BNZ Private Wealth Series International Equity Fund

Not Mindful

Type: Aggressive fund

Past Returns: 4.80%

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

Annual Fees: 1.02%

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 0.01%
Agl Energy Ltd 0.04%
Ameren Corporation 0.02%
Anglo American Platinum Ltd 0.02%
Anglo American PLC 0.08%
BHP Group 0.07%
BHP Group PLC 0.04%
BP PLC 0.12%
Cabot Oil & Gas Corporation 0.23%
Canadian Natural Resources Ltd 0.03%
Canadian Utilities Limited 0.07%
Chevron Corp 0.18%
China Petroleum and Chemical Corp - H 0.02%
China Shenhua Energy Limited 0.05%
Clp Holdings Ltd Hkd5 0.04%
Cnooc Limited 0.11%
Conocophillips 0.07%
Dte Energy Company Hold Co Of Detroit Edison 0.01%
Ecopetrol SA 0.07%
Enagas 0.06%
Enbridge Inc 0.07%
Engie 0.02%
Eni Spa 0.02%
Eog Resources Inc 0.26%
Evergy Inc 0.08%
Exxaro Resources Limited 0.03%
Exxon Mobil Corporation 0.17%
Firstenergy Corporation 0.05%
Gail India Limited 0.05%
Gazprom PJSC Spon Adr - 1 Adrrepresents 4 Ord Shares 0.04%
Glencore PLC 0.02%
Hollyfrontier Corp 0.01%
Jxtg Holdings Inc 0.03%
Kinder Morgan Inc 0.04%
Kunlun Energy Co Ltd 0.03%
Lundin Petroleum Ab 0.01%
Lyondellbasell Industries Nv Class A 0.02%
Marathon Petroleum Corp-W/I 0.01%
Mol Hungarian Oil and Gas Pl 0.02%
Nextera Energy Inc 0.46%
Nrg Energy Inc 0.08%
OMV AG 0.01%
Oneok Inc 0.01%
Petrobras Distribuidora SA 0.04%
Phillips 66-W/I 0.03%
Pioneer Natural Resources Co 0.02%
Ptt Exploration & Production <F> 0.01%
Ptt Global Chemical Pcl-For 0.02%
Ptt Pcl/Foreign 0.03%
Reliance Industries Ltd 0.07%
Royal Dutch Shell PLC 0.10%
Royal Dutch Shell PLC - A Shares 0.37%
Royal Dutch Shell PLC-B Shs Transport and Trade 0.08%
Rwe AG - New 0.04%
Santos Limited 0.04%
Shaanxi Coal Industry Co L-A 0.01%
Sinopec Shanghai Petrochemicalcompany Ltd 0.02%
Suez 0.02%
Suncor Energy Inc New 0.04%
Tatneft-Sponsored Adr 0.02%
Total SA 0.11%
Valero Energy Corp 0.02%
Wec Energy Group Inc 0.04%

Weapons

Leidos Holdings Inc 0.05%

Gambling

Galaxy Entertainment Group Limited 0.03%
Genting Plantations Berhad 0.01%
Las Vegas Sands Corp 0.10%

Alcohol

Ambev SA 0.01%
Ambev SA-Adr 0.09%
Anheuser-Busch Inbev SA/Nv 0.05%
Asahi Group Holdings Ltd 0.05%
Constellation Brands Inc - A 0.03%
Diageo PLC 28 101/108P 0.45%
Heineken Nv 0.95%
Kirin Holdings Co Ltd 0.02%
Kweichow Moutai Co Ltd-A 0.04%
LVMH Moet Hennessy Vuitton Se 0.39%
Pernod Ricard SA 0.03%

Palm Oil

Genting Plantations Berhad 0.01%
Posco 0.01%
Pt Indofood Sukses Mak Ord Idr500 0.02%
Sime Darby Berhad 0.04%

GMOs

Basf Se 0.07%
Bayer AG 0.07%
Dupont De Nemours Inc 0.03%
Genting Plantations Berhad 0.01%
Novartis AG Reg Shs 0.41%
Nutrien Ltd 0.02%

Human Rights & Environmental Violations

Barrick Gold Corp 0.02%
BHP Group 0.07%
BHP Group PLC 0.04%
Chevron Corp 0.18%
Glencore PLC 0.02%
Johnson and Johnson 0.44%
Nestle SA Reg 1.92%
Nutrien Ltd 0.02%
Posco 0.01%
Rio Tinto Ltd 0.02%
Rio Tinto PLC 0.08%
Royal Dutch Shell PLC 0.10%
Royal Dutch Shell PLC - A Shares 0.37%
Royal Dutch Shell PLC-B Shs Transport and Trade 0.08%
Sempra Energy Corp 0.03%
Tokyo Electric Power Co Hldgsinc 0.03%
Vale SA 0.03%

Animal Testing

Air Liquide SA 0.080%
Air Products & Chemicals Inc 0.070%
Akzo Nobel Nv 0.230%
Arkema 0.050%
Basf Se 0.070%
Bayer AG 0.070%
Cabot Oil & Gas Corporation 0.230%
Chevron Corp 0.180%
Clorox Company 0.050%
Coca Cola Company 0.590%
Coca-Cola European Partners 0.030%
Coca-Cola Hbc AG-Cdi 0.020%
Colgate Palmolive 0.290%
Danone 0.430%
Ecolab 0.830%
Estee Lauder Companies A 0.040%
Evonik Industries AG 0.020%
General Mills Inc 0.060%
Givaudan SA Reg Ordinary Fullypaid Shares 0.020%
Glaxosmithkline PLC 0.560%
Johnson and Johnson 0.440%
Kao Corporation Y50 0.030%
Koninklijke Dsm Nv 0.020%
L-Oreal EUR 0-2 0.090%
Lanxess AG 0.030%
LVMH Moet Hennessy Vuitton Se 0.390%
Mitsui Chemicals Inc 0.020%
Nestle SA Reg 1.920%
Pepsico Inc 0.360%
PPG Industries 0.090%
Procter & Gamble 0.910%
Pt Unilever Indonesia Tbk 0.020%
Reckitt Benckiser PLC 0.050%
Royal Dutch Shell PLC 0.100%
Royal Dutch Shell PLC - A Shares 0.370%
Royal Dutch Shell PLC-B Shs Transport and Trade 0.080%
Symrise AG 0.020%
Tesco PLC 0.050%
Unilever Nv 0.590%
Unilever PLC 0.160%
Walgreens Boots Alliance Inc 0.040%

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

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	-7.57%	-2.7%
2019	10.01%	6.33%
2018	7.40%	10.77%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

Apple Inc
United States International Equities

2.42%
Microsoft Corp
United States International Equities

2.41%
Amazon Dotcom Inc
United States International Equities

2.12%
Nestle SA Reg
Switzerland International Equities

1.79%
Alphabet Inc-Cl C
United States International Equities

1.74%
National Australia Bank Bank Account AUD
Australia Cash and Equivalents AA-

1.59%
Visa Incorporated Class A Shares
United States International Equities

1.38%
Facebook Inc-A
United States International Equities

1.21%
Bank Of New Zealand Bank Account NZD
New Zealand Cash and Equivalents AA-

1.07%
Home Depot Incorporated
United States International Equities

1.03%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Tue June 30th 2020.

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

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	0.0%	0.94%
New Zealand Fixed Interest	0.0%	0.0%
International Fixed Interest	0.0%	0.0%
Australasian Equities	0.0%	0.0%
International Equities	100.0%	99.06%
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 Tue June 30th 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:

2.11%
Animal Testing:

9.70%
Fossil Fuels:

4.01%
Gambling:

0.14%
GMOs:

0.61%
Human Rights & Environmental Violations:

3.46%
Palm Oil:

0.08%
Tobacco:

0.00%
Weapons:

0.05%

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 International Equity Fund provides an exposure to international shares primarily in developed markets with the ability to invest to a lesser extent in emerging market countries. It aims to provide a gross return in excess of its benchmark index over the long term."

Value	$690M NZD
Period of data report	Tue June 30th 2020
Members	Not provided
Fund started	Wed March 8th 2017
Total annual fund fees	1.02%
Total performance based fees	0.0%
Manager's basic fee	0.95%
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, 0 months) Previously: Non-Executive Director BNZ Life Insurance Limited (current position) (16 years, 7 months)
Richard Ansell	Currently: Director BNZ Investment Services Limited (1 years, 4 months) Previously: Chair BNZ Investment Review Committee (0 years, 10 months)
Hayley Cassidy	Currently: Director BNZ Investment Services Limited (1 years, 2 months) Previously: Chief General Counsel BNZ (current position) (1 years, 3 months)
Christine Yates	Currently: Director BNZ Investment Services Limited (0 years, 8 months) Previously: Chief Customer Officer Private Wealth and Insurances BNZ (current position) (1 years, 4 months)
Paul Richardson	Currently: Director BNZ Investment Services Limited (0 years, 7 months) Previously: Chief Investment Officer/Executive Director Mint Asset Management Limited (4 years, 8 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Portfolio holdings v