OneAnswer Balanced Fund

In their own words: "The Balanced Fund invests in similar amounts of income assets (cash and cash equivalents and fixed interest) and growth assets (equities, listed property and listed infrastructure). The fund may also invest in alternative assets. The fund aims to achieve a positive yearly return (after the fund charge and before tax) that over the long-term is 3.2% over inflation (allowing for a negative return 4.1 years in every 20)."

At a glance:

Not Mindful
Type: Balanced fund
Past Returns: *5.59%

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

Annual Fees: 0.94%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND2173
Name OneAnswer Balanced Fund
Risk profile Balanced fund
Description The Balanced Fund invests in similar amounts of income assets (cash and cash equivalents and fixed interest) and growth assets (equities, listed property and listed infrastructure). The fund may also invest in alternative assets. The fund aims to achieve a positive yearly return (after the fund charge and before tax) that over the long-term is 3.2% over inflation (allowing for a negative return 4.1 years in every 20).
Value $600M NZD
Members 12,484
Market index description The market index annual return is calculated using the target investment mix and the indices of each asset class. Additional information about the market index is available in the statement of investment policy and objectives on the offer register.
Disclosure Statement Period Mon Sept. 30th 2019
Fund started Mon Oct. 1st 2007
Three-year average return *5.59%
Market index past year return 9.13%
Past year return net charges and tax 6.65%
Past year return net of charges gross of tax 7.96%
Market index return since fund started 8.57%
Return since fund started net 7.14%
Total annual fund fees 0.94%
Total performance based fees 0.0%
Manager's basic fee 0.9%
Administration charges 0.04%
Total other charges 24.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2019 5.68% 5.9%
2018 5.63% 5.28%
2017 6.10% 5.11%
2016 4.01% 3.83%
2015 11.09% 13.01%
2014 7.28% 7.25%
2013 10.75% 11.62%
2012 1.75% 3.02%
2011 5.30% 5.55%
2010 16.19% 17.17%

The market index is the average NZ KiwiSaver 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 KiwiSaver fund has filed with Disclose register to 30 September 2019.

Showing the top 10 investments for this fund:

  • Cash Deposit (J.P. Morgan USD)
    United States Cash and Equivalents A-1
    1.49%
  • NZ Govt Stock 15/04/37 2.75%
    New Zealand NZ Fixed Interest AA+
    0.98%
  • NZ Govt Stock 20/04/29 3%
    New Zealand NZ Fixed Interest AA+
    0.86%
  • NZ Govt Stock 5.5% 2023
    New Zealand NZ Fixed Interest AA+
    0.86%
  • ASB Registered Certificate Of Deposit 11/11/19
    New Zealand Cash and Equivalents A-1+
    0.81%
  • Visa Inc
    United States International Equities
    0.79%
  • NZ Govt Stock 4.5% 2027
    New Zealand NZ Fixed Interest AA+
    0.67%
  • NZ Govt Stock 15/04/25 2.75%
    New Zealand NZ Fixed Interest AA+
    0.66%
  • NZ Govt Stock 14/4/2033 3.50%
    New Zealand NZ Fixed Interest AA+
    0.62%
  • A2 Corp Limited
    New Zealand Australasian Equities
    0.6%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 13.85%
New Zealand Fixed Interest 12.0% 10.5%
International Fixed Interest 28.0% 24.44%
Australasian Equities 12.0% 11.46%
International Equities 31.0% 31.41%
Listed Properties 6.0% 7.05%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 2.0% 1.29%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Key Personnel

  • Alan Clarke

    Currently: Co-Head of Diversified Portfolio Management (0 years, 7 months)
    Previously: Senior Mandate Research Manager, ANZ Bank New Zealand Limited (3 years, 7 months)

  • Andrew Mortimer

    Currently: Fund Manager (1 years, 1 months)
    Previously: Senior Investment Analyst (contractor), ANZ Bank New Zealand Limited (0 years, 10 months)

  • Angus Simpson

    Currently: Equity Analyst (1 years, 6 months)
    Previously: Equity Analyst, UBS New Zealand (2 years, 11 months)

  • Craig Brown

    Currently: Portfolio Manager, Australasian Equities (5 years, 2 months)
    Previously: Senior Investment Analyst, ANZ Bank New Zealand Limited (6 years, 6 months)

  • Craig Tyson

    Currently: Head of Australasian Listed Property Securities (1 years, 7 months)
    Previously: Investment Manager, ANZ Bank New Zealand Limited (12 years, 1 months)

  • Iain Cox

    Currently: Head of Australasian Fixed Interest and Cash (5 years, 7 months)
    Previously: Senior Fixed Interest Analyst, ANZ Bank New Zealand Limited (2 years, 10 months)

  • Maaike Van Tol

    Currently: Co-Head of Diversified Portfolio Management (0 years, 7 months)
    Previously: Senior Asset Allocation Manager, ANZ Bank New Zealand Limited (1 years, 8 months)

  • Mathew Young

    Currently: Head of Investment Implementation and FX Strategy (0 years, 7 months)
    Previously: Head of Investment Implementation, ANZ Bank New Zealand Limited (2 years, 2 months)

  • Max Lesser

    Currently: Fund Manager (1 years, 1 months)
    Previously: Senior Investment Analyst (contractor), ANZ Bank New Zealand Limited (0 years, 5 months)

  • Mia Prkusic

    Currently: Fixed Interest Analyst (4 years, 1 months)
    Previously: Portfolio & Advisory Associate, ANZ Bank New Zealand Limited (1 years, 6 months)

  • Paul Huxford

    Currently: Chief Investment Officer, New Zealand (1 years, 3 months)
    Previously: Acting Chief Investment Officer, ANZ Bank New Zealand Limited (0 years, 3 months)

  • Peter Jones

    Currently: Senior Manager Investment Management (7 years, 8 months)
    Previously: Head of Fixed Interest, ANZ Bank New Zealand Limited (6 years, 0 months)

  • Ray Jack

    Currently: Credit Analyst (4 years, 1 months)
    Previously: Investment Analyst, ANZ Bank New Zealand Limited (12 years, 4 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

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
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    1.31%
  • Animal Testing:
    3.55%
  • Fossil Fuels:
    1.15%
  • Gambling:
    0.42%
  • GMOs:
    0.34%
  • Human Rights & Environmental Violations:
    1.30%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.45%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 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 KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons

Specific companies invested in:

Fossil Fuel

Oil Search Limited 0.17%
BHP Billiton Ltd 0.17%
Origin Energy Ltd 0.15%
Enbridge Inc 0.08%
Viva Energy Group 0.07%
Kinder Morgan Inc 0.07%
Koninklijke Vopak Nv 0.07%
Royal Dutch Shell 0.04%
Bp Plc 0.04%
Phillips 66 0.03%
Total Sa 0.03%
Valero Energy Corp 0.03%
Repsol Sa 0.03%
Chevron Corp 0.03%
Anglo American Plc 0.03%
Omv Ag 0.02%
Lukoil Pjsc-Spon Adr 0.02%
Pjsc Tatneft Adr 0.02%
China Petroleum 0.01%
Marubeni Corp 0.01%
Equinor Asa 0.01%
Motor Oil Sa 0.01%

Weapons

Safran Sa 0.18%
United Technologies 0.14%
Bae Systems Plc 0.03%
Textron Inc 0.02%
Raytheon Co 0.02%
Oshkosh Corp 0.02%
Leonardo Spa 0.02%
Rheinmetall Ag 0.02%

Gambling

Aristocrat Leisure 0.23%
Sky City Entertainment Group 0.15%
Sands China Limited 0.02%
Wynn Resorts Ltd 0.02%

Alcohol

Lvmh Moet Hennessy 0.34%
Diageo Plc 0.28%
Pernod-Ricard Sa 0.23%
Heineken Nv 0.13%
Anheuser-Busch 0.10%
Carlsberg As - B Shs 0.09%
Ambev Sa-Adr 0.05%
Ambev Sa 0.04%
Treasury Wine Est 0.04%
Molson Coors Brewing 0.01%

GMOs

Bayer Ag 0.23%
Nufarm Limited 0.10%

Human Rights & Environmental Violations

Nestle Sa 0.53%
Essity Aktiebolag-B 0.28%
Johnson & Johnson 0.18%
BHP Billiton Ltd 0.17%
Sempra Energy 0.05%
Royal Dutch Shell 0.04%
Chevron Corp 0.03%
Leonardo Spa 0.02%
Archer Daniels 0.01%

Animal Testing

Nestle Sa 0.530%
Lvmh Moet Hennessy 0.340%
Reckitt Benckiser 0.310%
Essity Aktiebolag-B 0.280%
Danone 0.240%
Bayer Ag 0.230%
Johnson & Johnson 0.180%
Unilever Nv Ord 0.180%
Akzo Nobel N.V 0.170%
Ppg Industries Inc 0.170%
Colgate Palmolive 0.160%
Koninklijke Dsm Nv 0.150%
Air Liquide 0.140%
Coca Cola Co 0.100%
Pepsico Inc 0.100%
Burberry Group Plc 0.070%
Royal Dutch Shell 0.040%
Glaxosmithkline Plc 0.040%
Walgreens Boots Alli 0.030%
Chevron Corp 0.030%
Solvay Sa 0.020%
Archer Daniels 0.010%
Bayer Motoren Werk 0.010%
Mitsubishi Gas Chem 0.010%
Sainsbury (J) Plc 0.010%

Download the fund's disclosure statement and portfolio holdings.

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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.