Westpac Balanced Trust

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Not Mindful
Type: Balanced fund
Past Returns: 3.39%

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

Annual Fees: 1.27%

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

Aes Corporation 3.95% 15-Jul-2030 0.02%
Aker BP Asa 3.75% 15-Jan-2030 0.02%
American Electric Power Company, Inc. 0.03%
Anglo American PLC 0.04%
Atmos Energy Corporation 0.03%
Basf Se 0.03%
BP Capital Markets PLC 3.625% Perp 0.01%
BP Capital Markets PLC 4.25% Perp 0.01%
BP Capital Markets PLC 4.375% Perp 0.02%
BP Capital Markets PLC 4.875% Perp 0.02%
China Longyuan Power Group Corp. Ltd. Class H 0.01%
Ck Hutchison Holdings Ltd 0.03%
Coca-Cola Company 0.03%
Coca-Cola Company 1.0% 15-Mar-2028 0.03%
Devon Energy Corporation 0.01%
Dominion Energy Gas Holdings Llc 3.55% 01-Nov-2023 0.01%
Dominion Energy, Inc. 2.45% 15-Jan-2023 0.04%
Electricite De France SA 0.02%
Electricite De France SA 2.0% 09-Dec-2049 0.01%
Electricite De France SA 3.0% Perp 0.01%
Electricite De France SA 3.375% Perp 0.01%
Electricite De France SA 5.375% Perp 0.04%
Electricite De France SA 5.875% Perp 0.02%
Enagas SA 0.02%
Enbridge Inc. 5.75% 15-Jul-2080 0.02%
Engie SA. 0.375% 11-Jun-2027 0.06%
Eni S.P.A. 0.01%
Exxon Mobil Corporation 0.01%
Firstenergy Corp. 7.375% 15-Nov-2031 0.01%
Genesis Energy Ltd 0.08%
Hess Corporation 3.5% 15-Jul-2024 0.01%
Kinder Morgan Inc Class P 0.02%
Kinder Morgan, Inc. 5.0% 15-Feb-2021 0.03%
Magellan Midstream Partners, L.P. 0.02%
Mplx Lp 4.125% 01-Mar-2027 0.01%
Nextera Energy Capital Holdings, Inc. 2.75% 01-May-2025 0.03%
Nextera Energy Capital Holdings, Inc. 2.75% 01-Nov-2029 0.01%
Nextera Energy, Inc. 0.07%
Nrg Energy, Inc. 0.02%
Pioneer Natural Resources Company 1.9% 15-Aug-2030 0.02%
Posco 0.01%
Reliance Industries Limited Sponsored Gdr 144A 0.02%
Repsol International Finance Bv 3.75% Perp 0.01%
Rio Tinto Ltd 0.12%
Rio Tinto PLC 0.04%
Rwe AG 0.02%
Southwestern Energy Company 0.01%
Upm-Kymmene Oyj 0.03%
Wintershall Dea Finance Bv 0.84% 25-Sep-2025 0.03%
Wintershall Dea Finance Bv 1.332% 25-Sep-2028 0.01%
Wintershall Dea Finance Bv 1.823% 25-Sep-2031 0.02%
Wintershall Dea Gmbh 0.452% 25-Sep-2023 0.03%
Xcel Energy Inc. 3.4% 01-Jun-2030 0.02%
Xcel Energy Inc. 4.0% 15-Jun-2028 0.01%

Weapons

Amphenol Corporation Class A 0.07%
Chemring Group PLC 0.03%
Hexcel Corporation 0.03%
Indra Sistemas, S.A. Class A 0.01%
Lear Corporation 0.03%
Meggitt PLC 0.02%
Navistar International Corporation 0.05%

Tobacco

Alimentation Couche-Tard Inc. 3.8% 25-Jan-2050 0.02%
Dufry AG 0.02%

Gambling

Aristocrat Leisure Ltd 0.09%
Genting Singapore Limited 0.01%
Las Vegas Sands Corp. 0.02%
Playtech PLC 0.02%
Sky City Entertainment Group 0.36%
Vici Properties Inc 0.02%
Wynn Macau Ltd. 0.01%

Alcohol

Ambev SA Sponsored Adr 0.02%
Anheuser-Busch Cos. Llc 3.65% 01-Feb-2026 0.04%
Anheuser-Busch Inbev SA/Nv 2.125% 02-Dec-2027 0.03%
Anheuser-Busch Inbev SA/Nv 3.7% 02-Apr-2040 0.02%
Anheuser-Busch Inbev Worldwide, Inc. 4.15% 23-Jan-2025 0.02%
Anheuser-Busch Inbev Worldwide, Inc. 5.55% 23-Jan-2049 0.02%
Asahi Group Holdings,Ltd. 0.02%
Carlsberg A/S Class B 0.05%
Davide Campari-Milano N.V. 0.03%
Diageo PLC 0.15%
Dufry AG 0.02%
Heineken Nv 0.10%
Heineken Nv 1.0% 04-May-2026 0.01%
LVMH Moet Hennessy Louis Vuitton Se 0.19%
Pernod Ricard SA 0.11%

Palm Oil

Genting Singapore Limited 0.01%
Posco 0.01%

Human Rights & Environmental Violations

Barrick Gold Corporation 0.02%
Freeport-Mcmoran, Inc. 0.04%
Johnson & Johnson 0.10%
Nestle S.A. 0.21%
Posco 0.01%
Rio Tinto Ltd 0.12%
Rio Tinto PLC 0.04%
Sempra Energy 4.875% Perp 0.03%

Animal Testing

Air Liquide SA 0.070%
Akzo Nobel N.V. 0.080%
Asahi Group Holdings,Ltd. 0.020%
Basf Se 0.030%
Bayer AG 0.150%
Beiersdorf AG 0.020%
Burberry Group PLC 0.030%
Capri Holdings Limited 0.010%
Clorox Company 3.05% 15-Sep-2022 0.020%
Coca-Cola Company 0.030%
Coca-Cola Company 1.0% 15-Mar-2028 0.030%
Colgate-Palmolive Company 0.100%
Danone SA 0.130%
Ecolab Inc. 0.030%
Estee Lauder Companies Inc. Class A 0.070%
Fancl Corporation 0.050%
General Mills, Inc. 0.020%
Givaudan SA 0.030%
Henkel AG & Co. Kgaa 0.020%
Hermes International Sca 0.040%
Hp Inc. 0.040%
Ingevity Corporation 0.020%
Ingredion Incorporated 0.030%
Johnson & Johnson 0.100%
Kikkoman Corporation 0.030%
Kimberly-Clark Corporation 0.010%
Kraft Heinz Company 0.010%
L'Oreal SA 0.020%
Linde PLC 0.180%
LVMH Moet Hennessy Louis Vuitton Se 0.190%
Mondelez International Holdings Netherlands Bv 2.0% 28-Oct-2021 0.030%
Mondelez International Holdings Netherlands Bv 2.125% 19-Sep-2022 0.030%
Mondelez International, Inc. 2.75% 13-Apr-2030 0.020%
Mondelez International, Inc. Class A 0.040%
Mosaic Company 0.020%
Nestle S.A. 0.210%
Nissan Chemical Corporation 0.030%
PPG Industries, Inc. 0.110%
Prada S.P.A. 0.030%
Procter & Gamble Company 0.080%
Reckitt Benckiser Group PLC 0.120%
Reckitt Benckiser Treasury Services (Nederland) Bv 0.375% 19-May-2026 0.020%
Reliance Industries Limited Sponsored Gdr 144A 0.020%
Svenska Cellulosa Aktiebolaget Class B 0.050%
Symrise AG 0.030%
Unilever Nv 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 Thu Dec. 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, Sustainalytics and research organisations.

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
2020 -2.86% -2.4%
2019 4.44% 5.47%
2018 4.90% 7.1%
2017 5.60% 5.18%
2016 3.06% 3.21%
2015 8.56% 11.4%
2014 6.13% 7.7%
2013 8.77% 9.38%
2012 0.50% -0.03%
2011 6.26% 9.0%

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 Thu Dec. 31st 2020.

Showing the top 10 investments for this fund:

  • K2 Alternative Strategies NZ Portfolio
    Cayman Islands Other
    3.81%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    2.9%
  • A2 Milk Company Ltd
    New Zealand Australasian Equities
    1.61%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.4%
  • US 5Yr Note (Cbt)
    United States Int Fixed Interest
    1.32%
  • Mainfreight Ltd
    New Zealand Australasian Equities
    1.3%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.16%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    0.98%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    0.9%
  • Ebos Group Ltd
    New Zealand Australasian Equities
    0.84%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu Dec. 31st 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 3.0% 1.93%
New Zealand Fixed Interest 15.0% 14.96%
International Fixed Interest 22.0% 21.79%
Australasian Equities 20.0% 20.92%
International Equities 31.0% 31.88%
Listed Properties 5.0% 4.58%
Unlisted Properties 0.0% 0.0%
Other 4.0% 3.94%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu Dec. 31st 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:
    0.83%
  • Animal Testing:
    2.55%
  • Fossil Fuels:
    1.57%
  • Gambling:
    0.56%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.61%
  • Palm Oil:
    0.05%
  • Tobacco:
    0.04%
  • Weapons:
    0.26%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu Dec. 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, Sustainalytics and research organisations.

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 Trust aims to provide medium returns over the medium to long term. The fund has a higher benchmark allocation to growth assets than to income assets. Volatility is expected to be higher than the Moderate Trust but lower than the Growth Trust in the Westpac Active Series."

Value $580M NZD
Period of data report Thu Dec. 31st 2020
Members Not provided
Fund started Sat Aug. 1st 1992
Total annual fund fees 1.27%
Total performance based fees 0.0%
Manager's basic fee 1.18%
Administration charges 0.09%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Nigel Jackson

Currently: Acting Head of Investments & Insurance (3 years, 10 months)
Previously: Head of Customer Proposition (7 years, 7 months)

Philip Houghton-Brown

Currently: Head of Investment Solutions (0 years, 4 months)
Previously: Chief Investment Officer / Head of Investments Mercer (8 years, 2 months)

Francois Richeboeuf

Currently: Senior Portfolio Manager (10 years, 2 months)
Previously: Acting Head of Investment Solutions (0 years, 8 months)

Stephen Hong

Currently: Senior Portfolio Manager (8 years, 3 months)
Previously: Portfolio Manager AXA Global Investors (5 years, 9 months)

Angelika Sansom

Currently: Investment Analytics Manager (19 years, 4 months)
Previously: Investment Consultant Mercer (2 years, 4 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu Dec. 31st 2020.

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.