ANZ Default Balanced Fund

Not Mindful

Type: Balanced fund

Past Returns: 7.44%

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

Annual Fees: 0.96%

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

Atmos Energy Crop 0.03%
BHP Billiton Ltd 0.45%
Berkshire Hathaway 0.11%
Berkshire Hathaway Energy Co Callable Notes Fixed 1.65% 15 May 2031 USD 1000 0.01%
Berkshire Hathaway Energy Co Callable Notes Fixed 4.05% 15 Apr 2025 USD 1000 0.01%
Cheniere Energy Inc 0.05%
China Petroleum 0.02%
Cia Paranaense 0.02%
Ck Hutchinson Holdng 0.02%
Coca Cola Co 0.15%
Dominion Energy Inc 0.08%
Enbridge Inc 0.06%
Genesis Energy Ltd 0.14%
Hollyfrontier Corp 0.01%
Itochu Corp 0.02%
Kinder Morgan Inc 0.06%
Koninklijke Vopak Nv 0.10%
Lg Corp 0.01%
Lukoil PJSC-Spon Adr 0.01%
Lyondellbasell Ind A 0.03%
Marubeni Corp 0.01%
OMV AG 0.01%
Oil Search Limited 0.16%
PJSC Tatneft Adr 0.01%
Phillips 66 0.02%
Repsol SA 0.01%
Royal Dutch Shell 0.02%
Sojitz Corp 0.01%
Teck Resources Cls B 0.01%
Total Se 0.01%
Total Se Callable Medium Term Note Variable EUR 10 0.02%
Valero Energy Corp 0.02%
Viva Energy Group 0.07%
Williams Cos Inc 0.06%
Woodside Petroleum Ltd 0.12%

Weapons

Amphenol Corp - Class A 0.08%
Amphenol Corp Callable Notes Fixed 2.8% 15 Feb 2030 USD 1000 0.01%

Tobacco

Gambling

Aristocrat Leisure 0.13%
Crown Resorts Ltd 0.10%
Flutter Entertainmnt 0.15%
Sky City Entertainment Group 0.12%
Tabcorp Holdings Ltd 0.03%

Alcohol

Carlsberg As - B Shs 0.07%
Diageo PLC 0.30%
Heineken Nv 0.34%
LVMH Moet Hennessy 0.47%
LVMH Moet Hennessy Louis Vuitton Se Callable Medium Term Note Fixed .75% 07 Apr 2025 0.01%
LVMH Moet Hennessy Louis Vuitton Se Callable Notes Fixed .375% 11 Feb 2031 EUR 1 0.01%
Metcash Ltd 0.05%
Pernod-Ricard SA 0.20%
Treasury Wine Estate 0.03%

Human Rights & Environmental Violations

Archer Daniels 0.01%
BHP Billiton Ltd 0.45%
Bayer AG 0.17%
Duke Energy Corp 0.15%
Essity Aktiebolag-B 0.24%
Johnson & Johnson 0.11%
Johnson & Johnson Callable Notes Fixed .95% 01 Sep 2027 USD 1000 0.01%
Johnson & Johnson Callable Notes Fixed 5.85% 15 Jul 2038 USD 1000 0.02%
Motorola Solutions Inc Callable Notes Fixed 2.3% 15 Nov 2030 USD 1000 0.01%
Nestle Holdings Inc Callable Notes Fixed .625% 15 Jan 2026 USD 1000 0.01%
Nestle Holdings Inc Callable Notes Fixed 1% 15 Sep 2027 USD 1000 0.01%
Nestle Holdings Inc Medium Term Note Fixed 2.375% 17 Nov 2022 USD 1000 0.01%
Nestle Holdings Inc Medium Term Note Fixed 3.125% 22 Mar 2023 USD 1000 0.01%
Nestle SA 0.51%
Royal Dutch Shell 0.02%
Sempra Energy 0.12%

Animal Testing

Adeka Corp 0.010%
Air Liquide 0.230%
Akzo Nobel N.V 0.150%
Archer Daniels 0.010%
Bayer AG 0.170%
Burberry Group PLC 0.080%
Burberry Group PLC Callable Notes Fixed 1.125% 21 Sep 2025 Gbp 1000 0.020%
Celanese Corp 0.020%
Coca Cola Co 0.150%
Danone 0.260%
Eastman Chemical Co 0.030%
Essity Aktiebolag-B 0.240%
Estee Lauder Cos Inc The Callable Notes Fixed 2.6% 15 Apr 2030 USD 1000 0.010%
General Mills Inc 0.030%
Glaxosmithkline PLC 0.050%
Hermes International 0.040%
Hollyfrontier Corp 0.010%
Hp Inc 0.040%
Huntsman Corp 0.010%
Johnson & Johnson 0.110%
Johnson & Johnson Callable Notes Fixed .95% 01 Sep 2027 USD 1000 0.010%
Johnson & Johnson Callable Notes Fixed 5.85% 15 Jul 2038 USD 1000 0.020%
Kimberly-Clark Corp 0.020%
Kimberly-Clark Corp Callable Notes Fixed 1.05% 15 Sep 2027 USD 1000 0.010%
Kimberly-Clark Corp Callable Notes Fixed 2.875% 07 Feb 2050 USD 1000 0.010%
Koninklijke Dsm Nv 0.210%
Kraft Heinz Co 0.030%
LVMH Moet Hennessy 0.470%
LVMH Moet Hennessy Louis Vuitton Se Callable Medium Term Note Fixed .75% 07 Apr 2025 0.010%
LVMH Moet Hennessy Louis Vuitton Se Callable Notes Fixed .375% 11 Feb 2031 EUR 1 0.010%
Linde PLC 0.260%
Linde PLC US 0.070%
Lyondellbasell Ind A 0.030%
Marubeni Corp 0.010%
Mitsubishi Gas Chem 0.010%
Mondelez International Inc Callable Notes Fixed 4.125% 07 May 2028 USD 1000 0.010%
Nestle Holdings Inc Callable Notes Fixed .625% 15 Jan 2026 USD 1000 0.010%
Nestle Holdings Inc Callable Notes Fixed 1% 15 Sep 2027 USD 1000 0.010%
Nestle Holdings Inc Medium Term Note Fixed 2.375% 17 Nov 2022 USD 1000 0.010%
Nestle Holdings Inc Medium Term Note Fixed 3.125% 22 Mar 2023 USD 1000 0.010%
Nestle SA 0.510%
Nufarm Limited 0.080%
PPG Industries Inc 0.160%
Pepsico Inc 0.080%
Procter & Gamble Co The Callable Notes Fixed 1.2% 29 Oct 2030 USD 1000 0.010%
Procter & Gamble Co The Callable Notes Fixed 2.8% 25 Mar 2027 USD 1000 0.020%
Procter & Gamble Co The Callable Notes Fixed 3% 25 Mar 2030 USD 1000 0.010%
Reckitt Benckiser 0.220%
Royal Dutch Shell 0.020%
Sainsbury (J) PLC 0.010%
Sherwin-Williams Co 0.050%
Solvay SA 0.020%
Tesco PLC 0.010%
Unilever Capital Corp Callable Notes Fixed 2.125% 06 Sep 2029 USD 1000 0.010%
Unilever PLC 0.020%
Unilever PLC Eu 0.080%
Xerox Corp 0.020%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed March 31st 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
2021	16.64%	18.0%
2020	-1.20%	-1.53%
2019	5.69%	5.86%
2018	5.19%	5.24%
2017	5.86%	5.06%
2016	4.01%	3.67%
2015	11.09%	13.06%
2014	7.28%	6.93%
2013	10.75%	9.75%
2012	1.75%	2.7%

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 Wed June 30th 2021.

Showing the top 10 investments for this fund:

Cash Deposit (J.P. Morgan USD)
United States Cash and Equivalents A-1

1.22%
Visa Inc
United States International Equities

0.85%
Fisher and Paykel Healthcare
New Zealand Australasian Equities

0.83%
Cash Deposit (J.P. Morgan AUD)
New Zealand Cash and Equivalents A-1

0.59%
NZ Govt Stock 15/04/25 2.75%
New Zealand NZ Fixed Interest AAA

0.58%
Goodman Group
Australia Australasian Equities

0.56%
Nestle SA
Switzerland International Equities

0.55%
NZ Govt Stock 20/04/29 3.0%
New Zealand NZ Fixed Interest AAA

0.53%
Comcast Corp - Cls A
United States International Equities

0.51%
Spark New Zealand Ltd
New Zealand Australasian Equities

0.5%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed June 30th 2021.

How the money in this fund is invested against the fund's targets.

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	10.0%	11.98%
New Zealand Fixed Interest	10.5%	9.82%
International Fixed Interest	29.5%	23.25%
Australasian Equities	9.5%	11.24%
International Equities	32.5%	34.21%
Listed Properties	6.0%	7.22%
Unlisted Properties	0.0%	0.0%
Other	2.0%	2.28%
Commodities	0.0%	0.0%

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

1.58%
Animal Testing:

4.72%
Fossil Fuels:

2.35%
Gambling:

0.55%
GMOs:

0.00%
Human Rights & Environmental Violations:

2.03%
Palm Oil:

0.00%
Tobacco:

0.01%
Weapons:

0.10%

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

"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 a moderate yearly return allowing for moderate movements of value up and down including occasional negative yearly returns."

Value	$230M NZD
Period of data report	Wed June 30th 2021
Members	4,878
Fund started	Mon Oct. 1st 2007
Total annual fund fees	0.96%
Total performance based fees	0.0%
Manager's basic fee	0.9%
Other management and administration charges	0.06%
Total other charges	18.0
Total other charges currency	NZD

Key Personnel

Paul Huxford	Currently: Chief Investment Officer New Zealand (3 years, 0 months) Previously: Acting Chief Investment Officer ANZ Bank New Zealand Limited (0 years, 3 months)
Alan Clarke	Currently: Co-Head of Diversified Portfolio Management (2 years, 4 months) Previously: Senior Mandate Research Manager ANZ Bank New Zealand Limited (3 years, 7 months)
Maaike Van Tol	Currently: Co-Head of Diversified Portfolio Management (2 years, 4 months) Previously: Senior Asset Allocation Manager ANZ Bank New Zealand Limited (1 years, 8 months)
Mathew Young	Currently: Head of Investment Implementation and FX Strategy (2 years, 4 months) Previously: Head of Investment Implementation ANZ Bank New Zealand Limited (2 years, 2 months)
Iain Cox	Currently: Head of Australasian Fixed Interest and Cash (7 years, 4 months) Previously: Senior Fixed Interest Analyst ANZ Bank New Zealand Limited (2 years, 10 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed June 30th 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Portfolio holdings v