Funds
Kiwi Wealth Balanced
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:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- Contact Energy Ltd 0.39%
- Nextera Energy Inc 0.29%
- Williams Cos Inc/The 4.5% 15 Nov 23 15/11/2023 0.19%
- Cheniere Energy Inc 0.10%
- Valero Energy Corp 0.09%
- Dominion Energy Inc 0.07%
- Rwe AG 0.06%
- Anglo American PLC 0.05%
- Centrica PLC 0.05%
- Clearway Energy Inc 0.05%
- Genesis Energy Ltd 0.04%
- Pbf Energy Inc 0.04%
- BHP Group Ltd 0.03%
- Contact Energy Ltd 4.63% 15 Nov 22 15/11/2022 0.03%
- Iberdrola SA 0.03%
- Sempra Energy 0.03%
- Ameren Corp 0.02%
- Contact Energy Ltd 4.33% 19 Nov 51 19/11/2051 0.02%
- Delek US Holdings Inc 0.02%
- Itochu Corp 0.02%
- Marubeni Corp 0.02%
- Ptt Global Chemical Pcl 0.02%
- Atco Ltd/Canada 0.01%
- Kinder Morgan Inc/De 0.01%
- Kunlun Energy Co Ltd 0.01%
- Mitsubishi Corp 0.01%
- Pembina Pipeline Corp 0.01%
- Tc Energy Corp 0.01%
- Williams Cos Inc/The 0.01%
Weapons
- Amphenol Corp 0.21%
- Walmart Inc 0.12%
- Dick'S Sporting Goods Inc 0.06%
- Howmet Aerospace Inc 5.9% 01 Feb 27 1/2/2027 0.03%
- Transdigm Inc 6.25% 15 Mar 26 15/3/2026 0.02%
Tobacco
- Alimentation Couche-Tard Inc 0.10%
Gambling
- Skycity Entertainment Group Ltd 0.17%
- Skycity Entertainment Group Ltd 3.02% 21 May 27 21/5/2027 0.12%
- Vici Properties Inc 0.12%
- Aristocrat Leisure Ltd 0.08%
Alcohol
- Constellation Brands Inc 4.35% 09 May 27 9/5/2027 0.20%
- Diageo Capital Bv 1.5% 08 Jun 29 8/6/2029 0.05%
- Diageo PLC 0.04%
- Pernod Ricard SA 0.04%
- Constellation Brands Inc 0.03%
- Kirin Holdings Co Ltd 0.03%
- Carlsberg A/S 0.02%
- Treasury Wine Estates Ltd 0.02%
- Asahi Group Holdings Ltd 0.01%
- Metcash Ltd 0.01%
Human Rights & Environmental Violations
- Thermo Fisher Scientific Inc 0.53%
- Johnson & Johnson 0.33%
- Nestle SA 0.33%
- Johnson & Johnson 0.65% 20 May 24 20/5/2024 0.24%
- Meta Platforms Inc 0.24%
- Meta Platforms Inc 3.5% 15 Aug 27 15/8/2027 0.19%
- Nestle Holdings Inc 4.125% 01 Oct 27 1/10/2027 0.19%
- Wells Fargo & Co 3.75% 24 Jan 24 24/1/2024 0.16%
- Nestle Holdings Inc 1% 15 Sep 27 15/9/2027 0.12%
- Mattel Inc 5.875% 15 Dec 27 15/12/2027 0.10%
- Uber Technologies Inc 0.10%
- Li Ning Co Ltd 0.08%
- Wells Fargo & Co 0.07%
- Johnson & Johnson 0.55% 01 Sep 25 1/9/2025 0.05%
- Chemours Co/The 0.04%
- Chemours Co/The 5.375% 15 May 27 15/5/2027 0.04%
- BHP Group Ltd 0.03%
- Rio Tinto PLC 0.02%
- Uber Technologies Inc 8% 01 Nov 26 1/11/2026 0.02%
- Evergreen Marine Corp Taiwan Ltd 0.01%
- Johnson & Johnson 2.9% 15 Jan 28 15/1/2028 0.01%
- Motorola Solutions Inc 0.01%
- Nutrien Ltd 0.01%
- Rio Tinto Ltd 0.01%
Animal Cruelty
- LVMH Moet Hennessy Louis Vuitton Se 0.78%
- Procter & Gamble Co/The 0.52%
- Nestle SA 0.33%
- L'Oreal SA 0.27%
- Pepsico Inc 0.26%
- Unilever Capital Corp 2.9% 05 May 27 5/5/2027 0.26%
- Pilgrim'S Pride Corp 5.875% 30 Sep 27 30/9/2027 0.22%
- Constellation Brands Inc 4.35% 09 May 27 9/5/2027 0.20%
- Nestle Holdings Inc 4.125% 01 Oct 27 1/10/2027 0.19%
- Hermes International 0.17%
- Koninklijke Ahold Delhaize Nv 0.17%
- Air Liquide Finance SA 2.5% 27 Sep 26 27/9/2026 0.16%
- Estee Lauder Cos Inc/The 0.16%
- Mondelez International Inc 0.15%
- Nestle Holdings Inc 1% 15 Sep 27 15/9/2027 0.12%
- Procter & Gamble Co/The 1.125% 02 Nov 23 2/11/2023 0.10%
- Procter & Gamble Co/The 2.8% 25 Mar 27 25/3/2027 0.10%
- Darling Ingredients Inc 5.25% 15 Apr 27 15/4/2027 0.09%
- Coca-Cola Co/The 0.08%
- Ashland Global Holdings Inc 0.07%
- Cie Financiere Richemont SA 0.07%
- General Mills Inc 0.07%
- Kraft Heinz Foods Co 3.875% 15 May 27 15/5/2027 0.06%
- Mowi Asa 0.05%
- Chemours Co/The 0.04%
- Chemours Co/The 5.375% 15 May 27 15/5/2027 0.04%
- Cj Cheiljedang Corp 0.04%
- Air Liquide SA 0.03%
- Constellation Brands Inc 0.03%
- Chr Hansen Holding A/S 0.02%
- Colgate-Palmolive Co 0.02%
- Daikin Industries Ltd 0.02%
- Eastman Chemical Co 0.02%
- Kering SA 0.02%
- Kimberly-Clark Corp 0.02%
- PPG Industries Inc 0.02%
- Petronas Chemicals Group Bhd 0.02%
- Ptt Global Chemical Pcl 0.02%
- Unilever PLC 0.02%
- Akzo Nobel Nv 0.01%
- Asahi Group Holdings Ltd 0.01%
- Danone SA 0.01%
- Dupont De Nemours Inc 0.01%
- Koninklijke Dsm Nv 0.01%
- Mitsubishi Corp 0.01%
- Mosaic Co/The 0.01%
- Nutrien Ltd 0.01%
- Pilgrim'S Pride Corp 0.01%
- Ping An Insurance Group Co Of China Ltd 0.01%
- Sgs SA 0.01%
- Tesco PLC 0.01%
This data is compiled by Mindful Money from the fund information and portfolios
that each KiwiSaver fund has
filed with the Disclose register to 30th Sept. 2022 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
In their own words
The Balanced Fund is invested up to 70% in shares and other
growth assets, with the remainder in cash and fixed interest
assets. Its objective is to exceed the returns you would receive
from investing 45% of your funds in New Zealand fixed
interest assets and cash, and 55% in shares through
active allocation and active selection of shares, fixed interest and cash assets.
| Value | $2.0B NZD |
| Period of data report | 31st Dec. 2022 |
| Members | 72,018 |
| Fund started | 1st Oct. 2007 |
| Total annual fund fees | 1.04% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.96% |
| Other management and administration charges | 0.08% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Steffan Berridge |
Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (1 years, 1 months) |
|
Diana Gordon |
Currently: Deputy Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (0 years, 6 months) |
|
Nathan Field |
Currently: Head of Thematic Equities - Kiwi Wealth Investments Limited Partnership (12 years, 7 months) |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.
Investment Exclusions
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).
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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.
| Issue of concern | Does this fund say it excludes this? | Actual holdings |
|---|---|---|
| Adult Entertainment /Pornography | 0.00% | |
| Alcohol | 0.44% | |
| Animal Cruelty | 5.24% | |
| Fossil Fuels | 1.81% | |
| Gambling | 0.51% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 2.95% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.10% | |
| Weapons | 0.46% |
This data is compiled by Mindful Money from the fund information and portfolios
that each KiwiSaver fund has
filed with the Disclose register to 30th Sept. 2022 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 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.
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 |
|---|---|---|
| 2022 | 0.35% | 2.44% |
| 2021 | 16.60% | 21.58% |
| 2020 | -1.09% | -1.57% |
| 2019 | 5.56% | 4.35% |
| 2018 | 5.28% | 7.47% |
| 2017 | 5.86% | 6.55% |
| 2016 | 4.01% | -0.57% |
| 2015 | 11.09% | 14.78% |
| 2014 | 7.28% | 10.81% |
| 2013 | 10.75% | 8.3% |
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 31st Dec. 2022.
Top 10 Investments
-
Westpac NZD Account
New Zealand Cash and Equivalents AA-2.74% -
Microsoft Corp
United States International Equities2.34% -
Apple Inc
United States International Equities2.0% -
New Zealand Local Government Funding Agency Bond 3.5% 14/4/2033
New Zealand NZ Fixed Interest AAA1.24% -
New Zealand Local Government Funding Agency Bond 4.5% 15/4/2027
New Zealand NZ Fixed Interest AAA1.18% -
New Zealand Local Government Funding Agency Bond 1.5% 20/4/2029
New Zealand NZ Fixed Interest AAA1.09% -
Gmo Systematic Global Macro Trust
Australia Other1.06% -
Plato Global Macro Equity Fund
Australia Other1.05% -
Alphabet Inc
United States International Equities1.04% -
Kainga Ora 3.42% 18/10/2028
New Zealand NZ Fixed Interest AAA0.99%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 10.0% | 4.08% |
| New Zealand Fixed Interest | 35.0% | 12.32% |
| International Fixed Interest | 0.0% | 23.97% |
| Australasian Equities | 8.0% | 8.48% |
| International Equities | 47.0% | 46.24% |
| Listed Properties | 0.0% | 2.02% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 2.89% |
| Commodities | 0.0% | 0.0% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.