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:

  • Adult Entertainment/Pornography
  • Alcohol
  • Animal Cruelty
  • Fossil Fuels
  • Gambling
  • GMOs
  • Human Rights & Environmental Violations
  • Palm Oil
  • Tobacco
  • Weapons

Companies of concern

    • Kinder Morgan Inc Class P 0.36%
    • Vistra Corp. 0.26%
    • Williams Companies, Inc. 0.24%
    • Nrg Energy, Inc. 0.22%
    • Enbridge Inc. 0.19%
    • Lyondellbasell Industries Nv 0.19%
    • Contact Energy Limited 0.18%
    • Ppl Corporation 0.17%
    • Cms Energy Corporation 0.16%
    • Tc Energy Corporation 0.15%
    • Atmos Energy Corporation 0.14%
    • Nisource Inc 0.14%
    • Enterprise Products Partners L.P. 0.13%
    • Sempra Energy 0.13%
    • Constellation Energy Corporation 0.12%
    • Channel Infrastructure NZ Ltd. 5.1% 01-Mar-2034 0.11%
    • Naturgy Energy Group, S.A. 0.10%
    • National Grid PLC 0.09%
    • Parkland Corporation 0.09%
    • Enagas SA 0.08%
    • Snam S.P.A. 0.08%
    • Contact Energy Limited Rcd 07/11/2022 08/11/2022 0.07%
    • Contact Energy Limited Rcd 19/10/2022 20/10/2022 0.07%
    • Booz Allen Hamilton Holding Corporation Class A 0.10%
    • Delegat Group Limited 0.32%
    • Diageo PLC 0.18%
    • Heineken Holding N.V. 0.15%
    • Constellation Brands, Inc. Class A 0.14%
    • Molson Coors Beverage Company Class B 0.10%
    • Carlsberg As Class B 0.07%
    • Anheuser-Busch Inbev Worldwide, Inc. 5.875% 15-Jun-2035 0.02%
    • Corteva Inc 0.09%
    • Johnson & Johnson 0.71%
    • Rio Tinto PLC 0.38%
    • Fmc Corporation 0.12%
    • Meta Platforms Inc. Class A 0.10%
    • Corteva Inc 0.09%
    • Caterpillar Inc. 0.06%
    • Procter & Gamble Company 0.53%
    • Mondelez International, Inc. Class A 0.29%
    • Lyondellbasell Industries Nv 0.19%
    • Koninklijke Ahold Delhaize N.V. 0.15%
    • Constellation Brands, Inc. Class A 0.14%
    • Dow, Inc. 0.14%
    • Fmc Corporation 0.12%
    • Yara International Asa 0.12%
    • 3M Company 0.10%
    • Molson Coors Beverage Company Class B 0.10%
    • Tyson Foods, Inc. Class A 0.10%
    • Corteva Inc 0.09%
    • Dcc PLC 0.09%
    • Keurig Dr Pepper Inc. 0.09%
    • LVMH Moet Hennessy Louis Vuitton Se 0.09%
    • Unilever PLC 0.09%
    • Dupont De Nemours, Inc. 0.08%
    • Danone SA 0.07%
    • Essity Ab Class B 0.07%
    • Kimberly-Clark Corporation 0.07%
    • Henkel AG & Co. Kgaa 0.06%
    • Henkel AG & Co. Kgaa Pref 0.06%
    • Kao Corp. 0.06%
    • L'Oreal S.A. 0.06%
    • Moncler Spa 0.06%
    • Associated British Foods PLC 0.05%
    • Eastman Chemical Company 0.05%
    • Otsuka Holdings Co., Ltd. 0.05%
    • Celanese Corporation 0.04%
    • Kering SA 0.04%
    • Mowi Asa 0.04%
    • Sherwin-Williams Company 2.95% 15-Aug-2029 0.03%

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. 2022 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 fund aims to grow your investment over the long term by investing mainly in growth assets

Value $1.0B NZD
Period of data report 31st Dec. 2022
Members 34,882
Fund started 1st Oct. 2007
Total annual fund fees 1.04%
Total performance based fees 0.0%
Manager's basic fee 0.97%
Other management and administration charges 0.07%
Total other charges 20.25
Total other charges currency NZD

Ashley Gardyne

Currently: Chief Investment Officer (0 years, 3 months)
Previously: Chief Investment Officer and Senior Portfolio Manager, International Equities, Fisher Funds Management Limited (1 years, 3 months)

Mark Brighouse

Currently: Chief Investment Strategist (5 years, 5 months)
Previously: Chief Investment Officer, Fisher Funds Management Limited (5 years, 9 months)

David Mcleish

Currently: Senior Portfolio Manager, Fixed Interest (11 years, 9 months)
Previously: Executive Director, Goldman Sachs International, London (3 years, 0 months)

Sam Dickie

Currently: Senior Portfolio Manager, International Equities and Property & Infrastructure (0 years, 3 months)
Previously: Senior Portfolio Manager, NZ Equities and Property & Infrastructure, Fisher Funds Management Limited (5 years, 7 months)

Robbie Urquhart

Currently: Senior Portfolio Manager, Australian Equities (4 years, 7 months)
Previously: Portfolio Manager / Principal, Trafalgar Copley Limited (11 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.

Investment Exclusions

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

Issue of concern Does this fund say it excludes this? Actual holdings
Adult Entertainment /Pornography 0.00%
Alcohol 0.98%
Animal Cruelty 3.32%
Fossil Fuels 3.47%
Gambling 0.00%
GMOs 0.09%
Human Rights & Environmental Violations 1.46%
Palm Oil 0.00%
Tobacco 0.00%
Weapons 0.10%

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. 2022 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.

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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

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
2022 1.87% 3.04%
2021 27.41% 24.72%
2020 -3.40% -1.12%
2019 6.95% 7.17%
2018 7.80% 7.22%
2017 9.24% 8.75%
2016 3.62% 3.93%
2015 13.73% 10.5%
2014 8.43% 10.08%
2013 12.00% 12.7%

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. 2022.

Top 10 Investments

  • ANZ 10 A/C - Current Accounts
    New Zealand Cash and Equivalents
    8.19%
  • Emini S&P 500 (Cme) Mar 23 16/03/2023
    United States International Equities
    2.77%
  • Mainfreight Limited
    New Zealand Australasian Equities
    2.38%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    2.11%
  • Infratil Limited
    New Zealand Australasian Equities
    1.83%
  • Xero Limited
    Australia Australasian Equities
    1.63%
  • Proper("Bayfair Shopping Centre - Retail")
    New Zealand Unlisted Property
    1.49%
  • CSL Limited
    Australia Australasian Equities
    1.24%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    1.17%
  • Apple Inc.
    United States International Equities
    1.02%
Type Target Actual
Cash and Cash Equivalents 1.0% 3.49%
New Zealand Fixed Interest 11.0% 10.82%
International Fixed Interest 7.0% 4.17%
Australasian Equities 25.0% 25.15%
International Equities 47.0% 47.7%
Listed Properties 0.0% 0.0%
Unlisted Properties 4.5% 3.78%
Other 4.5% 4.89%
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 31st Dec. 2022.