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

    • Neste Corporation 0.07%
    • Energy Transfer Partners Lp 150325 4.05 Cb 0.06%
    • Oneok, Inc. 0.04%
    • Glencore Funding Llc 290424 4.625 Cb 0.02%
    • Total SA 291249 3.369 Cb 0.02%
    • BP Capital Markets PLC 220326 3.25 Cb 0.01%
    • Galp Energia Sgps SA Class B 0.01%
    • Glencore Funding Llc 120329 4.875 Cb 0.01%
    • Lundin Energy Ab 0.01%
    • Teledyne Technologies Inc 010424 0.95 Cb 0.02%
    • Diageo PLC 0.06%
    • Delegat Group Limited 0.02%
    • Nestle S.A. 0.16%
    • Credit Suisse Group AG 020432 2.875 Cb 0.08%
    • Johnson & Johnson 0.07%
    • Energy Transfer Partners Lp 150325 4.05 Cb 0.05%
    • Credit Suisse Group AG 240627 1.00 Cb 0.03%
    • Bayer US Finance Ii Llc 151225 4.25 Cb 0.02%
    • Bayer US Finance Ii Llc 151228 4.375 Cb 0.02%
    • Credit Suisse Group AG 120624 4.207 Cb 0.02%
    • Glencore Funding Llc 290424 4.625 Cb 0.02%
    • Activision Blizzard, Inc. 0.01%
    • Credit Suisse Group AG 110925 2.593 Cb 0.01%
    • Credit Suisse Group AG 120129 3.869 Cb 0.01%
    • Credit Suisse Group AG 140128 0.65 Cb 0.01%
    • Glencore Funding Llc 120329 4.875 Cb 0.01%
    • Nestle S.A. 0.16%
    • Coca-Cola Company 0.12%
    • Procter & Gamble Company 0.11%
    • Johnson & Johnson 0.07%
    • Dow, Inc. 0.06%
    • Hp Inc. 0.06%
    • L'Oreal S.A. 0.05%
    • Akzo Nobel N.V. 0.04%
    • Unilever PLC 0.04%
    • Ecolab Inc. 0.03%
    • Kimberly-Clark Corporation 0.03%
    • Novozymes A/S Class B 0.03%
    • Tesco Property Finance PLC 130440 5.744 Sf 0.03%
    • Bayer US Finance Ii Llc 151225 4.25 Cb 0.02%
    • Bayer US Finance Ii Llc 151228 4.375 Cb 0.02%
    • Burberry Group PLC 0.02%
    • Clorox Company 0.02%
    • Hp Inc 150429 4.00 Cb 0.02%
    • Reckitt Benckiser Treasury Services PLC 240622 Frn 0.02%
    • Keurig Dr Pepper Inc 150926 2.55 Cb 0.01%
    • Tesco Corporate Treasury Services PLC 021128 1.875 Cb 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 31st March 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

Invests about 80% in bonds and cash with about 20% in shares and other growth assets. Suited to shorter-term investors who want fairly consistent returns with less ups and downs than can be expected from the Balanced Portfolio.

Value $2.2M NZD
Period of data report 31st March 2022
Members 58
Fund started 21st April 2016
Total annual fund fees 0.57%
Total performance based fees 0.0%
Manager's basic fee 0.32%
Other management and administration charges 0.25%
Total other charges 0.0
Total other charges currency NZD

David Young

Currently: Chair (6 years, 1 months)
Previously: Chair (15 years, 0 months)

Craig Harrison

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

Simon Brodie

Currently: Licensed Independent Trustee (6 years, 1 months)
Previously: Chair, Investment Committee, WISF (5 years, 0 months)

Ray Welson

Currently: Chair, Investment Committee (6 years, 1 months)
Previously: (None years, None months)

Ben Trollip

Currently: Investment Consultant (5 years, 1 months)
Previously: (None years, None months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 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 0.12%
Animal Cruelty 1.05%
Fossil Fuels 0.36%
Gambling 0.00%
GMOs 0.00%
Human Rights & Environmental Violations 0.56%
Palm Oil 0.00%
Tobacco 0.00%
Weapons 0.02%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31st March 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 -0.92% -1.39%
2021 8.73% 10.35%
2020 1.42% -0.65%
2019 4.58% 2.89%
2018 3.58% 4.0%
2017 4.10% 4.5%
2016 3.52% 9.7%
2015 8.10% 3.2%
2014 3.88% 8.5%
2013 6.92% 6.2%

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 March 2022.

Top 10 Investments

  • Hunter Global Fixed Interest Fund
    New Zealand Int Fixed Interest
    35.6%
  • ANZ Fixed Interest Fund
    New Zealand NZ Fixed Interest
    20.1%
  • ANZ NZ Cash Fund
    New Zealand Cash and Equivalents
    14.32%
  • ANZ W/S International Share Fund
    New Zealand International Equities
    12.69%
  • Nikko Global Bond Fund
    New Zealand Int Fixed Interest
    9.15%
  • ANZ W/S International Share No 5 Fund
    New Zealand International Equities
    3.21%
  • Salt NZ Dividend Appreciation Fund
    New Zealand Australasian Equities
    2.06%
  • Fisher Institutional Australian Equity Fund
    New Zealand Australasian Equities
    1.73%
  • Fisher Institutional Trans Tasman Equity Fund
    New Zealand Australasian Equities
    1.13%
  • Nikko Multi-Strategy Fund
    New Zealand Other
    0.01%
Type Target Actual
Cash and Cash Equivalents 15.0% 14.32%
New Zealand Fixed Interest 20.0% 20.1%
International Fixed Interest 45.0% 44.76%
Australasian Equities 5.0% 4.91%
International Equities 15.0% 15.9%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.01%
Commodities 0.0% 0.0%

Investment Mix

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

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2022.