ANZ Balanced Fund

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Fund type: Balanced fund

Past Returns: 6.09%

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

Annual Fees: 0.98%

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

Contact Energy 0.40%
BHP Billiton Ltd 0.39%
Woodside Energy Group 0.22%
Santos Limited 0.16%
American Electric Power 0.12%
Duke Energy Corporation 0.10%
Dominion Energy Inc 0.09%
Entergy Corp 0.09%
Genesis Energy Ltd 0.09%
Sempra 0.09%
National Grid PLC 0.08%
Cheniere Energy Inc 0.07%
Enbridge Inc 0.07%
Koninklijke Vopak Nv 0.07%
Nisource Inc 0.07%
Edp-Energias De Portugal SA 0.05%
Williams Cos Inc 0.05%
Ampol Ltd 0.04%
Marathon Petroleum Corp 0.04%
Valero Energy Corp 0.04%
China Petroleum & Chemical 0.03%
Hf Sinclair Corporation 0.03%
Lyondellbasell Industries Class A 0.03%
Shell PLC 0.03%
Ck Hutchinson Holdings Ltd 0.02%
Contact Energy 11/04/2028 5.82% Nzcend0070L8 0.02%
Dominion Energy Inc Callable Notes Fixed 2.25% 15-Aug-31 Us25746Udl08 0.02%
Genesis Energy Ltd 14/03/28 4.17% 0.02%
Itochu Corp 0.02%
Marubeni Corp 0.02%
Phillips 66 0.02%
Repsol SA 0.02%
Shell International Finance Bv Callable Notes 3.25% 11-May-25 Us822582Bd31 0.02%
Sojitz Corporation 0.02%
Tenaga Nasional Berhad 0.02%
Vistra Corp 0.02%
Eqt Ab Callable Bond Fixed 2.375% 06/Apr/2028 EUR Xs2463988795 0.01%
Lg Corp 0.01%
Marathon Petroleum Corp Callable Notes Fixed 4.7% 01-May-25 Us56585Abh41 0.01%
Mitsui Co Ltd 0.01%
Nextera Energy Capital Holdings Inc Callable Notes 2.94% 21-Mar-24 Us65339Kcd00 0.01%
Nextera Energy Capital Holdings Inc Callable Notes 4.625% 15-Jul-27 Us65339Kch14 0.01%
Nisource Inc Callable Notes Fixed 4.8% 15/Feb/2044 Us65473Qbc69 0.01%
Nrg Energy Inc 0.01%
OMV AG 0.01%
Phillips 66 Co Callable Notes Fixed 3.75% 01-Mar-28 Us718547Ag74 0.01%
Shell International Fin S:Emtn C:Company Guarnt Bg0Tqz5 0.01%
Southern Co/The Callable Notes Fixed 3.25% 01-Jul-26 Us842587Cv72 0.01%
Totalenergies Se Callable Medium Term Note 26-Feb-71 26-Feb-71 Xs1195202822 0.01%

Weapons

Walmart De Mexico Sab De 0.13%
Amphenol Corporation - Class A 0.11%
Dicks Sporting Goods Inc. 0.04%
Canadian Tire Corp - Class A 0.02%

Gambling

Flutter Entertainment PLC 0.15%
Sky City Entertainment Group 0.12%
Aristocrat Leisure Limited 0.11%
Sky City Ltd 0.07%
The Lottery Corp Ltd 0.06%

Alcohol

Heineken Nv 0.41%
Diageo PLC 0.35%
Pernod-Ricard SA 0.25%
Treasury Wine Estates Limited 0.10%
Carlsberg As - B Shs 0.08%
Molson Coors Beverage Co 0.04%
Anheuser-Busch Cos Llc / Anheuser-Busch Inbev 4.7% 01-Feb-36 Us03522Aah32 0.01%
Beijing Enterprises Limited 0.01%

Human Rights & Environmental Violations

Nestle SA 0.63%
Thermo Fisher Scientific Inc 0.49%
BHP Billiton Ltd 0.39%
Bayer AG 0.17%
Rio Tinto Limited 0.12%
Duke Energy Corporation 0.10%
Wells Fargo & Co Callable Medium Term Note 24-Mar-28 24-Mar-28 Us95000U2V48 0.05%
China Petroleum & Chemical 0.03%
Credit Suisse Group AG Callable Notes Variable 02-Apr-32 02-Apr-32 Ch1174335740 0.03%
Shell PLC 0.03%
Archer Daniels Midland Co 0.02%
Credit Suisse Group AG Callable Notes Variable 01-Apr-31 01-Apr-31 Us225401Ap33 0.02%
Johnson & Johnson 0.02%
Shell International Finance Bv Callable Notes 3.25% 11-May-25 Us822582Bd31 0.02%
Adeka Corp 0.01%
Archer-Daniels-Midland Co Callable Notes Fixed 2.9% 01-Mar-32 Us039482Ad67 0.01%
Caterpillar Financial Services Corp Callable 0.8% 13-Nov-25 Us14913R2H93 0.01%
Credit Suisse Group AG Callable Notes Variable 11-Aug-28 11-Aug-28 Us225401Av01 0.01%
Nestle Holdings Inc Callable Notes Fixed 4% 24-Sep-48 Us641062An41 0.01%
Shell International Fin S:Emtn C:Company Guarnt Bg0Tqz5 0.01%
Teva Pharmaceutical Industries Limited 0.01%

Animal Testing

Nestle SA 0.63%
LVMH Moet Hennessy Louis Vuitton SA 0.45%
Danone 0.24%
Coca Cola Co 0.22%
Koninklijke Dsm Nv 0.21%
Air Liquide 0.20%
PPG Industries Inc 0.18%
Bayer AG 0.17%
3M Company 0.16%
Burberry Group PLC 0.11%
Rentokil Initial PLC 0.11%
Akzo Nobel N.V 0.10%
Colgate Palmolive Co 0.10%
Orica Ltd 0.07%
Hermes International 0.06%
Sherwin-Williams Co 0.06%
Koninklijke Ahold Delhaize Nv 0.04%
Molson Coors Beverage Co 0.04%
The Mosaic Company 0.04%
China Petroleum & Chemical 0.03%
Lyondellbasell Industries Class A 0.03%
Shell PLC 0.03%
The Kraft Heinz Company 0.03%
Archer Daniels Midland Co 0.02%
Celanese Corporation Series A 0.02%
Eastman Chemical Co 0.02%
Huntsman Corp 0.02%
Shell International Finance Bv Callable Notes 3.25% 11-May-25 Us822582Bd31 0.02%
Tyson Foods Inc-Cl A 0.02%
Yara International Asa 0.02%
Adeka Corp 0.01%
Archer-Daniels-Midland Co Callable Notes Fixed 2.9% 01-Mar-32 Us039482Ad67 0.01%
Celanese US Holdings Llc Callable Notes Fixed 6.05% 15-Mar-25 Us15089Qal86 0.01%
Ingredion Inc 0.01%
Keurig Dr Pepper Inc Callable Notes Fixed 4.05% 15-Apr-32 Us49271Vaq32 0.01%
Keurig Dr Pepper Inc Callable Notes Fixed 4.5% 15-Apr-52 Us49271Var15 0.01%
Nestle Holdings Inc Callable Notes Fixed 4% 24-Sep-48 Us641062An41 0.01%
Pepsico Inc Callable Notes Fixed 1.625% 01-May-30 Us713448Ez78 0.01%
Procter & Gamble Co/The Callable Notes Fixed 1.9% 01-Feb-27 Us742718Fv65 0.01%
Procter & Gamble Co/The Callable Notes Fixed 3% 25-Mar-30 Us742718Fh71 0.01%
Shell International Fin S:Emtn C:Company Guarnt Bg0Tqz5 0.01%
Solvay SA 0.01%
Tesco PLC 0.01%
Xerox Corp 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 Fri Sept. 30th 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.

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% 1.88%
2021 17.46% 17.98%
2020 -1.59% -1.59%
2019 4.47% 5.69%
2018 4.41% 5.04%
2017 5.71% 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 Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • USD Current Account (Jpm)
    United States Cash and Equivalents A-1
    1.71%
  • Cash Deposit (J.P. Morgan USD)
    United States Cash and Equivalents A-1
    1.12%
  • New Zealand Government 15/05/2024 0.5%
    New Zealand NZ Fixed Interest AAA
    1.05%
  • Visa Inc
    United States International Equities
    0.86%
  • Cash Deposit (J.P. Morgan AUD)
    Australia Cash and Equivalents A-1
    0.76%
  • Fisher and Paykel Healthcare
    New Zealand Australasian Equities
    0.65%
  • Nestle SA
    Switzerland International Equities
    0.63%
  • New Zealand Government 15/04/2025 2.75%
    New Zealand NZ Fixed Interest AAA
    0.62%
  • New Zealand Government 20/04/2029 3%
    New Zealand NZ Fixed Interest AAA
    0.58%
  • New Zealand Government 15/05/2031 1.50%
    New Zealand NZ Fixed Interest AAA
    0.57%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Fri Sept. 30th 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 6.84%
New Zealand Fixed Interest 10.5% 12.97%
International Fixed Interest 29.5% 26.76%
Australasian Equities 9.5% 10.4%
International Equities 32.5% 34.12%
Listed Properties 6.0% 6.67%
Unlisted Properties 0.0% 0.0%
Other 2.0% 2.26%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 2022.

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:
    0.00%
  • Alcohol:
    1.30%
  • Animal Testing:
    4.18%
  • Fossil Fuels:
    3.27%
  • Gambling:
    0.52%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    2.43%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.30%

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

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 $820M NZD
Period of data report Fri Sept. 30th 2022
Fund started Thu April 15th 2010
Total annual fund fees 0.98%
Total performance based fees 0.0%
Manager's basic fee 0.9%
Other management and administration charges 0.08%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Paul Huxford

Currently: Chief Investment Officer, New Zealand (4 years, 3 months)
Previously: Acting Chief Investment Officer, ANZ Bank New Zealand Limited (0 years, 3 months)

Alan Clarke

Currently: Co-Head of Diversified Portfolio Management (3 years, 7 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 (3 years, 7 months)
Previously: Senior Asset Allocation Manager, ANZ Bank New Zealand Limited (1 years, 8 months)

Mathew Young

Currently: Head of FX Strategy and Implementation (3 years, 7 months)
Previously: Head of Investment Implementation, ANZ Bank New Zealand Limited (2 years, 2 months)

Helen Skinner

Currently: Head of Responsible Investing (0 years, 4 months)
Previously: Head of Emerging Wealth, Craigs Investment Partners (1 years, 2 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.