Maritime KiwiSaver Balanced Portfolio

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Not Mindful
Type: Balanced fund
Past Returns: 2.27%

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

Annual Fees: 0.86%

Annual fees, including any membership and % management 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

Royal Dutch Shell 0.03%
Bp Plc 0.03%
Phillips 66 0.02%
Valero Energy Corp 0.02%
Repsol Sa 0.02%
Lukoil Pjsc-Spon Adr 0.02%
Total Sa 0.03%
Pjsc Tatneft Adr 0.02%
China Petroleum 0.02%
Omv Ag 0.01%
Marubeni Corp 0.01%
Hollyfrontier Corp 0.01%
Enbridge Inc 180222 Frn 0.03%
Energy Transfer Partners Lp 150325 4.05 Cb 0.03%
Exxon Mobil Corp 0.05%
Chevron Corp 0.05%
Nextera Energy Inc 0.04%
Royal Dutch Shell Plc-A Shs 0.02%
Dominion Energy Inc 0.02%
Royal Dutch Shell Plc-B Shs 0.02%
Enbridge Inc 0.02%
BHP Group Ltd 0.34%
American Electric Power Co Inc 0.01%
BHP Group Plc 0.01%
Xcel Energy Inc 0.01%
Petroleos Mexicanos 7.69% 0.09%
Petroleos Mexicanos 6.75% 0.02%
Woodside Petroleum Ltd 0.07%
Apa Group 0.05%
South32 Ltd 0.04%
Agl Energy Ltd 0.04%
Origin Energy Ltd 0.03%
Santos Ltd 0.03%
Caltex Australia Ltd 0.02%

Weapons

United Technologies 0.12%
Safran Sa 0.10%
Rolls Royce Holdings 0.08%
Bae Systems Plc 0.03%
Oshkosh Corp 0.02%
Raytheon Co 0.02%
Textron Inc 0.02%
Leonardo Spa 0.01%
General Dynamics Corporation 4.25% 0.01%
Northrop Grumman Corporation 5.25% 0.01%
The Boeing Company 3.95% 0.01%
Northrop Grumman Corporation 5.15% 0.01%

Gambling

Sands China Limited 0.02%
Wynn Resorts Ltd 0.02%
Las Vegas Sands Corp 250625 2.90 Cb 0.04%
Sands China Ltd 080828 5.4 Cb 0.02%
Sky City Entertainment Group 0.05%
Aristocrat Leisure Ltd 0.06%
Tabcorp Holdings Ltd 0.02%

Alcohol

Lvmh Moet Hennessy 0.40%
Diageo Plc 0.02%
Heineken Nv 0.23%
Pernod-Ricard Sa 0.22%
Anheuser-Busch 0.09%
Carlsberg As - B Shs 0.08%
Ambev Sa 0.03%
Anheuser Busch Inbev Nv 070325 1.75 Cb 0.04%
Pernod Ricard Sa 150122 4.45 Cb 0.04%
Pernod Ricard Sa 070421 5.75 Cb 0.01%
Lvmh Moet Hennessy Louis Vuitt 0.03%
Anheuser-Busch Inbev Sa/Nv 0.01%
Treasury Wine Estates Ltd 0.03%
Metcash Ltd 0.01%

Palm Oil

GMOs

Bayer Ag 0.02%
Syngenta Finance Ag 230421 3.933 Cb 0.05%
Novartis Ag 0.06%
Basf Se 0.01%

Human Rights & Environmental Violations

Nestle Sa 0.10%
Essity Aktiebolag-B 0.36%
Johnson & Johnson 0.11%
Royal Dutch Shell 0.03%
Archer Daniels 0.02%
Chevron Corp 0.05%
Royal Dutch Shell Plc-A Shs 0.02%
Duke Energy Corp 0.02%
Royal Dutch Shell Plc-B Shs 0.02%
Rio Tinto Plc 0.02%
BHP Group Ltd 0.34%
BHP Group Plc 0.01%
Sempra Energy 0.01%
Rio Tinto Ltd 0.11%

Animal Testing

Nestle Sa 0.100%
Lvmh Moet Hennessy 0.400%
Essity Aktiebolag-B 0.360%
Reckitt Benckiser 0.320%
Bayer Ag 0.020%
Koninklijke Dsm Nv 0.220%
Danone 0.220%
Johnson & Johnson 0.120%
Air Liquide 0.210%
Unilever Nv Ord 0.170%
Colgate Palmolive 0.170%
Akzo Nobel N.V 0.150%
Ppg Industries Inc 0.140%
Coca Cola Co 0.120%
Pepsico Inc 0.060%
Burberry Group Plc 0.060%
Walgreens Boots Alli 0.030%
Glaxosmithkline Plc 0.030%
Royal Dutch Shell 0.030%
Archer Daniels 0.020%
Mitsubishi Gas Chem 0.010%
Solvay Sa 0.010%
Sainsbury (J) Plc 0.010%
Syngenta Finance Ag 230421 3.933 Cb 0.050%
Danone Sa 021121 2.077 Cb 0.040%
Tesco Property Finance Plc 130440 5.744 Sf 0.030%
Bayer US Finance Ii Llc 151228 4.375 Cb 0.020%
Bayer US Finance Ii Llc 151225 4.25 Cb 0.020%
Reckitt Benckiser Treasury Services Plc 240622 Frn 0.020%
Procter & Gamble Co/The 0.100%
Coca-Cola Co/The 0.060%
Chevron Corp 0.050%
Lvmh Moet Hennessy Louis Vuitt 0.030%
Unilever Nv 0.020%
Royal Dutch Shell Plc-A Shs 0.020%
L'Oreal Sa 0.020%
Air Liquide Sa 0.020%
Royal Dutch Shell Plc-B Shs 0.020%
Unilever Plc 0.020%
Reckitt Benckiser Group Plc 0.020%
Colgate-Palmolive Co 0.020%
Air Products & Chemicals Inc 0.020%
Kimberly-Clark Corp 0.020%
Ecolab Inc 0.020%
Basf Se 0.020%
Estee Lauder Cos Inc/The 0.010%
Danone Sa 0.010%
Walgreens Boots Alliance Inc 0.010%
General Mills Inc 0.010%
The Coca-Cola Company 4.2% 0.010%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2020 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 and research organisations.

A summary of this fund and its details.

Number FND246
Name Maritime KiwiSaver Balanced Portfolio
Risk profile Balanced fund
Description Invests in a wide range of assets, about 60% comprising growth assets such as shares and 40% comprising income assets such as bonds and cash. Suited to longer-term investors who want a diversified portfolio of assets with a high exposure to shares and other growth assets and are willing to accept more ups and downs than can be expected from the Conservative Portfolio.
Value $11M NZD
Members 256
Market index description The market index return is the strategic asset allocation weighted benchmark index return, where the benchmark indices are defined in the Statement of Investment Policy and Objectives. Additional information about the market index is available on the scheme register at: https://www.companiesoffice.govt.nz/disclose search for Maritime KiwiSaver Scheme.
Disclosure Statement Period Tue March 31st 2020
Fund started Thu April 21st 2016
Three-year average return 2.27%
Market index past year return -2.10%
Past year return net charges and tax -3.94%
Past year return net of charges gross of tax -4.05%
Market index return since fund started 5.40%
Return since fund started net 3.80%
Total annual fund fees 0.86%
Total performance based fees 0.0%
Manager's basic fee 0.28%
Administration charges 0.58%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

  • David Young

    Currently: Chairman (4 years, 1 months)
    Previously: Chairman, WISF (30 years, 0 months)

  • Joe Fleetwood

    Currently: Deputy Chairman (4 years, 1 months)
    Previously: Deputy Chairman, WISF (5 years, 0 months)

  • Simon Brodie

    Currently: Licensed Independent Trustee (4 years, 1 months)
    Previously: Independent Trustee (2 years, 6 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2020 .

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
2020 -1.89% -3.94%
2019 5.68% 4.86%
2018 5.63% 5.9%
2017 6.10% 8.79%

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 31 March 2020 .

Showing the top 10 investments for this fund:

  • ANZ W/S International Share Fund
    New Zealand International Equities
    30.61%
  • Hunter Global Fixed Interest Fund
    New Zealand International Fixed Interest
    17.81%
  • AMP Global Index Share Fund
    New Zealand International Equities
    13.77%
  • AMP Capital NZ Fixed Interest Fund
    New Zealand New Zealand Fixed Interest
    10.15%
  • Bw Global Opportunistic Fixed Interest Fund
    Ireland International Fixed Interest
    7.22%
  • Salt NZ Dividend Appreciation Fund
    New Zealand Australasian Equities
    6.59%
  • AMP Australian Shares Fund
    New Zealand Australasian Equities
    5.42%
  • Nikko Multi-Strategy Fund
    New Zealand Other
    4.66%
  • AMP Capital NZ Cash Fund
    New Zealand Cash and Cash Equivalents
    3.77%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 31 March 2020 .

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 8.0% 3.77%
New Zealand Fixed Interest 9.0% 10.15%
International Fixed Interest 23.0% 25.03%
Australasian Equities 13.0% 12.01%
International Equities 47.0% 44.38%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 4.66%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2020 .

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a 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:
    1.62%
  • Animal Testing:
    5.03%
  • Fossil Fuels:
    1.72%
  • Gambling:
    0.29%
  • GMOs:
    0.39%
  • Human Rights & Environmental Violations:
    2.14%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.00%
  • Weapons:
    0.48%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2020 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 and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

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.

In their own words: "Invests in a wide range of assets, about 60% comprising growth assets such as shares and 40% comprising income assets such as bonds and cash. Suited to longer-term investors who want a diversified portfolio of assets with a high exposure to shares and other growth assets and are willing to accept more ups and downs than can be expected from the Conservative Portfolio."

Download the fund's disclosure statement and portfolio holdings.

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.