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

Agl Energy Ltd 0.04%
American Electric Power Co Inc 0.01%
Apa Group 0.05%
BHP Group Ltd 0.36%
BHP Group PLC 0.01%
BP PLC 0.05%
Caltex Australia Ltd 0.02%
Chevron Corp 0.05%
China Petroleum 0.02%
Dominion Energy Inc 0.02%
Enbridge Inc 0.02%
Enbridge Inc 180222 Frn 0.03%
Energy Transfer Partners Lp 150325 4.05 Cb 0.03%
Exxon Mobil Corp 0.05%
Hollyfrontier Corp 0.01%
Lukoil PJSC-Spon Adr 0.02%
Marubeni Corp 0.01%
Nextera Energy Inc 0.04%
OMV AG 0.01%
Origin Energy Ltd 0.03%
Petroleos Mexicanos 6.75% 0.02%
Petroleos Mexicanos 7.69% 0.09%
Phillips 66 0.02%
PJSC Tatneft Adr 0.02%
Repsol SA 0.02%
Royal Dutch Shell 0.03%
Royal Dutch Shell PLC-A Shs 0.02%
Royal Dutch Shell PLC-B Shs 0.02%
Santos Ltd 0.03%
South32 Ltd 0.04%
Total SA 0.05%
Valero Energy Corp 0.02%
Woodside Petroleum Ltd 0.07%
Xcel Energy Inc 0.01%

Weapons

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

Gambling

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

Alcohol

Ambev SA 0.03%
Anheuser Busch Inbev Nv 070325 1.75 Cb 0.04%
Anheuser-Busch 0.09%
Anheuser-Busch Inbev SA/Nv 0.01%
Carlsberg As - B Shs 0.08%
Diageo PLC 0.33%
Heineken Nv 0.23%
LVMH Moet Hennessy 0.40%
LVMH Moet Hennessy Louis Vuitt 0.03%
Metcash Ltd 0.01%
Pernod Ricard SA 070421 5.75 Cb 0.01%
Pernod Ricard SA 150122 4.45 Cb 0.04%
Pernod-Ricard SA 0.22%
Treasury Wine Estates Ltd 0.03%

Palm Oil

GMOs

Basf Se 0.01%
Bayer AG 0.25%
Novartis AG 0.06%
Syngenta Finance AG 230421 3.933 Cb 0.05%

Human Rights & Environmental Violations

Archer Daniels 0.02%
BHP Group Ltd 0.36%
BHP Group PLC 0.01%
Chevron Corp 0.05%
Duke Energy Corp 0.02%
Essity Aktiebolag-B 0.36%
Johnson & Johnson 0.33%
Nestle SA 0.71%
Rio Tinto Ltd 0.11%
Rio Tinto PLC 0.02%
Royal Dutch Shell 0.03%
Royal Dutch Shell PLC-A Shs 0.02%
Royal Dutch Shell PLC-B Shs 0.02%
Sempra Energy 0.01%

Animal Testing

Air Liquide 0.210%
Air Liquide SA 0.020%
Air Products & Chemicals Inc 0.020%
Akzo Nobel N.V 0.150%
Archer Daniels 0.020%
Basf Se 0.020%
Bayer AG 0.250%
Bayer US Finance Ii Llc 151225 4.25 Cb 0.020%
Bayer US Finance Ii Llc 151228 4.375 Cb 0.020%
Burberry Group PLC 0.060%
Chevron Corp 0.050%
Coca Cola Co 0.120%
Coca-Cola Co/The 0.060%
Colgate Palmolive 0.170%
Colgate-Palmolive Co 0.020%
Danone 0.220%
Danone SA 0.010%
Danone SA 021121 2.077 Cb 0.040%
Ecolab Inc 0.020%
Essity Aktiebolag-B 0.360%
Estee Lauder Cos Inc/The 0.010%
General Mills Inc 0.010%
Glaxosmithkline PLC 0.060%
Johnson & Johnson 0.340%
Kimberly-Clark Corp 0.020%
Koninklijke Dsm Nv 0.220%
L'Oreal SA 0.020%
LVMH Moet Hennessy 0.400%
LVMH Moet Hennessy Louis Vuitt 0.030%
Mitsubishi Gas Chem 0.010%
Nestle SA 0.710%
Pepsico Inc 0.160%
PPG Industries Inc 0.140%
Procter & Gamble Co/The 0.100%
Reckitt Benckiser 0.320%
Reckitt Benckiser Group PLC 0.020%
Reckitt Benckiser Treasury Services PLC 240622 Frn 0.020%
Royal Dutch Shell 0.030%
Royal Dutch Shell PLC-A Shs 0.020%
Royal Dutch Shell PLC-B Shs 0.020%
Sainsbury (J) PLC 0.010%
Solvay SA 0.010%
Syngenta Finance AG 230421 3.933 Cb 0.050%
Tesco Property Finance PLC 130440 5.744 Sf 0.030%
The Coca-Cola Company 4.2% 0.010%
Unilever Nv 0.020%
Unilever Nv Ord 0.170%
Unilever PLC 0.020%
Walgreens Boots Alli 0.030%
Walgreens Boots Alliance Inc 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 Tue March 31st 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.

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 Tue March 31st 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 Tue March 31st 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 Tue March 31st 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 Tue March 31st 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."

Value $11M NZD
Period of data report Tue March 31st 2020
Members 256
Fund started Thu April 21st 2016
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 Tue March 31st 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.