BNZ KiwiSaver First Home Buyer Fund

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Not Mindful
Type: Conservative fund
Past Returns: 2.53%

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

Annual Fees: 0.5%

Annual fees, including any membership and % management fee.

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.


Fossil Fuel

Exxon Mobil Corp 0.05%
Chevron Corporation 0.04%
Total Sa 0.03%
Nextera Energy Inc 0.03%
Royal Dutch Shell Plc - B Shs 0.02%
Dominion Energy Inc 0.02%
Enbridge Inc 0.02%
Royal Dutch Shell Plc-A Shs 0.02%
Perusahaan Listrik Negara Pt 4.125 15/05/2027 0.01%
Eog Resources Inc 0.01%
Bp Capital Markets Plc 0.831% 08/11/2027 0.01%
Petroleo Brasileiro Sa Petrobras 0.01%
Abu Dhabi National Energy Co Pjsc 3.625 12/01/2023 0.01%
Anglo American Plc 0.01%
Gazprom Ord Shs 0.01%
Gazprom (Gaz Capital Sa) 5.150 11/02/2026 0.01%
Wec Energy Group Inc 0.01%
Cnooc Finance 2013 Ltd 2.875 30/09/2029 0.01%
Anglo American Capital Plc 4.125 15/04/2021 0.01%
Phillips 66 0.01%
Valero Energy Corp 0.01%
Bp Capital Markets America Inc 3.937 21/09/2028 0.01%
Glencore Plc 0.01%
Dte Energy Co 0.01%
Bp Capital Markets America Inc 2.75 10/05/2023 0.01%
Firstenergy Corp 0.01%
Eni Spa 0.01%
Kinder Morgan Inc/De 0.01%
Lukoil Pjsc 0.01%
Perusahaan Listrik Negara Pt 6.25 25/01/2049 0.01%
Conocophillips 0.01%
BHP Group Plc 0.01%
Sinopec Group Overseas Development 2013 Ltd 5.375 17/10/2043 0.01%
Xcel Energy Inc 0.01%

Gambling

Sky City Entertainment Group 0.01%
Aristocrat Leisure Ltd 0.01%

Alcohol

Lvmh Moet Hennessy Louis Vui 0.03%
Diageo Plc 0.02%
Constellation Brands Inc-A 0.01%
Delegat Group Ltd 0.01%
Heineken Nv 0.01%
Anheuser-Busch Inbev Nv 0.01%
Anheuser-Busch Inbev Sa/ 2.250 05/24/29 Mtn 0.01%
Pernod Ricard Sa 0.01%

Palm Oil

Posco 2.75 15/07/2024 0.01%

GMOs

Novartis Ag 0.05%
Bayer Ag-Reg 0.02%
Nutrien Ltd 0.01%
Basf Se 0.01%
Du Pont De Nemours 0.01%

Human Rights & Environmental Violations

Johnson & Johnson 0.10%
Nestle Sa-Reg 0.08%
Chevron Corporation 0.04%
Royal Dutch Shell Plc - B Shs 0.02%
Duke Energy Corp 0.02%
Royal Dutch Shell Plc-A Shs 0.02%
Posco 2.75 15/07/2024 0.01%
Petroleo Brasileiro Sa Petrobras 0.01%
Nestle Holdings Inc 3.625 24/09/2028 0.01%
Glencore Plc 0.01%
Nutrien Ltd 0.01%
Nestle Holdings Inc 4.000 24/09/2048 0.01%
Archer-Daniels-Midland Co 0.01%
Essity Aktiebolag-B 0.01%
Rio Tinto Plc 0.01%
Sempra Energy 0.01%
BHP Group Plc 0.01%
Barrick Gold Corp 0.01%
Vale Sa 0.01%

Animal Testing

Johnson & Johnson 0.100%
Nestle Sa-Reg 0.080%
Procter and Gamble Co/The 0.080%
Coca-Cola Co/The 0.050%
Pepsico Inc 0.050%
Chevron Corporation 0.040%
Lvmh Moet Hennessy Louis Vui 0.030%
L'Oreal Sa 0.020%
Royal Dutch Shell Plc - B Shs 0.020%
Air Liquide Sa 0.020%
Colgate-Palmolive Co 0.020%
Bayer Ag-Reg 0.020%
Unilever Plc 0.020%
Glaxosmithkline Plc 0.020%
Unilever Nv-Cva 0.020%
Royal Dutch Shell Plc-A Shs 0.020%
Reckitt Benckiser Tsy 2.75% 26/06/2024 0.010%
Henkel Ag & Co Kgaa 0.010%
Shiseido Co Ltd 0.010%
Clorox Company 0.010%
Nestle Holdings Inc 3.625 24/09/2028 0.010%
Ppg Industries Inc 0.010%
Bayer US Finance Ii Llc 4.25% 15/12/2025 0.010%
Koninklijke Dsm Nv 0.010%
Tesco Property Finance 1 Plc 7.6227 13/07/2039 0.010%
Nestle Holdings Inc 4.000 24/09/2048 0.010%
Archer-Daniels-Midland Co 0.010%
Essity Aktiebolag-B 0.010%
Ecolab Inc 0.010%
Danone 0.010%
Kao Corporation 0.010%
Estee Lauder Cos Inc/The 0.010%
Walgreens Boots Alliance Inc 0.010%
Basf Se 0.010%
Reckitt Benckiser Group Plc 0.010%
Air Products and Chemicals Inc. 0.010%
Kimberly-Clark Corp 0.010%
Givaudan Sa 0.010%
Tesco Plc 0.010%
Tesco Corporate Treasury Services Plc 1.375 24/10/2023 0.010%
Du Pont De Nemours 0.010%
General Mills Inc 0.010%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2020 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.

A summary of this fund and its details.

Number FND520
Name BNZ KiwiSaver First Home Buyer Fund
Risk profile Conservative fund
Description The First Home Buyer Fund invests mostly in income assets which generally have lower levels of risk and return. It also has a small allocation to growth assets which generally have higher levels of risk with the potential for higher returns. It aims to achieve relatively stable returns over the short to medium term.
Value $180M NZD
Members 16,541
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 March 31st 2020
Fund started Tue Sept. 15th 2015
Three-year average return 2.53%
Market index past year return 2.23%
Past year return net charges and tax 1.4%
Past year return net of charges gross of tax 2.01%
Market index return since fund started 4.05%
Return since fund started net 2.84%
Total annual fund fees 0.5%
Total performance based fees 0.0%
Manager's basic fee 0.5%
Administration charges 0.0%
Total other charges 23.4
Total other charges currency NZD

Key Personnel

  • Christine Yates

    Currently: Director, BNZ Investment Services Limited (0 years, 5 months)
    Previously: Chief Customer Officer, Private Wealth and Insurances, BNZ (current position) (1 years, 1 months)

  • Hayley Cassidy

    Currently: Director, BNZ Investment Services Limited (0 years, 11 months)
    Previously: Chief General Counsel, BNZ (current position) (1 years, 0 months)

  • Paul Richardson

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

  • Richard Ansell

    Currently: Director, BNZ Investment Services Limited (1 years, 1 months)
    Previously: Chair, BNZ Investment Review Committee (0 years, 10 months)

  • Richard Morath

    Currently: Director, BNZ Investment Services Limited (6 years, 9 months)
    Previously: Non-Executive Director, BNZ Life Insurance Limited (current position) (16 years, 4 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2020 .

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
2020 1.07% 1.4%
2019 4.40% 2.68%
2018 3.80% 3.5%
2017 4.16% 3.85%

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 31 March 2020 .

Showing the top 10 investments for this fund:

  • Westpac Compound Account NZD
    New Zealand Cash and Equivalents AA-
    5.95%
  • ANZ Bank New Zealand Ltd 4.48 11/05/2020
    New Zealand NZ Fixed Interest AA-
    3.88%
  • Bank Of New Zealand 4.426 18/06/2020
    New Zealand NZ Fixed Interest AA-
    3.52%
  • BNP Bank Account NZD
    New Zealand Cash and Equivalents A+
    3.26%
  • Auckland Council 4.017 24/09/2020
    New Zealand NZ Fixed Interest AA
    2.97%
  • Asbbnk Term Deposit 2.35% 20/09/2019 17/09/2020
    New Zealand Cash and Equivalents AA-
    2.42%
  • ANZ Bank New Zealand Ltd 4.03% 25/09/2020
    New Zealand NZ Fixed Interest AA-
    2.2%
  • Cooperatieve Rabobank Ua/New Zealand 4.592 10/06/2020
    New Zealand NZ Fixed Interest A+
    2.18%
  • BNZ Bank Account
    New Zealand Cash and Equivalents AA-
    1.76%
  • ANZ Bank New Zealand Ltd 1.86 21/12/2020 Frn
    New Zealand NZ Fixed Interest AA-
    1.68%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 31 March 2020 .

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 60.0% 65.47%
New Zealand Fixed Interest 6.0% 3.96%
International Fixed Interest 19.0% 16.71%
Australasian Equities 5.0% 3.09%
International Equities 10.0% 10.77%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 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 31 March 2020 .

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
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.11%
  • Animal Testing:
    0.88%
  • Fossil Fuels:
    0.50%
  • Gambling:
    0.02%
  • GMOs:
    0.10%
  • Human Rights & Environmental Violations:
    0.41%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2020 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.

In their own words: "The First Home Buyer Fund invests mostly in income assets which generally have lower levels of risk and return. It also has a small allocation to growth assets which generally have higher levels of risk with the potential for higher returns. It aims to achieve relatively stable returns over the short to medium term."

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.