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

    • Meta Platforms Inc-Class A 0.29%
    • Thermo Fisher Scientific Inc 0.17%
    • Credit Suisse Group AG 0.15%
    • Nestle SA-Reg 0.15%
    • Johnson & Johnson 0.14%
    • Meta Platforms Inc 0.11%
    • Caterpillar Inc 0.04%
    • Thermo Fisher Scientific 0.03%
    • Uber Technologies Inc 0.03%
    • 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
    • Nutrien Ltd 0.11%
    • 3M Co 0.05%
    • Archer-Daniels-Midland Co 0.03%
    • Jbs Usa/Food/Finance 0.03%
    • Bayer AG 0.02%
    • Procter & Gamble Co/The 0.19%
    • Colgate-Palmolive Co 0.18%
    • Ecolab Inc 0.12%
    • Nutrien Ltd 0.11%
    • Unilever PLC 0.10%
    • Kimberly-Clark Corp 0.09%
    • Air Liquide SA 0.07%
    • Symrise AG 0.07%
    • Dow Inc 0.06%
    • 3M Co 0.05%
    • Burberry Group PLC 0.05%
    • Koninklijke Ahold Delhaize N 0.05%
    • Sherwin-Williams Co/The 0.05%
    • Ultrapar Particpac-Spon Adr 0.05%
    • Estee Lauder Companies-Cl A 0.04%
    • L'Oreal 0.04%
    • Prada S.P.A. 0.04%
    • Clorox Company 0.03%
    • LVMH Moet Hennessy Louis Vui 0.03%
    • Bayer AG 0.02%
    • Hermes International 0.02%
    • Shin-Etsu Chemical Co Ltd 0.02%
    • Moncler Spa 0.01%
    • Pilgrim'S Pride Corp 0.01%
    • PPG Industries Inc 0.01%
    • Kongsberg Gruppen Asa 0.04%
    • Amphenol Corp-Cl A 0.02%
    • Walmart Inc 0.02%
    • Booz Allen Hamilton Inc 0.01%
    • Contact Energy Ltd 1.32% 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
    • Genesis Energy Ltd 0.27%
    • Engie SA 0.13% !!
      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
    • Iberdrola SA 0.11% 1.5°C
      This company is on a 1.5°C pathway
    • Nextera Energy Inc 0.08%
    • Electricite De France SA 0.07%
    • Itochu Corp 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
    • Marubeni Corp 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
    • Orsted A/S 0.05% 1.5°C
      This company is on a 1.5°C pathway
    • Parkland Corp 0.05%
    • Samsung C&T Corp 0.05%
    • Sempra Energy 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
    • Southern Co 0.04%
    • National Grid PLC 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
    • China Longyuan Power Group-H 0.02%
    • Con Edison Co Of Ny Inc 0.02%
    • Constellation Energy 0.02%
    • Enbw Intl Finance Bv 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Enel Finance Intl Nv 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Fairfax Financial Hldgs Ltd 0.02%
    • Lg Corp 0.02%
    • Oci Nv 0.02%
    • Southern Co/The 0.02%
    • Compagnie De Saint Gobain 0.01%
    • Consolidated Edison Inc 0.01%
    • E.On Se 0.01%
    • Entergy Corp 0.01%
    • Kunlun Energy Co Ltd 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
    • Public Service Enterprise Gp 0.01%
    • South32 Treasury Ltd 0.01%
    • Vistra 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 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 Trust aims to provide medium returns over the medium to long term. The fund has a higher target 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 $312M NZD
Period of data report 30th Sept. 2023
Fund started 1st Aug. 1992
Total annual fund fees 0.81%
Total performance based fees 0.0%
Manager's basic fee 0.81%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Nigel Jackson

Currently: Chief Executive Officer – BT Funds Management (NZ) Limited (1 years, 2 months)
Previously: Head of Investments (1 years, 6 months)

Philip Houghton-Brown

Currently: Head of Investment Solutions (3 years, 0 months)
Previously: Chief Investment Officer / Head of Investments, Mercer (8 years, 2 months)

Francois Richeboeuf

Currently: Senior Manager (12 years, 11 months)
Previously: Acting Head of Investment Solutions (0 years, 8 months)

Stephen Hong

Currently: Senior Portfolio Manager (11 years, 0 months)
Previously: Portfolio Manager, AXA Global Investors (5 years, 9 months)

Angelika Sansom

Currently: Investment Analytics Manager (22 years, 1 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 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% -3.07%
2022 1.06% -1.06%
2021 18.16% 19.97%
2020 -1.83% -2.4%
2019 4.49% 5.47%
2018 4.41% 7.1%
2017 5.71% 5.18%
2016 3.06% 3.21%
2015 8.56% 11.4%
2014 6.13% 7.7%

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

  • US 5Yr Note
    United States Int Fixed Interest AA+
    1.69%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    1.54%
  • Microsoft Corporation
    United States International Equities
    1.45%
  • Infratil Ltd
    New Zealand Australasian Equities
    1.38%
  • US 2Yr Note
    United States Int Fixed Interest AA+
    1.3%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.25%
  • Apple Inc.
    United States International Equities
    1.22%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    1.17%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.1%
  • Euro Schatz Future
    Germany Int Fixed Interest AAA
    1.03%
Type Target Actual
Cash and Cash Equivalents 4.0% 7.35%
New Zealand Fixed Interest 14.0% 14.35%
International Fixed Interest 22.0% 22.4%
Australasian Equities 18.0% 17.94%
International Equities 36.0% 32.02%
Listed Properties 6.0% 5.94%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
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.