Funds
Generate Balanced Managed Fund
Fund type: Balanced fund
Past Returns: No 3 year data yetAnnual Fees: 1.36%
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:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- Contact Energy Ltd 2.45%
- Contact Energy Capital Bonds 19/11/51 1.16%
- BP PLC 0.69%
- Franco-Nevada Corp 0.27%
- Conocophillips 0.20%
- Eog Resources 0.04%
- Sempra Energy 0.03%
- BHP 0.02%
- Consolidated Edison Inc 0.02%
- Galp Energia Sgps 0.02%
- Hess 0.02%
- Neste Oyj 0.02%
- Oneok Inc 0.02%
- Reliance Industries 0.02%
- Sempra 0.02%
- South32 0.02%
- Valero Energy Corp 0.02%
- Cheniere Energy 0.01%
- Totalenergies 0.01%
Weapons
- Wal-Mart Stores Inc 1.15%
- Airbus 0.03%
- Amphenol 0.02%
- Brookfield Asset Management 0.02%
- Teledyne Technologies 0.02%
- Wal-Mart 0.01%
Alcohol
- Masan 0.05%
- Tsingtao Brewery 0.02%
- United Spirits 0.02%
- Diageo PLC 0.01%
Human Rights & Environmental Violations
- Meta Platforms Inc 0.91%
- Uber Technologies Inc 0.55%
- Thermo Fisher Scientific Inc 0.29%
- Thermo Fisher Scientific 0.09%
- Bayer AG-Reg 0.04%
- Wells Fargo 0.04%
- BHP 0.02%
- Caterpillar Inc 0.02%
- Meta Platforms 0.02%
- Nutrien 0.02%
- Archer-Daniels-Midland Co 0.01%
- Rio Tinto PLC 0.01%
Animal Cruelty
- Ping An Insurance Group 0.08%
- Bayer AG-Reg 0.04%
- Coca-Cola Co/The 0.03%
- Pepsico Inc 0.03%
- Unilever 0.03%
- Archer-Daniels-Midland Co 0.02%
- Darling Ingredients 0.02%
- Estee Lauder 0.02%
- Koninklijke Dsm 0.02%
- Nutrien 0.02%
- Reliance Industries 0.02%
- Rentokil Initial 0.02%
- Sherwin-Williams 0.02%
- Symrise 0.02%
- Unilever PLC 0.02%
- 3M Co 0.01%
- Albemarle 0.01%
- Coca-Cola 0.01%
- Daikin Industries 0.01%
- Ecolab Inc 0.01%
- Keurig Dr Pepper Inc 0.01%
- Kimberly-Clark Corp 0.01%
- Mowi Asa 0.01%
- PPG Industries Inc 0.01%
- Umicore 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. 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.
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
In their own words
The objective of the Balanced Managed Fund is to provide a balanced investment return over the long-term through investment in a portfolio of actively managed cash, fixed interest, propertyand infrastructure assets, Australasian equities and international equities. The fund has a medium to high level of volatility.
| Value | $210k NZD |
| Period of data report | 30th Sept. 2022 |
| Fund started | 16th May 2022 |
| Total annual fund fees | 1.36% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.29% |
| Other management and administration charges | 0.07% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Sam Goldwater |
Currently: Lead Portfolio Manager/Investment Committee Member/Executive Director (9 years, 6 months) |
|
Daniel Frost |
Currently: Portolio Manager - Property & Infrastructure, Australasian Equities (4 years, 8 months) |
|
Andrew Bolland |
Currently: Portolio Manager - Property & Infrastructure, Australasian Equities (3 years, 2 months) |
|
Ayrton Oliver |
Currently: Portfolio Manager - Fixed Income (1 years, 5 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2022.
Investment Exclusions
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).
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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.
| Issue of concern | Does this fund say it excludes this? | Actual holdings |
|---|---|---|
| Adult Entertainment /Pornography | 0.00% | |
| Alcohol | 0.11% | |
| Animal Cruelty | 0.61% | |
| Fossil Fuels | 5.09% | |
| Gambling | 0.00% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 2.03% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.00% | |
| Weapons | 1.25% |
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. 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 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.
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 |
|---|
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. 2022.
Top 10 Investments
-
ASB NZ Dollar Cash Account
New Zealand Cash and Equivalents A17.31% -
T Rowe Price Global Equity Fund
Australia International Equities4.66% -
Infratil
New Zealand Australasian Equities3.9% -
Spark
New Zealand Australasian Equities2.88% -
Contact Energy
New Zealand Australasian Equities2.45% -
Worldwide Healthcare Trust
United Kingdom International Equities1.89% -
BNP US Dollar Cash Account
United States Cash and Equivalents A11.88% -
Berkshire Hathaway
United States International Equities1.81% -
Arvida Group
New Zealand Listed Property1.78% -
Mercury Energy
New Zealand Australasian Equities1.59%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 5.93% |
| New Zealand Fixed Interest | 35.0% | 31.92% |
| International Fixed Interest | 0.0% | 4.99% |
| Australasian Equities | 15.0% | 20.11% |
| International Equities | 30.0% | 28.85% |
| Listed Properties | 15.0% | 7.94% |
| Unlisted Properties | 0.0% | 0.26% |
| 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.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2022.