Funds

QuayStreet Balanced Fund

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Issues of concern

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.

Key:

  • Adult Entertainment/Pornography
  • Alcohol
  • Animal Cruelty
  • Fossil Fuels
  • Gambling
  • GMOs
  • Human Rights & Environmental Violations
  • Palm Oil
  • Tobacco
  • Weapons

Companies of concern

  • Fossil Fuel

    • Eog Resources 0.78%
    • BHP Billiton 0.73%
    • Exxon Mobil 0.70%
    • Santos 0.68%
    • Mitsui & Co 0.64%
    • Contact Energy 0.53%
    • Dte Energy 0.52%
    • Totalenergies 0.47%
    • Channel Infrastructure NZ (May 2027) 0.41%
    • Shell PLC 0.22%
    • South32 0.20%
    • Whitehaven Coal 0.12%
    • Reliance Worldwide 0.06%
    • Beach Energy 0.05%
    • Brickworks 0.05%
    • Channel Infrastructure NZ 0.03%

  • Weapons

    • Walmart 0.41%

  • Gambling

    • Aristocrat Leisure 0.41%
    • Mgm Resorts International 0.31%
    • Skycity Entertainment Group 0.16%
    • Jumbo Interactive 0.06%

  • Adult Entertainment/Pornography

    • Mgm Resorts International 0.31%

  • Alcohol

    • Diageo 0.51%
    • Delegat'S Group 0.06%
    • United Malt Grp 0.04%

  • Human Rights & Environmental Violations

    • Johnson & Johnson 0.92%
    • BHP Billiton 0.73%
    • Fmc Corp 0.45%
    • Nestle 0.42%
    • Meta Platforms 0.33%
    • Wells Fargo & Co 0.31%
    • Caterpillar 0.22%
    • Shell PLC 0.22%
    • Rio Tinto 0.07%

  • Animal Cruelty

    • Exxon Mobil 0.70%
    • Mondelez International 0.53%
    • LVMH Moet Hennessy Louis Vuitton 0.51%
    • Kimberly-Clark Corp 0.46%
    • Fmc Corp 0.45%
    • Nestle 0.42%
    • Air Liquide 0.33%
    • Procter and Gamble 0.33%
    • L'Oreal 0.27%
    • Shell PLC 0.22%
    • Dupont De Nemours 0.15%
    • Graincorp 0.08%
    • Reliance Worldwide 0.06%

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

About this fund

In their own words

The QuayStreet Balanced Fund invests in a diversified portfolio with a balance between fixed interest and growth assets. The investment objective is to provide a level of return above the fund’s benchmark over the long term.

Value $73M NZD
Period of data report 31st Dec. 2022
Members 1,620
Fund started 23rd Oct. 2007
Total annual fund fees 1.01%
Total performance based fees 0.0%
Manager's basic fee 0.97%
Other management and administration charges 0.04%
Total other charges 34.26
Total other charges currency NZD

Key Personnel

Andrew South

Currently: Director/Chief Investment Officer (1 years, 5 months)
Previously: Investment Manager Australasian Equities, QuayStreet Asset Management Limited (7 years, 1 months)

Roy Cross

Currently: Head of Fixed Interest (1 years, 5 months)
Previously: Senior Analyst, QuayStreet Asset Management Limited (7 years, 1 months)

Stefan Stevanovic

Currently: Head of International Equity (1 years, 5 months)
Previously: Senior Analyst, QuayStreet Asset Management Limited (7 years, 1 months)

Xavier Waterstone

Currently: Head of Research (1 years, 5 months)
Previously: Senior Analyst, QuayStreet Asset Management Limited (2 years, 11 months)

Craig Smith

Currently: Fixed Income Analyst (1 years, 5 months)
Previously: Senior Analyst, Melville Douglas Investment Management (5 years, 11 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.

Investment Exclusions

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 0.31%
Alcohol 0.61%
Animal Cruelty 4.54%
Fossil Fuels 6.43%
Gambling 0.95%
GMOs 0.00%
Human Rights & Environmental Violations 3.68%
Palm Oil 0.00%
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 30th Sept. 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.

Past Returns

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% 4.34%
2021 16.60% 14.82%
2020 -1.09% 0.54%
2019 5.56% 4.77%
2018 5.28% 5.71%
2017 5.86% 6.12%
2016 4.01% 4.65%
2015 11.09% 10.2%
2014 7.28% 3.21%
2013 10.75% 10.55%

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 31st Dec. 2022.

Top 10 Investments

  • Cash ANZNZ (NZD)
    New Zealand Cash and Equivalents AA-
    14.49%
  • Apple
    United States International Equities
    1.63%
  • Microsoft
    United States International Equities
    1.62%
  • Alphabet
    United States International Equities
    1.58%
  • NZ Govt Inflation Linked (Sep 2035)
    New Zealand NZ Fixed Interest AAA
    1.54%
  • CSL
    Australia Australasian Equities
    1.49%
  • NZ Govt Inflation Linked (Sep 2030)
    New Zealand NZ Fixed Interest AAA
    1.44%
  • Cash Citibank (USD)
    New Zealand Cash and Equivalents BBB+
    1.31%
  • Macquarie Group
    Australia Australasian Equities
    1.18%
  • Ebos Group
    New Zealand Australasian Equities
    1.11%
Type Target Actual
Cash and Cash Equivalents 10.0% 17.19%
New Zealand Fixed Interest 20.0% 17.95%
International Fixed Interest 10.0% 10.6%
Australasian Equities 20.0% 17.09%
International Equities 40.0% 36.72%
Listed Properties 0.0% 0.45%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

Investment Mix

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

Target

Actual

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.