Funds
ANZ Balanced Growth Fund
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
- BHP Billiton Ltd 0.53%
- Contact Energy 0.49%
- Woodside Energy Group 0.29%
- Santos Limited 0.22%
- American Electric Power 0.15%
- Duke Energy Corporation 0.12%
- Dominion Energy Inc 0.11%
- Entergy Corp 0.11%
- Genesis Energy Ltd 0.11%
- Sempra 0.11%
- National Grid PLC 0.10%
- Enbridge Inc 0.09%
- Koninklijke Vopak Nv 0.09%
- Cheniere Energy Inc 0.08%
- Nisource Inc 0.08%
- Edp-Energias De Portugal SA 0.06%
- Valero Energy Corp 0.06%
- Williams Cos Inc 0.06%
- Ampol Ltd 0.05%
- Marathon Petroleum Corp 0.05%
- Hf Sinclair Corporation 0.04%
- Shell PLC 0.04%
- China Petroleum & Chemical 0.03%
- Itochu Corp 0.03%
- Lyondellbasell Industries Class A 0.03%
- Phillips 66 0.03%
- Ck Hutchinson Holdings Ltd 0.02%
- Genesis Energy Ltd 14/03/28 4.17% 0.02%
- Marubeni Corp 0.02%
- Mitsui Co Ltd 0.02%
- Nrg Energy Inc 0.02%
- OMV AG 0.02%
- Repsol SA 0.02%
- Sojitz Corporation 0.02%
- Tenaga Nasional Berhad 0.02%
- Vistra Corp 0.02%
- Contact Energy 11/04/2028 5.82% Nzcend0070L8 0.01%
- Dominion Energy Inc Callable Notes Fixed 2.25% 15-Aug-31 Us25746Udl08 0.01%
- Lg Corp 0.01%
- Lg Uplus Corp 0.01%
- Motor Oil Corinth Refineries SA 0.01%
- Shell International Finance Bv Callable Notes 3.25% 11-May-25 Us822582Bd31 0.01%
Weapons
- Walmart De Mexico Sab De 0.18%
- Amphenol Corporation - Class A 0.14%
- Dicks Sporting Goods Inc. 0.05%
- Canadian Tire Corp - Class A 0.03%
Gambling
- Flutter Entertainment PLC 0.20%
- Aristocrat Leisure Limited 0.15%
- Sky City Entertainment Group 0.15%
- Sky City Ltd 0.10%
- The Lottery Corp Ltd 0.08%
Alcohol
- Heineken Nv 0.55%
- Diageo PLC 0.46%
- Pernod-Ricard SA 0.33%
- Treasury Wine Estates Limited 0.12%
- Carlsberg As - B Shs 0.11%
- Molson Coors Beverage Co 0.05%
- Beijing Enterprises Limited 0.02%
Human Rights & Environmental Violations
- Nestle SA 0.84%
- Thermo Fisher Scientific Inc 0.66%
- BHP Billiton Ltd 0.53%
- Bayer AG 0.22%
- Rio Tinto Limited 0.16%
- Duke Energy Corporation 0.12%
- Shell PLC 0.04%
- Wells Fargo & Co Callable Medium Term Note 24-Mar-28 24-Mar-28 Us95000U2V48 0.04%
- Archer Daniels Midland Co 0.03%
- China Petroleum & Chemical 0.03%
- Johnson & Johnson 0.03%
- Adeka Corp 0.02%
- Credit Suisse Group AG Callable Notes Variable 01-Apr-31 01-Apr-31 Us225401Ap33 0.02%
- Credit Suisse Group AG Callable Notes Variable 02-Apr-32 02-Apr-32 Ch1174335740 0.02%
- Teva Pharmaceutical Industries Limited 0.02%
- Shell International Finance Bv Callable Notes 3.25% 11-May-25 Us822582Bd31 0.01%
Animal Cruelty
- Nestle SA 0.84%
- LVMH Moet Hennessy Louis Vuitton SA 0.59%
- Danone 0.31%
- Coca Cola Co 0.30%
- Koninklijke Dsm Nv 0.28%
- Air Liquide 0.26%
- PPG Industries Inc 0.23%
- Bayer AG 0.22%
- 3M Company 0.21%
- Rentokil Initial PLC 0.15%
- Burberry Group PLC 0.14%
- Colgate Palmolive Co 0.14%
- Akzo Nobel N.V 0.13%
- Orica Ltd 0.09%
- Sherwin-Williams Co 0.08%
- Hermes International 0.07%
- Koninklijke Ahold Delhaize Nv 0.05%
- Molson Coors Beverage Co 0.05%
- The Kraft Heinz Company 0.05%
- The Mosaic Company 0.05%
- Shell PLC 0.04%
- Archer Daniels Midland Co 0.03%
- Celanese Corporation Series A 0.03%
- China Petroleum & Chemical 0.03%
- Eastman Chemical Co 0.03%
- Lyondellbasell Industries Class A 0.03%
- Tyson Foods Inc-Cl A 0.03%
- Adeka Corp 0.02%
- Huntsman Corp 0.02%
- Solvay SA 0.02%
- Tesco PLC 0.02%
- Xerox Corp 0.02%
- Yara International Asa 0.02%
- Ingredion Inc 0.01%
- Mitsubishi Gas Chemical Co 0.01%
- Shell International Finance Bv Callable Notes 3.25% 11-May-25 Us822582Bd31 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
The Balanced Growth Fund invests mainly in growth assets (equities, listed property and listed infrastructure), with some exposure to income assets (cash and cash equivalents and fixed interest). The fund may also invest in alternative assets.
The Balanced Growth Fund aims to achieve (after the fund charge and before tax) over the long-term a moderate to higher yearly return allowing for moderate to large movements of value up and down including occasional negative yearly returns.
| Value | $2.8B NZD |
| Period of data report | 31st Dec. 2022 |
| Members | 96,340 |
| Fund started | 1st Oct. 2007 |
| Total annual fund fees | 1.0% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.95% |
| Other management and administration charges | 0.05% |
| Total other charges | 9.0 |
| Total other charges currency | NZD |
Key Personnel
|
Paul Huxford |
Currently: Chief Investment Officer, New Zealand (4 years, 6 months) |
|
Alan Clarke |
Currently: Co-Head of Diversified Portfolio Management (3 years, 10 months) |
|
Maaike Van Tol |
Currently: Co-Head of Diversified Portfolio Management (3 years, 10 months) |
|
Mathew Young |
Currently: Head of FX Strategy and Implementation (3 years, 10 months) |
|
Helen Skinner |
Currently: Head of Responsible Investing (0 years, 7 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 | 1.68% | |
| Animal Cruelty | 5.05% | |
| Fossil Fuels | 3.79% | |
| Gambling | 0.68% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 2.95% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.00% | |
| Weapons | 0.40% |
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 | 1.87% | 3.18% |
| 2021 | 27.41% | 23.61% |
| 2020 | -3.40% | -3.26% |
| 2019 | 6.95% | 6.72% |
| 2018 | 7.80% | 6.39% |
| 2017 | 9.24% | 6.55% |
| 2016 | 3.62% | 3.89% |
| 2015 | 13.73% | 14.81% |
| 2014 | 8.43% | 9.05% |
| 2013 | 12.00% | 13.57% |
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
-
Cash Deposit (J.P. Morgan USD)
United States Cash and Equivalents A-11.06% -
Visa Inc
United States International Equities1.0% -
Fisher & Paykel Healthcare Industries Ltd
New Zealand Australasian Equities0.97% -
United States Notes Fixed 0.875% - Repurchase Agreement
United States Cash and Equivalents0.87% -
New Zealand Government 15/05/2024 0.5%
New Zealand NZ Fixed Interest AAA0.78% -
Nestle SA
Switzerland International Equities0.69% -
Spark New Zealand Ltd
New Zealand Australasian Equities0.68% -
Hdfc Bank Ltd - Adr
United States International Equities0.67% -
Auckland International Airport
New Zealand Australasian Equities0.6% -
LVMH Moet Hennessy
France International Equities0.56%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 6.0% | 6.3% |
| New Zealand Fixed Interest | 7.5% | 8.65% |
| International Fixed Interest | 21.5% | 21.06% |
| Australasian Equities | 12.0% | 12.42% |
| International Equities | 43.0% | 41.55% |
| Listed Properties | 7.5% | 7.46% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 2.5% | 2.56% |
| 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.