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
BHP Group Ltd 0.01%
BHP Group PLC 0.01%
Chevron Corp 0.04%
Coca-Cola Co/The 0.06%
Conocophillips 0.03%
Dominion Energy Inc 0.09%
Eog Resources Inc 0.05%
Exxon Mobil Corp 0.05%
Gazprom PJSC 0.01%
Genesis Energy Ltd 0.06%
Hess Corp 0.05%
Itochu Corp 0.01%
Jefferies Financial Group Inc 0.02%
Lukoil PJSC 0.01%
Mitsubishi Corp 0.01%
Oasis Petroleum Inc 0.02%
Oneok Inc 0.09%
Oneok Partners Lp 4.9% 15 Mar 25 15/3/2025 0.02%
Oneok Partners Lp 5% 15 Sep 23 15/9/2023 0.02%
Pioneer Natural Resources Co 0.03%
Royal Dutch Shell PLC 0.03%
Total SA 0.02%
Williams Cos Inc/The 0.02%
Williams Cos Inc/The 4.5% 15 Nov 23 15/11/2023 0.15%
Weapons
Amphenol Corp 0.23%
Canadian Tire Corp Ltd 0.05%
Saab Ab 0.02%
Teledyne Technologies Inc 0.23%
Tobacco
Alimentation Couche-Tard Inc 0.07%
Gambling
Skycity Entertainment Group Ltd 0.08%
Skycity Entertainment Group Ltd 3.02% 21 May 27 21/5/2027 0.13%
William Hill PLC 4.875% 07 Sep 23 7/9/2023 0.12%
Alcohol
Carlsberg A/S 0.02%
Constellation Brands Inc 0.02%
Diageo PLC 0.03%
Kweichow Moutai Co Ltd 0.06%
LVMH Moet Hennessy Louis Vuitton Se 0.31%
Pernod Ricard SA 0.02%
GMOs
Human Rights & Environmental Violations
BHP Group Ltd 0.01%
BHP Group PLC 0.01%
Chemours Co/The 0.02%
Chevron Corp 0.04%
Duke Energy Corp 0.02%
Johnson & Johnson 0.19%
Johnson & Johnson 0.65% 20 May 24 20/5/2024 0.22%
Johnson & Johnson 2.9% 15 Jan 28 15/1/2028 0.01%
Nestle Holdings Inc 1% 15 Sep 27 15/9/2027 0.10%
Nestle SA 0.38%
Rio Tinto Ltd 0.05%
Rio Tinto PLC 0.02%
Royal Dutch Shell PLC 0.03%
Animal Testing
Air Liquide Finance SA 2.5% 27 Sep 26 27/9/2026 0.14%
Air Liquide SA 0.02%
Akzo Nobel Nv 0.03%
Archer-Daniels-Midland Co 0.09%
Axalta Coating Systems Ltd 0.05%
Basf Se 0.01%
Chemours Co/The 0.02%
Chevron Corp 0.04%
Cj Cheiljedang Corp 0.04%
Coca-Cola Co/The 0.06%
Danone SA 3% 15 Jun 22 15/6/2022 0.02%
Dupont De Nemours Inc 0.02%
Eastman Chemical Co 0.02%
Estee Lauder Cos Inc/The 0.16%
Givaudan SA 0.04%
Glaxosmithkline PLC 0.01%
Hermes International 0.09%
Hp Inc 0.02%
Johnson & Johnson 0.19%
Johnson & Johnson 0.65% 20 May 24 20/5/2024 0.22%
Johnson & Johnson 2.9% 15 Jan 28 15/1/2028 0.01%
Keurig Dr Pepper Inc 0.09%
Kikkoman Corp 0.03%
Kimberly-Clark Corp 0.02%
Koninklijke Dsm Nv 0.01%
Kumho Petrochemical Co Ltd 0.04%
L'Oreal SA 0.28%
LVMH Moet Hennessy Louis Vuitton Se 0.31%
Linde PLC 0.03%
Mitsui Chemicals Inc 0.05%
Mondelez International Inc 0.04%
Mosaic Co/The 0.05%
Nestle Holdings Inc 1% 15 Sep 27 15/9/2027 0.10%
Nestle SA 0.38%
Novozymes A/S-B Shares 0.01%
PPG Industries Inc 0.02%
Pepsico Inc 0.31%
Procter & Gamble Co/The 0.31%
Procter & Gamble Co/The 1.125% 02 Nov 23 2/11/2023 0.09%
Procter & Gamble Co/The 2.8% 25 Mar 27 25/3/2027 0.09%
Reckitt Benckiser Group PLC 0.02%
Royal Dutch Shell PLC 0.03%
Sherwin-Williams Co/The 0.10%
Shin-Etsu Chemical Co Ltd 0.02%
Spectrum Brands Holdings Inc 0.01%
Sumitomo Chemical Co Ltd 0.04%
Tate & Lyle PLC 0.02%
Trinseo SA 0.03%
Unicharm Corp 0.04%
Unilever PLC 0.02%
Yara International Asa 0.03%
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% | 21.58% |
2020 | -1.20% | -1.57% |
2019 | 5.69% | 4.35% |
2018 | 5.19% | 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% |
2012 | 1.75% | 1.53% |
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:
-
Westpac NZD Account
New Zealand Cash and Equivalents AA-3.77% -
Apple Inc
United States International Equities2.23% -
Microsoft Corp
United States International Equities2.2% -
Alphabet Inc
United States International Equities1.52% -
New Zealand Local Government Funding Agency Bond 3.5% 14/4/2033
New Zealand NZ Fixed Interest AAA1.35% -
New Zealand Local Government Funding Agency Bond 4.5% 15/4/2027
New Zealand NZ Fixed Interest AAA1.18% -
Amazon.Com Inc
United States International Equities1.16% -
New Zealand Local Government Funding Agency Bond 1.5% 20/4/2029
New Zealand NZ Fixed Interest AAA1.09% -
Kainga Ora 3.42% 18/10/2028
New Zealand NZ Fixed Interest AAA1.0% -
Gmo Systematic Global Macro Trust
Australia Other1.0%
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 | 22.5% | 6.66% |
New Zealand Fixed Interest | 22.5% | 15.8% |
International Fixed Interest | 0.0% | 17.4% |
Australasian Equities | 4.0% | 4.29% |
International Equities | 51.0% | 49.97% |
Listed Properties | 0.0% | 2.34% |
Unlisted Properties | 0.0% | 0.0% |
Other | 0.0% | 3.54% |
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:0.47%
-
Animal Testing:4.02%
-
Fossil Fuels:1.10%
-
Gambling:0.34%
-
GMOs:0.01%
-
Human Rights & Environmental Violations:1.12%
-
Palm Oil:0.00%
-
Tobacco:0.09%
-
Weapons:0.54%
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 Balanced Fund is invested up to 70% in shares and othergrowth assets with the remainder in cash and fixed interestassets. Its objective is to exceed the returns you would receivefrom investing 45% of your funds in New Zealand fixedinterest assets and cash and 55% in shares throughactive allocation and active selection of shares fixed interest and cash assets. Kiwi Wealth is 100% Kiwi-owned and operated and our team is based right here in New Zealand. We're ultimately owned by the NZ Super Fund, ACC and NZ Post, so our profits stay in New Zealand too. We invest our members’ money in companies that meet our strict environmental, social and governance criteria. For example, we don’t invest in nuclear weapons, tobacco and whaling. Your money not only gets invested in New Zealand but across the globe too, helping to diversify your investment."
Value | $2.3B NZD |
Period of data report | Fri Dec. 31st 2021 |
Members | 74,547 |
Fund started | Mon Oct. 1st 2007 |
Total annual fund fees | 1.03% |
Total performance based fees | 0.0% |
Manager's basic fee | 0.96% |
Other management and administration charges | 0.07% |
Total other charges | 0.0 |
Total other charges currency | NZD |
Key Personnel
Steffan Berridge |
Currently: Acting Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (0 years, 1 months) |
Diana Gordon |
Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (9 years, 4 months) |
Nathan Field |
Currently: Head of Thematic Equities - Kiwi Wealth Investments Limited Partnership (11 years, 7 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.