BNZ KiwiSaver Moderate Fund

In their own words: "The Moderate Fund invests mostly in income assets which have lower levels of risks and returns. It also has a sizeable allocation to growth assets which have higher risks and returns. It aims to achieve moderate returns over the medium term."

Not Mindful
Type: Conservative fund
Past Returns: 5.68%

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

Annual Fees: 0.9%

Annual fees, including membership and % management fee.

A summary of this fund and it's details.

Number FND517
Name BNZ KiwiSaver Moderate Fund
Risk profile Conservative fund
Description The Moderate Fund invests mostly in income assets which have lower levels of risks and returns. It also has a sizeable allocation to growth assets which have higher risks and returns. It aims to achieve moderate returns over the medium term.
Value $530M NZD
Members 33,492
Market index description based on a composite index made up of related market indices that represent the target investment mix (including currency hedging where relevant)
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Mon Feb. 11th 2013
Three-year average return 5.68%
Market index past year return 13.46%
Past year return net charges and tax 10.83%
Past year return net of charges gross of tax 12.29%
Market index return since fund started 7.89%
Return since fund started net 5.64%
Total annual fund fees 0.9%
Total performance based fees 0.0%
Manager's basic fee 0.9%
Administration charges 0.0%
Total other charges 23.4
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 4.40% 4.43%
2018 3.80% 5.79%
2017 4.16% 6.83%
2016 3.52% 1.48%
2015 8.10% 9.67%
2014 3.88% 4.93%

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:

  • The A2 Milk Company Limited
    New Zealand Australasian Equities
    1.26%
  • Nikko AM Wholesale NZ Cash Fund Two
    New Zealand Cash and Equivalents
    1.24%
  • Westpac Compound Account NZD
    New Zealand Cash and Equivalents AA-
    1.23%
  • Fisher & Paykel Healthcare Corporation L
    New Zealand Australasian Equities
    1.01%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    0.98%
  • New Zealand Government 150521 6.0 Gb
    New Zealand NZ Fixed Interest AA+
    0.84%
  • New Zealand Government 150427 4.50 Gb
    New Zealand NZ Fixed Interest AA+
    0.79%
  • Contact Energy Limited
    New Zealand Australasian Equities N/A
    0.77%
  • New Zealand Govt 200925 2.0 Indexed Bond
    New Zealand NZ Fixed Interest AA+
    0.76%
  • Fannie Mae 30 Year Conventional 010749 3.50 Mbs Pool Sd8001
    United States Int Fixed Interest AAA
    0.73%

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% 11.12%
New Zealand Fixed Interest 14.0% 12.48%
International Fixed Interest 41.0% 39.41%
Australasian Equities 11.0% 11.57%
International Equities 24.0% 25.42%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.0%
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

  • Christine Yates [New]

    Currently: Director, BNZ Investment Services Limited (0 years, 2 months)
    Previously: Chief Customer Officer, Private Wealth and Insurances, BNZ (current Position) (0 years, 10 months)

  • Hayley Cassidy

    Currently: Director, BNZ Investment Services Limited (0 years, 8 months)
    Previously: Chief General Counsel, BNZ (current position) (0 years, 9 months)

  • Paul Richardson [New]

    Currently: Director, BNZ Investment Services Limited (0 years, 1 months)
    Previously: Chief Investment Officer/Executive Director (4 years, 8 months)

  • Richard Ansell

    Currently: Director, BNZ Investment Services Limited (0 years, 10 months)
    Previously: Chair, BNZ Investment Review Committee (0 years, 10 months)

  • Richard Morath

    Currently: Director, BNZ Investment Services Limited (6 years, 6 months)
    Previously: Non-Executive Director, BNZ Life Insurance Limited (current position) (16 years, 1 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:
    0.46%
  • Animal Testing:
    2.12%
  • Fossil Fuels:
    2.01%
  • Gambling:
    0.41%
  • GMOs:
    0.27%
  • Human Rights & Environmental Violations:
    1.06%
  • Palm Oil:
    0.04%
  • Tobacco:
    0.00%
  • Weapons:
    0.04%

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

Exxon Mobil Corp 0.17%
Chevron Corporation 0.12%
Viva Energy Group Ltd 0.08%
Royal Dutch Shell Plc-A Shs 0.07%
Total Sa 0.07%
Bp Plc 0.07%
Nextera Energy Inc 0.06%
Royal Dutch Shell Plc - B Shs 0.06%
Conocophillips 0.04%
Enbridge Inc 0.04%
Dominion Energy Inc 0.04%
Phillips 66 0.03%
Transcanada Corp 0.03%
Suncor Energy Inc 0.03%
Occidental Petroleum Corp 0.02%
Oneok Inc 0.02%
Petroleos Mexicanos 6.35 12/02/2048 0.02%
Petroleos Mexicanos 5.35 12/02/2028 0.02%
Petroleo Brasileiro Sa Petrobras 0.02%
Kinder Morgan Inc/De 0.02%
Marathon Petroleum Corp 0.02%
Valero Energy Corp 0.02%
Snam Spa 0 25/10/2020 0.02%
Sinopec Group Overseas Development 2013 Ltd 5.375 17/10/2043 0.02%
Canadian Natural Resources Ltd 0.02%
BHP Group Plc 0.02%
Cnooc Finance 2013 Ltd 2.875 30/09/2029 0.02%
Anglo American Plc 0.02%
Anglo American Capital Plc 4.125 15/04/2021 0.02%
Abu Dhabi National Energy Co Pjsc 3.625 12/01/2023 0.02%
Glencore Plc 0.02%
Eni Spa 0.02%
Eog Resources Inc 0.02%
Marubeni Corp 0.01%
Marathon Petroleum Corp 4.75 15/12/2023 0.01%
Marathon Oil Corp 2.8 1/11/2022 0.01%
Marathon Oil Corp 0.01%
Newfield Exploration Co 5.375 1/01/2026 0.01%
Noble Energy Inc 0.01%
Husky Energy Inc 3.95 15/04/2022 0.01%
Kinder Morgan Inc/De 5.55 1/06/2045 0.01%
Kinder Morgan Energy Partners Lp 5.8 15/03/2035 0.01%
Jxtg Holdings Inc 0.01%
Sunoco Logistics Partners Operations Lp 3.9 15/07/2026 0.01%
Shell International Finance Bv 3.4 12/08/2023 0.01%
Snam Spa 0.01%
Total Sa 2.625 #N/A Field Not Applicable 0.01%
Total Capital International Sa 3.455 19/02/2029 0.01%
Total Capital International Sa 2.125 19/11/2021 0.01%
Total Capital International Sa 0.696 31/05/2028 0.01%
Targa Resources Corp 0.01%
Shell International Finance Bv 1.625 20/01/2027 0.01%
Pioneer Natural Resources Co 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Omv Ag 4.25 12/10/2021 0.01%
Petrochina Co Ltd-H 0.01%
Pembina Pipeline Corp 0.01%
Puget Sound Energy Inc 5.795 15/03/2040 0.01%
Repsol Sa 0.01%
Repsol International Finance Bv 0.25 2/08/2027 0.01%
Bp Capital Markets Plc 1.827 8/09/2025 0.01%
Bp Capital Markets Plc 1.573 16/02/2027 0.01%
Bp Capital Markets America Inc 3.937 21/09/2028 0.01%
Bp Capital Markets America Inc 2.75 10/05/2023 0.01%
Bp Capital Markets America Inc 2.112 16/09/2021 0.01%
BHP Billiton Finance Ltd 3.25 25/09/2024 0.01%
BHP Billiton Finance Ltd 3 29/05/2024 0.01%
China Petroleum & Chemical - H 0.01%
Cheniere Energy Inc 0.01%
Apache Corp 0.01%
Cenovus Energy Inc 0.01%
Equinor Asa 3.95 15/05/2043 0.01%
Equinor Asa 3.25 10/11/2024 0.01%
Equinor Asa 3.15 23/01/2022 0.01%
Equinor Asa 1.25 17/02/2027 0.01%
Hess Corp 7.125 15/03/2033 0.01%
Hess Corp 0.01%
Glencore Funding Llc 4.875 12/03/2029 0.01%
Glencore Finance Europe Ltd 1.875 13/09/2023 0.01%
Continental Resources Inc/Ok 4.5 15/04/2023 0.01%
Equinor Asa 0.01%
Cnooc Ltd 0.01%
Conocophillips Holding Co 6.95 15/04/2029 0.01%
Conocophillips Co 4.3 15/11/2044 0.01%
Concho Resources Inc 0.01%
Energy Transfer Operating Lp 6.5 1/02/2042 0.01%
Eni Spa 3.75 12/09/2025 0.01%
Engie Sa 7 30/10/2028 0.01%
Engie Sa 2.625 20/07/2022 0.01%
Engie Sa 0.01%
Energy Transfer Operating Lp 6.25 15/04/2049 0.01%
Enbridge Energy Partners Lp 5.875 15/10/2025 0.01%
Engie Sa 1.875 19/09/2033 0.01%
Diamondback Energy Inc 0.01%
Dominion Energy Inc 2 15/08/2021 0.01%
Devon Energy Corp 0.01%
Williams Companies Inc 0.01%
Reliance Industries Ltd 0.04%
Gazprom 0.02%

Weapons

Mitsubishi Heavy Industries Ltd 0.01%
Transdigm Group Inc 0.01%
Heico Corp 0.01%

Gambling

Sky City Entertainment Group 0.22%
Aristocrat Leisure Ltd 0.14%
Mgm Resorts International 0.01%
Las Vegas Sands Corp 0.01%
Sands China Ltd 0.01%
Galaxy Entertainment Group Ltd 0.01%
Wynn Resorts Ltd 0.01%

Alcohol

Lvmh Moet Hennessy Louis Vui 0.05%
Treasury Wine Estates Ltd 0.05%
Diageo Plc 0.05%
Anheuser-Busch Inbev Nv 0.04%
Delegat Group Ltd 0.03%
Pernod Ricard Sa 0.02%
Constellation Brands Inc-A 0.02%
Anheuser-Busch Cos Llc / Anheuser-Busch Inbev Worldwide Inc 4.9 1/02/2046 0.02%
Molson Coors Brewing Co -B 0.01%
Kirin Holdings Co Ltd 0.01%
Kweichow Moutai Co Ltd-A 0.01%
Brown-Forman Corp-Class B 0.01%
China Resources Beer Holdings Co Ltd 0.01%
Carlsberg Breweries A/S 0.5 6/09/2023 0.01%
Carlsberg A/S 0.01%
Ambev Sa 0.01%
Anheuser-Busch Inbev Worldwide Inc 4.6 15/04/2048 0.01%
Anheuser-Busch Inbev Worldwide Inc 4.75 23/01/2029 0.01%
Anheuser-Busch Inbev Sa/Nv 2.875 25/09/2024 0.01%
Anheuser-Busch Inbev Sa/Nv 2.75 17/03/2036 0.01%
Anheuser-Busch Inbev Finance Inc 3.3 1/02/2023 0.01%
Anheuser-Busch Inbev Finance Inc 2.65 1/02/2021 0.01%
Anheuser-Busch Inbev Worldwide Inc 5.55 23/01/2049 0.01%
Asahi Group Holdings Ltd 0.01%
Heineken Nv 0.01%
Heineken Holdings Nv 0.01%

Palm Oil

Posco 2.75 15/07/2024 0.02%
Posco 0.01%
Astra International Tbk Pt 0.01%

GMOs

Novartis Ag 0.10%
Bayer Ag-Reg 0.04%
Basf Se 0.03%
Du Pont De Nemours 0.03%
Nutrien Ltd 0.02%
Novartis Capital Corp 3.1 17/05/2027 0.01%
Nutrien Ltd 4 15/12/2026 0.01%
Basf Se 0.875 6/10/2031 0.01%
Dupont De Nemours Inc 5.419 15/11/2048 0.01%
Dupont De Nemours Inc 4.725 15/11/2028 0.01%

Human Rights & Environmental Violations

Johnson & Johnson 0.19%
Nestle Sa-Reg 0.18%
Chevron Corporation 0.12%
Royal Dutch Shell Plc-A Shs 0.07%
Royal Dutch Shell Plc - B Shs 0.06%
Duke Energy Corp 0.04%
Nutrien Ltd 0.02%
Nestle Holdings Inc 3.625 24/09/2028 0.02%
Posco 2.75 15/07/2024 0.02%
Petroleo Brasileiro Sa Petrobras 0.02%
Vale Sa 0.02%
Sempra Energy 0.02%
BHP Group Plc 0.02%
Barrick Gold Corp 0.02%
Glencore Plc 0.02%
Nestle Holdings Inc 1.375 13/07/2021 0.01%
Nestle Holdings Inc 0.875 18/07/2025 0.01%
Nestle Finance International Ltd 0.375 18/01/2024 0.01%
Johnson & Johnson 3.625 3/03/2037 0.01%
Johnson & Johnson 1.15 20/11/2028 0.01%
Shell International Finance Bv 3.4 12/08/2023 0.01%
Southern Copper Corp 5.875 23/04/2045 0.01%
Shell International Finance Bv 1.625 20/01/2027 0.01%
Posco 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Petrochina Co Ltd-H 0.01%
Nutrien Ltd 4 15/12/2026 0.01%
BHP Billiton Finance Ltd 3.25 25/09/2024 0.01%
BHP Billiton Finance Ltd 3 29/05/2024 0.01%
Archer-Daniels-Midland Co 0.01%
Astra International Tbk Pt 0.01%
Essity Aktiebolag-B 0.01%
Glencore Funding Llc 4.875 12/03/2029 0.01%
Freeport - Mcmoran Copper 0.01%
Glencore Finance Europe Ltd 1.875 13/09/2023 0.01%
Wal Mart De Mexico Sab De Cv 0.01%

Animal Testing

Johnson & Johnson 0.190%
Nestle Sa-Reg 0.180%
Procter and Gamble Co/The 0.170%
Chevron Corporation 0.120%
Pepsico Inc 0.110%
Coca-Cola Co/The 0.110%
Royal Dutch Shell Plc-A Shs 0.070%
Royal Dutch Shell Plc - B Shs 0.060%
Lvmh Moet Hennessy Louis Vui 0.050%
Unilever Nv-Cva 0.050%
Glaxosmithkline Plc 0.050%
L'Oreal Sa 0.040%
Colgate-Palmolive Co 0.040%
Bayer Ag-Reg 0.040%
Kimberly-Clark Corp 0.030%
Unilever Plc 0.030%
Reckitt Benckiser Group Plc 0.030%
Air Liquide Sa 0.030%
Air Products and Chemicals Inc. 0.030%
Basf Se 0.030%
Du Pont De Nemours 0.030%
Danone 0.030%
Ecolab Inc 0.030%
Nestle Holdings Inc 3.625 24/09/2028 0.020%
Kao Corporation 0.020%
Tesco Corporate Treasury Services Plc 1.375 24/10/2023 0.020%
Tesco Plc 0.020%
Walgreens Boots Alliance Inc 0.020%
Shiseido Co Ltd 0.020%
Henkel Ag & Co Kgaa 0.020%
General Mills Inc 0.020%
Estee Lauder Cos Inc/The 0.020%
Nestle Holdings Inc 1.375 13/07/2021 0.010%
Nestle Holdings Inc 0.875 18/07/2025 0.010%
Nestle Finance International Ltd 0.375 18/01/2024 0.010%
International Flavors & Fragrances Inc 0.010%
Kraft Heinz Foods Co 5 4/06/2042 0.010%
Kraft Heinz Co/The 0.010%
Koninklijke Dsm Nv 0.010%
Johnson & Johnson 3.625 3/03/2037 0.010%
Johnson & Johnson 1.15 20/11/2028 0.010%
Shell International Finance Bv 3.4 12/08/2023 0.010%
Unilever Capital Corp 3.125 22/03/2023 0.010%
Shell International Finance Bv 1.625 20/01/2027 0.010%
Tesco Property Finance 1 Plc 7.6227 13/07/2039 0.010%
Praxair Inc 1.625 1/12/2025 0.010%
Shell International Finance Bv 4.375 11/05/2045 0.010%
Ppg Industries Inc 0.010%
Pepsico Inc 4.6 17/07/2045 0.010%
Procter & Gamble Co/The 1.85 2/02/2021 0.010%
Procter & Gamble Co/The 0.5 25/10/2024 0.010%
Burberry Group Plc 0.010%
Basf Se 0.875 6/10/2031 0.010%
Beiersdorf Ag 0.010%
Church & Dwight Co Inc 0.010%
Akzo Nobel Nv 0.010%
Akzo Nobel Nv 2.625 27/07/2022 0.010%
Air Liquide Finance Sa 0.375 18/04/2022 0.010%
Argentum Netherlands Bv For Zurich Insurance Co Ltd 3.5 1/10/2046 0.010%
Archer-Daniels-Midland Co 0.010%
Fmc Corp 0.010%
Essity Aktiebolag-B 0.010%
Glaxosmithkline Capital Plc 3.375 20/12/2027 0.010%
Givaudan Sa 0.010%
Coca-Cola Co/The 0.75 22/09/2026 0.010%
Coca-Cola European Partners Plc 1.5 8/11/2027 0.010%
Clorox Company 0.010%
Coca-Cola Co/The 3.2 1/11/2023 0.010%
Coca-Cola European Partners Plc 0.010%
Unilever Nv 0.5 12/08/2023 0.010%

Download the fund's disclosure statement and portfolio holdings.

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Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.