Kiwi Wealth Balanced Fund

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Fund type: Balanced fund

Past Returns: 8.11%

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

Annual Fees: 0.84%

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

Anglo American PLC 0.07%
BHP Group Ltd 0.04%
Cheniere Energy Inc 0.08%
Delek US Holdings Inc 0.01%
Dominion Energy Inc 0.09%
Glencore PLC 0.04%
Idemitsu Kosan Co Ltd 0.05%
Itochu Corp 0.02%
Jefferies Financial Group Inc 0.06%
Kinder Morgan Inc/De 0.01%
Marubeni Corp 0.01%
Mitsubishi Corp 0.01%
Oneok Inc 0.10%
Oneok Partners Lp 4.9% 15 Mar 25 15/3/2025 0.02%
Oneok Partners Lp 5% 15 Sep 23 15/9/2023 0.02%
Pbf Energy Inc 0.03%
Tc Energy Corp 0.01%
Teck Resources Ltd 0.03%
Williams Cos Inc/The 0.01%
Williams Cos Inc/The 4.5% 15 Nov 23 15/11/2023 0.16%

Weapons

Amphenol Corp 0.14%
Teledyne Technologies Inc 0.16%

Tobacco

Gambling

Aristocrat Leisure Ltd 0.03%
Skycity Entertainment Group Ltd 3.02% 21 May 27 21/5/2027 0.12%
Vici Properties Inc 0.10%
William Hill PLC 4.875% 07 Sep 23 7/9/2023 0.12%

Adult Entertainment/Pornography

Live Nation Entertainment Inc 0.06%

Alcohol

Carlsberg A/S 0.01%
China Resources Beer Holdings Co Ltd 0.03%
Constellation Brands Inc 0.02%
Diageo PLC 0.03%
Kirin Holdings Co Ltd 0.04%
LVMH Moet Hennessy Louis Vuitton Se 0.64%
Pernod Ricard SA 0.04%

GMOs

Corteva Inc 0.11%

Human Rights & Environmental Violations

BHP Group Ltd 0.04%
Chemours Co/The 0.02%
Evergreen Marine Corp Taiwan Ltd 0.04%
Glencore PLC 0.04%
Johnson & Johnson 0.13%
Johnson & Johnson 0.55% 01 Sep 25 1/9/2025 0.04%
Johnson & Johnson 0.65% 20 May 24 20/5/2024 0.23%
Johnson & Johnson 2.9% 15 Jan 28 15/1/2028 0.01%
Mattel Inc 5.875% 15 Dec 27 15/12/2027 0.06%
Nestle Holdings Inc 1% 15 Sep 27 15/9/2027 0.10%
Nestle SA 0.39%
Rio Tinto Ltd 0.01%
Rio Tinto PLC 0.03%
Uber Technologies Inc 0.02%

Animal Testing

Air Liquide Finance SA 2.5% 27 Sep 26 27/9/2026 0.15%
Air Liquide SA 0.03%
Akzo Nobel Nv 0.01%
Archer-Daniels-Midland Co 0.10%
Ashland Global Holdings Inc 0.04%
Chemours Co/The 0.02%
Cj Cheiljedang Corp 0.02%
Coca-Cola Co/The 0.27%
Corteva Inc 0.11%
Covestro AG 0.02%
Danone SA 3% 15 Jun 22 15/6/2022 0.02%
Dupont De Nemours Inc 0.01%
Eastman Chemical Co 0.02%
Estee Lauder Cos Inc/The 0.11%
Givaudan SA 0.08%
Glaxosmithkline PLC 0.02%
Hermes International 0.11%
Hp Inc 0.10%
Idemitsu Kosan Co Ltd 0.05%
Johnson & Johnson 0.13%
Johnson & Johnson 0.55% 01 Sep 25 1/9/2025 0.04%
Johnson & Johnson 0.65% 20 May 24 20/5/2024 0.23%
Johnson & Johnson 2.9% 15 Jan 28 15/1/2028 0.01%
Kikkoman Corp 0.02%
Kimberly-Clark Corp 0.02%
Kirin Holdings Co Ltd 0.04%
Koninklijke Dsm Nv 0.01%
Kraft Heinz Foods Co 3.875% 15 May 27 15/5/2027 0.04%
Kumho Petrochemical Co Ltd 0.02%
L'Oreal SA 0.31%
LVMH Moet Hennessy Louis Vuitton Se 0.64%
Linde PLC 0.07%
Marubeni Corp 0.01%
Mondelez International Inc 0.16%
Mosaic Co/The 0.04%
Nestle Holdings Inc 1% 15 Sep 27 15/9/2027 0.10%
Nestle SA 0.39%
Nutrien Ltd 0.02%
PPG Industries Inc 0.02%
Pepsico Inc 0.30%
Petronas Chemicals Group Bhd 0.02%
Procter & Gamble Co/The 0.40%
Procter & Gamble Co/The 1.125% 02 Nov 23 2/11/2023 0.10%
Procter & Gamble Co/The 2.8% 25 Mar 27 25/3/2027 0.09%
Reckitt Benckiser Group PLC 0.02%
Shin-Etsu Chemical Co Ltd 0.02%
Unicharm Corp 0.02%
Unilever PLC 0.02%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 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.

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 0.34% 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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • Westpac NZD Account
    New Zealand Cash and Equivalents AA-
    5.46%
  • Apple Inc
    United States International Equities
    2.6%
  • Microsoft Corp
    United States International Equities
    2.51%
  • Alphabet Inc
    United States International Equities
    1.8%
  • Amazon.Com Inc
    United States International Equities
    1.56%
  • New Zealand Local Government Funding Agency Bond 3.5% 14/4/2033
    New Zealand NZ Fixed Interest AAA
    1.35%
  • New Zealand Local Government Funding Agency Bond 4.5% 15/4/2027
    New Zealand NZ Fixed Interest AAA
    1.19%
  • New Zealand Local Government Funding Agency Bond 1.5% 20/4/2029
    New Zealand NZ Fixed Interest AAA
    1.1%
  • Kainga Ora 3.42% 18/10/2028
    New Zealand NZ Fixed Interest AAA
    1.03%
  • Kommunalbanken As 4% 20/8/2025
    Norway Int Fixed Interest AAA
    1.02%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 22.5% 9.24%
New Zealand Fixed Interest 22.5% 14.97%
International Fixed Interest 0.0% 19.42%
Australasian Equities 0.0% 0.63%
International Equities 55.0% 51.78%
Listed Properties 0.0% 2.14%
Unlisted Properties 0.0% 0.0%
Other 0.0% 1.82%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 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).

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:
    0.06%
  • Alcohol:
    0.85%
  • Animal Testing:
    4.68%
  • Fossil Fuels:
    0.93%
  • Gambling:
    0.39%
  • GMOs:
    0.11%
  • Human Rights & Environmental Violations:
    1.18%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.01%
  • Weapons:
    0.32%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 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 the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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.

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 $160M NZD
Period of data report Thu March 31st 2022
Fund started Tue July 31st 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: Acting Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (0 years, 4 months)
Previously: Head of Quantitative Investment - Kiwi Wealth Investments Limited Partnership (8 years, 2 months)

Diana Gordon

Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (9 years, 7 months)
Previously: Senior High Yield Portfolio Manager, Goldman Sachs Asset Management, New York (10 years, 10 months)

Nathan Field

Currently: Head of Thematic Equities - Kiwi Wealth Investments Limited Partnership (11 years, 10 months)
Previously: Senior Equity Analyst - ABN Amro, Sydney (4 years, 6 months)

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

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.