Funds
Select KiwiSaver Balanced Fund
Fund type: Balanced fund
Past Returns: *-2.49%Annual Fees: 1.23%
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 Ltd 0.97%
- Genesis Energy Ltd 5.00% 3/04/2025 0.31%
- BHP Group Ltd 0.30%
- Genesis Energy Ltd 0.29%
- Iberdrola SA 0.24%
- Eni Spa 0.19%
- National Grid PLC 0.19%
- Glencore PLC 0.18%
- China Petroleum & Chemical Corp 0.17%
- Valero Energy Corp 0.15%
- Genesis Energy Ltd 4.17% 14/03/2028 0.12%
- Suncor Energy Inc 0.12%
- Channel Infrastructure NZ Ltd 0.11%
- Santos Ltd 0.08%
- Channel Infrastructure NZ Ltd. 5.1% 01-Mar-2034 0.07%
- Arcelormittal SA 0.05%
- Pg&E Corp 0.05%
- South32 Ltd 0.05%
- Woodside Energy Group Ltd 0.04%
- Reliance Industries Ltd 0.03%
Weapons
- Walmart Inc 0.07%
Gambling
- Skycity Entertainment Group Ltd 0.25%
- Aristocrat Leisure Ltd 0.08%
- International Game Technology PLC 0.03%
Alcohol
- Diageo PLC 0.26%
- Kirin Holdings Co Ltd 0.14%
- Metcash Ltd 0.06%
Human Rights & Environmental Violations
- BHP Group Ltd 0.30%
- Bayer AG 0.19%
- Wells Fargo & Co 0.19%
- Glencore PLC 0.18%
- China Petroleum & Chemical Corp 0.17%
- Nestle SA 0.14%
- Rio Tinto PLC 0.13%
- Archer-Daniels-Midland Co 0.12%
- Rio Tinto Ltd 0.12%
- Johnson & Johnson 0.08%
- Meta Platforms Inc 0.08%
- Chemours Co/The 0.07%
- Nutrien Ltd 0.06%
- Pg&E Corp 0.05%
- Credit Suisse Group AG 4.55% 17/04/2026 0.03%
- Credit Suisse Group AG 4.207% 12/06/2024 0.02%
- Credit Suisse Group AG 6.537% 12/08/2033 0.02%
- Credit Suisse New York 3.70% 21/02/2025 0.02%
- Meta Platforms Inc. 0.02%
- Wells Fargo & Company 3.526% 24/03/2028 0.02%
- Credit Suisse Group AG 1.00% 24/06/2027 0.01%
- Credit Suisse Group AG 6.375% #N/A Field Not Applicable 0.01%
- Thermo Fisher Scientific Inc. 0.01%
Animal Cruelty
- Colgate-Palmolive Co 0.29%
- Ecolab Inc 0.23%
- Koninklijke Dsm Nv 0.23%
- Bayer AG 0.19%
- Eni Spa 0.19%
- L'Oreal SA 0.18%
- China Petroleum & Chemical Corp 0.17%
- Nestle SA 0.14%
- LVMH Moet Hennessy Louis Vuitton Se 0.13%
- Pepsico Inc 0.13%
- Archer-Daniels-Midland Co 0.12%
- Chemours Co/The 0.07%
- Nutrien Ltd 0.06%
- Kimberly-Clark Corp 0.04%
- Reliance Industries Ltd 0.03%
- Tesco PLC 0.03%
- Pepsico Inc. 0.02%
- Procter & Gamble Co. 0.02%
- Coca-Cola 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
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 | $2.2M NZD |
| Period of data report | 31st Dec. 2022 |
| Members | 64 |
| Fund started | 24th Nov. 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 (3 years, 7 months) |
|
Andrew Kelleher |
Currently: Director - JMI Wealth Limited - Clarity Funds Management Limited and Select Weal (14 years, 8 months) |
|
Simon Reichenbach |
Currently: Senior Investment Executive - JMI Wealth Limited (3 years, 3 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 | 0.48% | |
| Animal Cruelty | 2.51% | |
| Fossil Fuels | 3.78% | |
| Gambling | 0.36% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 2.18% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.00% | |
| Weapons | 0.08% |
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 | 0.35% | 1.74% |
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
-
Wellington Global Stewards Fund
Ireland International Equities11.25% -
ANZ NZD Current Account
New Zealand Cash and Equivalents AA-6.03% -
Milford Trans Tasman Bond Fund
New Zealand NZ Fixed Interest5.05% -
Fisher Funds NZ Fixed Income Fund
New Zealand NZ Fixed Interest5.0% -
Capital Group New Perspective Fund Lux
Luxembourg International Equities3.96% -
Treasury Bill 0.00% 2/03/2023
United States Int Fixed Interest AAA1.76% -
Mortgage Passthrough Tba
United States Int Fixed Interest AA+1.58% -
Ishares Msci Em Imi ESG Screened Ucits ETF
Ireland International Equities1.53% -
Cash At Bank
New Zealand Cash and Equivalents AA-1.19% -
Spark New Zealand Ltd
New Zealand Australasian Equities1.04%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 22.0% | 5.4964% |
| New Zealand Fixed Interest | 5.0% | 28.72517% |
| International Fixed Interest | 0.0% | 10.979446% |
| Australasian Equities | 33.0% | 19.671152% |
| International Equities | 10.0% | 32.090773% |
| Listed Properties | 5.0% | 3.037059% |
| Unlisted Properties | 25.0% | 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.
Target
Actual
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.