BNZ KiwiSaver Growth Fund

In their own words: "The Growth Fund invests primarily in growth assets which generally have higher levels of risk with the potential for higher returns. It also has a modest allocation to income assets which generally have lower levels of risk and return. It aims to achieve higher returns over the long term."

At a glance:

Not Mindful
Type: Growth fund
Past Returns: 8.80%

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

Annual Fees: 1.1%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND519
Name BNZ KiwiSaver Growth Fund
Risk profile Growth fund
Description The Growth Fund invests primarily in growth assets which generally have higher levels of risk with the potential for higher returns. It also has a modest allocation to income assets which generally have lower levels of risk and return. It aims to achieve higher returns over the long term.
Value $650M NZD
Members 42,925
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 8.80%
Market index past year return 21.34%
Past year return net charges and tax 18.38%
Past year return net of charges gross of tax 19.85%
Market index return since fund started 11.14%
Return since fund started net 8.52%
Total annual fund fees 1.1%
Total performance based fees 0.0%
Manager's basic fee 1.1%
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 6.87% 6.62%
2018 7.63% 8.74%
2017 8.87% 11.03%
2016 3.62% 0.86%
2015 13.73% 12.28%
2014 8.43% 9.84%

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
    2.69%
  • Fisher & Paykel Healthcare Corporation L
    New Zealand Australasian Equities
    2.16%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    2.08%
  • Contact Energy Limited
    New Zealand Australasian Equities N/A
    1.65%
  • Meridian Energy Lt Npv
    New Zealand Australasian Equities
    1.46%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.34%
  • Apple Inc
    United States International Equities N/A
    1.21%
  • Microsoft Corp
    United States International Equities N/A
    1.12%
  • Mainfreight Limited
    New Zealand Australasian Equities NA
    1.1%
  • Infratil Limited
    New Zealand Australasian Equities NA
    1.09%

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 5.0% 6.49%
New Zealand Fixed Interest 6.0% 4.6%
International Fixed Interest 19.0% 17.64%
Australasian Equities 24.0% 24.65%
International Equities 46.0% 46.62%
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:
    0.76%
  • Animal Testing:
    3.65%
  • Fossil Fuels:
    3.00%
  • Gambling:
    0.87%
  • GMOs:
    0.43%
  • Human Rights & Environmental Violations:
    1.73%
  • Palm Oil:
    0.06%
  • Tobacco:
    0.00%
  • Weapons:
    0.09%

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 0.31%
Chevron Corporation 0.23%
Viva Energy Group Ltd 0.17%
Royal Dutch Shell Plc-A Shs 0.14%
Total Sa 0.13%
Bp Plc 0.13%
Nextera Energy Inc 0.12%
Royal Dutch Shell Plc - B Shs 0.11%
Dominion Energy Inc 0.08%
Conocophillips 0.07%
Enbridge Inc 0.07%
Phillips 66 0.05%
Petroleo Brasileiro Sa Petrobras 0.05%
Transcanada Corp 0.05%
Suncor Energy Inc 0.05%
Occidental Petroleum Corp 0.04%
Marathon Petroleum Corp 0.04%
Kinder Morgan Inc/De 0.04%
Valero Energy Corp 0.04%
Canadian Natural Resources Ltd 0.04%
BHP Group Plc 0.04%
Eni Spa 0.04%
Eog Resources Inc 0.04%
Oneok Inc 0.03%
Williams Companies Inc 0.03%
Anglo American Plc 0.03%
Glencore Plc 0.03%
Pioneer Natural Resources Co 0.02%
Pembina Pipeline Corp 0.02%
Repsol Sa 0.02%
China Petroleum & Chemical - H 0.02%
Cnooc Ltd 0.02%
Hess Corp 0.02%
Engie Sa 0.02%
Equinor Asa 0.02%
Marubeni Corp 0.01%
Marathon Oil Corp 0.01%
Lundin Petroleum Ab 0.01%
Nippon Yusen Kk 0.01%
Noble Energy Inc 0.01%
Jxtg Holdings Inc 0.01%
Snam Spa 0 25/10/2020 0.01%
Snam Spa 0.01%
Sk Innovation Co Ltd 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Sinopec Shanghai Petrochemical Co Ltd 0.01%
Sinopec Group Overseas Development 2013 Ltd 5.375 17/10/2043 0.01%
Shell International Finance Bv 3.4 12/08/2023 0.01%
Targa Resources Corp 0.01%
Polski Koncern Naftowy Orlen Sa 0.01%
Omv Ag 0.01%
Petrochina Co Ltd-H 0.01%
Petroleos Mexicanos 5.35 12/02/2028 0.01%
Petroleos Mexicanos 6.35 12/02/2048 0.01%
Rubis Sca 0.01%
Sasol Ltd 0.01%
Bp Capital Markets America Inc 2.75 10/05/2023 0.01%
Bp Capital Markets America Inc 3.937 21/09/2028 0.01%
Cabot Oil & Gas Corp 0.01%
BHP Billiton Finance Ltd 3.25 25/09/2024 0.01%
China Coal Energy Co-A 0.01%
Cimarex Energy Co 0.01%
China Shenhua Energy Co-H 0.01%
Cheniere Energy Inc 0.01%
Cenovus Energy Inc 0.01%
Aker Bp Asa 0.01%
Anglo American Capital Plc 4.125 15/04/2021 0.01%
Abu Dhabi National Energy Co Pjsc 3.625 12/01/2023 0.01%
Apache Corp 0.01%
Galp Energia Sgps Sa 0.01%
Inpex Corp 0.01%
Imperial Oil Ltd 0.01%
Inter Pipeline Ltd 0.01%
Idemitsu Kosan Co Ltd 0.01%
Hollyfrontier Corp 0.01%
Diamondback Energy Inc 0.01%
Devon Energy Corp 0.01%
Cnooc Finance 2013 Ltd 2.875 30/09/2029 0.01%
Concho Resources Inc 0.01%
Eni Spa 3.75 12/09/2025 0.01%
Encana Corp 0.01%
Enagas Sa 0.01%
Yanzhou Coal Mining Co Ltd 0.01%
Turkiye Petrol Rafinerileri As 0.01%
Reliance Industries Ltd 0.06%
Gazprom 0.04%
Tatneft 0.01%

Weapons

Transdigm Group Inc 0.03%
Mitsubishi Heavy Industries Ltd 0.01%
Rheinmetall Ag 0.01%
Heico Corp 0.01%
Hanwha Chemical Corp 0.01%
Cobham Plc 0.01%

Gambling

Sky City Entertainment Group 0.49%
Aristocrat Leisure Ltd 0.30%
Las Vegas Sands Corp 0.02%
Mgm Resorts International 0.01%
Sega Sammy Holdings Inc 0.01%
Sands China Ltd 0.01%
Gvc Holdings Plc 0.01%
Galaxy Entertainment Group Ltd 0.01%
Wynn Resorts Ltd 0.01%

Alcohol

Treasury Wine Estates Ltd 0.11%
Lvmh Moet Hennessy Louis Vui 0.10%
Diageo Plc 0.10%
Anheuser-Busch Inbev Nv 0.07%
Delegat Group Ltd 0.07%
Pernod Ricard Sa 0.04%
Constellation Brands Inc-A 0.04%
Kirin Holdings Co Ltd 0.02%
Carlsberg A/S 0.02%
Asahi Group Holdings Ltd 0.02%
Ambev Sa 0.02%
Heineken Nv 0.02%
Brown-Forman Corp-Class B 0.02%
Molson Coors Brewing Co -B 0.01%
Kweichow Moutai Co Ltd-A 0.01%
China Resources Beer Holdings Co Ltd 0.01%
Anheuser-Busch Inbev Finance Inc 2.65 1/02/2021 0.01%
Anheuser-Busch Cos Llc / Anheuser-Busch Inbev Worldwide Inc 4.9 1/02/2046 0.01%
Anheuser-Busch Inbev Sa/Nv 2.75 17/03/2036 0.01%
Heineken Holdings Nv 0.01%
Davide Campari Milano Spa 0.01%
Want Want China Holdings Ltd 0.01%
Yantai Changyu Pioneer Wine Co Ltd 0.01%
Wuliangye Yibin Co Ltd 0.01%

Palm Oil

Sime Darby Plantation Bhd 0.01%
Posco 2.75 15/07/2024 0.01%
Posco 0.01%
Brown & Brown Inc 0.01%
Astra International Tbk Pt 0.01%
Wilmar International Ltd 0.01%

GMOs

Novartis Ag 0.19%
Bayer Ag-Reg 0.07%
Basf Se 0.06%
Du Pont De Nemours 0.06%
Nutrien Ltd 0.03%
Novozymes A/S 0.01%
Stora Enso Oyj 0.01%

Human Rights & Environmental Violations

Johnson & Johnson 0.35%
Nestle Sa-Reg 0.33%
Chevron Corporation 0.23%
Royal Dutch Shell Plc-A Shs 0.14%
Royal Dutch Shell Plc - B Shs 0.11%
Duke Energy Corp 0.07%
Petroleo Brasileiro Sa Petrobras 0.05%
Vale Sa 0.04%
Sempra Energy 0.04%
BHP Group Plc 0.04%
Nutrien Ltd 0.03%
Barrick Gold Corp 0.03%
Archer-Daniels-Midland Co 0.03%
Glencore Plc 0.03%
Wal Mart De Mexico Sab De Cv 0.02%
Essity Aktiebolag-B 0.02%
Nestle Holdings Inc 3.625 24/09/2028 0.01%
Nestle (Malaysia) Bhd 0.01%
Jbs Sa 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Shell International Finance Bv 3.4 12/08/2023 0.01%
Posco 2.75 15/07/2024 0.01%
Posco 0.01%
Petrochina Co Ltd-H 0.01%
BHP Billiton Finance Ltd 3.25 25/09/2024 0.01%
Centrais Eletricas Brasileiras Sa 0.01%
Astra International Tbk Pt 0.01%
Grupo Mexico Sab De Cv 0.01%
Freeport - Mcmoran Copper 0.01%
Hanwha Chemical Corp 0.01%
Wilmar International Ltd 0.01%
Tokyo Electric Power Company Holdings Inc 0.01%

Animal Testing

Johnson & Johnson 0.350%
Nestle Sa-Reg 0.330%
Procter and Gamble Co/The 0.310%
Chevron Corporation 0.230%
Coca-Cola Co/The 0.210%
Pepsico Inc 0.200%
Royal Dutch Shell Plc-A Shs 0.140%
Royal Dutch Shell Plc - B Shs 0.110%
Glaxosmithkline Plc 0.100%
Lvmh Moet Hennessy Louis Vui 0.100%
Unilever Nv-Cva 0.090%
L'Oreal Sa 0.070%
Bayer Ag-Reg 0.070%
Colgate-Palmolive Co 0.070%
Unilever Plc 0.060%
Air Liquide Sa 0.060%
Basf Se 0.060%
Du Pont De Nemours 0.060%
Reckitt Benckiser Group Plc 0.050%
Kimberly-Clark Corp 0.050%
Danone 0.050%
Air Products and Chemicals Inc. 0.050%
Ecolab Inc 0.050%
Kao Corporation 0.040%
Walgreens Boots Alliance Inc 0.040%
Estee Lauder Cos Inc/The 0.040%
General Mills Inc 0.040%
Ppg Industries Inc 0.030%
Shiseido Co Ltd 0.030%
Tesco Plc 0.030%
Archer-Daniels-Midland Co 0.030%
Henkel Ag & Co Kgaa 0.030%
Koninklijke Dsm Nv 0.020%
Kraft Heinz Co/The 0.020%
Church & Dwight Co Inc 0.020%
Clorox Company 0.020%
Akzo Nobel Nv 0.020%
Givaudan Sa 0.020%
Essity Aktiebolag-B 0.020%
Novozymes A/S 0.010%
Newell Brands Inc 0.010%
Nestle Holdings Inc 3.625 24/09/2028 0.010%
Nestle (Malaysia) Bhd 0.010%
Johnson Matthey Plc. 0.010%
Lanxess Ag 0.010%
Kikkoman Corp 0.010%
Kose Corp 0.010%
Societe Bic Sa 0.010%
Shell International Finance Bv 4.375 11/05/2045 0.010%
Shell International Finance Bv 3.4 12/08/2023 0.010%
Sumitomo Chemical Co Ltd 0.010%
Svenska Cellulosa Ab Sca 0.010%
Cabot Oil & Gas Corp 0.010%
Burberry Group Plc 0.010%
Beiersdorf Ag 0.010%
Chr Hansen Holding A/S 0.010%
Albemarle Corp 0.010%
Arkema Sa 0.010%
Argentum Netherlands Bv For Zurich Insurance Co Ltd 3.5 1/10/2046 0.010%
Associated British Foods Plc 0.010%
Glaxosmithkline Capital Plc 3.375 20/12/2027 0.010%
Fmc Corp 0.010%
International Flavors & Fragrances Inc 0.010%
Croda International Plc 0.010%
Coca-Cola European Partners Plc 0.010%
Coca-Cola Hbc Ag-Cdi 0.010%
Tesco Property Finance 1 Plc 7.6227 13/07/2039 0.010%
Tesco Corporate Treasury Services Plc 1.375 24/10/2023 0.010%
Unilever Indonesia Tbk Pt 0.010%
Hindustan Unilever Ltd 0.024%

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 investment. Past returns are not a guide to future returns. 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.