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Whai Rawa Balanced Fund

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Type: Balanced fund
Past Returns: *17.62%

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 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

Apa Group 0.02%
Apt Pipelines Ltd 150727 4.25 Cb 0.05%
Atmos Energy Corp 0.07%
Cheniere Energy Inc 0.01%
Coca Cola Co 090341 1.00 Cb 0.03%
Coca Cola Co USD 0.04%
Dominion Energy Inc Com 0.09%
Enbridge Inc 0.08%
Israel Electric Corp Ltd 140828 4.25 Cb 0.01%
Keyera Corp Com 0.01%
Koninklijke Vopak Nv 0.03%
Korea Gas Corp 120224 3.875 Cb 0.01%
Marathon Petrol Com 0.02%
Naturgy Finance Bv 290128 1.50 Cb 0.05%
Neste Oyj 0.01%
Oneok Inc 0.02%
Oneok Partners Lp 011022 3.375 Cb 0.04%
Parkland Corp 0.01%
Pembina Pipeline 0.01%
Pembina Pipeline Corporation 0.05%
Phillips 66 060423 3.70 Cb 0.03%
Phillips 66 Com Usd0.01 0.02%
Reliance Industries Ltd 301127 3.667 Cb 0.01%
Snam Spa 0.03%
Snam Spa 120934 1.00 Cb 0.04%
Valero Energy Corp 0.02%
Williams Companies Inc 0.01%

Weapons

Tobacco

Gambling

Mgm Growth Properties Llc 0.01%
Vici Properties Inc 0.04%

Alcohol

GMOs

Human Rights & Environmental Violations

Bayer AG 0.01%
Duke Energy Corp Com USD 0.001 Post Rev Splt 0.01%
Johnson & Johnson Com US$1 0.08%
Johnson + Johnson Common Stock Usd1.0 0.22%
Johnson and Johnson 150837 5.95 Cb 0.02%
Nestle Holdings Inc 240948 4.00 Cb 0.05%
Nestle SA 0.06%
Rio Tinto Limited 0.01%
Rio Tinto PLC Ord 10P Gbp 0.02%
Sempra Energy USD 0.06%

Animal Testing

Air Liquide 0.010%
Air Liquide Finance SA 100929 2.25 Cb 0.040%
Air Liquide SA Common Stock Eur5.5 0.080%
Basf Se 0.010%
Bayer AG 0.010%
Beiersdorf AG Common Stock 0.010%
Chr Hansen Holding A/S Common Stock Dkk10. 0.080%
Clorox Co 150530 1.80 Cb 0.040%
Clorox Company Common Stock Usd1.0 0.030%
Coca Cola Co 090341 1.00 Cb 0.030%
Coca Cola Co USD 0.040%
Croda International PLC Common Stock Gbp.1060976 0.080%
Danone Common Stock EUR.25 0.080%
Eastman Chemical Co 260523 1.50 Cb 0.040%
Ecolab Inc 011126 2.70 Cb 0.040%
Ecolab Inc Common Stock Usd1.0 0.390%
Ecolab Ltd 0.010%
Estee Lauder Companies 0.010%
Estee Lauder Companies Cl A Common Stock USD.01 0.100%
Fujifilm Holdings Corp Common Stock 0.030%
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 0.050%
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 0.060%
Johnson & Johnson Com US$1 0.080%
Johnson + Johnson Common Stock Usd1.0 0.220%
Johnson and Johnson 150837 5.95 Cb 0.020%
Kimberly Clark Corp 010837 6.625 Cb 0.020%
Koninklijke Dsm Nv Common Stock Eur1.5 0.230%
L Oreal Common Stock EUR.2 0.130%
L'Oreal 0.020%
Lenzing AG Common Stock 0.040%
Linde Finance Bv 0.25% Gtd Snr 19/05/27 EUR 0.010%
Linde PLC 0.020%
Linde PLC Common Stock EUR.001 0.190%
Marico Ltd Common Stock Inr1. 0.040%
Mondelez International Inc 0.020%
Nestle Holdings Inc 240948 4.00 Cb 0.050%
Nestle SA 0.060%
Novozymes A/S B Shares Common Stock Dkk2.0 0.030%
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 0.100%
Procter and Gamble Co 251047 3.50 Cb 0.020%
Reckitt Benckiser Group PLC 0.010%
Reliance Industries Ltd 301127 3.667 Cb 0.010%
Sherwin Williams Com Usd1 0.010%
Shin-Etsu Chem Co Y50 0.010%
Symrise AG Common Stock 0.220%
Tesco Property 3 5.744% M/Bkd 13/04/2040Gbp 0.010%
Umicore Common Stock 0.050%
Unicharm Corp Common Stock 0.050%
Unilever Capital Corp 151132 5.90 Cb 0.050%
Unilever PLC 0.030%
Unilever PLC Common Stock Gbp.0311 0.170%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed March 31st 2021 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
2021 17.44% 17.62%

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 March 31st 2021.

Showing the top 10 investments for this fund:

  • Nikko Asset Management Wholesale SRI Equity Fund
    New Zealand Australasian Equities
    7.82%
  • First State Investments Global Listed Infrastructure Fund
    New Zealand Other
    1.76%
  • United States Dollar
    United States Cash and Equivalents
    1.23%
  • BNP New Zealand Dollar Custodial Account Matai-Balanced Portfolio
    New Zealand Cash and Equivalents
    1.22%
  • New Zealand Government Bond 0.5% 15/05/2024
    New Zealand NZ Fixed Interest AA+
    1.17%
  • New Zealand Government Bond 5.5% 15/04/2023
    New Zealand NZ Fixed Interest AA+
    1.12%
  • New Zealand Government Bond 3.0% 20/04/2029
    New Zealand NZ Fixed Interest AA+
    0.85%
  • New Zealand Government Bond 6% 15/05/2021
    New Zealand NZ Fixed Interest AA+
    0.8%
  • New Zealand Government Bond 3.5% 14/04/2033
    New Zealand NZ Fixed Interest AA+
    0.76%
  • Australian Government Bond 4.25% 21/04/2026
    Australia Int Fixed Interest
    0.75%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed March 31st 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 4.0% 3.35%
New Zealand Fixed Interest 10.0% 9.49%
International Fixed Interest 26.0% 24.85%
Australasian Equities 12.5% 10.99%
International Equities 35.5% 36.9%
Listed Properties 3.0% 3.14%
Unlisted Properties 3.0% 2.79%
Other 6.0% 6.6%
Commodities 0.0% 1.89%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 2021.

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:
    0.01%
  • Animal Testing:
    3.80%
  • Fossil Fuels:
    0.97%
  • Gambling:
    0.06%
  • GMOs:
    0.01%
  • Human Rights & Environmental Violations:
    0.59%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.02%
  • Weapons:
    0.04%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed March 31st 2021 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 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 $14M NZD
Period of data report Wed March 31st 2021
Fund started Mon Feb. 17th 2020
Total annual fund fees 0.8%
Total performance based fees 0.0%
Manager's basic fee 0.0%
Other management and administration charges 0.8%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Fiona Pimm

Currently: Chair (3 years, 5 months)
Previously: Whai Rawa Fund Limited Board member (other position currently held) (6 years, 11 months)

Paul Mersi

Currently: Board member (6 years, 1 months)
Previously: Financial Services & Tax Partner PriceWaterhouseCoopers (position previously held) (16 years, 0 months)

David Woods

Currently: Board member (4 years, 4 months)
Previously: Managing Director Oikocredit International Netherlands (position previously held) (3 years, 10 months)

Clare Murray

Currently: Board Member (3 years, 1 months)
Previously: Owner Consultant Murray & Co (financial services) (other position currently held) (15 years, 0 months)

Anthony Bow

Currently: Board Member (3 years, 1 months)
Previously: Principal Waimana Capital Limited (other position currently held) (4 years, 6 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 2021.

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.