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:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

    • Meta Platforms Inc-Class A 0.38%
    • Johnson & Johnson 0.32%
    • Nestle SA-Reg 0.27%
    • Thermo Fisher Scientific Inc 0.18%
    • Credit Suisse Group AG 0.13%
    • Wells Fargo & Co 0.11%
    • Caterpillar Inc 0.09%
    • Nestle Holdings Inc 0.07%
    • Rio Tinto PLC 0.06%
    • Activision Blizzard Inc 0.05%
    • Credit Suisse New York 0.05%
    • Uber Technologies Inc 0.05%
    • Motorola Solutions Inc 0.04%
    • Rio Tinto Ltd 0.03%
    • Bank Hapoalim Bm 0.01%
    • Bank Leumi Le-Israel 0.01%
    • Centrais Eletricas Brasilier 0.01%
    • Grupo Mexico Sab De Cv-Ser B 0.01%
    • Li Ning Co Ltd 0.01%
    • Mtn Group Ltd 0.01%
    • Teva Pharmaceutical Ind Ltd 0.01%
    • Thermo Fisher Scientific 0.01%
    • Wilmar International Ltd 0.01%
    • Bayer AG-Reg 0.05%
    • Freeport-Mcmoran Inc 0.05%
    • Newcrest Mining Ltd 0.05%
    • Basf Se 0.04%
    • Corteva Inc 0.04%
    • Archer-Daniels-Midland Co 0.03%
    • Nutrien Ltd 0.03%
    • Barrick Gold Corp 0.02%
    • P G & E Corp 0.02%
    • Posco 0.02%
    • Astra International Tbk Pt 0.01%
    • Bunge Ltd 0.01%
    • Fmc Corp 0.01%
    • Jbs SA 0.01%
    • Soc Quimica Y Minera Chile-B 0.01%
    • Wilmar International Ltd 0.01%
    • Zijin Mining Group Co Ltd-H 0.01%
    • Procter & Gamble Co/The 0.27%
    • LVMH Moet Hennessy Louis Vui 0.18%
    • Unilever PLC 0.10%
    • L'Oreal 0.09%
    • Air Liquide SA 0.07%
    • 3M Co 0.05%
    • Bayer AG-Reg 0.05%
    • Colgate-Palmolive Co 0.05%
    • Estee Lauder Companies-Cl A 0.05%
    • Hermes International 0.05%
    • Shin-Etsu Chemical Co Ltd 0.05%
    • Basf Se 0.04%
    • Corteva Inc 0.04%
    • Kering 0.04%
    • Kimberly-Clark Corp 0.04%
    • Sherwin-Williams Co/The 0.04%
    • Braskem Netherlands 0.03%
    • Dow Inc 0.03%
    • Dupont De Nemours Inc 0.03%
    • Ecolab Inc 0.03%
    • Koninklijke Ahold Delhaize N 0.03%
    • Nutrien Ltd 0.03%
    • Albemarle Corp 0.02%
    • Church & Dwight Co Inc 0.02%
    • Givaudan-Reg 0.02%
    • Kao Corp 0.02%
    • PPG Industries Inc 0.02%
    • Akzo Nobel N.V. 0.01%
    • Beiersdorf AG 0.01%
    • Burberry Group PLC 0.01%
    • Chr Hansen Holding A/S 0.01%
    • Clariant AG-Reg 0.01%
    • Clorox Company 0.01%
    • Covestro AG 0.01%
    • Croda International PLC 0.01%
    • Fmc Corp 0.01%
    • Formosa Plastics Corp 0.01%
    • Groupe Bruxelles Lambert Nv 0.01%
    • Henkel AG & Co Kgaa Vor-Pref 0.01%
    • Hormel Foods Corp 0.01%
    • Icl Group Ltd 0.01%
    • Jbs SA 0.01%
    • Kikkoman Corp 0.01%
    • Koninklijke Dsm Nv 0.01%
    • Mitsubishi Chemical Group Co 0.01%
    • Moncler Spa 0.01%
    • Mosaic Co/The 0.01%
    • Mowi Asa 0.01%
    • Nan Ya Plastics Corp 0.01%
    • Nippon Paint Holdings Co Ltd 0.01%
    • Novozymes A/S-B Shares 0.01%
    • Otsuka Holdings Co Ltd 0.01%
    • Rentokil Initial PLC 0.01%
    • Shiseido Co Ltd 0.01%
    • Siam Cement Pub Co-For Reg 0.01%
    • Swatch Group AG/The-Reg 0.01%
    • Tyson Foods Inc-Cl A 0.01%
    • Umicore 0.01%
    • Unicharm Corp 0.01%
    • Yakult Honsha Co Ltd 0.01%
    • Walmart Inc 0.16%
    • Amphenol Corp-Cl A 0.04%
    • L3Harris Technologies Inc 0.03%
    • Transdigm Group Inc 0.03%
    • Teledyne Technologies Inc 0.02%
    • Canadian Tire Corp-Class A 0.01%
    • Heico Corp-Class A 0.01%
    • Howmet Aerospace Inc 0.01%
    • Icl Group Ltd 0.01%
    • Melrose Industries PLC 0.01%
    • Mtu Aero Engines AG 0.01%
    • Rheinmetall AG 0.01%
    • Rolls-Royce Holdings PLC 0.01%
    • Contact Energy Ltd 1.20% 1.5°C
      This company is on a 1.5°C pathway
    • Vier Gas Transport Gmbh 0.19%
    • E.On Intl Finance Bv 0.15%
    • Nextera Energy Inc 0.12%
    • Sgsp Australia Assets 0.12%
    • Apa Infrastructure Ltd 0.11% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Berkshire Hathaway Cl-A-Cdi 0.11%
    • Enbridge Inc 0.10% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Galaxy Pipeline Assets 0.10%
    • National Grid PLC 0.07% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Iberdrola SA 0.06% 1.5°C
      This company is on a 1.5°C pathway
    • Kinder Morgan Ener Part 0.06% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Enterprise Products Oper 0.05% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Kinder Morgan Inc 0.05% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Marathon Petroleum Corp 0.05%
    • Nederlandse Gasunie N.V. 0.05% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Dominion Energy Inc 0.04%
    • Enel Spa 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Phillips 66 0.04%
    • Sempra Energy 0.04% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Valero Energy Corp 0.04%
    • Williams Cos Inc 0.04% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Cheniere Energy Inc 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Consolidated Edison Inc 0.03%
    • Enel Finance Intl Nv 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Itochu Corp 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Tc Energy Corp 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Williams Companies Inc 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Ck Hutchison Holdings Ltd 0.02%
    • Constellation Energy 0.02%
    • E.On Se 0.02%
    • Engie 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Entergy Corp 0.02%
    • Fortis Inc 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Marubeni Corp 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • National Grid Gas PLC 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Neste Oyj 0.02%
    • Oneok Inc 0.02%
    • P G & E Corp 0.02%
    • Pembina Pipeline Corp 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Public Service Enterprise Gp 0.02%
    • Acwa Power Co 0.01%
    • Apa Group 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Astra International Tbk Pt 0.01%
    • Atmos Energy Corp 0.01%
    • Bollore 0.01%
    • Centrica PLC 0.01%
    • Citic Securities Co Ltd-H 0.01%
    • Edp-Energias De Portugal SA 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Enel Americas SA 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Eneos Holdings Inc 0.01%
    • Engie Brasil Energia SA 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Enn Energy Holdings Ltd 0.01%
    • Fairfax Financial Hldgs Ltd 0.01%
    • Fortum Oyj 0.01%
    • Grupo Mexico Sab De Cv-Ser B 0.01%
    • Gulf Energy Developm-Foreign 0.01%
    • Hong Kong & China Gas 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Intertek Group PLC 0.01%
    • Jardine Matheson Hldgs Ltd 0.01%
    • Kansai Electric Power Co Inc 0.01%
    • Loews Corp 0.01%
    • Misc Bhd 0.01%
    • Mitsui Osk Lines Ltd 0.01%
    • Nippon Steel Corp 0.01%
    • Nippon Yusen Kk 0.01%
    • Nrg Energy Inc 0.01%
    • Orsted A/S 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Osaka Gas Co Ltd 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Snam Spa 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Sumitomo Corp 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Targa Resources Corp 0.01%
    • Tokyo Gas Co Ltd 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Weg SA 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 31st March 2023 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

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 $87M NZD
Period of data report 30th June 2023
Fund started 21st May 2018
Total annual fund fees 0.45%
Total performance based fees 0.0%
Manager's basic fee 0.45%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Peter Forster

Currently: Chair, BNZ Investment Review Committee (3 years, 6 months)
Previously: General Manager Wealth, BNZ (current position) (4 years, 10 months)

Richard Ansell

Currently: Member, BNZ Investment Review Committee (3 years, 6 months)
Previously: Director, BNZ Investment Services Limited (current position) (4 years, 4 months)

Jason Wong

Currently: Member, BNZ Investment Review Committee (2 years, 6 months)
Previously: Senior Markets Strategist, BNZ (current position) (7 years, 6 months)

Louis Nel

Currently: Member, BNZ Investment Review Committee (1 years, 3 months)
Previously: Head of Investment Solutions Wealth, BNZ (current position) (12 years, 5 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2023.

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
2023 -4.94% -2.29%
2022 1.99% 0.62%
2021 33.68% 19.75%
2020 -4.45% 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 30th June 2023.

Top 10 Investments

  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    2.35%
  • Apple Inc
    United States Australasian Equities
    2.14%
  • Microsoft Corporation
    United States Australasian Equities
    1.88%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.78%
  • Infratil Ltd
    New Zealand Australasian Equities
    1.53%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.51%
  • Meridian Energy Ltd
    New Zealand Australasian Equities
    1.31%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    1.26%
  • Mainfreight Ltd
    New Zealand Australasian Equities
    1.07%
  • Ebos Group Ltd
    New Zealand Australasian Equities
    0.96%
Type Target Actual
Cash and Cash Equivalents 5.0% 5.9%
New Zealand Fixed Interest 8.0% 8.84%
International Fixed Interest 22.0% 21.7%
Australasian Equities 21.0% 20.16%
International Equities 44.0% 43.4%
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.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2023.