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

    • Meta Platforms Inc-Class A 1.07%
    • Thermo Fisher Scientific Inc 0.42%
    • Johnson & Johnson 0.27%
    • Nestle SA-Reg 0.26%
    • Uber Technologies Inc 0.15%
    • Thermo Fisher Scientific 0.14%
    • Wells Fargo & Co 0.13%
    • Caterpillar Finl Service 0.11%
    • Rio Tinto Ltd 0.07%
    • Ubs Group AG-Reg 0.07%
    • Rio Tinto PLC-Spon Adr 0.06%
    • Motorola Solutions Inc 0.05%
    • Glencore PLC 0.04%
    • Palantir Technologies Inc-A 0.03%
    • Caterpillar Inc 0.02%
    • Grupo Mexico Sab De Cv-Ser B 0.02%
    • Petrochina Co Ltd-A 0.02% !!
      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
    • China Petroleum & Chemical-A 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
    • Teva Pharmaceutical Industries Limited 0.01%
    • BHP Group Ltd 0.39% !!
      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
    • Chevron Corp 0.21% !!
      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
    • Shell PLC 0.21% !!
      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
    • BHP Group Ltd-Spon Adr 0.10% !!
      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
    • Duke Energy Corp 0.05%
    • Freeport-Mcmoran Inc 0.04%
    • Glencore PLC 0.04%
    • Vale SA 0.04%
    • 3M Co 0.03%
    • Basf Se 0.03%
    • Archer-Daniels-Midland Co 0.02%
    • Barrick Gold Corp 0.02%
    • Bayer AG-Reg 0.02%
    • Corteva Inc 0.02%
    • Ntpc Ltd 0.02%
    • Pg&E Corp 0.02%
    • Nutrien Ltd 0.01%
    • Zijin Mining Group Co Ltd-A 0.01%
    • LVMH Moet Hennessy Louis Vui 0.61%
    • Exxon Mobil Corp 0.47% !!
      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
    • Procter & Gamble Co/The 0.28%
    • Chevron Corp 0.21% !!
      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
    • Shell PLC 0.21% !!
      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
    • L'Oreal 0.16%
    • Shin-Etsu Chemical Co Ltd 0.15%
    • LVMH Moet Hennessy Vuitt 0.14%
    • Reliance Industries Ltd 0.09% !!
      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
    • Unilever PLC 0.08%
    • Air Liquide SA 0.07%
    • Hermes International 0.06%
    • Exxon Mobil Corporation 0.05% !!
      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
    • Colgate-Palmolive Co 0.04%
    • Ecolab Inc 0.04%
    • Sherwin-Williams Co 0.04%
    • 3M Co 0.03%
    • Basf Se 0.03%
    • Dow Inc 0.03%
    • Givaudan-Reg 0.03%
    • Kimberly-Clark Corp 0.03%
    • Bayer AG-Reg 0.02%
    • Corteva Inc 0.02%
    • Dupont De Nemours Inc 0.02%
    • Eni Spa 0.02% !!
      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
    • Estee Lauder Co Inc 0.02%
    • Fancl Corp 0.02%
    • Hindustan Unilever Ltd 0.02%
    • Koninklijke Ahold Delhaize N 0.02%
    • L'Oreal SA 0.02%
    • Orica Ltd 0.02%
    • PPG Industries Inc 0.02%
    • Asian Paints Ltd 0.01%
    • Beiersdorf AG 0.01%
    • Celanese Corp 0.01%
    • China Petroleum & Chemical-A 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
    • Church & Dwight Co Inc 0.01%
    • Entegris Inc 0.01%
    • Intl Flavors & Fragrances 0.01%
    • Itc Ltd 0.01%
    • Kao Corp 0.01%
    • Kering 0.01%
    • Nutrien Ltd 0.01%
    • Otsuka Holdings Co Ltd 0.01%
    • The Clorox Co. 0.01%
    • Tyson Foods Inc-Cl A 0.01%
    • Walmart Inc 0.31%
    • Amphenol Corp 0.04%
    • Safran SA 0.04%
    • Transdigm Inc 0.04%
    • Brookfield Corp 0.03%
    • Rolls-Royce Holdings PLC 0.03%
    • Amphenol Corp-Cl A 0.02%
    • Daikin Industries Ltd 0.02%
    • Larsen & Toubro Ltd 0.02%
    • Booz Allen Hamilton Holdings 0.01%
    • Howmet Aerospace Inc 0.01%
    • Rheinmetall AG 0.01%
    • Teledyne Technologies Inc 0.01%
    • Thales SA 0.01%
    • Contact Energy Ltd 1.30% 1.5°C
      This company is on a 1.5°C pathway
    • Exxon Mobil Corp 0.47% !!
      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
    • BHP Group Ltd 0.39% !!
      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
    • Woodside Energy Group Ltd 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
    • Chevron Corp 0.21% !!
      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
    • Shell PLC 0.21% !!
      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
    • Channel Infrastructure NZ Lt 0.15%
    • Total SA 0.13%
    • Conocophillips 0.11% !!
      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
    • BHP Group Ltd-Spon Adr 0.10% !!
      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
    • Totalenergies Se 0.10% !!
      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
    • Reliance Industries Ltd 0.09% !!
      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
    • BP PLC 0.08% !!
      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
    • Equinor Asa-Spon Adr 0.08% !!
      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
    • Nextera Energy Inc 0.08%
    • Rio Tinto Ltd 0.07%
    • Iberdrola SA 0.06% 1.5°C
      This company is on a 1.5°C pathway
    • Petroleo Brasileiro-Spon Adr 0.06% !!
      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
    • Rio Tinto PLC-Spon Adr 0.06%
    • Canadian Natural Resources 0.05% !!
      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
    • Duke Energy Corp 0.05%
    • Eog Resources Inc 0.05% !!
      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
    • Exxon Mobil Corporation 0.05% !!
      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
    • Mitsubishi Corp 0.05% !!
      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
    • Southern Co/The 0.05%
    • Constellation Energy 0.04%
    • Enbridge Inc 0.04% !!
      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 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Glencore PLC 0.04%
    • Marathon Petroleum Corp 0.04%
    • Mitsui & Co Ltd 0.04% !!
      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
    • National Grid PLC 0.04% !!
      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
    • Phillips 66 Co 0.04%
    • Pioneer Natural Resource 0.04% !!
      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
    • Vale SA 0.04%
    • American Electric Power 0.03%
    • Dominion Energy Inc 0.03%
    • Hess Corp 0.03% !!
      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
    • Itochu Corp 0.03% !!
      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
    • Occidental Petroleum Cor 0.03% !!
      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
    • Oneok Inc 0.03%
    • Sempra Energy 0.03% !!
      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
    • Suncor Energy Inc 0.03% !!
      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
    • Valero Energy Corp 0.03%
    • Williams Cos Inc 0.03% !!
      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
    • Agl Energy Ltd 0.02%
    • Ampol Ltd 0.02%
    • Apa Group 0.02% !!
      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
    • Cenovus Energy Inc 0.02% !!
      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
    • Cheniere Energy Inc 0.02% !!
      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
    • Consolidated Edison Inc 0.02%
    • Devon Energy Corp 0.02% !!
      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
    • Diamondback Energy Inc 0.02% !!
      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
    • E.On Se 0.02%
    • Eni Spa 0.02% !!
      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
    • Grupo Financiero Inbursa Sab De Cv 0.02%
    • Grupo Mexico Sab De Cv-Ser B 0.02%
    • Halliburton Co 0.02%
    • Kinder Morgan Inc 0.02% !!
      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
    • Ntpc Ltd 0.02%
    • Orica Ltd 0.02%
    • Origin Energy Ltd 0.02% !!
      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
    • Petrochina Co Ltd-A 0.02% !!
      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
    • Pg&E Corp 0.02%
    • Posco Holdings Inc 0.02%
    • Public Service Enterpris 0.02%
    • Saudi Arabian Oil Co 0.02% !!
      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
    • South32 Ltd 0.02%
    • Sumitomo Corp 0.02% !!
      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
    • Tc Energy Corp 0.02% !!
      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
    • Washington H. Soul Pattinson 0.02%
    • Wec Energy Group Inc 0.02%
    • Whitehaven Coal Ltd 0.02%
    • Xcel Energy Inc 0.02%
    • Ameren Corp 0.01%
    • Atmos Energy Corp 0.01%
    • Centerpoint Energy Inc 0.01%
    • China Petroleum & Chemical-A 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
    • China Shenhua Energy Co-H 0.01%
    • Cms Energy Corp 0.01%
    • Coterra Energy Inc 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
    • Dassault Systemes Se 0.01%
    • Dte Energy Co 0.01%
    • Engie SA 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
    • Entergy Corp 0.01%
    • Fairfax Financial Hldgs Ltd 0.01%
    • Firstenergy Corp 0.01%
    • Fortis Inc 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
    • Franco-Nevada Corp 0.01%
    • Inpex 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
    • Marathon Oil 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
    • Marubeni 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
    • Nippon Steel Corp 0.01%
    • Nrg Energy Inc 0.01%
    • Pembina Pipeline 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
    • Ppl Corp 0.01%
    • Repsol SA 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
    • Rwe AG 0.01%
    • Targa Resources Corp 0.01%
    • Tata Steel Ltd 0.01%
    • Teck Resources Ltd-Cls B 0.01%
    • Tourmaline Oil 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
    • Vistra Corp 0.01%
    • Weg SA 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 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 Geared Growth Fund is suited to investors who seek higher returns, including increased potential returns via leverage, on average over extended periods (fifteen years plus), allowing for more significant short to medium term ups and downs. We aim to achieve this by investing predominantly in growth assets, with little or no allocation to income assets, and the use of leverage to provide increased exposure.

Value $487M NZD
Period of data report 30th June 2024
Members 13,882
Fund started 15th July 2009
Total annual fund fees 1.43%
Total performance based fees 0.0%
Manager's basic fee 1.37%
Other management and administration charges 0.05%
Total other charges 36.0
Total other charges currency NZD

Nic Craven

Currently: Chief Investment Officer, Booster Financial Services Limited (2 years, 11 months)
Previously: Senior Manager - Research, Booster Financial Services Limited (3 years, 2 months)

David Beattie

Currently: Chair of the Investment Committee, Booster Investment Management Limited (5 years, 4 months)
Previously: CIO, Booster Financial Services Limited (17 years, 6 months)

Charles Roberts

Currently: Adviser to Booster Investment Committee, Booster Financial Services Limited (1 years, 8 months)
Previously: Head of Money Markets, Bank of New Zealand (12 years, 0 months)

Aaron Usher

Currently: Portfolio Strategy Manager, Booster Financial Services Limited (2 years, 11 months)
Previously: Portfolio Manager - Australasian Equities, Booster Financial Services Limited (3 years, 8 months)

Rowan Calvert

Currently: Portfolio Manager - Global Equities, Booster Financial Services Limited (6 years, 8 months)
Previously: Senior Equity Analyst, Booster Financial Services Limited (7 years, 4 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 14.19% 20.53%
2023 -4.84% -7.23%
2022 3.55% 5.4%
2021 33.87% 46.38%
2020 -6.10% -7.45%
2019 10.35% 10.51%
2018 6.95% 10.23%
2017 10.40% 14.56%
2016 4.51% 0.96%
2015 15.30% 18.4%

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

  • Vanguard Int'L Shares Select Exclusions Fund - NZD Hgd
    Australia Fund
    36.98%
  • Vanguard ESG US Stock ETF
    United States Fund
    6.35%
  • Vanguard Emerging Markets Share Index Fund
    Australia Fund
    6.14%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    3.41%
  • Vanguard Int'L Prop Sec. Index Fund (AUD Hgd)
    Australia Fund
    2.66%
  • Infratil Limited
    New Zealand Australasian Equities
    2.21%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    1.94%
  • Ishares Msci Europe ESG ETF
    Germany Fund
    1.92%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    1.59%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    1.47%
Type Target Actual
Cash and Cash Equivalents 1.0% 1.25%
New Zealand Fixed Interest 0.0% 0.13%
International Fixed Interest 0.0% 0.0%
Australasian Equities 32.0% 28.74%
International Equities 57.0% 64.74%
Listed Properties 4.0% 4.63%
Unlisted Properties 6.0% 0.51%
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.