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:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

    • Nestle SA-Reg 0.50%
    • Thermo Fisher Scientific Inc 0.41%
    • Rio Tinto Ltd 0.13%
    • Credit Suisse Group AG 0.06%
    • China Petroleum & Chemical-H 0.03% !!
      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
    • Johnson & Johnson 0.03%
    • Caterpillar Inc 0.02%
    • Teva Pharmaceutical Ind Ltd 0.01%
    • BHP Group Ltd 0.32% !!
      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
    • Bayer AG-Reg 0.13%
    • 3M Co 0.10%
    • Duke Energy Corp 0.09%
    • Shell PLC 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
    • Archer-Daniels-Midland Co 0.03%
    • Bunge Ltd 0.02%
    • Adeka Corp 0.01%
    • LVMH Moet Hennessy Louis Vui 0.34%
    • Air Liquide SA 0.21%
    • Intl Flavors & Fragrances 0.15%
    • PPG Industries Inc 0.14%
    • Rentokil Initial PLC 0.14%
    • Bayer AG-Reg 0.13%
    • 3M Co 0.10%
    • Akzo Nobel N.V. 0.10%
    • Burberry Group PLC 0.08%
    • L'Oreal 0.07%
    • Hermes International 0.06%
    • Orica Ltd 0.06%
    • Shell PLC 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
    • Sherwin-Williams Co/The 0.05%
    • China Petroleum & Chemical-H 0.03% !!
      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
    • Koninklijke Ahold Delhaize N 0.03%
    • Eastman Chemical Co 0.02%
    • Mosaic Co/The 0.02%
    • Solvay SA 0.02%
    • Yara International Asa 0.02%
    • Adeka Corp 0.01%
    • Capri Holdings Ltd 0.01%
    • Huntsman Corp 0.01%
    • Canadian Tire Corp-Class A 0.02%
    • Dick'S Sporting Goods Inc 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
    • Contact Energy Ltd 0.46% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.32% !!
      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
    • Woodside Energy Group Ltd 0.14% !!
      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
    • Rio Tinto Ltd 0.13%
    • American Electric Power 0.12%
    • Genesis Energy Ltd 0.11%
    • Ameren Corporation 0.10%
    • Santos Ltd 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
    • Duke Energy Corp 0.09%
    • Entergy Corp 0.08%
    • Intertek Group PLC 0.08%
    • Vopak 0.08% !!
      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
    • Edp-Energias De Portugal SA 0.07% 1.5°C
      This company is on a 1.5°C pathway
    • National Grid PLC 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
    • Sempra Energy 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
    • Orica Ltd 0.06%
    • Cheniere Energy Inc 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
    • Dominion Energy Inc 0.05%
    • Marathon Petroleum Corp 0.05%
    • Nisource Inc 0.05%
    • Shell PLC 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
    • Ampol Ltd 0.04%
    • Enbridge Inc 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
    • Total SA 0.04%
    • Valero Energy Corp 0.04%
    • China Petroleum & Chemical-H 0.03% !!
      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
    • Hf Sinclair Corp 0.03%
    • Itochu Corp 0.03% !!
      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
    • Mitsui & Co Ltd 0.03% !!
      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
    • Phillips 66 0.03%
    • Beijing Enterprises Hldgs 0.02%
    • Cassa Depositi E Prestit 0.02%
    • Ck Hutchison Holdings Ltd 0.02%
    • Jefferies Financial Group In 0.02%
    • Korea Electric Power Co 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
    • 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
    • Orsted A/S 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Repsol SA 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
    • 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
    • Centrica PLC 0.01%
    • Lg Corp 0.01%
    • Motor Oil (Hellas) SA 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
    • Nrg Energy Inc 0.01%
    • Tenaga Nasional Bhd 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. 2023 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

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 $800M NZD
Period of data report 30th Sept. 2023
Fund started 15th April 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

Paul Huxford

Currently: Chief Investment Officer, New Zealand (5 years, 3 months)
Previously: Acting Chief Investment Officer, ANZ Bank New Zealand Limited (0 years, 3 months)

Maaike Van Tol

Currently: Head of Asset Allocation (4 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 (4 years, 7 months)
Previously: Head of Investment Implementation, ANZ Bank New Zealand Limited (2 years, 2 months)

Helen Skinner

Currently: Head of Responsible Investing (1 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 30th Sept. 2023.

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
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%
2015 8.56% 12.59%
2014 6.13% 6.96%

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 30th Sept. 2023.

Top 10 Investments

  • United States Notes Fixed 0.75% - Repurchase Agreement
    United States Cash and Equivalents
    1.33%
  • United States Notes Fixed 4.125% - Repurchase Agreement
    United States Cash and Equivalents
    1.3%
  • Cash Deposit (J.P. Morgan USD)
    United States Cash and Equivalents A-1
    1.02%
  • New Zealand Government 14/04/2033 3.50%
    New Zealand NZ Fixed Interest AAA
    0.91%
  • New Zealand Government 15/04/2027 4.5%
    New Zealand NZ Fixed Interest AAA
    0.71%
  • Fisher and Paykel Healthcare Industries Ltd
    New Zealand Australasian Equities
    0.68%
  • New Zealand Government 20/04/2029 3%
    New Zealand NZ Fixed Interest AAA
    0.59%
  • ASB Registered Certificate Of Deposit 19/12/2023
    New Zealand Cash and Equivalents A-1+
    0.59%
  • New Zealand Government 15/04/2025 2.75%
    New Zealand NZ Fixed Interest AAA
    0.56%
  • Goodman Group
    Australia Listed Property
    0.55%
Type Target Actual
Cash and Cash Equivalents 10.0% 8.55%
New Zealand Fixed Interest 10.5% 12.28%
International Fixed Interest 29.5% 32.61%
Australasian Equities 9.5% 9.35%
International Equities 32.5% 29.39%
Listed Properties 6.0% 5.86%
Unlisted Properties 0.0% 0.0%
Other 2.0% 2.26%
Commodities 0.0% 0.0%

Investment Mix

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

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2023.