OneAnswer Mac Balanced Fund

Not Mindful

Type: Balanced fund

Past Returns: 3.05%

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

Annual Fees: 1.17%

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

BHP Billiton Ltd 0.23%
BP PLC 0.02%
China Petroleum 0.01%
Cms Energy Corp 0.03%
Dominion Energy Inc 0.04%
Enbridge Inc 0.09%
Hollyfrontier Corp 0.01%
Kinder Morgan Inc 0.09%
Koninklijke Vopak Nv 0.12%
Lukoil PJSC-Spon Adr 0.02%
Marubeni Corp 0.01%
Oil Search Limited 0.10%
OMV AG 0.01%
Origin Energy Ltd 0.09%
Phillips 66 0.02%
PJSC Tatneft Adr 0.01%
Repsol SA 0.02%
Royal Dutch Shell 0.03%
Total SA 0.02%
Valero Energy Corp 0.02%
Viva Energy Group 0.07%
Williams Cos Inc 0.07%

Weapons

Bae Systems PLC 0.03%
Leonardo Spa 0.01%
Oshkosh Corp 0.02%
Raytheon Co 0.02%
Rolls Royce Holdings 0.07%
Safran SA 0.10%
Textron Inc 0.01%
United Technologies 0.11%

Gambling

Aristocrat Leisure 0.15%
Sands China Limited 0.02%
Sky City Entertainment Group 0.08%
Tabcorp Holdings Ltd 0.04%
Wynn Resorts Ltd 0.01%

Alcohol

Ambev SA 0.03%
Anheuser-Busch 0.08%
Carlsberg As - B Shs 0.08%
Diageo PLC 0.29%
Heineken Nv 0.22%
LVMH Moet Hennessy 0.39%
Metcash Ltd 0.07%
Pernod-Ricard SA 0.21%
Treasury Wine Est 0.04%

GMOs

Bayer AG 0.22%
Nufarm Limited 0.10%

Human Rights & Environmental Violations

Archer Daniels 0.01%
BHP Billiton Ltd 0.23%
Duke Energy Corp 0.10%
Essity Aktiebolag-B 0.34%
Johnson & Johnson 0.21%
Nestle SA 0.58%
Rio Tinto Limited 0.16%
Royal Dutch Shell 0.03%
Sempra Energy 0.08%

Animal Testing

Air Liquide 0.210%
Akzo Nobel N.V 0.140%
Archer Daniels 0.010%
Bayer AG 0.220%
Burberry Group PLC 0.050%
Coca Cola Co 0.110%
Colgate Palmolive 0.160%
Danone 0.210%
Essity Aktiebolag-B 0.340%
Glaxosmithkline PLC 0.030%
Johnson & Johnson 0.210%
Koninklijke Dsm Nv 0.210%
LVMH Moet Hennessy 0.390%
Mitsubishi Gas Chem 0.010%
Nestle SA 0.580%
Pepsico Inc 0.100%
PPG Industries Inc 0.140%
Reckitt Benckiser 0.300%
Royal Dutch Shell 0.030%
Sainsbury (J) PLC 0.010%
Solvay SA 0.010%
Unilever Nv Ord 0.160%
Walgreens Boots Alli 0.030%

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

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
2020	-2.86%	-1.59%
2019	4.44%	5.69%
2018	4.90%	5.04%
2017	5.60%	4.85%
2016	3.06%	3.48%
2015	8.56%	12.59%
2014	6.13%	6.96%
2013	8.77%	11.44%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

Cash Deposit (J.P. Morgan USD)
United States Cash and Equivalents A-1

1.66%
Fisher and Paykel Healthcare
New Zealand Australasian Equities

1.22%
ASB Registered Certificate Of Deposit 28/08/2020
New Zealand Cash and Equivalents A-1+

1.04%
NZ Govt Stock 15/04/2037 2.75%
New Zealand NZ Fixed Interest AA+

1.04%
ASB Registered Certificate Of Deposit 25/09/2020
New Zealand Cash and Equivalents A-1+

1.03%
A2 Corp Limited
New Zealand Australasian Equities

0.97%
BNZ Registered Certificate Of Deposit 12/08/2020
New Zealand Cash and Equivalents A-1+

0.9%
NZ Govt Stock 20/04/2029 3%
New Zealand NZ Fixed Interest AA+

0.88%
Visa Inc
United States International Equities

0.78%
ASB Registered Certificate Of Deposit 15/09/2020
New Zealand Cash and Equivalents A-1+

0.74%

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

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

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	10.0%	10.76%
New Zealand Fixed Interest	12.0%	10.87%
International Fixed Interest	28.0%	24.3%
Australasian Equities	11.5%	12.86%
International Equities	30.5%	33.07%
Listed Properties	6.0%	6.2%
Unlisted Properties	0.0%	0.0%
Other	2.0%	1.93%
Commodities	0.0%	0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 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:

1.41%
Animal Testing:

3.71%
Fossil Fuels:

1.20%
Gambling:

0.31%
GMOs:

0.33%
Human Rights & Environmental Violations:

1.76%
Palm Oil:

0.00%
Tobacco:

0.00%
Weapons:

0.40%

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 similar amounts of income assets (cash and cash equivalents and fixed interest) and growth assets (equities listed property and listed infrastructure). The fund may also invest in alternative assets.The Balanced Fund aims to achieve (after the fund charge and before tax) over the long-term a moderate yearly return allowing for moderate movements of value up and down including occasional negative yearly returns."

Value	$480M NZD
Period of data report	Tue June 30th 2020
Members	Not provided
Fund started	Thu April 15th 2010
Total annual fund fees	1.17%
Total performance based fees	0.0%
Manager's basic fee	1.1%
Administration charges	0.07%
Total other charges	0.0
Total other charges currency	NZD

Key Personnel

Paul Huxford	Currently: Chief Investment Officer New Zealand (2 years, 0 months) Previously: Acting Chief Investment Officer ANZ Bank New Zealand Limited (0 years, 3 months)
Alan Clarke	Currently: Co-Head of Diversified Portfolio Management (1 years, 4 months) Previously: Senior Mandate Research Manager ANZ Bank New Zealand Limited (3 years, 7 months)
Maaike Van Tol	Currently: Co-Head of Diversified Portfolio Management (1 years, 4 months) Previously: Senior Asset Allocation Manager ANZ Bank New Zealand Limited (1 years, 8 months)
Mathew Young	Currently: Head of Investment Implementation and FX Strategy (1 years, 4 months) Previously: Head of Investment Implementation ANZ Bank New Zealand Limited (2 years, 2 months)
Iain Cox	Currently: Australasian Head of Fixed Interest and Cash (6 years, 4 months) Previously: Senior Fixed Interest Analyst ANZ Bank New Zealand Limited (2 years, 10 months)

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

Downloads

Download the fund's disclosure statement and portfolio holdings.

Portfolio holdings v