Funds
BNZ Youwealth Moderate Fund
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 0.74%
- Vier Gas Transport Gmbh 4.625% 26/09/2032 0.21%
- Galaxy Pipeline Assets Bidco Ltd Medium Term Note 2.625% 31/03/2036 0.18%
- Genesis Energy Ltd 0.12%
- The Williams Companies Inc 2.6% 15/03/2031 0.12%
- Enterprise Products Operating Llc 4.45% 15/02/2043 0.11%
- N.V. Nederlandse Gasunie 3.375% 11/07/2034 0.11%
- Nextera Energy Inc 0.08%
- Vier Gas Transport Gmbh 4% 26/09/2027 0.07%
- Williams Companies Inc 4.85% 01/03/2048 0.06%
- Anglo American Capital PLC 4.75% 21/09/2032 0.05%
- Enbridge Inc 0.04%
- Ppl Electric Utilities Corp 4.15% 15/06/2048 0.04%
- Dominion Energy Inc 0.03%
- Iberdrola SA 0.03%
- Marathon Petroleum Corp 0.03%
- Sempra Energy 0.03%
- Cheniere Energy Ord Shs 0.02%
- Consolidated Edison Inc 0.02%
- Enel Spa 0.02%
- Itochu Corp 0.02%
- Kinder Morgan Inc/De 0.02%
- National Grid PLC 0.02%
- Phillips 66 0.02%
- Public Service Enterprise Group Ord Shs 0.02%
- Tc Energy Corp 0.02%
- Valero Energy Corp 0.02%
- Apa Group 0.01%
- Astra International Ord Shs 0.01%
- Atmos Energy Ord Shs 0.01%
- Ck Asset Holdings Ltd 0.01%
- Ck Hutchison Holdings Ltd 0.01%
- Consolidated Edison Company Of New York Inc 3.95% 01/04/2050 0.01%
- Constellation Energy Corp 0.01%
- Engie SA 0.01%
- Neste Ord Shs 0.01%
- Pembina Pipeline Ord Shs 0.01%
- Rwe AG 0.01%
- Snam Ord Shs 0.01%
- Vier Gas Transport Gmbh 0.125% 10/09/2029 0.01%
Weapons
- Wal-Mart Stores Inc 0.10%
- Brookfield Asset Management Inc 0.03%
- Amphenol Corp-Cl A 0.02%
- L3Harris Technologies Inc 0.02%
- Heico Corp - A 0.01%
- Howmet Aerospace Inc 0.01%
- Mtu Aero Engines AG 0.01%
- Teledyne Technologies Inc 0.01%
- Transdigm Group Inc 0.01%
- Wal Mart De Mexico Sab De Cv 0.01%
Alcohol
- Anheuser-Busch Inbev Worldwide Inc 5.45% 23/01/2039 0.14%
- Anheuser-Busch Inbev Finance Inc 4.7% 01/02/2036 0.11%
- Bacardi Ltd 5.3% 15/05/2048 0.09%
- Bacardi Ltd 4.45% 15/05/2025 0.08%
- Diageo Capital B.V. 1.875% 08/06/2034 0.06%
- Diageo PLC 0.05%
- Anheuser-Busch Inbev Nv 0.02%
- Constellation Brands Inc-A 0.02%
- Pernod Ricard SA 0.02%
- Ambev SA 0.01%
- Asahi Group Holdings Ltd 0.01%
- Australian Vintage Ltd 0.01%
- Brown-Forman Corp-Class B 0.01%
- China Resources Beer Holdings Ord Shs 0.01%
- Delegat Group Ltd 0.01%
- Heineken Nv 0.01%
- Kirin Holdings Co Ltd 0.01%
- Kweichow Moutai Co Ltd-A 0.01%
Palm Oil
- Astra International Ord Shs 0.01%
GMOs
- Corteva Inc 0.02%
Human Rights & Environmental Violations
- Johnson & Johnson 0.23%
- Credit Suisse Group AG 3.091% 14/05/2032 0.17%
- Meta Platforms Inc 0.16%
- Nestle SA-Reg 0.16%
- Thermo Fisher Scientific Inc 0.11%
- Basf Se 3.75% 29/06/2032 0.09%
- Wells Fargo & Co 0.08%
- Credit Suisse AG London 0.25% 01/09/2028 0.06%
- Caterpillar Inc 0.05%
- Credit Suisse Group AG 4.194% 01/04/2031 0.05%
- Thermo Fisher Scientific (Finance I) B.V. 1.625% 18/10/2041 0.04%
- Activision Blizzard Inc 0.03%
- Bayer AG-Reg 0.03%
- Nutrien Ord Shs 0.03%
- Rio Tinto PLC 0.03%
- Archer-Daniels-Midland Co 0.02%
- Barrick Gold Corp 0.02%
- Basf Se 0.02%
- Corteva Inc 0.02%
- Freeport - Mcmoran Copper 0.02%
- Thermo Fisher Scientific Inc 1.875% 01/10/2049 0.02%
- Astra International Ord Shs 0.01%
- Bank Hapoalim Bm 0.01%
- Bank Leumi Le Israel Ord Shs 0.01%
- Centrais Eletricas Brasileiras SA 0.01%
- Credit Suisse Group Ord Shs 0.01%
- Fmc Corp 0.01%
- Li Ning Ord Shs 0.01%
- Posco 0.01%
- Rio Tinto Ltd 0.01%
Animal Cruelty
- Nestle SA-Reg 0.16%
- Procter and Gamble Co/The 0.16%
- Coca-Cola Co/The 0.12%
- Pepsico Inc 0.12%
- Basf Se 3.75% 29/06/2032 0.09%
- Kraft Heinz Foods Company 4.125% 01/07/2027 0.09%
- Tesco Property Finance 3 PLC 5.744% 13/04/2040 0.09%
- LVMH Moet Hennessy Louis Vui 0.08%
- Rentokil Initial Finance B.V. 4.375% 27/06/2030 0.07%
- Tesco Property Finance 2 PLC 6.0517% 13/10/2039 0.07%
- Danone SA 1% Perpetual 0.06%
- Unilever PLC 0.06%
- Kraft Heinz Foods Company 4.875% 01/10/2049 0.04%
- L'Oreal SA 0.04%
- Mondelez International Inc-A 0.04%
- 3M Co 0.03%
- Air Liquide SA 0.03%
- Bayer AG-Reg 0.03%
- Colgate-Palmolive Co 0.03%
- Estee Lauder Cos Inc/The 0.03%
- Kraft Heinz Foods Co 4.375% 01/06/2046 0.03%
- Nutrien Ord Shs 0.03%
- Sherwin-Williams Co/The 0.03%
- Albemarle Corp 0.02%
- Archer-Daniels-Midland Co 0.02%
- Basf Se 0.02%
- Constellation Brands Inc-A 0.02%
- Corteva Inc 0.02%
- Daikin Industries Ltd 0.02%
- Danone 0.02%
- Dow Inc 0.02%
- Ecolab Inc 0.02%
- General Mills Inc 0.02%
- Hermes International 0.02%
- Kering 0.02%
- Keurig Dr Pepper Ord Shs 0.02%
- Kimberly-Clark Corp 0.02%
- Tesco Property Finance 1 PLC 7.6227% 13/07/2039 0.02%
- Akzo Nobel Nv 0.01%
- Asahi Group Holdings Ltd 0.01%
- Avantor Inc 0.01%
- Burberry Group PLC 0.01%
- Canon Inc 0.01%
- Clorox Company 0.01%
- Croda International PLC 0.01%
- Denso Corp 0.01%
- Du Pont De Nemours 0.01%
- Fmc Corp 0.01%
- Fujifilm Holdings Ord Shs 0.01%
- Kao Corporation 0.01%
- Kellogg Co 0.01%
- Koninkilijke Dsm Ord Shs 0.01%
- Koninklijke Ahold Delhaize Nv 0.01%
- Kraft Heinz Co/The 0.01%
- Mosaic Co/The 0.01%
- Nippon Paint Holdings Ord Shs 0.01%
- Otsuka Holdings Co Ltd 0.01%
- PPG Industries Inc 0.01%
- Ping An Insurance Group 0.01%
- Ping An Insurance Group - A 0.01%
- Rentokil Initial Ord Shs 0.01%
- Shiseido Co Ltd 0.01%
- Tyson Foods Inc 0.01%
- Unicharm Corporation 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 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 | $190M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 21st May 2018 |
| Total annual fund fees | 0.6% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.6% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Peter Forster |
Currently: Chair, BNZ Investment Review Committee (3 years, 0 months) |
|
Richard Ansell |
Currently: Member, BNZ Investment Review Committee (3 years, 0 months) |
|
Jason Wong |
Currently: Member, BNZ Investment Review Committee (2 years, 0 months) |
|
Louis Nel |
Currently: Member, BNZ Investment Review Committee (0 years, 9 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 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 | 0.68% | |
| Animal Cruelty | 2.09% | |
| Fossil Fuels | 2.38% | |
| Gambling | 0.00% | |
| GMOs | 0.02% | |
| Human Rights & Environmental Violations | 1.53% | |
| Palm Oil | 0.01% | |
| Tobacco | 0.00% | |
| Weapons | 0.23% |
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 |
|---|---|---|
| 2022 | 0.34% | -0.7% |
| 2021 | 17.46% | 11.64% |
| 2020 | -1.59% | 1.42% |
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 31st Dec. 2022.
Top 10 Investments
-
Fisher & Paykel Healthcare Ltd
New Zealand Australasian Equities1.34% -
Spark New Zealand Ltd
New Zealand Australasian Equities1.02% -
BNP Paribas Bank Account USD
United States Cash and Equivalents A+1.01% -
Auckland International Airport Ltd
New Zealand Australasian Equities1.0% -
Apple Inc
United States International Equities0.98% -
Microsoft Corporation
United States International Equities0.9% -
Bank Of China Call Account
New Zealand Cash and Equivalents A0.82% -
Contact Energy Ltd
New Zealand Australasian Equities0.75% -
Meridian Energy Ltd
New Zealand Australasian Equities0.75% -
Ebos Group Ltd
New Zealand Australasian Equities0.74%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 15.0% | 17.17% |
| New Zealand Fixed Interest | 11.0% | 12.02% |
| International Fixed Interest | 34.0% | 32.76% |
| Australasian Equities | 13.0% | 12.08% |
| International Equities | 27.0% | 25.97% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| 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 31st Dec. 2022.