Kiwi Wealth Balanced

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Mindful Fund
Type: Balanced fund
Past Returns: 3.42%

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

Annual Fees: 1.05%

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

Aes Corp/Va 0.21%
Aker BP Asa 15/6/2024 0.12%
Ameren Corp 0.01%
American Electric Power Co Inc 0.01%
Basf Se 0.01%
BHP Billiton 0.02%
BHP Billiton PLC 0.02%
BP Capital Markets PLC 10/2/2024 0.22%
BP PLC 0.02%
Canadian Natural Resources Ltd 0.01%
Cheniere Energy Inc 0.01%
Chevron Corp 0.03%
Ck Hutchison Holdings Ltd 0.01%
Cms Energy Corp 0.10%
Cnooc Ltd 0.01%
Coca Cola 0.27%
Concho Resources Inc 0.01%
Conocophillips 0.01%
Diamondback Energy Inc 0.01%
Dominion Energy Inc 0.18%
Dte Energy Co 0.01%
Enagas SA 0.04%
Enbridge Inc 0.02%
Enel Spa 0.02%
Eog Resources Inc 0.02%
Evergy Inc 0.06%
Exxon Mobil Corp 0.02%
Fortis Inc/Canada 0.01%
Fortum Oyj 0.02%
Franco-Nevada Corp 0.01%
Iberdrola SA 0.03%
Itochu Corp 0.01%
Jxtg Holdings Inc 0.01%
Keyera Corp 0.05%
Kinder Morgan Inc/De 0.03%
Lukoil PJSC 0.02%
Lundin Petroleum Ab 0.01%
Marathon Petroleum Corp 0.01%
Mitsubishi Corp 0.01%
Mitsui & Co Ltd 0.01%
Nextera Energy Inc 0.26%
Oge Energy Corp 0.05%
Oneok Partners Lp 15/3/2025 0.03%
Oneok Partners Lp 15/9/2023 0.03%
Orix Corp 0.05%
Orsted A/S 0.02%
Phillips 66 0.01%
Pioneer Natural Resources Co 0.02%
Posco 0.01%
Rio Tinto Ltd 0.07%
Rio Tinto PLC 0.03%
Royal Dutch Shell 0.01%
Royal Dutch Shell B Shares 0.01%
Rwe AG 0.02%
Sk Innovation Co Ltd 0.01%
Snam Spa 0.02%
Suncor Energy Inc 0.01%
Tc Energy Corp 0.01%
Total Capital International 4.25% 26/11/2021 26/11/2021 0.01%
Total Capital International SA 19/6/2021 0.05%
Total SA 0.02%
Upm-Kymmene Oyj 0.02%
Williams Cos Inc/The 0.01%
Xcel Energy Inc 0.02%

Weapons

Airbus Se 0.02%
Amphenol Corp 0.18%
Booz Allen Hamilton Holding Corp 0.10%
Dick'S Sporting Goods Inc 0.04%
L3Harris Technologies Inc 0.01%
Safran SA 0.02%
Thales SA 0.01%
United Technologies Corp 0.04%

Tobacco

Alimentation Couche-Tard -B 0.01%
Seven & I Holdings Co Ltd 0.01%

Gambling

Aristocrat Leisure Ltd 0.03%
Evolution Gaming Group Ab 0.04%
Galaxy Entertainment Group Ltd 0.01%
Vici Properties Inc 0.01%
William Hill PLC 7/9/2023 0.13%

Alcohol

Anheuser-Busch Inbev Nv 0.01%
Asahi Group Holdings Ltd 0.01%
Carlsberg A/S 0.02%
Constellation Brands Inc 0.03%
Constellation Brands Inc 1/5/2021 0.10%
Davide Campari-Milano Spa 0.01%
Diageo PLC 0.02%
Heineken Nv 0.01%
Kirin Holdings Co Ltd 0.01%
Kweichow Moutai Co Ltd 0.01%
LVMH Moet Hennessy Louis Vuitton Se 0.34%
Pernod Ricard SA 0.01%

Palm Oil

Posco 0.01%

GMOs

Corteva Inc 0.09%

Human Rights & Environmental Violations

Archer-Daniels-Midland Co 0.10%
BHP Billiton 0.02%
BHP Billiton PLC 0.02%
Chevron Corp 0.03%
Duke Energy Corp 0.01%
Johnson & Johnson 0.21%
Johnson & Johnson 15/1/2028 0.01%
Johnson & Johnson 20/5/2024 0.26%
Nestle Holdings Inc - 1% 15 Sep 27 15/9/2027 0.12%
Nestle S.A. 1.02%
Nutrien Ltd 0.01%
Posco 0.01%
Rio Tinto Ltd 0.07%
Rio Tinto PLC 0.03%
Royal Dutch Shell 0.01%
Royal Dutch Shell B Shares 0.01%
Sempra Energy 0.01%

Animal Testing

Air Liquide SA 0.020%
Air Products & Chemicals Inc 0.020%
Akzo Nobel Nv 0.020%
Archer-Daniels-Midland Co 0.100%
Arkema SA 0.010%
Asahi Group Holdings Ltd 0.010%
Ashland Global Holdings Inc 0.060%
Associated British Foods PLC 0.030%
Avantor Inc 0.020%
Axalta Coating Systems Ltd 0.050%
Basf Se 0.010%
Celanese Corp 0.020%
Chevron Corp 0.030%
Church & Dwight Co Inc 0.080%
Coca Cola 0.270%
Colgate-Palmolive Co 0.070%
Corteva Inc 0.090%
Danone SA 15/6/2022 0.020%
Dow Inc 0.100%
Dupont De Nemours Inc 0.010%
Eastman Chemical Co 0.020%
Estee Lauder Cos Inc/The 0.020%
Fujifilm Holdings Corp 0.010%
General Mills Inc 0.040%
Givaudan SA 0.030%
Glaxosmithkline PLC 0.090%
Hermes International 0.100%
Hp Inc 0.020%
Johnson & Johnson 0.210%
Johnson & Johnson 15/1/2028 0.010%
Johnson & Johnson 20/5/2024 0.260%
Kao Corp 0.010%
Kellogg Co 0.090%
Kerry Group PLC 0.010%
Kimberly-Clark Corp 0.040%
Kirin Holdings Co Ltd 0.010%
Kraft Heinz Co/The 0.090%
L'Oreal SA 0.220%
Lg Household & Health Care Ltd 0.010%
Linde PLC 0.040%
LVMH Moet Hennessy Louis Vuitton Se 0.340%
Mondelez International Inc 0.040%
Nestle Holdings Inc - 1% 15 Sep 27 15/9/2027 0.120%
Nestle S.A. 1.020%
Nissan Chemical Corp 0.050%
Novozymes A/S-B Shares 0.010%
Nutrien Ltd 0.010%
Pepsico Inc 0.720%
Procter & Gamble Co/The 0.830%
Procter & Gamble Co/The 2/11/2023 0.110%
Reckitt Benckiser Group PLC 0.030%
Royal Dutch Shell 0.010%
Royal Dutch Shell B Shares 0.010%
Seven & I Holdings Co Ltd 0.010%
Shin-Etsu Chemical Co Ltd 0.020%
Shiseido Co Ltd 0.010%
Sk Innovation Co Ltd 0.010%
Spectrum Brands Holdings Inc 0.050%
Tesco Corporate Treasury Services PLC 1/7/2024 0.150%
Tesco PLC 0.020%
Unilever PLC 0.050%
Yara International 0.030%

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.

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
2020 -1.89% -1.57%
2019 5.68% 4.35%
2018 5.63% 7.47%
2017 6.10% 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%
2011 5.30% 3.18%

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 Thu Dec. 31st 2020.

Showing the top 10 investments for this fund:

  • Westpac NZD Account
    New Zealand Cash and Equivalents AA-
    5.16%
  • Apple Inc
    United States International Equities
    2.18%
  • Microsoft Corp
    United States International Equities
    1.72%
  • New Zealand Local Government Funding Agency Bond 14/4/2033
    New Zealand NZ Fixed Interest AA+
    1.71%
  • Landwirtschaftliche Rentenbank 23/4/2024
    Germany Int Fixed Interest AAA
    1.23%
  • Gmo Systematic Global Macro Trust
    Australia Other
    1.22%
  • Kommunalbanken As 20/8/2025
    Norway Int Fixed Interest AAA
    1.17%
  • Amazon.Com Inc
    United States International Equities
    1.16%
  • Housing New Zealand Ltd 18/10/2028
    New Zealand NZ Fixed Interest AA+
    1.13%
  • Two Trees Global Macro Ucits
    Ireland Other
    1.12%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Thu Dec. 31st 2020.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 22.5% 6.77%
New Zealand Fixed Interest 22.5% 16.07%
International Fixed Interest 0.0% 17.54%
Australasian Equities 0.0% 0.63%
International Equities 55.0% 54.31%
Listed Properties 0.0% 1.19%
Unlisted Properties 0.0% 0.0%
Other 0.0% 3.49%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Thu Dec. 31st 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:
    0.58%
  • Animal Testing:
    6.02%
  • Fossil Fuels:
    2.51%
  • Gambling:
    0.22%
  • GMOs:
    0.09%
  • Human Rights & Environmental Violations:
    1.95%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.02%
  • Weapons:
    0.42%

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 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 global shares throughactive allocation and active selection of shares and othergrowth assets fixed interest and cash assets."

Value $2.0B NZD
Period of data report Thu Dec. 31st 2020
Members 75,360
Fund started Mon Oct. 1st 2007
Total annual fund fees 1.05%
Total performance based fees 0.0%
Manager's basic fee 0.97%
Administration charges 0.08%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Simon O'Grady

Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (8 years, 2 months)
Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, 0 months)

Diana Gordon

Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (8 years, 4 months)
Previously: Senior High Yield Portfolio Manager Goldman Sachs Asset Management New York (10 years, 10 months)

Nathan Field

Currently: Portfolio Manager Equities - Kiwi Wealth Investments Limited Partnership (10 years, 7 months)
Previously: Senior Equity Analyst - ABN Amro Sydney (4 years, 6 months)

Steffan Berridge

Currently: Head of Quantitative Strategy - Kiwi Wealth Investments Limited Partnership (7 years, 3 months)
Previously: Portfolio Manager - Man Group PLC (9 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Thu Dec. 31st 2020.

Downloads

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.