Not Mindful
Fund type: Balanced fund
Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
Annual fees, including management and administration fees, but not membership 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
Apt Pipelines Ltd 4.25% 15/07/2027 0.07%
Apt Pipelines Ltd Medium Term Note 1.25% 15/03/2033 0.11%
Cheniere Energy Ord Shs 0.01%
Coca-Cola Co/The 0.09%
Dominion Energy Inc 0.02%
Enbridge Inc 0.03%
Enbridge Inc 2.5% 01/08/2033 0.07%
Engie SA 0.01%
Genesis Energy Ltd 0.12%
Itochu Corp 0.02%
Kinder Morgan Energy Partners Lp 5% 01/03/2043 0.09%
Kinder Morgan Inc/De 0.02%
Lyondellbasell Indu-Cl A 0.01%
Marathon Petroleum Corp 0.02%
Phillips 66 0.01%
Public Service Enterprise Group Ord Shs 0.01%
Tc Energy Corp 0.02%
Valero Energy Corp 0.01%
Williams Companies Inc 4.85% 01/03/2048 0.07%
Weapons
Amphenol Corp-Cl A 0.02%
L3Harris Technologies Inc 0.02%
Transdigm Group Inc 0.01%
Alcohol
Anheuser Busch Inbev SA Medium Term Note 3.7% 02/04/2040 0.08%
Anheuser-Busch Companies Llc 4.9% 01/02/2046 0.04%
Anheuser-Busch Inbev Finance Inc 4.7% 01/02/2036 0.11%
Anheuser-Busch Inbev Nv 0.02%
Anheuser-Busch Inbev Worldwide Inc 5.45% 23/01/2039 0.12%
Australian Vintage Ltd 0.01%
Bacardi Ltd 4.45% 15/05/2025 0.07%
Bacardi Ltd 5.3% 15/05/2048 0.10%
Constellation Brands Inc-A 0.01%
Delegat Group Ltd 0.01%
Diageo PLC 0.05%
Kweichow Moutai Co Ltd-A 0.01%
LVMH Moet Hennessy Louis Vui 0.07%
Pernod Ricard SA 0.02%
GMOs
Corteva Inc 0.01%
Human Rights & Environmental Violations
Barrick Gold Corp 0.02%
Bayer AG-Reg 0.03%
Freeport - Mcmoran Copper 0.02%
Johnson & Johnson 0.18%
Motorola Solutions Ord Shs 0.02%
Nestle Finance International Ltd SA 0.625% 14/02/2034 0.10%
Nestle SA-Reg 0.14%
Rio Tinto Ltd 0.01%
Rio Tinto PLC 0.03%
Animal Testing
Air Liquide SA 0.03%
Albemarle Corp 0.01%
Archer-Daniels-Midland Co 0.01%
Avantor Inc 0.01%
Basf Se 0.03%
Bayer AG-Reg 0.03%
Coca-Cola Co/The 0.09%
Corteva Inc 0.01%
Danone 0.02%
Danone SA 1% 00/01/1900 0.06%
Dow Inc 0.02%
Du Pont De Nemours 0.01%
Ecolab Inc 0.02%
Estee Lauder Cos Inc/The 0.03%
General Mills Inc 0.02%
Givaudan Ord Shs 0.02%
Glaxosmithkline Capital PLC Medium Term Note 0% 23/09/2023 0.30%
Glaxosmithkline PLC 0.04%
Hermes International 0.02%
Ingersoll - Rand PLC 0.01%
Johnson & Johnson 0.18%
Kao Corporation 0.01%
Keurig Dr Pepper Ord Shs 0.01%
Kimberly-Clark Corp 0.02%
Koninkilijke Dsm Ord Shs 0.01%
L'Oreal SA 0.04%
LVMH Moet Hennessy Louis Vui 0.07%
Linde PLC 0.06%
Lyondellbasell Indu-Cl A 0.01%
Mondelez International Inc-A 0.03%
Nestle Finance International Ltd SA 0.625% 14/02/2034 0.10%
Nestle SA-Reg 0.14%
Nutrien Ord Shs 0.01%
PPG Industries Inc 0.01%
Pepsico Inc 0.09%
Procter and Gamble Co/The 0.14%
Reckitt Benckiser Group PLC 0.02%
Sherwin-Williams Co/The 0.03%
Shin-Etsu Chemical Co Ltd 0.03%
Shiseido Co Ltd 0.01%
Tesco Property Finance 1 PLC 7.6227% 13/07/2039 0.03%
Tesco Property Finance 2 PLC 6.0517% 13/10/2039 0.09%
Tesco Property Finance 3 PLC 5.744% 13/04/2040 0.13%
Unilever PLC 0.06%
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu Sept. 30th 2021 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.
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.
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 |
|---|---|---|
| 2021 | 16.64% | 11.37% |
| 2020 | -1.20% | 1.45% |
| 2019 | 5.69% | 4.43% |
| 2018 | 5.19% | 5.79% |
| 2017 | 5.86% | 6.83% |
| 2016 | 4.01% | 1.48% |
| 2015 | 11.09% | 9.67% |
| 2014 | 7.28% | 4.93% |
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 Fri Dec. 31st 2021.
Showing the top 10 investments for this fund:
-
Fisher & Paykel Healthcare Ltd
New Zealand Australasian Equities1.63% -
Apple Inc
United States International Equities1.1% -
Microsoft Corporation
United States International Equities1.02% -
BNP Paribas Bank Account USD
United States Cash and Equivalents A+1.0% -
BNZ Call Account
New Zealand Cash and Equivalents AA-0.84% -
Mainfreight Ltd
New Zealand Australasian Equities0.78% -
Auckland International Airport Ltd
New Zealand Australasian Equities A-0.78% -
Bank Of New Zealand Registered Certificate Of Deposit 01/03/2022
New Zealand Cash and Equivalents AA-0.73% -
Spark New Zealand Ltd
New Zealand Australasian Equities A-0.72% -
Fletcher Building Ltd
New Zealand Australasian Equities0.62%
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Dec. 31st 2021.
How the money in this fund is invested against the fund's targets.
Target
Actual
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 15.0% | 17.73% |
| New Zealand Fixed Interest | 11.0% | 10.78% |
| International Fixed Interest | 34.0% | 32.25% |
| Australasian Equities | 13.0% | 12.04% |
| International Equities | 27.0% | 27.2% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Dec. 31st 2021.
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).
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 concernDoes this fund say it excludes this?Actual holdings
-
Adult Entertainment/Pornography:0.00%
-
Alcohol:0.77%
-
Animal Testing:2.26%
-
Fossil Fuels:0.87%
-
Gambling:0.00%
-
GMOs:0.01%
-
Human Rights & Environmental Violations:0.58%
-
Palm Oil:0.00%
-
Tobacco:0.00%
-
Weapons:0.07%
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu Sept. 30th 2021 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 the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.
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.
In their own words
"The Moderate Fund invests largely in income assets which generally have lower levels of risk with the potential for lower returns. It also has a sizeable allocation to growth assets which generally have higher levels of risk and potential returns. It aims to achieve moderate returns over the medium term."
| Value | $750M NZD |
| Period of data report | Fri Dec. 31st 2021 |
| Members | 31,749 |
| Fund started | Mon Feb. 11th 2013 |
| Total annual fund fees | 0.58% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.58% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Richard Ansell |
Currently: Director BNZ Investment Services Limited (2 years, 10 months) |
|
Hayley Cassidy |
Currently: Director BNZ Investment Services Limited (2 years, 8 months) |
|
Paul Richardson |
Currently: Director BNZ Investment Services Limited (2 years, 1 months) |
|
Emma Dobson [New] |
Currently: Director BNZ Investment Services Limited (0 years, 2 months) |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Dec. 31st 2021.
Downloads
Download the fund's disclosure statement and portfolio holdings.
