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

    • Meta Platforms Inc-Class A 0.17%
    • Nestle Holdings Inc 0.15%
    • Johnson & Johnson 0.06%
    • Credit Suisse New York 0.04%
    • Nestle SA-Reg 0.04%
    • Thermo Fisher Scientific Inc 0.04%
    • Caterpillar Inc 0.03%
    • Wells Fargo & Co 0.03%
    • Thermo Fisher Scientific 0.02%
    • Uber Technologies Inc 0.02%
    • Motorola Solutions Inc 0.01%
    • Palantir Technologies Inc-A 0.01%
    • Rio Tinto Ltd 0.01%
    • Rio Tinto PLC 0.01%
    • Ubs Group AG-Reg 0.01%
    • 3M Co 0.01%
    • Archer-Daniels-Midland Co 0.01%
    • Basf Se 0.01%
    • Corteva Inc 0.01%
    • Freeport-Mcmoran Inc 0.01%
    • P G & E Corp 0.01%
    • Procter & Gamble Co/The 0.06%
    • Intl Flavor & Fragrances 0.04%
    • LVMH Moet Hennessy Louis Vui 0.04%
    • Air Liquide SA 0.02%
    • L'Oreal 0.02%
    • Unilever PLC 0.02%
    • 3M Co 0.01%
    • Basf Se 0.01%
    • Colgate-Palmolive Co 0.01%
    • Corteva Inc 0.01%
    • Dow Inc 0.01%
    • Dupont De Nemours Inc 0.01%
    • Ecolab Inc 0.01%
    • Estee Lauder Companies-Cl A 0.01%
    • Givaudan-Reg 0.01%
    • Hermes International 0.01%
    • Kimberly-Clark Corp 0.01%
    • PPG Industries Inc 0.01%
    • Sherwin-Williams Co/The 0.01%
    • Shin-Etsu Chemical Co Ltd 0.01%
    • Walmart Inc 0.04%
    • Amphenol Corp-Cl A 0.01%
    • Daikin Industries Ltd 0.01%
    • Rolls-Royce Holdings PLC 0.01%
    • Transdigm Group Inc 0.01%
    • Contact Energy Ltd 0.27% 1.5°C
      This company is on a 1.5°C pathway
    • Vier Gas Transport Gmbh 0.16%
    • E.On Intl Finance Bv 0.13%
    • Sgsp Australia Assets 0.10%
    • Apa Infrastructure Ltd 0.09% !!
      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
    • Galaxy Pipeline Assets 0.07%
    • Kinder Morgan Ener Part 0.05% !!
      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
    • Enbridge Inc 0.04% !!
      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
    • Berkshire Hathaway Cl-A-Cdi 0.03%
    • Electricite De France SA 0.03%
    • National Grid Gas PLC 0.03% !!
      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 0.03% !!
      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
    • Williams Companies Inc 0.03% !!
      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 0.02%
    • Channel Infrastructure NZ Lt 0.01%
    • Cheniere Energy Inc 0.01% !!
      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
    • Constellation Energy 0.01%
    • Dominion Energy Inc 0.01%
    • Enel Spa 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Iberdrola SA 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Itochu Corp 0.01% !!
      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 0.01% !!
      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
    • Marathon Petroleum Corp 0.01%
    • Oneok Inc 0.01%
    • P G & E Corp 0.01%
    • Phillips 66 0.01%
    • Rio Tinto Ltd 0.01%
    • Rio Tinto PLC 0.01%
    • Sempra Energy 0.01% !!
      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 0.01% !!
      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
    • Valero Energy Corp 0.01%
    • Williams Cos Inc 0.01% !!
      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

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

The First Home Buyer Fund invests mostly in income assets, which generally have lower levels of risk with the potential for lower returns. It also has a small allocation to growth assets, which generally have higher levels of risk and potential returns. It aims to achieve relatively stable returns over the short to medium term.

Value $350M NZD
Period of data report 30th June 2024
Members 19,999
Fund started 15th Sept. 2015
Total annual fund fees 0.45%
Total performance based fees 0.0%
Manager's basic fee 0.45%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Peter Forster

Currently: Chair, BNZ Investment Review Committee (4 years, 6 months)
Previously: CEO BNZ Investment Services Limited (other position) (5 years, 10 months)

Richard Ansell

Currently: Member, BNZ Investment Review Committee (4 years, 6 months)
Previously: Director, BNZ Investment Services Limited (other position) (5 years, 4 months)

Jason Wong

Currently: Member, BNZ Investment Review Committee (3 years, 6 months)
Previously: Senior Markets Strategist, BNZ (other position) (8 years, 6 months)

Louis Nel

Currently: Member, BNZ Investment Review Committee (2 years, 3 months)
Previously: Head of Investment Solutions, BNZ Investment Services Limited (other position) (13 years, 5 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 6.55% 5.77%
2023 -1.85% 0.35%
2022 -0.74% -0.46%
2021 8.94% 4.25%
2020 0.61% 1.4%
2019 4.19% 2.68%
2018 3.58% 3.5%
2017 4.10% 3.85%

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

  • BNZ Call Account NZD
    New Zealand Cash and Equivalents AA-
    3.62%
  • Nzgt Tributum Limited Atf Tributum Registered Certificate Of Deposit 28/08/2024
    New Zealand Cash and Equivalents AAA
    2.27%
  • ASB Bank Ltd Registered Certificate Of Deposit 20/09/2024
    New Zealand Cash and Equivalents AA-
    2.21%
  • City Of Auckland 6.16% 13/02/2025
    New Zealand NZ Fixed Interest AA
    2.14%
  • ANZ Bank New Zealand Ltd. Registered Certificate Of Deposit 29/07/2024
    New Zealand Cash and Equivalents AA-
    2.08%
  • ASB Bank Ltd 1.83% 19/08/2024
    New Zealand NZ Fixed Interest AA-
    1.73%
  • Westpac New Zealand Ltd 2.22% 29/07/2024
    New Zealand NZ Fixed Interest AA-
    1.73%
  • Westpac New Zealand Ltd Registered Certificate Of Deposit 18/07/2024
    New Zealand Cash and Equivalents AA-
    1.72%
  • BNZ Rolling Deposit Account Registered Certificate Of Deposit
    New Zealand Cash and Equivalents AA-
    1.57%
  • Bank Of New Zealand Registered Certificate Of Deposit 15/07/2024
    New Zealand Cash and Equivalents AA-
    1.56%
Type Target Actual
Cash and Cash Equivalents 60.0% 59.96%
New Zealand Fixed Interest 6.0% 6.02%
International Fixed Interest 19.0% 19.09%
Australasian Equities 5.0% 4.76%
International Equities 10.0% 10.17%
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.

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th June 2024.