Not Mindful
Fund type: Aggressive fund
Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
Annual fees, including management and administration fees, but not membership fee.
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.
Fossil Fuel
Ampol Ltd 0.01%
Anglo American PLC 0.01%
Apa Group 0.01%
Arcelormittal 0.01%
BHP Group Ltd 0.18%
BHP Group PLC 0.02%
Beach Energy Ltd 0.02%
Bharat Petroleum Corp Ltd 0.02%
Canadian Natural Resources 0.06%
Cheniere Energy Inc 0.01%
Chevron Corp 0.18%
China Suntien Green Energy-H 0.01%
Citic Securities Co Ltd-H 0.02%
Coca-Cola Co/The 0.11%
Conocophillips 0.13%
Devon Energy Corp 0.03%
Diamondback Energy Inc 0.02%
Dominion Energy Inc 0.03%
Enbridge Inc 0.02%
Engie 0.01%
Eni Spa 0.02%
Eog Resources Inc 0.06%
Equinor Asa 0.01%
Equinor Asa 3.625000% 09/10/2028 0.03%
Equinor Asa 3.700000% 03/01/2024 0.01%
Exxon Mobil Corp 0.19%
Genesis Energy Ltd 0.14%
Glencore Funding Llc 2.500000% 09/01/2030 0.01%
Glencore PLC 0.05%
Hess Corp 0.05%
Itochu Corp 0.01%
Jefferies Financial Group In 0.01%
Kinder Morgan Inc 0.04%
Lg Corp 0.01%
Lyondellbasell Indu-Cl A 0.07%
Marathon Oil Corp 0.01%
Marathon Petroleum Corp 0.06%
Mitsubishi Corp 0.03%
New Hope Corp Ltd 0.01%
New Zealand Refining Co Ltd 0.02%
Nippon Yusen Kk 0.01%
Occidental Petroleum Corp 0.05%
Oil Search Ltd 0.02%
Oneok Inc 0.04%
Origin Energy Ltd 0.01%
Petronet Lng Ltd 0.02%
Phillips 66 0.01%
Phillips 66 Partners Lp 3.150000% 12/15/2029 0.01%
Pioneer Natural Resources Co 0.05%
Public Service Enterprise Gp 0.01%
Rabigh Refining and Petroche 0.02%
Repsol SA 0.02%
Royal Dutch Shell PLC-B Shs 0.08%
Royal Dutch Shell-Spon Adr-B 0.10%
S-Oil Corp 0.02%
Santos Ltd 0.05%
South32 Ltd 0.03%
Suncor Energy Inc 0.01%
Targa Resources Corp 0.01%
Total Capital SA 3.883000% 10/11/2028 0.02%
Tourmaline Oil Corp 0.01%
Valero Energy Corp 0.04%
Viva Energy Group Ltd 0.02%
Whitehaven Coal Ltd 0.02%
Williams Cos Inc 0.05%
Woodside Petroleum Ltd 0.04%
Weapons
Airbus Se 0.04%
Amphenol Corp-Cl A 0.03%
Ashok Leyland Ltd 0.01%
Bae Systems PLC 0.01%
Bharat Electronics Ltd 0.01%
Boeing Co 3.200000% 03/01/2029 0.01%
Boeing Co/The 0.06%
General Dynamics Corp 0.07%
Hanwha Aerospace Co Ltd 0.02%
Honeywell International Inc 0.08%
Jacobs Engineering Group Inc 0.01%
L3Harris Technologies Inc 0.05%
Leidos Holdings Inc 0.01%
Lockheed Martin Corp 0.05%
Northrop Grumman Corp 0.08%
Raytheon Technologies Corp 0.10%
Teledyne Technologies Inc 0.02%
Textron Inc 0.01%
Transdigm Group Inc 0.01%
Tobacco
Altria Group Inc 0.05%
British American Tobacco PLC 0.06%
Imperial Brands PLC 0.01%
Japan Tobacco Inc 0.01%
Philip Morris International 0.07%
Philip Morris Intl Inc 2.875000% 05/14/2029 0.03%
Seven & I Holdings Co Ltd 0.02%
Gambling
Aristocrat Leisure Ltd 0.04%
Caesars Entertainment Inc 0.01%
Crown Resorts Ltd 0.02%
Mgm Resorts International 0.02%
Star Entertainment Grp Ltd/T 0.02%
Tabcorp Holdings Ltd 0.02%
Adult Entertainment/Pornography
Caesars Entertainment Inc 0.01%
Mgm Resorts International 0.02%
Alcohol
Anheuser-Busch Inbev SA/Nv 0.02%
Asia Cement Corp 0.01%
Brown-Forman Corp-Class B 0.01%
Carlsberg As-B 0.02%
Constellation Brands Inc-A 0.02%
Diageo PLC 0.05%
Diageo PLC-Sponsored Adr 0.01%
Endeavour Group Ltd/Australi 0.01%
LVMH Moet Hennessy Louis Vui 0.12%
Metcash Ltd 0.02%
Treasury Wine Estates Ltd 0.01%
Palm Oil
GMOs
Human Rights & Environmental Violations
Adani Ports and Special Econ 0.01%
BHP Group Ltd 0.18%
BHP Group PLC 0.02%
Barrick Gold Corp 0.03%
Bayer AG-Reg 0.04%
Chevron Corp 0.18%
Duke Energy Corp 0.03%
Formosa Chemicals & Fibre 0.02%
Formosa Plastics Corp 0.01%
Freeport-Mcmoran Inc 0.06%
Glencore Funding Llc 2.500000% 09/01/2030 0.01%
Glencore PLC 0.05%
Hyundai Engineering & Const 0.01%
Johnson & Johnson 0.24%
Motorola Solutions Inc 0.01%
Motorola Solutions Inc 4.600000% 05/23/2029 0.01%
Nestle Holdings Inc 1.500000% 09/14/2028 0.03%
Nestle SA-Reg 0.21%
Rio Tinto Ltd 0.07%
Rio Tinto PLC 0.05%
Royal Dutch Shell PLC-B Shs 0.08%
Royal Dutch Shell-Spon Adr-B 0.10%
Zte Corp-H 0.02%
Animal Testing
Air Liquide SA 0.04%
Albemarle Corp 0.01%
Altria Group Inc 0.05%
Amorepacific Corp 0.01%
Archer-Daniels-Midland Co 0.02%
Arkema 0.01%
Basf Se 0.02%
Bayer AG-Reg 0.04%
British American Tobacco PLC 0.06%
Celanese Corp 0.02%
Chevron Corp 0.18%
China Feihe Ltd 0.02%
Church & Dwight Co Inc 0.02%
Cj Cheiljedang Corp 0.02%
Coca-Cola Co/The 0.11%
Colgate Palmolive (India) 0.01%
Corteva Inc 0.01%
Covestro AG 0.01%
Danone 0.03%
Deepak Nitrite Ltd 0.01%
Dow Inc 0.08%
Dupont De Nemours Inc 0.01%
Eastman Chemical Co 0.01%
Ecolab Inc 0.03%
Entegris Inc 0.01%
Estee Lauder Companies-Cl A 0.04%
Formosa Chemicals & Fibre 0.02%
Formosa Plastics Corp 0.01%
General Mills Inc 0.05%
Givaudan-Reg 0.01%
Glaxosmithkline Capital 5.250000% 12/19/2033 0.03%
Glaxosmithkline PLC 0.04%
Hansol Chemical Co Ltd 0.02%
Hanwha Solutions Corp 0.02%
Hermes International 0.02%
Hindustan Unilever Ltd 0.05%
Honeywell International Inc 0.09%
Hp Inc 0.01%
Hp Inc 3.400000% 06/17/2030 0.03%
Imperial Brands PLC 0.01%
Ingersoll-Rand Inc 0.01%
Intl Flavors & Fragrances 0.03%
Johnson & Johnson 0.24%
Kao Corp 0.01%
Kellogg Co 0.02%
Keurig Dr Pepper Inc 0.02%
Kimberly-Clark Corp 0.02%
Kolon Industries Inc 0.01%
Koninklijke Dsm Nv 0.01%
Kraft Heinz Co/The 0.02%
Kumho Petrochemical Co Ltd 0.01%
L'Oreal 0.04%
LVMH Moet Hennessy Louis Vui 0.12%
Lg Household & Health Care 0.04%
Linde PLC 0.09%
Lotte Chemical Corp 0.02%
Lyondellbasell Indu-Cl A 0.07%
Marico Ltd 0.02%
Mondelez International Inc-A 0.08%
Nan Ya Plastics Corp 0.03%
Nestle Holdings Inc 1.500000% 09/14/2028 0.03%
Nestle SA-Reg 0.21%
Nutrien Ltd 0.03%
Orbia Advance Corp Sab De Cv 0.01%
PPG Industries Inc 0.03%
Pepsico Inc 0.13%
Philip Morris International 0.07%
Procter & Gamble Co/The 0.18%
Reckitt Benckiser Group PLC 0.02%
Royal Dutch Shell PLC-B Shs 0.08%
Royal Dutch Shell-Spon Adr-B 0.10%
Seven & I Holdings Co Ltd 0.02%
Sherwin-Williams Co/The 0.05%
Shin-Etsu Chemical Co Ltd 0.03%
Unilever PLC 0.04%
Unilever PLC-Sponsored Adr 0.04%
Upl Ltd 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 Thu Sept. 30th 2021 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.
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.
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 |
|---|---|---|
| 2021 | 35.08% | 36.67% |
| 2020 | -6.18% | -13.05% |
| 2019 | 9.46% | 3.35% |
| 2018 | 6.55% | 7.54% |
| 2017 | 10.40% | 11.59% |
| 2016 | 4.51% | 0.83% |
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 Fri Dec. 31st 2021.
Showing the top 10 investments for this fund:
-
DFA Global Core Equity Trust NZD Hedged
Australia Fund27.4% -
DFA Global Large Company Trust
Australia Fund13.89% -
DFA Emerging Markets Sustainability Trust
Australia Fund13.05% -
NZ Core Equity Trust
New Zealand Fund12.77% -
DFA Global Value Trust
Australia Fund8.21% -
DFA Global Bond Trust NZD Hedged
Australia Fund6.77% -
DFA Global Small Company Trust
Australia Fund5.41% -
DFA Global Real Estate Trust NZD Hedged Class Units
Australia Fund5.19% -
DFA Australian Core Equity Trust
Australia Fund4.3% -
DFA Five Year Diversified Fixed Interest Trust NZD Hedged
Australia Fund2.67%
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Dec. 31st 2021.
How the money in this fund is invested against the fund's targets.
Target
Actual
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 1.0% | 0.33% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 9.0% | 9.44% |
| Australasian Equities | 17.0% | 17.07% |
| International Equities | 68.0% | 67.97% |
| Listed Properties | 5.0% | 5.19% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Dec. 31st 2021.
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).
The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.
-
Issue of concernDoes this fund say it excludes this?Actual holdings
-
Adult Entertainment/Pornography:0.06%
-
Alcohol:0.48%
-
Animal Testing:4.67%
-
Fossil Fuels:3.76%
-
Gambling:0.29%
-
GMOs:0.03%
-
Human Rights & Environmental Violations:1.65%
-
Palm Oil:0.06%
-
Tobacco:0.36%
-
Weapons:1.15%
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu Sept. 30th 2021 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 the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.
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.
In their own words
"The Asset Class Growth Fund invests mainly in growth assets but includes some income assets. It is suited to investors who are comfortable with a medium to high level of risk in order to potentially achieve a relatively higher level of returns."
| Value | $110M NZD |
| Period of data report | Fri Dec. 31st 2021 |
| Members | 3,186 |
| Fund started | Tue July 1st 2014 |
| Total annual fund fees | 1.28% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.28% |
| Other management and administration charges | 0.0% |
| Total other charges | 36.0 |
| Total other charges currency | NZD |
Key Personnel
|
Bhanu Singh |
Currently: Director and Head of Asia Pacific Portfolio Management Dimensional Fund Advisors (6 years, 4 months) |
|
Jed Fogdall |
Currently: Head of Global Portfolio Management and Chair of the Investment Committee Dimensional Fund Advisors (2 years, 10 months) |
|
Jim Whittington |
Currently: Head of Responsible Investment and ex officio member of the Investment Stewardship Committee Dimensional Fund Advisors (0 years, 2 months) |
|
Nicholas Stewart |
Currently: Executive Director Stewart Financial Group Limited (18 years, 9 months) |
|
Don Stewart |
Currently: Executive Director Stewart Financial Group Limited (34 years, 3 months) |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Dec. 31st 2021.
Downloads
Download the fund's disclosure statement and portfolio holdings.
