BNZ KiwiSaver Balanced Fund

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Not Mindful
Type: Balanced fund
Past Returns: 4.42%

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

Annual Fees: 0.62%

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

Exxon Mobil Corp 0.15%
Chevron Corporation 0.13%
Nextera Energy Inc 0.11%
Total Sa 0.09%
Royal Dutch Shell Plc-A Shs 0.07%
Royal Dutch Shell Plc - B Shs 0.06%
Dominion Energy Inc 0.05%
Enbridge Inc 0.05%
Xcel Energy Inc 0.03%
Kinder Morgan Inc/De 0.03%
Lukoil Pjsc 0.03%
Eni Spa 0.03%
Conocophillips 0.03%
BHP Group Plc 0.03%
Sinopec Group Overseas Development 2013 Ltd 5.375 17/10/2043 0.02%
Dte Energy Co 0.02%
Valero Energy Corp 0.02%
Cms Energy Corp 0.02%
Engie Sa 0.02%
Rwe Ag 0.02%
Cnooc Ltd 0.02%
Marathon Petroleum Corp 0.02%
Glencore Plc 0.02%
Petroleo Brasileiro Sa Petrobras 0.02%
Anglo American Plc 0.02%
Gazprom Ord Shs 0.02%
Wec Energy Group Inc 0.02%
Firstenergy Corp 0.02%
Phillips 66 0.02%
Eog Resources Inc 0.02%
Bp Capital Markets Plc 1.573 16/02/2027 0.01%
Equinor Asa 1.25 17/02/2027 0.01%
Total Capital International Sa 0.696 31/05/2028 0.01%
Total Sa 2.625 Perp 0.01%
Total Capital International Sa 3.455 19/02/2029 0.01%
Cabot Oil & Gas Corp 0.01%
Concho Resources Inc 0.01%
Marubeni Corp 0.01%
Engie Sa 2.625 20/07/2022 0.01%
Metro Inc 0.01%
Omv Ag 4.25 12/10/2021 0.01%
Bp Capital Markets Plc 1.827 8/09/2025 0.01%
BHP Billiton Finance Ltd 3 29/05/2024 0.01%
Aker Bp Asa 3.000 15/01/2025 0.01%
Shell International Finance Bv 1.625 20/01/2027 0.01%
Suez 1.5 3/04/2029 0.01%
Total Capital International Sa 2.125 19/11/2021 0.01%
Nrg Energy Inc 0.01%
Engie Sa 1.875 19/09/2033 0.01%
Engie Sa 7 30/10/2028 0.01%
Engie Sa 0.500 24/10/2030 0.01%
Sunoco Logistics Partners Operations Lp 3.9 15/07/2026 0.01%
Enagas Sa 0.01%
Tatneft Pjsc 0.01%
Xcel Energy Inc 4 15/06/2028 0.01%
Equinor Asa 3.95 15/05/2043 0.01%
Korea Gas Corp 28/11/2023 0.01%
Inpex Corp 0.01%
Dominion Energy Inc 2 15/08/2021 0.01%
Repsol International Finance Bv 0.25 2/08/2027 0.01%
Glencore Finance Europe Ltd 1.875 13/09/2023 0.01%
Cez As 0.875 02/12/2026 0.01%
Idemitsu Kosan Co Ltd 0.01%
Glencore Funding Llc 4.875 12/03/2029 0.01%
Bp Capital Markets America Inc 2.112 16/09/2021 0.01%
Perusahaan Listrik Negara Pt 4.125 15/05/2027 0.01%
Neste Oyj 0.01%
Anglo American Capital Plc 4.125 15/04/2021 0.01%
Abu Dhabi National Energy Co Pjsc 3.625 12/01/2023 0.01%
Bp Capital Markets Plc 0.831% 08/11/2027 0.01%
Repsol Sa 0.01%
Equinor Asa 0.01%
Snam Spa 0.01%
Alliant Energy Corp 0.01%
Ptt Pcl - Foreign 0.01%
Pioneer Natural Resources Co 0.01%
Perusahaan Listrik Negara Pt 6.25 25/01/2049 0.01%
China Petroleum & Chemical - H 0.01%
Williams Companies Inc 0.01%
Gazprom (Gaz Capital Sa) 5.150 11/02/2026 0.01%
Cnooc Finance 2013 Ltd 2.875 30/09/2029 0.01%
Aes Corp 0.01%
Tenaga Nasional Bhd 0.01%
Oneok Inc 0.01%
Pembina Pipeline Corp 0.01%
Shell International Finance Bv 3.4 12/08/2023 0.01%
Firstenergy Corp 7.375 15/11/2031 0.01%
Cheniere Energy Inc 0.01%
Eni Spa 3.75 12/09/2025 0.01%
Hess Corp 0.01%
Petrochina Co Ltd-H 0.01%
BHP Billiton Finance Ltd 3.25 25/09/2024 0.01%
Petroleos Mexicanos 6.35 12/02/2048 0.01%
Pacificorp 6.1 1/08/2036 0.01%
Bp Capital Markets America Inc 3.937 21/09/2028 0.01%
Occidental Petroleum Corp 0.01%
Jxtg Holdings Inc 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Bp Capital Markets America Inc 2.75 10/05/2023 0.01%

Weapons

Transdigm Group Inc 0.02%
Heico Corp 0.01%
Mitsubishi Heavy Industries Ltd 0.01%
Teledyne Technologies Inc 0.01%

Gambling

Aristocrat Leisure Ltd 0.06%
Sky City Entertainment Group 0.03%
Wynn Resorts Ltd 0.01%
Mgm Resorts International 0.01%
Galaxy Entertainment Group Ltd 0.01%
Las Vegas Sands Corp 0.01%
Sands China Ltd 0.01%

Alcohol

Lvmh Moet Hennessy Louis Vui 0.09%
Diageo Plc 0.07%
Pernod Ricard Sa 0.03%
Anheuser-Busch Inbev Nv 0.03%
Delegat Group Ltd 0.03%
Heineken Nv 0.02%
Kirin Holdings Co Ltd 0.02%
Anheuser-Busch Inbev Sa/ 2.250 05/24/29 Mtn 0.02%
Brown-Forman Corp-Class B 0.02%
Constellation Brands Inc-A 0.02%
Anheuser-Busch Inbev Sa/ 2.875 02/04/2032 0.01%
Carlsberg Breweries A/S 0.5 6/09/2023 0.01%
Molson Coors Brewing Co -B 0.01%
Anheuser-Busch Inbev Sa/Nv 2.875 25/09/2024 0.01%
Heineken Holdings Nv 0.01%
Anheuser-Busch Inbev Finance Inc 3.3 1/02/2023 0.01%
Anheuser-Busch Cos Llc / Anheuser-Busch Inbev Worldwide Inc 4.9 1/02/2046 0.01%
Anheuser-Busch Inbev Worldwide Inc 4.6 15/04/2048 0.01%
China Resources Beer Holdings Co Ltd 0.01%
Asahi Group Holdings Ltd 0.01%
Carlsberg A/S 0.01%
Kweichow Moutai Co Ltd-A 0.01%
Ambev Sa 0.01%

Palm Oil

Astra International Tbk Pt 0.01%
Posco 2.75 15/07/2024 0.01%
Posco 0.01%

GMOs

Novartis Ag 0.16%
Bayer Ag-Reg 0.05%
Basf Se 0.04%
Du Pont De Nemours 0.03%
Nutrien Ltd 0.02%
Nutrien Ltd 4 15/12/2026 0.01%
Dupont De Nemours Inc 4.725 15/11/2028 0.01%
Novartis Capital Corp 3.1 17/05/2027 0.01%
Basf Se 0.875 6/10/2031 0.01%
Novozymes A/S 0.01%

Human Rights & Environmental Violations

Johnson & Johnson 0.33%
Nestle Sa-Reg 0.28%
Chevron Corporation 0.13%
Royal Dutch Shell Plc-A Shs 0.07%
Royal Dutch Shell Plc - B Shs 0.06%
Rio Tinto Plc 0.05%
Duke Energy Corp 0.05%
Vale Sa 0.03%
Sempra Energy 0.03%
BHP Group Plc 0.03%
Barrick Gold Corp 0.03%
Essity Aktiebolag-B 0.02%
Archer-Daniels-Midland Co 0.02%
Glencore Plc 0.02%
Petroleo Brasileiro Sa Petrobras 0.02%
Nutrien Ltd 0.02%
Nestle Finance International Ltd 0.375 18/01/2024 0.01%
BHP Billiton Finance Ltd 3 29/05/2024 0.01%
Nutrien Ltd 4 15/12/2026 0.01%
Nestle Holdings Inc 0.875 18/07/2025 0.01%
Shell International Finance Bv 1.625 20/01/2027 0.01%
Johnson & Johnson 1.15 20/11/2028 0.01%
Johnson & Johnson 3.625 3/03/2037 0.01%
Grupo Mexico Sab De Cv 0.01%
Tokyo Electric Power Company Holdings Inc 0.01%
Astra International Tbk Pt 0.01%
Nestle Holdings Inc 1.375 13/07/2021 0.01%
Glencore Finance Europe Ltd 1.875 13/09/2023 0.01%
Glencore Funding Llc 4.875 12/03/2029 0.01%
Posco 2.75 15/07/2024 0.01%
Nestle Holdings Inc 4.000 24/09/2048 0.01%
Nestle Holdings Inc 3.625 24/09/2028 0.01%
Freeport - Mcmoran Copper 0.01%
Shell International Finance Bv 3.4 12/08/2023 0.01%
Petrochina Co Ltd-H 0.01%
BHP Billiton Finance Ltd 3.25 25/09/2024 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Posco 0.01%

Animal Testing

Johnson & Johnson 0.330%
Nestle Sa-Reg 0.280%
Procter and Gamble Co/The 0.250%
Pepsico Inc 0.160%
Coca-Cola Co/The 0.160%
Chevron Corporation 0.130%
Lvmh Moet Hennessy Louis Vui 0.090%
Glaxosmithkline Plc 0.080%
Royal Dutch Shell Plc-A Shs 0.070%
Royal Dutch Shell Plc - B Shs 0.060%
L'Oreal Sa 0.060%
Unilever Nv-Cva 0.060%
Colgate-Palmolive Co 0.050%
Bayer Ag-Reg 0.050%
Unilever Plc 0.050%
Air Liquide Sa 0.050%
Danone 0.040%
Basf Se 0.040%
Ecolab Inc 0.040%
Kao Corporation 0.040%
Kimberly-Clark Corp 0.040%
Air Products and Chemicals Inc. 0.040%
Reckitt Benckiser Group Plc 0.040%
Du Pont De Nemours 0.030%
Givaudan Sa 0.030%
Tesco Plc 0.030%
Walgreens Boots Alliance Inc 0.030%
Estee Lauder Cos Inc/The 0.030%
General Mills Inc 0.030%
Koninklijke Dsm Nv 0.020%
Essity Aktiebolag-B 0.020%
Archer-Daniels-Midland Co 0.020%
Church & Dwight Co Inc 0.020%
Clorox Company 0.020%
Ppg Industries Inc 0.020%
Henkel Ag & Co Kgaa 0.020%
Shiseido Co Ltd 0.020%
Coca-Cola Co/The 0.75 22/09/2026 0.010%
Unilever Nv 0.5 12/08/2023 0.010%
Coca-Cola European Partners Plc 1.5 8/11/2027 0.010%
Nestle Finance International Ltd 0.375 18/01/2024 0.010%
Air Liquide Finance Sa 0.375 18/04/2022 0.010%
Procter & Gamble Co/The 0.5 25/10/2024 0.010%
Burberry Group Plc 0.010%
Croda International Plc 0.010%
Albemarle Corp 0.010%
Cabot Oil & Gas Corp 0.010%
Argentum Netherlands Bv For Zurich Insurance Co Ltd 3.5 1/10/2046 0.010%
Akzo Nobel Nv 2.625 27/07/2022 0.010%
Chr Hansen Holding A/S 0.010%
Kikkoman Corp 0.010%
Associated British Foods Plc 0.010%
Nestle Holdings Inc 0.875 18/07/2025 0.010%
Shell International Finance Bv 1.625 20/01/2027 0.010%
Johnson & Johnson 1.15 20/11/2028 0.010%
Johnson & Johnson 3.625 3/03/2037 0.010%
Praxair Inc 1.625 1/12/2025 0.010%
Coca-Cola Co/The 3.2 1/11/2023 0.010%
Svenska Cellulosa Ab Sca 0.010%
Nestle Holdings Inc 1.375 13/07/2021 0.010%
Basf Se 0.875 6/10/2031 0.010%
Unilever Capital Corp 3.125 22/03/2023 0.010%
Pepsico Inc 0.875 16/10/2039 0.010%
Reckitt Benckiser Tsy 2.75% 26/06/2024 0.010%
Nestle Holdings Inc 4.000 24/09/2048 0.010%
Tesco Corporate Treasury Services Plc 1.375 24/10/2023 0.010%
Kraft Heinz Co/The 0.010%
Akzo Nobel Nv 0.010%
Bayer US Finance Ii Llc 4.25% 15/12/2025 0.010%
Nestle Holdings Inc 3.625 24/09/2028 0.010%
Beiersdorf Ag 0.010%
Glaxosmithkline Capital Plc 3.375 20/12/2027 0.010%
Shell International Finance Bv 3.4 12/08/2023 0.010%
Shell International Finance Bv 4.375 11/05/2045 0.010%
Novozymes A/S 0.010%
Fmc Corp 0.010%
Tesco Property Finance 1 Plc 7.6227 13/07/2039 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 FND518
Name BNZ KiwiSaver Balanced Fund
Risk profile Balanced fund
Description The Balanced Fund invests similar amounts in income assets which generally have lower levels of risk and return and growth assets which generally have higher levels of risk with the potential for higher returns. It aims to achieve a medium level of return over the medium to long term.
Value $500M NZD
Members 28,584
Market index description based on a composite index made up of related market indices that represent the target investment mix (including currency hedging where relevant)
Period of data report Tue June 30th 2020
Fund started Mon Feb. 11th 2013
Three-year average return 4.42%
Market index past year return 6.34%
Past year return net of charges and tax 5.34%
Past year return net of charges gross of tax 6.33%
Market index return since fund started 8.84%
Return since fund started net 6.56%
Total annual fund fees 0.62%
Total performance based fees 0.0%
Manager's basic fee 0.62%
Administration charges 0.0%
Total other charges 1.95
Total other charges currency NZD

Key Personnel

  • Christine Yates

    Currently: Director, BNZ Investment Services Limited (0 years, 8 months)
    Previously: Chief Customer Officer, Private Wealth and Insurances, BNZ (current position) (1 years, 4 months)

  • Christine Yates

    Currently: Director, BNZ Investment Services Limited (0 years, 8 months)
    Previously: Chief Customer Officer, Private Wealth and Insurances, BNZ (current position) (1 years, 4 months)

  • Christine Yates

    Currently: Director, BNZ Investment Services Limited (0 years, 8 months)
    Previously: Chief Customer Officer, Private Wealth and Insurances, BNZ (current position) (1 years, 4 months)

  • Christine Yates

    Currently: Director, BNZ Investment Services Limited (0 years, 8 months)
    Previously: Chief Customer Officer, Private Wealth and Insurances, BNZ (current position) (1 years, 4 months)

  • Christine Yates

    Currently: Director, BNZ Investment Services Limited (0 years, 8 months)
    Previously: Chief Customer Officer, Private Wealth and Insurances, BNZ (current position) (1 years, 4 months)

  • Christine Yates

    Currently: Director, BNZ Investment Services Limited (0 years, 8 months)
    Previously: Chief Customer Officer, Private Wealth and Insurances, BNZ (current position) (1 years, 4 months)

  • Hayley Cassidy

    Currently: Director, BNZ Investment Services Limited (1 years, 2 months)
    Previously: Chief General Counsel, BNZ (current position) (1 years, 3 months)

  • Hayley Cassidy

    Currently: Director, BNZ Investment Services Limited (1 years, 2 months)
    Previously: Chief General Counsel, BNZ (current position) (1 years, 3 months)

  • Hayley Cassidy

    Currently: Director, BNZ Investment Services Limited (1 years, 2 months)
    Previously: Chief General Counsel, BNZ (current position) (1 years, 3 months)

  • Hayley Cassidy

    Currently: Director, BNZ Investment Services Limited (1 years, 2 months)
    Previously: Chief General Counsel, BNZ (current position) (1 years, 3 months)

  • Hayley Cassidy

    Currently: Director, BNZ Investment Services Limited (1 years, 2 months)
    Previously: Chief General Counsel, BNZ (current position) (1 years, 3 months)

  • Hayley Cassidy

    Currently: Director, BNZ Investment Services Limited (1 years, 2 months)
    Previously: Chief General Counsel, BNZ (current position) (1 years, 3 months)

  • Paul Richardson

    Currently: Director, BNZ Investment Services Limited (0 years, 7 months)
    Previously: Chief Investment Officer/Executive Director, Mint Asset Management Limited (4 years, 8 months)

  • Paul Richardson

    Currently: Director, BNZ Investment Services Limited (0 years, 7 months)
    Previously: Chief Investment Officer/Executive Director, Mint Asset Management Limited (4 years, 8 months)

  • Paul Richardson

    Currently: Director, BNZ Investment Services Limited (0 years, 7 months)
    Previously: Chief Investment Officer/Executive Director, Mint Asset Management Limited (4 years, 8 months)

  • Paul Richardson

    Currently: Director, BNZ Investment Services Limited (0 years, 7 months)
    Previously: Chief Investment Officer/Executive Director, Mint Asset Management Limited (4 years, 8 months)

  • Paul Richardson

    Currently: Director, BNZ Investment Services Limited (0 years, 7 months)
    Previously: Chief Investment Officer/Executive Director, Mint Asset Management Limited (4 years, 8 months)

  • Paul Richardson

    Currently: Director, BNZ Investment Services Limited (0 years, 7 months)
    Previously: Chief Investment Officer/Executive Director, Mint Asset Management Limited (4 years, 8 months)

  • Richard Ansell

    Currently: Director, BNZ Investment Services Limited (1 years, 4 months)
    Previously: Chair, BNZ Investment Review Committee (0 years, 10 months)

  • Richard Ansell

    Currently: Director, BNZ Investment Services Limited (1 years, 4 months)
    Previously: Chair, BNZ Investment Review Committee (0 years, 10 months)

  • Richard Ansell

    Currently: Director, BNZ Investment Services Limited (1 years, 4 months)
    Previously: Chair, BNZ Investment Review Committee (0 years, 10 months)

  • Richard Ansell

    Currently: Director, BNZ Investment Services Limited (1 years, 4 months)
    Previously: Chair, BNZ Investment Review Committee (0 years, 10 months)

  • Richard Ansell

    Currently: Director, BNZ Investment Services Limited (1 years, 4 months)
    Previously: Chair, BNZ Investment Review Committee (0 years, 10 months)

  • Richard Ansell

    Currently: Director, BNZ Investment Services Limited (1 years, 4 months)
    Previously: Chair, BNZ Investment Review Committee (0 years, 10 months)

  • Richard Morath

    Currently: Director, BNZ Investment Services Limited (7 years, 0 months)
    Previously: Non-Executive Director, BNZ Life Insurance Limited (current position) (16 years, 7 months)

  • Richard Morath

    Currently: Director, BNZ Investment Services Limited (7 years, 0 months)
    Previously: Non-Executive Director, BNZ Life Insurance Limited (current position) (16 years, 7 months)

  • Richard Morath

    Currently: Director, BNZ Investment Services Limited (7 years, 0 months)
    Previously: Non-Executive Director, BNZ Life Insurance Limited (current position) (16 years, 7 months)

  • Richard Morath

    Currently: Director, BNZ Investment Services Limited (7 years, 0 months)
    Previously: Non-Executive Director, BNZ Life Insurance Limited (current position) (16 years, 7 months)

  • Richard Morath

    Currently: Director, BNZ Investment Services Limited (7 years, 0 months)
    Previously: Non-Executive Director, BNZ Life Insurance Limited (current position) (16 years, 7 months)

  • Richard Morath

    Currently: Director, BNZ Investment Services Limited (7 years, 0 months)
    Previously: Non-Executive Director, BNZ Life Insurance Limited (current position) (16 years, 7 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% 0.83%
2019 5.68% 5.34%
2018 5.63% 7.09%
2017 6.10% 8.5%
2016 4.01% 1.41%
2015 11.09% 10.94%
2014 7.28% 7.26%

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
    2.96%
  • A2 Milk Company Ltd
    New Zealand Australasian Equities
    2.55%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.56%
  • Microsoft Corporation
    United States International Equities
    1.24%
  • Apple Inc
    United States International Equities
    1.21%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    1.03%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    0.98%
  • Amazon.Com Inc
    United States International Equities
    0.95%
  • BNP Paribas Bank Account NZD
    New Zealand Cash and Equivalents A+
    0.93%
  • Bank Of New Zealand Bank Account NZD
    New Zealand Cash and Equivalents AA-
    0.86%

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 5.0% 7.26%
New Zealand Fixed Interest 11.0% 8.77%
International Fixed Interest 34.0% 28.64%
Australasian Equities 16.0% 17.67%
International Equities 34.0% 37.66%
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 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:
    0.48%
  • Animal Testing:
    2.95%
  • Fossil Fuels:
    1.90%
  • Gambling:
    0.14%
  • GMOs:
    0.35%
  • Human Rights & Environmental Violations:
    1.41%
  • 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 invests similar amounts in income assets which generally have lower levels of risk and return and growth assets which generally have higher levels of risk with the potential for higher returns. It aims to achieve a medium level of return over the medium to long term."

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.