Funds

OneAnswer MAC Balanced Fund

Total Ethical Concerns: 6.69%

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

Companies of Concern

  • Animal Cruelty 1.02%

    • Shell
      0.16%
      !!
      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
      0.16%
    • Koninklijke Ahold Delhaize Nv
      0.12%
      0.12%
    • The Clorox Co.
      0.07%
      0.07%
    • Air Liquide
      0.06%
      0.06%
    • L'Oréal SA
      0.06%
      0.06%
    • Orica Ltd.
      0.06%
      0.06%
    • Dcc PLC
      0.05%
      0.05%
    • 3M
      0.03%
      0.03%
    • Henkel AG & Co. Kgaa
      0.03%
      0.03%
    • Hermès International Sca
      0.03%
      0.03%
    • PPG Industries, Inc.
      0.03%
      0.03%
    • Adeka Corp.
      0.02%
      0.02%
    • Church & Dwight Co., Inc.
      0.02%
      0.02%
    • Ecolab, Inc.
      0.02%
      0.02%
    • Givaudan Finance Europe Bv
      0.02%
      0.02%
    • Givaudan SA
      0.02%
      0.02%
    • Kimberly-Clark Corp.
      0.02%
      0.02%
    • The Mosaic Co.
      0.02%
      0.02%
    • The Sherwin-Williams Co.
      0.02%
      0.02%
    • Unilever PLC
      0.02%
      0.02%
    • Eastman Chemical Co.
      0.01%
      0.01%
    • Essity
      0.01%
      0.01%
    • Mitsubishi Gas Chemical Co., Inc.
      0.01%
      0.01%
    • Syensqo Nv
      0.01%
      0.01%
  • Human Rights Violations 1.11%

    • 0.35%
    • Wells Fargo
      0.20%
      0.20%
    • Rio Tinto
      0.12%
      0.12%
    • 0.11%
    • Ubs
      0.11%
      0.11%
    • General Motors
      0.04%
      0.04%
    • Ck Hutchison
      0.02%
      0.02%
    • Holcim
      0.02%
      0.02%
  • Social Harm 0.41%

  • Fossil Fuels 3.8%

    • Contact Energy Ltd.
      0.63%
      1.5°C
      This company is on a 1.5°C pathway
      0.63%
    • BHP
      0.25%
      !!
      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
      0.25%
    • 0.23%
    • Totalenergies Se
      0.17%
      !!
      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
      0.17%
    • Shell
      0.16%
      !!
      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
      0.16%
    • Equinor Asa
      0.15%
      !!
      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
      0.15%
    • Enel
      0.13%
      1.5°C
      This company is on a 1.5°C pathway
      0.13%
    • Rio Tinto
      0.12%
      0.12%
    • Cheniere Energy, Inc.
      0.10%
      !!
      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
      0.10%
    • National Grid PLC
      0.10%
      !!
      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
      0.10%
    • Pacificorp.
      0.10%
      0.10%
    • Ameren Corp.
      0.09%
      0.09%
    • Dominion Energy, Inc.
      0.09%
      0.09%
    • Santos Ltd.
      0.09%
      !!
      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
      0.09%
    • Edp-Energias De Portugal SA
      0.08%
      1.5°C
      This company is on a 1.5°C pathway
      0.08%
    • Enbridge, Inc.
      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%
    • Entergy Corp.
      0.07%
      0.07%
    • Kinder Morgan, Inc.
      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%
    • American Electric Power Co., Inc.
      0.06%
      0.06%
    • Orica Ltd.
      0.06%
      0.06%
    • Sempra Energy
      0.06%
      !!
      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
      0.06%
    • Duke Energy Corp
      0.05%
      0.05%
    • Evergy, Inc.
      0.05%
      0.05%
    • Galp Energia Sgps SA
      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%
    • Nisource, Inc.
      0.05%
      0.05%
    • Oneok, Inc.
      0.05%
      0.05%
    • Royal Vopak Nv
      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%
    • Centrica PLC
      0.04%
      0.04%
    • Enterprise Products Partners Lp
      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%
    • Marathon Petroleum Corp.
      0.04%
      0.04%
    • Nrg Energy, Inc.
      0.03%
      0.03%
    • Altagas Ltd.
      0.02%
      0.02%
    • Cassa Depositi E Prestiti Spa
      0.02%
      0.02%
    • Ck Hutchison
      0.02%
      0.02%
    • Consolidated Edison, Inc.
      0.02%
      0.02%
    • Delta Air Lines, Inc.
      0.02%
      0.02%
    • Halliburton Co.
      0.02%
      0.02%
    • Hf Sinclair Corp
      0.02%
      0.02%
    • Inpex Corp.
      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%
    • Jefferies
      0.02%
      0.02%
    • Keyera Corp.
      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%
    • Korea Electric Power Corporation (Kepco)
      0.02%
      0.02%
    • Marubeni Corp.
      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%
    • Midamerican Energy Co.
      0.02%
      0.02%
    • Mitsui & Co., Ltd.
      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%
    • OMV AG
      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%
    • Repsol
      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%
    • Snam Spa
      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%
    • Sojitz Corp.
      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%
    • Valero Energy Corp.
      0.02%
      0.02%
    • Viva Energy Group Ltd.
      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%
    • Enel Chile SA
      0.01%
      1.5°C
      This company is on a 1.5°C pathway
      0.01%
    • Osaka Gas
      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%
    • Pembina Pipeline Corp.
      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%
    • Phillips 66
      0.01%
      0.01%
    • Scorpio Tankers, Inc.
      0.01%
      0.01%
    • Sgs Nederland Holding Bv
      0.01%
      0.01%
    • The Weir Group PLC
      0.01%
      0.01%
  • Weapons 0.07%

    • Mueller Industries, Inc.
      0.02%
      0.02%
    • Sojitz Corp.
      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%
    • Canadian Tire Corp. Ltd.
      0.01%
      0.01%
  • Environmental Harm 1.19%

    • Coca-Cola
      0.26%
      0.26%
    • BHP
      0.25%
      !!
      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
      0.25%
    • Fonterra
      0.24%
      0.24%
    • Shell
      0.16%
      !!
      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
      0.16%
    • Pepsico
      0.07%
      0.07%
    • 0.06%
    • Duke Energy Corp
      0.05%
      0.05%
    • 3M
      0.03%
      0.03%
    • Adeka Corp.
      0.02%
      0.02%
    • Archer-Daniels Midland
      0.02%
      0.02%
    • Unilever PLC
      0.02%
      0.02%
    • Wh Group
      0.02%
      0.02%

Fund Provider Response

At ANZ, our approach to responsible investment includes ESG integration, stewardship, and exclusions. We integrate ESG considerations in our evaluation of companies and selection of external investment managers. We demonstrate stewardship through direct engagement and proxy voting and indirectly through the expectations we have of our external managers. We also exclude some companies and industries based on their involvement in specified activities, or for breaching global norms. Please see our website for further information on our approach to responsible investment: https://www.anz.co.nz/personal/investing-kiwisaver/about-anz-investments/responsible-investing/

From the Fund Provider

  • About this fund

    About this Fund

    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 moderate returns, allowing for moderate ups and downs in value.

    Value $801M NZD
    Period of data report 31st March 2025
    Fund started 15th April 2010
    Total annual fund fees 0.93%
    Total performance based fees 0.0%
    Manager's basic fee 0.85%
    Other management and administration charges 0.08%
    Total other charges 0.0
    Total other charges currency NZD

    George Crosby

    Currently: Chief Investment Officer (1 years, 1 months)
    Previously: General Manager Portfolio Completion, New Zealand Superannuation Fund (2 years, 9 months)

    Mathew Young

    Currently: Deputy Chief Investment Officer (1 years, 0 months)
    Previously: Head of FX Strategy and Implementation, ANZ Bank New Zealand Limited (5 years, 1 months)

    Qing Ding

    Currently: Head of Asset Allocation (0 years, 7 months)
    Previously: Portfolio Manager, New Zealand Superannuation Fund (2 years, 2 months)

    Paul Gregory

    Currently: Head of Investment Partnerships (1 years, 0 months)
    Previously: Executive Director, Response and Enforcement, Financial Markets Authority (3 years, 4 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% 2.7%
    2024 9.97% 7.49%
    2023 -2.59% -3.42%
    2022 1.06% 1.88%
    2021 18.16% 17.98%
    2020 -1.83% -1.59%
    2019 4.49% 5.69%
    2018 4.41% 5.04%
    2017 5.71% 4.85%
    2016 3.06% 3.48%

    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

    • Tba Umbs Single Family 30Yr 6.5 06/25

      United States Int Fixed Interest

      2.21%
    • Tba Umbs Single Family 30Yr 6.0 06/25

      United States Int Fixed Interest

      1.23%
    • Fisher and Paykel Healthcare Industries Ltd

      New Zealand Australasian Equities

      0.99%
    • Apple Inc

      United States International Equities

      0.71%
    • Tba Umbs Single Family 30Yr 5.0 05/25

      United States Int Fixed Interest

      0.7%
    • Auckland International Airport

      New Zealand Australasian Equities

      0.64%
    • New Zealand Government 14/04/2033 3.50%

      New Zealand NZ Fixed Interest AAA

      0.64%
    • Jpm NZD Bank Account

      New Zealand Cash and Equivalents A-1

      0.63%
    • Bank Deposit (USD Jpm )

      United States Cash and Equivalents A-1

      0.62%
    • New Zealand Government 15/05/2028 0.25%

      New Zealand NZ Fixed Interest AAA

      0.61%
    Type Target Actual
    Cash and Cash Equivalents 8.0% 7.34%
    New Zealand Fixed Interest 10.8% 13.41%
    International Fixed Interest 31.2% 29.35%
    Australasian Equities 9.9% 9.76%
    International Equities 34.4% 34.04%
    Listed Properties 3.85% 4.11%
    Unlisted Properties 0.0% 0.0%
    Other 1.85% 2.09%
    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

  • 1.02% Animal Cruelty
  • 1.11% Human Rights Violations
  • 0.41% Social Harm
  • 3.8% Fossil Fuels
  • 0.07% Weapons
  • 1.19% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • Shell
      0.16%
      !!
      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
      0.16%
    • Koninklijke Ahold Delhaize Nv
      0.12%
      0.12%
    • The Clorox Co.
      0.07%
      0.07%
    • Air Liquide
      0.06%
      0.06%
    • L'Oréal SA
      0.06%
      0.06%
    • Orica Ltd.
      0.06%
      0.06%
    • Dcc PLC
      0.05%
      0.05%
    • 3M
      0.03%
      0.03%
    • Henkel AG & Co. Kgaa
      0.03%
      0.03%
    • Hermès International Sca
      0.03%
      0.03%
    • PPG Industries, Inc.
      0.03%
      0.03%
    • Adeka Corp.
      0.02%
      0.02%
    • Church & Dwight Co., Inc.
      0.02%
      0.02%
    • Ecolab, Inc.
      0.02%
      0.02%
    • Givaudan Finance Europe Bv
      0.02%
      0.02%
    • Givaudan SA
      0.02%
      0.02%
    • Kimberly-Clark Corp.
      0.02%
      0.02%
    • The Mosaic Co.
      0.02%
      0.02%
    • The Sherwin-Williams Co.
      0.02%
      0.02%
    • Unilever PLC
      0.02%
      0.02%
    • Eastman Chemical Co.
      0.01%
      0.01%
    • Essity
      0.01%
      0.01%
    • Mitsubishi Gas Chemical Co., Inc.
      0.01%
      0.01%
    • Syensqo Nv
      0.01%
      0.01%
  • Human Rights Violations

    • 0.35%
    • Wells Fargo
      0.20%
      0.20%
    • Rio Tinto
      0.12%
      0.12%
    • 0.11%
    • Ubs
      0.11%
      0.11%
    • General Motors
      0.04%
      0.04%
    • Ck Hutchison
      0.02%
      0.02%
    • Holcim
      0.02%
      0.02%
  • Fossil Fuels

    • Contact Energy Ltd.
      0.63%
      1.5°C
      This company is on a 1.5°C pathway
      0.63%
    • BHP
      0.25%
      !!
      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
      0.25%
    • 0.23%
    • Totalenergies Se
      0.17%
      !!
      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
      0.17%
    • Shell
      0.16%
      !!
      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
      0.16%
    • Equinor Asa
      0.15%
      !!
      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
      0.15%
    • Enel
      0.13%
      1.5°C
      This company is on a 1.5°C pathway
      0.13%
    • Rio Tinto
      0.12%
      0.12%
    • Cheniere Energy, Inc.
      0.10%
      !!
      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
      0.10%
    • National Grid PLC
      0.10%
      !!
      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
      0.10%
    • Pacificorp.
      0.10%
      0.10%
    • Ameren Corp.
      0.09%
      0.09%
    • Dominion Energy, Inc.
      0.09%
      0.09%
    • Santos Ltd.
      0.09%
      !!
      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
      0.09%
    • Edp-Energias De Portugal SA
      0.08%
      1.5°C
      This company is on a 1.5°C pathway
      0.08%
    • Enbridge, Inc.
      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%
    • Entergy Corp.
      0.07%
      0.07%
    • Kinder Morgan, Inc.
      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%
    • American Electric Power Co., Inc.
      0.06%
      0.06%
    • Orica Ltd.
      0.06%
      0.06%
    • Sempra Energy
      0.06%
      !!
      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
      0.06%
    • Duke Energy Corp
      0.05%
      0.05%
    • Evergy, Inc.
      0.05%
      0.05%
    • Galp Energia Sgps SA
      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%
    • Nisource, Inc.
      0.05%
      0.05%
    • Oneok, Inc.
      0.05%
      0.05%
    • Royal Vopak Nv
      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%
    • Centrica PLC
      0.04%
      0.04%
    • Enterprise Products Partners Lp
      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%
    • Marathon Petroleum Corp.
      0.04%
      0.04%
    • Nrg Energy, Inc.
      0.03%
      0.03%
    • Altagas Ltd.
      0.02%
      0.02%
    • Cassa Depositi E Prestiti Spa
      0.02%
      0.02%
    • Ck Hutchison
      0.02%
      0.02%
    • Consolidated Edison, Inc.
      0.02%
      0.02%
    • Delta Air Lines, Inc.
      0.02%
      0.02%
    • Halliburton Co.
      0.02%
      0.02%
    • Hf Sinclair Corp
      0.02%
      0.02%
    • Inpex Corp.
      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%
    • Jefferies
      0.02%
      0.02%
    • Keyera Corp.
      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%
    • Korea Electric Power Corporation (Kepco)
      0.02%
      0.02%
    • Marubeni Corp.
      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%
    • Midamerican Energy Co.
      0.02%
      0.02%
    • Mitsui & Co., Ltd.
      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%
    • OMV AG
      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%
    • Repsol
      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%
    • Snam Spa
      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%
    • Sojitz Corp.
      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%
    • Valero Energy Corp.
      0.02%
      0.02%
    • Viva Energy Group Ltd.
      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%
    • Enel Chile SA
      0.01%
      1.5°C
      This company is on a 1.5°C pathway
      0.01%
    • Osaka Gas
      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%
    • Pembina Pipeline Corp.
      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%
    • Phillips 66
      0.01%
      0.01%
    • Scorpio Tankers, Inc.
      0.01%
      0.01%
    • Sgs Nederland Holding Bv
      0.01%
      0.01%
    • The Weir Group PLC
      0.01%
      0.01%
  • Weapons

    • Mueller Industries, Inc.
      0.02%
      0.02%
    • Sojitz Corp.
      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%
    • Canadian Tire Corp. Ltd.
      0.01%
      0.01%
  • Environmental Harm

    • Coca-Cola
      0.26%
      0.26%
    • BHP
      0.25%
      !!
      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
      0.25%
    • Fonterra
      0.24%
      0.24%
    • Shell
      0.16%
      !!
      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
      0.16%
    • Pepsico
      0.07%
      0.07%
    • 0.06%
    • Duke Energy Corp
      0.05%
      0.05%
    • 3M
      0.03%
      0.03%
    • Adeka Corp.
      0.02%
      0.02%
    • Archer-Daniels Midland
      0.02%
      0.02%
    • Unilever PLC
      0.02%
      0.02%
    • Wh Group
      0.02%
      0.02%

Fund Provider Response

At ANZ, our approach to responsible investment includes ESG integration, stewardship, and exclusions. We integrate ESG considerations in our evaluation of companies and selection of external investment managers. We demonstrate stewardship through direct engagement and proxy voting and indirectly through the expectations we have of our external managers. We also exclude some companies and industries based on their involvement in specified activities, or for breaching global norms. Please see our website for further information on our approach to responsible investment: https://www.anz.co.nz/personal/investing-kiwisaver/about-anz-investments/responsible-investing/

About this Fund

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 moderate returns, allowing for moderate ups and downs in value.

Value $801M NZD
Period of data report 31st March 2025
Fund started 15th April 2010
Total annual fund fees 0.93%
Total performance based fees 0.0%
Manager's basic fee 0.85%
Other management and administration charges 0.08%
Total other charges 0.0
Total other charges currency NZD

George Crosby

Currently: Chief Investment Officer (1 years, 1 months)
Previously: General Manager Portfolio Completion, New Zealand Superannuation Fund (2 years, 9 months)

Mathew Young

Currently: Deputy Chief Investment Officer (1 years, 0 months)
Previously: Head of FX Strategy and Implementation, ANZ Bank New Zealand Limited (5 years, 1 months)

Qing Ding

Currently: Head of Asset Allocation (0 years, 7 months)
Previously: Portfolio Manager, New Zealand Superannuation Fund (2 years, 2 months)

Paul Gregory

Currently: Head of Investment Partnerships (1 years, 0 months)
Previously: Executive Director, Response and Enforcement, Financial Markets Authority (3 years, 4 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% 2.7%
2024 9.97% 7.49%
2023 -2.59% -3.42%
2022 1.06% 1.88%
2021 18.16% 17.98%
2020 -1.83% -1.59%
2019 4.49% 5.69%
2018 4.41% 5.04%
2017 5.71% 4.85%
2016 3.06% 3.48%

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

  • Tba Umbs Single Family 30Yr 6.5 06/25

    United States Int Fixed Interest

    2.21%
  • Tba Umbs Single Family 30Yr 6.0 06/25

    United States Int Fixed Interest

    1.23%
  • Fisher and Paykel Healthcare Industries Ltd

    New Zealand Australasian Equities

    0.99%
  • Apple Inc

    United States International Equities

    0.71%
  • Tba Umbs Single Family 30Yr 5.0 05/25

    United States Int Fixed Interest

    0.7%
  • Auckland International Airport

    New Zealand Australasian Equities

    0.64%
  • New Zealand Government 14/04/2033 3.50%

    New Zealand NZ Fixed Interest AAA

    0.64%
  • Jpm NZD Bank Account

    New Zealand Cash and Equivalents A-1

    0.63%
  • Bank Deposit (USD Jpm )

    United States Cash and Equivalents A-1

    0.62%
  • New Zealand Government 15/05/2028 0.25%

    New Zealand NZ Fixed Interest AAA

    0.61%
Type Target Actual
Cash and Cash Equivalents 8.0% 7.34%
New Zealand Fixed Interest 10.8% 13.41%
International Fixed Interest 31.2% 29.35%
Australasian Equities 9.9% 9.76%
International Equities 34.4% 34.04%
Listed Properties 3.85% 4.11%
Unlisted Properties 0.0% 0.0%
Other 1.85% 2.09%
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.