Westpac Balanced Trust

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Fund type: Balanced fund

Past Returns: 5.50%

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 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

Anglo American Capital PLC 4.0% 11-Sep-2027 0.01%
Anglo American PLC 0.10%
Atmos Energy Corporation 0.03%
BHP Group Ltd 0.20%
China Suntien Green Energy Corporation Limited Class H 0.04%
Citic Limited 0.02%
Empresas Copec S.A. 0.05%
Itochu Corporation 0.04%
Lg Corp 0.03%
Loews Corporation 0.04%
Naturgy Energy Group, S.A. 0.01%
Nippon Yusen Kabushiki Kaisha 0.04%
Parkland Corporation 0.05%
Posco Holdings Inc. 0.03%
Pt Astra International Tbk 0.01%
Public Service Enterprise Group Inc 0.01%
Public Service Enterprise Group Incorporated 0.841% 08-Nov-2023 0.02%
Tc Energy Corporation 0.05%

Weapons

Amphenol Corporation Class A 0.06%
Chemring Group PLC 0.03%
Exor N.V. 0.01%
Singapore Technologies Engineering Ltd 0.02%

Tobacco

Lawson, Inc. 0.03%

Gambling

888 Holdings PLC 0.01%
Genting Bhd. 0.01%
Las Vegas Sands Corp. 0.03%
Mgm Growth Properties Llc Class A 0.01%
Sky City Entertainment Group 0.46%
Vici Properties Inc 0.04%
Wynn Macau Ltd. 0.01%

Adult Entertainment/Pornography

Live Nation Entertainment, Inc. 0.03%
Mgm Growth Properties Llc Class A 0.01%

Alcohol

Anheuser-Busch Inbev SA/Nv 3.7% 02-Apr-2040 0.02%
Carlsberg As Class B 0.03%
Davide Campari-Milano N.V. 0.02%
Diageo PLC 0.20%
Heineken Nv 0.09%
LVMH Moet Hennessy Louis Vuitton Se 0.16%
Pernod Ricard SA 0.12%
Treasury Wine Estates Ltd 0.04%
Tsingtao Brewery Co., Ltd. Class H 0.02%

Palm Oil

Pt Astra International Tbk 0.01%

Human Rights & Environmental Violations

BHP Group Ltd 0.20%
Barrick Gold Corporation 0.03%
Bayer AG 0.11%
Bayer AG 5.375% 25-Mar-2082 0.02%
Credit Suisse Group AG 1.25% 17-Jul-2025 0.04%
Credit Suisse Group AG 2.875% 02-Apr-2032 0.02%
Credit Suisse Group AG 3.091% 14-May-2032 0.01%
Duke Energy Corporation 0.02%
Freeport-Mcmoran, Inc. 0.05%
Genting Bhd. 0.01%
Johnson & Johnson 0.21%
Nestle Holdings, Inc. 2.5% 04-Apr-2032 0.01%
Nestle S.A. 0.25%
Posco Holdings Inc. 0.03%
Pt Astra International Tbk 0.01%

Animal Testing

Air Liquide SA 0.08%
Akzo Nobel N.V. 0.06%
Arkema SA 0.01%
Avantor, Inc. 0.01%
Basf Se 0.01%
Bayer AG 0.11%
Bayer AG 5.375% 25-Mar-2082 0.02%
Burberry Group PLC 0.04%
Capri Holdings Limited 0.05%
Coca-Cola Company 0.02%
Covestro AG 0.02%
Danone SA 0.11%
Dow, Inc. 0.02%
Ecolab Inc. 0.03%
Estee Lauder Companies Inc. Class A 0.07%
Fancl Corporation 0.03%
Fmc Corporation 0.02%
Fujifilm Holdings Corp 0.02%
General Mills, Inc. 0.05%
Henkel AG & Co. Kgaa 0.02%
Hermes International Sca 0.03%
Hp Inc. 0.05%
Hp Inc. 4.0% 15-Apr-2029 0.01%
Hp Inc. 4.2% 15-Apr-2032 0.02%
Ingevity Corporation 0.02%
International Flavors & Fragrances Inc. 0.05%
International Flavors & Fragrances Inc. 1.23% 01-Oct-2025 0.02%
Johnson & Johnson 0.21%
Kellogg Company 0.04%
Kraft Heinz Company 0.03%
L'Oreal S.A. 0.09%
LVMH Moet Hennessy Louis Vuitton Se 0.16%
Lg Household & Health Care Ltd 0.02%
Linde PLC 0.19%
Mondelez International Holdings Netherlands Bv 2.125% 19-Sep-2022 0.03%
Mondelez International, Inc. Class A 0.03%
Mosaic Company 0.13%
Nestle Holdings, Inc. 2.5% 04-Apr-2032 0.01%
Nestle S.A. 0.25%
Nutrien Ltd. 0.09%
PPG Industries, Inc. 0.06%
Pepsico, Inc. 0.05%
Pola Orbis Holdings Inc. 0.01%
Prada S.P.A. 0.04%
Procter & Gamble Company 0.11%
Reckitt Benckiser Group PLC 0.09%
Sherwin-Williams Company 0.03%
Sumitomo Chemical Co., Ltd. 0.04%
Svenska Cellulosa Ab Sca Class B 0.06%
Symrise AG 0.02%
Tosoh Corporation 0.03%
Unilever PLC 0.03%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 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.

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% -1.06%
2021 17.46% 19.97%
2020 -1.59% -2.4%
2019 4.47% 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%
2013 8.77% 9.38%

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 March 31st 2022.

Showing the top 10 investments for this fund:

  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    2.03%
  • Mainfreight Ltd
    New Zealand Australasian Equities
    1.62%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.34%
  • Ebos Group Ltd
    New Zealand Australasian Equities
    1.26%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.2%
  • S&P500 E-Mini Future
    United States International Equities
    1.15%
  • US 5Yr Note
    United States Int Fixed Interest
    1.09%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    1.05%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    1.03%
  • Fletcher Building Ltd
    New Zealand Australasian Equities
    0.97%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu March 31st 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 3.0% 7.99%
New Zealand Fixed Interest 15.0% 13.23%
International Fixed Interest 22.0% 18.34%
Australasian Equities 20.0% 20.28%
International Equities 35.0% 34.74%
Listed Properties 5.0% 5.42%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

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

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:
    0.04%
  • Alcohol:
    0.70%
  • Animal Testing:
    2.88%
  • Fossil Fuels:
    0.81%
  • Gambling:
    0.57%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    1.04%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.03%
  • Weapons:
    0.13%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 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 the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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 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 $450M NZD
Period of data report Thu March 31st 2022
Fund started Sat Aug. 1st 1992
Total annual fund fees 1.27%
Total performance based fees 0.0%
Manager's basic fee 1.17%
Other management and administration charges 0.1%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Nigel Jackson

Currently: Head of Investments (1 years, 2 months)
Previously: Acting Head of Investments & Insurance (3 years, 10 months)

Philip Houghton-Brown

Currently: Head of Investment Solutions (1 years, 6 months)
Previously: Chief Investment Officer / Head of Investments, Mercer (8 years, 2 months)

Francois Richeboeuf

Currently: Senior Portfolio Manager (11 years, 5 months)
Previously: Acting Head of Investment Solutions (0 years, 8 months)

Stephen Hong

Currently: Senior Portfolio Manager (9 years, 6 months)
Previously: Portfolio Manager, AXA Global Investors (5 years, 9 months)

Angelika Sansom

Currently: Investment Analytics Manager (20 years, 7 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 March 31st 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.