment Services Limited (0 years, 1 months)
    Previously: Chief Investment Officer/Executive Director (4 years, 8 months)

  • Richard Ansell

    Currently: Director, BNZ Investment Services Limited (0 years, 10 months)
    Previously: Chair, BNZ Investment Review Committee (0 years, 10 months)

  • Richard Morath

    Currently: Director, BNZ Investment Services Limited (6 years, 6 months)
    Previously: Non-Executive Director, BNZ Life Insurance Limited (current position) (16 years, 1 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:
    0.57%
  • Animal Testing:
    2.91%
  • Fossil Fuels:
    2.57%
  • Gambling:
    0.58%
  • GMOs:
    0.37%
  • Human Rights & Environmental Violations:
    1.38%
  • Palm Oil:
    0.04%
  • Tobacco:
    0.00%
  • Weapons:
    0.05%

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

Exxon Mobil Corp 0.23%
Chevron Corporation 0.17%
Viva Energy Group Ltd 0.12%
Total Sa 0.10%
Royal Dutch Shell Plc-A Shs 0.10%
Nextera Energy Inc 0.09%
Bp Plc 0.09%
Royal Dutch Shell Plc - B Shs 0.08%
Dominion Energy Inc 0.06%
Conocophillips 0.05%
Enbridge Inc 0.05%
Phillips 66 0.04%
Transcanada Corp 0.04%
Suncor Energy Inc 0.04%
Petroleo Brasileiro Sa Petrobras 0.03%
Occidental Petroleum Corp 0.03%
Kinder Morgan Inc/De 0.03%
Marathon Petroleum Corp 0.03%
Valero Energy Corp 0.03%
Canadian Natural Resources Ltd 0.03%
Eni Spa 0.03%
BHP Group Plc 0.03%
Eog Resources Inc 0.03%
Oneok Inc 0.02%
Pembina Pipeline Corp 0.02%
Williams Companies Inc 0.02%
Repsol Sa 0.02%
Snam Spa 0 25/10/2020 0.02%
Sinopec Group Overseas Development 2013 Ltd 5.375 17/10/2043 0.02%
Cnooc Ltd 0.02%
Anglo American Plc 0.02%
Glencore Plc 0.02%
Engie Sa 0.02%
Kinder Morgan Inc/De 5.55 1/06/2045 0.01%
Jxtg Holdings Inc 0.01%
Glencore Funding Llc 4.875 12/03/2029 0.01%
Galp Energia Sgps Sa 0.01%
Glencore Finance Europe Ltd 1.875 13/09/2023 0.01%
Inter Pipeline Ltd 0.01%
Inpex Corp 0.01%
Hollyfrontier Corp 0.01%
Hess Corp 7.125 15/03/2033 0.01%
Hess Corp 0.01%
Idemitsu Kosan Co Ltd 0.01%
Husky Energy Inc 3.95 15/04/2022 0.01%
Pioneer Natural Resources Co 0.01%
Petroleos Mexicanos 5.35 12/02/2028 0.01%
Polski Koncern Naftowy Orlen Sa 0.01%
Petrochina Co Ltd-H 0.01%
Omv Ag 0.01%
Petroleos Mexicanos 6.35 12/02/2048 0.01%
Omv Ag 4.25 12/10/2021 0.01%
Repsol International Finance Bv 0.25 2/08/2027 0.01%
Puget Sound Energy Inc 5.795 15/03/2040 0.01%
Marubeni Corp 0.01%
Marathon Oil Corp 0.01%
Marathon Petroleum Corp 4.75 15/12/2023 0.01%
Noble Energy Inc 0.01%
Newfield Exploration Co 5.375 1/01/2026 0.01%
BHP Billiton Finance Ltd 3.25 25/09/2024 0.01%
BHP Billiton Finance Ltd 3 29/05/2024 0.01%
Bp Capital Markets America Inc 3.937 21/09/2028 0.01%
Bp Capital Markets America Inc 2.112 16/09/2021 0.01%
Cenovus Energy Inc 0.01%
Bp Capital Markets Plc 1.827 8/09/2025 0.01%
Bp Capital Markets Plc 1.573 16/02/2027 0.01%
Bp Capital Markets America Inc 2.75 10/05/2023 0.01%
Anglo American Capital Plc 4.125 15/04/2021 0.01%
Abu Dhabi National Energy Co Pjsc 3.625 12/01/2023 0.01%
Apache Corp 0.01%
Encana Corp 0.01%
Eni Spa 3.75 12/09/2025 0.01%
Engie Sa 7 30/10/2028 0.01%
Engie Sa 2.625 20/07/2022 0.01%
Engie Sa 1.875 19/09/2033 0.01%
Energy Transfer Operating Lp 6.5 1/02/2042 0.01%
Equinor Asa 3.25 10/11/2024 0.01%
Equinor Asa 3.95 15/05/2043 0.01%
Equinor Asa 3.15 23/01/2022 0.01%
Equinor Asa 1.25 17/02/2027 0.01%
Equinor Asa 0.01%
Dominion Energy Inc 2 15/08/2021 0.01%
Cnooc Finance 2013 Ltd 2.875 30/09/2029 0.01%
China Petroleum & Chemical - H 0.01%
China Shenhua Energy Co-H 0.01%
China Coal Energy Co-A 0.01%
Cheniere Energy Inc 0.01%
Devon Energy Corp 0.01%
Continental Resources Inc/Ok 4.5 15/04/2023 0.01%
Conocophillips Co 4.3 15/11/2044 0.01%
Concho Resources Inc 0.01%
Diamondback Energy Inc 0.01%
Total Capital International Sa 2.125 19/11/2021 0.01%
Total Capital International Sa 0.696 31/05/2028 0.01%
Total Sa 2.625 #N/A Field Not Applicable 0.01%
Total Capital International Sa 3.455 19/02/2029 0.01%
Yanzhou Coal Mining Co Ltd 0.01%
Sk Innovation Co Ltd 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Snam Spa 0.01%
Shell International Finance Bv 3.4 12/08/2023 0.01%
Shell International Finance Bv 1.625 20/01/2027 0.01%
Sasol Ltd 0.01%
Targa Resources Corp 0.01%
Sunoco Logistics Partners Operations Lp 3.9 15/07/2026 0.01%
Reliance Industries Ltd 0.05%
Gazprom 0.03%

Weapons

Transdigm Group Inc 0.02%
Heico Corp 0.01%
Mitsubishi Heavy Industries Ltd 0.01%

Gambling

Sky City Entertainment Group 0.33%
Aristocrat Leisure Ltd 0.20%
Las Vegas Sands Corp 0.01%
Galaxy Entertainment Group Ltd 0.01%
Mgm Resorts International 0.01%
Wynn Resorts Ltd 0.01%
Sands China Ltd 0.01%

Alcohol

Lvmh Moet Hennessy Louis Vui 0.07%
Treasury Wine Estates Ltd 0.07%
Diageo Plc 0.07%
Anheuser-Busch Inbev Nv 0.05%
Delegat Group Ltd 0.05%
Pernod Ricard Sa 0.03%
Constellation Brands Inc-A 0.03%
Anheuser-Busch Cos Llc / Anheuser-Busch Inbev Worldwide Inc 4.9 1/02/2046 0.02%
Heineken Nv 0.02%
Kirin Holdings Co Ltd 0.01%
Kweichow Moutai Co Ltd-A 0.01%
Heineken Holdings Nv 0.01%
Molson Coors Brewing Co -B 0.01%
Carlsberg A/S 0.01%
Carlsberg Breweries A/S 0.5 6/09/2023 0.01%
Brown-Forman Corp-Class B 0.01%
Anheuser-Busch Inbev Worldwide Inc 4.6 15/04/2048 0.01%
Anheuser-Busch Inbev Sa/Nv 2.875 25/09/2024 0.01%
Anheuser-Busch Inbev Sa/Nv 2.75 17/03/2036 0.01%
Anheuser-Busch Inbev Finance Inc 3.3 1/02/2023 0.01%
Anheuser-Busch Inbev Finance Inc 2.65 1/02/2021 0.01%
Ambev Sa 0.01%
Anheuser-Busch Inbev Worldwide Inc 4.75 23/01/2029 0.01%
Asahi Group Holdings Ltd 0.01%
China Resources Beer Holdings Co Ltd 0.01%

Palm Oil

Posco 2.75 15/07/2024 0.01%
Posco 0.01%
Brown & Brown Inc 0.01%
Astra International Tbk Pt 0.01%

GMOs

Novartis Ag 0.14%
Basf Se 0.05%
Bayer Ag-Reg 0.05%
Du Pont De Nemours 0.04%
Nutrien Ltd 0.02%
Nutrien Ltd 4 15/12/2026 0.01%
Novozymes A/S 0.01%
Novartis Capital Corp 3.1 17/05/2027 0.01%
Basf Se 0.875 6/10/2031 0.01%
Dupont De Nemours Inc 5.419 15/11/2048 0.01%
Dupont De Nemours Inc 4.725 15/11/2028 0.01%
Stora Enso Oyj 0.01%

Human Rights & Environmental Violations

Johnson & Johnson 0.26%
Nestle Sa-Reg 0.25%
Chevron Corporation 0.17%
Royal Dutch Shell Plc-A Shs 0.10%
Royal Dutch Shell Plc - B Shs 0.08%
Duke Energy Corp 0.05%
Petroleo Brasileiro Sa Petrobras 0.03%
Vale Sa 0.03%
Sempra Energy 0.03%
BHP Group Plc 0.03%
Nutrien Ltd 0.02%
Nestle Holdings Inc 3.625 24/09/2028 0.02%
Barrick Gold Corp 0.02%
Archer-Daniels-Midland Co 0.02%
Glencore Plc 0.02%
Johnson & Johnson 3.625 3/03/2037 0.01%
Johnson & Johnson 1.15 20/11/2028 0.01%
Jbs Sa 0.01%
Grupo Mexico Sab De Cv 0.01%
Glencore Funding Llc 4.875 12/03/2029 0.01%
Freeport - Mcmoran Copper 0.01%
Glencore Finance Europe Ltd 1.875 13/09/2023 0.01%
Posco 2.75 15/07/2024 0.01%
Posco 0.01%
Petrochina Co Ltd-H 0.01%
Nutrien Ltd 4 15/12/2026 0.01%
Nestle (Malaysia) Bhd 0.01%
Nestle Holdings Inc 1.375 13/07/2021 0.01%
Nestle Holdings Inc 0.875 18/07/2025 0.01%
Nestle Finance International Ltd 0.375 18/01/2024 0.01%
BHP Billiton Finance Ltd 3.25 25/09/2024 0.01%
BHP Billiton Finance Ltd 3 29/05/2024 0.01%
Astra International Tbk Pt 0.01%
Essity Aktiebolag-B 0.01%
Tokyo Electric Power Company Holdings Inc 0.01%
Wal Mart De Mexico Sab De Cv 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Shell International Finance Bv 3.4 12/08/2023 0.01%
Shell International Finance Bv 1.625 20/01/2027 0.01%

Animal Testing

Johnson & Johnson 0.260%
Nestle Sa-Reg 0.250%
Procter and Gamble Co/The 0.230%
Chevron Corporation 0.170%
Coca-Cola Co/The 0.160%
Pepsico Inc 0.150%
Royal Dutch Shell Plc-A Shs 0.100%
Royal Dutch Shell Plc - B Shs 0.080%
Glaxosmithkline Plc 0.080%
Lvmh Moet Hennessy Louis Vui 0.070%
Unilever Nv-Cva 0.070%
L'Oreal Sa 0.050%
Unilever Plc 0.050%
Basf Se 0.050%
Bayer Ag-Reg 0.050%
Colgate-Palmolive Co 0.050%
Reckitt Benckiser Group Plc 0.040%
Kimberly-Clark Corp 0.040%
Danone 0.040%
Du Pont De Nemours 0.040%
Air Products and Chemicals Inc. 0.040%
Air Liquide Sa 0.040%
Ecolab Inc 0.040%
Kao Corporation 0.030%
Walgreens Boots Alliance Inc 0.030%
Estee Lauder Cos Inc/The 0.030%
General Mills Inc 0.030%
Nestle Holdings Inc 3.625 24/09/2028 0.020%
Ppg Industries Inc 0.020%
Tesco Plc 0.020%
Tesco Corporate Treasury Services Plc 1.375 24/10/2023 0.020%
Shiseido Co Ltd 0.020%
Archer-Daniels-Midland Co 0.020%
Henkel Ag & Co Kgaa 0.020%
Givaudan Sa 0.020%
Johnson & Johnson 3.625 3/03/2037 0.010%
Johnson Matthey Plc. 0.010%
Kikkoman Corp 0.010%
Johnson & Johnson 1.15 20/11/2028 0.010%
Lanxess Ag 0.010%
Kraft Heinz Co/The 0.010%
Koninklijke Dsm Nv 0.010%
Kraft Heinz Foods Co 5 4/06/2042 0.010%
Glaxosmithkline Capital Plc 3.375 20/12/2027 0.010%
International Flavors & Fragrances Inc 0.010%
Praxair Inc 1.625 1/12/2025 0.010%
Procter & Gamble Co/The 1.85 2/02/2021 0.010%
Procter & Gamble Co/The 0.5 25/10/2024 0.010%
Akzo Nobel Nv 0.010%
Novozymes A/S 0.010%
Nestle (Malaysia) Bhd 0.010%
Newell Brands Inc 0.010%
Nestle Holdings Inc 1.375 13/07/2021 0.010%
Nestle Holdings Inc 0.875 18/07/2025 0.010%
Nestle Finance International Ltd 0.375 18/01/2024 0.010%
Beiersdorf Ag 0.010%
Basf Se 0.875 6/10/2031 0.010%
Burberry Group Plc 0.010%
Albemarle Corp 0.010%
Akzo Nobel Nv 2.625 27/07/2022 0.010%
Air Liquide Finance Sa 0.375 18/04/2022 0.010%
Associated British Foods Plc 0.010%
Arkema Sa 0.010%
Argentum Netherlands Bv For Zurich Insurance Co Ltd 3.5 1/10/2046 0.010%
Essity Aktiebolag-B 0.010%
Fmc Corp 0.010%
Coca-Cola European Partners Plc 1.5 8/11/2027 0.010%
Clorox Company 0.010%
Coca-Cola European Partners Plc 0.010%
Coca-Cola Co/The 3.2 1/11/2023 0.010%
Coca-Cola Co/The 0.75 22/09/2026 0.010%
Church & Dwight Co Inc 0.010%
Chr Hansen Holding A/S 0.010%
Croda International Plc 0.010%
Unilever Nv 0.5 12/08/2023 0.010%
Unilever Capital Corp 3.125 22/03/2023 0.010%
Shell International Finance Bv 4.375 11/05/2045 0.010%
Shell International Finance Bv 3.4 12/08/2023 0.010%
Shell International Finance Bv 1.625 20/01/2027 0.010%
Tesco Property Finance 1 Plc 7.6227 13/07/2039 0.010%
Sumitomo Chemical Co Ltd 0.010%
Hindustan Unilever Ltd 0.016%

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 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.