Foundation Series Balanced Fund

Not Mindful

Fund 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: 0.37%

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

Anglo American PLC 0.03%
Arcelormittal SA 0.02%
Atlantia Spa 120228 1.875 Cb 0.02%
BHP Group Ltd 0.05%
BHP Group PLC 0.04%
Canadian Natural Resources Ltd 0.03%
Cenovus Energy Inc 0.01%
Cheniere Energy Inc 0.02%
Chevron Corp 0.14%
Ck Hutchison Holdings Ltd 0.02%
Coca-Cola Co/The 0.15%
Conocophillips 0.06%
Devon Energy Corp 0.02%
Dominion Energy Inc 0.04%
Enbridge Inc 0.06%
Enbridge Inc 180222 Frn 0.03%
Energy Transfer Partners Lp 150325 4.05 Cb 0.04%
Engie SA 0.02%
Eni Spa 0.02%
Eog Resources Inc 0.03%
Equinor Asa 0.02%
Exxon Mobil Corp 0.18%
Franco-Nevada Corp 0.02%
Genesis Energy Ltd 0.25%
Genesis Energy Ltd - 18/03/2022 0.02%
Glencore PLC 0.03%
Hess Corp 0.02%
Hong Kong & China Gas Co Ltd 0.02%
Itochu Corp 0.02%
Kinder Morgan Inc 0.02%
Lyondellbasell Industries Nv 0.02%
Marathon Petroleum Corp 0.03%
Mitsubishi Corp 0.02%
Mitsui & Co Ltd 0.02%
Neste Oyj 0.02%
Nippon Steel Corp 0.01%
Nippon Yusen Kk 0.01%
Occidental Petroleum Corp 0.02%
Oneok Inc 0.02%
Pembina Pipeline Corp 0.01%
Phillips 66 0.02%
Pioneer Natural Resources Co 0.03%
Public Service Enterprise Group Inc 0.02%
Repsol SA 0.02%
Royal Dutch Shell PLC-A Shs-Lon 0.06%
Royal Dutch Shell PLC-B Shs 0.06%
Snam Spa 0.01%
Suncor Energy Inc 0.02%
Tc Energy Corp 0.03%
Valero Energy Corp 0.02%
Williams Cos Inc/The 0.02%

Weapons

Amphenol Corp 0.03%
Teledyne Technologies Inc 0.02%
Transdigm Group Inc 0.02%

Tobacco

Alimentation Couche-Tard Inc 0.03%
Seven & I Holdings Co Ltd 0.03%

Gambling

Aristocrat Leisure Ltd 0.01%
Caesars Entertainment Inc 0.02%
Evolution Gaming Group 0.02%
Flutter Entertainment PLC 0.02%
Mgm Resorts International 0.02%
Skycity Entertainment Group Ltd 0.36%
Vici Properties Inc 0.01%

Adult Entertainment/Pornography

Caesars Entertainment Inc 0.01%
Mgm Resorts International 0.01%

Alcohol

Anheuser-Busch Inbev SA/Nv 0.03%
Asahi Group Holdings Ltd 0.02%
Brown-Forman Corp 0.02%
Carlsberg As 0.01%
Constellation Brands Inc 0.03%
Diageo PLC 0.08%
Heineken Nv 0.02%
Kirin Holdings Co Ltd 0.01%
LVMH Moet Hennessy Louis Vuitton Se 0.14%
Pernod Ricard SA 0.03%

Palm Oil

GMOs

Corteva Inc 0.02%

Human Rights & Environmental Violations

BHP Group Ltd 0.05%
BHP Group PLC 0.04%
Barrick Gold Corp 0.02%
Bayer AG 0.04%
Chevron Corp 0.14%
Duke Energy Corp 0.05%
Energy Transfer Partners Lp 150325 4.05 Cb 0.04%
Freeport-Mcmoran Inc 0.03%
Glencore PLC 0.03%
Johnson & Johnson 0.30%
Motorola Solutions Inc 0.03%
Nestle SA 0.25%
Rio Tinto Ltd 0.02%
Rio Tinto PLC 0.05%
Royal Dutch Shell PLC-A Shs-Lon 0.06%
Royal Dutch Shell PLC-B Shs 0.06%

Animal Testing

Air Liquide SA 0.05%
Akzo Nobel Nv 0.01%
Albemarle Corp 0.02%
Archer-Daniels-Midland Co 0.02%
Asahi Group Holdings Ltd 0.02%
Avantor Inc 0.02%
Basf Se 0.05%
Bayer AG 0.04%
Bayer US Finance Ii Llc 151225 4.25 Cb 0.02%
Bayer US Finance Ii Llc 151228 4.375 Cb 0.02%
Celanese Corp 0.01%
Chevron Corp 0.14%
Church & Dwight Co Inc 0.01%
Clorox Co/The 0.02%
Coca-Cola Co/The 0.15%
Corteva Inc 0.02%
Danone SA 0.03%
Danone SA 021121 2.077 Cb 0.03%
Dow Inc 0.03%
Dupont De Nemours Inc 0.02%
Ecolab Inc 0.04%
Estee Lauder Cos Inc/The 0.05%
Fmc Corp 0.01%
Fujifilm Holdings Corp 0.02%
General Mills Inc 0.02%
Givaudan SA 0.03%
Glaxosmithkline PLC 0.06%
Henkel AG & Co Kgaa Vorzug 0.01%
Hermes International 0.03%
Hp Inc 0.02%
Ingersoll Rand Inc 0.01%
International Flavors & Fragrances Inc 0.02%
Johnson & Johnson 0.30%
Kao Corp 0.02%
Kellogg Co 0.01%
Kerry Group PLC 0.02%
Keurig Dr Pepper Inc 0.02%
Kimberly-Clark Corp 0.04%
Kirin Holdings Co Ltd 0.01%
Koninklijke Dsm Nv 0.02%
Kraft Heinz Co/The 0.02%
L'Oreal SA 0.07%
LVMH Moet Hennessy Louis Vuitton Se 0.14%
Linde PLC 0.11%
Lyondellbasell Industries Nv 0.02%
Mondelez International Inc 0.06%
Nestle SA 0.25%
Nutrien Ltd 0.02%
PPG Industries Inc 0.02%
Pepsico Inc 0.15%
Procter & Gamble Co/The 0.25%
Reckitt Benckiser Group PLC 0.04%
Reckitt Benckiser Treasury Services PLC 240622 Frn 0.01%
Royal Dutch Shell PLC-A Shs-Lon 0.06%
Royal Dutch Shell PLC-B Shs 0.06%
Seven & I Holdings Co Ltd 0.03%
Sherwin-Williams Co/The 0.05%
Shin-Etsu Chemical Co Ltd 0.04%
Shiseido Co Ltd 0.02%
Swpc0Gvu2 Ccp Sell Cds EUR 200625 Tesco PLC 1% Ms 0.03%
Symrise AG 0.01%
Tesco PLC 0.02%
Tesco Property Finance PLC 130440 5.744 Sf 0.03%
Unicharm Corp 0.01%
Unilever PLC - EUR 0.09%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu Sept. 30th 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

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 Sept. 30th 2021.

Showing the top 10 investments for this fund:

AMP Wholesale Unit Trust Msci Global Index Shares
New Zealand International Equities

40.47%
Hunter Global Fixed Interest Fund
New Zealand Int Fixed Interest

25.73%
AMP Capital NZ Shares Index Fund
New Zealand Australasian Equities

20.07%
AMP Capital NZ Fixed Interest Fund
New Zealand NZ Fixed Interest

11.74%
Cassh (BNZ)
New Zealand Cash and Equivalents AA-

1.07%
AMP Capital NZ Cash Fund
New Zealand Cash and Equivalents

0.92%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu Sept. 30th 2021.

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

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	2.0%	3.12%
New Zealand Fixed Interest	12.0%	10.33%
International Fixed Interest	26.0%	26.36%
Australasian Equities	20.0%	20.84%
International Equities	40.0%	39.35%
Listed Properties	0.0%	0.0%
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 Sept. 30th 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:

0.03%
Alcohol:

0.42%
Animal Testing:

3.36%
Fossil Fuels:

2.16%
Gambling:

0.51%
GMOs:

0.02%
Human Rights & Environmental Violations:

1.27%
Palm Oil:

0.01%
Tobacco:

0.06%
Weapons:

0.11%

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 Fund aims for mid-range long-run returns by investing in a diversified portfolio with a balance of income and growth assets. The Fund is managed with the objective of performing broadly in line with the return of its investment benchmark."

Value	$4.1M NZD
Period of data report	Thu Sept. 30th 2021
Fund started	Wed Sept. 2nd 2020
Total annual fund fees	0.37%
Total performance based fees	0.0%
Manager's basic fee	0.37%
Other management and administration charges	0.0%
Total other charges	0.0
Total other charges currency	NZD

Key Personnel

Tony Hildyard	Currently: Managing Director Hunter Investment Management Limited (5 years, 0 months) Previously: Country Head New Zealand PIMCO Australia Pty Ltd (7 years, 5 months)
Anthony Edmonds	Currently: Director Hunter Investment Management Limited (5 years, 0 months) Previously: Managing Director Implemented Investment Solutions (10 years, 10 months)
Anthony Sowerby	Currently: Chief Operating Officer Hunter Investment Management (0 years, 7 months) Previously: Senior Product Manager Implemented Investment Solutions (0 years, 1 months)