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

    • Thermo Fisher Scientific Inc 0.44%
    • Nestle SA-Reg 0.43%
    • Ubs Group AG-Reg 0.28%
    • Rio Tinto Ltd 0.15%
    • Credit Suisse Group AG 0.06%
    • Wells Fargo Bank Na 0.05%
    • Wells Fargo & Co 0.04%
    • Caterpillar Inc 0.03%
    • China Petroleum & Chemical-H 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Johnson & Johnson 0.03%
    • Teva Pharmaceutical Ind Ltd 0.02%
    • BHP Group Ltd 0.32% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Duke Energy Corp 0.08%
    • Shell PLC 0.05% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Adeka Corp 0.02%
    • Archer-Daniels-Midland Co 0.02%
    • Shell International Fin 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Wh Group Ltd 0.01%
    • LVMH Moet Hennessy Louis Vui 0.38%
    • Air Liquide SA 0.25%
    • Intl Flavors & Fragrances 0.18%
    • PPG Industries Inc 0.14%
    • Akzo Nobel N.V. 0.10%
    • Burberry Group PLC 0.08%
    • Hermes International 0.07%
    • L'Oreal 0.07%
    • Orica Ltd 0.06%
    • Sherwin-Williams Co/The 0.06%
    • Shell PLC 0.05% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • China Petroleum & Chemical-H 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Eastman Chemical Co 0.03%
    • Koninklijke Ahold Delhaize N 0.03%
    • Unilever Capital Corp 0.03%
    • Adeka Corp 0.02%
    • Mosaic Co/The 0.02%
    • Sherwin-Williams Co 0.02%
    • Capri Holdings Ltd 0.01%
    • Kimberly-Clark Corp 0.01%
    • Mitsubishi Gas Chemical Co 0.01%
    • Shell International Fin 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Syensqo SA 0.01%
    • Yara International Asa 0.01%
    • Dick's Sporting Goods Inc 0.03%
    • Sojitz Corp 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Canadian Tire Corp-Class A 0.01%
    • Contact Energy Ltd 0.45% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.32% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Rio Tinto Ltd 0.15%
    • Ameren Corporation 0.11%
    • Woodside Energy Group Ltd 0.11% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Genesis Energy Ltd 0.10%
    • Intertek Group PLC 0.10%
    • American Electric Power 0.09%
    • Santos Ltd 0.09% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Duke Energy Corp 0.08%
    • Entergy Corp 0.08%
    • Nisource Inc 0.08%
    • Oneok Inc 0.08%
    • Sempra Energy 0.08% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Vopak 0.08% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Edp-Energias De Portugal SA 0.07% 1.5°C
      This company is on a 1.5°C pathway
    • National Grid PLC 0.07% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Dominion Energy Inc 0.06%
    • Marathon Petroleum Corp 0.06%
    • Orica Ltd 0.06%
    • Ampol Ltd 0.05%
    • Enel Finance Intl Nv 0.05% 1.5°C
      This company is on a 1.5°C pathway
    • Shell PLC 0.05% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Cheniere Energy Inc 0.04% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Enbridge Inc 0.04% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Mitsui & Co Ltd 0.04% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Phillips 66 0.04%
    • Total SA 0.04%
    • Valero Energy Corp 0.04%
    • China Petroleum & Chemical-H 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Hf Sinclair Corp 0.03%
    • Itochu Corp 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Sojitz Corp 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Woodside Finance Ltd 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Cassa Depositi E Prestit 0.02%
    • Delta Air Lines Inc 0.02%
    • Jefferies Financial Group In 0.02%
    • Korea Electric Power Co 0.02%
    • Marubeni Corp 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Motor Oil (Hellas) SA 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Nrg Energy Inc 0.02%
    • OMV AG 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Repsol SA 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Scorpio Tankers Inc 0.02%
    • Beijing Enterprises Hldgs 0.01%
    • Centrica PLC 0.01%
    • Ck Hutchison Holdings Ltd 0.01%
    • Enel Chile SA 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Enel Spa 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Iberdrola Intl Bv 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Lg Corp 0.01%
    • Origin Energy Ltd 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Shell International Fin 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C

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 2024 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 Balanced Fund invests in similar amounts of income assets (cash and cash equivalents and fixed interest) and growth assets (equities, listed property and listed infrastructure). The fund may also invest in alternative assets.The Balanced Fund aims to achieve (after the fund charge and before tax) over the long term moderate returns, allowing for moderate ups and downs in value.

Value $649M NZD
Period of data report 30th June 2024
Members 9,690
Fund started 1st Oct. 2007
Total annual fund fees 0.91%
Total performance based fees 0.0%
Manager's basic fee 0.87%
Other management and administration charges 0.04%
Total other charges 0.0
Total other charges currency NZD

George Crosby

Currently: Chief Investment Officer (0 years, 4 months)
Previously: General Manager Portfolio Completion, New Zealand Superannuation Fund (2 years, 9 months)

Mathew Young

Currently: Deputy Chief Investment Offficer (0 years, 3 months)
Previously: Head of FX Strategy and Implementation, ANZ Bank New Zealand Limited (5 years, 1 months)

Helen Skinner

Currently: Head of Responsible Investing (2 years, 1 months)
Previously: Head of Emerging Wealth, Craigs Investment Partners (1 years, 2 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th June 2024.

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
2024 10.71% 7.52%
2023 -2.79% -3.4%
2022 1.34% 1.92%
2021 17.98% 18.02%
2020 -1.40% -1.52%
2019 5.81% 5.9%
2018 5.28% 5.28%
2017 5.86% 5.11%
2016 4.01% 3.83%
2015 11.09% 13.01%

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 2024.

Top 10 Investments

  • Cash Deposit (J.P. Morgan USD)
    United States Cash and Equivalents A-1
    1.04%
  • Canada Bond Fixed 1.5% 01/Dec/2031 - Repurchase Agreement
    Canada Cash and Equivalents
    0.98%
  • New Zealand Government 14/4/2033 3.50%
    New Zealand NZ Fixed Interest AAA
    0.9%
  • Federal Home Loan 01/Jul/2024 - Repurchase Agreement
    United States Cash and Equivalents
    0.89%
  • Fisher and Paykel Healthcare Industries Ltd
    New Zealand Australasian Equities
    0.82%
  • New Zealand Government 15/5/2028 0.25%
    New Zealand NZ Fixed Interest AAA
    0.8%
  • New Zealand Government 15/05/26 0.50%
    New Zealand NZ Fixed Interest AAA
    0.7%
  • New Zealand Government 15/4/27 4.5%
    New Zealand NZ Fixed Interest AAA
    0.68%
  • Goodman Group
    Australia Australasian Equities
    0.68%
  • Microsoft Corporation
    United States International Equities
    0.6%
Type Target Actual
Cash and Cash Equivalents 10.0% 6.89%
New Zealand Fixed Interest 10.5% 13.03%
International Fixed Interest 29.5% 31.1%
Australasian Equities 9.5% 9.66%
International Equities 32.5% 31.11%
Listed Properties 6.0% 6.25%
Unlisted Properties 0.0% 0.0%
Other 2.0% 1.96%
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 2024.