Summer Balanced Selection

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Not Mindful
Type: Balanced fund
Past Returns: 4.33%

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 any membership and % management 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 0.04%
BHP Group Limited 0.89%
Diamondback Energy Inc Sr Unsec 0.01%
Dominion Energy Gas Hldg Sr Unsec 0.01%
Enbridge Inc Sr Unsec 0.02%
Enel Finance Intl Nv Co Gtd Sr Unsec 0.01%
Energy Transfer Operatng Sr Unsec 0.01%
Genesis Energy Limited 0.27%
Genesis Energy Limited 20/07/2022 1.32% 0.13%
Genesis Energy Limited 5.0% 03/04/2025 0.38%
Genesis Energy Limited Bonds 09/06/2047 5.70% 0.31%
Genesis Energy Ltd Bonds 18/03/2022 4.14% 0.10%
Nextera Energy Capital Sr Unsec 0.01%
Origin Energy Limited 0.14%
Petrobras Global Finance Sr Unsec 0.03%
Rio Tinto Limited 0.37%
Santos Limited 0.15%
Saudi Arabian Oil Co Sr Unsec Regs 0.01%
South32 Limited 0.25%
The New Zealand Refining Company Limited 0.06%
Viva Energy Group Limited 0.29%
Woodside Petroleum Limited 0.16%

Gambling

Aristocrat Leisure Limited 0.10%
Las Vegas Sands Corp Sr Unsec 0.01%
Sands China Ltd Sr Unsec 0.01%
Skycity Entertainment Group Limited 0.27%

Alcohol

Delegat Group Limited 0.21%
LVMH Moet Hennessy- Louis Vuitton 0.71%
Treasury Wine Estates Limited 0.19%

Human Rights & Environmental Violations

BHP Group Limited 0.89%
Rio Tinto Limited 0.37%

Animal Testing

Bayer AG 0.340%
Bayer US Finance Ii Llc Sr Unsec 144A 0.010%
Estee Lauder Companies Inc. 0.430%
LVMH Moet Hennessy- Louis Vuitton 0.710%
Reckitt Benckiser Tsy Sr Unsec 144A 0.030%
Tesco Prop Fin 6 PLC 0.030%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed Sept. 30th 2020 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.

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
2020 -1.89% -0.55%
2019 5.68% 7.19%
2018 5.63% 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 Thu Dec. 31st 2020.

Showing the top 10 investments for this fund:

  • ANZ Transactional Bank Account
    New Zealand Cash and Equivalents AA-
    7.57%
  • New Zealand Local Government Funding Agency Ltd 14/04/2033 3.50%
    New Zealand NZ Fixed Interest AA+
    1.86%
  • Housing New Zealand 3.36% 12/06/2025
    New Zealand NZ Fixed Interest AA+
    1.69%
  • New Zealand Local Government Funding Agency Ltd 15/05/2021 6.00%
    New Zealand NZ Fixed Interest AA+
    1.46%
  • Bank Of New Zealand Subordinated Note 17/12/2025 5.314%
    New Zealand NZ Fixed Interest BBB+
    1.41%
  • Amazon.Com Inc.
    United States International Equities
    1.32%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    1.31%
  • Visa Inc.- Class A Shares
    United States International Equities
    1.28%
  • CSL Limited
    Australia Australasian Equities
    1.27%
  • New Zealand Local Government Funding Agency Ltd 15/04/2027 4.50%
    New Zealand NZ Fixed Interest AA+
    1.24%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Thu Dec. 31st 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 15.0% 10.97%
New Zealand Fixed Interest 20.0% 26.15%
International Fixed Interest 10.0% 6.24%
Australasian Equities 25.0% 26.2%
International Equities 25.0% 24.67%
Listed Properties 5.0% 5.78%
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 Thu Dec. 31st 2020.

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
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    1.11%
  • Animal Testing:
    1.55%
  • Fossil Fuels:
    3.65%
  • Gambling:
    0.39%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    1.26%
  • 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 Wed Sept. 30th 2020 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 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.

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 $120M NZD
Period of data report Thu Dec. 31st 2020
Members 2,555
Fund started Mon Sept. 19th 2016
Total annual fund fees 0.9%
Total performance based fees 0.0%
Manager's basic fee 0.87%
Administration charges 0.03%
Total other charges 36.0
Total other charges currency NZD

Key Personnel

Kevin Stirrat

Currently: Director/Strategy Wealth Management ResearchForsyth Barr Limited (1 years, 5 months)
Previously: Head of Investment Strategy Forsyth Barr Limited (13 years, 11 months)

Craig Alexander

Currently: Co-Head of Funds ManagementForsyth Barr Limited (7 years, 6 months)
Previously: Head of Fixed InterestTower Investments (5 years, 2 months)

Jason Lindsay

Currently: Co-Head of Funds ManagementForsyth Barr Limited (1 years, 3 months)
Previously: Portfolio Manager Australasian Listed Infrastructure ACC (6 years, 2 months)

Neil Paviour-Smith

Currently: Director (12 years, 10 months)
Previously: Managing Director at Forsyth Barr Limited (current) (20 years, 0 months)

Martin Hawes

Currently: Chair Summer Investment Committee (4 years, 4 months)
Previously: Authorised Financial Adviser (current) (9 years, 6 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Thu Dec. 31st 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.