Booster Asset Class Balanced Fund

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Not Mindful
Type: Balanced fund
Past Returns: *-2.17%

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

Annual Fees: 1.22%

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

Agl Energy Ltd 0.01%
American Electric Power 0.02%
Apa Group 0.02%
Beach Energy Ltd 0.02%
BHP Group Ltd 0.12%
BHP Group PLC 0.01%
BP PLC 0.08%
Caltex Australia Ltd 0.02%
Canadian Natl Resources 2.890000% 08/14/2020 0.01%
Canadian Natural Resources 0.01%
Cez As 0.02%
Chevron Corp 0.15%
Chevron Corp 2.954000% 05/16/2026 0.04%
China Petroleum & Chemical-H 0.07%
China Shenhua Energy Co-H 0.04%
Cnooc Ltd 0.10%
Cnooc Ltd-Spon Adr 0.01%
Conocophillips 0.06%
Conocophillips Company 4.950000% 03/15/2026 0.01%
Dominion Energy Gas Hldg 3.600000% 12/15/2024 0.02%
Dominion Energy Inc 0.02%
Enbridge Inc 0.01%
Enbridge Inc 3.700000% 07/15/2027 0.02%
Engie 0.02%
Eni Spa 0.02%
Eog Resources Inc 0.05%
Eog Resources Inc 3.150000% 04/01/2025 0.01%
Equinor Asa 0.01%
Equinor Asa 0.875000% 02/17/2023 0.05%
Equinor Asa 2.000000% 09/10/2020 0.02%
Equinor Asa 3.625000% 09/10/2028 0.15%
Equinor Asa 3.700000% 03/01/2024 0.07%
Equinor Asa 6.875000% 03/11/2031 0.16%
Evergy Inc 4.850000% 06/01/2021 0.03%
Exxon Mobil Corp 0.17%
Exxon Mobil Corporation 2.709000% 03/06/2025 0.06%
Gail India Ltd 0.01%
Gazprom PJSC-Spon Adr 0.07%
Gs Holdings 0.01%
Husky Energy Inc 3.600000% 03/10/2027 0.02%
Kinder Morgan Inc 0.05%
Kunlun Energy Co Ltd 0.01%
Lukoil PJSC-Spon Adr 0.10%
Marathon Petroleum Corp 0.01%
Misc Bhd 0.01%
Mol Hungarian Oil and Gas Pl 0.02%
Nextera Energy Inc 0.06%
Origin Energy Ltd 0.01%
Petrobras - Petroleo Bras 0.06%
Petrobras - Petroleo Bras-Pr 0.08%
Petrochina Co Ltd-H 0.05%
Phillips 66 0.02%
Polski Koncern Naftowy Orlen 0.03%
Ptt Exploration & Prod-For 0.01%
Ptt Pcl/Foreign 0.06%
Reliance Industries Ltd 0.30%
Royal Dutch Shell PLC-A Shs 0.05%
Royal Dutch Shell PLC-B Shs 0.03%
Royal Dutch Shell-Spon Adr-A 0.05%
Royal Dutch Shell-Spon Adr-B 0.04%
Santos Ltd 0.02%
Sk Innovation Co Ltd 0.03%
South32 Ltd 0.02%
Suncor Energy Inc 0.02%
Total Capital Canada Ltd 1.125000% 03/18/2022 0.03%
Total Capital Canada Ltd 1.875000% 07/09/2020 0.06%
Total Capital Intl SA 2.125000% 03/15/2023 0.12%
Total Capital Intl SA 2.875000% 02/17/2022 0.06%
Total Capital Intl SA 4.250000% 11/26/2021 0.02%
Total Capital SA 3.883000% 10/11/2028 0.08%
Total Capital SA 4.450000% 06/24/2020 0.03%
Total SA 0.15%
Valero Energy Corp 0.03%
Wec Energy Group Inc 0.01%
Whitehaven Coal Ltd 0.01%
Woodside Petroleum Ltd 0.03%
Xcel Energy Inc 0.01%

Weapons

Airbus Se 0.02%
Bae Systems PLC 0.01%
Boeing Co/The 0.04%
General Dynamics Corp 0.03%
Honeywell International Inc 0.06%
L3Harris Technologies Inc 0.01%
Larsen & Toubro Ltd 0.03%
Leidos Holdings Inc 0.02%
Lockheed Martin Corp 0.05%
Lockheed Martin Corp 3.550000% 01/15/2026 0.02%
Northrop Grumman Corp 0.02%
Precision Castparts Corp 3.250000% 06/15/2025 0.02%
Raytheon Company 0.02%
Rolls-Royce PLC 1.625000% 05/09/2028 0.04%
Rolls-Royce PLC 3.375000% 06/18/2026 0.04%
United Technologies Corp 0.09%
United Technologies Corp 7.500000% 09/15/2029 0.01%

Tobacco

Altria Group Inc 0.05%
British American Tobacco PLC 0.04%
Philip Morris International 0.05%
Philip Morris Intl Inc 2.875000% 05/14/2029 0.13%

Gambling

Aristocrat Leisure Ltd 0.02%
Crown Resorts Ltd 0.01%
Tabcorp Holdings Ltd 0.01%

Alcohol

Altria Group Inc 0.05%
Anheuser-Busch Inbev SA/ 1.950000% 09/30/2021 0.03%
Anheuser-Busch Inbev SA/ 2.000000% 03/17/2028 0.03%
Anheuser-Busch Inbev SA/Nv 0.03%
Anheuser-Busch Inbev Wor 3.750000% 09/06/2024 0.06%
Anheuser-Busch Inbev Wor 4.000000% 04/13/2028 0.04%
Carlsberg As-B 0.02%
Constellation Brands Inc-A 0.01%
Diageo PLC 0.03%
Heineken Nv 0.01%
LVMH Moet Hennessy Louis Vui 0.08%
Metcash Ltd 0.02%

Palm Oil

Genting Bhd 0.01%
Posco 0.08%

GMOs

Bayer AG-Reg 0.05%
Bayer Capital Corp Bv 2.125000% 12/15/2029 0.04%
Dupont De Nemours Inc 0.01%
Novartis AG-Reg 0.15%
Novartis Capital Corp 3.100000% 05/17/2027 0.02%
Novartis Finance SA 0.500000% 08/14/2023 0.07%
Novartis Finance SA 0.625000% 09/20/2028 0.04%

Human Rights & Environmental Violations

Archer-Daniels-Midland C 1.750000% 06/23/2023 0.02%
Archer-Daniels-Midland Co 0.02%
BHP Group Ltd 0.13%
BHP Group PLC 0.01%
Chevron Corp 0.15%
Duke Energy Corp 0.02%
Genting Bhd 0.01%
Grupo Mexico Sab De Cv-Ser B 0.05%
Johnson & Johnson 0.19%
Nestle Finance Intl Ltd 0.750000% 05/16/2023 0.01%
Nestle Finance Intl Ltd 0.750000% 11/08/2021 0.02%
Nestle SA-Reg 0.21%
Petrochina Co Ltd-H 0.05%
Posco 0.08%
Rio Tinto Finance PLC 4.000000% 12/11/2029 0.02%
Rio Tinto Ltd 0.06%
Rio Tinto PLC 0.03%
Royal Dutch Shell PLC-A Shs 0.05%
Royal Dutch Shell PLC-B Shs 0.03%
Royal Dutch Shell-Spon Adr-A 0.05%
Royal Dutch Shell-Spon Adr-B 0.04%
Vale SA 0.21%

Animal Testing

Air Liquide SA 0.040%
Air Products & Chemicals Inc 0.040%
Albemarle Corp 4.150000% 12/01/2024 0.010%
Altria Group Inc 0.050%
Archer-Daniels-Midland C 1.750000% 06/23/2023 0.020%
Archer-Daniels-Midland Co 0.020%
Bayer AG-Reg 0.050%
Bayer Capital Corp Bv 2.125000% 12/15/2029 0.040%
British American Tobacco PLC 0.040%
Chevron Corp 0.150%
Coca-Cola Co/The 0.100%
Coca-Cola Co/The 0.750000% 03/09/2023 0.040%
Coca-Cola Co/The 1.125000% 03/09/2027 0.040%
Colgate-Palmolive Co 0.020%
Colgate-Palmolive Co 1.375000% 03/06/2034 0.020%
Colgate-Palmolive Co 3.250000% 03/15/2024 0.020%
Danone 0.020%
Ecolab Inc 0.010%
Ecolab Inc 4.350000% 12/08/2021 0.030%
Estee Lauder Companies-Cl A 0.010%
Far Eastern New Century Corp 0.020%
General Mills Inc 0.030%
Glaxosmithkline Capital 3.375000% 12/20/2027 0.010%
Glaxosmithkline Capital 5.250000% 12/19/2033 0.130%
Glaxosmithkline PLC 0.050%
Glaxosmithkline PLC-Spon Adr 0.010%
Honeywell International Inc 0.050%
Johnson & Johnson 0.190%
Kimberly-Clark Corp 0.010%
Koninklijke Dsm Nv 0.010%
L'Oreal 0.020%
LVMH Moet Hennessy Louis Vui 0.080%
Nestle Finance Intl Ltd 0.750000% 05/16/2023 0.010%
Nestle Finance Intl Ltd 0.750000% 11/08/2021 0.020%
Nestle Finance Intl Ltd 1.250000% 05/04/2020 0.010%
Nestle SA-Reg 0.210%
Pepsico Inc 0.100%
Pepsico Inc 2.750000% 03/01/2023 0.010%
Philip Morris International 0.060%
Procter & Gamble Co/The 0.160%
Procter & Gamble Co/The 1.800000% 05/03/2029 0.030%
Reckitt Benckiser Group PLC 0.010%
Royal Dutch Shell PLC-A Shs 0.050%
Royal Dutch Shell PLC-B Shs 0.030%
Royal Dutch Shell-Spon Adr-A 0.050%
Royal Dutch Shell-Spon Adr-B 0.040%
Tesco PLC 0.010%
Unilever N V -Ny Shares 0.010%
Unilever Nv 0.020%
Unilever Nv 1.625000% 02/12/2033 0.040%
Unilever PLC 0.020%
Walgreens Boots Alliance 3.800000% 11/18/2024 0.010%
Walgreens Boots Alliance Inc 0.060%

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 March 31st 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.

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% -7.66%
2019 5.68% 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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • DFA Global Bond Trust – NZD Hedged
    Australia Fund
    24.54%
  • DFA Global Core Equity Trust – NZD Hedged
    Australia Fund
    18.16%
  • DFA Five Year Diversified Fixed Interest Trust – NZD Hedged
    Australia Fund
    13.42%
  • DFA Global Large Company Trust
    Australia Fund
    8.59%
  • DFA Emerging Markets Trust
    Australia Fund
    8.55%
  • NZ Core Equity Trust
    New Zealand Fund
    8.4%
  • DFA Global Value Trust
    Australia Fund
    5.12%
  • DFA Global Real Estate Trust - NZD Hedged Class Units
    Australia Fund
    5.11%
  • DFA Global Small Company Trust
    Australia Fund
    3.51%
  • DFA Australian Core Equity Trust
    Australia Fund
    2.91%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 1.0% 1.7%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 39.0% 37.95%
Australasian Equities 11.0% 11.31%
International Equities 44.0% 43.92%
Listed Properties 5.0% 5.12%
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 Tue June 30th 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:
    0.57%
  • Animal Testing:
    2.95%
  • Fossil Fuels:
    4.64%
  • Gambling:
    0.19%
  • GMOs:
    0.52%
  • Human Rights & Environmental Violations:
    1.74%
  • Palm Oil:
    0.17%
  • Tobacco:
    0.36%
  • Weapons:
    0.88%

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 March 31st 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 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 $17M NZD
Period of data report Tue June 30th 2020
Members 629
Fund started Fri Sept. 29th 2017
Total annual fund fees 1.22%
Total performance based fees 0.0%
Manager's basic fee 1.22%
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 (4 years, 10 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 (1 years, 4 months)
Previously: Co-Head of Portfolio Management and Vice President, Dimensional Fund Advisors (7 years, 9 months)

Joseph Chi

Currently: Head of Responsible Investment and ex officio member of the Corporate Governance Committee, Dimensional Fund Advisors (0 years, 8 months)
Previously: Ex officio member of the Investment Committee, Dimensional Fund Advisors (0 years, 11 months)

Nicholas Stewart

Currently: Executive Director, Stewart Financial Group Limited (18 years, 1 months)
Previously: Wealth Manager, Stewart Financial Group Limited (1 years, 9 months)

Don Stewart

Currently: Executive Director, Stewart Financial Group Limited (33 years, 6 months)
Previously: Financial Adviser, National Mutual Limited (13 years, 8 months)

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