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 1.99%
    • Meta Platforms Inc-Class A 1.27%
    • Wells Fargo & Company 0.41%
    • LVMH Moet Hennessy Louis Vui 1.47%
    • LVMH Moet Hennessy Vuitt 0.47%
    • Unilever Finance 0.38%
    • Amphenol Corp-Cl A 1.62%
    • Total SA 1.37%
    • Totalenergies Cap Intl 0.52% !!
      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
    • Contact Energy Ltd 0.39% 1.5°C
      This company is on a 1.5°C pathway
    • Constellation Energy 0.35%
    • Iberdrola SA 0.33% 1.5°C
      This company is on a 1.5°C pathway
    • Iberdrola Finanzas Sau 0.30% 1.5°C
      This company is on a 1.5°C pathway
    • Wec Energy Group Inc 0.26%
    • National Grid PLC 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
    • Enel Spa 0.19% 1.5°C
      This company is on a 1.5°C pathway
    • Orsted A/S 0.17% 1.5°C
      This company is on a 1.5°C pathway
    • Southern Co 0.17%
    • Entergy Corp 0.11%

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 2024 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 $517M NZD
Period of data report 30th June 2024
Members 13,298
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 (2 years, 3 months)
Previously: Executive Director and Chief Executive Officer, Pie Funds (15 years, 5 months)

Guy Thornewill

Currently: Head of Global Research (5 years, 11 months)
Previously: Portfolio Manager at Ruffer LLP (9 years, 0 months)

Travis Murdoch

Currently: Head of Fixed Income and Portfolio Manager (1 years, 8 months)
Previously: Portfolio Manager at Milford (2 years, 1 months)

Michelle Lopez

Currently: Head of Australasian Equities and Portfolio Manager (Lead) (1 years, 5 months)
Previously: Head of Australian Equities, Abrdn (3 years, 9 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th June 2024.

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
2024 14.32% 16.25%
2023 -3.87% -4.47%
2022 1.40% -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 June 2024.

Top 10 Investments

  • Morrison & Co High Conviction Infra Fund
    New Zealand International Equities
    4.45%
  • Amazon.Com Inc
    United States International Equities
    3.18%
  • BNZ Call Account - NZD
    New Zealand Cash and Equivalents AA-
    2.41%
  • Microsoft Corporation
    United States International Equities
    2.33%
  • Stryker Corp
    United States International Equities
    1.68%
  • Totalenergies Se
    France International Equities
    1.68%
  • Apple Inc
    United States International Equities
    1.65%
  • Alphabet Inc Class A
    United States International Equities
    1.59%
  • Roche Holding AG-Genusschein
    Switzerland International Equities
    1.5%
  • Prologis Inc
    United States Listed Property
    1.45%
Type Target Actual
Cash and Cash Equivalents 5.0% 6.97%
New Zealand Fixed Interest 5.0% 4.8%
International Fixed Interest 10.0% 11.24%
Australasian Equities 15.0% 12.44%
International Equities 65.0% 64.55%
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.

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th June 2024.