Mindful Fund
Fund type: Balanced fund
Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
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
Gambling
Gaming and Leisure Properties Inc. 0.02%
Vici Properties Inc. 0.02%
Human Rights & Environmental Violations
Animal Testing
L'Oreal SA 0.52%
Sherwin-Williams 0.56%
Shin-Etsu Chemical 0.10%
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% | 18.56% |
2020 | -1.20% | 2.32% |
2019 | 5.69% | 7.01% |
2018 | 5.19% | 5.45% |
2017 | 5.86% | 5.96% |
2016 | 4.01% | 4.97% |
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 Ethically Conscious Gbl Agg Bond Index Fund NZD Hgd
Australia Fund12.77% -
NZ Cash (BNZ Bank Trust Account)
New Zealand Cash and Equivalents A-1+3.29% -
Vanguard Int'L Prop Sec. Index Fund (AUD Hgd)
Australia Fund2.27% -
Microsoft Corporation
United States International Equities2.08% -
Fisher & Paykel Healthcare Corporation Ltd
New Zealand Australasian Equities1.69% -
Apple Inc.
United States International Equities1.65% -
Alphabet Inc (Class C)
United States International Equities1.26% -
Auckland International Airport Limited
New Zealand Australasian Equities1.22% -
Amazon.Com Inc
United States International Equities1.21% -
NZ Govt Stock 2.75% 15/04/2025
New Zealand NZ Fixed Interest AAA1.01%
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 | 5.0% | 17.29% |
New Zealand Fixed Interest | 17.0% | 11.97% |
International Fixed Interest | 23.0% | 12.78% |
Australasian Equities | 18.0% | 17.56% |
International Equities | 30.0% | 36.04% |
Listed Properties | 7.0% | 4.36% |
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.
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Issue of concernDoes this fund say it excludes this?Actual holdings
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Adult Entertainment/Pornography:0.00%
-
Alcohol:0.00%
-
Animal Testing:1.24%
-
Fossil Fuels:0.01%
-
Gambling:0.04%
-
GMOs:0.00%
-
Human Rights & Environmental Violations:0.01%
-
Palm Oil:0.00%
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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
"The Socially Responsible Balanced Fund invests in a balanced mix of income assets and growth assets. It excludes investments which do not satisfy certain socially responsible investment criteria. It is suited to investors looking for an investment that reflects their personal values who are comfortable with a medium level of risk and are willing to accept a medium level of returns. This fund has been certified by the Responsible Investment Association Australasia (RIAA). Booster has been looking after New Zealanders’ money since 1998. And we’re proudly Kiwi owned and operated. We’re an independent financial services company, based right here in Wellington. We know that understanding how your money is invested is important to you. It's important to us too. That's why we consider environmental, social and governance risks when we assess investments across all of our core KiwiSaver and Investment funds."
Value | $240M NZD |
Period of data report | Fri Dec. 31st 2021 |
Members | 9,449 |
Fund started | Tue July 1st 2014 |
Total annual fund fees | 1.3% |
Total performance based fees | 0.0% |
Manager's basic fee | 1.17% |
Other management and administration charges | 0.13% |
Total other charges | 36.0 |
Total other charges currency | NZD |
Key Personnel
Nic Craven |
Currently: Chief Investment Officer Booster Financial Services Limited (0 years, 5 months) |
David Beattie |
Currently: Principal Booster Financial Services Limited (3 years, 7 months) |
Allan Yeo |
Currently: Managing Director Booster Financial Services Limited (23 years, 7 months) |
Aaron Usher |
Currently: Portfolio Strategy Manager Booster Financial Services Limited (0 years, 5 months) |
Rowan Calvert |
Currently: Portfolio Manager - Global Equities Booster Financial Services Limited (4 years, 2 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.