Booster Socially Responsible Balanced Fund

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Mindful Fund

Fund type: Balanced fund

Past Returns: 6.13%

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

Annual Fees: 2.8%

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

Gambling

Gaming and Leisure Properties Inc. 0.01%
Vici Properties Inc. 0.03%

Human Rights & Environmental Violations

Animal Testing

Hermès International 0.22%
L'Oreal SA 0.31%
Linde PLC 0.35%
Pepsico Inc 0.27%
Sherwin-Williams 0.22%
Shin-Etsu Chemical 0.17%

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% 0.49%
2021 17.46% 17.44%
2020 -1.59% 0.46%
2019 4.47% 5.92%
2018 4.41% 3.86%
2017 5.71% 4.97%

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:

  • Vanguard Ethically Conscious Gbl Agg Bond Index Fund NZD Hgd
    Australia Fund
    12.67%
  • Vanguard Int'L Prop Sec. Index Fund (AUD Hgd)
    Australia Fund
    2.42%
  • Microsoft Corporation
    United States International Equities
    1.86%
  • NZ Cash (BNZ Bank Trust Account)
    New Zealand Cash and Equivalents A-1+
    1.81%
  • Alphabet Inc (Class C)
    United States International Equities
    1.48%
  • Amazon.Com, Inc
    United States International Equities
    1.44%
  • Apple Inc.
    United States International Equities
    1.42%
  • Real Estate Select Sector Spdr Fund
    United States Fund
    1.31%
  • NZ Govt Stock 2.75% 15/04/2025
    New Zealand NZ Fixed Interest AAA
    1.26%
  • Fisher & Paykel Healthcare Corporation Ltd
    New Zealand Australasian Equities
    1.14%

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 2.0% 17.77%
New Zealand Fixed Interest 21.0% 15.41%
International Fixed Interest 22.0% 12.7%
Australasian Equities 18.0% 17.92%
International Equities 32.0% 31.49%
Listed Properties 5.0% 4.71%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
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:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    1.66%
  • Fossil Fuels:
    0.01%
  • Gambling:
    0.04%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.03%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

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 Socially Responsible Balanced Fund invests in a balanced mix of income and growth assets. It excludes investments which do not satisfy certain socially responsible investment criteria. It is suited to investors looking for an investment that reflects their personal values who are comfortable with a medium level of risk and are willing to accept a medium level of returns. Booster has been looking after New Zealanders’ money since 1998. And we’re proudly Kiwi owned and operated. We’re an independent financial services company, based right here in Wellington. We know that understanding how your money is invested is important to you. It's important to us too. That's why we consider environmental, social and governance risks when we assess investments across all of our core KiwiSaver and Investment funds."

Value $73M NZD
Period of data report Thu March 31st 2022
Fund started Sun Sept. 6th 2015
Total annual fund fees 2.8%
Total performance based fees 0.0%
Manager's basic fee 2.67%
Other management and administration charges 0.13%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Nic Craven

Currently: Chief Investment Officer, Booster Financial Services Limited (0 years, 8 months)
Previously: Senior Manager - Research, Booster Financial Services Limited (3 years, 2 months)

David Beattie

Currently: Principal, Booster Financial Services Limited (3 years, 10 months)
Previously: CIO, Booster Financial Services Limited (17 years, 6 months)

Allan Yeo

Currently: Managing Director, Booster Financial Services Limited (23 years, 10 months)
Previously: Associate Director, Barclays Bank plc (2 years, 0 months)

Aaron Usher

Currently: Portfolio Strategy Manager, Booster Financial Services Limited (0 years, 8 months)
Previously: Portfolio Manager - Australasian Equities, Booster Financial Services Limited (3 years, 9 months)

Rowan Calvert

Currently: Portfolio Manager - Global Equities, Booster Financial Services Limited (4 years, 5 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 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.