Kiwi Wealth KiwiSaver Scheme
Kiwi Wealth Balanced

In their own words: "The Balanced Fund is invested up to 70% in shares and othergrowth assets, with the remainder in cash and fixed interestassets. Its objective is to exceed the returns you would receivefrom investing 45% of your funds in New Zealand fixedinterest assets and cash, and 55% in global shares throughactive allocation and active selection of shares and othergrowth assets, fixed interest and cash assets. This Fund is certified by the Responsible Investment Association of Australasia (RIAA) and engages with companies to improve their performance."

At a glance:

Mindful Fund
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: 1.13%

Annual fees, including membership and % management fee.

Join this fund »

Switching funds is easy, quick and free (except one provider charges an exit fee)

More information:

A summary of this fund and it's details.

Number FND554
Name Kiwi Wealth Balanced
Risk profile Balanced fund
Description The Balanced Fund is invested up to 70% in shares and othergrowth assets, with the remainder in cash and fixed interestassets. Its objective is to exceed the returns you would receivefrom investing 45% of your funds in New Zealand fixedinterest assets and cash, and 55% in global shares throughactive allocation and active selection of shares and othergrowth assets, fixed interest and cash assets. This Fund is certified by the Responsible Investment Association of Australasia (RIAA) and engages with companies to improve their performance.
Value $1.7B NZD
Members 78,209
Market index description The market index return is the strategic asset allocation weighted benchmark index return, where the benchmark indicies are defined in the Statement of Investment Policy and Objectives. Additional information about the market index is available on the Disclose offer register at https://disclose-register.companiesoffice.govt.nz/
Disclosure Statement Period Mon Sept. 30th 2019
Fund started Mon Oct. 1st 2007
Three-year average return *5.91%
Market index past year return 5.27%
Past year return net charges and tax 3.51%
Past year return net of charges gross of tax 4.85%
Market index return since fund started 7.94%
Return since fund started net 6.40%
Total annual fund fees 1.13%
Total performance based fees 0.0%
Manager's basic fee 1.03%
Administration charges 0.1%
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% 4.35%
2018 5.63% 7.47%
2017 6.10% 6.55%
2016 4.01% -0.57%
2015 11.09% 14.78%
2014 7.28% 10.81%
2013 10.75% 8.3%
2012 1.75% 1.53%
2011 5.30% 3.18%
2010 16.19% 7.48%

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:

  • Westpac NZD Account
    New Zealand Cash and Equivalents AA-
    2.52%
  • New Zealand Local Government Funding Agency Bond 14/4/2033
    New Zealand NZ Fixed Interest AA+
    1.6%
  • Landwirtschaftliche Rentenbank 23/4/2024
    Germany Int Fixed Interest AAA
    1.6%
  • United States Treasury Note 15/5/2029
    United States Int Fixed Interest AA+
    1.56%
  • Gmo Systematic Macro Trust
    Australia Other
    1.48%
  • Kommunalbanken As 20/8/2025
    Norway Int Fixed Interest AAA
    1.42%
  • Microsoft Corp
    United States International Equities N/A
    1.39%
  • Apple Inc.
    United States International Equities
    1.36%
  • New Zealand Local Government Funding Agency Bond 15/4/2027
    New Zealand NZ Fixed Interest AA+
    1.24%
  • Alphabet Inc.- Class C Shares
    United States International Equities
    1.23%

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 22.5% 4.96%
New Zealand Fixed Interest 22.5% 13.0%
International Fixed Interest 0.0% 24.06%
Australasian Equities 0.0% 0.4%
International Equities 55.0% 52.5%
Listed Properties 0.0% 1.92%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 3.16%
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

  • Diana Gordon

    Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (7 years, 1 months)
    Previously: Senior High Yield Portfolio Manager, Goldman Sachs Asset Management New York (10 years, 10 months)

  • Greg Hayton

    Currently: Cash Portfolio Manager & Senior Fixed Income Trader - Kiwi Wealth Investments Limited Partnership (9 years, 11 months)
    Previously: Portfolio Administrator - Gareth Morgan Investments Limited Partnership (1 years, 6 months)

  • Nathan Field

    Currently: Portfolio Manager, Equities - Kiwi Wealth Investments Limited Partnership (9 years, 4 months)
    Previously: Senior Equity Analyst - ABN Amro, Sydney (4 years, 6 months)

  • Simon O'Grady

    Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (6 years, 11 months)
    Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, 0 months)

  • Steffan Berridge

    Currently: Senior Quantitative Strategist – Kiwi Wealth Investments Limited Partnership (6 years, 0 months)
    Previously: Portfolio Manager - Man Group PLC (9 years, None 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:
    0.80%
  • Animal Testing:
    6.04%
  • Fossil Fuels:
    3.85%
  • Gambling:
    0.18%
  • GMOs:
    0.12%
  • Human Rights & Environmental Violations:
    2.78%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.00%
  • Weapons:
    0.54%

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

Nextera Energy Inc 0.45%
Royal Dutch Shell 0.44%
BHP Billiton Finance Ltd 30/3/2020 0.31%
Bp Plc 0.31%
Bp Capital Markets Plc 10/2/2024 0.27%
Total Sa 0.25%
Chevron Corp 0.17%
Total Capital International Sa 2/9/2020 0.15%
Chevron Corp 16/5/2021 0.15%
Kinder Morgan Inc/De 0.11%
Anglo American Plc 0.10%
Canadian Natural Resources Ltd 0.10%
Woodside Petroleum Ltd 0.10%
Equinor Asa 0.09%
Jxtg Holdings Inc 0.08%
Parsley Energy Inc 0.07%
Total Capital International Sa 19/6/2021 0.06%
Suncor Energy Inc 0.06%
Exxon Mobil Corp 0.06%
Cvr Energy Inc 0.04%
Eog Resources Inc 0.04%
Marathon Petroleum Corp 0.04%
Oneok Inc 0.04%
Pioneer Natural Resources Co 0.03%
Royal Dutch Shell B Shares 0.03%
Oneok Partners Lp 15/9/2023 0.03%
Oneok Partners Lp 15/3/2025 0.03%
BHP Billiton 0.02%
BHP Billiton Plc 0.02%
Diamondback Energy Inc 0.02%
Enbridge Inc 0.02%
Oil Co Lukoil Pjsc Adr Each Repr 1 Ord Rub 0.02 0.01%
Concho Resources Inc 0.01%
Hollyfrontier Corp 0.01%
Snam Spa 0.01%
Ptt Public Company Thb1 Alien 0.01%
Total Capital International 4.25% 26/11/2021 26/11/2021 0.01%
Gazprom Pjsc 0.01%
China Petroleum & Chemical 0.01%
Lyondellbasell Industries Nv 0.01%
Gazprom Pjsc Spon Adr 0.01%
China Shenhua Energy Company Limited 0.01%
Pembina Pipeline 0.01%
Lundin Petroleum Ab 0.01%
S-Oil Corporation 0.01%
Sk Innovation Co Ltd 0.01%
Glencore Plc 0.01%

Weapons

Airbus Se 0.31%
Raytheon Company 0.05%
Safran Sa 0.05%
Leonardo Spa 0.04%
Booz Allen Hamilton Holding Corp 0.03%
Boeing Co/The 0.03%
Thales (Ex Thomson - Csf) 0.02%
Transdigm Group Inc 0.01%

Gambling

William Hill Plc 7/9/2023 0.16%
Las Vegas Sands Corp 0.01%
Galaxy Entertainment Group Limited 0.01%

Alcohol

Diageo Plc 0.35%
Lvmh Moet Hennessy Louis Vuitton Se 0.20%
Constellation Brands Inc 1/5/2021 0.12%
Pernod-Ricard Sa 0.03%
Constellation Brands Inc-A 0.02%
Anheuser Busch Inbev Sa Nv 0.02%
Carlsberg A/S 0.01%
Heineken Nv 0.01%
Asahi Group Holdings Ltd 0.01%
Ambev Sa 0.01%
Davide Campari-Milan 0.01%
Kirin Holdings Co Ltd 0.01%

Palm Oil

Posco 0.01%

GMOs

Novartis 0.06%
Dupont De Nemours Inc 0.02%
Bayer Ag 0.01%
Nutrien Ltd Com Npv 0.01%
Novozymes A/S Ser`B`Dkk2 0.01%
Basf Se 0.01%

Human Rights & Environmental Violations

Nestle S.A. 0.95%
Royal Dutch Shell 0.44%
BHP Billiton Finance Ltd 30/3/2020 0.31%
Johnson & Johnson 20/5/2024 0.30%
Sempra Energy 0.22%
Johnson & Johnson 0.20%
Chevron Corp 0.17%
Leonardo Spa 0.04%
Royal Dutch Shell B Shares 0.03%
BHP Billiton 0.02%
BHP Billiton Plc 0.02%
Johnson & Johnson 15/1/2028 0.02%
Petroleo Brasileiro Sa - Adr 0.01%
Nutrien Ltd Com Npv 0.01%
Posco 0.01%
Wal Mart De Mexico 0.01%
Grupo Mexico Sab De Cv-Ser B 0.01%
Glencore Plc 0.01%

Animal Testing

Nestle S.A. 0.950%
Procter & Gamble Co/The 0.650%
Coca Cola 0.650%
Pepsico Inc 0.450%
Royal Dutch Shell 0.440%
L'Oreal Sa 0.380%
Johnson & Johnson 20/5/2024 0.300%
Ecolab Inc 0.220%
Johnson & Johnson 0.200%
Lvmh Moet Hennessy Louis Vuitton Se 0.200%
Chevron Corp 0.170%
Tesco Corporate Treasury Services Plc 1/7/2024 0.170%
Unilever Nv 0.160%
Ecolab Inc 8/12/2021 0.150%
Procter & Gamble Co/The 2/11/2023 0.120%
Glaxosmithkline Plc 0.120%
Colgate-Palmolive Co 0.110%
Ppg Industries Inc 0.080%
Estee Lauder Cos Inc/The 0.080%
Air Products & Chemicals Inc 0.060%
Walgreens Boots Alliance Inc 0.060%
Unilever Plc 0.050%
Royal Dutch Shell B Shares 0.030%
Danone Sa 15/6/2022 0.020%
General Mills Inc 0.020%
Air Liquide 0.020%
Akzo Nobel Nv Eur0.50 0.020%
Johnson & Johnson 15/1/2028 0.020%
Bayer Ag 0.010%
Shiseido Co Ltd 0.010%
Kimberly-Clark Corp 0.010%
Arkema 0.010%
Burberry Group Plc 0.010%
Reckitt Benckiser Group Plc 0.010%
Clorox Co Del 0.010%
Novozymes A/S Ser`B`Dkk2 0.010%
Basf Se 0.010%
Johnson Matthey Plc 0.010%
Edgewell Personal Care Co 0.010%
Chr Hansen Holding A S 0.010%
Mitsui Chemicals Inc 0.010%
Henkel Ag & Co Kgaa Vorzug 0.010%

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.