Whai Rawa Balanced Fund

Not Mindful

Type: Balanced fund

Past Returns: No 3 year data yet

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

Annual Fees: 0.8%

Annual fees, including any membership and % management 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

Alliant Energy Corp 0.02%
Alliant Energy Corporation 0.05%
Apa Group 0.02%
Apache Corp 151028 4.375 Cb 0.01%
Apt Pipelines Ltd 150727 4.25 Cb 0.06%
Atmos Energy Corp 0.06%
Basf Se 0.01%
BP Capital Markets America Inc 160127 3.017 Cb 0.05%
Canadian National Railway Co 220945 3.95 Cb 0.05%
Chevron Corp 110530 2.236 Cb 0.05%
Coca Cola Co USD 0.04%
Coca Cola Co/The Common Stock USD.25 0.01%
Dominion Energy Inc 0.01%
Dominion Energy Inc Com 0.09%
Emera Inc 0.04%
Enbridge Inc 0.08%
Enel Finance International Nv 250527 3.625 Cb 0.04%
Enel Spa 0.01%
Eneos Holdings Inc 0.02%
Eni Spa 120928 4.75 Cb 0.04%
Equinor Asa 220530 2.375 Cb 0.05%
Evergy Inc Com Npv 0.02%
Exxon Mobil Corp 151030 2.61 Cb 0.05%
Genesis Energy Ltd 0.03%
Iberdrola Finanzas SA 130927 1.25 Cb 0.01%
Iberdrola SA 0.01%
Israel Electric Corp Ltd 140828 4.25 Cb 0.01%
Kinder Morgan Inc 160322 1.50 Cb 0.01%
Koninklijke Vopak Nv 0.06%
Korea Gas Corp 120224 3.875 Cb 0.01%
Midamerican Energy Holdings Co 010436 6.125 Cb 0.05%
Naturgy Finance Bv 290128 1.50 Cb 0.05%
Neste Oyj 0.01%
New World Development Co Ltd 0.06%
Nextera Energy Capital Holdings Inc 010525 2.75 Cb 0.05%
Nextera Energy Inc 0.14%
Nextera Energy Inc Common Stock USD.01 0.13%
Norfolk Southern Corp 011149 3.40 Cb 0.05%
Norfolk Southern Corp USD 0.01%
Oneok Partners Lp 011022 3.375 Cb 0.04%
Orsted A/S Common Stock Dkk10.0 0.33%
Phillips 66 060423 3.70 Cb 0.03%
Phillips 66 Com Usd0.01 0.01%
Reliance Industries Ltd 301127 3.667 Cb 0.02%
Rio Tinto Fin Usa 021140 5.2 Cb 0.06%
Rio Tinto PLC Ord 10P Gbp 0.01%
Saudi Arabian Oil Co 160429 3.50 Gb 0.01%
Shell International Finance Bv 131128 3.875 Cb 0.05%
Snam Spa 0.03%
Snam Spa 120934 1.00 Cb 0.04%
Total Capital International SA 190229 3.455 Cb 0.04%
Wec Energy Group Inc 0.04%
Weyerhaeuser Co USD 0.01%
Xcel Energy Inc 0.05%
Xcel Energy Inc 011229 2.60 Cb 0.04%
Xcel Energy Inc. 0.05%

Weapons

Tobacco

Alimentation Couche Tard Inc 250130 2.95 Cb 0.01%

Gambling

Mgm Growth Properties Llc 0.01%
Vici Properties Inc 0.04%

Alcohol

Anheuser Busch Companies Inc 010236 4.70 Cb 0.05%
LVMH Moet Hennessy Louis Vuitton Se 110227 1.125 Cb 0.04%

Human Rights & Environmental Violations

Barrick Gold Corp 0.01%
Duke Energy Corp Com USD 0.001 Post Rev Splt 0.01%
Johnson & Johnson Com US$1 0.07%
Johnson + Johnson Common Stock Usd1.0 0.21%
Johnson and Johnson 150837 5.95 Cb 0.05%
Nestle SA 0.07%
Nutrien Ltd 150325 3.375 Cb 0.04%
Rio Tinto Fin Usa 021140 5.2 Cb 0.06%
Rio Tinto PLC Ord 10P Gbp 0.01%
Sempra Energy USD 0.06%
Shell International Finance Bv 131128 3.875 Cb 0.05%

Animal Testing

Air Liquide 0.010%
Air Liquide Finance SA 100929 2.25 Cb 0.040%
Air Products and Chemicals Inc 150530 2.05 Cb 0.060%
Basf Se 0.010%
Bayer AG 0.010%
Chr Hansen Holding A/S Common Stock Dkk10. 0.140%
Clorox Co 150530 1.80 Cb 0.040%
Clorox Company Common Stock Usd1.0 0.030%
Coca Cola Co USD 0.040%
Coca Cola Co/The Common Stock USD.25 0.010%
Colgate Palmolive Co 150845 4.00 Cb 0.040%
Colgate Palmolive Usd1 0.010%
Croda International PLC Common Stock Gbp.1060976 0.060%
Danone Common Stock EUR.25 0.090%
Eastman Chemical Co 260523 1.50 Cb 0.040%
Ecolab Inc 011126 2.70 Cb 0.040%
Ecolab Inc Common Stock Usd1.0 0.330%
Ecolab Ltd 0.010%
Estee Lauder Companies Cl A Common Stock USD.01 0.090%
Fujifilm Holdings Corp Common Stock 0.020%
Givaudan Finance Europe Bv 220427 1.00 Cb 0.010%
Givaudan Reg Common Stock Chf10.0 0.050%
Glaxosmithkline Capital Inc 150538 6.375 Cb 0.060%
Glaxosmithkline PLC 0.020%
Henkel AG + Co Kgaa Common Stock 0.010%
Henkel AG + Co Kgaa Vorzug Preference 0.030%
Hp Inc Common Stock USD.01 0.040%
Johnson & Johnson Com US$1 0.070%
Johnson + Johnson Common Stock Usd1.0 0.210%
Johnson and Johnson 150837 5.95 Cb 0.050%
Kimberly Clark Corp 010837 6.625 Cb 0.040%
Koninklijke Dsm Nv Common Stock Eur1.5 0.210%
L'Oreal 0.020%
Lenzing AG Common Stock 0.050%
Linde PLC 0.020%
Linde PLC Common Stock EUR.001 0.140%
LVMH Moet Hennessy Louis Vuitton Se 110227 1.125 Cb 0.040%
Marico Ltd Common Stock Inr1. 0.050%
Mondelez International Inc 0.020%
Nestle SA 0.070%
Novozymes A/S B Shares Common Stock Dkk2.0 0.050%
Nutrien Ltd 150325 3.375 Cb 0.040%
Orkla Asa Common Stock Nok1.25 0.010%
Pepsico Inc Cap US$0.01 2/3 0.040%
Praxair Inc 100850 2.00 Cb 0.050%
Procter & Gamble Company 0.060%
Procter + Gamble Co/The Common Stock 0.110%
Reckitt Benckiser 0.375% Gtd Snr 19/05/26 EUR 0.010%
Reckitt Benckiser Group PLC 0.010%
Reliance Industries Ltd 301127 3.667 Cb 0.020%
Shell International Finance Bv 131128 3.875 Cb 0.050%
Sherwin-Williams Company 0.010%
Symrise AG Common Stock 0.320%
Umicore Common Stock 0.040%
Unicharm Corp Common Stock 0.070%
Unilever Nv Common Stock EUR.16 0.100%
Unilever Nv Eur0.16 0.020%
Unilever PLC 0.010%
Unilever PLC Common Stock Gbp.0311 0.180%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 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, Sustainalytics and research organisations.

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

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 Wed Sept. 30th 2020.

Showing the top 10 investments for this fund:

Nikko Asset Management Wholesale SRI Equity Fund
New Zealand Australasian Equities

8.49%
AMP Capital Investors NZ Cash Fund
New Zealand Cash and Equivalents

3.02%
First State Investments Global Listed Infrastructure Fund
New Zealand Other

1.73%
Aviva Investors Multi-Strategy Fixed Income Fund
Australia Int Fixed Interest

1.53%
New Zealand Government Bond 5.5% 15/04/2023
New Zealand NZ Fixed Interest AA+

1.1%
New Zealand Government Bond 3.5% 14/04/2033
New Zealand NZ Fixed Interest AA+

0.94%
New Zealand Government Bond 0.5% 15/05/2024
New Zealand NZ Fixed Interest AA+

0.88%
US Dollar
United States International Equities

0.79%
Investa Commercial Property Fund
Australia Unlisted Property

0.76%
Kkr & Co. Lp Global Infrastructure Fund
Australia Other

0.74%

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

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

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	4.0%	3.52%
New Zealand Fixed Interest	10.0%	9.81%
International Fixed Interest	26.0%	24.99%
Australasian Equities	12.5%	11.33%
International Equities	35.5%	35.2%
Listed Properties	3.0%	3.02%
Unlisted Properties	3.0%	2.99%
Other	6.0%	9.14%
Commodities	0.0%	0.0%

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

0.10%
Animal Testing:

3.88%
Fossil Fuels:

2.76%
Gambling:

0.05%
GMOs:

0.00%
Human Rights & Environmental Violations:

0.69%
Palm Oil:

0.00%
Tobacco:

0.02%
Weapons:

0.03%

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 invests in a wide range of assets and seeks to provide long-term capital growth for your savings by using a diversified portfolio with a slight bias towards growth assets"

Value	$7.9M NZD
Period of data report	Wed Sept. 30th 2020
Members	1,457
Fund started	Mon Feb. 17th 2020
Total annual fund fees	0.8%
Total performance based fees	0.0%
Manager's basic fee	0.0%
Administration charges	0.8%
Total other charges	0.0
Total other charges currency	NZD

Key Personnel

Fiona Pimm	Currently: Chair (2 years, 11 months) Previously: Whai Rawa Fund Limited Board member (other position currently held) (6 years, 5 months)
Paul Mersi	Currently: Board member (5 years, 7 months) Previously: Financial Services & Tax Partner PriceWaterhouseCoopers (position previously held) (16 years, 0 months)
David Woods	Currently: Board member (3 years, 10 months) Previously: Managing Director Oikocredit International Netherlands (position previously held) (3 years, 10 months)
Clare Murray	Currently: Board Member (2 years, 7 months) Previously: Owner Consultant Murray & Co (financial services) (other position currently held) (14 years, 6 months)
Anthony Bow	Currently: Board Member (2 years, 7 months) Previously: Principal Waimana Capital Limited (other position currently held) (4 years, 10 months)

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

Downloads

Download the fund's disclosure statement and portfolio holdings.

Portfolio holdings v