Funds
Juno Growth Fund
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
Human Rights Violations
-
Thermo Fisher Scientific Inc 1.45%
Human Rights Abuses
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
THERMO FISHER SCIENTIFIC INC Human Rights Abuses
Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. Thermo Fisher DNA testing kits have been linked to surveillance and discriminatory purposes by the legal authorities in Xinjiang (a region of China) for monitoring and tracking the Muslim Uyghur ethnic group and other minorities. Evidence shows Thermo Fisher Scientific continues to supply DNA sequencing products to the Xinjiang region, despite the company announcing it would halt sales to the region in 2019.
-
Thermo Fisher Scientific Inc 1.45%
Environmental Harm
-
Nutrien Ltd 1.12%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Highly Hazardous Pesticides
Where companies are involved in the production or distribution of highly hazardous pesticides, according to the PAN International List of Highly Hazardous Pesticides.
-
Newcrest Mining Ltd 0.84%
Environmental Damage
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
-
Nutrien Ltd 1.12%
Animal Cruelty
-
LVMH Moet Hennessy Louis Vui 1.15%
Animal Welfare Issues
Where companies, through their products or operations, cause harm to animals e.g., animal entertainment (such as marine parks and rodeos), livestock exports, whale meat etc.
Fur & Speciality Leather
Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).
-
Nutrien Ltd 1.12%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Highly Hazardous Pesticides
Where companies are involved in the production or distribution of highly hazardous pesticides, according to the PAN International List of Highly Hazardous Pesticides.
-
LVMH Moet Hennessy Vuitt 0.78%
Animal Welfare Issues
Where companies, through their products or operations, cause harm to animals e.g., animal entertainment (such as marine parks and rodeos), livestock exports, whale meat etc.
Fur & Speciality Leather
Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).
-
Shin-Etsu Chemical Co Ltd 0.01%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
-
LVMH Moet Hennessy Louis Vui 1.15%
Weapons
Fossil Fuels
-
Contact Energy Ltd 1.27%
1.5°C
This company is on a 1.5°C pathway
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
CONTACT ENERGY LTD Fossil Fuel Power Generation
Contact Energy is one of Aotearoa New Zealand’s largest electric utilities companies. Contact operates three thermal power stations that employ gas and diesel. In FY2023, 7% of the energy Contact generated came from thermal generation. However, Contact has announced plans for further investment in renewable generation. This includes NZD 1.2 billion in geothermal power, by constructing a new station and expanding capacity at an existing station, along with early developments in wind and solar generation. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
-
Nextera Energy Partners Lp 1.16%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Mitsubishi Corp 0.01%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Contact Energy Ltd 1.27%
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
In their own words
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 | $481M NZD |
Period of data report | 31st Dec. 2023 |
Members | 13,809 |
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 |
Key Personnel
Michael Taylor |
Currently: Executive Director and Chief Investment Officer (1 years, 9 months) |
Guy Thornewill |
Currently: Head of Global Research (5 years, 5 months) |
Travis Murdoch |
Currently: Head of Fixed Income and Portfolio Manager (1 years, 2 months) |
Michelle Lopez |
Currently: Head of Australasian Equities and Portfolio Manager (Lead) (0 years, 11 months) |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 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 31st Dec. 2023.
Top 10 Investments
-
BNZ Call Account - NZD
New Zealand Cash and Equivalents AA-3.66% -
Microsoft Corporation
United States International Equities3.46% -
Morrison & Co High Conviction Infrastructure Fund
Australia International Equities3.43% -
Amazon.Com Inc
United States International Equities2.74% -
Apple Inc
United States International Equities2.18% -
Alphabet Inc Class A
United States International Equities2.11% -
Salesforce.Com Inc
United States International Equities1.99% -
Unitedhealth Group Inc
United States International Equities1.82% -
Schneider Electric Se
France International Equities1.71% -
Taiwan Semiconductor Manufacturing Co Ltd
Taiwan, Province of China International Equities1.68%
Type | Target | Actual |
---|---|---|
Cash and Cash Equivalents | 5.0% | 8.15% |
New Zealand Fixed Interest | 5.0% | 6.65% |
International Fixed Interest | 10.0% | 11.44% |
Australasian Equities | 15.0% | 9.58% |
International Equities | 65.0% | 64.18% |
Listed Properties | 0.0% | 0.0% |
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.
Target
Actual
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2023.