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: 0.81%

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 Company PJSC 3.625% 12/01/2023 0.01%
Alleghany Corp 0.01%
Alliant Energy Corp 0.01%
Aluminum Corp Of China Ltd 0.01%
Anglo American Capital PLC 3.625% 11/09/2024 0.01%
Anglo American PLC 0.03%
Arcelormittal 0.01%
Astra International Ord Shs 0.01%
Basf Se 0.05%
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%
Cabot Oil & Gas Ord Shs 0.01%
Cheniere Energy Ord Shs 0.01%
Chevron Corporation 0.12%
China Cinda Finance (2017) I Ltd Medium Term Note 3.65% 09/03/2022 0.01%
China Petroleum & Chemical - H 0.01%
Chubu Electric Power Ord Shs 0.01%
Citic Securities Co Ltd 0.01%
Ck Hutchison Holdings Ltd 0.01%
Ck Hutchison International (19) Ltd 3.25% 11/04/2024 0.01%
Cnac Hk Finbridge Co Ltd 4.875% 14/03/2025 0.01%
Cnooc Finance 2013 Ltd 2.875% 30/09/2029 0.01%
Cnooc Ltd 0.02%
Coca-Cola Co/The 0.17%
Concho Resources Ord Shs 0.01%
Conocophillips 0.03%
Cosmo Energy Holdings Ord Shs 0.01%
Dominion Energy Inc 0.06%
Dte Energy Ord Shs 0.02%
Edp - Energias De Portugal SA 0.01%
Electricite De France SA Medium Term Note 4.125% 25/03/2027 0.01%
Electricite De France SA Medium Term Note 6.125% 02/06/2034 0.01%
Enagas Ord Shs 0.01%
Enbridge Inc 0.05%
Enel Finance International Nv Medium Term Note 0.375% 17/06/2027 0.01%
Enel Spa 0.06%
Engie SA 0.02%
Engie SA 1.375% 00/01/1900 0.01%
Eni Spa 0.02%
Eog Resources Inc 0.02%
Equinor Asa 0.01%
Exxon Mobil Corp 0.13%
Exxon Mobil Corp 1.571% 15/04/2023 0.01%
Fortum Ord Shs 0.01%
Franco-Nevada Corp 0.02%
Galp Energia Sgps SA 0.01%
Gaz Capital SA Medium Term Note 5.15% 11/02/2026 0.01%
Gazprom Ord Shs 0.02%
Glencore PLC 0.02%
Hess Corp 0.01%
Hong Kong & China Gas Co Ltd 0.01%
Iberdrola SA 0.06%
Itochu Corp 0.03%
Jxtg Holdings Ord Shs 0.01%
Kinder Morgan Inc/De 0.02%
Loews Corp 0.01%
Lukoil PJSC 0.02%
Marathon Petroleum Corp 0.02%
Mitsubishi Corp 0.03%
Mitsui & Co Ltd 0.02%
Neste Ord Shs 0.02%
New Zealand Refining Ltd 0.06%
Nextera Energy Inc 0.12%
Nippon Steel & Sumitomo Metal Ord Shs 0.01%
Nrg Energy Ord Shs 0.01%
Occidental Petroleum Corp 0.01%
Omers Finance Trust 0.45% 13/05/2025 0.01%
Orix Corp 0.01%
Orsted Ord Shs 0.02%
Osaka Gas Ord Shs 0.01%
Petrochina Co Ltd-H 0.01%
Petroleo Brasileiro SA Petrobras 0.03%
Phillips 66 0.02%
Pinnacle West Ord Shs 0.01%
Pioneer Natural Resources Co 0.01%
Posco 0.01%
Posco 2.75% 15/07/2024 0.01%
Power Assets Holdings Ord Shs 0.01%
Pt Pertamina (Persero) 3.1% 21/01/2030 0.01%
Ptt Pcl - Foreign 0.01%
Reliance Industries Ltd 0.06%
Repsol SA 0.01%
Rio Tinto PLC 0.06%
Royal Dutch Shell PLC - B Shs 0.05%
Royal Dutch Shell PLC-A Shs 0.04%
Rwe AG 0.02%
Saudi Arabian Oil 0.01%
Saudi Arabian Oil Co Medium Term Note 3.5% 16/04/2029 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 Ord Shs 0.01%
Sse PLC 0.01%
Sse PLC 4.75% 16/09/2077 0.01%
Surgutneftegaz PJSC 0.01%
Tatneft PJSC 0.01%
Tc Energy Corp 0.03%
Tenaga Nasional Ord Shs 0.01%
Total SA 0.07%
Vale SA 0.03%
Valero Energy Corp 0.02%
Wec Energy Group Ord Shs 0.03%
Xcel Energy Inc 3.4% 01/06/2030 0.01%
Xcel Energy Ord Shs 0.03%

Weapons

Amphenol Corp-Cl A 0.03%
Heico Corp 0.01%
Howmet Aerospace Inc 0.01%
Lear Corp 0.01%
Teledyne Technologies Inc 0.01%
Transdigm Group Inc 0.02%

Tobacco

Alimentation Couche-Tard Inc 0.03%
Seven & I Holdings Co Ltd 0.02%

Gambling

Aristocrat Leisure Ltd 0.12%
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%
Sands China Ltd 0.01%
Sands China Ltd 5.4% 08/08/2028 0.01%
Sky City Entertainment Group 0.37%
Wynn Resorts Ord Shs 0.01%

Adult Entertainment/Pornography

Mgm Resorts International Ord Shs 0.01%

Alcohol

Ambev SA 0.01%
Anheuser Busch Inbev Nv Medium Term Note 2.25% 24/05/2029 0.01%
Anheuser-Busch Inbev Nv 0.04%
Asahi Group Holdings Ltd 0.01%
Brown-Forman Corp-Class B 0.01%
Budweiser Brewing Company Apac Ltd 0.01%
China Resources Beer Holdings Ord Shs 0.01%
Constellation Brands Inc 3.75% 01/05/2050 0.01%
Constellation Brands Inc-A 0.03%
Delegat Group Ltd 0.06%
Diageo PLC 0.07%
Heineken Holdings Nv 0.01%
Heineken Nv 0.02%
Heineken Nv Medium Term Note 1% 04/05/2026 0.01%
Kirin Holdings Co Ltd 0.01%
Kweichow Moutai Co Ltd-A 0.02%
LVMH Moet Hennessy Louis Vui 0.11%
Pernod Ricard SA 0.03%
Tsingtao Brewery Co Ltd-A 0.01%
Wuliangye Yibin Co Ltd 0.01%

Palm Oil

Posco 0.01%
Posco 2.75% 15/07/2024 0.01%

GMOs

Corteva Inc 0.02%

Human Rights & Environmental Violations

Archer-Daniels-Midland Co 0.02%
Barrick Gold Corp 0.05%
BHP Group PLC 0.04%
Chevron Corporation 0.12%
Duke Energy Corp 0.06%
Duke Energy Corp 3.15% 15/08/2027 0.01%
Essity Aktiebolag-B 0.02%
Freeport - Mcmoran Copper 0.02%
Glencore PLC 0.02%
Grupo Mexico B Ord Shs 0.01%
Johnson & Johnson 0.35%
Nestle Holdings Inc 3.625% 24/09/2028 0.01%
Nestle Holdings Inc 4% 24/09/2048 0.01%
Nestle SA-Reg 0.29%
Nutrien Ord Shs 0.02%
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 0.05%
Royal Dutch Shell PLC-A Shs 0.04%
Sempra Energy 0.03%
Shell International Finance Bv 4.375% 11/05/2045 0.01%
Vale SA 0.03%

Animal Testing

Air Liquide SA 0.070%
Air Products and Chemicals- Inc. 0.060%
Akzo Nobel Nv 0.020%
Albemarle Corp 0.010%
Archer-Daniels-Midland Co 0.020%
Arkema Ord Shs 0.010%
Asahi Group Holdings Ltd 0.010%
Associated British Foods PLC 0.010%
Basf Se 0.050%
Bayer AG-Reg 0.060%
Bayer Aktiengesellschaft 0.75% 06/01/2027 0.010%
Bayer Capital Corp Bv 1.5% 26/03/2026 0.010%
Bayer US Finance Ii Llc 4.25% 15/10/2025 0.010%
Beiersdorf Ord Shs 0.010%
Burberry Group PLC 0.010%
Chevron Corporation 0.120%
China Feihe Ltd 0.010%
Church and Dwight Ord Shs 0.020%
Clorox Company 0.020%
Cnac Hk Finbridge Co Ltd 4.875% 14/03/2025 0.010%
Coca-Cola Co/The 0.170%
Colgate-Palmolive Co 0.060%
Corteva Inc 0.020%
Covestro AG 0.010%
Croda International PLC 0.010%
Danone 0.040%
Dow Chemical Co 0.5% 15/03/2027 0.010%
Dow Inc 0.030%
Du Pont De Nemours 0.040%
Ecolab Inc 0.050%
Essity Aktiebolag-B 0.020%
Estee Lauder Cos Inc/The 0.040%
Fmc Corp 0.010%
General Mills Inc 0.030%
Givaudan Ord Shs 0.030%
Glaxosmithkline Capital PLC Medium Term Note 1.625% 12/05/2035 0.010%
Glaxosmithkline Capital PLC Medium Term Note 3.375% 20/12/2027 0.010%
Glaxosmithkline PLC 0.080%
Henkel AG & Co Kgaa 0.030%
Herbalife Nutrition Ord Shs 0.010%
Hermes International 0.020%
Hindustan Unilever Ltd 0.020%
Ingredion Ord Shs 0.010%
Johnson & Johnson 0.350%
Johnson Matthey PLC. 0.010%
Kao Corporation 0.030%
Kellogg Co 0.010%
Kerry Group Ord Shs 0.020%
Keurig Dr Pepper Ord Shs 0.010%
Kimberly-Clark Corp 0.040%
Kirin Holdings Co Ltd 0.010%
Koninkilijke Dsm Ord Shs 0.020%
Kraft Heinz Co/The 0.020%
L'Oreal SA 0.070%
Lg Household & Health Care Ord Shs 0.010%
Linde PLC 0.110%
LVMH Moet Hennessy Louis Vui 0.110%
Mondelez International Inc-A 0.070%
Nestle Holdings Inc 3.625% 24/09/2028 0.010%
Nestle Holdings Inc 4% 24/09/2048 0.010%
Nestle SA-Reg 0.290%
Nippon Paint Holdings Ord Shs 0.010%
Nutrien Ord Shs 0.020%
Orkla Asa 0.010%
Pepsico Inc 0.170%
PPG Industries Inc 0.030%
Procter and Gamble Co/The 0.300%
Reckitt Benckiser Group PLC 0.050%
Reckitt Benckiser Tsy 2.75% 26/06/2024 0.010%
Reliance Industries Ltd 0.060%
Royal Dutch Shell PLC - B Shs 0.050%
Royal Dutch Shell PLC-A Shs 0.040%
Sainsbury(J) Ord Shs 0.010%
Seven & I Holdings Co Ltd 0.020%
Shell International Finance Bv 4.375% 11/05/2045 0.010%
Sherwin-Williams Co/The 0.050%
Shin-Etsu Chemical Co Ltd 0.040%
Shiseido Co Ltd 0.020%
Svenska Cellulosa Ab Sca 0.010%
Tate and Lyle Ord Shs 0.010%
Tesco Corporate Treasury Services PLC Medium Term Note 1.375% 24/10/2023 0.010%
Tesco PLC 0.030%
Tesco Property Finance 1 PLC 7.6227% 13/07/2039 0.010%
Umicore Ord Shs 0.010%
Unicharm Corporation 0.010%
Unilever Nv-Cva 0.080%
Unilever PLC 0.060%
Wanhua Chemical Group Co Ltd 0.010%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 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, Sustainalytics and research organisations.

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
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 Thu Dec. 31st 2020.

Showing the top 10 investments for this fund:

  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    2.84%
  • Apple Inc
    United States International Equities
    1.61%
  • Meridian Energy Ltd
    New Zealand Australasian Equities
    1.56%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.54%
  • A2 Milk Company Ltd
    New Zealand Australasian Equities
    1.4%
  • Mainfreight Ltd
    New Zealand Australasian Equities
    1.26%
  • Microsoft Corporation
    United States International Equities
    1.25%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    1.24%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.22%
  • BNP Paribas Bank Account USD
    United States Cash and Equivalents A+
    1.06%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu Dec. 31st 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% 8.08%
New Zealand Fixed Interest 8.0% 6.93%
International Fixed Interest 22.0% 21.82%
Australasian Equities 21.0% 20.32%
International Equities 44.0% 42.85%
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 Thu Dec. 31st 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:
    0.01%
  • Alcohol:
    0.50%
  • Animal Testing:
    3.67%
  • Fossil Fuels:
    2.46%
  • Gambling:
    0.58%
  • GMOs:
    0.02%
  • Human Rights & Environmental Violations:
    1.34%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.05%
  • Weapons:
    0.10%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 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, Sustainalytics 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 $56M NZD
Period of data report Thu Dec. 31st 2020
Members Not provided
Fund started Mon May 21st 2018
Total annual fund fees 0.81%
Total performance based fees 0.0%
Manager's basic fee 0.81%
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, 6 months)
Previously: Non-Executive Director BNZ Life Insurance Limited (current position) (17 years, 1 months)

Richard Ansell

Currently: Director BNZ Investment Services Limited (1 years, 10 months)
Previously: Member BNZ Investment Review Committee (current position) (1 years, 10 months)

Hayley Cassidy

Currently: Director BNZ Investment Services Limited (1 years, 8 months)
Previously: Chief General Counsel BNZ (current position) (1 years, 9 months)

Paul Richardson

Currently: Director BNZ Investment Services Limited (1 years, 1 months)
Previously: Managing Director Carina Capital Limited (current position) (2 years, 5 months)

Daniel Huggins

Currently: Director BNZ Investment Services Limited (0 years, 5 months)
Previously: Executive - Customer Products & Services BNZ (current position) (0 years, 9 months)

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