BNZ KiwiSaver First Home Buyer Fund

In their own words: "The First Home Buyer Fund invests mostly in income assets which generally have lower levels of risk and return. It also has a small allocation to growth assets which generally have higher levels of risk with the potential for higher returns. It aims to achieve relatively stable returns over the short to medium term."

At a glance:

Not Mindful
Type: Conservative fund
Past Returns: 3.34%

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

Annual Fees: 0.5%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND520
Name BNZ KiwiSaver First Home Buyer Fund
Risk profile Conservative fund
Description The First Home Buyer Fund invests mostly in income assets which generally have lower levels of risk and return. It also has a small allocation to growth assets which generally have higher levels of risk with the potential for higher returns. It aims to achieve relatively stable returns over the short to medium term.
Value $160M NZD
Members 15,794
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 Tue Sept. 15th 2015
Three-year average return 3.34%
Market index past year return 6.68%
Past year return net charges and tax 4.93%
Past year return net of charges gross of tax 5.82%
Market index return since fund started 4.68%
Return since fund started net 3.37%
Total annual fund fees 0.5%
Total performance based fees 0.0%
Manager's basic fee 0.5%
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 4.40% 2.68%
2018 3.80% 3.5%
2017 4.16% 3.85%

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:

  • Nikko AM Wholesale NZ Cash Fund Two
    New Zealand Cash and Equivalents
    7.33%
  • Westpac Compound Account NZD
    New Zealand Cash and Equivalents AA-
    5.06%
  • ANZNZ 4.48% 11/05/2020
    New Zealand NZ Fixed Interest AA-
    4.1%
  • Bzlnz 4.426% 18/06/2020
    New Zealand NZ Fixed Interest AA-
    3.73%
  • Ird Deposit Nzttc 2.15% 19/12/2019 21/01/2020
    New Zealand Cash and Equivalents AA+
    3.01%
  • Asbbnk Nfix3Fra + 95 27/02/2020
    New Zealand NZ Fixed Interest AA-
    2.74%
  • Asbbnk Term Deposit 2.35% 20/09/2019 17/09/2020
    New Zealand Cash and Equivalents AA-
    2.66%
  • Auckcn 4.017% 24/09/2020
    New Zealand NZ Fixed Interest AA
    2.58%
  • Rabobk 4.592 10/06/2020
    New Zealand NZ Fixed Interest A+
    2.11%
  • Asbbnk 4.4225% 25/02/2020
    New Zealand NZ Fixed Interest AA-
    2.08%

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 60.0% 64.45%
New Zealand Fixed Interest 6.0% 4.03%
International Fixed Interest 19.0% 16.85%
Australasian Equities 5.0% 3.67%
International Equities 10.0% 11.0%
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:
    0.15%
  • Animal Testing:
    0.81%
  • Fossil Fuels:
    0.69%
  • Gambling:
    0.11%
  • GMOs:
    0.09%
  • Human Rights & Environmental Violations:
    0.40%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.00%
  • Weapons:
    0.01%

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 0.07%
Chevron Corporation 0.05%
Viva Energy Group Ltd 0.03%
Royal Dutch Shell Plc - B Shs 0.03%
Royal Dutch Shell Plc-A Shs 0.03%
Total Sa 0.03%
Bp Plc 0.03%
Nextera Energy Inc 0.03%
Conocophillips 0.02%
Dominion Energy Inc 0.02%
Enbridge Inc 0.02%
Phillips 66 0.01%
Oneok Inc 0.01%
Occidental Petroleum Corp 0.01%
Pembina Pipeline Corp 0.01%
Petroleo Brasileiro Sa Petrobras 0.01%
Petroleos Mexicanos 5.35 12/02/2028 0.01%
Petroleos Mexicanos 6.35 12/02/2048 0.01%
Kinder Morgan Inc/De 0.01%
Marathon Petroleum Corp 0.01%
Transcanada Corp 0.01%
Williams Companies Inc 0.01%
Valero Energy Corp 0.01%
Suncor Energy Inc 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Snam Spa 0 25/10/2020 0.01%
Sinopec Group Overseas Development 2013 Ltd 5.375 17/10/2043 0.01%
Bp Capital Markets America Inc 2.75 10/05/2023 0.01%
Bp Capital Markets America Inc 3.937 21/09/2028 0.01%
BHP Group Plc 0.01%
Cnooc Finance 2013 Ltd 2.875 30/09/2029 0.01%
Cnooc Ltd 0.01%
Canadian Natural Resources Ltd 0.01%
Anglo American Capital Plc 4.125 15/04/2021 0.01%
Anglo American Plc 0.01%
Abu Dhabi National Energy Co Pjsc 3.625 12/01/2023 0.01%
Glencore Plc 0.01%
Engie Sa 0.01%
Eni Spa 0.01%
Eog Resources Inc 0.01%
Reliance Industries Ltd 0.01%

Weapons

Transdigm Group Inc 0.01%

Gambling

Sky City Entertainment Group 0.07%
Aristocrat Leisure Ltd 0.04%

Alcohol

Lvmh Moet Hennessy Louis Vui 0.02%
Treasury Wine Estates Ltd 0.02%
Anheuser-Busch Inbev Nv 0.02%
Diageo Plc 0.02%
Pernod Ricard Sa 0.01%
Constellation Brands Inc-A 0.01%
Anheuser-Busch Cos Llc / Anheuser-Busch Inbev Worldwide Inc 4.9 1/02/2046 0.01%
Anheuser-Busch Inbev Finance Inc 2.65 1/02/2021 0.01%
Anheuser-Busch Inbev Sa/Nv 2.75 17/03/2036 0.01%
Heineken Nv 0.01%
Delegat Group Ltd 0.01%

Palm Oil

Posco 2.75 15/07/2024 0.01%

GMOs

Novartis Ag 0.04%
Bayer Ag-Reg 0.02%
Nutrien Ltd 0.01%
Basf Se 0.01%
Du Pont De Nemours 0.01%

Human Rights & Environmental Violations

Johnson & Johnson 0.08%
Nestle Sa-Reg 0.08%
Chevron Corporation 0.05%
Royal Dutch Shell Plc - B Shs 0.03%
Royal Dutch Shell Plc-A Shs 0.03%
Duke Energy Corp 0.02%
Nutrien Ltd 0.01%
Nestle Holdings Inc 3.625 24/09/2028 0.01%
Posco 2.75 15/07/2024 0.01%
Petroleo Brasileiro Sa Petrobras 0.01%
Vale Sa 0.01%
Sempra Energy 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Barrick Gold Corp 0.01%
BHP Group Plc 0.01%
Archer-Daniels-Midland Co 0.01%
Glencore Plc 0.01%

Animal Testing

Johnson & Johnson 0.080%
Nestle Sa-Reg 0.080%
Procter and Gamble Co/The 0.070%
Pepsico Inc 0.050%
Chevron Corporation 0.050%
Coca-Cola Co/The 0.050%
Royal Dutch Shell Plc - B Shs 0.030%
Royal Dutch Shell Plc-A Shs 0.030%
L'Oreal Sa 0.020%
Lvmh Moet Hennessy Louis Vui 0.020%
Unilever Nv-Cva 0.020%
Colgate-Palmolive Co 0.020%
Bayer Ag-Reg 0.020%
Glaxosmithkline Plc 0.020%
Nestle Holdings Inc 3.625 24/09/2028 0.010%
Ppg Industries Inc 0.010%
Kimberly-Clark Corp 0.010%
Kao Corporation 0.010%
Unilever Plc 0.010%
Tesco Corporate Treasury Services Plc 1.375 24/10/2023 0.010%
Tesco Plc 0.010%
Tesco Property Finance 1 Plc 7.6227 13/07/2039 0.010%
Shiseido Co Ltd 0.010%
Walgreens Boots Alliance Inc 0.010%
Reckitt Benckiser Group Plc 0.010%
Shell International Finance Bv 4.375 11/05/2045 0.010%
Basf Se 0.010%
Archer-Daniels-Midland Co 0.010%
Air Liquide Sa 0.010%
Air Products and Chemicals Inc. 0.010%
General Mills Inc 0.010%
Givaudan Sa 0.010%
Glaxosmithkline Capital Plc 3.375 20/12/2027 0.010%
Henkel Ag & Co Kgaa 0.010%
Du Pont De Nemours 0.010%
Ecolab Inc 0.010%
Danone 0.010%
Estee Lauder Cos Inc/The 0.010%

Download the fund's disclosure statement and portfolio holdings.

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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.