BNZ Private Wealth Series Cash Fund

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Not Mindful
Type: Defensive fund
Past Returns: 1.54%

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

Annual Fees: 0.3%

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.


This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 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 1.67% 1.37%
2019 2.69% 1.63%
2018 2.37% 1.63%

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:

  • ASB Bank Ltd 4.245% 26/05/2021
    New Zealand NZ Fixed Interest AA-
    3.69%
  • BNP Paribas Bank Account NZD
    New Zealand Cash and Equivalents A+
    3.57%
  • ANZ Bank New Zealand Ltd. Registered Certificate Of Deposit 24/03/2021
    New Zealand NZ Fixed Interest AA-
    3.2%
  • China Construction Bank (New Zealand) Limited Registered Certificate Of Deposit 09/06/2021
    New Zealand NZ Fixed Interest A
    2.74%
  • Industrial and Commercial Bank Of China Ltd. Registered Certificate Of Deposit 25/05/2021
    New Zealand NZ Fixed Interest A
    2.74%
  • Bank Of New Zealand Registered Certificate Of Deposit 27/01/2021
    New Zealand NZ Fixed Interest AA-
    2.74%
  • New Zealand Local Government Funding Agency Ltd. Registered Certificate Of Deposit 15/03/2021
    New Zealand NZ Fixed Interest AA+
    2.56%
  • ANZ Bank New Zealand Ltd. Registered Certificate Of Deposit 30/03/2021
    New Zealand NZ Fixed Interest AA-
    2.28%
  • Bank Of New Zealand Registered Certificate Of Deposit 05/02/2021
    New Zealand NZ Fixed Interest AA-
    2.28%
  • Westpac New Zealand Ltd. Registered Certificate Of Deposit 25/01/2021
    New Zealand NZ Fixed Interest AA-
    1.83%

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 100.0% 100.0%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
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 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:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 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 Cash Fund invests in New Zealand short-term cash securities (on-call bank deposits) and cash equivalent securities (bank term deposits bonds bills and floating-rate notes with a maximum term of 365 days). It aims to achieve stable returns over the short term and provide a gross return in excess of its benchmark index."

Value $200M NZD
Period of data report Thu Dec. 31st 2020
Members Not provided
Fund started Thu March 2nd 2017
Total annual fund fees 0.3%
Total performance based fees 0.0%
Manager's basic fee 0.23%
Administration charges 0.07%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Richard Morath

Currently: Director BNZ Investment Services Limited (7 years, 6 months)
Previously: Non-Executive Director BNZ Life Insurance Limited (current position) (17 years, 1 months)

Richard Ansell

Currently: Director BNZ Investment Services Limited (1 years, 10 months)
Previously: Member BNZ Investment Review Committee (current position) (1 years, 10 months)

Hayley Cassidy

Currently: Director BNZ Investment Services Limited (1 years, 8 months)
Previously: Chief General Counsel BNZ (current position) (1 years, 9 months)

Paul Richardson

Currently: Director BNZ Investment Services Limited (1 years, 1 months)
Previously: Managing Director Carina Capital Limited (current position) (2 years, 5 months)

Daniel Huggins

Currently: Director BNZ Investment Services Limited (0 years, 5 months)
Previously: Executive - Customer Products & Services BNZ (current position) (0 years, 9 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.