Funds
Westpac Balanced 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 0.84%
- BHP Group Ltd 0.08%
- Anglo American PLC C 0.07%
- Israel Electric Corp. Ltd. 6.875% 21-Jun-2023 0.05%
- American Electric Power Company, Inc. 0.04%
- Atmos Energy Corporation 0.04%
- Itochu Corporation 0.04%
- Loews Corporation 0.04%
- Parkland Corporation 0.04%
- Sempra Energy 3.3% 01-Apr-2025 0.04%
- Sumitomo Chemical Co., Ltd. 0.04%
- China Longyuan Power Group Corporation Ltd Class H 0.03%
- China Suntien Green Energy Corporation Limited Class H 0.03%
- Ck Asset Holdings Limited 0.03%
- Lg Corp 0.03%
- National Grid PLC 0.03%
- Nippon Yusen Kabushiki Kaisha 0.03%
- Sempra Energy 0.03%
- Consolidated Edison Company Of New York, Inc. 2.4% 15-Jun-2031 0.02%
- Constellation Energy Corporation 0.02%
- Iberdrola SA 0.02%
- National Grid PLC 0.25% 01-Sep-2028 0.02%
- Oci Nv 0.02%
- Public Service Enterprise Group Incorporated 0.841% 08-Nov-2023 0.02%
- Rwe AG 0.02%
- Southern Company 0.02%
- Southern Company 3.25% 01-Jul-2026 0.02%
- Aes Corporation 0.01%
- Anglo American Capital PLC 4.0% 11-Sep-2027 0.01%
- Anglo American Capital PLC 4.75% 21-Sep-2032 0.01%
- Citic Limited 0.01%
- Consolidated Edison, Inc. 0.01%
- Dte Energy Company 0.01%
- Enel Finance International Nv 0.5% 17-Jun-2030 0.01%
- Nextera Energy, Inc. 0.01%
- Public Service Enterprise Group Inc 0.01%
- South32 Treasury Ltd. 4.35% 14-Apr-2032 0.01%
- Xcel Energy Inc. 4.0% 15-Jun-2028 0.01%
Weapons
- Amphenol Corporation Class A 0.09%
- Wal-Mart De Mexico Sab De Cv 0.09%
- Chemring Group PLC 0.03%
- Mtu Aero Engines AG 0.02%
- Singapore Technologies Engineering Ltd 0.02%
- Walmart Inc. 0.01%
Tobacco
- Alimentation Couche-Tard Inc. 0.03%
Gambling
- Sky City Entertainment Group 0.19%
- Vici Properties Inc 0.08%
- Greek Organisation Of Football Prognostics SA 0.04%
- Las Vegas Sands Corp. 0.03%
- Aristocrat Leisure Ltd 0.02%
- Genting Bhd. 0.01%
- Vici Properties Lp 4.95% 15-Feb-2030 0.01%
- Vici Properties Lp 5.125% 15-May-2032 0.01%
- Vici Properties Lp 5.625% 15-May-2052 0.01%
- Wynn Macau Ltd. 0.01%
Alcohol
- Diageo PLC 0.20%
- Pernod Ricard SA 0.13%
- Heineken Nv 0.10%
- Treasury Wine Estates Ltd 0.04%
- Carlsberg As Class B 0.03%
- Tsingtao Brewery Co., Ltd. Class H 0.03%
- Anheuser-Busch Inbev Worldwide, Inc. 3.5% 01-Jun-2030 0.02%
- Anheuser-Busch Inbev Worldwide, Inc. 4.0% 13-Apr-2028 0.02%
- Davide Campari-Milano N.V. 0.02%
- Kweichow Moutai Co., Ltd. Class A 0.02%
- Anheuser-Busch Inbev SA/Nv 3.7% 02-Apr-2040 0.01%
Human Rights & Environmental Violations
- Thermo Fisher Scientific Inc. 0.25%
- Nestle S.A. 0.22%
- Johnson & Johnson 0.17%
- Nutrien Ltd 0.16%
- Bayer AG 0.13%
- Meta Platforms Inc. Class A 0.09%
- BHP Group Ltd 0.08%
- Archer-Daniels-Midland Company 0.06%
- Rio Tinto Ltd 0.05%
- Bunge Limited 0.04%
- Credit Suisse Group AG 1.25% 17-Jul-2025 0.04%
- Freeport-Mcmoran, Inc. 0.04%
- Barrick Gold Corporation 0.03%
- Credit Suisse Group AG 2.875% 02-Apr-2032 0.03%
- Thermo Fisher Scientific Inc. 0.125% 01-Mar-2025 0.03%
- Meta Platforms, Inc. 4.45% 15-Aug-2052 0.02%
- Meta Platforms, Inc. 4.65% 15-Aug-2062 0.02%
- Basf Se 0.01%
- Credit Suisse Group AG 3.091% 14-May-2032 0.01%
- Credit Suisse Group AG 6.537% 12-Aug-2033 0.01%
- Credit Suisse Group AG 9.75% Perp 0.01%
- Genting Bhd. 0.01%
Animal Cruelty
- LVMH Moet Hennessy Louis Vuitton Se 0.16%
- Nutrien Ltd 0.16%
- Colgate-Palmolive Company 0.14%
- Bayer AG 0.13%
- Danone SA 0.13%
- Pepsico, Inc. 0.13%
- Procter & Gamble Company 0.13%
- 3M Company 0.12%
- Compagnie Financiere Richemont SA 0.12%
- Air Liquide SA 0.09%
- L'Oreal S.A. 0.09%
- Essity Ab Class B 0.08%
- International Flavors & Fragrances Inc. 0.08%
- Mosaic Company 0.08%
- Sherwin-Williams Company 0.08%
- Coca-Cola Company 0.07%
- PPG Industries, Inc. 0.07%
- Archer-Daniels-Midland Company 0.06%
- Estee Lauder Companies Inc. Class A 0.06%
- General Mills, Inc. 0.06%
- Unilever PLC 0.06%
- Akzo Nobel N.V. 0.05%
- Kellogg Company 0.05%
- Mondelez International, Inc. Class A 0.05%
- Burberry Group PLC 0.04%
- Dow, Inc. 0.04%
- Prada S.P.A. 0.04%
- Sumitomo Chemical Co., Ltd. 0.04%
- Ultrapar Participacoes S.A. Sponsored Adr 0.04%
- Canon Inc. 0.03%
- Daikin Industries, Ltd. 0.03%
- Hermes International Sca 0.03%
- Kikkoman Corporation 0.03%
- Kraft Heinz Company 0.03%
- Mondelez International, Inc. 1.625% 08-Mar-2027 0.03%
- Ping An Insurance (Group) Company Of China, Ltd. Class H 0.03%
- Tate & Lyle PLC 0.03%
- Barry Callebaut AG 0.02%
- Henkel AG & Co. Kgaa 0.02%
- Inner Mongolia Yili Industrial Group Co., Ltd. Class A 0.02%
- International Flavors & Fragrances Inc. 1.23% 01-Oct-2025 0.02%
- Keurig Dr Pepper Inc. 4.5% 15-Apr-2052 0.02%
- Lg H&H Co., Ltd. 0.02%
- Pepsico, Inc. 3.6% 18-Feb-2028 0.02%
- Symrise AG 0.02%
- T. Hasegawa Co., Ltd. 0.02%
- Tesco PLC 0.02%
- Tyson Foods, Inc. Class A 0.02%
- Arkema SA 0.01%
- Basf Se 0.01%
- Campbell Soup Company 0.01%
- Reliance Steel & Aluminum Co. 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 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 Default Balanced Fund but lower than the Growth Fund in the Westpac KiwiSaver Scheme.
| Value | $1.9B NZD |
| Period of data report | 31st Dec. 2022 |
| Members | 91,900 |
| Fund started | 1st Oct. 2007 |
| Total annual fund fees | 0.59% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.52% |
| Other management and administration charges | 0.07% |
| 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 | 0.64% | |
| Animal Cruelty | 3.03% | |
| Fossil Fuels | 1.99% | |
| Gambling | 0.43% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 1.57% | |
| Palm Oil | 0.02% | |
| Tobacco | 0.03% | |
| Weapons | 0.27% |
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% | -0.73% |
| 2021 | 16.60% | 20.75% |
| 2020 | -1.09% | -2.34% |
| 2019 | 5.56% | 5.72% |
| 2018 | 5.28% | 7.89% |
| 2017 | 5.86% | 5.55% |
| 2016 | 4.01% | 4.03% |
| 2015 | 11.09% | 11.89% |
| 2014 | 7.28% | 7.1% |
| 2013 | 10.75% | 9.91% |
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
-
S&P500 E-Mini Future
United States International Equities1.66% -
Fisher & Paykel Healthcare Ltd
New Zealand Australasian Equities1.63% -
Spi 200 Future
Australia Australasian Equities1.28% -
Spark New Zealand Ltd
New Zealand Australasian Equities1.27% -
Mainfreight Ltd
New Zealand Australasian Equities1.11% -
Infratil Ltd
New Zealand Australasian Equities1.07% -
Ebos Group Ltd
New Zealand Australasian Equities1.03% -
Contact Energy Ltd
New Zealand Australasian Equities0.96% -
Auckland International Airport Ltd
New Zealand Australasian Equities0.94% -
Apple Inc.
United States International Equities0.83%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 4.0% | 8.7% |
| New Zealand Fixed Interest | 14.0% | 14.06% |
| International Fixed Interest | 22.0% | 20.5% |
| Australasian Equities | 18.0% | 18.05% |
| International Equities | 36.0% | 32.78% |
| Listed Properties | 6.0% | 5.91% |
| 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.