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

    • Contact Energy Limited 0.08%
    • BHP Group Limited 0.06%
    • Exxon Mobil Corp. 0.02%
    • Woodside Energy Group Ltd 0.02%
    • BHP Billiton Adr 0.01%
    • Chevron Corp. 0.01%
    • Equinor Asa 0.01%
    • Wal-Mart Stores Inc 0.01%
    • Sky City Entertainment Group Limited 0.03%
    • BHP Group Limited 0.06%
    • Thermo Fisher Scientific 0.03%
    • Johnson & Johnson 0.02%
    • BHP Billiton Adr 0.01%
    • Chevron Corp. 0.01%
    • Meta Platforms Inc 0.01%
    • Meta Platforms Inc. 0.01%
    • Nestle SA 0.01%
    • Exxon Mobil Corp. 0.02%
    • LVMH Moet Hennessy Louis Vuitton SA 0.02%
    • Chevron Corp. 0.01%
    • Coca-Cola Co. 0.01%
    • L'Oreal SA 0.01%
    • Nestle SA 0.01%
    • Pepsico Inc. 0.01%
    • Procter & Gamble Co. 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 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 Capital Guaranteed Fund invests mainly in income assets and includes only a small amount of growth assets. It is suited to investors who prefer more certainty around maintaining the value of their investments and are willing to accept a lower rate of return.

Value $70M NZD
Period of data report 31st Dec. 2022
Members 8,834
Fund started 1st July 2014
Total annual fund fees 0.9%
Total performance based fees 0.0%
Manager's basic fee 0.9%
Other management and administration charges 0.0%
Total other charges 36.0
Total other charges currency NZD

Nic Craven

Currently: Chief Investment Officer, Booster Financial Services Limited (1 years, 5 months)
Previously: Senior Manager - Research, Booster Financial Services Limited (3 years, 2 months)

Brendon Doyle

Currently: Chair of the Investment Committee, Booster Investment Management Limited (0 years, 8 months)
Previously: Director of Direct Investments, Booster Financial Services Limited (current position) (1 years, 1 months)

Allan Yeo

Currently: Managing Director, Booster Financial Services Limited (24 years, 7 months)
Previously: Associate Director, Barclays Bank plc (2 years, 0 months)

Aaron Usher

Currently: Portfolio Strategy Manager, Booster Financial Services Limited (1 years, 5 months)
Previously: Portfolio Manager - Australasian Equities, Booster Financial Services Limited (3 years, 9 months)

Josh Meier

Currently: Senior Analyst – Fixed Interest & Alternative Credit, Booster Financial Services Limited (0 years, 10 months)
Previously: Fixed Interest and Currency Analyst, Booster Financial Services Limited (3 years, 2 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 0.03%
Animal Cruelty 0.31%
Fossil Fuels 0.43%
Gambling 0.04%
GMOs 0.00%
Human Rights & Environmental Violations 0.29%
Palm Oil 0.00%
Tobacco 0.00%
Weapons 0.04%

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 -1.63% 0.15%
2021 1.50% 0.01%
2020 1.63% 0.45%
2019 2.29% 1.78%
2018 2.05% 1.77%
2017 1.53% 1.99%
2016 2.72% 1.77%

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

  • NZ Cash (BNZ Bank Trust Account)
    New Zealand Cash and Equivalents A-1+
    47.78%
  • ANZ Bank - Td 11 Jan 2023 @ 4.070%
    New Zealand Cash and Equivalents AA-
    5.37%
  • ASB Bank Investments - Td 23 Dec 2024 @ 3.490%
    New Zealand Cash and Equivalents AA-
    4.41%
  • Westpac Treasury - Td 11 Apr 2023 @ 4.980%
    New Zealand Cash and Equivalents AA-
    4.3%
  • Westpac Treasury - Td 24 Jan 2023 @ 3.415%
    New Zealand Cash and Equivalents AA-
    3.27%
  • Westpac Treasury - Td 10 May 2024 @ 1.468%
    New Zealand Cash and Equivalents AA-
    3.27%
  • ANZ Bank - Td 11 Apr 2023 @ 3.250%
    New Zealand Cash and Equivalents AA-
    3.27%
  • ANZ Bank - Td 04 Apr 2023 @ 3.250%
    New Zealand Cash and Equivalents AA-
    3.27%
  • Westpac Treasury - Td 20 May 2024 @ 1.475%
    New Zealand Cash and Equivalents AA-
    3.27%
  • Kiwibank Td - NZPT 10 Jan 2023 @ 2.970%
    New Zealand Cash and Equivalents A+
    3.26%
Type Target Actual
Cash and Cash Equivalents 80.0% 86.24%
New Zealand Fixed Interest 5.0% 6.46%
International Fixed Interest 5.0% 1.54%
Australasian Equities 4.0% 1.71%
International Equities 6.0% 4.05%
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 31st Dec. 2022.