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:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

    • Meta Platforms, Inc. 0.53%
    • Johnson & Johnson 0.16%
    • Rio Tinto 0.16%
    • Nestlé 0.10%
    • Wells Fargo 0.10%
    • Thermo Fisher Scientific 0.09%
    • Caterpillar 0.08%
    • Uber Technologies, Inc. 0.06%
    • Palantir Technologies 0.04%
    • Ubs 0.04%
    • Motorola Solutions Inc 0.03%
    • Glencore 0.02%
    • Saudi Aramco 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Grupo México S.A.B. De C.V. 0.01%
    • Petrochina Co Ltd 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • BHP Group 0.63% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Chevron Corp. 0.11% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Shell 0.09% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Duke Energy Corp 0.04%
    • 3M 0.03%
    • Freeport-Mcmoran Inc 0.03%
    • Basf Se 0.02%
    • Corteva, Inc. 0.02%
    • Glencore 0.02%
    • Pg&E Corp 0.02%
    • Posco 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Vale SA 0.02%
    • Archer-Daniels Midland 0.01%
    • Barrick Gold 0.01%
    • Bayer 0.01%
    • Ntpc Ltd. 0.01%
    • Nutrien Ltd. 0.01%
    • Exxon Mobil Corp. 0.22% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Procter & Gamble Co. 0.17%
    • Chevron Corp. 0.11% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Shell 0.09% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • LVMH Moët Hennessy Louis Vuitton Se 0.08%
    • Unilever PLC 0.08%
    • Reliance Industries Ltd. 0.06% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Air Liquide 0.04%
    • L'Oréal SA 0.04%
    • The Sherwin-Williams Co. 0.04%
    • 3M 0.03%
    • Colgate-Palmolive Co. 0.03%
    • Ecolab, Inc. 0.03%
    • Hermès International Sca 0.03%
    • Shin-Etsu Chemical Co., Ltd. 0.03%
    • Basf Se 0.02%
    • Corteva, Inc. 0.02%
    • Eni Spa 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Givaudan SA 0.02%
    • Kimberly-Clark Corp. 0.02%
    • Orica Ltd. 0.02%
    • Bayer 0.01%
    • Church & Dwight Co., Inc. 0.01%
    • Dow, Inc. 0.01%
    • Dupont De Nemours 0.01%
    • Henkel AG & Co. Kgaa 0.01%
    • International Flavors & Fragrances, Inc. 0.01%
    • Itc Ltd. 0.01%
    • Koninklijke Ahold Delhaize Nv 0.01%
    • Nutrien Ltd. 0.01%
    • Otsuka Holdings Co., Ltd. 0.01%
    • PPG Industries, Inc. 0.01%
    • Sabic 0.01%
    • Walmart, Inc. 0.15%
    • Amphenol Corp. 0.03%
    • Safran SA 0.03%
    • Transdigm Group, Inc. 0.03%
    • Howmet Aerospace, Inc. 0.02%
    • Larsen & Toubro Ltd. 0.02%
    • Rolls-Royce Holdings PLC 0.02%
    • Daikin Industries Ltd. 0.01%
    • Heico Corp. 0.01%
    • BHP Group 0.63% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Contact Energy Ltd. 0.62% 1.5°C
      This company is on a 1.5°C pathway
    • Exxon Mobil Corp. 0.22% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Rio Tinto 0.16%
    • Woodside Energy Group Ltd. 0.13% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Chevron Corp. 0.11% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Shell 0.09% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Nextera Energy, Inc. 0.07%
    • Reliance Industries Ltd. 0.06% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Santos Ltd. 0.06% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Totalenergies Se 0.06% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Conocophillips 0.05% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Origin Energy 0.05% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • South32 Ltd. 0.05%
    • Constellation Energy Corp. 0.04%
    • Duke Energy Corp 0.04%
    • Enbridge, Inc. 0.04% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Iberdrola 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • The Southern Co. 0.04%
    • Apa Group 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • BP 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Canadian Natural Resources Ltd. 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Enel 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Eog Resources, Inc. 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Itochu Corp. 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Mitsubishi Corp. 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • National Grid PLC 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Petrobras 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • The Williams Cos., Inc. 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Agl Energy Ltd. 0.02%
    • American Electric Power Co., Inc. 0.02%
    • Ampol Ltd. 0.02%
    • Cheniere Energy, Inc. 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Consolidated Edison, Inc. 0.02%
    • Dominion Energy, Inc. 0.02%
    • Eni Spa 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Glencore 0.02%
    • Hess Corp. 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Kinder Morgan, Inc. 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Marathon Petroleum Corp. 0.02%
    • Mitsui & Co., Ltd. 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Oneok, Inc. 0.02%
    • Orica Ltd. 0.02%
    • Pg&E Corp 0.02%
    • Phillips 66 0.02%
    • Posco 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Public Service Enterprise Group, Inc. 0.02%
    • Saudi Aramco 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Sempra Energy 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Suncor Energy, Inc. 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Tc Energy Corp. 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Vale SA 0.02%
    • Valero Energy Corp. 0.02%
    • Vistra Energy 0.02%
    • Washington H. Soul Pattinson & Co. Ltd. 0.02%
    • Whitehaven Coal Ltd. 0.02%
    • Xcel Energy, Inc. 0.02%
    • Acwa Power 0.01%
    • Ameren Corp. 0.01%
    • Barrick Gold 0.01%
    • China Shenhua Energy 0.01%
    • Devon Energy Corp. 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Diamondback Energy, Inc. 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Dte Energy Co. 0.01%
    • E.On Se 0.01%
    • Engie SA 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Entergy Corp. 0.01%
    • Fairfax Financial Holdings Ltd. 0.01%
    • Firstenergy Corp. 0.01%
    • Fortis, Inc. 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Franco-Nevada Corp. 0.01%
    • Grupo Financiero Inbursa Sab De Cv 0.01%
    • Grupo México S.A.B. De C.V. 0.01%
    • Halliburton Co. 0.01%
    • Ntpc Ltd. 0.01%
    • Occidental Petroleum Corp. 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Pembina Pipeline Corp. 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Petrochina Co Ltd 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Ppl Corp. 0.01%
    • Targa Resources Corp. 0.01%
    • Wec Energy Group, Inc. 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. 2024 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

The Balanced Fund is part of the Focus Series range of funds. The fund is suited to investors who seek a medium level of returns on average over medium term periods (five years plus), allowing for shorter-term ups and downs. We aim to achieve this by investing in a mix of income and growth assets. We utilise a mainly passive approach for the Focus Series.

Value $34.8M NZD
Period of data report 30th Sept. 2024
Fund started 14th Sept. 2015
Total annual fund fees 0.73%
Total performance based fees 0.0%
Manager's basic fee 0.65%
Other management and administration charges 0.08%
Total other charges 0.0
Total other charges currency NZD

Nic Craven

Currently: Chief Investment Officer, Booster Financial Services Limited (3 years, 2 months)
Previously: Senior Manager - Research, Booster Financial Services Limited (3 years, 2 months)

David Beattie

Currently: Chair of the Investment Committee, Booster Investment Management Limited (5 years, 7 months)
Previously: CIO, Booster Financial Services Limited (17 years, 6 months)

Brendon Doyle

Currently: Investment Committee Member, Booster Investment Management Limited (0 years, 1 months)
Previously: Director of Direct Investments, Booster Financial Services Limited (7 years, 0 months)

Aaron Usher

Currently: Portfolio Strategy Manager, Booster Financial Services Limited (3 years, 2 months)
Previously: Portfolio Manager - Australasian Equities, Booster Financial Services Limited (3 years, 8 months)

Rowan Calvert

Currently: Portfolio Manager - Global Equities, Booster Financial Services Limited (6 years, 11 months)
Previously: Senior Equity Analyst, Booster Financial Services Limited (7 years, 4 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2024.

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
2024 9.61% 9.73%
2023 -2.59% -2.67%
2022 1.06% 1.62%
2021 18.16% 18.25%
2020 -1.83% -2.62%
2019 4.49% 6.4%
2018 4.41% 4.4%
2017 5.71% 6.87%

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 30th Sept. 2024.

Top 10 Investments

  • Vanguard Int'L Shares Select Exclusions Fund - NZD Hgd
    Australia Fund
    16.87%
  • Vanguard Ethically Conscious Gbl Agg Bond Index Fund NZD Hgd
    Australia Fund
    15.92%
  • Vanguard Int'L Shares Select Exclusions Index Fund
    Australia Fund
    11.65%
  • Ishares Core S&P/ASX 200 ETF
    Australia Fund
    6.78%
  • Vanguard Emerging Markets Share Index Fund
    Australia Fund
    5.17%
  • NZ Cash (BNZ Bank Trust Account)
    New Zealand Cash and Equivalents A-1+
    2.56%
  • Vanguard Int'L Prop Sec. Index Fund (AUD Hgd)
    Australia Fund
    1.9%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    1.84%
  • Metrics Secured Private Debt Fund Ii
    Australia Fund
    1.39%
  • NZ Govt Stock 4.50% 15/05/2035
    New Zealand NZ Fixed Interest AAA
    1.17%
Type Target Actual
Cash and Cash Equivalents 2.0% 5.57%
New Zealand Fixed Interest 19.0% 15.45%
International Fixed Interest 19.0% 19.03%
Australasian Equities 20.0% 13.5%
International Equities 33.0% 40.84%
Listed Properties 3.0% 3.65%
Unlisted Properties 4.0% 1.96%
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.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2024.