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 1.19%
    • Johnson & Johnson 0.34%
    • Caterpillar Inc 0.20%
    • Thermo Fisher Scientific Inc 0.11%
    • Rio Tinto Ltd 0.06%
    • Wells Fargo & Co 0.06%
    • Motorola Solutions Inc 0.05%
    • Li Ning Co Ltd 0.04%
    • Thermo Fisher Scientific 0.04%
    • Uber Technologies Inc 0.04%
    • Ubs Group AG 0.04%
    • Ubs Group AG-Reg 0.04%
    • Grupo Mexico Sab De Cv-Ser B 0.03%
    • Palantir Technologies Inc-A 0.02%
    • Mtn Group Ltd 0.01%
    • Ubs Group AG 2.750000% 08/08/2025 0.01%
    • Corteva Inc 0.04%
    • Nufarm Ltd 0.02%
    • Evergreen Marine Corp Ltd 0.01%
    • Pi Industries Ltd 0.01%
    • Upl Ltd 0.01%
    • Procter & Gamble Co/The 0.22%
    • Sherwin-Williams Co 0.12%
    • Unilever PLC-Sponsored Adr 0.09%
    • L'Oreal 0.08%
    • Colgate-Palmolive Co 0.07%
    • Hermes International 0.07%
    • Shin-Etsu Chemical Co Ltd 0.06%
    • Rpm International Inc 0.05%
    • Asian Paints Ltd 0.04%
    • Corteva Inc 0.04%
    • Ecolab Inc 0.04%
    • Estee Lauder Companies-Cl A 0.04%
    • Givaudan-Reg 0.04%
    • Coty Inc 0.03%
    • Dupont De Nemours Inc 0.03%
    • Hindustan Unilever Ltd 0.03%
    • Intl Flavors & Fragrances 0.03%
    • Kering 0.03%
    • Koninklijke Ahold Delhaize N 0.03%
    • PPG Industries Inc 0.03%
    • Tapestry Inc 0.03%
    • Ultrapar Participacoes SA 0.03%
    • Akzo Nobel N.V. 0.02%
    • Church & Dwight Co Inc 0.02%
    • Clorox Company 0.02%
    • Colgate Palmolive (India) 0.02%
    • Dcc PLC 0.02%
    • Element Solutions Inc 0.02%
    • Lg H&H 0.02%
    • Mosaic Co 0.02%
    • Nufarm Ltd 0.02%
    • Orica Ltd 0.02%
    • Ralph Lauren Corp 0.02%
    • Berger Paints India Ltd 0.01%
    • Nan Ya Plastics Corp 0.01%
    • Orbia Advance Corp Sab De Cv 0.01%
    • Pi Industries Ltd 0.01%
    • Sk Innovation Co Ltd 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
    • Srf Ltd 0.01%
    • Supreme Industries Ltd 0.01%
    • Upl Ltd 0.01%
    • Walmart Inc 0.27%
    • Transdigm Group Inc 0.06%
    • Amphenol Corp 0.04%
    • Booz Allen Hamilton Holdings 0.04%
    • Caci International Inc -Cl A 0.03%
    • Dick's Sporting Goods Inc 0.03%
    • Teledyne Technologies Inc 0.03%
    • Bharat Electronics Ltd 0.02%
    • Daikin Industries Ltd 0.02%
    • Dick's Sporting Goods 0.02%
    • Embraer SA-Spon Adr 0.02%
    • Hanwha Aerospace Co Ltd 0.02%
    • Howmet Aerospace Inc 0.02%
    • Oshkosh Corp 0.02%
    • Ashok Leyland Ltd 0.01%
    • Contact Energy Ltd 0.66% 1.5°C
      This company is on a 1.5°C pathway
    • Marathon Petroleum Corp 0.21%
    • Genesis Energy Ltd 0.19%
    • Valero Energy Corp 0.17%
    • Phillips 66 Co 0.13%
    • Channel Infrastructure NZ Lt 0.08%
    • Ampol Ltd 0.06%
    • Halliburton Co 0.06%
    • Rio Tinto Ltd 0.06%
    • Fairfax Financial Hldgs Ltd 0.05%
    • Constellation Energy 0.03%
    • Enbridge 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
    • Enn Energy Holdings Ltd 0.03%
    • Fairfax Finl Hldgs Ltd 0.03%
    • Grupo Mexico Sab De Cv-Ser B 0.03%
    • Hf Sinclair Corp 0.03%
    • Iberdrola SA 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Loews Corp 0.03%
    • Texas Pacific Land Corp 0.03%
    • Viva Energy Group Ltd 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
    • Atmos Energy Corp 0.02%
    • Bharat Petroleum Corp 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
    • Consolidated Edison Inc 0.02%
    • Enel Spa 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Jefferies Financial Group In 0.02%
    • Neste Oyj 0.02%
    • Oneok Inc 0.02%
    • Orica Ltd 0.02%
    • Pegatron Corp 0.02%
    • Samsung C&T Corp 0.02%
    • Abu Dhabi National Oil Co Fo 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
    • Grupo Financiero Inbursa-O 0.01%
    • Hd Hyundai Electric Co Ltd 0.01%
    • Motor Oil (Hellas) 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
    • Perenti Finance Pty Ltd 0.01%
    • Petronet Lng Ltd 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
    • S-Oil Corp 0.01%
    • Sk Innovation Co Ltd 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
    • 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 Asset Class Growth Fund is suited to investors who seek potentially relatively high returns on average over the longer-term periods (ten years plus), allowing for short to medium term ups and downs. We aim to achieve this by investing primarily in growth assets, with a moderate allocation of income assets. Exposure is achieved by primarily investing in DFA Australia Limited (Dimensional) funds, utilising their Sustainability Trusts where available.

Value $122M NZD
Period of data report 30th June 2024
Members 3,024
Fund started 1st July 2014
Total annual fund fees 1.25%
Total performance based fees 0.0%
Manager's basic fee 1.25%
Other management and administration charges 0.0%
Total other charges 36.0
Total other charges currency NZD

Bhanu Singh

Currently: Chief Executive Officer, Australia and Senior Investment Director, Dimensional Fund Advisors (1 years, 6 months)
Previously: Director and Head of Asia Pacific Portfolio Management, Dimensional Fund Advisors (7 years, 4 months)

Jed Fogdall

Currently: Global Head of Portfolio Management, Dimensional Fund Advisors (5 years, 4 months)
Previously: Co-Head of Portfolio Management and Vice President, Dimensional Fund Advisors (7 years, 0 months)

Jim Whittington

Currently: Head of Responsible Investment, Senior Portfolio Manager & VP, Dimensional Fund Advisors (2 years, 8 months)
Previously: Senior Portfolio Manager and Vice President, Dimensional Fund Advisors (9 years, 3 months)

Nicholas Stewart

Currently: Executive Director, Stewart Financial Group Limited (21 years, 3 months)
Previously: Financial Adviser, Stewart Financial Group Limited (2 years, 9 months)

Rory O’Neill

Currently: Executive Director, Stewart Financial Group Limited (1 years, 9 months)
Previously: General Manager, Stewart Financial Group Limited (7 years, 5 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% 16.64%
2023 -4.84% -4.55%
2022 3.55% 3.15%
2021 33.87% 36.67%
2020 -6.10% -13.05%
2019 10.35% 3.35%
2018 6.95% 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 30th June 2024.

Top 10 Investments

  • DFA Global Sustainability PIE Fund
    New Zealand Fund
    27.3%
  • DFA Global Sustainability PIE Fund (NZD Hedged)
    New Zealand Fund
    27.25%
  • DFA Emerging Markets Sustainability Trust
    Australia Fund
    13.59%
  • NZ Core Equity Trust
    New Zealand Fund
    12.79%
  • DFA Global Bond Sustainability Trust NZD Hedged
    Australia Fund
    7.89%
  • DFA Global Real Estate Trust NZD Hedged Class Units
    Australia Fund
    5.02%
  • DFA Australian Sustainability Trust
    Australia Fund
    4.28%
  • DFA Two Year Sustainability Fi Trust NZD Hedged
    Australia Fund
    1.49%
  • NZ Cash (BNZ Bank Trust Account)
    New Zealand Cash and Equivalents A-1+
    0.41%
Type Target Actual
Cash and Cash Equivalents 1.0% 0.41%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 9.0% 9.37%
Australasian Equities 17.0% 17.07%
International Equities 68.0% 68.13%
Listed Properties 5.0% 5.02%
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.