Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
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
Abu Dhabi National Energy Company PJSC 3.625% 12/01/2023 0.01%
Aker BP Asa 3% 15/01/2025 0.01%
Alleghany Corp 0.01%
Alliant Energy Corp 0.01%
Anglo American Capital PLC 3.625% 11/09/2024 0.01%
Anglo American PLC 0.03%
Arcelormittal 0.01%
Atmos Energy Corp 4.125% 15/03/2049 0.01%
Basf Se 0.04%
Basf Se 0.875% 06/10/2031 0.01%
BHP Billiton Finance Ltd Medium Term Note 3% 29/05/2024 0.01%
BHP Billiton Finance Ltd Medium Term Note 3.25% 25/09/2024 0.01%
BHP Group PLC 0.03%
BP Capital Markets America Inc 2.75% 10/05/2023 0.01%
BP Capital Markets America Inc 3.937% 21/09/2028 0.01%
BP Capital Markets PLC 0.831% 08/11/2027 0.01%
BP Capital Markets PLC 1.573% 16/02/2027 0.01%
BP Capital Markets PLC 1.827% 08/09/2025 0.01%
Cabot Oil & Gas Ord Shs 0.01%
Canadian Pacific Railway Ord Shs 0.03%
Cez As Medium Term Note 0.875% 02/12/2026 0.01%
Cheniere Energy Ord Shs 0.01%
Chevron Corporation 0.11%
China Cinda Finance (2017) I Ltd Medium Term Note 3.65% 09/03/2022 0.01%
China Petroleum & Chemical - H 0.01%
Chubu Electric Power Ord Shs 0.01%
Citic Securities Co Ltd 0.01%
Ck Hutchison Holdings Ltd 0.01%
Ck Hutchison International (19) Ltd 3.25% 11/04/2024 0.01%
Cnac Hk Finbridge Co Ltd 4.875% 14/03/2025 0.01%
Cnooc Finance 2013 Ltd 2.875% 30/09/2029 0.01%
Cnooc Ltd 0.01%
Coca-Cola Co 0.75% 22/09/2026 0.01%
Coca-Cola Co/The 0.15%
Concho Resources Ord Shs 0.01%
Conocophillips 0.03%
Conocophillips Co 4.95% 15/03/2026 0.01%
Dominion Energy Inc 0.05%
Dte Energy Ord Shs 0.02%
Edp - Energias De Portugal SA 0.01%
Electricite De France SA Medium Term Note 4.125% 25/03/2027 0.01%
Electricite De France SA Medium Term Note 6.125% 02/06/2034 0.01%
Enbridge Inc 0.04%
Enel Finance International Nv Medium Term Note 0.375% 17/06/2027 0.01%
Enel Spa 0.05%
Engie SA 0.02%
Engie SA 0.5% 24/10/2030 0.01%
Engie SA 1.375% 00/01/1900 0.01%
Engie SA Medium Term Note 1.875% 19/09/2033 0.01%
Engie SA Medium Term Note 2.625% 20/07/2022 0.01%
Eni Spa 0.01%
Eni Spa Medium Term Note 3.75% 12/09/2025 0.01%
Eog Resources Inc 0.02%
Equinor Asa 0.01%
Equinor Asa Medium Term Note 1.25% 17/02/2027 0.01%
Esb Finance Dac Medium Term Note 1.125% 11/06/2030 0.01%
Exxon Mobil Corp 0.11%
Exxon Mobil Corp 1.571% 15/04/2023 0.01%
Fortum Ord Shs 0.01%
Franco-Nevada Corp 0.02%
Galp Energia Sgps SA 0.01%
Gaz Capital SA Medium Term Note 5.15% 11/02/2026 0.01%
Gazprom Ord Shs 0.02%
Glencore Finance (Europe) Ltd Medium Term Note 1.875% 13/09/2023 0.01%
Glencore PLC 0.02%
Hess Corp 0.01%
Hong Kong & China Gas Co Ltd 0.01%
Iberdrola Finanzas SA Medium Term Note 1.25% 28/10/2026 0.01%
Iberdrola SA 0.06%
Itochu Corp 0.03%
Jxtg Holdings Ord Shs 0.01%
Kansas City Southern 0.01%
Kinder Morgan Inc/De 0.02%
Loews Corp 0.01%
Lukoil PJSC 0.02%
Marathon Petroleum Corp 0.02%
Mitsubishi Corp 0.02%
Mitsui & Co Ltd 0.02%
Naturgy Finance Bv Medium Term Note 1.25% 15/01/2026 0.01%
Neste Ord Shs 0.02%
New Zealand Refining Ltd 0.05%
Nextera Energy Inc 0.10%
Nippon Steel & Sumitomo Metal Ord Shs 0.01%
Norfolk Southern Corp 0.04%
Nrg Energy Ord Shs 0.01%
Occidental Petroleum Corp 0.01%
Omers Finance Trust 0.45% 13/05/2025 0.01%
OMV AG Medium Term Note 4.25% 12/10/2021 0.01%
Orix Corp 0.01%
Orsted Ord Shs 0.02%
Osaka Gas Ord Shs 0.01%
Petroleo Brasileiro SA Petrobras 0.02%
Phillips 66 0.02%
Pinnacle West Ord Shs 0.01%
Pioneer Natural Resources Co 0.01%
Posco 0.01%
Posco 2.75% 15/07/2024 0.01%
Power Assets Holdings Ord Shs 0.01%
Pt Pertamina (Persero) 3.1% 21/01/2030 0.01%
Ptt Pcl - Foreign 0.01%
Reliance Industries Ltd 0.05%
Repsol SA 0.01%
Rio Tinto PLC 0.05%
Royal Dutch Shell PLC - B Shs 0.04%
Royal Dutch Shell PLC-A Shs 0.03%
Rwe AG 0.02%
Saudi Arabian Oil 0.01%
Saudi Arabian Oil Co Medium Term Note 3.5% 16/04/2029 0.01%
Shell International Finance Bv 1.625% 20/01/2027 0.01%
Shell International Finance Bv 3.4% 12/08/2023 0.01%
Shell International Finance Bv 4.375% 11/05/2045 0.01%
Shell International Finance Bv Medium Term Note 1.125% 07/04/2024 0.01%
Sinopec Group Overseas Development (2013) Ltd 5.375% 17/10/2043 0.01%
Snam Ord Shs 0.01%
Sse PLC 0.01%
Sse PLC 4.75% 16/09/2077 0.01%
Tc Energy Corp 0.03%
Tenaga Nasional Ord Shs 0.01%
Total Capital International SA Medium Term Note 0.696% 31/05/2028 0.01%
Total Capital International SA Medium Term Note 2.125% 19/11/2021 0.01%
Total Capital International SA Medium Term Note 2.625% 00/01/1900 0.01%
Total SA 0.06%
Vale SA 0.03%
Valero Energy Corp 0.01%
Wec Energy Group Ord Shs 0.02%
Weyerhaeuser Co 0.02%
Xcel Energy Inc 3.4% 01/06/2030 0.01%
Xcel Energy Ord Shs 0.03%
Weapons
Amphenol Corp-Cl A 0.03%
Heico Corp 0.01%
Teledyne Technologies Inc 0.01%
Transdigm Group Inc 0.02%
Tobacco
Alimentation Couche-Tard Inc 0.02%
Seven & I Holdings Co Ltd 0.02%
Gambling
Aristocrat Leisure Ltd 0.11%
Evolution Gaming Group 0.01%
Flutter Entertainment PLC 0.01%
Galaxy Entertainment Group Ord Shs 0.01%
Las Vegas Sands Corp 0.01%
Mgm Resorts International Ord Shs 0.01%
Sands China Ltd 0.01%
Sands China Ltd 5.4% 08/08/2028 0.01%
Sky City Entertainment Group 0.32%
Wynn Resorts Ord Shs 0.01%
Adult Entertainment/Pornography
Mgm Resorts International Ord Shs 0.01%
Alcohol
Ambev SA 0.01%
Anheuser Busch Inbev Nv Medium Term Note 1.125% 01/07/2027 0.01%
Anheuser Busch Inbev Nv Medium Term Note 2.25% 24/05/2029 0.01%
Anheuser Busch Inbev Nv Medium Term Note 2.875% 02/04/2032 0.01%
Anheuser-Busch Companies Llc 4.9% 01/02/2046 0.01%
Anheuser-Busch Inbev Nv 0.03%
Asahi Group Holdings Ltd 0.01%
Brown-Forman Corp-Class B 0.01%
Budweiser Brewing Company Apac Ltd 0.01%
China Resources Beer Holdings Ord Shs 0.01%
Constellation Brands Inc 3.75% 01/05/2050 0.01%
Constellation Brands Inc-A 0.02%
Delegat Group Ltd 0.05%
Diageo PLC 0.06%
Heineken Holdings Nv 0.01%
Heineken Nv 0.02%
Heineken Nv Medium Term Note 1% 04/05/2026 0.01%
Kirin Holdings Co Ltd 0.01%
Kweichow Moutai Co Ltd-A 0.02%
LVMH Moet Hennessy Louis Vui 0.09%
LVMH Moet Hennessy Louis Vuitton Se Medium Term Note 0.75% 07/04/2025 0.01%
Pernod Ricard SA 0.03%
Wuliangye Yibin Co Ltd 0.01%
Palm Oil
Posco 0.01%
Posco 2.75% 15/07/2024 0.01%
GMOs
Corteva Inc 0.02%
Human Rights & Environmental Violations
Archer-Daniels-Midland Co 0.02%
Barrick Gold Corp 0.04%
BHP Billiton Finance Ltd Medium Term Note 3% 29/05/2024 0.01%
BHP Billiton Finance Ltd Medium Term Note 3.25% 25/09/2024 0.01%
BHP Group PLC 0.03%
Chevron Corporation 0.11%
Duke Energy Corp 0.05%
Duke Energy Corp 3.15% 15/08/2027 0.01%
Essity Aktiebolag-B 0.01%
Freeport - Mcmoran Copper 0.02%
Glencore Finance (Europe) Ltd Medium Term Note 1.875% 13/09/2023 0.01%
Glencore PLC 0.02%
Grupo Mexico B Ord Shs 0.01%
Johnson & Johnson 0.30%
Johnson & Johnson 1.15% 20/11/2028 0.01%
Johnson & Johnson 3.625% 03/03/2037 0.01%
Nestle Finance International Ltd SA Medium Term Note 0.375% 18/01/2024 0.01%
Nestle Holdings Inc 0.875% 18/07/2025 0.01%
Nestle Holdings Inc 3.625% 24/09/2028 0.01%
Nestle Holdings Inc 4% 24/09/2048 0.01%
Nestle SA-Reg 0.25%
Nutrien Ord Shs 0.02%
Petroleo Brasileiro SA Petrobras 0.02%
Posco 0.01%
Posco 2.75% 15/07/2024 0.01%
Rio Tinto PLC 0.05%
Royal Dutch Shell PLC - B Shs 0.04%
Royal Dutch Shell PLC-A Shs 0.03%
Sempra Energy 0.03%
Shell International Finance Bv 1.625% 20/01/2027 0.01%
Shell International Finance Bv 3.4% 12/08/2023 0.01%
Shell International Finance Bv 4.375% 11/05/2045 0.01%
Shell International Finance Bv Medium Term Note 1.125% 07/04/2024 0.01%
Vale SA 0.03%
Animal Testing
Air Liquide SA 0.060%
Air Products and Chemicals- Inc. 0.050%
Akzo Nobel Nv 0.010%
Akzo Nobel Nv Medium Term Note 2.625% 27/07/2022 0.010%
Albemarle Corp 0.010%
Archer-Daniels-Midland Co 0.020%
Argentum Netherlands Bv Medium Term Note 3.5% 01/10/2046 0.010%
Asahi Group Holdings Ltd 0.010%
Associated British Foods PLC 0.010%
Basf Se 0.040%
Basf Se 0.875% 06/10/2031 0.010%
Bayer AG-Reg 0.050%
Bayer Aktiengesellschaft 0.75% 06/01/2027 0.010%
Bayer Capital Corp Bv 1.5% 26/03/2026 0.010%
Bayer US Finance Ii Llc 4.25% 15/10/2025 0.010%
Beiersdorf Ord Shs 0.010%
Burberry Group PLC 0.010%
Chevron Corporation 0.110%
China Feihe Ltd 0.010%
Church and Dwight Ord Shs 0.020%
Clorox Company 0.020%
Cnac Hk Finbridge Co Ltd 4.875% 14/03/2025 0.010%
Coca-Cola Co 0.75% 22/09/2026 0.010%
Coca-Cola Co/The 0.150%
Colgate-Palmolive Co 0.050%
Corteva Inc 0.020%
Covestro AG 0.010%
Croda International PLC 0.010%
Danone 0.030%
Dow Chemical Co 0.5% 15/03/2027 0.010%
Dow Inc 0.030%
Du Pont De Nemours 0.030%
Dupont De Nemours Inc 4.725% 15/11/2028 0.010%
Ecolab Inc 0.040%
Essity Aktiebolag-B 0.010%
Estee Lauder Cos Inc/The 0.040%
Fmc Corp 0.010%
General Mills Inc 0.030%
Givaudan Ord Shs 0.030%
Glaxosmithkline Capital PLC Medium Term Note 1.625% 12/05/2035 0.010%
Glaxosmithkline Capital PLC Medium Term Note 3.375% 20/12/2027 0.010%
Glaxosmithkline PLC 0.070%
Henkel AG & Co Kgaa 0.020%
Hermes International 0.020%
Hindustan Unilever Ltd 0.020%
Johnson & Johnson 0.300%
Johnson & Johnson 1.15% 20/11/2028 0.010%
Johnson & Johnson 3.625% 03/03/2037 0.010%
Kao Corporation 0.030%
Kellogg Co 0.010%
Kerry Group Ord Shs 0.020%
Keurig Dr Pepper Ord Shs 0.010%
Kimberly-Clark Corp 0.040%
Kirin Holdings Co Ltd 0.010%
Koninkilijke Dsm Ord Shs 0.020%
Kraft Heinz Co/The 0.010%
L'Oreal SA 0.060%
Lg Household & Health Care Ord Shs 0.010%
Linde PLC 0.100%
LVMH Moet Hennessy Louis Vui 0.090%
LVMH Moet Hennessy Louis Vuitton Se Medium Term Note 0.75% 07/04/2025 0.010%
Mondelez International Inc-A 0.060%
Nestle Finance International Ltd SA Medium Term Note 0.375% 18/01/2024 0.010%
Nestle Holdings Inc 0.875% 18/07/2025 0.010%
Nestle Holdings Inc 3.625% 24/09/2028 0.010%
Nestle Holdings Inc 4% 24/09/2048 0.010%
Nestle SA-Reg 0.250%
Nippon Paint Holdings Ord Shs 0.010%
Nutrien Ord Shs 0.020%
Orkla Asa 0.010%
Pepsico Inc 0.150%
Pepsico Inc 0.875% 16/10/2039 0.010%
PPG Industries Inc 0.030%
Praxair Inc 1.625% 01/12/2025 0.010%
Procter & Gamble Co 0.5% 25/10/2024 0.010%
Procter and Gamble Co/The 0.260%
Reckitt Benckiser Group PLC 0.050%
Reckitt Benckiser Tsy 2.75% 26/06/2024 0.010%
Reliance Industries Ltd 0.050%
Royal Dutch Shell PLC - B Shs 0.040%
Royal Dutch Shell PLC-A Shs 0.030%
Sainsbury(J) Ord Shs 0.010%
Seven & I Holdings Co Ltd 0.020%
Shell International Finance Bv 1.625% 20/01/2027 0.010%
Shell International Finance Bv 3.4% 12/08/2023 0.010%
Shell International Finance Bv 4.375% 11/05/2045 0.010%
Shell International Finance Bv Medium Term Note 1.125% 07/04/2024 0.010%
Sherwin-Williams Co/The 0.040%
Shin-Etsu Chemical Co Ltd 0.040%
Shiseido Co Ltd 0.020%
Svenska Cellulosa Ab Sca 0.010%
Tate and Lyle Ord Shs 0.010%
Tesco Corporate Treasury Services PLC Medium Term Note 1.375% 24/10/2023 0.010%
Tesco PLC 0.020%
Tesco Property Finance 1 PLC 7.6227% 13/07/2039 0.010%
Umicore Ord Shs 0.010%
Unicharm Corporation 0.010%
Unilever Nv 0.5% 12/08/2023 0.010%
Unilever Nv 1.75% 25/03/2030 0.010%
Unilever Nv-Cva 0.070%
Unilever PLC 0.050%
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed Sept. 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, Sustainalytics and research organisations.
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 |
|---|---|---|
| 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 Wed Sept. 30th 2020.
Showing the top 10 investments for this fund:
-
Fisher & Paykel Healthcare Ltd
New Zealand Australasian Equities2.79% -
A2 Milk Company Ltd
New Zealand Australasian Equities1.91% -
Spark New Zealand Ltd
New Zealand Australasian Equities1.57% -
Apple Inc
United States International Equities1.44% -
Microsoft Corporation
United States International Equities1.21% -
Amazon.Com Inc
United States International Equities1.03% -
Meridian Energy Ltd
New Zealand Australasian Equities0.95% -
Auckland International Airport Ltd
New Zealand Australasian Equities0.94% -
Contact Energy Ltd
New Zealand Australasian Equities0.91% -
BNP Paribas Bank Account NZD
New Zealand Cash and Equivalents A+0.81%
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed Sept. 30th 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% | 8.26% |
| New Zealand Fixed Interest | 11.0% | 8.76% |
| International Fixed Interest | 34.0% | 27.71% |
| Australasian Equities | 16.0% | 17.25% |
| International Equities | 34.0% | 38.02% |
| 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 Wed Sept. 30th 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 concernDoes this fund say it excludes this?Actual holdings
-
Adult Entertainment/Pornography:0.01%
-
Alcohol:0.47%
-
Animal Testing:3.37%
-
Fossil Fuels:2.51%
-
Gambling:0.51%
-
GMOs:0.02%
-
Human Rights & Environmental Violations:1.25%
-
Palm Oil:0.02%
-
Tobacco:0.04%
-
Weapons:0.08%
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed Sept. 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, Sustainalytics 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 largely in growth assets which generally have higher levels of risk with the potential for higher returns. It also has a sizeable allocation to income assets which generally have lower levels of risk and potential returns It aims to achieve a medium level of return over the medium to long term."
| Value | $540M NZD |
| Period of data report | Wed Sept. 30th 2020 |
| Members | 28,694 |
| Fund started | Mon Feb. 11th 2013 |
| 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
|
Richard Morath |
Currently: Director BNZ Investment Services Limited (7 years, 3 months) |
|
Richard Ansell |
Currently: Director BNZ Investment Services Limited (1 years, 7 months) |
|
Hayley Cassidy |
Currently: Director BNZ Investment Services Limited (1 years, 5 months) |
|
Paul Richardson |
Currently: Director BNZ Investment Services Limited (0 years, 10 months) |
|
Daniel Huggins |
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 Wed Sept. 30th 2020.
Downloads
Download the fund's disclosure statement and portfolio holdings.
