Funds
Westpac Moderate Fund
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
Fossil Fuel
- Contact Energy Ltd 0.55%
- Israel Electric Corp. Ltd. 6.875% 21-Jun-2023 0.07%
- Sempra Energy 3.3% 01-Apr-2025 0.06%
- Anglo American PLC C 0.05%
- BHP Group Ltd 0.05%
- Public Service Enterprise Group Incorporated 0.841% 08-Nov-2023 0.04%
- American Electric Power Company, Inc. 0.03%
- Atmos Energy Corporation 0.03%
- Consolidated Edison Company Of New York, Inc. 2.4% 15-Jun-2031 0.03%
- Itochu Corporation 0.03%
- Loews Corporation 0.03%
- National Grid PLC 0.25% 01-Sep-2028 0.03%
- Anglo American Capital PLC 4.0% 11-Sep-2027 0.02%
- Anglo American Capital PLC 4.75% 21-Sep-2032 0.02%
- China Longyuan Power Group Corporation Ltd Class H 0.02%
- China Suntien Green Energy Corporation Limited Class H 0.02%
- Ck Asset Holdings Limited 0.02%
- Enel Finance International Nv 0.5% 17-Jun-2030 0.02%
- Lg Corp 0.02%
- National Grid PLC 0.02%
- Nippon Yusen Kabushiki Kaisha 0.02%
- Oci Nv 0.02%
- Parkland Corporation 0.02%
- Rwe AG 0.02%
- Sempra Energy 0.02%
- South32 Treasury Ltd. 4.35% 14-Apr-2032 0.02%
- Southern Company 3.25% 01-Jul-2026 0.02%
- Sumitomo Chemical Co., Ltd. 0.02%
- Xcel Energy Inc. 4.0% 15-Jun-2028 0.02%
- Anglo American Capital PLC 4.75% 10-Apr-2027 0.01%
- Constellation Energy Corporation 0.01%
- Enel Finance International Nv 2.25% 12-Jul-2031 0.01%
- Iberdrola SA 0.01%
- National Grid PLC 2.949% 30-Mar-2030 0.01%
- Southern Company 0.01%
Weapons
- Amphenol Corporation Class A 0.06%
- Wal-Mart De Mexico Sab De Cv 0.06%
- Chemring Group PLC 0.02%
- Mtu Aero Engines AG 0.02%
- Singapore Technologies Engineering Ltd 0.02%
Tobacco
- Alimentation Couche-Tard Inc. 0.02%
Gambling
- Sky City Entertainment Group 0.13%
- Vici Properties Inc 0.05%
- Greek Organisation Of Football Prognostics SA 0.02%
- Las Vegas Sands Corp. 0.02%
- Vici Properties Lp 4.95% 15-Feb-2030 0.02%
- Vici Properties Lp 5.125% 15-May-2032 0.02%
- Vici Properties Lp 5.625% 15-May-2052 0.02%
- Aristocrat Leisure Ltd 0.01%
Alcohol
- Diageo PLC 0.13%
- Pernod Ricard SA 0.08%
- Heineken Nv 0.06%
- Anheuser-Busch Inbev Worldwide, Inc. 4.0% 13-Apr-2028 0.03%
- Treasury Wine Estates Ltd 0.03%
- Anheuser-Busch Inbev Worldwide, Inc. 3.5% 01-Jun-2030 0.02%
- Carlsberg As Class B 0.02%
- Tsingtao Brewery Co., Ltd. Class H 0.02%
- Anheuser-Busch Inbev SA/Nv 3.7% 02-Apr-2040 0.01%
- Davide Campari-Milano N.V. 0.01%
- Kweichow Moutai Co., Ltd. Class A 0.01%
Human Rights & Environmental Violations
- Thermo Fisher Scientific Inc. 0.16%
- Nestle S.A. 0.14%
- Johnson & Johnson 0.11%
- Nutrien Ltd 0.10%
- Bayer AG 0.08%
- Credit Suisse Group AG 1.25% 17-Jul-2025 0.06%
- Meta Platforms Inc. Class A 0.06%
- BHP Group Ltd 0.05%
- Archer-Daniels-Midland Company 0.04%
- Credit Suisse Group AG 2.875% 02-Apr-2032 0.04%
- Thermo Fisher Scientific Inc. 0.125% 01-Mar-2025 0.04%
- Bunge Limited 0.03%
- Credit Suisse Group AG 6.537% 12-Aug-2033 0.03%
- Meta Platforms, Inc. 4.45% 15-Aug-2052 0.03%
- Meta Platforms, Inc. 4.65% 15-Aug-2062 0.03%
- Rio Tinto Ltd 0.03%
- Barrick Gold Corporation 0.02%
- Credit Suisse Group AG 9.75% Perp 0.02%
- Freeport-Mcmoran, Inc. 0.02%
- Credit Suisse Group AG 3.091% 14-May-2032 0.01%
- Thermo Fisher Scientific (Finance I) Bv 0.8% 18-Oct-2030 0.01%
Animal Cruelty
- LVMH Moet Hennessy Louis Vuitton Se 0.10%
- Nutrien Ltd 0.10%
- Colgate-Palmolive Company 0.09%
- 3M Company 0.08%
- Bayer AG 0.08%
- Compagnie Financiere Richemont SA 0.08%
- Danone SA 0.08%
- Pepsico, Inc. 0.08%
- Procter & Gamble Company 0.08%
- Air Liquide SA 0.06%
- L'Oreal S.A. 0.06%
- Essity Ab Class B 0.05%
- International Flavors & Fragrances Inc. 0.05%
- Mondelez International, Inc. 1.625% 08-Mar-2027 0.05%
- Mosaic Company 0.05%
- PPG Industries, Inc. 0.05%
- Sherwin-Williams Company 0.05%
- Archer-Daniels-Midland Company 0.04%
- Coca-Cola Company 0.04%
- Estee Lauder Companies Inc. Class A 0.04%
- General Mills, Inc. 0.04%
- Unilever PLC 0.04%
- Akzo Nobel N.V. 0.03%
- Burberry Group PLC 0.03%
- Dow, Inc. 0.03%
- International Flavors & Fragrances Inc. 1.23% 01-Oct-2025 0.03%
- Kellogg Company 0.03%
- Mondelez International, Inc. Class A 0.03%
- Pepsico, Inc. 3.6% 18-Feb-2028 0.03%
- Prada S.P.A. 0.03%
- Ultrapar Participacoes S.A. Sponsored Adr 0.03%
- Canon Inc. 0.02%
- Daikin Industries, Ltd. 0.02%
- Hermes International Sca 0.02%
- Inner Mongolia Yili Industrial Group Co., Ltd. Class A 0.02%
- Keurig Dr Pepper Inc. 4.5% 15-Apr-2052 0.02%
- Kikkoman Corporation 0.02%
- Kraft Heinz Company 0.02%
- Ping An Insurance (Group) Company Of China, Ltd. Class H 0.02%
- Sumitomo Chemical Co., Ltd. 0.02%
- Symrise AG 0.02%
- Tate & Lyle PLC 0.02%
- Barry Callebaut AG 0.01%
- Henkel AG & Co. Kgaa 0.01%
- Lg H&H Co., Ltd. 0.01%
- Sherwin-Williams Company 4.25% 08-Aug-2025 0.01%
- T. Hasegawa Co., Ltd. 0.01%
- Tesco PLC 0.01%
- Tyson Foods, Inc. Class A 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 30th Sept. 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
In their own words
The Moderate Fund aims to provide moderate returns over the medium term. The fund has a higher benchmark allocation to income assets than to growth assets. Volatility is expected to be higher than the Conservative Fund but lower than the Default Balanced Fund in the Westpac KiwiSaver Scheme.
| Value | $730M NZD |
| Period of data report | 31st Dec. 2022 |
| Members | 39,382 |
| Fund started | 2nd July 2014 |
| Total annual fund fees | 0.51% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.45% |
| Other management and administration charges | 0.06% |
| Total other charges | 5.9 |
| Total other charges currency | NZD |
Key Personnel
|
Nigel Jackson |
Currently: Chief Executive Officer – BT Funds Management (NZ) Limited (0 years, 5 months) |
|
Philip Houghton-Brown |
Currently: Head of Investment Solutions (2 years, 3 months) |
|
Francois Richeboeuf |
Currently: Senior Manager (12 years, 2 months) |
|
Stephen Hong |
Currently: Senior Portfolio Manager (10 years, 3 months) |
|
Angelika Sansom |
Currently: Investment Analytics Manager (21 years, 4 months) |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 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 | 0.45% | |
| Animal Cruelty | 2.05% | |
| Fossil Fuels | 1.52% | |
| Gambling | 0.31% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 1.18% | |
| Palm Oil | 0.01% | |
| Tobacco | 0.02% | |
| Weapons | 0.18% |
This data is compiled by Mindful Money from the fund information and portfolios
that each KiwiSaver fund has
filed with the Disclose register to 30th Sept. 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 | 0.35% | -1.17% |
| 2021 | 16.60% | 13.82% |
| 2020 | -1.09% | -0.88% |
| 2019 | 5.56% | 4.94% |
| 2018 | 5.28% | 5.78% |
| 2017 | 5.86% | 3.86% |
| 2016 | 4.01% | 3.6% |
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 Dec. 2022.
Top 10 Investments
-
Fisher & Paykel Healthcare Ltd
New Zealand Australasian Equities1.08% -
S&P500 E-Mini Future
United States International Equities1.08% -
Spi 200 Future
Australia Australasian Equities0.85% -
Spark New Zealand Ltd
New Zealand Australasian Equities0.85% -
Mainfreight Ltd
New Zealand Australasian Equities0.73% -
US 5Yr Note
United States Int Fixed Interest0.72% -
Infratil Ltd
New Zealand Australasian Equities0.71% -
Ebos Group Ltd
New Zealand Australasian Equities0.68% -
Euro Schatz Future
Germany Int Fixed Interest0.67% -
Contact Energy Ltd
New Zealand Australasian Equities0.64%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 8.0% | 12.31% |
| New Zealand Fixed Interest | 21.0% | 21.05% |
| International Fixed Interest | 31.0% | 29.52% |
| Australasian Equities | 12.0% | 12.0% |
| International Equities | 24.0% | 21.23% |
| Listed Properties | 4.0% | 3.89% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.