Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
Annual fees, including any membership and % management 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
Agl Energy Ltd 0.02%
American Electric Power 0.04%
Anglo American PLC 0.02%
Apa Group 0.02%
Beach Energy Ltd 0.02%
BHP Group Ltd 0.18%
BHP Group PLC 0.03%
BP PLC 0.14%
Cabot Oil & Gas Corp 0.01%
Caltex Australia Ltd 0.03%
Canadian Natural Resources 0.04%
Cez As 0.02%
Chevron Corp 0.23%
Chevron Corp 2.954000% 05/16/2026 0.01%
China Petroleum & Chemical-H 0.11%
China Shenhua Energy Co-H 0.06%
Cms Energy Corp 0.01%
Cnooc Ltd 0.16%
Cnooc Ltd-Spon Adr 0.02%
Concho Resources Inc 0.01%
Conocophillips 0.10%
Dominion Energy Inc 0.04%
Enbridge Inc 0.03%
Engie 0.04%
Eni Spa 0.05%
Eog Resources Inc 0.08%
Equinor Asa 0.02%
Equinor Asa 0.875000% 02/17/2023 0.01%
Equinor Asa 3.625000% 09/10/2028 0.04%
Equinor Asa 3.700000% 03/01/2024 0.02%
Equinor Asa 6.875000% 03/11/2031 0.05%
Exxaro Resources Ltd 0.01%
Exxon Mobil Corp 0.26%
Exxon Mobil Corporation 2.709000% 03/06/2025 0.02%
Gail India Ltd 0.02%
Gazprom PJSC-Spon Adr 0.11%
Glencore PLC 0.02%
Gs Holdings 0.02%
Hess Corp 0.01%
Jxtg Holdings Inc 0.01%
Kinder Morgan Inc 0.09%
Kunlun Energy Co Ltd 0.02%
Lukoil PJSC-Spon Adr 0.15%
Marathon Petroleum Corp 0.03%
Misc Bhd 0.02%
Mol Hungarian Oil and Gas Pl 0.02%
Neste Oyj 0.01%
Nextera Energy Inc 0.08%
Occidental Petroleum Corp 0.02%
Oil Search Ltd 0.01%
Origin Energy Ltd 0.02%
Petrobras - Petroleo Bras 0.09%
Petrobras - Petroleo Bras-Pr 0.12%
Petrochina Co Ltd-H 0.07%
Phillips 66 0.05%
Pioneer Natural Resources Co 0.02%
Polski Koncern Naftowy Orlen 0.04%
Ptt Exploration & Prod-For 0.02%
Ptt Global Chemical Pcl-For 0.01%
Ptt Pcl/Foreign 0.08%
Reliance Industries Ltd 0.45%
Rosneft Oil Co PJSC-Regs Gdr 0.01%
Royal Dutch Shell PLC-A Shs 0.07%
Royal Dutch Shell PLC-B Shs 0.05%
Royal Dutch Shell-Spon Adr-A 0.07%
Royal Dutch Shell-Spon Adr-B 0.06%
San Miguel Corp 0.01%
Santos Ltd 0.04%
Sk Innovation Co Ltd 0.05%
South32 Ltd 0.02%
Suncor Energy Inc 0.06%
Total Capital Intl SA 2.125000% 03/15/2023 0.02%
Total Capital Intl SA 2.875000% 02/17/2022 0.01%
Total Capital SA 3.883000% 10/11/2028 0.02%
Total SA 0.24%
Valero Energy Corp 0.07%
Vedanta Ltd 0.01%
Wec Energy Group Inc 0.02%
Whitehaven Coal Ltd 0.02%
Williams Cos Inc 0.01%
Woodside Petroleum Ltd 0.05%
Xcel Energy Inc 0.03%
Yanzhou Coal Mining Co-H 0.01%
Weapons
Airbus Se 0.04%
Bae Systems PLC 0.02%
Boeing Co/The 0.05%
General Dynamics Corp 0.07%
Honeywell International Inc 0.09%
Huntington Ingalls Industrie 0.01%
Jacobs Engineering Group Inc 0.02%
L3Harris Technologies Inc 0.02%
Larsen & Toubro Ltd 0.04%
Leidos Holdings Inc 0.04%
Lockheed Martin Corp 0.08%
Northrop Grumman Corp 0.04%
Raytheon Company 0.04%
Rolls-Royce PLC 1.625000% 05/09/2028 0.01%
Rolls-Royce PLC 3.375000% 06/18/2026 0.01%
Safran SA 0.01%
Teledyne Technologies Inc 0.01%
Textron Inc 0.01%
United Technologies Corp 0.13%
Tobacco
Altria Group Inc 0.07%
British American Tobacco PLC 0.06%
Imperial Brands PLC 0.01%
Japan Tobacco Inc 0.02%
Philip Morris International 0.08%
Philip Morris Intl Inc 2.875000% 05/14/2029 0.04%
Shanghai Industrial Hldg Ltd 0.01%
Gambling
Aristocrat Leisure Ltd 0.02%
Crown Resorts Ltd 0.02%
Genting Bhd 0.02%
Las Vegas Sands Corp 0.01%
Mgm Resorts International 0.01%
Star Entertainment Grp Ltd/T 0.01%
Tabcorp Holdings Ltd 0.02%
Alcohol
Altria Group Inc 0.07%
Anheuser-Busch Inbev SA/Nv 0.05%
Anheuser-Busch Inbev Wor 3.750000% 09/06/2024 0.02%
Anheuser-Busch Inbev Wor 4.000000% 04/13/2028 0.01%
Beijing Enterprises Hldgs 0.01%
Brown-Forman Corp-Class B 0.01%
Carlsberg As-B 0.02%
Constellation Brands Inc-A 0.03%
Diageo PLC 0.05%
Heineken Nv 0.02%
LVMH Moet Hennessy Louis Vui 0.12%
Metcash Ltd 0.02%
San Miguel Corp 0.01%
Treasury Wine Estates Ltd 0.01%
Palm Oil
Astra International Tbk Pt 0.01%
Genting Bhd 0.02%
Indofood Sukses Makmur Tbk P 0.01%
Posco 0.13%
GMOs
Basf Se 0.02%
Bayer AG-Reg 0.08%
Bayer Capital Corp Bv 2.125000% 12/15/2029 0.01%
Dupont De Nemours Inc 0.03%
Genting Bhd 0.02%
Japan Tobacco Inc 0.01%
Novartis AG-Reg 0.24%
Novartis Finance SA 0.500000% 08/14/2023 0.02%
Novartis Finance SA 0.625000% 09/20/2028 0.01%
Nutrien Ltd 0.02%
Scotts Miracle-Gro Co 0.01%
Human Rights & Environmental Violations
Archer-Daniels-Midland Co 0.03%
Astra International Tbk Pt 0.01%
Barrick Gold Corp 0.01%
BHP Group Ltd 0.18%
BHP Group PLC 0.03%
Chevron Corp 0.23%
Duke Energy Corp 0.04%
Freeport-Mcmoran Inc 0.01%
Genting Bhd 0.02%
Glencore PLC 0.02%
Grupo Mexico Sab De Cv-Ser B 0.07%
Johnson & Johnson 0.31%
Nestle SA-Reg 0.32%
Nutrien Ltd 0.02%
Petrochina Co Ltd-H 0.07%
Posco 0.12%
Rio Tinto Ltd 0.09%
Rio Tinto PLC 0.05%
Royal Dutch Shell PLC-A Shs 0.07%
Royal Dutch Shell PLC-B Shs 0.04%
Royal Dutch Shell-Spon Adr-A 0.07%
Royal Dutch Shell-Spon Adr-B 0.06%
Sempra Energy 0.02%
Vale SA 0.32%
Vedanta Ltd 0.01%
Animal Testing
Air Liquide SA 0.060%
Air Products & Chemicals Inc 0.070%
Albemarle Corp 0.010%
Altria Group Inc 0.070%
Archer-Daniels-Midland Co 0.030%
Arkema 0.010%
Basf Se 0.020%
Bayer AG-Reg 0.080%
Bayer Capital Corp Bv 2.125000% 12/15/2029 0.010%
British American Tobacco PLC 0.060%
Cabot Oil & Gas Corp 0.010%
Chevron Corp 0.230%
Church & Dwight Co Inc 0.010%
Clorox Company 0.020%
Coca-Cola Co/The 0.140%
Coca-Cola Co/The 1.125000% 03/09/2027 0.010%
Colgate-Palmolive Co 0.040%
Danone 0.040%
Ecolab Inc 0.030%
Estee Lauder Companies-Cl A 0.040%
Far Eastern New Century Corp 0.030%
Fmc Corp 0.010%
General Mills Inc 0.050%
Givaudan-Reg 0.020%
Glaxosmithkline Capital 5.250000% 12/19/2033 0.040%
Glaxosmithkline PLC 0.080%
Glaxosmithkline PLC-Spon Adr 0.020%
Honeywell International Inc 0.090%
Imperial Brands PLC 0.010%
Johnson & Johnson 0.310%
Kimberly-Clark Corp 0.030%
Koninklijke Dsm Nv 0.030%
Kraft Heinz Co/The 0.010%
L'Oreal 0.040%
LVMH Moet Hennessy Louis Vui 0.120%
Nestle SA-Reg 0.320%
Pepsico Inc 0.160%
Philip Morris International 0.080%
PPG Industries Inc 0.020%
Procter & Gamble Co/The 0.240%
Reckitt Benckiser Group PLC 0.040%
Royal Dutch Shell PLC-A Shs 0.070%
Royal Dutch Shell PLC-B Shs 0.050%
Royal Dutch Shell-Spon Adr-A 0.070%
Royal Dutch Shell-Spon Adr-B 0.060%
Shiseido Co Ltd 0.020%
Solvay SA 0.020%
Tesco PLC 0.030%
Unilever N V -Ny Shares 0.020%
Unilever Nv 0.040%
Unilever Nv 1.625000% 02/12/2033 0.010%
Unilever PLC 0.040%
Unilever PLC-Sponsored Adr 0.010%
Walgreens Boots Alliance Inc 0.100%
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue March 31st 2020 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 and research organisations.
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 |
|---|---|---|
| 2020 | -3.47% | -13.05% |
| 2019 | 6.87% | 3.35% |
| 2018 | 7.63% | 7.54% |
| 2017 | 8.87% | 11.59% |
| 2016 | 3.62% | 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 Tue June 30th 2020.
Showing the top 10 investments for this fund:
-
DFA Global Core Equity Trust – NZD Hedged
Australia Fund28.11% -
DFA Global Large Company Trust
Australia Fund13.52% -
DFA Emerging Markets Trust
Australia Fund13.25% -
NZ Core Equity Trust
New Zealand Fund12.56% -
DFA Global Value Trust
Australia Fund8.07% -
DFA Global Bond Trust – NZD Hedged
Australia Fund5.75% -
DFA Global Small Company Trust
Australia Fund5.38% -
DFA Global Real Estate Trust - NZD Hedged Class Units
Australia Fund5.21% -
DFA Australian Core Equity Trust
Australia Fund4.35% -
DFA Five Year Diversified Fixed Interest Trust – NZD Hedged
Australia Fund2.91%
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Tue June 30th 2020.
How the money in this fund is invested against the fund's targets.
Target
Actual
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 1.0% | 0.89% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 9.0% | 8.66% |
| Australasian Equities | 17.0% | 16.91% |
| International Equities | 68.0% | 68.33% |
| Listed Properties | 5.0% | 5.21% |
| 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 Tue June 30th 2020.
Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a 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:0.00%
-
Alcohol:0.66%
-
Animal Testing:3.86%
-
Fossil Fuels:5.62%
-
Gambling:0.28%
-
GMOs:0.57%
-
Human Rights & Environmental Violations:2.51%
-
Palm Oil:0.25%
-
Tobacco:0.36%
-
Weapons:1.16%
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue March 31st 2020 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 and research organisations.
Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.
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.
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 | $76M NZD |
| Period of data report | Tue June 30th 2020 |
| Members | 3,197 |
| Fund started | Tue July 1st 2014 |
| Total annual fund fees | 1.29% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.29% |
| 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 (4 years, 10 months) |
|
Jed Fogdall |
Currently: Head of Global Portfolio Management and Chair of the Investment Committee, Dimensional Fund Advisors (1 years, 4 months) |
|
Joseph Chi |
Currently: Head of Responsible Investment and ex officio member of the Corporate Governance Committee, Dimensional Fund Advisors (0 years, 8 months) |
|
Nicholas Stewart |
Currently: Executive Director, Stewart Financial Group Limited (18 years, 1 months) |
|
Don Stewart |
Currently: Executive Director, Stewart Financial Group Limited (33 years, 6 months) |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue June 30th 2020.
Downloads
Download the fund's disclosure statement and portfolio holdings.
