Funds
NZ Funds Balanced Fund
Fund type: Balanced fund
Past Returns: *5.99%Annual Fees: 0.0%
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:
- Human Rights Violations
- Environmental Harm
- Animal Cruelty
- Weapons
- Fossil Fuels
- Social Harm
Companies of concern
Fossil Fuels
-
Contact Energy Ltd 1.15%
1.5°C
This company is on a 1.5°C pathway
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
CONTACT ENERGY LTD Fossil Fuel Power Generation
Contact Energy is one of Aotearoa New Zealand’s largest electric utilities companies. Contact operates three thermal power stations that employ gas and diesel. In FY2023, 7% of the energy Contact generated came from thermal generation. However, Contact has announced plans for further investment in renewable generation. This includes NZD 1.2 billion in geothermal power, by constructing a new station and expanding capacity at an existing station, along with early developments in wind and solar generation. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
-
Contact Energy Ltd 1.15%
1.5°C
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 2024 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 objective of the fund is to provide an entry level option, which uses a passive investment approach to gain exposure to a balanced mix of income and growth assets.
| Value | $13.2M NZD |
| Period of data report | 30th June 2024 |
| Members | 414 |
| Fund started | 31st Aug. 2021 |
| Total annual fund fees | 0.0% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.0% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Michael Lang |
Currently: Chief Executive and a Director (5 years, 9 months) |
|
Mark Brooks |
Currently: Chief Investment Officer and a Principal (0 years, 4 months) |
|
David Haslam |
Currently: Senior Dealer (7 years, 6 months) |
|
Paul Van Wetering |
Currently: Head of Investment Operations and Responsible Investing (4 years, 6 months) |
|
Casey Keiper |
Currently: Senior Equity Analyst (1 years, 9 months) |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th June 2024.
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 |
|---|---|---|
| 2024 | 10.71% | 6.86% |
| 2023 | -2.79% | -1.31% |
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 30th June 2024.
Top 10 Investments
-
Westpac Cash
New Zealand Cash and Equivalents A-1+23.22% -
United States Government 0.625% 15/05/2030
United States Int Fixed Interest AAA18.65% -
New Zealand Government 4.5% 15/04/2027
New Zealand NZ Fixed Interest AAA11.25% -
Deutschland Republic 1.7% 15/08/2032
Germany Int Fixed Interest AAAU9.19% -
Citibank New Zealand Cash
New Zealand Cash and Equivalents A-17.58% -
Goldman Sachs Futures
New Zealand Cash and Equivalents A-15.17% -
Japan Government 0.5% 20/03/2033
Japan Int Fixed Interest A14.18% -
Fisher & Paykel Healthcare Corp
New Zealand Australasian Equities2.86% -
Goldman Sachs Futures
New Zealand Cash and Equivalents A-12.8% -
Goldman Sachs Futures
New Zealand Cash and Equivalents A-11.69%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 4.46% |
| New Zealand Fixed Interest | 11.0% | 11.25% |
| International Fixed Interest | 34.0% | 33.68% |
| Australasian Equities | 25.0% | 24.94% |
| International Equities | 25.0% | 25.67% |
| Listed Properties | 0.0% | 0.0% |
| 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 30th June 2024.