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

    • Kbr Inc 0.90%
    • Nestle SA-Reg 0.61%
    • Credit Suisse Group AG 0.09%
    • Meta Platforms Inc-Class A 0.04%
    • Uber Technologies Inc 0.03%
    • Caterpillar Finl Service 0.01%
    • Credit Suisse New York 0.01%
    • Glencore Funding Llc 0.01%
    • Cargill Inc 0.03%
    • Glencore Funding Llc 0.01%
    • Rentokil Initial PLC 0.71%
    • Herbalife Ltd 0.02%
    • Kbr Inc 0.90%
    • Amphenol Corp-Cl A 0.62%
    • Contact Energy Ltd 1.63% 1.5°C
      This company is on a 1.5°C pathway
    • Channel Infrastructure NZ Lt 0.16%
    • Genesis Energy Ltd 0.04%
    • Electricite De France SA 0.02%
    • Enterprise Products Oper 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
    • Glencore Cap Fin Dac 0.02%
    • National Grid 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
    • Aes 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
    • E.On Intl Finance Bv 0.01%
    • Glencore Funding Llc 0.01%
    • Occidental Petroleum Cor 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
    • Totalenergies Se 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

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. 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 Fund’s strategy is to invest across a range of actively managed funds to create a diversified portfolio with a balanced mix of lower and higher risk assets.

Value $27.3M NZD
Period of data report 30th Sept. 2023
Fund started 3rd April 2018
Total annual fund fees 0.94%
Total performance based fees 0.0%
Manager's basic fee 0.74%
Other management and administration charges 0.2%
Total other charges 0.0
Total other charges currency NZD

Stuart Williams

Currently: Managing Director and Member of Investment Committee (0 years, 6 months)
Previously: Head of Equities – Nikko Asset Management New Zealand Limited (8 years, 7 months)

Fergus Mcdonald

Currently: Head of Bonds & Currency and Member of Investment Committee (23 years, 3 months)
Previously: NZ Fixed Interest Portfolio Manager - Nikko Asset Management New Zealand Limited (10 years, 5 months)

Michael Sherrock

Currently: Head of Equities and Member of Investment Committee (0 years, 6 months)
Previously: Portfolio Manager - Nikko Asset Management New Zealand Limited (8 years, 5 months)

Sam Bryden

Currently: Head of Distribuiton (0 years, 6 months)
Previously: Senior Relationship Manager - Nikko Asset Management New Zealand Limited (4 years, 5 months)

James Rogers

Currently: Chief Operating Officer (6 years, 6 months)
Previously: Senior Project Manager -Nikko Asset Management New Zealand Limited (0 years, 4 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 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% -6.2%
2022 1.99% -1.32%
2021 33.68% 22.97%
2020 -4.45% -3.62%
2019 6.12% 4.46%

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 Sept. 2023.

Top 10 Investments

  • Jpm Multi Manager Alternatives X Acc NZD Hedged
    Luxembourg Other
    5.03%
  • Microsoft Corp
    United States International Equities
    2.12%
  • Infratil Limited
    New Zealand Australasian Equities
    2.04%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.91%
  • NZ Government 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AAA
    1.9%
  • Fisher & Paykel Healthcare
    New Zealand Australasian Equities
    1.89%
  • Contact Energy Limited
    New Zealand Australasian Equities
    1.63%
  • NZ Government 150534 4.25 Gb
    New Zealand NZ Fixed Interest AAA
    1.27%
  • Nvidia Corp
    United States International Equities
    1.14%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.14%
Type Target Actual
Cash and Cash Equivalents 5.0% 4.92%
New Zealand Fixed Interest 20.0% 20.36%
International Fixed Interest 11.0% 10.96%
Australasian Equities 18.0% 18.04%
International Equities 35.0% 34.63%
Listed Properties 6.0% 5.97%
Unlisted Properties 0.0% 0.0%
Other 5.0% 5.12%
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 Sept. 2023.