Funds
BNZ Youwealth Balanced Growth 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 1.24%
- Genesis Energy Ltd 0.20%
- Nextera Energy Inc 0.14%
- Vier Gas Transport Gmbh 4.625% 26/09/2032 0.14%
- Galaxy Pipeline Assets Bidco Ltd Medium Term Note 2.625% 31/03/2036 0.12%
- N.V. Nederlandse Gasunie 3.375% 11/07/2034 0.08%
- The Williams Companies Inc 2.6% 15/03/2031 0.08%
- Enbridge Inc 0.07%
- Enterprise Products Operating Llc 4.45% 15/02/2043 0.07%
- Dominion Energy Inc 0.05%
- Iberdrola SA 0.05%
- Vier Gas Transport Gmbh 4% 26/09/2027 0.05%
- Cheniere Energy Ord Shs 0.04%
- Marathon Petroleum Corp 0.04%
- Sempra Energy 0.04%
- Tc Energy Corp 0.04%
- Valero Energy Corp 0.04%
- Williams Companies Inc 4.85% 01/03/2048 0.04%
- Anglo American Capital PLC 4.75% 21/09/2032 0.03%
- Consolidated Edison Inc 0.03%
- Enel Spa 0.03%
- Itochu Corp 0.03%
- Kinder Morgan Inc/De 0.03%
- National Grid PLC 0.03%
- Phillips 66 0.03%
- Public Service Enterprise Group Ord Shs 0.03%
- Constellation Energy Corp 0.02%
- Engie SA 0.02%
- Neste Ord Shs 0.02%
- Pembina Pipeline Ord Shs 0.02%
- Ppl Electric Utilities Corp 4.15% 15/06/2048 0.02%
- Rwe AG 0.02%
- Apa Group 0.01%
- Astra International Ord Shs 0.01%
- Atmos Energy Ord Shs 0.01%
- Citic Securities Co Ltd 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%
- Cosan Industria E Comercio Ord Shs 0.01%
- Enel Americas Ord Shs 0.01%
- Engie Brasil Energia Ord Shs 0.01%
- Fortum Ord Shs 0.01%
- Hong Kong & China Gas Co Ltd 0.01%
- Jardine Matherson Holdings Ltd 0.01%
- Kansai Electric Power Ord Shs 0.01%
- Loews Corp 0.01%
- Mitsui O.S.K. Lines Ltd 0.01%
- Nippon Yusen Ord Shs 0.01%
- Power Assets Holdings Ord Shs 0.01%
- Saudi Electricity Ord Shs 0.01%
- Snam Ord Shs 0.01%
- Vier Gas Transport Gmbh 0.125% 10/09/2029 0.01%
Weapons
- Wal-Mart Stores Inc 0.17%
- Brookfield Asset Management Inc 0.05%
- Amphenol Corp-Cl A 0.04%
- L3Harris Technologies Inc 0.04%
- Transdigm Group Inc 0.02%
- Wal Mart De Mexico Sab De Cv 0.02%
- Canadian Tire Corp Ltd 0.01%
- Heico Corp - A 0.01%
- Howmet Aerospace Inc 0.01%
- Mtu Aero Engines AG 0.01%
- Rolls-Royce Holdings PLC 0.01%
- Teledyne Technologies Inc 0.01%
Alcohol
- Anheuser-Busch Inbev Worldwide Inc 5.45% 23/01/2039 0.09%
- Diageo PLC 0.08%
- Anheuser-Busch Inbev Finance Inc 4.7% 01/02/2036 0.07%
- Bacardi Ltd 5.3% 15/05/2048 0.06%
- Bacardi Ltd 4.45% 15/05/2025 0.05%
- Anheuser-Busch Inbev Nv 0.04%
- Diageo Capital B.V. 1.875% 08/06/2034 0.04%
- Pernod Ricard SA 0.04%
- Constellation Brands Inc-A 0.03%
- Australian Vintage Ltd 0.02%
- Delegat Group Ltd 0.02%
- Heineken Nv 0.02%
- Kweichow Moutai Co Ltd-A 0.02%
- Ambev SA 0.01%
- Asahi Group Holdings Ltd 0.01%
- Brown-Forman Corp-Class B 0.01%
- China Resources Beer Holdings Ord Shs 0.01%
- Heineken Holdings Nv 0.01%
- Kirin Holdings Co Ltd 0.01%
- Luzhou Laojiao Co Ltd 0.01%
- Tsingtao Brewery Co Ltd-A 0.01%
- Wuliangye Yibin Co Ltd 0.01%
Palm Oil
- Astra International Ord Shs 0.01%
GMOs
- Corteva Inc 0.04%
Human Rights & Environmental Violations
- Johnson & Johnson 0.38%
- Meta Platforms Inc 0.28%
- Nestle SA-Reg 0.26%
- Thermo Fisher Scientific Inc 0.18%
- Wells Fargo & Co 0.14%
- Credit Suisse Group AG 3.091% 14/05/2032 0.11%
- Caterpillar Inc 0.08%
- Basf Se 3.75% 29/06/2032 0.06%
- Activision Blizzard Inc 0.05%
- Rio Tinto PLC 0.05%
- Archer-Daniels-Midland Co 0.04%
- Bayer AG-Reg 0.04%
- Corteva Inc 0.04%
- Credit Suisse AG London 0.25% 01/09/2028 0.04%
- Freeport - Mcmoran Copper 0.04%
- Nutrien Ord Shs 0.04%
- Barrick Gold Corp 0.03%
- Basf Se 0.03%
- Credit Suisse Group AG 4.194% 01/04/2031 0.03%
- Li Ning Ord Shs 0.02%
- Rio Tinto Ltd 0.02%
- Thermo Fisher Scientific (Finance I) B.V. 1.625% 18/10/2041 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%
- Evergreen Marine Corp (Taiwan) Ord Shs 0.01%
- Fmc Corp 0.01%
- Formosa Chemicals & Fibre Ord Shs 0.01%
- Posco 0.01%
- Teva Pharmaceutical Industries Ord Shs 0.01%
Animal Cruelty
- Procter and Gamble Co/The 0.27%
- Nestle SA-Reg 0.26%
- Coca-Cola Co/The 0.20%
- Pepsico Inc 0.20%
- LVMH Moet Hennessy Louis Vui 0.13%
- Unilever PLC 0.10%
- L'Oreal SA 0.07%
- Mondelez International Inc-A 0.07%
- 3M Co 0.06%
- Basf Se 3.75% 29/06/2032 0.06%
- Kraft Heinz Foods Company 4.125% 01/07/2027 0.06%
- Tesco Property Finance 3 PLC 5.744% 13/04/2040 0.06%
- Air Liquide SA 0.05%
- Colgate-Palmolive Co 0.05%
- Estee Lauder Cos Inc/The 0.05%
- Archer-Daniels-Midland Co 0.04%
- Bayer AG-Reg 0.04%
- Corteva Inc 0.04%
- Daikin Industries Ltd 0.04%
- Danone SA 1% Perpetual 0.04%
- General Mills Inc 0.04%
- Hermes International 0.04%
- Nutrien Ord Shs 0.04%
- Rentokil Initial Finance B.V. 4.375% 27/06/2030 0.04%
- Sherwin-Williams Co/The 0.04%
- Tesco Property Finance 2 PLC 6.0517% 13/10/2039 0.04%
- Albemarle Corp 0.03%
- Basf Se 0.03%
- Constellation Brands Inc-A 0.03%
- Danone 0.03%
- Dow Inc 0.03%
- Ecolab Inc 0.03%
- Kering 0.03%
- Keurig Dr Pepper Ord Shs 0.03%
- Kimberly-Clark Corp 0.03%
- Kraft Heinz Foods Company 4.875% 01/10/2049 0.03%
- Canon Inc 0.02%
- Denso Corp 0.02%
- Du Pont De Nemours 0.02%
- Kao Corporation 0.02%
- Kellogg Co 0.02%
- Koninkilijke Dsm Ord Shs 0.02%
- Koninklijke Ahold Delhaize Nv 0.02%
- Kraft Heinz Co/The 0.02%
- Kraft Heinz Foods Co 4.375% 01/06/2046 0.02%
- Mosaic Co/The 0.02%
- PPG Industries Inc 0.02%
- Ping An Insurance Group 0.02%
- Tesco Property Finance 1 PLC 7.6227% 13/07/2039 0.02%
- Tyson Foods Inc 0.02%
- Akzo Nobel Nv 0.01%
- Asahi Group Holdings Ltd 0.01%
- Avantor Inc 0.01%
- Barry Callebaut Ord Shs 0.01%
- Burberry Group PLC 0.01%
- Campbell Soup Co 0.01%
- Clorox Company 0.01%
- Croda International PLC 0.01%
- Fmc Corp 0.01%
- Formosa Chemicals & Fibre Ord Shs 0.01%
- Fujifilm Holdings Ord Shs 0.01%
- Groupe Bruxelles Lambert SA 0.01%
- Mitsubishi Chemical Holdings Corp 0.01%
- Moncler Ord Shs 0.01%
- Mowi Asa 0.01%
- Nippon Paint Holdings Ord Shs 0.01%
- Otsuka Holdings Co Ltd 0.01%
- Ping An Insurance Group - A 0.01%
- Rentokil Initial Ord Shs 0.01%
- Shiseido Co Ltd 0.01%
- The Swatch Group AG 0.01%
- Turkiye Sise Ve Cam Fabrikalari A Ord Shs 0.01%
- Umicore Ord Shs 0.01%
- Unicharm Corporation 0.01%
- Wilmar International Ord Shs 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 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 | $82M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 21st May 2018 |
| Total annual fund fees | 0.59% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.59% |
| 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 | 0.67% | |
| Animal Cruelty | 2.96% | |
| Fossil Fuels | 3.10% | |
| Gambling | 0.00% | |
| GMOs | 0.04% | |
| Human Rights & Environmental Violations | 2.10% | |
| Palm Oil | 0.01% | |
| Tobacco | 0.00% | |
| Weapons | 0.40% |
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 | 1.53% | 0.62% |
| 2021 | 32.66% | 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 31st Dec. 2022.
Top 10 Investments
-
Fisher & Paykel Healthcare Ltd
New Zealand Australasian Equities2.25% -
Spark New Zealand Ltd
New Zealand Australasian Equities1.71% -
Auckland International Airport Ltd
New Zealand Australasian Equities1.67% -
Apple Inc
United States International Equities1.62% -
Microsoft Corporation
United States International Equities1.48% -
Contact Energy Ltd
New Zealand Australasian Equities1.26% -
Meridian Energy Ltd
New Zealand Australasian Equities1.26% -
Ebos Group Ltd
New Zealand Australasian Equities1.25% -
Infratil Ltd
New Zealand Australasian Equities1.21% -
Mainfreight Ltd
New Zealand Australasian Equities1.07%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 6.0% |
| New Zealand Fixed Interest | 8.0% | 9.0% |
| International Fixed Interest | 22.0% | 21.97% |
| Australasian Equities | 21.0% | 20.27% |
| International Equities | 44.0% | 42.76% |
| 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.