Funds

Foundation Series Balanced Fund

Total Ethical Concerns: 7.28%

The average total concerns of all managed balanced funds is 8.32%.

Companies of Concern

  • Animal Cruelty 1.03%

    • Koninklijke Ahold Delhaize Nv
      0.35%
      0.35%
    • Hermès International Sca
      0.08%
      0.08%
    • Colgate-Palmolive Co.
      0.07%
      0.07%
    • Tyson Foods Inc
      0.07%
      0.07%
    • Eni Spa
      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
      0.05%
    • Ecolab, Inc.
      0.01%
      0.01%
  • Human Rights Violations 1.99%

    • 0.95%
    • Ubs
      0.45%
      0.45%
    • Wells Fargo
      0.24%
      0.24%
    • 0.05%
    • General Motors
      0.02%
      0.02%
  • Social Harm 0.52%

  • Fossil Fuels 2.53%

    • Contact Energy Ltd.
      1.19%
      1.5°C
      This company is on a 1.5°C pathway
      1.19%
    • Engie SA
      0.22%
      !!
      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
      0.22%
    • 0.19%
    • Itochu Corp.
      0.19%
      !!
      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
      0.19%
    • Atmos Energy Corp.
      0.16%
      0.16%
    • BP
      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
      0.12%
    • Channel Infrastructure
      0.11%
      0.11%
    • OMV AG
      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
      0.07%
    • Eni Spa
      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
      0.05%
    • Repsol
      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
      0.04%
    • Barrick Gold
      0.03%
      0.03%
    • Cassa Depositi E Prestiti Spa
      0.02%
      0.02%
    • Enbridge, 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
      0.02%
    • 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
      0.02%
    • Equinor Asa
      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
      0.01%
    • Fairfax Financial Holdings Ltd.
      0.01%
      0.01%
    • Japan Petroleum Exploration Co., 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
      0.01%
    • Targa Resources Corp.
      0.01%
      0.01%
  • Weapons 0.79%

    • Amphenol Corp.
      0.29%
      0.29%
    • Mtu Aero Engines AG
      0.27%
      0.27%
    • Dassault Aviation SA
      0.11%
      0.11%
    • Rheinmetall AG
      0.11%
      0.11%
    • Howmet Aerospace, Inc.
      0.01%
      0.01%
  • Environmental Harm 0.51%

    • Fonterra
      0.32%
      0.32%
    • Pepsico
      0.07%
      0.07%
    • Barrick Gold
      0.03%
      0.03%
    • 0.03%
    • Archer-Daniels Midland
      0.02%
      0.02%
    • Mondelez
      0.02%
      0.02%

From the Fund Provider

  • About this fund

    About this Fund

    Aims for mid-range long-run returns by investing in a diversified portfolio with a balance of income and growth assets.

    Value $27.8M NZD
    Period of data report 31st March 2025
    Fund started 2nd Sept. 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

    Mike Heath

    Currently: Investment Committee Member (5 years, 0 months)
    Previously: General Manager, InvestNow (7 years, 0 months)

    Anthony Edmonds

    Currently: Investment Committee Member (5 years, 0 months)
    Previously: Business Development Director, Apex New Zealand (0 years, 8 months)

    Anthony Sowerby

    Currently: Investment Committee Member (5 years, 0 months)
    Previously: Head of Investment Management Oversight, FundRock NZ (3 years, 6 months)

    Jason Choy

    Currently: Investment Committee Member (2 years, 8 months)
    Previously: Senior Portfolio Manager, FundRock NZ and InvestNow (2 years, 10 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

  • Past Returns

    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
    2025 4.02% 5.43%
    2024 9.97% 12.9%
    2023 -2.59% -2.87%
    2022 1.06% 2.56%

    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 31st March 2025.

  • Investments

    Top 10 Investments

    • Hunter Global Fixed Interest Fund

      New Zealand Int Fixed Interest

      26.1%
    • Mercer Global Index Shares Fund

      New Zealand International Equities

      25.54%
    • Mercer NZ Shares Passive Fund

      New Zealand Australasian Equities

      20.17%
    • Mercer Hedged Global Index Shares Fund

      New Zealand International Equities

      13.94%
    • Mercer Macquarie NZ Fixed Interest Fund

      New Zealand NZ Fixed Interest

      12.15%
    • Mercer Macquarie NZ Cash Fund

      New Zealand Cash and Equivalents

      1.76%
    • Cash At Bank (BNZ)

      New Zealand Cash and Equivalents AA-

      0.35%
    Type Target Actual
    Cash and Cash Equivalents 2.0% 3.11%
    New Zealand Fixed Interest 12.0% 12.07%
    International Fixed Interest 26.0% 25.32%
    Australasian Equities 20.0% 20.1%
    International Equities 40.0% 39.4%
    Listed Properties 0.0% 0.0%
    Unlisted Properties 0.0% 0.0%
    Other 0.0% 0.0%
    Commodities 0.0% 0.0%

    Investment Mix

    How the money in this fund is invested by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 31st March 2025 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.

Issues of Concern

  • 1.03% Animal Cruelty
  • 1.99% Human Rights Violations
  • 0.52% Social Harm
  • 2.53% Fossil Fuels
  • 0.79% Weapons
  • 0.51% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • Koninklijke Ahold Delhaize Nv
      0.35%
      0.35%
    • Hermès International Sca
      0.08%
      0.08%
    • Colgate-Palmolive Co.
      0.07%
      0.07%
    • Tyson Foods Inc
      0.07%
      0.07%
    • Eni Spa
      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
      0.05%
    • Ecolab, Inc.
      0.01%
      0.01%
  • Human Rights Violations

    • 0.95%
    • Ubs
      0.45%
      0.45%
    • Wells Fargo
      0.24%
      0.24%
    • 0.05%
    • General Motors
      0.02%
      0.02%
  • Fossil Fuels

    • Contact Energy Ltd.
      1.19%
      1.5°C
      This company is on a 1.5°C pathway
      1.19%
    • Engie SA
      0.22%
      !!
      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
      0.22%
    • 0.19%
    • Itochu Corp.
      0.19%
      !!
      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
      0.19%
    • Atmos Energy Corp.
      0.16%
      0.16%
    • BP
      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
      0.12%
    • Channel Infrastructure
      0.11%
      0.11%
    • OMV AG
      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
      0.07%
    • Eni Spa
      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
      0.05%
    • Repsol
      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
      0.04%
    • Barrick Gold
      0.03%
      0.03%
    • Cassa Depositi E Prestiti Spa
      0.02%
      0.02%
    • Enbridge, 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
      0.02%
    • 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
      0.02%
    • Equinor Asa
      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
      0.01%
    • Fairfax Financial Holdings Ltd.
      0.01%
      0.01%
    • Japan Petroleum Exploration Co., 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
      0.01%
    • Targa Resources Corp.
      0.01%
      0.01%
  • Weapons

    • Amphenol Corp.
      0.29%
      0.29%
    • Mtu Aero Engines AG
      0.27%
      0.27%
    • Dassault Aviation SA
      0.11%
      0.11%
    • Rheinmetall AG
      0.11%
      0.11%
    • Howmet Aerospace, Inc.
      0.01%
      0.01%
  • Environmental Harm

    • Fonterra
      0.32%
      0.32%
    • Pepsico
      0.07%
      0.07%
    • Barrick Gold
      0.03%
      0.03%
    • 0.03%
    • Archer-Daniels Midland
      0.02%
      0.02%
    • Mondelez
      0.02%
      0.02%

About this Fund

Aims for mid-range long-run returns by investing in a diversified portfolio with a balance of income and growth assets.

Value $27.8M NZD
Period of data report 31st March 2025
Fund started 2nd Sept. 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

Mike Heath

Currently: Investment Committee Member (5 years, 0 months)
Previously: General Manager, InvestNow (7 years, 0 months)

Anthony Edmonds

Currently: Investment Committee Member (5 years, 0 months)
Previously: Business Development Director, Apex New Zealand (0 years, 8 months)

Anthony Sowerby

Currently: Investment Committee Member (5 years, 0 months)
Previously: Head of Investment Management Oversight, FundRock NZ (3 years, 6 months)

Jason Choy

Currently: Investment Committee Member (2 years, 8 months)
Previously: Senior Portfolio Manager, FundRock NZ and InvestNow (2 years, 10 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

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
2025 4.02% 5.43%
2024 9.97% 12.9%
2023 -2.59% -2.87%
2022 1.06% 2.56%

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 31st March 2025.

Top 10 Investments

  • Hunter Global Fixed Interest Fund

    New Zealand Int Fixed Interest

    26.1%
  • Mercer Global Index Shares Fund

    New Zealand International Equities

    25.54%
  • Mercer NZ Shares Passive Fund

    New Zealand Australasian Equities

    20.17%
  • Mercer Hedged Global Index Shares Fund

    New Zealand International Equities

    13.94%
  • Mercer Macquarie NZ Fixed Interest Fund

    New Zealand NZ Fixed Interest

    12.15%
  • Mercer Macquarie NZ Cash Fund

    New Zealand Cash and Equivalents

    1.76%
  • Cash At Bank (BNZ)

    New Zealand Cash and Equivalents AA-

    0.35%
Type Target Actual
Cash and Cash Equivalents 2.0% 3.11%
New Zealand Fixed Interest 12.0% 12.07%
International Fixed Interest 26.0% 25.32%
Australasian Equities 20.0% 20.1%
International Equities 40.0% 39.4%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

Investment Mix

How the money in this fund is invested by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.