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: 0.82%

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

Atco Ltd 0.02%
BHP Group 0.09%
BHP Group PLC 0.06%
Bollore Ord Shs 0.01%
Cabot Oil & Gas Ord Shs 0.07%
Canadian Pacific Railway Ord Shs 0.05%
Canadian Utilities Ord Shs Class A 0.04%
Cia Paranaense De Energia - Copel Pref 'B' Npv 0.02%
Citic Ltd 0.03%
Ck Hutchison Holdings Ltd 0.04%
Coca-Cola Co/The 0.53%
Dominion Energy Inc 0.03%
Ecopetrol SA 0.05%
Enagas Ord Shs 0.04%
Enbridge Inc 0.06%
Engie SA 0.02%
Eog Resources Inc 0.23%
Evraz Ord Shs 0.04%
Gail India Ltd 0.04%
Glencore PLC 0.02%
Haci Omer Sabanci Holding A Ord Shs 0.02%
Iberdrola SA 0.09%
Itochu Corp 0.06%
Jxtg Holdings Ord Shs 0.03%
Kansas City Southern 0.01%
Kinder Morgan Inc/De 0.03%
Kunlun Energy Ord Shs 0.03%
Marathon Petroleum Corp 0.01%
Mitsubishi Corp 0.03%
Mitsui & Co Ltd 0.03%
Mol Hungarian Oil and Gas Ord Shs 0.01%
Neste Ord Shs 0.01%
Nextera Energy Inc 0.58%
Norfolk Southern Corp 0.06%
Orix Corp 0.03%
Orsted Ord Shs 0.02%
Osaka Gas Ord Shs 0.02%
Parkland Corp 0.01%
Petrobras Distribuidora Ord Shs 0.04%
Petroleo Brasileiro SA Petrobras 0.02%
Phillips 66 0.02%
Pioneer Natural Resources Co 0.02%
Posco 0.01%
Ptt Global Chemical Pcl 0.02%
Ptt Pcl - Foreign 0.03%
Reliance Industries Ltd 0.10%
Rio Tinto Ltd 0.02%
Rio Tinto PLC 0.10%
Rwe AG 0.05%
Santos Ltd 0.04%
Sinopec Shanghai Petrochemical Co Ltd 0.01%
Tatneft-Sponsored Adr 0.01%
Tc Energy Corp 0.03%
Ugi Corporation 0.02%
Uniper Ord Shs 0.04%
Vale SA 0.03%
Valero Energy Corp 0.02%

Weapons

Amphenol Corp-Cl A 0.04%
Leidos Holdings Inc 0.04%
Mitsubishi Heavy Industries Ord Shs 0.02%
Wuhan Guide Infrared Co Lt-A Floating Rate Note 00/01/1900 0.01%

Tobacco

Alimentation Couche-Tard Inc 0.04%
Haci Omer Sabanci Holding A Ord Shs 0.02%
Seven & I Holdings Co Ltd 0.03%

Gambling

Galaxy Entertainment Group Ord Shs 0.03%
Genting Plantations Berhad 0.01%
Las Vegas Sands Corp 0.07%
Sega Sammy Holdings Ord Shs 0.03%

Alcohol

Ambev SA-Adr 0.07%
Anheuser-Busch Inbev Nv 0.05%
Asahi Group Holdings Ltd 0.04%
Brown-Forman Corp-Class B 0.02%
Constellation Brands Inc-A 0.04%
Diageo PLC 0.37%
Heineken Nv 0.90%
Jiangsu Yanghe Brewery Joint-Stock Co Ltd 0.02%
Kirin Holdings Co Ltd 0.02%
Kweichow Moutai Co Ltd-A 0.01%
LVMH Moet Hennessy Louis Vui 0.39%
Pernod Ricard SA 0.03%

Palm Oil

Genting Plantations Berhad 0.01%
Indofood Sukses Makmur Ord Shs 0.03%
Posco 0.01%
Sime Darby Ord Shs 0.05%

Human Rights & Environmental Violations

Barrick Gold Corp 0.05%
BHP Group 0.09%
BHP Group PLC 0.06%
Essity Aktiebolag-B 0.02%
Glencore PLC 0.02%
Grupo Mexico B Ord Shs 0.03%
Johnson & Johnson 0.40%
Mmc Norilsk Nickel PJSC-Adr 0.02%
Nestle SA-Reg 1.78%
Nutrien Ord Shs 0.02%
Petroleo Brasileiro SA Petrobras 0.02%
Posco 0.01%
Rio Tinto Ltd 0.02%
Rio Tinto PLC 0.10%
Sempra Energy 0.03%
Tokyo Electric Power Holdings Ord Shs 0.02%
Vale SA 0.03%

Animal Testing

Air Liquide SA 0.090%
Air Products and Chemicals- Inc. 0.090%
Akzo Nobel Nv 0.190%
Arkema Ord Shs 0.030%
Asahi Group Holdings Ltd 0.040%
Bayer AG-Reg 0.060%
Clorox Company 0.030%
Coca-Cola Co/The 0.530%
Colgate-Palmolive Co 0.070%
Danone 0.360%
Dow Inc 0.020%
Du Pont De Nemours 0.020%
Eastman Chemical Co 0.010%
Ecolab Inc 0.660%
Essity Aktiebolag-B 0.020%
Evonik Industries Ord Shs 0.030%
Fmc Corp 0.010%
General Mills Inc 0.060%
Givaudan Ord Shs 0.030%
Glaxosmithkline PLC 0.450%
Henkel AG & Co Kgaa 0.040%
Hermes International 0.020%
Ingredion Ord Shs 0.020%
Johnson & Johnson 0.400%
Kao Corporation 0.040%
Kellogg Co 0.010%
Kerry Group Ord Shs 0.390%
Kimberly-Clark Corp 0.060%
Kirin Holdings Co Ltd 0.020%
Koninkilijke Dsm Ord Shs 0.030%
Kraft Heinz Co/The 0.020%
L'Oreal SA 0.100%
Lanxess Ord Shs 0.030%
Lg Household & Health Care Ord Shs 0.020%
Linde PLC 0.650%
LVMH Moet Hennessy Louis Vui 0.390%
Mitsui Chemicals Ord Shs 0.020%
Mondelez International Inc-A 0.080%
Nestle SA-Reg 1.780%
Nutrien Ord Shs 0.020%
Pepsico Inc 0.420%
PPG Industries Inc 0.110%
Procter and Gamble Co/The 0.860%
Reckitt Benckiser Group PLC 0.080%
Reliance Industries Ltd 0.100%
Seven & I Holdings Co Ltd 0.030%
Sherwin-Williams Co/The 0.070%
Shin-Etsu Chemical Co Ltd 0.470%
Sinopec Shanghai Petrochemical Co Ltd 0.010%
Symrise AG 0.030%
Tesco PLC 0.030%
Unilever Indonesia Ord Shs 0.020%
Unilever Nv-Cva 0.570%
Unilever PLC 0.090%

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	-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 Wed Sept. 30th 2020.

Showing the top 10 investments for this fund:

Apple Inc
United States International Equities

2.49%
National Australia Bank Bank Account AUD
Australia Cash and Equivalents AA-

2.48%
Microsoft Corporation
United States International Equities

2.31%
Amazon.Com Inc
United States International Equities

2.15%
Nestle SA-Reg
Switzerland International Equities

1.78%
Alphabet Inc Class C
United States International Equities

1.64%
Visa Inc-Class A Shares
United States International Equities

1.3%
Alibaba Group Holding Â€“ Sp Adr
United States International Equities

1.18%
Facebook Inc-A
United States International Equities

1.14%
Home Depot Inc
United States International Equities

1.05%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed Sept. 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 Wed Sept. 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:

1.96%
Animal Testing:

9.83%
Fossil Fuels:

3.20%
Gambling:

0.14%
GMOs:

0.00%
Human Rights & Environmental Violations:

2.72%
Palm Oil:

0.10%
Tobacco:

0.09%
Weapons:

0.11%

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 invests in international equities 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	$650M NZD
Period of data report	Wed Sept. 30th 2020
Members	Not provided
Fund started	Wed March 8th 2017
Total annual fund fees	0.82%
Total performance based fees	0.0%
Manager's basic fee	0.76%
Administration charges	0.06%
Total other charges	0.0
Total other charges currency	NZD

Key Personnel

Richard Morath	Currently: Director BNZ Investment Services Limited (7 years, 3 months) Previously: Non-Executive Director BNZ Life Insurance Limited (current position) (16 years, 10 months)
Richard Ansell	Currently: Director BNZ Investment Services Limited (1 years, 7 months) Previously: Member BNZ Investment Review Committee (current position) (1 years, 7 months)
Hayley Cassidy	Currently: Director BNZ Investment Services Limited (1 years, 5 months) Previously: Chief General Counsel BNZ (current position) (1 years, 6 months)
Paul Richardson	Currently: Director BNZ Investment Services Limited (0 years, 10 months) Previously: Chief Investment Officer/Executive Director Mint Asset Management Limited (4 years, 8 months)
Daniel Huggins [New]	Currently: Director BNZ Investment Services Limited (0 years, 2 months) Previously: Executive - Customer Products & Services BNZ (current position) (0 years, 6 months)

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

Downloads

Download the fund's disclosure statement and portfolio holdings.

Portfolio holdings v