BNZ Youwealth Moderate Fund

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Type: Balanced fund
Past Returns: 4.35%

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

Annual Fees: 0.79%

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 PLC 0.02%
BHP Group PLC 0.03%
BP Capital Markets PLC 0.831% 08/11/2027 0.01%
Chevron Corporation 0.09%
Coca-Cola Co 1.45% 01/06/2027 0.01%
Coca-Cola Co/The 0.09%
Conocophillips 0.03%
Dominion Energy Inc 0.03%
Enbridge Inc 0.03%
Engie SA 1.375% 00/01/1900 0.01%
Eni Spa 0.01%
Eog Resources Inc 0.02%
Exxon Mobil Corp 0.10%
Franco-Nevada Corp 0.01%
Gazprom Ord Shs 0.01%
Genesis Energy Ltd 0.02%
Glencore PLC 0.02%
Itochu Corp 0.02%
Kinder Morgan Inc/De 0.02%
Lukoil PJSC 0.01%
Lyondellbasell Indu-Cl A 0.01%
Marathon Petroleum Corp 0.01%
Mitsubishi Corp 0.02%
Mitsui & Co Ltd 0.02%
Neste Ord Shs 0.01%
New Zealand Refining Ltd 0.02%
Petroleo Brasileiro SA Petrobras 0.01%
Phillips 66 0.02%
Pioneer Natural Resources Co 0.01%
Public Service Enterprise Group Ord Shs 0.01%
Reliance Industries Ltd 0.03%
Royal Dutch Shell PLC - B Shs 0.04%
Royal Dutch Shell PLC-A Shs 0.03%
Shell International Finance Bv 3.4% 12/08/2023 0.02%
Sinopec Group Overseas Development (2013) Ltd 5.375% 17/10/2043 0.01%
Sinopec Group Overseas Development (2018) Ltd 2.5% 08/08/2024 0.02%
Tc Energy Corp 0.02%
Total Capital International SA Medium Term Note 0.625% 04/10/2024 0.01%
Total SA 0.05%
Vale SA 0.02%
Valero Energy Corp 0.01%

Weapons

Amphenol Corp-Cl A 0.02%
Transdigm Group Inc 0.01%

Tobacco

Alimentation Couche-Tard Inc 0.01%
Seven & I Holdings Co Ltd 0.01%

Gambling

Aristocrat Leisure Ltd 0.06%
Flutter Entertainment PLC 0.02%
Sands China Ltd 5.125% 08/08/2025 0.01%
Sands China Ltd 5.4% 08/08/2028 0.01%
Sky City Entertainment Group 0.30%

Adult Entertainment/Pornography

Alcohol

Anheuser Busch Inbev Nv Medium Term Note 2.25% 24/05/2029 0.01%
Anheuser-Busch Inbev Nv 0.02%
Constellation Brands Inc-A 0.02%
Delegat Group Ltd 0.03%
Diageo PLC 0.04%
Heineken Nv 0.01%
Heineken Nv Medium Term Note 1% 04/05/2026 0.01%
Kweichow Moutai Co Ltd-A 0.01%
LVMH Moet Hennessy Louis Vui 0.07%
Pernod Ricard SA 0.02%

Palm Oil

GMOs

Corteva Inc 0.02%

Human Rights & Environmental Violations

Archer-Daniels-Midland Co 0.01%
BHP Group PLC 0.03%
Barrick Gold Corp 0.02%
Bayer AG 0.05% 12/01/2025 0.01%
Bayer AG-Reg 0.03%
Chevron Corporation 0.09%
Duke Energy Corp 0.03%
Essity Aktiebolag (Publ) 0.25% 08/02/2031 0.01%
Freeport - Mcmoran Copper 0.02%
Glencore PLC 0.02%
Johnson & Johnson 0.19%
Motorola Solutions Ord Shs 0.01%
Nestle Finance International Ltd. SA Registered Certificate Of Deposit 03/12/2025 0.01%
Nestle Holdings Inc 3.625% 24/09/2028 0.01%
Nestle SA-Reg 0.13%
Petroleo Brasileiro SA Petrobras 0.01%
Rio Tinto PLC 0.04%
Royal Dutch Shell PLC - B Shs 0.04%
Royal Dutch Shell PLC-A Shs 0.03%
Sempra Energy 0.02%
Shell International Finance Bv 3.4% 12/08/2023 0.02%
Vale SA 0.02%

Animal Testing

Air Liquide SA 0.030%
Archer-Daniels-Midland Co 0.010%
Basf Se 0.030%
Bayer AG 0.05% 12/01/2025 0.010%
Bayer AG-Reg 0.030%
Bayer Aktiengesellschaft 0.75% 06/01/2027 0.010%
Bayer US Finance Ii Llc 4.25% 15/10/2025 0.010%
Chevron Corporation 0.090%
Clorox Company 0.010%
Coca-Cola Co 1.45% 01/06/2027 0.010%
Coca-Cola Co/The 0.090%
Corteva Inc 0.020%
Danone 0.020%
Dow Chemical Co 0.5% 15/03/2027 0.010%
Dow Inc 0.020%
Du Pont De Nemours 0.020%
Ecolab Inc 0.020%
Essity Aktiebolag (Publ) 0.25% 08/02/2031 0.010%
Estee Lauder Cos Inc/The 0.030%
General Mills Inc 0.020%
Givaudan Ord Shs 0.020%
Glaxosmithkline Capital PLC Medium Term Note 1.625% 12/05/2035 0.010%
Glaxosmithkline PLC 0.040%
Henkel AG & Co Kgaa 0.010%
Hermes International 0.010%
Hindustan Unilever Ltd 0.010%
Johnson & Johnson 0.190%
Kao Corporation 0.010%
Keurig Dr Pepper Ord Shs 0.010%
Kimberly-Clark Corp 0.020%
Koninkilijke Dsm Ord Shs 0.010%
Kraft Heinz Co/The 0.010%
L'Oreal SA 0.040%
LVMH Moet Hennessy Louis Vui 0.070%
Linde PLC 0.060%
Lyondellbasell Indu-Cl A 0.010%
Mondelez International Inc-A 0.030%
Nestle Finance International Ltd. SA Registered Certificate Of Deposit 03/12/2025 0.010%
Nestle Holdings Inc 3.625% 24/09/2028 0.010%
Nestle SA-Reg 0.130%
Nutrien Ord Shs 0.010%
PPG Industries Inc 0.020%
Pepsico Inc 0.080%
Procter and Gamble Co/The 0.140%
Reckitt Benckiser Group PLC 0.020%
Reliance Industries Ltd 0.030%
Royal Dutch Shell PLC - B Shs 0.040%
Royal Dutch Shell PLC-A Shs 0.030%
Seven & I Holdings Co Ltd 0.010%
Shell International Finance Bv 3.4% 12/08/2023 0.020%
Sherwin-Williams Co/The 0.030%
Shin-Etsu Chemical Co Ltd 0.030%
Shiseido Co Ltd 0.010%
Tesco Corporate Treasury Services PLC Medium Term Note 1.375% 24/10/2023 0.010%
Tesco PLC 0.010%
Unilever PLC 0.060%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed March 31st 2021 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
2021 17.44% 11.64%
2020 -2.28% 1.42%
2019 4.43% 0.0%

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 March 31st 2021.

Showing the top 10 investments for this fund:

  • BNP Paribas Bank Account USD
    United States Cash and Equivalents A+
    1.96%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    1.7%
  • BNP Paribas Bank Account NZD
    New Zealand Cash and Equivalents A+
    1.45%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    0.9%
  • Bank Of New Zealand Registered Certificate Of Deposit 05/08/2021
    New Zealand NZ Fixed Interest AA-
    0.87%
  • Apple Inc
    United States International Equities
    0.84%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    0.81%
  • Mainfreight Ltd
    New Zealand Australasian Equities
    0.8%
  • Microsoft Corporation
    United States International Equities
    0.76%
  • NZ Government Bond 3% 20/04/2029
    New Zealand NZ Fixed Interest AAA
    0.73%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed March 31st 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 15.0% 18.02%
New Zealand Fixed Interest 11.0% 9.94%
International Fixed Interest 34.0% 33.83%
Australasian Equities 13.0% 12.16%
International Equities 27.0% 26.05%
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 March 31st 2021.

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:
    0.02%
  • Alcohol:
    0.40%
  • Animal Testing:
    2.36%
  • Fossil Fuels:
    1.74%
  • Gambling:
    0.48%
  • GMOs:
    0.02%
  • Human Rights & Environmental Violations:
    1.01%
  • Palm Oil:
    0.04%
  • Tobacco:
    0.03%
  • Weapons:
    0.09%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed March 31st 2021 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 Moderate Fund invests largely in income assets which generally have lower levels of risk with the potential for lower returns. It also has a sizeable allocation to growth assets which generally have higher levels of risk and potential returns. It aims to achieve moderate returns over the medium term."

Value $210M NZD
Period of data report Wed March 31st 2021
Fund started Mon May 21st 2018
Total annual fund fees 0.79%
Total performance based fees 0.0%
Manager's basic fee 0.79%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Richard Morath

Currently: Director BNZ Investment Services Limited (7 years, 9 months)
Previously: Non-Executive Director BNZ Life Insurance Limited (current position) (17 years, 4 months)

Richard Ansell

Currently: Director BNZ Investment Services Limited (2 years, 1 months)
Previously: Member BNZ Investment Review Committee (current position) (2 years, 1 months)

Hayley Cassidy

Currently: Director BNZ Investment Services Limited (1 years, 11 months)
Previously: Executive Chief General Counsel BNZ (current position) (0 years, 1 months)

Paul Richardson

Currently: Director BNZ Investment Services Limited (1 years, 4 months)
Previously: Managing Director Carina Capital Limited (current position) (2 years, 8 months)

Daniel Huggins

Currently: Director BNZ Investment Services Limited (0 years, 8 months)
Previously: Executive - Customer Products & Services BNZ (current position) (1 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 2021.

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.