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Fund type: Balanced fund

Past Returns: No 3 year data yet

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

Annual Fees: 1.23%

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

Apa Group Units 0.01%
BHP Group Ltd 0.40%
China Petroleum & Chemical - H 0.08%
China Shenhua Energy Co-H 0.05%
Coca-Cola Co. 0.08%
Diamondback Energy Inc 011224 2.875 Cb 0.02%
Enbridge Inc 180222 Frn 0.02%
Energy Transfer Partner Lp 150424 4.50 Cb 0.01%
Enterprise Products Partners 0.04%
Gazprom PJSC Adr (Lse) 0.03%
Genesis Energy Ltd 0.18%
Genesis Energy Ltd 03/04/25 5.00%% Cb 0.20%
Genesis Energy Ltd 08/03/23 5.81%% Gb 0.06%
Genesis Energy Ltd 20/07/22 1.32%% Gb 0.05%
Glencore PLC 0.05%
Lyondellbasell Industries Nv 0.01%
New Zealand Refining Co. Ltd. 5.1% 01-Mar-2034 0.05%
Oil Search Ltd 0.05%
Origin Energy Ltd 0.01%
Pembina Pipeline Corp 0.04%
Petroleos Mexicanos 210947 6.75 Gb 0.01%
Posco 0.06%
Qatar Petroleum 120741 3.125 Gb 0.01%
Qatar Petroleum 120926 1.375 Gb 0.01%
Reliance Industries Ltd 0.07%
Rosneft Oil Co PJSC Gdr Reg S 0.01%
Santos Ltd 0.04%
Saudi Arabian Oil Co 160422 2.75 Cb 0.01%
South32 Ltd 0.06%
Suncor Energy Inc 0.19%
Vale SA 0.02%
Vale SA On 0.01%
Vale SA On Adr 0.05%
Woodside Petroleum Ltd 0.03%

Weapons

Airbus Se (Bearer) 0.05%
Honeywell International Inc 0.05%
L3Harris Technologies Inc 0.04%
Safran SA 0.04%

Tobacco

Philip Morris International 0.02%
Seven & I Holdings Co Ltd 0.07%

Gambling

Aristocrat Leisure Ltd 0.06%
Flutter Entertainment PLC 0.03%
Las Vegas Sands Corp 250625 2.90 Cb 0.02%
Sands China Ltd 080828 5.4 Cb 0.01%
Sky City Entertainment Group 0.16%
Tabcorp Holdings Ltd 0.01%

Alcohol

Carlsberg A/S B 0.04%
Endeavour Group Ltd 0.01%
Kirin Holdings Co Ltd 0.03%
LVMH Moet Hennessy Louis Vui 0.12%
LVMH Moet Hennessy Louis Vuitton Se 0.07%
Metcash Limited 0.05%
Pernod Ricard SA 0.02%
Treasury Wine Estates Ltd 0.01%

GMOs

Human Rights & Environmental Violations

BHP Group Ltd 0.40%
Bayer AG 0.02%
Bayer AG-Reg 0.10%
China Petroleum & Chemical - H 0.08%
Energy Transfer Partner Lp 150424 4.50 Cb 0.01%
Glencore PLC 0.05%
Johnson & Johnson 0.04%
Motorola Solutions Inc 0.01%
Nestle SA 0.21%
Nestle SA-Reg 0.12%
Posco 0.06%
Rio Tinto Ltd 0.18%
Vale SA 0.02%
Vale SA On 0.01%
Vale SA On Adr 0.05%

Animal Testing

Archer-Daniels-Midland Co 0.02%
Bayer AG 0.02%
Bayer AG-Reg 0.10%
Bayer US Finance Ii Llc 151228 4.375 Cb 0.01%
Coca-Cola Co. 0.08%
Eastman Chemical Co 0.08%
Estee Lauder Cos. Inc. Class A 0.02%
Glaxosmithkline PLC 0.04%
Hermes International 0.05%
Honeywell International Inc 0.05%
Johnson & Johnson 0.04%
Kao Corporation 0.05%
Kimberly-Clark Corp 0.08%
Kirin Holdings Co Ltd 0.03%
Koninklijke Dsm Nv 0.05%
L'Oreal SA 0.04%
LVMH Moet Hennessy Louis Vui 0.12%
LVMH Moet Hennessy Louis Vuitton Se 0.07%
Linde PLC 0.10%
Lyondellbasell Industries Nv 0.01%
Mondelez International Inc 0.03%
Mondelez International Inc. Class A 0.04%
Nestle SA 0.21%
Nestle SA-Reg 0.12%
Pepsico Inc 0.06%
Pepsico Inc. 0.08%
Philip Morris International 0.02%
Procter & Gamble Co. 0.14%
Reckitt Benckiser Group PLC 0.02%
Reckitt Benckiser Treasury Services PLC 240622 2.375 Cb 0.03%
Reliance Industries Ltd 0.07%
Seven & I Holdings Co Ltd 0.07%
Sherwin-Williams Co 0.04%
Sherwin-Williams Co. 0.02%
Shin-Etsu Chemical Co Ltd 0.05%
Shin-Etsu Chemical Co. Ltd. 0.02%
Tesco Property Finance PLC 130744 Sf 0.04%
Unilever PLC 0.06%

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

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 International Shares Index ETF - NZD
    Australia International Equities
    10.3632%
  • Vanguard Ethically Conscious International Shares Index ETF
    Australia International Equities
    10.2207%
  • Capital Group New Perspective Fund Lux - NZD Hedged
    New Zealand International Equities
    5.0389%
  • Milford Trans-Tasman Bond Fund
    New Zealand NZ Fixed Interest
    4.9313%
  • Fisher Funds NZ Fixed Income Fund
    New Zealand NZ Fixed Interest
    4.9208%
  • Capital Group New Perspective Fund Lux
    New Zealand International Equities
    3.8545%
  • ANZ NZD Current Account
    New Zealand Cash and Equivalents AA-
    3.364%
  • Ishares Core S&P/ASX 200 ETF
    Australia Australasian Equities
    2.5918%
  • Precinct Properties New Zealand Ltd
    New Zealand Listed Property
    0.8878%
  • Goodman Property Trust
    New Zealand Listed Property
    0.8747%

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% 3.34%
New Zealand Fixed Interest 25.0% 26.21%
International Fixed Interest 10.0% 9.22%
Australasian Equities 22.0% 18.29%
International Equities 33.0% 38.09%
Listed Properties 5.0% 4.85%
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.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.39%
  • Animal Testing:
    2.96%
  • Fossil Fuels:
    2.21%
  • Gambling:
    0.33%
  • GMOs:
    0.01%
  • Human Rights & Environmental Violations:
    1.49%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.14%
  • Weapons:
    0.23%

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

"Aims to provide a medium level of capital growth over the medium to long term (at least 5 years). The fund invests similar proportions in income and growth assets."

Value $1.6M NZD
Period of data report Fri Dec. 31st 2021
Members 49
Fund started Tue Nov. 24th 2020
Total annual fund fees 1.23%
Total performance based fees 0.0%
Manager's basic fee 0.93%
Other management and administration charges 0.3%
Total other charges 36.0
Total other charges currency NZD

Key Personnel

Stuart Kenneth Reginald Millar

Currently: Chief Investment Officer - Smartshares (2 years, 7 months)
Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)

Andrew Kelleher

Currently: Director JMI Wealth Limited Clarity Funds Management Limited and Select Wealth (13 years, 8 months)
Previously: Acting Managing Principal ASB Securities Limited and Investment Consultant ASB (3 years, 5 months)

Simon Reichenbach

Currently: Senior Investment Executive JMI Wealth Limited (2 years, 3 months)
Previously: Senior Research Analyst Staples Rodway Asset Management (4 years, 11 months)

David Wilson

Currently: Senior Executive - JMI Wealth Limited (0 years, 9 months)
Previously: Chief Operating Officer - Investments New Zealand Funds Management (2 years, 0 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.

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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.