Kiwi Wealth Balanced Fund

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.

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

A summary of this fund and its details.

Key Personnel

• Diana Gordon

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

• Nathan Field

  Currently: Portfolio Manager Equities - Kiwi Wealth Investments Limited Partnership (9 years, 10 months)
  Previously: Senior Equity Analyst - ABN Amro Sydney (4 years, 6 months)

• Simon O'Grady

  Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (7 years, 5 months)
  Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, 0 months)

• Steffan Berridge

  Currently: Senior Quantitative Strategist - Kiwi Wealth Investments Limited Partnership (6 years, 6 months)
  Previously: Portfolio Manager - MAN Group PLC (9 years, 0 months)

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

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

• Westpac NZD Account
  New Zealand Cash and Equivalents AA-
  4.79%
• Landwirtschaftliche Rentenbank 23/4/2024
  Germany Int Fixed Interest AAA
  1.97%
• New Zealand Local Government Funding Agency Bond 14/4/2033
  New Zealand NZ Fixed Interest AA+
  1.77%
• Apple Inc.
  United States International Equities
  1.7%
• Microsoft Corp
  United States International Equities
  1.61%
• Amazon.Com Inc
  United States International Equities
  1.38%
• Kommunalbanken As 20/8/2025
  Norway Int Fixed Interest AAA
  1.37%
• Gmo Systematic Global Macro Trust
  Australia Other
  1.35%
• New Zealand Local Government Funding Agency Bond 15/4/2027
  New Zealand NZ Fixed Interest AA+
  1.31%
• Housing New Zealand Ltd 18/10/2028
  New Zealand NZ Fixed Interest AA+
  1.3%

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

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

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30 June 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:
  0.82%
• Animal Testing:
  5.77%
• Fossil Fuels:
  3.02%
• Gambling:
  0.17%
• GMOs:
  0.38%
• Human Rights & Environmental Violations:
  1.79%
• Palm Oil:
  0.01%
• Tobacco:
  0.00%
• Weapons:
  0.42%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue June 30th 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 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 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 the returns you would receive from investing 45% of your funds in New Zealand fixed interest assets and cash and 55% in global shares through active allocation and active selection of shares and other growth assets fixed interest and cash assets."

Download the fund's disclosure statement and portfolio holdings.

• Product Disclosure Statement (PDS) v
• Responsible Investment Policy v
• Portfolio holdings v