BNZ Youwealth Balanced Fund

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Type: Balanced fund
Past Returns: 5.77%

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

Annual Fees: 0.81%

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 0.03%
Arcelormittal 0.01%
BHP Group PLC 0.04%
Chevron Corporation 0.13%
Ck Hutchison Holdings Ltd 0.01%
Coca-Cola Co/The 0.13%
Conocophillips 0.05%
Dominion Energy Inc 0.04%
Enbridge Inc 0.05%
Engie SA 0.01%
Eni Spa 0.02%
Eog Resources Inc 0.03%
Equinor Asa 0.01%
Exxon Mobil Corp 0.16%
Franco-Nevada Corp 0.02%
Gazprom Ord Shs 0.02%
Genesis Energy Ltd 0.03%
Glencore PLC 0.03%
Hess Corp 0.01%
Hong Kong & China Gas Co Ltd 0.01%
Itochu Corp 0.03%
Kinder Morgan Inc/De 0.02%
Lukoil PJSC 0.02%
Lyondellbasell Indu-Cl A 0.02%
Marathon Petroleum Corp 0.02%
Mitsubishi Corp 0.02%
Mitsui & Co Ltd 0.02%
Neste Ord Shs 0.02%
New Zealand Refining Ltd 0.03%
Occidental Petroleum Corp 0.01%
Petroleo Brasileiro SA Petrobras 0.02%
Phillips 66 0.02%
Pioneer Natural Resources Co 0.02%
Posco 0.01%
Ptt Pcl - Foreign 0.01%
Public Service Enterprise Group Ord Shs 0.02%
Reliance Industries Ltd 0.05%
Repsol SA 0.01%
Royal Dutch Shell PLC - B Shs 0.06%
Royal Dutch Shell PLC-A Shs 0.04%
Saudi Arabian Oil Co 0.01%
Shell International Finance Bv 3.4% 12/08/2023 0.01%
Sinopec Group Overseas Development (2018) Ltd 2.5% 08/08/2024 0.01%
Tc Energy Corp 0.03%
Total SA 0.08%
Vale SA 0.04%
Valero Energy Corp 0.02%

Weapons

Amphenol Corp-Cl A 0.03%
Heico Corp 0.01%
Transdigm Group Inc 0.02%

Tobacco

Alimentation Couche-Tard Inc 0.02%
Seven & I Holdings Co Ltd 0.02%

Gambling

Aristocrat Leisure Ltd 0.10%
Caesars Entertainment Inc 0.01%
Draftkings Inc 0.01%
Evolution Gaming Group 0.01%
Flutter Entertainment PLC 0.02%
Galaxy Entertainment Group Ord Shs 0.01%
Las Vegas Sands Corp 0.01%
Mgm Resorts International Ord Shs 0.01%
Sky City Entertainment Group 0.47%

Adult Entertainment/Pornography

Caesars Entertainment Inc 0.01%
Mgm Resorts International Ord Shs 0.01%

Alcohol

Anheuser-Busch Inbev Nv 0.03%
Asahi Group Holdings Ltd 0.01%
Australian Vintage Ltd 0.01%
Constellation Brands Inc-A 0.03%
Delegat Group Ltd 0.05%
Diageo PLC 0.06%
Heineken Nv 0.02%
Kweichow Moutai Co Ltd-A 0.02%
LVMH Moet Hennessy Louis Vui 0.11%
Pernod Ricard SA 0.02%

Palm Oil

Posco 0.01%

GMOs

Corteva Inc 0.02%

Human Rights & Environmental Violations

Archer-Daniels-Midland Co 0.02%
BHP Group PLC 0.04%
Barrick Gold Corp 0.02%
Bayer AG-Reg 0.04%
Chevron Corporation 0.13%
Duke Energy Corp 0.05%
Essity Aktiebolag-B 0.01%
Formosa Plastics Ord Shs 0.01%
Freeport - Mcmoran Copper 0.03%
Glencore PLC 0.03%
Grupo Mexico B Ord Shs 0.01%
Johnson & Johnson 0.28%
Motorola Solutions Ord Shs 0.02%
Nestle SA-Reg 0.20%
Petroleo Brasileiro SA Petrobras 0.02%
Posco 0.01%
Rio Tinto PLC 0.06%
Royal Dutch Shell PLC - B Shs 0.06%
Royal Dutch Shell PLC-A Shs 0.04%
Sempra Energy 0.03%
Shell International Finance Bv 3.4% 12/08/2023 0.01%
Vale SA 0.04%

Animal Testing

Air Liquide SA 0.050%
Akzo Nobel Nv 0.010%
Albemarle Corp 0.010%
Archer-Daniels-Midland Co 0.020%
Asahi Group Holdings Ltd 0.010%
Basf Se 0.050%
Bayer AG-Reg 0.040%
Chevron Corporation 0.130%
Church and Dwight Ord Shs 0.010%
Clorox Company 0.020%
Coca-Cola Co/The 0.130%
Corteva Inc 0.020%
Covestro AG 0.010%
Danone 0.030%
Dow Inc 0.030%
Du Pont De Nemours 0.030%
Ecolab Inc 0.040%
Essity Aktiebolag-B 0.010%
Estee Lauder Cos Inc/The 0.040%
General Mills Inc 0.020%
Givaudan Ord Shs 0.020%
Glaxosmithkline PLC 0.060%
Henkel AG & Co Kgaa 0.020%
Hermes International 0.020%
Hindustan Unilever Ltd 0.020%
Ingersoll - Rand PLC 0.010%
Johnson & Johnson 0.280%
Kao Corporation 0.020%
Kellogg Co 0.010%
Kerry Group Ord Shs 0.010%
Keurig Dr Pepper Ord Shs 0.020%
Kimberly-Clark Corp 0.030%
Koninkilijke Dsm Ord Shs 0.020%
Kraft Heinz Co/The 0.020%
L'Oreal SA 0.060%
LVMH Moet Hennessy Louis Vui 0.110%
Linde PLC 0.100%
Lyondellbasell Indu-Cl A 0.020%
Mondelez International Inc-A 0.050%
Nestle SA-Reg 0.200%
Nutrien Ord Shs 0.020%
PPG Industries Inc 0.030%
Pepsico Inc 0.130%
Procter and Gamble Co/The 0.210%
Reckitt Benckiser Group PLC 0.040%
Reliance Industries Ltd 0.050%
Royal Dutch Shell PLC - B Shs 0.060%
Royal Dutch Shell PLC-A Shs 0.040%
Seven & I Holdings Co Ltd 0.020%
Shell International Finance Bv 3.4% 12/08/2023 0.010%
Sherwin-Williams Co/The 0.040%
Shin-Etsu Chemical Co Ltd 0.040%
Shiseido Co Ltd 0.020%
Tesco PLC 0.020%
Unicharm Corporation 0.010%
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 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% 16.59%
2020 -2.28% 0.71%
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:

  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    2.65%
  • BNP Paribas Bank Account USD
    United States Cash and Equivalents A+
    1.52%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.39%
  • Apple Inc
    United States International Equities
    1.26%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.25%
  • Mainfreight Ltd
    New Zealand Australasian Equities
    1.25%
  • Microsoft Corporation
    United States International Equities
    1.15%
  • BNP Paribas Bank Account NZD
    New Zealand Cash and Equivalents A+
    1.14%
  • Meridian Energy Ltd
    New Zealand Australasian Equities
    1.1%
  • Amazon.Com Inc
    United States International Equities
    0.86%

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 5.0% 8.46%
New Zealand Fixed Interest 9.0% 7.87%
International Fixed Interest 26.0% 25.5%
Australasian Equities 20.0% 18.87%
International Equities 40.0% 39.3%
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:
    0.53%
  • Animal Testing:
    3.22%
  • Fossil Fuels:
    2.21%
  • Gambling:
    0.72%
  • GMOs:
    0.02%
  • Human Rights & Environmental Violations:
    1.38%
  • Palm Oil:
    0.05%
  • Tobacco:
    0.04%
  • Weapons:
    0.13%

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 Balanced Fund invests largely in growth assets which generally have higher levels of risk with the potential for higher returns. It also has a sizeable allocation to income assets which generally have lower levels of risk and potential returns. It aims to achieve a medium level of return over the medium to long term."

Value $160M NZD
Period of data report Wed March 31st 2021
Fund started Mon May 21st 2018
Total annual fund fees 0.81%
Total performance based fees 0.0%
Manager's basic fee 0.81%
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.