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 0.41%
    • Thermo Fisher Scientific Inc 0.18%
    • Johnson & Johnson 0.17%
    • Nestle SA-Reg 0.16%
    • Rio Tinto Ltd 0.10%
    • Thermo Fisher Scientific 0.06%
    • Wells Fargo & Co 0.05%
    • Caterpillar Finl Service 0.04%
    • Rio Tinto PLC-Spon Adr 0.03%
    • Uber Technologies Inc 0.03%
    • Glencore PLC 0.02%
    • Motorola Solutions Inc 0.02%
    • BHP Group Ltd 0.51% !!
      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
    • Chevron Corp 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
    • Shell PLC 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
    • BHP Group Ltd-Spon Adr 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
    • Newcrest Mining Ltd 0.05%
    • Freeport-Mcmoran Inc 0.03%
    • 3M Co 0.02%
    • Archer-Daniels-Midland Co 0.02%
    • Basf Se 0.02%
    • Bayer AG-Reg 0.02%
    • Duke Energy Corp 0.02%
    • Glencore PLC 0.02%
    • Vale SA 0.02%
    • Corteva Inc 0.01%
    • Pg&E Corp 0.01%
    • LVMH Moet Hennessy Louis Vui 0.30%
    • Exxon Mobil Corp 0.23% !!
      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
    • Procter & Gamble Co/The 0.15%
    • Chevron Corp 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
    • Shell PLC 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
    • L'Oreal 0.09%
    • LVMH Moet Hennessy Vuitt 0.07%
    • Shin-Etsu Chemical Co Ltd 0.07%
    • Reliance Industries Ltd 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
    • Sherwin-Williams Co 0.04%
    • Unilever PLC 0.04%
    • Ecolab Inc 0.03%
    • 3M Co 0.02%
    • Air Liquide SA 0.02%
    • Basf Se 0.02%
    • Bayer AG-Reg 0.02%
    • Colgate-Palmolive Co 0.02%
    • Eni Spa 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
    • Exxon Mobil Corporation 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
    • Hermes International 0.02%
    • Kimberly-Clark Corp 0.02%
    • Orica Ltd 0.02%
    • Shiseido Co Ltd 0.02%
    • Corteva Inc 0.01%
    • Dow Inc 0.01%
    • Dupont De Nemours Inc 0.01%
    • Estee Lauder Co Inc 0.01%
    • Givaudan-Reg 0.01%
    • Hindustan Unilever Ltd 0.01%
    • Kering 0.01%
    • PPG Industries Inc 0.01%
    • Walmart Inc 0.17%
    • Amphenol Corp 0.02%
    • Brookfield Corp 0.02%
    • Safran SA 0.02%
    • Transdigm Inc 0.02%
    • Daikin Industries Ltd 0.01%
    • L3Harris Technologies Inc 0.01%
    • Larsen & Toubro Ltd 0.01%
    • Contact Energy Ltd 0.57% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.51% !!
      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
    • Woodside Energy Group Ltd 0.24% !!
      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
    • Exxon Mobil Corp 0.23% !!
      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
    • Chevron Corp 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
    • Shell PLC 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
    • Rio Tinto Ltd 0.10%
    • Channel Infrastructure NZ Lt 0.07%
    • Equinor Asa-Spon Adr 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
    • Total SA 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
    • BHP Group Ltd-Spon Adr 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
    • Conocophillips 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
    • Totalenergies Se 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
    • BP PLC 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
    • Nextera Energy Inc 0.04%
    • Reliance Industries Ltd 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
    • Weir Group PLC/The 0.04%
    • Canadian Natural Resources 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
    • Eog Resources 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
    • Petroleo Brasileiro-Spon Adr 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
    • Rio Tinto PLC-Spon Adr 0.03%
    • Southern Co/The 0.03%
    • American Electric Power 0.02%
    • Ampol Ltd 0.02%
    • Cheniere Energy 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
    • Duke Energy Corp 0.02%
    • Enbridge 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
    • Enel Spa 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Eni Spa 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
    • Exxon Mobil Corporation 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 PLC 0.02%
    • Hess 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
    • Iberdrola SA 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Itochu 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
    • Marathon Petroleum Corp 0.02%
    • Mitsubishi 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
    • Mitsui & Co Ltd 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 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
    • Occidental Petroleum Cor 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
    • Orica Ltd 0.02%
    • Origin Energy Ltd 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
    • Phillips 66 Co 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
    • Pioneer Natural Resource 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
    • Sempra Energy 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
    • Suncor Energy 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
    • Vale SA 0.02%
    • Valero Energy Corp 0.02%
    • Washington H. Soul Pattinson 0.02%
    • Williams Cos 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
    • Agl Energy Ltd 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
    • Consolidated Edison Inc 0.01%
    • Constellation Energy 0.01%
    • Devon Energy 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
    • Dominion Energy Inc 0.01%
    • Grupo Financiero Inbursa Sab De Cv 0.01%
    • Halliburton Co 0.01%
    • Kinder Morgan Inc 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
    • Oneok Inc 0.01%
    • Pg&E Corp 0.01%
    • Posco Holdings Inc 0.01%
    • Public Service Enterpris 0.01%
    • Saudi Arabian Oil Co 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
    • Tc Energy 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
    • Whitehaven Coal Ltd 0.01%
    • Xcel Energy Inc 0.01%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver 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 is suited to investors who seek a medium level of returns on average over medium term periods (five years plus), allowing for shorter-term ups and downs. We aim to achieve this by investing in a mix of income and growth assets.

Value $784M NZD
Period of data report 31st Dec. 2023
Members 35,689
Fund started 1st Oct. 2007
Total annual fund fees 1.19%
Total performance based fees 0.0%
Manager's basic fee 1.15%
Other management and administration charges 0.04%
Total other charges 36.0
Total other charges currency NZD

Nic Craven

Currently: Chief Investment Officer, Booster Financial Services Limited (2 years, 5 months)
Previously: Senior Manager - Research, Booster Financial Services Limited (3 years, 2 months)

Brendon Doyle

Currently: Director of Direct Investments, Booster Financial Services Limited (6 years, 11 months)
Previously: Deputy Secretary, Financial Operations, New Zealand Treasury (1 years, 1 months)

David Beattie

Currently: Chair of the Investment Committee, Booster Investment Management Limited (4 years, 10 months)
Previously: CIO, Booster Financial Services Limited (17 years, 6 months)

Aaron Usher

Currently: Portfolio Strategy Manager, Booster Financial Services Limited (2 years, 5 months)
Previously: Portfolio Manager - Australasian Equities, Booster Financial Services Limited (3 years, 8 months)

Rowan Calvert

Currently: Portfolio Manager - Global Equities, Booster Financial Services Limited (6 years, 2 months)
Previously: Senior Equity Analyst, Booster Financial Services Limited (7 years, 4 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 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 -2.79% -3.17%
2022 0.71% 2.34%
2021 17.98% 18.97%
2020 -1.40% -0.92%
2019 5.81% 6.4%
2018 5.28% 5.42%
2017 5.86% 7.18%
2016 4.01% 2.18%
2015 11.09% 10.94%
2014 7.28% 4.24%

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 KiwiSaver fund has filed with Disclose register to 31st Dec. 2023.

Top 10 Investments

  • Vanguard Int'L Shares Select Exclusions Fund - NZD Hgd
    Australia Fund
    18.7%
  • Vanguard Ethically Conscious Gbl Agg Bond Index Fund NZD Hgd
    Australia Fund
    17.38%
  • Vanguard Emerging Markets Share Index Fund
    Australia Fund
    2.95%
  • Vanguard ESG US Stock ETF
    United States Fund
    2.14%
  • Vanguard Int'L Prop Sec. Index Fund (AUD Hgd)
    Australia Fund
    1.45%
  • NZ Cash (BNZ Bank Trust Account)
    New Zealand Cash and Equivalents A-1+
    1.45%
  • Metrics Secured Private Debt Fund Ii
    Australia Fund
    1.41%
  • NZ Govt Stock 3.50% 14/04/2033
    New Zealand NZ Fixed Interest AAA
    1.2%
  • Ishares Msci Europe ESG ETF
    Germany Fund
    1.11%
  • Secured Loan To Booster KiwiSaver Scheme Geared Growth Fund
    New Zealand NZ Fixed Interest
    1.09%
Type Target Actual
Cash and Cash Equivalents 2.0% 4.89%
New Zealand Fixed Interest 19.0% 19.14%
International Fixed Interest 19.0% 19.23%
Australasian Equities 20.0% 16.88%
International Equities 33.0% 35.21%
Listed Properties 3.0% 2.83%
Unlisted Properties 4.0% 1.82%
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 KiwiSaver fund has filed with Disclose register to 31st Dec. 2023.