Funds

Booster Moderate Fund

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Issues of concern

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.

Key:

  • Adult Entertainment/Pornography
  • Alcohol
  • Animal Cruelty
  • Fossil Fuels
  • Gambling
  • GMOs
  • Human Rights & Environmental Violations
  • Palm Oil
  • Tobacco
  • Weapons

Companies of concern

  • Fossil Fuel

    • Contact Energy Limited 0.33%
    • BHP Group Limited 0.31%
    • Woodside Energy Group Ltd 0.13%
    • Exxon Mobil Corp. 0.08%
    • Totalenergies Se 0.07%
    • Chevron Corp. 0.06%
    • BHP Billiton Adr 0.05%
    • Equinor Asa 0.05%
    • Shell PLC 0.05%
    • Conocophillips 0.03%
    • Nextera Energy Inc. 0.03%
    • Reliance Industries Ltd. 0.03%
    • BP PLC 0.02%
    • Duke Energy Corp. 0.02%
    • Enbridge Inc. 0.02%
    • Southern Co. 0.02%
    • Vale SA 0.02%
    • Apa Group 0.01%
    • Canadian Natural Resources Ltd. 0.01%
    • Dominion Energy Inc. 0.01%
    • Eog Resources Inc. 0.01%
    • Glencore PLC 0.01%
    • Iberdrola SA 0.01%
    • Marathon Petroleum Corp. 0.01%
    • Occidental Petroleum Corp. 0.01%
    • Pioneer Natural Resources Co. 0.01%
    • Sempra Energy 0.01%
    • South32 Limited 0.01%
    • Whitehaven Coal Ltd 0.01%

  • Weapons

    • Wal-Mart Stores Inc 0.07%
    • Walmart Inc. 0.05%
    • Brookfield Asset Management Inc. 0.01%

  • Gambling

    • Sky City Entertainment Group Limited 0.13%
    • Aristocrat Leisure Limited 0.04%
    • Vici Properties Inc. 0.03%
    • Gaming and Leisure Properties Inc. 0.01%

  • Alcohol

    • Booster Wine Group Limited Partnership 0.96%
    • Booster Wine Group Limited Partnership-B 0.58%
    • Non-Taxable Accrual - Booster Wine Group Lp 0.05%
    • Diageo PLC 0.02%
    • Heineken Nv 0.02%

  • Human Rights & Environmental Violations

    • BHP Group Limited 0.31%
    • Thermo Fisher Scientific 0.13%
    • Nestle SA 0.11%
    • Johnson & Johnson 0.11%
    • Meta Platforms Inc. 0.07%
    • Chevron Corp. 0.06%
    • Meta Platforms Inc 0.06%
    • BHP Billiton Adr 0.05%
    • Shell PLC 0.05%
    • Rio Tinto Limited 0.04%
    • Thermo Fisher Scientific Inc. 0.04%
    • Thermo Fisher Scientific Inc 0.03%
    • Wells Fargo & Co. 0.03%
    • Caterpillar Inc. 0.02%
    • Duke Energy Corp. 0.02%
    • Vale SA 0.02%
    • Activision Blizzard Inc. 0.01%
    • Archer-Daniels-Midland Co. 0.01%
    • Bayer AG 0.01%
    • Glencore PLC 0.01%
    • Rio Tinto PLC 0.01%

  • Animal Cruelty

    • Nestle SA 0.11%
    • LVMH Moet Hennessy Louis Vuitton SA 0.09%
    • Exxon Mobil Corp. 0.08%
    • Procter & Gamble Co. 0.07%
    • L'Oreal SA 0.06%
    • Chevron Corp. 0.06%
    • Coca-Cola Co. 0.05%
    • Pepsico Inc. 0.05%
    • Shell PLC 0.05%
    • LVMH Moet Hennessy Louis Vuitton Se 0.04%
    • Reliance Industries Ltd. 0.03%
    • Mondelez International Inc. 0.02%
    • Unilever PLC 0.02%
    • 3M Co. 0.01%
    • Archer-Daniels-Midland Co. 0.01%
    • Bayer AG 0.01%
    • Cie Financiere Richemont SA 0.01%
    • Colgate-Palmolive Co. 0.01%
    • Estee Lauder Cos. Inc. 0.01%
    • Exxon Mobil Corporation 0.01%
    • General Mills Inc. 0.01%
    • LVMH 0.01%
    • Procter & Gamble Company 0.01%
    • Sherwin-Williams Co. 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 30th Sept. 2022 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.

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

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.

About this fund

In their own words

The Moderate Fund invests mainly in income assets, but includes some growth assets. It is suited to investors looking for a low to medium level of risk and are willing to accept a moderate level of returns.

Value $220M NZD
Period of data report 31st Dec. 2022
Members 13,254
Fund started 1st Oct. 2007
Total annual fund fees 1.08%
Total performance based fees 0.0%
Manager's basic fee 1.06%
Other management and administration charges 0.02%
Total other charges 36.0
Total other charges currency NZD

Key Personnel

Nic Craven

Currently: Chief Investment Officer, Booster Financial Services Limited (1 years, 5 months)
Previously: Senior Manager - Research, Booster Financial Services Limited (3 years, 2 months)

Brendon Doyle

Currently: Chair of the Investment Committee, Booster Investment Management Limited (0 years, 8 months)
Previously: Director of Direct Investments, Booster Financial Services Limited (current position) (1 years, 1 months)

Allan Yeo

Currently: Managing Director, Booster Financial Services Limited (24 years, 7 months)
Previously: Associate Director, Barclays Bank plc (2 years, 0 months)

Aaron Usher

Currently: Portfolio Strategy Manager, Booster Financial Services Limited (1 years, 5 months)
Previously: Portfolio Manager - Australasian Equities, Booster Financial Services Limited (3 years, 9 months)

Rowan Calvert

Currently: Portfolio Manager - Global Equities, Booster Financial Services Limited (5 years, 2 months)
Previously: Senior Equity Analyst, Booster Financial Services Limited (7 years, 4 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.

Investment Exclusions

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).

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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

Issue of concern Does this fund say it excludes this? Actual holdings
Adult Entertainment /Pornography 0.00%
Alcohol 1.73%
Animal Cruelty 1.63%
Fossil Fuels 2.14%
Gambling 0.26%
GMOs 0.01%
Human Rights & Environmental Violations 1.60%
Palm Oil 0.01%
Tobacco 0.02%
Weapons 0.21%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30th Sept. 2022 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 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.

Past Returns

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
2022 -0.92% 0.23%
2021 8.73% 10.49%
2020 1.42% 0.73%
2019 4.58% 5.24%
2018 3.58% 3.81%
2017 4.10% 4.23%
2016 3.52% 2.85%
2015 8.10% 7.73%
2014 3.88% 1.79%
2013 6.92% 6.19%

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 31st Dec. 2022.

Top 10 Investments

  • Vanguard Ethically Conscious Gbl Agg Bond Index Fund NZD Hgd
    Australia Fund
    21.89%
  • NZ Cash (BNZ Bank Trust Account)
    New Zealand Cash and Equivalents A-1+
    9.9%
  • Vanguard Int'L Shares Select Exclusions Fund - NZD Hgd
    Australia Fund
    9.58%
  • Metrics Secured Private Debt Fund Ii
    Australia Fund
    2.04%
  • Secured Loan To Booster KiwiSaver Scheme Geared Growth Fund
    New Zealand NZ Fixed Interest
    1.8%
  • Vanguard Emerging Markets Share Index Fund
    Australia Fund
    1.65%
  • Ishares ESG Aware U.S. Aggregate Bond ETF
    United States Int Fixed Interest
    1.55%
  • Vanguard Int'L Prop Sec. Index Fund (AUD Hgd)
    Australia Fund
    1.21%
  • NZ Govt Stock 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AAA
    1.21%
  • NZ Govt Stock 1.50% 15/05/2031
    New Zealand NZ Fixed Interest AAA
    1.21%
Type Target Actual
Cash and Cash Equivalents 20.0% 18.15%
New Zealand Fixed Interest 25.0% 23.21%
International Fixed Interest 15.0% 23.91%
Australasian Equities 14.0% 11.1%
International Equities 20.0% 19.54%
Listed Properties 3.0% 2.32%
Unlisted Properties 3.0% 1.77%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

Investment Mix

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

Target

Actual

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.