BNZ Youwealth Balanced Growth Fund

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Not Mindful
Type: Growth fund
Past Returns: *0.66%

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

Annual Fees: 1.35%

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

Abu Dhabi National Energy Co PJSC 3.625 12/01/2023 0.01%
Aes Corp 0.01%
Aker BP Asa 3.000 15/01/2025 0.01%
Alliant Energy Corp 0.01%
Anglo American Capital PLC 4.125 15/04/2021 0.01%
Anglo American PLC 0.03%
Archer-Daniels-Midland Co 0.02%
BHP Billiton Finance Ltd 3 29/05/2024 0.01%
BHP Billiton Finance Ltd 3.25 25/09/2024 0.01%
BHP Group PLC 0.04%
BP Capital Markets America Inc 2.75 10/05/2023 0.01%
BP Capital Markets America Inc 3.937 21/09/2028 0.01%
BP Capital Markets PLC 0.831% 08/11/2027 0.01%
BP Capital Markets PLC 1.827 8/09/2025 0.01%
Cabot Oil & Gas Corp 0.01%
Cheniere Energy Inc 0.01%
Chevron Corporation 0.16%
China Petroleum & Chemical - H 0.02%
Cms Energy Corp 0.02%
Cnooc Finance 2013 Ltd 2.875 30/09/2029 0.01%
Cnooc Ltd 0.02%
Concho Resources Inc 0.01%
Conocophillips 0.04%
Dominion Energy Inc 0.07%
Dte Energy Co 0.02%
Enagas SA 0.01%
Enbridge Inc 0.07%
Engie SA 0.02%
Eni Spa 0.03%
Eni Spa 3.75 12/09/2025 0.01%
Eog Resources Inc 0.03%
Equinor Asa 0.01%
Exxon Mobil Corp 0.20%
Firstenergy Corp 0.02%
Firstenergy Corp 7.375 15/11/2031 0.01%
Galp Energia Sgps SA 0.01%
Gazprom (Gaz Capital SA) 5.150 11/02/2026 0.01%
Gazprom Ord Shs 0.03%
Glencore PLC 0.02%
Hess Corp 0.01%
Idemitsu Kosan Co Ltd 0.01%
Inpex Corp 0.01%
Jxtg Holdings Inc 0.01%
Kinder Morgan Inc/De 0.03%
Lukoil PJSC 0.03%
Marathon Petroleum Corp 0.02%
Marubeni Corp 0.01%
Neste Oyj 0.02%
Nextera Energy Inc 0.14%
Nk Rosneft Ord Shs 0.01%
Nrg Energy Inc 0.01%
Occidental Petroleum Corp 0.01%
OMV AG 4.25 12/10/2021 0.01%
Oneok Inc 0.01%
Pacificorp 6.1 1/08/2036 0.01%
Pembina Pipeline Corp 0.01%
Petrochina Co Ltd-H 0.01%
Petroleo Brasileiro SA Petrobras 0.03%
Petroleos Mexicanos 6.35 12/02/2048 0.01%
Phillips 66 0.03%
Pioneer Natural Resources Co 0.02%
Ptt Pcl - Foreign 0.02%
Reliance Industries Ltd 0.06%
Repsol SA 0.01%
Royal Dutch Shell PLC - B Shs 0.08%
Royal Dutch Shell PLC-A Shs 0.09%
Rwe AG 0.02%
Shell International Finance Bv 3.4 12/08/2023 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Sinopec Group Overseas Development 2013 Ltd 5.375 17/10/2043 0.01%
Snam Spa 0.01%
Tatneft PJSC 0.01%
Tatneft PJSC - Pref 0.01%
Tenaga Nasional Bhd 0.01%
Total SA 0.11%
Valero Energy Corp 0.02%
Wec Energy Group Inc 0.03%
Williams Companies Inc 0.02%
Xcel Energy Inc 0.04%

Weapons

Elbit Systems Ltd 0.01%
Heico Corp 0.01%
Mitsubishi Heavy Industries Ltd 0.01%
Teledyne Technologies Inc 0.01%
Transdigm Group Inc 0.02%

Gambling

Aristocrat Leisure Ltd 0.08%
Galaxy Entertainment Group Ltd 0.02%
Las Vegas Sands Corp 0.02%
Mgm Resorts International 0.01%
Sands China Ltd 0.01%
Sky City Entertainment Group 0.04%
Wynn Resorts Ltd 0.01%

Alcohol

Ambev SA 0.01%
Anheuser-Busch Inbev Nv 0.04%
Anheuser-Busch Inbev SA/ 2.250 05/24/29 Mtn 0.01%
Anheuser-Busch Inbev SA/Nv 2.875 25/09/2024 0.01%
Asahi Group Holdings Ltd 0.02%
Brown-Forman Corp-Class B 0.02%
Carlsberg A/S 0.02%
China Resources Beer Holdings Co Ltd 0.01%
Constellation Brands Inc-A 0.03%
Delegat Group Ltd 0.04%
Diageo PLC 0.09%
Heineken Holdings Nv 0.01%
Heineken Nv 0.02%
Kirin Holdings Co Ltd 0.02%
Kweichow Moutai Co Ltd-A 0.01%
LVMH Moet Hennessy Louis Vui 0.11%
Molson Coors Brewing Co -B 0.01%
Pernod Ricard SA 0.04%
Want Want China Holdings Ltd 0.01%

Palm Oil

Astra International Tbk Pt 0.01%
Posco 0.01%
Posco 2.75 15/07/2024 0.01%
Sime Darby Plantation Bhd 0.01%

GMOs

Basf Se 0.05%
Bayer AG-Reg 0.07%
Du Pont De Nemours 0.03%
Novartis AG 0.21%
Novozymes A/S 0.01%
Nutrien Ltd 0.03%
Nutrien Ltd 4 15/12/2026 0.01%

Human Rights & Environmental Violations

Archer-Daniels-Midland Co 0.02%
Astra International Tbk Pt 0.01%
Barrick Gold Corp 0.04%
BHP Billiton Finance Ltd 3 29/05/2024 0.01%
BHP Billiton Finance Ltd 3.25 25/09/2024 0.01%
BHP Group PLC 0.04%
Chevron Corporation 0.16%
Duke Energy Corp 0.07%
Elbit Systems Ltd 0.01%
Essity Aktiebolag-B 0.02%
Freeport - Mcmoran Copper 0.01%
Glencore PLC 0.02%
Grupo Mexico Sab De Cv 0.01%
Johnson & Johnson 0.42%
Nestle Holdings Inc 3.625 24/09/2028 0.01%
Nestle Holdings Inc 4.000 24/09/2048 0.01%
Nestle SA-Reg 0.36%
Nutrien Ltd 0.03%
Nutrien Ltd 4 15/12/2026 0.01%
Petrochina Co Ltd-H 0.01%
Petroleo Brasileiro SA Petrobras 0.03%
Posco 0.01%
Posco 2.75 15/07/2024 0.01%
Rio Tinto PLC 0.06%
Royal Dutch Shell PLC - B Shs 0.08%
Royal Dutch Shell PLC-A Shs 0.09%
Sempra Energy 0.04%
Shell International Finance Bv 3.4 12/08/2023 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Tokyo Electric Power Company Holdings Inc 0.01%
Vale SA 0.04%

Animal Testing

Air Liquide SA 0.070%
Air Products and Chemicals Inc. 0.050%
Akzo Nobel Nv 0.020%
Albemarle Corp 0.010%
Amorepacific Corp 0.010%
Archer-Daniels-Midland Co 0.020%
Argentum Netherlands Bv For Zurich Insurance Co Ltd 3.5 1/10/2046 0.010%
Arkema SA 0.010%
Associated British Foods PLC 0.010%
Basf Se 0.050%
Bayer AG-Reg 0.070%
Bayer US Finance Ii Llc 4.25% 15/12/2025 0.010%
Beiersdorf AG 0.010%
Burberry Group PLC 0.010%
Cabot Oil & Gas Corp 0.010%
Chevron Corporation 0.160%
Chr Hansen Holding A/S 0.010%
Church & Dwight Co Inc 0.020%
Clorox Company 0.030%
Coca-Cola Co/The 0.200%
Coca-Cola European Partners PLC 0.010%
Coca-Cola Hbc AG-Cdi 0.010%
Colgate-Palmolive Co 0.070%
Croda International PLC 0.010%
Danone 0.050%
Du Pont De Nemours 0.030%
Ecolab Inc 0.050%
Essity Aktiebolag-B 0.020%
Estee Lauder Cos Inc/The 0.040%
Fmc Corp 0.010%
General Mills Inc 0.040%
Givaudan SA 0.030%
Glaxosmithkline Capital PLC 3.375 20/12/2027 0.010%
Glaxosmithkline PLC 0.110%
Henkel AG & Co Kgaa 0.030%
Hindustan Unilever Ltd 0.020%
Jeronimo Martins Sgps SA 0.010%
Johnson & Johnson 0.420%
Johnson Matthey PLC. 0.010%
Kao Corporation 0.050%
Kikkoman Corp 0.010%
Kimberly-Clark Corp 0.050%
Koninklijke Dsm Nv 0.020%
Kraft Heinz Co/The 0.020%
L'Oreal SA 0.070%
LVMH Moet Hennessy Louis Vui 0.110%
Nestle Holdings Inc 3.625 24/09/2028 0.010%
Nestle Holdings Inc 4.000 24/09/2048 0.010%
Nestle SA-Reg 0.360%
Novozymes A/S 0.010%
Pepsico Inc 0.200%
PPG Industries Inc 0.020%
Procter and Gamble Co/The 0.320%
Reckitt Benckiser Group PLC 0.060%
Reckitt Benckiser Tsy 2.75% 26/06/2024 0.010%
Royal Dutch Shell PLC - B Shs 0.080%
Royal Dutch Shell PLC-A Shs 0.090%
Shell International Finance Bv 3.4 12/08/2023 0.010%
Shell International Finance Bv 4.375 11/05/2045 0.010%
Shiseido Co Ltd 0.030%
Svenska Cellulosa Ab Sca 0.010%
Tesco Corporate Treasury Services PLC 1.375 24/10/2023 0.010%
Tesco PLC 0.030%
Unilever Nv-Cva 0.080%
Unilever PLC 0.070%
Walgreens Boots Alliance Inc 0.040%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 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 and research organisations.

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 -4.35% 0.66%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    3.35%
  • A2 Milk Company Ltd
    New Zealand Australasian Equities
    2.88%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.76%
  • Microsoft Corporation
    United States International Equities
    1.41%
  • Apple Inc
    United States International Equities
    1.38%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    1.17%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    1.11%
  • Amazon.Com Inc
    United States International Equities
    1.08%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    0.97%
  • BNP Paribas Bank Account NZD
    New Zealand Cash and Equivalents A+
    0.89%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 5.0% 8.84%
New Zealand Fixed Interest 8.0% 6.85%
International Fixed Interest 22.0% 21.57%
Australasian Equities 21.0% 19.99%
International Equities 44.0% 42.75%
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 Tue June 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:
    0.53%
  • Animal Testing:
    3.57%
  • Fossil Fuels:
    2.12%
  • Gambling:
    0.19%
  • GMOs:
    0.41%
  • Human Rights & Environmental Violations:
    1.68%
  • Palm Oil:
    0.04%
  • Tobacco:
    0.00%
  • Weapons:
    0.07%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 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 and research organisations.

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 Balanced Growth Fund invests mostly 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 medium to high levels of return over the long term."

Value $39M NZD
Period of data report Tue June 30th 2020
Members Not provided
Fund started Mon May 21st 2018
Total annual fund fees 1.35%
Total performance based fees 0.0%
Manager's basic fee 1.35%
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, 0 months)
Previously: Non-Executive Director BNZ Life Insurance Limited (current position) (16 years, 7 months)

Richard Ansell

Currently: Director BNZ Investment Services Limited (1 years, 4 months)
Previously: Chair BNZ Investment Review Committee (0 years, 10 months)

Hayley Cassidy

Currently: Director BNZ Investment Services Limited (1 years, 2 months)
Previously: Chief General Counsel BNZ (current position) (1 years, 3 months)

Christine Yates

Currently: Director BNZ Investment Services Limited (0 years, 8 months)
Previously: Chief Customer Officer Private Wealth and Insurances BNZ (current position) (1 years, 4 months)

Paul Richardson

Currently: Director BNZ Investment Services Limited (0 years, 7 months)
Previously: Chief Investment Officer/Executive Director Mint Asset Management Limited (4 years, 8 months)

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

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.