Westpac Balanced Fund

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Type: Balanced fund
Past Returns: 3.76%

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

Annual Fees: 0.79%

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

Nextera Energy, Inc. 0.08%
American Electric Power Company, Inc. 0.04%
Kinder Morgan, Inc. 5.0% 15-Feb-2021 0.04%
Kinder Morgan Inc Class P 0.03%
Magellan Midstream Partners, L.P. 0.03%
Rwe Ag 0.03%
Anglo American Plc 0.03%
Sunoco Logistics Partners Operations Lp 4.25% 01-Apr-2024 0.03%
Firstenergy Corp. 2.65% 01-Mar-2030 0.03%
Sunoco Logistics Partners Operations Lp 4.4% 01-Apr-2021 0.02%
Hess Corporation 3.5% 15-Jul-2024 0.02%
Aker Bp Asa 3.75% 15-Jan-2030 0.02%
Marathon Petroleum Corporation 5.125% 15-Dec-2026 0.02%
Engie Sa 0.02%
Eni S.P.A. 0.02%
BHP Group Plc 0.02%
Enagas Sa 0.02%
Firstenergy Corp. 7.375% 15-Nov-2031 0.02%
Energy Transfer Operating, L.P. 2.9% 15-May-2025 0.01%
Japan Petroleum Exploration Co., Ltd. 0.01%
Marubeni Corporation 0.01%
Southwestern Energy Company 0.01%
Reliance Industries Limited Sponsored Gdr 144A 0.01%
Dominion Energy, Inc. 4.25% 01-Jun-2028 0.01%
Exxon Mobil Corporation 0.01%
Williams Companies, Inc. 4.55% 24-Jun-2024 0.01%
Kinder Morgan, Inc. 5.625% 15-Nov-2023 0.01%

Weapons

Chemring Group Plc 0.03%

Gambling

Sky City Entertainment Group 0.15%
Galaxy Entertainment Group Limited 0.04%
Melco Resorts and Entertainment Ltd Shs Sponsored American Deposit Receipt Repr 3 Shs 0.03%
Las Vegas Sands Corp. 0.02%
Playtech Plc 0.01%
Genting Singapore Limited 0.01%
Mgm China Holdings Limited 0.01%
Sands China Ltd. 5.125% 08-Aug-2025 0.01%
Genting Bhd. 0.01%
Wynn Macau Ltd. 0.01%
Kangwon Land, Inc. 0.01%
Caesars Entertainment Corp 0.01%

Alcohol

Lvmh Moet Hennessy Louis Vuitton Se 0.21%
Diageo Plc 0.17%
Pernod Ricard Sa 0.13%
Anheuser-Busch Cos. Llc 3.65% 01-Feb-2026 0.06%
Heineken Nv 0.06%
Carlsberg A/S Class B 0.06%
Ambev Sa Sponsored Adr 0.03%
Davide Campari-Milano S.P.A. 0.03%
Anheuser-Busch Inbev Sa/Nv @Na 02-Apr-2032 0.02%
Anheuser-Busch Inbev Sa/Nv @Na 02-Apr-2040 0.02%
Anheuser-Busch Inbev Worldwide, Inc. 5.55% 23-Jan-2049 0.02%
Heineken Nv 1.0% 04-May-2026 0.02%
Ambev Sa 0.01%

Palm Oil

Genting Bhd. 0.01%
Malaysia Airports Holdings Bhd. 0.01%

GMOs

Bayer Ag 0.18%
Novartis Ag 0.05%
Stora Enso Oyj Class R 0.03%
Basf Se 0.01%
Genting Bhd. 0.01%

Human Rights & Environmental Violations

Nestle S.A. 0.30%
Johnson & Johnson 0.17%
Rio Tinto Ltd 0.08%
Rio Tinto Plc 0.04%
Freeport-Mcmoran, Inc. 0.03%
BHP Group Plc 0.02%
Petroleo Brasileiro Sa Pfd 0.01%
Genting Bhd. 0.01%

Animal Testing

Nestle S.A. 0.300%
Lvmh Moet Hennessy Louis Vuitton Se 0.210%
Bayer Ag 0.180%
Johnson & Johnson 0.170%
Colgate-Palmolive Company 0.160%
Reckitt Benckiser Group Plc 0.150%
Procter & Gamble Company 0.120%
Danone Sa 0.110%
Air Liquide Sa 0.080%
Akzo Nobel N.V. 0.070%
Ppg Industries, Inc. 0.070%
Pepsico, Inc. 0.050%
Estee Lauder Companies Inc. Class A 0.040%
Ecolab Inc. 0.040%
Coca-Cola Company 0.040%
Givaudan Sa 0.030%
L'Oreal Sa 0.030%
General Mills, Inc. 0.030%
Beiersdorf Ag 0.030%
Symrise Ag 0.030%
Unilever Nv 0.030%
Kikkoman Corporation 0.030%
Burberry Group Plc 0.030%
Henkel Ag & Co. Kgaa 0.020%
Kraft Heinz Company 0.020%
Kimberly-Clark Corporation 0.020%
Basf Se 0.010%
Coca-Cola Hbc Ag 0.010%
Coca-Cola Bottlers Japan Holdings Inc. 0.010%
Glaxosmithkline Plc 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 June 30th 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 FND343
Name Westpac Balanced Fund
Risk profile Balanced fund
Description The Balanced Fund aims to provide medium returns over the medium to long term. The fund has a higher benchmark allocation to growth assets than to income assets. Volatility is expected to be higher than the Moderate Fund but lower than the Growth Fund in the Westpac KiwiSaver Scheme.
Value $1.6B NZD
Members 95,682
Market index description The composite index return reflects a composite of benchmark index returns, weighted for the fund’s target asset allocation. The benchmark indices used for each asset class are defined in the Statement of Investment Policy and Objectives (SIPO).
Period of data report Tue June 30th 2020
Fund started Mon Oct. 1st 2007
Three-year average return 3.76%
Market index past year return 4.94%
Past year return net of charges and tax 3.44%
Past year return net of charges gross of tax 4.12%
Market index return since fund started 9.09%
Return since fund started net 7.06%
Total annual fund fees 0.79%
Total performance based fees 0.0%
Manager's basic fee 0.62%
Administration charges 0.17%
Total other charges 22.0
Total other charges currency NZD

Key Personnel

  • Angelika Sansom

    Currently: Investment Analytics Manager (18 years, 10 months)
    Previously: Investment Consultant, Mercer (2 years, 4 months)

  • Angelika Sansom

    Currently: Investment Analytics Manager (18 years, 10 months)
    Previously: Investment Consultant, Mercer (2 years, 4 months)

  • Angelika Sansom

    Currently: Investment Analytics Manager (18 years, 10 months)
    Previously: Investment Consultant, Mercer (2 years, 4 months)

  • Angelika Sansom

    Currently: Investment Analytics Manager (18 years, 10 months)
    Previously: Investment Consultant, Mercer (2 years, 4 months)

  • Angelika Sansom

    Currently: Investment Analytics Manager (18 years, 10 months)
    Previously: Investment Consultant, Mercer (2 years, 4 months)

  • Angelika Sansom

    Currently: Investment Analytics Manager (18 years, 10 months)
    Previously: Investment Consultant, Mercer (2 years, 4 months)

  • Angelika Sansom

    Currently: Investment Analytics Manager (18 years, 10 months)
    Previously: Investment Consultant, Mercer (2 years, 4 months)

  • Angelika Sansom

    Currently: Investment Analytics Manager (18 years, 10 months)
    Previously: Investment Consultant, Mercer (2 years, 4 months)

  • Angus Allison

    Currently: Senior Credit Analyst (1 years, 1 months)
    Previously: Director, Barclays (2 years, 5 months)

  • Francois Richeboeuf

    Currently: Acting Head of Investment Solutions (0 years, 5 months)
    Previously: Senior Portfolio Manager (9 years, 2 months)

  • Francois Richeboeuf

    Currently: Acting Head of Investment Solutions (0 years, 5 months)
    Previously: Senior Portfolio Manager (9 years, 2 months)

  • Francois Richeboeuf

    Currently: Acting Head of Investment Solutions (0 years, 5 months)
    Previously: Senior Portfolio Manager (9 years, 2 months)

  • Francois Richeboeuf

    Currently: Acting Head of Investment Solutions (0 years, 5 months)
    Previously: Senior Portfolio Manager (9 years, 2 months)

  • Francois Richeboeuf

    Currently: Acting Head of Investment Solutions (0 years, 5 months)
    Previously: Senior Portfolio Manager (9 years, 2 months)

  • Francois Richeboeuf

    Currently: Acting Head of Investment Solutions (0 years, 5 months)
    Previously: Senior Portfolio Manager (9 years, 2 months)

  • Francois Richeboeuf

    Currently: Acting Head of Investment Solutions (0 years, 5 months)
    Previously: Senior Portfolio Manager (9 years, 2 months)

  • Francois Richeboeuf

    Currently: Acting Head of Investment Solutions (0 years, 5 months)
    Previously: Senior Portfolio Manager (9 years, 2 months)

  • Francois Richeboeuf

    Currently: Acting Head of Investment Solutions (0 years, 5 months)
    Previously: Senior Portfolio Manager (9 years, 2 months)

  • Nigel Jackson

    Currently: Acting Head of Investments & Insurance (3 years, 4 months)
    Previously: Head of Customer Proposition (7 years, 7 months)

  • Nigel Jackson

    Currently: Acting Head of Investments & Insurance (3 years, 4 months)
    Previously: Head of Customer Proposition (7 years, 7 months)

  • Nigel Jackson

    Currently: Acting Head of Investments & Insurance (3 years, 4 months)
    Previously: Head of Customer Proposition (7 years, 7 months)

  • Nigel Jackson

    Currently: Acting Head of Investments & Insurance (3 years, 4 months)
    Previously: Head of Customer Proposition (7 years, 7 months)

  • Nigel Jackson

    Currently: Acting Head of Investments & Insurance (3 years, 4 months)
    Previously: Head of Customer Proposition (7 years, 7 months)

  • Nigel Jackson

    Currently: Acting Head of Investments & Insurance (3 years, 4 months)
    Previously: Head of Customer Proposition (7 years, 7 months)

  • Nigel Jackson

    Currently: Acting Head of Investments & Insurance (3 years, 4 months)
    Previously: Head of Customer Proposition (7 years, 7 months)

  • Nigel Jackson

    Currently: Acting Head of Investments & Insurance (3 years, 4 months)
    Previously: Head of Customer Proposition (7 years, 7 months)

  • Nigel Jackson

    Currently: Acting Head of Investments & Insurance (3 years, 4 months)
    Previously: Head of Customer Proposition (7 years, 7 months)

  • Stephen Hong

    Currently: Senior Portfolio Manager (7 years, 9 months)
    Previously: Portfolio Manager, AXA Global Investors (5 years, 9 months)

  • Stephen Hong

    Currently: Senior Portfolio Manager (7 years, 9 months)
    Previously: Portfolio Manager, AXA Global Investors (5 years, 9 months)

  • Stephen Hong

    Currently: Senior Portfolio Manager (7 years, 9 months)
    Previously: Portfolio Manager, AXA Global Investors (5 years, 9 months)

  • Stephen Hong

    Currently: Senior Portfolio Manager (7 years, 9 months)
    Previously: Portfolio Manager, AXA Global Investors (5 years, 9 months)

  • Stephen Hong

    Currently: Senior Portfolio Manager (7 years, 9 months)
    Previously: Portfolio Manager, AXA Global Investors (5 years, 9 months)

  • Stephen Hong

    Currently: Senior Portfolio Manager (7 years, 9 months)
    Previously: Portfolio Manager, AXA Global Investors (5 years, 9 months)

  • Stephen Hong

    Currently: Senior Portfolio Manager (7 years, 9 months)
    Previously: Portfolio Manager, AXA Global Investors (5 years, 9 months)

  • Stephen Hong

    Currently: Senior Portfolio Manager (7 years, 9 months)
    Previously: Portfolio Manager, AXA Global Investors (5 years, 9 months)

  • Stephen Hong

    Currently: Senior Portfolio Manager (7 years, 9 months)
    Previously: Portfolio Manager, AXA Global Investors (5 years, 9 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue June 30th 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% -2.34%
2019 5.68% 5.72%
2018 5.63% 7.89%
2017 6.10% 5.55%
2016 4.01% 4.03%
2015 11.09% 11.89%
2014 7.28% 7.1%
2013 10.75% 9.91%
2012 1.75% 0.36%
2011 5.30% 7.36%

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 June 30th 2020.

Showing the top 10 investments for this fund:

  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    3.15%
  • K2 Alternative Strategies NZ Portfolio
    Cayman Islands Other
    3.13%
  • A2 Milk Company Ltd
    New Zealand Australasian Equities
    2.99%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.53%
  • US 5Yr Note (Cbt)
    United States Int Fixed Interest UNRATED
    1.28%
  • US 2Yr Note (Cbt)
    United States Int Fixed Interest UNRATED
    1.15%
  • Ebos Group Ltd
    New Zealand Australasian Equities
    1.1%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    1.02%
  • Euro Schatz Future
    Germany Int Fixed Interest UNRATED
    1.01%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    0.97%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 30 June 2020 .

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 3.0% 3.13%
New Zealand Fixed Interest 15.0% 17.39%
International Fixed Interest 22.0% 22.43%
Australasian Equities 20.0% 20.48%
International Equities 31.0% 28.34%
Listed Properties 5.0% 4.23%
Unlisted Properties 0.0% 0.0%
Other 4.0% 4.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 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:
    0.86%
  • Animal Testing:
    2.16%
  • Fossil Fuels:
    0.79%
  • Gambling:
    0.37%
  • GMOs:
    0.29%
  • Human Rights & Environmental Violations:
    0.70%
  • Palm Oil:
    0.03%
  • Tobacco:
    0.00%
  • Weapons:
    0.05%

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 June 30th 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: "The Balanced Fund aims to provide medium returns over the medium to long term. The fund has a higher benchmark allocation to growth assets than to income assets. Volatility is expected to be higher than the Moderate Fund but lower than the Growth Fund in the Westpac KiwiSaver Scheme."

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.