Funds

Goalsgetter KiwiSaver Milford Balanced Fund

Total Ethical Concerns: 12.81%

The average total concerns of all KiwiSaver balanced funds is 5.99%.

Companies of Concern

  • Environmental Harm 2.64%

    • Shell
      1.25%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • BHP
      0.30%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Duke Energy Corp
      0.22%
    • Nufarm Ltd.
      0.07%
  • Fossil Fuels 9.97%

    • Contact Energy Ltd.
      2.09%
      1.5°C
      This company is on a 1.5°C pathway
    • Shell
      1.25%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • National Grid PLC
      1.19%
      1.5°C
      This company is on a 1.5°C pathway
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Apa Group
      0.73%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Santos Ltd.
      0.59%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Ampol Ltd.
      0.53%
    • BP
      0.50%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      OPT
      Complicit in severe breaches of civilian Human Rights in
      Occupied Palestinian Territories
    • E.On Se
      0.39%
      1.5°C
      This company is on a 1.5°C pathway
    • Channel Infrastructure
      0.36%
    • BHP
      0.30%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Teck Resources Limited
      0.30%
    • Centerpoint Energy, Inc.
      0.29%
    • Origin Energy
      0.28%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Ameren Corp.
      0.25%
    • Duke Energy Corp
      0.22%
    • Orica Ltd.
      0.06%
    • Rio Tinto
      0.06%
    • Viva Energy Group Ltd.
      0.06%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Alcoa Corp.
      0.05%
    • Whitehaven Coal Ltd.
      0.03%
    • Cheniere Energy, Inc.
      0.02%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Kinder Morgan, Inc.
      0.02%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Tc Energy Corp.
      0.02%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Nextera Energy, Inc.
      0.01%
    • Rwe AG
      0.01%
      1.5°C
      This company is on a 1.5°C pathway
  • Animal Cruelty 1.69%

    • Shell
      1.25%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Air Liquide
      0.22%
    • Nufarm Ltd.
      0.07%
    • Orica Ltd.
      0.06%
  • Human Rights Violations 1.39%

    • UBS
      0.51%
    • Rio Tinto
      0.06%
  • Social Harm 0.29%

  • Weapons 0.02%

    • Hexcel Corp.
      0.02%

From the Fund Provider

  • About this fund

    About this Fund

    A diversified fund that primarily invests in equities, with a significant allocation to fixed interest securities. Aims to achieve capital growth after the base fund fee but before tax and before the performance fee (if applicable) over the minimum recommended investment timeframe. Aims to generate a return while minimising potential losses.

    Value $2.52M NZD
    Period of data report 30th June 2025
    Members 58
    Fund started 9th May 2024
    Total annual fund fees 1.26%
    Total performance based fees 0.0%
    Manager's basic fee 1.06%
    Other management and administration charges 0.2%
    Total other charges 30.0
    Total other charges currency NZD

    Stuart Williams

    Currently: Managing Director and Chair of Investment Committee (2 years, 3 months)
    Previously: Head of Equities – Nikko Asset Management New Zealand Limited (8 years, 7 months)

    James Rogers

    Currently: Chief Operating Officer and member of the Investment Committee (8 years, 3 months)
    Previously: Senior Project Manager - Nikko Asset Management New Zealand Limited (0 years, 4 months)

    Sam Bryden

    Currently: Head of Distribution and member of the Investment Committee (2 years, 3 months)
    Previously: Senior Relationship Manager - Nikko Asset Management New Zealand Limited (4 years, 5 months)

    This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th June 2025.

  • Past Returns

    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

    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 2025.

  • Investments

    Top 10 Investments

    • Milford Balanced Fund

      New Zealand Fund

      100.0%
    • NZD BNP Paribas A/C

      New Zealand Cash and Equivalents AA-

      0.0%
    Type Target Actual
    Cash and Cash Equivalents 8.0% 15.61%
    New Zealand Fixed Interest 6.0% 10.7%
    International Fixed Interest 25.0% 23.6%
    Australasian Equities 24.0% 17.45%
    International Equities 30.0% 27.72%
    Listed Properties 7.0% 4.87%
    Unlisted Properties 0.0% 0.0%
    Other 0.0% 0.05%
    Commodities 0.0% 0.0%

    Investment Mix

    How the money in this fund is invested by asset type.

    This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th June 2025.

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 2025 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.

Issues of Concern

  • 2.64% Environmental Harm
  • 9.97% Fossil Fuels
  • 1.69% Animal Cruelty
  • 1.39% Human Rights Violations
  • 0.29% Social Harm
  • 0.02% Weapons

Companies of Concern

  • Environmental Harm

    • Shell
      1.25%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • BHP
      0.30%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Duke Energy Corp
      0.22%
    • Nufarm Ltd.
      0.07%
  • Fossil Fuels

    • Contact Energy Ltd.
      2.09%
      1.5°C
      This company is on a 1.5°C pathway
    • Shell
      1.25%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • National Grid PLC
      1.19%
      1.5°C
      This company is on a 1.5°C pathway
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Apa Group
      0.73%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Santos Ltd.
      0.59%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Ampol Ltd.
      0.53%
    • BP
      0.50%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      OPT
      Complicit in severe breaches of civilian Human Rights in
      Occupied Palestinian Territories
    • E.On Se
      0.39%
      1.5°C
      This company is on a 1.5°C pathway
    • Channel Infrastructure
      0.36%
    • BHP
      0.30%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Teck Resources Limited
      0.30%
    • Centerpoint Energy, Inc.
      0.29%
    • Origin Energy
      0.28%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Ameren Corp.
      0.25%
    • Duke Energy Corp
      0.22%
    • Orica Ltd.
      0.06%
    • Rio Tinto
      0.06%
    • Viva Energy Group Ltd.
      0.06%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Alcoa Corp.
      0.05%
    • Whitehaven Coal Ltd.
      0.03%
    • Cheniere Energy, Inc.
      0.02%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Kinder Morgan, Inc.
      0.02%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Tc Energy Corp.
      0.02%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Nextera Energy, Inc.
      0.01%
    • Rwe AG
      0.01%
      1.5°C
      This company is on a 1.5°C pathway
  • Animal Cruelty

    • Shell
      1.25%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Air Liquide
      0.22%
    • Nufarm Ltd.
      0.07%
    • Orica Ltd.
      0.06%
  • Human Rights Violations

    • UBS
      0.51%
    • Rio Tinto
      0.06%
  • Weapons

    • Hexcel Corp.
      0.02%

About this Fund

A diversified fund that primarily invests in equities, with a significant allocation to fixed interest securities. Aims to achieve capital growth after the base fund fee but before tax and before the performance fee (if applicable) over the minimum recommended investment timeframe. Aims to generate a return while minimising potential losses.

Value $2.52M NZD
Period of data report 30th June 2025
Members 58
Fund started 9th May 2024
Total annual fund fees 1.26%
Total performance based fees 0.0%
Manager's basic fee 1.06%
Other management and administration charges 0.2%
Total other charges 30.0
Total other charges currency NZD

Stuart Williams

Currently: Managing Director and Chair of Investment Committee (2 years, 3 months)
Previously: Head of Equities – Nikko Asset Management New Zealand Limited (8 years, 7 months)

James Rogers

Currently: Chief Operating Officer and member of the Investment Committee (8 years, 3 months)
Previously: Senior Project Manager - Nikko Asset Management New Zealand Limited (0 years, 4 months)

Sam Bryden

Currently: Head of Distribution and member of the Investment Committee (2 years, 3 months)
Previously: Senior Relationship Manager - Nikko Asset Management New Zealand Limited (4 years, 5 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th June 2025.

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

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 2025.

Top 10 Investments

  • Milford Balanced Fund

    New Zealand Fund

    100.0%
  • NZD BNP Paribas A/C

    New Zealand Cash and Equivalents AA-

    0.0%
Type Target Actual
Cash and Cash Equivalents 8.0% 15.61%
New Zealand Fixed Interest 6.0% 10.7%
International Fixed Interest 25.0% 23.6%
Australasian Equities 24.0% 17.45%
International Equities 30.0% 27.72%
Listed Properties 7.0% 4.87%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.05%
Commodities 0.0% 0.0%

Investment Mix

How the money in this fund is invested by asset type.

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th June 2025.

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 2025 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.