Funds
Kiwi Wealth Balanced Fund
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
- Nextera Energy Inc 0.34%
- Williams Cos Inc/The 4.5% 15 Nov 23 15/11/2023 0.21%
- Cheniere Energy Inc 0.10%
- Contact Energy Ltd 3.55% 15 Aug 24 15/8/2024 0.09%
- Dominion Energy Inc 0.09%
- Valero Energy Corp 0.09%
- Rwe AG 0.07%
- Anglo American PLC 0.06%
- Centrica PLC 0.05%
- Clearway Energy Inc 0.05%
- BHP Group Ltd 0.04%
- Contact Energy Ltd 4.63% 15 Nov 22 15/11/2022 0.04%
- Iberdrola SA 0.04%
- Pbf Energy Inc 0.04%
- Sempra Energy 0.04%
- Delek US Holdings Inc 0.03%
- Ameren Corp 0.02%
- Contact Energy Ltd 4.33% 19 Nov 51 19/11/2051 0.02%
- Itochu Corp 0.02%
- Kinder Morgan Inc/De 0.02%
- Marubeni Corp 0.02%
- Mitsubishi Corp 0.02%
- Ptt Global Chemical Pcl 0.02%
- Tc Energy Corp 0.02%
- Atco Ltd/Canada 0.01%
- Kunlun Energy Co Ltd 0.01%
- Pembina Pipeline Corp 0.01%
- Williams Cos Inc/The 0.01%
Weapons
- Amphenol Corp 0.25%
- Walmart Inc 0.15%
- Dick'S Sporting Goods Inc 0.07%
Tobacco
- Alimentation Couche-Tard Inc 0.11%
Gambling
- Vici Properties Inc 0.15%
- Skycity Entertainment Group Ltd 3.02% 21 May 27 21/5/2027 0.13%
- Aristocrat Leisure Ltd 0.08%
Alcohol
- Constellation Brands Inc 4.35% 09 May 27 9/5/2027 0.21%
- Diageo Capital Bv 1.5% 08 Jun 29 8/6/2029 0.05%
- Diageo PLC 0.05%
- Pernod Ricard SA 0.04%
- Constellation Brands Inc 0.03%
- Kirin Holdings Co Ltd 0.03%
- Carlsberg A/S 0.02%
- Treasury Wine Estates Ltd 0.02%
- Asahi Group Holdings Ltd 0.01%
- Metcash Ltd 0.01%
Human Rights & Environmental Violations
- Thermo Fisher Scientific Inc 0.63%
- Nestle SA 0.39%
- Johnson & Johnson 0.35%
- Meta Platforms Inc 0.28%
- Johnson & Johnson 0.65% 20 May 24 20/5/2024 0.27%
- Meta Platforms Inc 3.5% 15 Aug 27 15/8/2027 0.22%
- Nestle Holdings Inc 4.125% 01 Oct 27 1/10/2027 0.21%
- Wells Fargo & Co 3.75% 24 Jan 24 24/1/2024 0.19%
- Nestle Holdings Inc 1% 15 Sep 27 15/9/2027 0.13%
- Uber Technologies Inc 0.11%
- Li Ning Co Ltd 0.09%
- Wells Fargo & Co 0.09%
- Mattel Inc 5.875% 15 Dec 27 15/12/2027 0.08%
- Johnson & Johnson 0.55% 01 Sep 25 1/9/2025 0.06%
- BHP Group Ltd 0.04%
- Chemours Co/The 0.04%
- Chemours Co/The 5.375% 15 May 27 15/5/2027 0.03%
- Rio Tinto PLC 0.03%
- Nutrien Ltd 0.02%
- Evergreen Marine Corp Taiwan Ltd 0.01%
- Johnson & Johnson 2.9% 15 Jan 28 15/1/2028 0.01%
- Motorola Solutions Inc 0.01%
- Rio Tinto Ltd 0.01%
Animal Cruelty
- LVMH Moet Hennessy Louis Vuitton Se 0.92%
- Procter & Gamble Co/The 0.59%
- Nestle SA 0.39%
- L'Oreal SA 0.31%
- Unilever Capital Corp 2.9% 05 May 27 5/5/2027 0.29%
- Pepsico Inc 0.28%
- Constellation Brands Inc 4.35% 09 May 27 9/5/2027 0.21%
- Nestle Holdings Inc 4.125% 01 Oct 27 1/10/2027 0.21%
- Pilgrim'S Pride Corp 5.875% 30 Sep 27 30/9/2027 0.21%
- Hermes International 0.20%
- Koninklijke Ahold Delhaize Nv 0.20%
- Air Liquide Finance SA 2.5% 27 Sep 26 27/9/2026 0.19%
- Estee Lauder Cos Inc/The 0.18%
- Mondelez International Inc 0.16%
- Nestle Holdings Inc 1% 15 Sep 27 15/9/2027 0.13%
- Procter & Gamble Co/The 2.8% 25 Mar 27 25/3/2027 0.12%
- Procter & Gamble Co/The 1.125% 02 Nov 23 2/11/2023 0.11%
- Coca-Cola Co/The 0.10%
- General Mills Inc 0.08%
- Ashland Global Holdings Inc 0.07%
- Cie Financiere Richemont SA 0.07%
- Darling Ingredients Inc 5.25% 15 Apr 27 15/4/2027 0.06%
- Mowi Asa 0.05%
- Chemours Co/The 0.04%
- Cj Cheiljedang Corp 0.04%
- Kraft Heinz Foods Co 3.875% 15 May 27 15/5/2027 0.04%
- Air Liquide SA 0.03%
- Chemours Co/The 5.375% 15 May 27 15/5/2027 0.03%
- Chr Hansen Holding A/S 0.03%
- Colgate-Palmolive Co 0.03%
- Constellation Brands Inc 0.03%
- Kering SA 0.03%
- Kimberly-Clark Corp 0.03%
- PPG Industries Inc 0.03%
- Petronas Chemicals Group Bhd 0.03%
- Akzo Nobel Nv 0.02%
- Daikin Industries Ltd 0.02%
- Eastman Chemical Co 0.02%
- Koninklijke Dsm Nv 0.02%
- Mitsubishi Corp 0.02%
- Nutrien Ltd 0.02%
- Ptt Global Chemical Pcl 0.02%
- Sgs SA 0.02%
- Unilever PLC 0.02%
- Asahi Group Holdings Ltd 0.01%
- Danone SA 0.01%
- Denso Corp 0.01%
- Dupont De Nemours Inc 0.01%
- Kao Corp 0.01%
- Mosaic Co/The 0.01%
- Nippon Paint Holdings Co Ltd 0.01%
- Pilgrim'S Pride Corp 0.01%
- Ping An Insurance Group Co Of China Ltd 0.01%
- Tesco PLC 0.01%
This data is compiled by Mindful Money from the fund information and portfolios
that each 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 Balanced Fund is invested up to 70% in shares and other growth assets, with the remainder in cash and fixed interest assets. Its objective is to exceed over the relevant timeframe the returns you would receive from investing 45% of your funds in New Zealand fixed interest and cash assets and 55% in global shares, through active asset allocation and active selection of shares, fixed interest and cash assets.
| Value | $130M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 31st July 2018 |
| Total annual fund fees | 0.84% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.79% |
| Other management and administration charges | 0.05% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Steffan Berridge |
Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (1 years, 1 months) |
|
Diana Gordon |
Currently: Deputy Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (0 years, 6 months) |
|
Nathan Field |
Currently: Head of Thematic Equities - Kiwi Wealth Investments Limited Partnership (12 years, 7 months) |
This information has been sourced from the quarterly data that each 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 | 0.00% | |
| Alcohol | 0.50% | |
| Animal Cruelty | 5.89% | |
| Fossil Fuels | 1.66% | |
| Gambling | 0.37% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 3.33% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.11% | |
| Weapons | 0.48% |
This data is compiled by Mindful Money from the fund information and portfolios
that each 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
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 | 0.34% | 3.11% |
| 2021 | 17.46% | 22.29% |
| 2020 | -1.59% | -1.07% |
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 fund has filed with Disclose register to 31st Dec. 2022.
Top 10 Investments
-
Westpac NZD Account
New Zealand Cash and Equivalents AA-3.62% -
Microsoft Corp
United States International Equities2.66% -
Apple Inc
United States International Equities2.25% -
New Zealand Local Government Funding Agency Bond 3.5% 14/4/2033
New Zealand NZ Fixed Interest AAA1.34% -
New Zealand Local Government Funding Agency Bond 4.5% 15/4/2027
New Zealand NZ Fixed Interest AAA1.24% -
Alphabet Inc
United States International Equities1.16% -
New Zealand Local Government Funding Agency Bond 1.5% 20/4/2029
New Zealand NZ Fixed Interest AAA1.14% -
Kainga Ora 3.42% 18/10/2028
New Zealand NZ Fixed Interest AAA1.08% -
Transpower New Zealand Ltd 1.735% 4/9/2025
New Zealand NZ Fixed Interest AA1.03% -
Kommunalbanken As 1.25% 2/7/2030
Norway Int Fixed Interest AAA1.02%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 10.0% | 5.09% |
| New Zealand Fixed Interest | 35.0% | 13.16% |
| International Fixed Interest | 0.0% | 25.17% |
| Australasian Equities | 0.0% | 0.83% |
| International Equities | 55.0% | 52.21% |
| Listed Properties | 0.0% | 1.83% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 1.71% |
| 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 fund has filed with Disclose register to 31st Dec. 2022.