Booster Socially Responsible Investment Moderate Fund

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Mindful Fund
Type: Balanced fund
Past Returns: *9.76%

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

Annual Fees: 1.24%

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. 0.01%
Vici Properties Inc. 0.02%

Human Rights & Environmental Violations

Animal Testing

Danone SA 0.100%
Ecolab Inc 0.230%
Givaudan SA 0.140%
L'Oreal SA 0.200%
Linde PLC 0.170%
Pepsico Inc 0.450%
Procter & Gamble Co. 0.560%

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 March 31st 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% 9.76%

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 Wed June 30th 2021.

Showing the top 10 investments for this fund:

  • Vanguard Ethically Conscious Gbl Agg Bond Index Fund NZD Hgd
    Australia Fund
    18.5%
  • ANZ Bank Bill 13/08/2021
    New Zealand NZ Fixed Interest A-1+
    2.11%
  • NZ Govt Stock 2.75% 15/04/2025
    New Zealand NZ Fixed Interest AAA
    1.99%
  • Vanguard Int'L Prop Sec. Index Fund (AUD Hgd)
    Australia Fund
    1.96%
  • Westpac Treasury - Td 12 Oct 2021 @ 0.880%
    New Zealand Cash and Equivalents AA-
    1.41%
  • Fisher & Paykel Healthcare Corporation Ltd
    New Zealand Australasian Equities
    1.3%
  • Westpac Fixed Rate Mtn 2.22% 29/07/2024
    New Zealand NZ Fixed Interest AA-
    1.29%
  • Kiwibank Td - NZPT 07 Sep 2021 @ 0.700%
    New Zealand Cash and Equivalents A
    1.26%
  • New Zealand Government Stock 3.0% 20/04/2029
    New Zealand NZ Fixed Interest AAA
    1.22%
  • NZ Cash (BNZ Bank Trust Account)
    New Zealand Cash and Equivalents A-1+
    1.13%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed June 30th 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 20.0% 19.13%
New Zealand Fixed Interest 27.0% 26.52%
International Fixed Interest 18.0% 18.66%
Australasian Equities 12.0% 12.59%
International Equities 19.0% 19.2%
Listed Properties 4.0% 3.9%
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 Wed June 30th 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:
    0.00%
  • Animal Testing:
    2.03%
  • Fossil Fuels:
    0.02%
  • Gambling:
    0.04%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.03%
  • 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 March 31st 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 Investment Moderate 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 $23M NZD
Period of data report Wed June 30th 2021
Members 712
Fund started Tue March 24th 2020
Total annual fund fees 1.24%
Total performance based fees 0.0%
Manager's basic fee 1.17%
Other management and administration charges 0.07%
Total other charges 36.0
Total other charges currency NZD

Key Personnel

David Beattie

Currently: Principal Booster Financial Services Limited (3 years, 1 months)
Previously: CIO Booster Financial Services Limited (17 years, 6 months)

Nic Craven

Currently: Senior Manager - Research Booster Financial Services Limited (3 years, 1 months)
Previously: Research Manager Booster Financial Services Limited (4 years, 2 months)

Allan Yeo

Currently: Managing Director Booster Financial Services Limited (23 years, 1 months)
Previously: Associate Director Barclays Bank plc (2 years, 0 months)

Rowan Calvert

Currently: Portfolio Manager - Global Equities Booster Financial Services Limited (3 years, 8 months)
Previously: Senior Equity Analyst Booster Financial Services Limited (7 years, 4 months)

Aaron Usher

Currently: Portfolio Manager - Australasian Equities Booster Financial Services Limited (3 years, 8 months)
Previously: Equity Analyst Booster Financial Services Limited (5 years, 9 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed June 30th 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 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.