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 0.71%
    • Johnson & Johnson 0.41%
    • Thermo Fisher Scientific Inc 0.15%
    • Caterpillar Inc 0.14%
    • Rio Tinto Ltd 0.11%
    • Activision Blizzard Inc 0.10%
    • Li Ning Co Ltd 0.08%
    • Rio Tinto PLC 0.06%
    • Wells Fargo & Co 0.06%
    • Motorola Solutions Inc 0.05%
    • Thermo Fisher Scientific 0.05%
    • Mattel Inc 0.02%
    • Uber Technologies Inc 0.02%
    • Wells Fargo & Company 0.02%
    • Zte Corp-H 0.02%
    • Bank Leumi Le-Israel 0.01%
    • Formosa Chemicals & Fibre 0.01%
    • Page Industries Ltd 0.01%
    • Corteva Inc 0.06%
    • Fmc Corp 0.05%
    • Upl Ltd 0.04%
    • Newcrest Mining Ltd 0.03%
    • Evergreen Marine Corp Ltd 0.02%
    • Nufarm Ltd 0.02%
    • Nutrien Ltd 0.02%
    • Southern Copper Corp 0.02%
    • Pi Industries Ltd 0.01%
    • Scotts Miracle-Gro Co 0.01%
    • Procter & Gamble Co/The 0.27%
    • L'Oreal 0.12%
    • Unilever PLC 0.12%
    • Sherwin-Williams Co/The 0.11%
    • Hermes International 0.09%
    • Colgate-Palmolive Co 0.08%
    • 3M Co 0.07%
    • Estee Lauder Companies-Cl A 0.07%
    • Kering 0.07%
    • Koninklijke Ahold Delhaize N 0.07%
    • Corteva Inc 0.06%
    • Givaudan-Reg 0.06%
    • Sk Innovation Co Ltd 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
    • Fmc Corp 0.05%
    • Tapestry Inc 0.05%
    • Akzo Nobel N.V. 0.04%
    • Asian Paints Ltd 0.04%
    • Church & Dwight Co Inc 0.04%
    • Coty Inc-Cl A 0.04%
    • Hindustan Unilever Ltd 0.04%
    • Mosaic Co/The 0.04%
    • PPG Industries Inc 0.04%
    • Upl Ltd 0.04%
    • Albemarle Corp 0.03%
    • Clorox Company 0.03%
    • Dupont De Nemours Inc 0.03%
    • Ecolab Inc 0.03%
    • Intl Flavors & Fragrances 0.03%
    • Ralph Lauren Corp 0.03%
    • Srf Ltd 0.03%
    • Burberry Group PLC 0.02%
    • Capri Holdings Ltd 0.02%
    • Chr Hansen Holding A/S 0.02%
    • Covestro AG 0.02%
    • Dcc PLC 0.02%
    • Dow Inc 0.02%
    • Element Solutions Inc 0.02%
    • Hanwha Solutions Corp 0.02%
    • Huntsman Corp 0.02%
    • Johnson Matthey PLC 0.02%
    • Koninklijke Dsm Nv 0.02%
    • Kumho Petrochemical Co Ltd 0.02%
    • Nan Ya Plastics Corp 0.02%
    • Nufarm Ltd 0.02%
    • Nutrien Ltd 0.02%
    • Orbia Advance Corp Sab De Cv 0.02%
    • Orica Ltd 0.02%
    • Rpm International Inc 0.02%
    • Shiseido Co Ltd 0.02%
    • Umicore 0.02%
    • Amorepacific Corp 0.01%
    • Arkema 0.01%
    • Ashland Global Holdings Inc 0.01%
    • Avient Corp 0.01%
    • Berger Paints India Ltd 0.01%
    • Celanese Corp 0.01%
    • Clariant AG-Reg 0.01%
    • Colgate Palmolive (India) 0.01%
    • Formosa Chemicals & Fibre 0.01%
    • Henkel AG & Co Kgaa 0.01%
    • Ingevity Corp 0.01%
    • Jab Holdings Bv 0.01%
    • Kao Corp 0.01%
    • Kimberly-Clark De Mexico-A 0.01%
    • Lg H&H 0.01%
    • Lotte Chemical Corp 0.01%
    • Mitsui Chemicals Inc 0.01%
    • Moncler Spa 0.01%
    • Pi Industries Ltd 0.01%
    • Scotts Miracle-Gro Co 0.01%
    • Sensient Technologies Corp 0.01%
    • Swatch Group AG/The-Br 0.01%
    • Symrise AG 0.01%
    • Topgolf Callaway Brands Corp 0.01%
    • Wacker Chemie AG 0.01%
    • Walmart Inc 0.40%
    • Booz Allen Hamilton Holdings 0.04%
    • Transdigm Group Inc 0.04%
    • Amphenol Corp-Cl A 0.03%
    • Bharat Electronics Ltd 0.03%
    • Teledyne Technologies Inc 0.03%
    • Ati Inc 0.02%
    • Caci International Inc -Cl A 0.02%
    • Canadian Tire Corp-Class A 0.02%
    • Curtiss-Wright Corp 0.02%
    • Dick'S Sporting Goods 0.02%
    • Dick'S Sporting Goods Inc 0.02%
    • Firstcash Holdings Inc 0.02%
    • Howmet Aerospace Inc 0.02%
    • Rheinmetall AG 0.02%
    • Science Applications Inte 0.02%
    • Aar Corp 0.01%
    • Aselsan Elektronik Sanayi 0.01%
    • Hanwha Aerospace Co Ltd 0.01%
    • Heico Corp-Class A 0.01%
    • Hexcel Corp 0.01%
    • Indra Sistemas SA 0.01%
    • Mercury Systems Inc 0.01%
    • Mtu Aero Engines AG 0.01%
    • Mueller Industries Inc 0.01%
    • Oshkosh Corp 0.01%
    • Rbc Bearings Inc 0.01%
    • Singapore Tech Engineering 0.01%
    • Woodward Inc 0.01%
    • Contact Energy Ltd 0.50% 1.5°C
      This company is on a 1.5°C pathway
    • Marathon Petroleum Corp 0.22%
    • Valero Energy Corp 0.18%
    • Genesis Energy Ltd 0.12%
    • E.On Se 0.06%
    • Sk Innovation Co Ltd 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
    • Ampol Ltd 0.05%
    • Enbridge 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
    • Enn Energy Holdings Ltd 0.05%
    • Halliburton Co 0.04%
    • Iberdrola SA 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Oneok Inc 0.04%
    • Viva Energy Group 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
    • Atmos Energy Corp 0.03%
    • Consolidated Edison Inc 0.03%
    • Fairfax Financial Hldgs Ltd 0.03%
    • Fairfax Finl Hldgs Ltd 0.03%
    • Hf Sinclair Corp 0.03%
    • Loews Corp 0.03%
    • National Grid PLC-Sp Adr 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
    • Neste Oyj 0.03%
    • Pbf Energy Inc-Class A 0.03%
    • Phillips 66 0.03%
    • Texas Pacific Land Corp 0.03%
    • 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
    • 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
    • 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
    • Constellation Energy 0.02%
    • Enel Spa 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Grupo Financiero Inbursa-O 0.02%
    • Hd Hyundai 0.02%
    • Monadelphous Group Ltd 0.02%
    • Orica Ltd 0.02%
    • Pegatron Corp 0.02%
    • Petronet Lng 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
    • Samsung C&T Corp 0.02%
    • Sempra Energy 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
    • Ugi Corp 0.02%
    • Weg SA 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
    • Citic Securities Co Ltd-H 0.01%
    • Cvr Energy Inc 0.01%
    • Dt Midstream Inc 0.01%
    • Edp-Energias De Portugal SA 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Enagas 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
    • Guangdong Investment Ltd 0.01%
    • Hmm Co Ltd 0.01%
    • Orsted A/S 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Parkland Corp 0.01%
    • Perenti Finance Pty Ltd 0.01%
    • S-Oil Corp 0.01%
    • Snam Spa 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
    • Snc-Lavalin Group Inc 0.01%
    • Vopak 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

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 2023 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 $110M NZD
Period of data report 30th June 2023
Members 3,105
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: CEO, Australia and Head of Asia Pacific Portfolio Management, Director & VP, Dimensional Fund Advisors (0 years, 6 months)
Previously: Director and Head of Asia Pacific Portfolio Management, Dimensional Fund Advisors (7 years, 4 months)

Jed Fogdall

Currently: Head of Global Portfolio Management and Chair of the Investment Committee, Dimensional Fund Advisors (4 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 (1 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 (20 years, 3 months)
Previously: Financial Adviser, Stewart Financial Group Limited (2 years, 9 months)

Rory O’Neill

Currently: Executive Director, Stewart Financial Group Limited (0 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 2023.

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
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 2023.

Top 10 Investments

  • DFA Global Sustainability PIE Fund
    New Zealand Fund
    27.76%
  • DFA Global Sustainability PIE Fund (NZD Hedged)
    New Zealand Fund
    27.4%
  • DFA Emerging Markets Sustainability Trust
    Australia Fund
    13.38%
  • NZ Core Equity Trust
    New Zealand Fund
    12.69%
  • DFA Global Bond Sustainability Trust NZD Hedged
    Australia Fund
    7.9%
  • DFA Global Real Estate Trust NZD Hedged Class Units
    Australia Fund
    5.0%
  • DFA Australian Sustainability Trust
    Australia Fund
    4.15%
  • DFA Two Year Sustainability Fi Trust NZD Hedged
    Australia Fund
    1.4%
  • NZ Cash (BNZ Bank Trust Account)
    New Zealand Cash and Equivalents A-1+
    0.31%
Type Target Actual
Cash and Cash Equivalents 1.0% 0.31%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 9.0% 9.31%
Australasian Equities 17.0% 16.84%
International Equities 68.0% 68.54%
Listed Properties 5.0% 5.0%
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 30th June 2023.