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 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

Nextera Energy Inc 0.59%
Bp Capital Markets Plc 10/2/2024 0.27%
Dominion Energy Inc 0.25%
Chevron Corp 16/5/2021 0.16%
Total Capital International Sa 2/9/2020 0.16%
Aker Bp Asa 15/6/2024 0.13%
Chevron Corp 0.12%
Kinder Morgan Inc/De 0.10%
Snam Spa 0.09%
Anglo American Plc 0.09%
Evergy Inc 0.09%
Canadian Natural Resources Ltd 0.08%
Aes Corp/Va 0.08%
Enagas Sa 0.07%
Total Capital International Sa 19/6/2021 0.06%
Inpex Corp 0.06%
Bp Plc 0.04%
Total Sa 0.03%
Oneok Partners Lp 15/9/2023 0.03%
Exxon Mobil Corp 0.03%
American Electric Power Co Inc 0.03%
Royal Dutch Shell 0.03%
Oneok Partners Lp 15/3/2025 0.03%
Xcel Energy Inc 0.03%
Whitecap Resources Inc 0.02%
Eog Resources Inc 0.02%
Pioneer Natural Resources Co 0.02%
Royal Dutch Shell B Shares 0.02%
Ameren Corp 0.02%
Cenovus Energy Inc 0.02%
Enbridge Inc 0.02%
BHP Billiton 0.02%
Cms Energy Corp 0.02%
BHP Billiton Plc 0.02%
Marathon Petroleum Corp 0.02%
Oneok Inc 0.01%
Rwe Ag 0.01%
Cnooc Ltd 0.01%
Suncor Energy Inc 0.01%
Lukoil Pjsc 0.01%
Total Capital International 4.25% 26/11/2021 26/11/2021 0.01%
Phillips 66 0.01%
Diamondback Energy Inc 0.01%
Jxtg Holdings Inc 0.01%
Ptt Pcl/Foreign 0.01%
China Shenhua Energy Co-H 0.01%
Tatneft Pjsc 0.01%
Conocophillips 0.01%
Clp Holdings Ltd 0.01%
Gazprom Pjsc 0.01%

Weapons

Airbus Se 0.09%
Booz Allen Hamilton Holding Corp 0.08%
Safran Sa 0.08%
United Technologies Corp 0.05%
Raytheon Co 0.04%
Leonardo Spa 0.04%
Thales Sa 0.02%
L3Harris Technologies Inc 0.01%

Gambling

William Hill Plc 7/9/2023 0.12%
Evolution Gaming Group Ab 0.04%
Galaxy Entertainment Group Ltd 0.01%

Alcohol

Lvmh Moet Hennessy Louis Vuitton Se 0.40%
Diageo Plc 0.16%
Constellation Brands Inc 1/5/2021 0.13%
Constellation Brands Inc-A 0.04%
Pernod Ricard Sa 0.02%
Heineken Nv 0.02%
Carlsberg A/S 0.01%
Anheuser-Busch Inbev Nv 0.01%
Davide Campari-Milano Spa 0.01%
Kirin Holdings Co Ltd 0.01%
Asahi Group Holdings Ltd 0.01%

Palm Oil

Posco 0.01%

GMOs

Novartis 0.33%
Novozymes A/S-B Shares 0.01%
Dupont De Nemours Inc 0.01%
Basf Se 0.01%
Nutrien Ltd 0.01%

Human Rights & Environmental Violations

Nestle S.A. 0.95%
Johnson & Johnson 20/5/2024 0.31%
Johnson & Johnson 0.15%
Chevron Corp 0.12%
Rio Tinto Ltd 0.08%
Royal Dutch Shell 0.03%
Duke Energy Corp 0.02%
Royal Dutch Shell B Shares 0.02%
BHP Billiton 0.02%
BHP Billiton Plc 0.02%
Johnson & Johnson 15/1/2028 0.02%
Sempra Energy 0.01%
Nutrien Ltd 0.01%
Posco 0.01%
Grupo Mexico Sab De Cv 0.01%

Animal Testing

Nestle S.A. 0.950%
Procter & Gamble Co/The 0.710%
Pepsico Inc 0.620%
Colgate-Palmolive Co 0.420%
Lvmh Moet Hennessy Louis Vuitton Se 0.400%
Coca Cola 0.390%
Johnson & Johnson 20/5/2024 0.310%
L'Oreal Sa 0.290%
Reckitt Benckiser Group Plc 0.200%
Tesco Corporate Treasury Services Plc 1/7/2024 0.180%
Ecolab Inc 8/12/2021 0.160%
Johnson & Johnson 0.150%
Procter & Gamble Co/The 2/11/2023 0.130%
Chevron Corp 0.120%
Ecolab Inc 0.120%
Glaxosmithkline Plc 0.120%
Estee Lauder Cos Inc/The 0.070%
Henkel Ag & Co Kgaa Vorzug 0.050%
Unilever Plc 0.050%
Kimberly-Clark Corp 0.040%
Royal Dutch Shell 0.030%
Danone Sa 15/6/2022 0.030%
General Mills Inc 0.020%
Air Liquide Sa 0.020%
Royal Dutch Shell B Shares 0.020%
Akzo Nobel Nv 0.020%
Tesco Plc 0.020%
Air Products & Chemicals Inc 0.020%
Johnson & Johnson 15/1/2028 0.020%
Novozymes A/S-B Shares 0.010%
Burberry Group Plc 0.010%
Shiseido Co Ltd 0.010%
Arkema Sa 0.010%
Basf Se 0.010%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue June 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 and research organisations.

A summary of this fund and its details.

Number FND554
Name Kiwi Wealth Balanced
Risk profile Balanced fund
Description 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 $1.8B NZD
Members 75,622
Market index description The market index return is the strategic asset allocation weighted benchmark index return, where the benchmark indicies are defined in the Statement of Investment Policy and Objectives. Additional information about the market index is available on the Disclose offer register at https://disclose-register.companiesoffice.govt.nz/
Period of data report Tue June 30th 2020
Fund started Mon Oct. 1st 2007
Three-year average return 3.42%
Market index past year return 4.10%
Past year return net of charges and tax 4.73%
Past year return net of charges gross of tax 5.93%
Market index return since fund started 7.98%
Return since fund started net 6.71%
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

  • Diana Gordon

    Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (7 years, 10 months)
    Previously: Senior High Yield Portfolio Manager, Goldman Sachs Asset Management, New York (10 years, 10 months)

  • Diana Gordon

    Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (7 years, 10 months)
    Previously: Senior High Yield Portfolio Manager, Goldman Sachs Asset Management, New York (10 years, 10 months)

  • Diana Gordon

    Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (7 years, 10 months)
    Previously: Senior High Yield Portfolio Manager, Goldman Sachs Asset Management, New York (10 years, 10 months)

  • Diana Gordon

    Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (7 years, 10 months)
    Previously: Senior High Yield Portfolio Manager, Goldman Sachs Asset Management, New York (10 years, 10 months)

  • Diana Gordon

    Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (7 years, 10 months)
    Previously: Senior High Yield Portfolio Manager, Goldman Sachs Asset Management, New York (10 years, 10 months)

  • Diana Gordon

    Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (7 years, 10 months)
    Previously: Senior High Yield Portfolio Manager, Goldman Sachs Asset Management, New York (10 years, 10 months)

  • Greg Hayton

    Currently: Cash Portfolio Manager & Senior Fixed Income Trader - Kiwi Wealth Investments Limited Partnership (10 years, 8 months)
    Previously: Portfolio Administrator - Gareth Morgan Investments Limited Partnership (1 years, 6 months)

  • Greg Hayton

    Currently: Cash Portfolio Manager & Senior Fixed Income Trader - Kiwi Wealth Investments Limited Partnership (10 years, 8 months)
    Previously: Portfolio Administrator - Gareth Morgan Investments Limited Partnership (1 years, 6 months)

  • Greg Hayton

    Currently: Cash Portfolio Manager & Senior Fixed Income Trader - Kiwi Wealth Investments Limited Partnership (10 years, 8 months)
    Previously: Portfolio Administrator - Gareth Morgan Investments Limited Partnership (1 years, 6 months)

  • Nathan Field

    Currently: Portfolio Manager, Equities - Kiwi Wealth Investments Limited Partnership (10 years, 1 months)
    Previously: Senior Equity Analyst - ABN Amro, Sydney (4 years, 6 months)

  • Nathan Field

    Currently: Portfolio Manager, Equities - Kiwi Wealth Investments Limited Partnership (10 years, 1 months)
    Previously: Senior Equity Analyst - ABN Amro, Sydney. (4 years, 6 months)

  • Nathan Field

    Currently: Portfolio Manager, Equities - Kiwi Wealth Investments Limited Partnership (10 years, 1 months)
    Previously: Senior Equity Analyst - ABN Amro, Sydney (4 years, 6 months)

  • Simon O'Grady

    Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (7 years, 8 months)
    Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, 0 months)

  • Simon O'Grady

    Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (7 years, 8 months)
    Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, 0 months)

  • Simon O'Grady

    Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (7 years, 8 months)
    Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, None months)

  • Simon O'Grady

    Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (7 years, 8 months)
    Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, None months)

  • Simon O'Grady

    Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (7 years, 8 months)
    Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, 0 months)

  • Simon O'Grady

    Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (7 years, 8 months)
    Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, None months)

  • Steffan Berridge

    Currently: Head of Quantitative Strategy - Kiwi Wealth Investments Limited Partnership (6 years, 9 months)
    Previously: Portfolio Manager - Man Group PLC (9 years, None months)

  • Steffan Berridge

    Currently: Head of Quantitative Strategy - Kiwi Wealth Investments Limited Partnership (6 years, 9 months)
    Previously: Portfolio Manager - Man Group PLC (9 years, 0 months)

  • Steffan Berridge

    Currently: Head of Quantitative Strategy - Kiwi Wealth Investments Limited Partnership (6 years, 9 months)
    Previously: Portfolio Manager - Man Group PLC (9 years, None months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue June 30th 2020.

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Westpac NZD Account
    New Zealand Cash and Equivalents AA-
    3.83%
  • New Zealand Local Government Funding Agency Bond 14/4/2033
    New Zealand NZ Fixed Interest AA+
    1.93%
  • Microsoft Corp
    United States International Equities
    1.86%
  • Apple Inc.
    United States International Equities
    1.75%
  • Landwirtschaftliche Rentenbank 23/4/2024
    Germany Int Fixed Interest AAA
    1.41%
  • Kommunalbanken As 20/8/2025
    Norway Int Fixed Interest AAA
    1.33%
  • Housing New Zealand Ltd 18/10/2028
    New Zealand NZ Fixed Interest AA+
    1.27%
  • New Zealand Local Government Funding Agency Bond 15/4/2027
    New Zealand NZ Fixed Interest AA+
    1.26%
  • Alphabet Inc - Class C Shares
    United States International Equities
    1.25%
  • Australia Government Bond 21/4/2037
    Australia Int Fixed Interest AA+
    1.23%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 30 June 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% 7.31%
New Zealand Fixed Interest 22.5% 14.72%
International Fixed Interest 0.0% 18.77%
Australasian Equities 0.0% 0.51%
International Equities 55.0% 53.76%
Listed Properties 0.0% 1.74%
Unlisted Properties 0.0% 0.0%
Other 0.0% 3.19%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 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:
    0.82%
  • Animal Testing:
    5.73%
  • Fossil Fuels:
    3.02%
  • Gambling:
    0.17%
  • GMOs:
    0.37%
  • Human Rights & Environmental Violations:
    1.78%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.00%
  • Weapons:
    0.41%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue June 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 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."

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.