Booster Asset Class Balanced Fund

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Fund type: Balanced fund

Past Returns: 5.61%

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

Annual Fees: 1.2%

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

Contact Energy Ltd 0.36%
Loews Corp 3.200000% 05/15/2030 0.13%
Genesis Energy Ltd 0.09%
Valero Energy Corp 0.05%
Constellation Energy Corp 0.04%
Enbridge 0.04%
Iberdrola SA 0.04%
Ampol Ltd 0.03%
Channel Infrastructure NZ Lt 0.03%
Viva Energy Group Ltd 0.03%
Apa Group 0.02%
Consolidated Edison Inc. 0.02%
Continental Resources 5.750000% 01/15/2031 0.02%
Esb Finance Dac 1.875000% 06/14/2031 0.02%
Neste OYJ 0.02%
Pbf Energy Inc 0.02%
Phillips 66 0.02%
Sk Innovation Co Ltd 0.02%
Bharat Petroleum Corp Ltd 0.01%
Hapvida Participacoes E Inve 0.01%
Hd Hyundai 0.01%
Petronet Lng Ltd 0.01%
Samsung C&T Corp 0.01%

Weapons

Walmart Inc. 0.17%
Dick's Sporting Goods 3.150000% 01/15/2032 0.11%
Walmart De Mexico Sab De Cv 0.03%
Amphenol Corp Class A 0.02%
Bharat Electronics Ltd 0.02%
Teledyne Technologies Inc 0.02%
Transdigm Group Inc 0.02%
Walmart Inc 5.625000% 03/27/2034 0.02%
Walmart Inc 5.750000% 12/19/2030 0.02%
Brookfield Asset Management 0.01%

Tobacco

Gambling

Vici Properties Inc 0.09%
Gaming and Leisure Properties 0.03%

GMOs

Corteva Inc 0.04%

Human Rights & Environmental Violations

Johnson & Johnson 0.33%
Rio Tinto Ltd 0.13%
Thermo Fisher Scientific 2.375000% 04/15/2032 0.13%
Credit Suisse New York 2.950000% 04/09/2025 0.12%
Thermo Fisher Scientific. 0.10%
Johnson & Johnson 3.550000% 03/01/2036 0.09%
Activision Blizzard 0.08%
Caterpillar Inc. 0.06%
Li Ning Co Ltd 0.06%
Credit Suisse Group AG 0.650000% 09/10/2029 0.05%
Credit Suisse Group AG 3.750000% 03/26/2025 0.05%
Thermo Fisher Scientific 2.800000% 10/15/2041 0.05%
Wells Fargo & Co. 0.05%
Corteva Inc 0.04%
Fmc Corp 0.04%
Upl Ltd 0.03%
Wells Fargo & Company 2.500000% 05/02/2029 0.03%
Wells Fargo & Company 2.509000% 10/27/2023 0.03%
Motorola Solutions Inc. 0.02%
Nufarm Ltd 0.02%
Thermo Fisher Scientific 1.950000% 07/24/2029 0.02%
Thermo Fisher Scientific 2.000000% 04/15/2025 0.02%
Wells Fargo & Company 0.625000% 08/14/2030 0.02%
Wells Fargo & Company 3.000000% 04/22/2026 0.02%
Wells Fargo & Company 3.184000% 02/08/2024 0.02%
Evergreen Marine Corp Ltd 0.01%
Page Industries Ltd 0.01%

Animal Testing

Procter & Gamble Co/The 0.20%
Coca Cola Co. 0.12%
Pepsico Inc. 0.11%
Unilever 0.10%
Sherwin-Williams Co 0.08%
Ping An Insurance Group Co-H 0.07%
Ralph Lauren Corp 2.950000% 06/15/2030 0.07%
Coca-Cola Co/The 3.250000% 06/11/2024 0.06%
Colgate-Palmolive Co 0.06%
General Mills Inc 0.06%
PVH Corp 3.125000% 12/15/2027 0.06%
Coca-Cola Co/The 0.400000% 05/06/2030 0.05%
Tapestry Inc 0.05%
3M Co. 0.04%
Asian Paints Ltd 0.04%
Corteva Inc 0.04%
Estee Lauder Cos. Cl A 0.04%
Fmc Corp 0.04%
Hermes Corp 0.04%
Hindustan Unilever Ltd 0.04%
Jab Holdings Bv 1.000000% 07/14/2031 0.04%
Kering 0.04%
Koninklijke Ahold Delhaize NV 0.04%
L’Oreal 0.04%
PVH Corp 3.625000% 07/15/2024 0.04%
Colgate-Palmolive Co 0.300000% 11/10/2029 0.03%
Keurig Dr. Pepper 0.03%
Upl Ltd 0.03%
Avantor Inc 0.02%
Church & Dwight Co 0.02%
Coca-Cola Co/The 0.500000% 03/09/2033 0.02%
Dupont De Nemours Inc 0.02%
Estee Lauder Co Inc 2.600000% 04/15/2030 0.02%
Kellogg Co 0.02%
Kraft Heinz Co/The 0.02%
Marico Ltd 0.02%
Nan Ya Plastics Corp 0.02%
Orica Ltd 0.02%
PPG Industries Inc 0.02%
Procter & Gamble Co/The 1.125000% 11/02/2023 0.02%
Procter & Gamble Co/The 1.200000% 10/29/2030 0.02%
SRF Ltd 0.02%
Sk Innovation Co Ltd 0.02%
Berger Paints India Ltd 0.01%
Campbell Soup Co 2.375000% 04/24/2030 0.01%
Colgate Palmolive (India) 0.01%
Graincorp Ltd-A 0.01%
Grasim Industries Ltd 0.01%
Hanwha Solutions Corp 0.01%
Lg H&H 0.01%
Nufarm Ltd 0.01%
Orbia Advance Corp Sab De Cv 0.01%
Procter & Gamble Co/The 1.250000% 10/25/2029 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 Fri Sept. 30th 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.

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% 0.73%
2021 16.60% 23.75%
2020 -1.09% -7.66%
2019 5.56% 3.32%

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 Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • DFA Global Bond Sustainability Trust NZD Hedged
    Australia Fund
    31.92%
  • DFA Global Sustainability PIE Fund
    New Zealand Fund
    18.12%
  • DFA Global Sustainability PIE Fund (NZD Hedged)
    New Zealand Fund
    17.47%
  • DFA Emerging Markets Sustainability Trust
    Australia Fund
    8.86%
  • NZ Core Equity Trust
    New Zealand Fund
    8.4%
  • DFA Two Year Sustainability Fi Trust NZD Hedged
    Australia Fund
    7.09%
  • DFA Global Real Estate Trust NZD Hedged Class Units
    Australia Fund
    4.57%
  • DFA Australian Sustainability Trust
    Australia Fund
    2.83%
  • NZ Cash (BNZ Bank Trust Account)
    New Zealand Cash and Equivalents A-1+
    0.74%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Sept. 30th 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 1.0% 0.74%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 39.0% 39.0%
Australasian Equities 11.0% 11.23%
International Equities 44.0% 44.46%
Listed Properties 5.0% 4.57%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
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 Sept. 30th 2022.

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:
    0.00%
  • Animal Testing:
    2.92%
  • Fossil Fuels:
    1.47%
  • Gambling:
    0.14%
  • GMOs:
    0.04%
  • Human Rights & Environmental Violations:
    1.81%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.03%
  • Weapons:
    0.71%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Fri Sept. 30th 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.

In their own words

"The Asset Class Balanced Fund invests in a mix of income assets and growth assets. It is suited to investors looking for a medium level of risk and are willing to accept a moderate to potentially high level of returns."

Value $24M NZD
Period of data report Fri Sept. 30th 2022
Members 733
Fund started Fri Sept. 29th 2017
Total annual fund fees 1.2%
Total performance based fees 0.0%
Manager's basic fee 1.2%
Other management and administration charges 0.0%
Total other charges 36.0
Total other charges currency NZD

Key Personnel

Bhanu Singh

Currently: Director and Head of Asia Pacific Portfolio Management, Dimensional Fund Advisors (7 years, 1 months)
Previously: Portfolio Manager, Dimensional Fund Advisors (5 years, 3 months)

Jed Fogdall

Currently: Head of Global Portfolio Management and Chair of the Investment Committee, Dimensional Fund Advisors (3 years, 7 months)
Previously: Co-Head of Portfolio Management and Vice President, Dimensional Fund Advisors (7 years, 0 months)

Jim Whittington

Currently: Head of Responsible Investment and ex officio member of the Investment Stewardship Committee, Dimensional Fund Advisors (0 years, 11 months)
Previously: Senior Portfolio Manager and Vice President, Dimensional Fund Advisors (9 years, 3 months)

Nicholas Stewart

Currently: Executive Director, Stewart Financial Group Limited (19 years, 6 months)
Previously: Financial Adviser, Stewart Financial Group Limited (2 years, 9 months)

Don Stewart

Currently: Executive Director, Stewart Financial Group Limited (35 years, 0 months)
Previously: Financial Adviser, National Mutual Limited (12 years, 3 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Sept. 30th 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Markets Conduct Act 2013 and any associated regulations.

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.