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-Class A 0.36%
    • Johnson & Johnson 0.19%
    • Nestle SA-Reg 0.16%
    • Rio Tinto Ltd 0.15%
    • Thermo Fisher Scientific 0.09%
    • Wells Fargo & Co 0.08%
    • Caterpillar Finl Service 0.06%
    • Rio Tinto PLC-Spon Adr 0.04%
    • Uber Technologies Inc 0.04%
    • Glencore PLC 0.03%
    • Motorola Solutions Inc 0.02%
    • Petrochina Co Ltd-A 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 Ltd 0.78% !!
      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 0.14% !!
      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 PLC 0.12% !!
      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%
    • Vale SA 0.04%
    • 3M Co 0.03%
    • Freeport-Mcmoran Inc 0.03%
    • Glencore PLC 0.03%
    • Archer-Daniels-Midland Co 0.02%
    • Basf Se 0.02%
    • Bayer AG-Reg 0.02%
    • Corteva Inc 0.01%
    • Exxon Mobil Corp 0.23% !!
      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/The 0.19%
    • Chevron Corp 0.14% !!
      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 PLC 0.12% !!
      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 Moet Hennessy Vuitt 0.11%
    • 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
    • Unilever PLC 0.06%
    • 3M Co 0.03%
    • Air Liquide SA 0.03%
    • Colgate-Palmolive Co 0.03%
    • Hermes International 0.03%
    • L'Oreal 0.03%
    • Sherwin-Williams Co 0.03%
    • Shin-Etsu Chemical Co Ltd 0.03%
    • Basf Se 0.02%
    • Bayer AG-Reg 0.02%
    • Ecolab 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
    • Hindustan Unilever Ltd 0.02%
    • Kimberly-Clark Corp 0.02%
    • Orica Ltd 0.02%
    • Asian Paints Ltd 0.01%
    • Corteva Inc 0.01%
    • Dow Inc 0.01%
    • Dupont De Nemours Inc 0.01%
    • Itc Ltd 0.01%
    • Walmart Inc 0.13%
    • Amphenol Corp 0.03%
    • Safran SA 0.03%
    • Brookfield Corp 0.02%
    • Larsen & Toubro Ltd 0.02%
    • Transdigm Inc 0.02%
    • Daikin Industries Ltd 0.01%
    • L3Harris Technologies Inc 0.01%
    • BHP Group Ltd 0.78% !!
      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 0.67% 1.5°C
      This company is on a 1.5°C pathway
    • Exxon Mobil Corp 0.23% !!
      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
    • Woodside Energy Group Ltd 0.20% !!
      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 Ltd 0.15%
    • Chevron Corp 0.14% !!
      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 PLC 0.12% !!
      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 0.08% !!
      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 0.08% !!
      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 0.07% !!
      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 PLC 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
    • Nextera Energy Inc 0.06%
    • 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
    • Origin Energy Ltd 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
    • Petroleo Brasileiro-Spon Adr 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%
    • Canadian Natural Resources 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
    • 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
    • Eog Resources 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 SA 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Marathon Petroleum Corp 0.04%
    • Rio Tinto PLC-Spon Adr 0.04%
    • Southern Co/The 0.04%
    • Vale SA 0.04%
    • Ampol Ltd 0.03%
    • 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
    • Enel Spa 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Glencore PLC 0.03%
    • 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
    • Phillips 66 Co 0.03%
    • Pioneer Natural Resource 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
    • Washington H. Soul Pattinson 0.03%
    • Agl Energy Ltd 0.02%
    • American Electric Power 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
    • 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
    • Grupo Financiero Inbursa Sab De Cv 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
    • Itochu 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
    • 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
    • National Grid PLC 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
    • Occidental Petroleum Cor 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
    • Orica Ltd 0.02%
    • Posco Holdings Inc 0.02%
    • Saudi Arabian Oil Co 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
    • Valero Energy Corp 0.02%
    • Whitehaven Coal Ltd 0.02%
    • Williams Cos 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
    • Constellation Energy 0.01%
    • Dominion Energy Inc 0.01%
    • Halliburton Co 0.01%
    • Kinder Morgan 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
    • Oneok Inc 0.01%
    • Petrochina Co Ltd-A 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
    • Tc 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
    • Viva Energy Group 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

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. 2023 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 $31.4M NZD
Period of data report 30th Sept. 2023
Fund started 14th Sept. 2015
Total annual fund fees 0.72%
Total performance based fees 0.0%
Manager's basic fee 0.65%
Other management and administration charges 0.07%
Total other charges 0.0
Total other charges currency NZD

Nic Craven

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

Brendon Doyle

Currently: Director of Direct Investments, Booster Financial Services Limited (6 years, 8 months)
Previously: Deputy Secretary, Financial Operations, New Zealand Treasury (1 years, 1 months)

David Beattie

Currently: Chair of the Investment Committee, Booster Investment Management Limited (4 years, 7 months)
Previously: CIO, Booster Financial Services Limited (17 years, 6 months)

Aaron Usher

Currently: Portfolio Strategy Manager, Booster Financial Services Limited (2 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 (5 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. 2023.

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
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. 2023.

Top 10 Investments

  • Vanguard Ethically Conscious Gbl Agg Bond Index Fund NZD Hgd
    Australia Fund
    17.9%
  • Vanguard Int'L Shares Select Exclusions Fund - NZD Hgd
    Australia Fund
    16.28%
  • Vanguard Int'L Shares Select Exclusions Index Fund
    Australia Fund
    11.38%
  • Ishares Core S&P/ASX 200 ETF
    Australia Fund
    6.87%
  • Vanguard Emerging Markets Share Index Fund
    Australia Fund
    4.8%
  • NZ Cash (BNZ Bank Trust Account)
    New Zealand Cash and Equivalents A-1+
    2.15%
  • Vanguard Int'L Prop Sec. Index Fund (AUD Hgd)
    Australia Fund
    1.84%
  • Metrics Secured Private Debt Fund Ii
    Australia Fund
    1.58%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    1.25%
  • NZ Govt Stock 0.50% 15/05/2024
    New Zealand NZ Fixed Interest AAA
    1.2%
Type Target Actual
Cash and Cash Equivalents 2.0% 7.32%
New Zealand Fixed Interest 19.0% 14.72%
International Fixed Interest 19.0% 19.85%
Australasian Equities 20.0% 13.41%
International Equities 33.0% 40.15%
Listed Properties 3.0% 3.57%
Unlisted Properties 4.0% 0.98%
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. 2023.