Summer Balanced Selection

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Fund type: Balanced fund

Past Returns: 7.81%

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

Annual Fees: 0.9%

Annual fees, including management and administration fees, but not membership fee.

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.


Fossil Fuel

Apa Group Limited 0.08%
BHP Group Limited 0.81%
Coca-Cola Ltd 0.32%
Diamondback Energy Inc Sr Unsec 0.01%
Enbridge Inc Sr Unsec 0.02%
Genesis Energy Limited 0.24%
Genesis Energy Limited 20/07/2022 1.32% 0.10%
Genesis Energy Limited 5.0% 03/04/2025 0.28%
Genesis Energy Limited Bonds 09/06/2047 5.70% 0.24%
Genesis Energy Limited Commercial Paper 19/11/2021 0.71%
Genesis Energy Ltd Bonds 18/03/2022 4.14% 0.07%
Karoon Energy Ltd 0.05%
Oil Search Limited 0.69%
Origin Energy Limited 0.11%
Qatar Petroleum Sr Unsec Regs 0.02%
Santos Limited 0.14%
Saudi Arabian Oil Co Sr Unsec Regs 0.01%
South32 Limited 0.26%
The New Zealand Refining Company Limited 0.24%
Viva Energy Group Limited 0.37%
Woodside Petroleum Limited 0.15%

Gambling

Aristocrat Leisure Limited 0.15%
Las Vegas Sands Corp Sr Unsec 0.01%
Sands China Ltd Sr Unsec 0.01%
Skycity Entertainment Group Limited 0.58%
Skycity Entertainment Group Ltd 21/05/2027 3.02% 0.06%
The Star Entertainment Group Limited 0.09%

Alcohol

Delegat Group Limited 0.11%
Endeavour Group Ltd 0.05%
Treasury Wine Estates Limited 0.10%

Human Rights & Environmental Violations

BHP Group Limited 0.81%
Rio Tinto Limited 0.46%

Animal Testing

Bayer US Finance Ii Llc Sr Unsec 144A 0.01%
Coca-Cola Ltd 0.32%
Mondelez International Inc 0.75%
Reckitt Benckiser Tsy Sr Unsec 144A 0.02%
Tesco Prop Fin 6 PLC 0.03%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu Sept. 30th 2021 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, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2021 16.64% 16.79%
2020 -1.20% -0.55%
2019 5.69% 7.19%
2018 5.19% 6.35%

The market average is the average 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 Fri Dec. 31st 2021.

Showing the top 10 investments for this fund:

  • Vanguard ESG US Stock ETF
    United States Fund
    12.11%
  • Vanguard ESG International Stock ETF
    United States International Equities
    8.15%
  • ANZ Transactional Bank Account
    New Zealand Cash and Equivalents AA-
    4.16%
  • Housing New Zealand 3.36% 12/06/2025
    New Zealand NZ Fixed Interest AA+
    1.66%
  • New Zealand Local Government Funding Agency Ltd 14/04/2033 3.50%
    New Zealand NZ Fixed Interest AA+
    1.59%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    1.54%
  • CSL Limited
    Australia Australasian Equities
    1.29%
  • Gmt Bond Issuer Limited 23/06/2022 5.00%
    New Zealand NZ Fixed Interest BBB+
    1.19%
  • New Zealand Local Government Funding Agency Ltd 15/04/2027 4.50%
    New Zealand NZ Fixed Interest AA+
    1.13%
  • Housing New Zealand 2.97% 12/06/2023
    New Zealand NZ Fixed Interest AA+
    1.07%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Dec. 31st 2021.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 6.16%
New Zealand Fixed Interest 22.0% 28.51%
International Fixed Interest 13.0% 5.92%
Australasian Equities 25.0% 27.38%
International Equities 25.0% 26.64%
Listed Properties 5.0% 5.4%
Unlisted Properties 0.0% 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 Fri Dec. 31st 2021.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible 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
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.26%
  • Animal Testing:
    1.13%
  • Fossil Fuels:
    4.92%
  • Gambling:
    0.90%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    1.27%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu Sept. 30th 2021 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, Sustainalytics and research organisations.

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"We aim to achieve positive long-term returns by choosing a mix of cash fixed interest equity and property investments. Investors can expect moderate to high levels of movement up and down in value and to receive longer-term returns that are higher than those of the Summer Conservative Selection but lower than those of the Summer Growth Selection."

Value $130M NZD
Period of data report Fri Dec. 31st 2021
Members 2,506
Fund started Mon Sept. 19th 2016
Total annual fund fees 0.9%
Total performance based fees 0.0%
Manager's basic fee 0.86%
Other management and administration charges 0.04%
Total other charges 36.0
Total other charges currency NZD

Key Personnel

Paul Robertshawe

Currently: Chief Investment OfficerOctagon Asset Management Limited (0 years, 1 months)
Previously: Portfolio ManagerForsyth Barr Limited (0 years, 8 months)

Craig Alexander

Currently: Head of Fixed Interest and ESGOctagon Asset Management Limited (0 years, 1 months)
Previously: Co-Head of Funds ManagementForsyth Barr Limited (8 years, 5 months)

Jason Lindsay

Currently: Head of EquitiesOctagon Asset Management Limited (0 years, 1 months)
Previously: Co-Head of Funds ManagementForsyth Barr Limited (2 years, 2 months)

Neil Paviour-Smith

Currently: DirectorForsyth Barr Investment Management Limited (13 years, 10 months)
Previously: Managing Director at Forsyth Barr Investment Management Limited (current) (21 years, 0 months)

Christine Smith-Han

Currently: Equity and Strategy AnalystOctagon Asset Management Limited (0 years, 1 months)
Previously: Portfolio AnalystForsyth Barr Limited (4 years, 10 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Dec. 31st 2021.

Downloads

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 invested. 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 Markets Conduct Act 2013 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.