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:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

    • Meta Platforms Inc-Class A 0.22%
    • Thermo Fisher Scientific Inc 0.20%
    • Johnson & Johnson 0.16%
    • Wells Fargo & Co 0.11%
    • Uber Technologies Inc 0.06%
    • Credit Suisse Group AG 0.05%
    • Credit Suisse AG London 0.01%
    • Thermo Fisher Scientific 0.01%
    • Freeport-Mcmoran Inc 0.07%
    • Archer-Daniels-Midland Co 0.04%
    • Barrick Gold Corp 0.03%
    • Bayer US Finance Ii Llc 0.02%
    • Bayer AG-Reg 0.01%
    • Hermes International 0.14%
    • L'Oreal 0.10%
    • Unilever PLC 0.10%
    • Shin-Etsu Chemical Co Ltd 0.08%
    • Sherwin-Williams Co/The 0.07%
    • 3M Co 0.06%
    • Air Liquide SA 0.05%
    • Clorox Company 0.03%
    • Dow Inc 0.03%
    • Bayer US Finance Ii Llc 0.02%
    • Church & Dwight Co Inc 0.02%
    • Bayer AG-Reg 0.01%
    • Jab Holdings Bv 0.01%
    • Weir Group PLC/The 0.02%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31st March 2023 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

The Socially Responsible Moderate Fund is suited to investors who seek moderate returns on average over medium term periods (three years plus), allowing for some shorter-term ups and downs, whilst excluding investments which do not satisfy certain socially responsible investment criteria. We aim to achieve this by investing mainly in income assets, while including a moderate allocation of growth assets, and the application of our Responsible Investment Policy.

Value $50M NZD
Period of data report 30th June 2023
Members 2,620
Fund started 24th March 2020
Total annual fund fees 1.11%
Total performance based fees 0.0%
Manager's basic fee 1.07%
Other management and administration charges 0.04%
Total other charges 36.0
Total other charges currency NZD

Nic Craven

Currently: Chief Investment Officer, Booster Financial Services Limited (1 years, 11 months)
Previously: Senior Manager - Research, Booster Financial Services Limited (3 years, 2 months)

Brendon Doyle

Currently: Director of Direct Investments, Booster Financial Services Limited (6 years, 4 months)
Previously: Deputy Secretary, Financial Operations, New Zealand Treasury (1 years, 1 months)

David Beattie

Currently: Chair of the Investment Committee, Booster Investment Management Limited (4 years, 4 months)
Previously: CIO, Booster Financial Services Limited (17 years, 6 months)

Aaron Usher

Currently: Portfolio Strategy Manager, Booster Financial Services Limited (1 years, 11 months)
Previously: Portfolio Manager - Australasian Equities, Booster Financial Services Limited (3 years, 8 months)

Rowan Calvert

Currently: Portfolio Manager - Global Equities, Booster Financial Services Limited (5 years, 8 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 30th June 2023.

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
2023 -2.79% -2.6%
2022 0.71% -0.17%
2021 17.98% 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 30th June 2023.

Top 10 Investments

  • Vanguard Ethically Conscious Gbl Agg Bond Index Fund NZD Hgd
    Australia Fund
    28.06%
  • NZ Cash (BNZ Bank Trust Account)
    New Zealand Cash and Equivalents A-1+
    4.18%
  • BNZ Bank Bill 11/07/2023
    New Zealand NZ Fixed Interest A-1+
    2.08%
  • Vanguard Int'L Prop Sec. Index Fund (AUD Hgd)
    Australia Fund
    1.77%
  • Secured Loan To Booster KiwiSaver Scheme Sr Geared Growth Fund
    New Zealand NZ Fixed Interest
    1.51%
  • NZ Govt Stock 3.50% 14/04/2033
    New Zealand NZ Fixed Interest AAA
    1.48%
  • NZ Govt Stock 1.50% 15/05/2031
    New Zealand NZ Fixed Interest AAA
    1.35%
  • Microsoft Corporation
    United States International Equities
    1.02%
  • Apple Inc
    United States International Equities
    0.98%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    0.97%
Type Target Actual
Cash and Cash Equivalents 20.0% 16.76%
New Zealand Fixed Interest 25.0% 22.32%
International Fixed Interest 20.0% 28.77%
Australasian Equities 11.0% 9.67%
International Equities 21.0% 19.03%
Listed Properties 3.0% 3.45%
Unlisted Properties 0.0% 0.0%
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.

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th June 2023.