Not Mindful
Fund type: Growth fund
Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
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
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 Testing
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 Fri Sept. 30th 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.
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% | 6.7% |
2018 | 7.80% | 6.49% |
2017 | 9.24% | 6.57% |
2016 | 3.62% | 3.8% |
2015 | 13.73% | 15.06% |
2014 | 8.43% | 8.85% |
2013 | 12.00% | 11.26% |
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 Sept. 30th 2022.
Showing the top 10 investments for this fund:
-
Cash Deposit (J.P. Morgan USD)
United States Cash and Equivalents A-11.28% -
USD Current Accounts (Jpm)
United States Cash and Equivalents A-11.18% -
Visa Inc
United States International Equities1.14% -
Nestle SA
Switzerland International Equities0.84% -
New Zealand Government 15/05/2024 0.5%
New Zealand NZ Fixed Interest AAA0.82% -
Fisher & Paykel Healthcare Industries Ltd
New Zealand Australasian Equities0.8% -
Hdfc Bank Ltd - Adr
United States International Equities0.72% -
Thermo Fisher Scientific Inc
United States International Equities0.66% -
Spark New Zealand Ltd
New Zealand Australasian Equities0.65% -
Roche Holding AG
Switzerland International Equities0.64%
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Sept. 30th 2022.
How the money in this fund is invested against the fund's targets.
Target
Actual
Type | Target | Actual |
---|---|---|
Cash and Cash Equivalents | 6.0% | 1.86% |
New Zealand Fixed Interest | 7.5% | 9.49% |
International Fixed Interest | 21.5% | 19.28% |
Australasian Equities | 12.0% | 13.31% |
International Equities | 43.0% | 45.1% |
Listed Properties | 7.5% | 8.21% |
Unlisted Properties | 0.0% | 0.0% |
Other | 2.5% | 2.75% |
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 Sept. 30th 2022.
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 concernDoes this fund say it excludes this?Actual holdings
-
Adult Entertainment/Pornography:0.00%
-
Alcohol:1.68%
-
Animal Testing: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 Fri Sept. 30th 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.
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 | $220M NZD |
Period of data report | Fri Sept. 30th 2022 |
Members | 5,077 |
Fund started | Mon Oct. 1st 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, 3 months) |
Alan Clarke |
Currently: Co-Head of Diversified Portfolio Management (3 years, 7 months) |
Maaike Van Tol |
Currently: Co-Head of Diversified Portfolio Management (3 years, 7 months) |
Mathew Young |
Currently: Head of FX Strategy and Implementation (3 years, 7 months) |
Helen Skinner |
Currently: Head of Responsible Investing (0 years, 4 months) |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Sept. 30th 2022.
Downloads
Download the fund's disclosure statement and portfolio holdings.