Funds
Foundation Series Balanced Fund
Fund type: Balanced fund
Past Returns: *-1.24%Annual Fees: 0.37%
Issues of concern
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.
Key:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- Contact Energy Ltd 1.04%
- Exxon Mobil Corp 0.52%
- Totalenergies Se 0.43%
- Shell PLC 0.28%
- Genesis Energy Ltd 0.25%
- BP PLC 0.24%
- Enbridge Inc 0.23%
- Occidental Petroleum Corp 0.22%
- Glencore PLC 0.20%
- Eni Spa 0.18%
- Devon Energy Corp 0.15%
- Chevron Corp 0.14%
- Vale SA 0.11%
- Nextera Energy Inc 0.08%
- Anglo American PLC 0.07%
- Conocophillips 0.07%
- Mitsui & Co Ltd 0.07%
- BHP Group Ltd 0.06%
- Marathon Petroleum Corp 0.05%
- Arcelormittal 0.04%
- Duke Energy Corp 0.04%
- Energy Transfer Partners Lp 150325 4.05 Cb 0.04%
- Southern Co/The 0.04%
- Canadian Natural Resources Ltd 0.03%
- Dominion Energy Inc 0.03%
- Eog Resources Inc 0.03%
- Iberdrola SA 0.03%
- Pioneer Natural Resources Co 0.03%
- Santos Ltd 0.03%
- American Electric Power Co Inc 0.02%
- Arcelormittal-Ny Registered 0.02%
- Canadian Natural Resources Ltd - US 0.02%
- Cheniere Energy Inc 0.02%
- Consolidated Edison Inc 0.02%
- Constellation Energy Corp 0.02%
- Enel Spa 0.02%
- Eneos Holdings Inc 0.02%
- Equinor Asa 0.02%
- Hess Corp 0.02%
- Jardine Matheson Holdings Ltd 0.02%
- Kinder Morgan Inc 0.02%
- Mitsubishi Corp 0.02%
- National Grid PLC 0.02%
- Nippon Steel Corp 0.02%
- Phillips 66 0.02%
- Public Service Enterprise Group Inc 0.02%
- Sempra Energy 0.02%
- Sumitomo Chemical Co Ltd 0.02%
- Suncor Energy Inc 0.02%
- Tc Energy Corp 0.02%
- Valero Energy Corp 0.02%
- Var Energi Asa 0.02%
- Wec Energy Group Inc 0.02%
- Williams Cos Inc/The 0.02%
- Woodside Energy Group Ltd 0.02%
- Xcel Energy Inc 0.02%
- Ameren Corp 0.01%
- Canadian Natural Resources Ltd - Cad 0.01%
- Cenovus Energy Inc 0.01%
- Coterra Energy Inc 0.01%
- Diamondback Energy Inc 0.01%
- Dte Energy Co 0.01%
- Engie SA 0.01%
- Entergy Corp 0.01%
- Franco-Nevada Corp 0.01%
- Itochu Corp 0.01%
- Lyondellbasell Industries Nv 0.01%
- Neste Oyj 0.01%
- Oneok Inc 0.01%
- Pg&E Corp 0.01%
- Ppl Corp 0.01%
- Rwe AG 0.01%
Weapons
- Walmart Inc 0.10%
- Amphenol Corp 0.02%
- Howmet Aerospace 0.02%
- Transdigm Group Inc 0.02%
Tobacco
- Alimentation Couche-Tard Inc 0.02%
Gambling
- Skycity Entertainment Group Ltd 0.36%
- Vici Properties Inc 0.01%
Alcohol
- Heineken Nv 0.10%
- Diageo PLC 0.08%
- Anheuser-Busch Inbev SA/Nv 0.07%
- Constellation Brands Inc 0.07%
- Treasury Wine Estates Ltd 0.03%
- Pernod Ricard SA 0.02%
- Brown-Forman Corp 0.01%
GMOs
- Corteva Inc 0.02%
Human Rights & Environmental Violations
- Shell PLC 0.28%
- Johnson & Johnson 0.21%
- Glencore PLC 0.20%
- Rio Tinto PLC 0.18%
- Meta Platforms Inc 0.16%
- Nestle SA 0.15%
- Chevron Corp 0.14%
- Petroleo Brasileiro-Spon Adr 0.11%
- Vale SA 0.11%
- Credit Suisse AG 080823 6.50 Cb 0.10%
- Credit Suisse Group AG 120833 6.537 Cb 0.10%
- Thermo Fisher Scientific Inc 0.10%
- Wells Fargo & Co 0.07%
- BHP Group Ltd 0.06%
- Credit Suisse Mortgage Tr Series 20 Fact Cls A 151037 Abs 0.06%
- Wells Fargo and Co 240328 3.526 Cb 0.06%
- Credit Suisse Group AG 020432 2.875 Cb 0.05%
- Energy Transfer Partners Lp 150325 4.05 Cb 0.05%
- Mizrahi Tefahot Bank Ltd 0.05%
- Caterpillar Inc 0.04%
- Duke Energy Corp 0.04%
- Activision Blizzard Inc 0.03%
- Credit Suisse AG 070933 7.375 Cb 0.03%
- Credit Suisse AG London 050126 0.25 Cb 0.03%
- Archer-Daniels-Midland Co 0.02%
- Basf Se 0.02%
- Bayer AG 0.02%
- Bayer US Finance Ii Llc 151225 4.25 Cb 0.02%
- Bayer US Finance Ii Llc 151228 4.375 Cb 0.02%
- Corteva Inc 0.02%
- Credit Suisse Group AG 120624 4.207 Cb 0.02%
- Credit Suisse Group AG 240627 1.00 Cb 0.02%
- Freeport-Mcmoran Inc 0.02%
- Motorola Solutions Inc 0.02%
- Nutrien Ltd 0.02%
- Uber Technologies Inc 0.02%
- Barrick Gold Corp-Tse 0.01%
- Pg&E Corp 0.01%
- Rio Tinto Ltd 0.01%
Animal Cruelty
- Exxon Mobil Corp 0.52%
- Shell PLC 0.28%
- Procter & Gamble Co/The 0.27%
- Eni Spa 0.18%
- Nestle SA 0.15%
- Chevron Corp 0.14%
- Tyson Foods Inc 0.12%
- Coca-Cola Co/The 0.11%
- Pepsico Inc 0.11%
- LVMH Moet Hennessy Louis Vuitton Se 0.08%
- Constellation Brands Inc 0.07%
- Henkel AG & Co Kgaa 0.07%
- Yara International Asa 0.07%
- Kering SA 0.06%
- Unilever PLC - EUR 0.05%
- L'Oreal SA 0.04%
- Mondelez International Inc 0.04%
- Otsuka Holdings Co Ltd 0.04%
- Seiko Epson Corp 0.04%
- 3M Co 0.03%
- Air Liquide SA 0.03%
- Colgate-Palmolive Co 0.03%
- Estee Lauder Cos Inc/The 0.03%
- Sherwin-Williams Co/The 0.03%
- Swpc0Gvu2 Ccp Sell Cds EUR 200625 Tesco PLC 1% Ms 0.03%
- Albemarle Corp 0.02%
- Archer-Daniels-Midland Co 0.02%
- Basf Se 0.02%
- Bayer AG 0.02%
- Corteva Inc 0.02%
- Daikin Industries Ltd 0.02%
- Dow Inc 0.02%
- Dupont De Nemours Inc 0.02%
- Ecolab Inc 0.02%
- General Mills Inc 0.02%
- Givaudan SA 0.02%
- Hermes International 0.02%
- Keurig Dr Pepper Inc 0.02%
- Kimberly-Clark Corp 0.02%
- Koninklijke Ahold Delhaize Nv 0.02%
- Mitsubishi Corp 0.02%
- Nutrien Ltd 0.02%
- Sumitomo Chemical Co Ltd 0.02%
- Tesco Property Finance PLC 130440 5.744 Sf 0.02%
- Yara International-Adr 0.02%
- Bayer US Finance Ii Llc 151225 4.25 Cb 0.01%
- Bayer US Finance Ii Llc 151228 4.375 Cb 0.01%
- Canon Inc 0.01%
- Church & Dwight Co Inc 0.01%
- Danone SA 0.01%
- Denso Corp 0.01%
- International Flavors & Fragrances Inc 0.01%
- Kao Corp 0.01%
- Koninklijke Dsm Nv 0.01%
- Kraft Heinz Co/The 0.01%
- Lyondellbasell Industries Nv 0.01%
- PPG Industries Inc 0.01%
- Tesco PLC 0.01%
This data is compiled by Mindful Money from the fund information and portfolios
that each fund has
filed with the Disclose register to 30th Sept. 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.
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.
About this fund
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.
| Value | $13M NZD |
| Period of data report | 31st Dec. 2022 |
| 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 |
Key Personnel
|
Mike Heath |
Currently: Investment Committee Member (2 years, 9 months) |
|
Anthony Edmonds |
Currently: Investment Committee Member (2 years, 9 months) |
|
Anthony Sowerby |
Currently: Investment Committee Member (2 years, 9 months) |
|
Jason Choy |
Currently: Investment Committee Member (0 years, 5 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.
Investment Exclusions
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).
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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.
| Issue of concern | Does this fund say it excludes this? | Actual holdings |
|---|---|---|
| Adult Entertainment /Pornography | 0.01% | |
| Alcohol | 0.41% | |
| Animal Cruelty | 3.54% | |
| Fossil Fuels | 5.82% | |
| Gambling | 0.43% | |
| GMOs | 0.02% | |
| Human Rights & Environmental Violations | 2.77% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.02% | |
| Weapons | 0.21% |
This data is compiled by Mindful Money from the fund information and portfolios
that each fund has
filed with the Disclose register to 30th Sept. 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 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.
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 |
|---|---|---|
| 2022 | 0.34% | 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 Dec. 2022.
Top 10 Investments
-
Hunter Global Fixed Interest Fund
New Zealand Int Fixed Interest26.12% -
Macquarie Msci Global Index Shares Fund
New Zealand International Equities24.87% -
Macquarie NZ Shares Index Fund
New Zealand Australasian Equities20.55% -
Macquarie Msci Hedged Global Index Shares
New Zealand International Equities14.52% -
Macquarie NZ Fixed Interest Fund
New Zealand NZ Fixed Interest12.08% -
Macquarie NZ Cash Fund
New Zealand Cash and Equivalents1.19% -
Cash At Bank (BNZ)
New Zealand Cash and Equivalents AA-0.67%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 2.0% | 9.58% |
| New Zealand Fixed Interest | 12.0% | 10.81% |
| International Fixed Interest | 26.0% | 20.88% |
| Australasian Equities | 20.0% | 21.17% |
| International Equities | 40.0% | 37.56% |
| 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 against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.