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

    • Thermo Fisher Scientific Inc 1.45%
    • Nutrien Ltd 1.12%
    • Newcrest Mining Ltd 0.84%
    • LVMH Moet Hennessy Louis Vui 1.15%
    • Nutrien Ltd 1.12%
    • LVMH Moet Hennessy Vuitt 0.78%
    • Shin-Etsu Chemical Co Ltd 0.01%
    • Amphenol Corp-Cl A 1.37%
    • Contact Energy Ltd 1.27% 1.5°C
      This company is on a 1.5°C pathway
    • Nextera Energy Partners Lp 1.16%
    • Mitsubishi 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

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 Growth Fund seeks to maximise capital growth for members, over 10 years or more. The Fund invests primarily in international and Australasian equities with a focus on globally-known brands, along with a cash and fixed interest exposure.

Value $440M NZD
Period of data report 30th Sept. 2023
Members 14,075
Fund started 1st Aug. 2018
Total annual fund fees 0.67%
Total performance based fees 0.0%
Manager's basic fee 0.67%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Michael Taylor

Currently: Executive Director and Chief Investment Officer (1 years, 6 months)
Previously: Executive Director and Chief Executive Officer, Pie Funds (15 years, 5 months)

Guy Thornewill

Currently: Head of Global Research (5 years, 2 months)
Previously: Portfolio Manager at Ruffer LLP (9 years, 0 months)

Travis Murdoch

Currently: Head of Fixed Income and Portfolio Manager (0 years, 11 months)
Previously: Portfolio Manager at Milford (2 years, 1 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 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 -3.87% -4.47%
2022 2.25% -15.65%
2021 28.16% 44.65%
2020 -3.43% 8.71%

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 Sept. 2023.

Top 10 Investments

  • BNZ Call Account - NZD
    New Zealand Cash and Equivalents AA-
    3.24%
  • Microsoft Corporation
    United States International Equities
    2.99%
  • ASB Call Account - NZD
    New Zealand Cash and Equivalents AA-
    2.62%
  • Equinix Inc
    United States Listed Property
    2.33%
  • Alphabet Inc Class A
    United States International Equities
    2.28%
  • Apple Inc
    United States International Equities
    2.23%
  • Amazon.Com Inc
    United States International Equities
    2.11%
  • Unitedhealth Group Inc
    United States International Equities
    2.0%
  • Salesforce.Com Inc
    United States International Equities
    1.76%
  • Mastercard Inc-Class A
    United States International Equities
    1.71%
Type Target Actual
Cash and Cash Equivalents 5.0% 8.82%
New Zealand Fixed Interest 10.0% 10.75%
International Fixed Interest 5.0% 13.93%
Australasian Equities 15.0% 9.2%
International Equities 65.0% 54.1%
Listed Properties 0.0% 3.19%
Unlisted Properties 0.0% 0.0%
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 Sept. 2023.