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 0.49%
    • Thermo Fisher Scientific Inc 0.46%
    • Johnson & Johnson 0.26%
    • Thermo Fisher Scientific 0.17%
    • Caterpillar Finl Service 0.09%
    • Nestle SA-Reg 0.09%
    • Rio Tinto Ltd 0.09%
    • Wells Fargo & Co 0.09%
    • Activision Blizzard 0.05%
    • Rio Tinto PLC-Spon Adr 0.05%
    • Glencore PLC 0.04%
    • Motorola Solutions Inc 0.04%
    • Uber Technologies Inc 0.04%
    • Li Ning Co Ltd 0.02%
    • China Petroleum & Chemical-A 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
    • Petrochina Co Ltd-A 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
    • BHP Group Ltd 0.66% !!
      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 0.14% !!
      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 0.13% !!
      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 0.08%
    • Freeport-Mcmoran Inc 0.06%
    • Corteva Inc 0.05%
    • Duke Energy Corp 0.05%
    • Vale SA 0.05%
    • Bayer AG-Reg 0.04%
    • Glencore PLC 0.04%
    • Archer-Daniels-Midland Co 0.03%
    • Basf Se 0.03%
    • Nutrien Ltd 0.03%
    • Barrick Gold Corp 0.02%
    • Fmc Corp 0.01%
    • Pg&E Corp 0.01%
    • LVMH Moet Hennessy Louis Vui 0.32%
    • Exxon Mobil Corp 0.29% !!
      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 0.26%
    • Chevron Corp 0.22% !!
      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 0.18%
    • LVMH Moet Hennessy Vuitt 0.16%
    • Shell PLC 0.14% !!
      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
    • Shin-Etsu Chemical Co Ltd 0.14%
    • Unilever PLC 0.08%
    • Reliance Industries Ltd 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
    • Sherwin-Williams Co 0.06%
    • Air Liquide SA 0.05%
    • Corteva Inc 0.05%
    • Shiseido Co Ltd 0.05%
    • 3M Co 0.04%
    • Bayer AG-Reg 0.04%
    • Colgate-Palmolive Co 0.04%
    • Dow Inc 0.04%
    • Dupont De Nemours Inc 0.04%
    • Ecolab Inc 0.04%
    • Exxon Mobil Corporation 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
    • Hermes International 0.04%
    • Albemarle Corp 0.03%
    • Basf Se 0.03%
    • Eni Spa 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
    • Kering 0.03%
    • Kimberly-Clark Corp 0.03%
    • Nutrien Ltd 0.03%
    • PPG Industries Inc 0.03%
    • Church & Dwight Co Inc 0.02%
    • Fancl Corp 0.02%
    • Givaudan-Reg 0.02%
    • Henkel AG & Co Kgaa 0.02%
    • Hindustan Unilever Ltd 0.02%
    • Intl Flavors & Fragrances 0.02%
    • Koninklijke Ahold Delhaize N 0.02%
    • Orica Ltd 0.02%
    • Asian Paints Ltd 0.01%
    • Celanese Corp 0.01%
    • China Petroleum & Chemical-A 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
    • Essity Ab 0.01%
    • Fmc Corp 0.01%
    • Formosa Plastics Corp 0.01%
    • Itc Ltd 0.01%
    • Kao Corp 0.01%
    • Koninklijke Dsm Nv 0.01%
    • Nan Ya Plastics Corp 0.01%
    • Rentokil Initial PLC 0.01%
    • The Clorox Co. 0.01%
    • Tyson Foods Inc-Cl A 0.01%
    • Unicharm Corp 0.01%
    • Walmart Inc 0.28%
    • Amphenol Corp 0.03%
    • Brookfield Corp 0.03%
    • Safran SA 0.03%
    • L3Harris Technologies Inc 0.02%
    • Transdigm Inc 0.02%
    • Heico Corp. 0.01%
    • Howmet Aerospace Inc 0.01%
    • Larsen & Toubro Ltd 0.01%
    • Rolls-Royce Holdings PLC 0.01%
    • Teledyne Technologies Inc 0.01%
    • Contact Energy Ltd 0.96% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.66% !!
      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 0.29% !!
      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 0.25% !!
      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 0.22% !!
      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 0.14% !!
      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 0.13% !!
      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 0.11%
    • Equinor Asa-Spon Adr 0.10% !!
      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 0.10%
    • Totalenergies Se 0.09% !!
      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 0.08% !!
      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 0.08% !!
      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
    • Reliance Industries Ltd 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
    • Weir Group PLC/The 0.06%
    • Duke Energy Corp 0.05%
    • Enbridge Inc 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
    • Eog Resources Inc 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
    • Iberdrola SA 0.05% 1.5°C
      This company is on a 1.5°C pathway
    • Marathon Petroleum Corp 0.05%
    • Southern Co/The 0.05%
    • Vale SA 0.05%
    • Canadian Natural Resources 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
    • Exxon Mobil Corporation 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
    • Glencore PLC 0.04%
    • Phillips 66 Co 0.04%
    • Valero Energy Corp 0.04%
    • American Electric Power 0.03%
    • Apa Group 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
    • Dominion Energy Inc 0.03%
    • Enel Spa 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Eni Spa 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
    • Hess Corp 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
    • Itochu Corp 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
    • Kinder Morgan 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
    • Mitsubishi Corp 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
    • Mitsui & Co Ltd 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
    • National Grid PLC 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
    • Occidental Petroleum Cor 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
    • Origin Energy Ltd 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
    • Pioneer Natural Resource 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
    • Sempra Energy 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
    • Suncor Energy 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
    • Tc Energy Corp 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
    • Williams Cos 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
    • Ampol Ltd 0.02%
    • Cenovus 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
    • 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
    • Consolidated Edison Inc 0.02%
    • Constellation Energy 0.02%
    • Devon Energy 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
    • Diamondback 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
    • E.On Se 0.02%
    • Franco-Nevada Corp 0.02%
    • Halliburton Co 0.02%
    • Oneok Inc 0.02%
    • Orica Ltd 0.02%
    • Posco Holdings Inc 0.02%
    • Public Service Enterpris 0.02%
    • Repsol SA 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
    • Rwe AG 0.02%
    • Saudi Arabian Oil 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
    • Washington H. Soul Pattinson 0.02%
    • Wec Energy Group Inc 0.02%
    • Whitehaven Coal Ltd 0.02%
    • Xcel Energy Inc 0.02%
    • Agl Energy Ltd 0.01%
    • Ameren Corp 0.01%
    • Arcelormittal SA 0.01%
    • Atmos Energy Corp 0.01%
    • China Petroleum & Chemical-A 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
    • China Shenhua Energy Co-H 0.01%
    • Cms Energy Corp 0.01%
    • Coterra Energy 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
    • Dte Energy Co 0.01%
    • Engie SA 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
    • Entergy Corp 0.01%
    • Fortis 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
    • Marathon Oil 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
    • Marubeni 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
    • Neste Oyj 0.01%
    • Nippon Steel Corp 0.01%
    • Pembina Pipeline 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
    • Petrochina Co Ltd-A 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
    • Pg&E Corp 0.01%
    • Ppl Corp 0.01%
    • Sumitomo 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
    • Targa Resources Corp 0.01%
    • Weg SA 0.01%
    • Westinghouse Air Brake 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 31st March 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 Shielded Growth Fund is suited to investors who seek relatively high returns over longer term periods (seven years plus), allowing for short to medium term ups and downs, whilst partially shielding the fund against some of the more significant short-term risks. We aim to achieve this by investing predominantly in growth assets, with little or no allocation to income assets.

Value $8.8M NZD
Period of data report 30th June 2023
Members 505
Fund started 31st May 2018
Total annual fund fees 1.29%
Total performance based fees 0.0%
Manager's basic fee 1.24%
Other management and administration charges 0.05%
Total other charges 36.0
Total other charges currency NZD

Nic Craven

Currently: Chief Investment Officer, Booster Financial Services Limited (1 years, 11 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, 4 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, 4 months)
Previously: CIO, Booster Financial Services Limited (17 years, 6 months)

Aaron Usher

Currently: Portfolio Strategy Manager, Booster Financial Services Limited (1 years, 11 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 (5 years, 8 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 30th June 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 -4.84% -4.33%
2022 3.55% 3.6%
2021 33.87% 28.39%
2020 -6.10% -2.16%

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 30th June 2023.

Top 10 Investments

  • Vanguard Int'L Shares Select Exclusions Fund - NZD Hgd
    Australia Fund
    32.82%
  • Vanguard Emerging Markets Share Index Fund
    Australia Fund
    5.37%
  • Vanguard ESG US Stock ETF
    United States Fund
    4.6%
  • NZ Cash (BNZ Bank Trust Account)
    New Zealand Cash and Equivalents A-1+
    2.55%
  • Vanguard Ethically Conscious Gbl Agg Bond Index Fund NZD Hgd
    Australia Fund
    2.22%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    2.0%
  • Ishares Msci Europe ESG ETF
    Germany Fund
    1.94%
  • Booster Wine Group Limited Partnership
    New Zealand Australasian Equities
    1.57%
  • Vanguard Int'L Prop Sec. Index Fund (AUD Hgd)
    Australia Fund
    1.54%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    1.53%
Type Target Actual
Cash and Cash Equivalents 1.0% 3.69%
New Zealand Fixed Interest 0.0% 1.78%
International Fixed Interest 0.0% 2.48%
Australasian Equities 32.0% 27.2%
International Equities 57.0% 61.15%
Listed Properties 4.0% 3.0%
Unlisted Properties 6.0% 0.7%
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 30th June 2023.