Funds
Booster Asset Class Growth Fund
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:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- Contact Energy Ltd 0.53%
- Genesis Energy Ltd 0.13%
- Valero Energy Corp 0.08%
- Constellation Energy Corp 0.06%
- Enbridge Inc 0.06%
- Iberdrola SA 0.06%
- Channel Infrastructure NZ Lt 0.05%
- Ampol Ltd 0.04%
- Consolidated Edison Inc Com Usd0.10 0.04%
- Neste Oyj 0.04%
- Pbf Energy Inc Com 0.04%
- Phillips 66 Com Usd0.01 0.04%
- Sk Innovation Co Ltd 0.04%
- Apa Group 0.03%
- Loews Corp 3.200000% 05/15/2030 0.03%
- Novatek Microelectronics Cor 0.03%
- Viva Energy Group Ltd 0.03%
- Atmos Energy Corp 0.02%
- Bharat Petroleum Corp Ltd 0.02%
- Citic Securities Co Ltd-H 0.02%
- Grupo Financiero Inbursa-O 0.02%
- Hapvida Participacoes E Inve 0.02%
- Hd Hyundai 0.02%
- Hf Sinclair Corpor Com Usd0.01 0.02%
- Oneok Inc 0.02%
- Petronet Lng Ltd 0.02%
- Samsung C&T Corp 0.02%
- Sempra Energy USD 0.02%
- South Jersey Industries 0.02%
- Ugi Corp Com 0.02%
- Guangdong Investment Ltd 0.01%
- Rabigh Refining and Petroche 0.01%
- S-Oil Corp 0.01%
Weapons
- Walmart Inc 0.25%
- Amphenol Corp Cl A 0.04%
- Bharat Electronics Ltd 0.04%
- Brookfield Asset Management 0.04%
- Teledyne Technologies Inc 0.04%
- Transdigm Group Inc 0.04%
- Walmart De Mexico Sab De Cv 0.04%
- Dick'S Sporting Goods 3.150000% 01/15/2032 0.03%
- Caci International Inc - Class A 0.02%
- Dick'S Sporting Goods Inc 0.02%
- Science Applications International Corp 0.02%
Tobacco
- Casey'S General Stores Inc 0.02%
Gambling
- Vici Properties Inc 0.09%
- Gaming and Leisure Propertie 0.03%
GMOs
- Corteva Inc 0.06%
Human Rights & Environmental Violations
- Johnson & Johnson Com US$1 0.51%
- Thermo Fisher Scientific Inc 0.15%
- Activision Blizzard Inc 0.13%
- Caterpillar Inc 0.10%
- Li Ning Co Ltd 0.10%
- Rio Tinto Ltd 0.10%
- Rio Tinto PLC Ord 10P Gbp 0.10%
- Wells Fargo & Company 0.08%
- Corteva Inc 0.06%
- Fmc Corp 0.05%
- Upl Ltd 0.05%
- Motorola Solutions Inc 0.04%
- Credit Suisse New York 2.950000% 04/09/2025 0.03%
- Thermo Fisher Scientific 2.375000% 04/15/2032 0.03%
- Evergreen Marine Corp Ltd 0.02%
- Johnson & Johnson 3.550000% 03/01/2036 0.02%
- Mattel Inc Com Usd1.00 0.02%
- Nufarm Ltd 0.02%
- Nutrien Ltd Com Npv 0.02%
- Page Industries Ltd 0.02%
- Uber Technologies Inc 0.02%
- Credit Suisse Group AG 0.650000% 09/10/2029 0.01%
- Credit Suisse Group AG 3.750000% 03/26/2025 0.01%
- Formosa Chemicals & Fibre 0.01%
- Hyundai Engineering & Const 0.01%
- Pi Industries Ltd 0.01%
- Thermo Fisher Scientific 2.800000% 10/15/2041 0.01%
- Zte Corp-H 0.01%
Animal Cruelty
- Procter & Gamble Company 0.31%
- Coca Cola Co USD 0.17%
- Pepsico Inc Cap US$0.01 2/3 0.17%
- Unilever PLC 0.15%
- Ping An Insurance Group Co-H 0.12%
- Sherwin Williams Com Usd1 0.12%
- Colgate Palmolive Usd1 0.10%
- General Mills Inc 0.08%
- Asian Paints Ltd 0.07%
- 3M Co 0.06%
- Corteva Inc 0.06%
- Hermes International 0.06%
- Hindustan Unilever Ltd 0.06%
- Koninklijke Ahold Delhaize Nv 0.06%
- L'Oreal 0.06%
- Estee Lauder Companies 0.05%
- Fmc Corp 0.05%
- Kering 0.05%
- Avantor Inc 0.04%
- Church & Dwight Co 0.04%
- Dupont De Nemours Inc 0.04%
- Kellogg Company 0.04%
- Keurig Dr Pepper Inc 0.04%
- Kraft Heinz Co Com Usd0.01 0.04%
- PPG Industries Inc 0.04%
- Sk Innovation Co Ltd 0.04%
- Tapestry Inc Com Usd0.01 0.04%
- Upl Ltd 0.04%
- Marico Ltd 0.03%
- Srf Ltd 0.03%
- Akzo Nobel Nv Eur0.50 0.02%
- Albermarle Corp 0.02%
- Berger Paints India Ltd 0.02%
- Campbell Soup Co USD 0.02%
- Capri Holdings Ltd Com Npv 0.02%
- Clorox Co Del 0.02%
- Coca-Cola Co/The 3.250000% 06/11/2024 0.02%
- Colgate Palmolive (India) 0.02%
- Dcc PLC 0.02%
- George Weston Ltd 0.02%
- Graincorp Ltd-A 0.02%
- Grasim Industries Ltd 0.02%
- Hanwha Solutions Corp 0.02%
- Huntsman Corporation 0.02%
- Koninklijke Dsm Nv 0.02%
- Kumho Petrochemical Co Ltd 0.02%
- Lg H&H 0.02%
- Mosaic Co Com 0.02%
- Nan Ya Plastics Corp 0.02%
- Nufarm Ltd 0.02%
- Nutrien Ltd Com Npv 0.02%
- Orbia Advance Corp Sab De Cv 0.02%
- Orica Ltd 0.02%
- Pvh Corp 3.125000% 12/15/2027 0.02%
- Ralph Lauren Corp 2.950000% 06/15/2030 0.02%
- Rpm International Inc 0.02%
- Coca-Cola Co/The 0.400000% 05/06/2030 0.01%
- Deepak Nitrite Ltd 0.01%
- Formosa Chemicals & Fibre 0.01%
- Jab Holdings Bv 1.000000% 07/14/2031 0.01%
- Kimberly-Clark De Mexico-A 0.01%
- Pi Industries Ltd 0.01%
- Procter & Gamble Hygiene 0.01%
- Pvh Corp 3.625000% 07/15/2024 0.01%
- Saudi Ind Investment Group 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 30th Sept. 2022 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
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 | $98M NZD |
| Period of data report | 31st Dec. 2022 |
| Members | 3,163 |
| Fund started | 1st July 2014 |
| Total annual fund fees | 1.26% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.26% |
| 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 (7 years, 4 months) |
|
Jed Fogdall |
Currently: Head of Global Portfolio Management and Chair of the Investment Committee, Dimensional Fund Advisors (3 years, 10 months) |
|
Jim Whittington |
Currently: Head of Responsible Investment and ex officio member of the Investment Stewardship Committee, Dimensional Fund Advisors (1 years, 2 months) |
|
Nicholas Stewart |
Currently: Executive Director, Stewart Financial Group Limited (19 years, 9 months) |
|
Don Stewart |
Currently: Executive Director, Stewart Financial Group Limited (35 years, 3 months) |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.
Investment Exclusions
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).
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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.
| Issue of concern | Does this fund say it excludes this? | Actual holdings |
|---|---|---|
| Adult Entertainment /Pornography | 0.00% | |
| Alcohol | 0.00% | |
| Animal Cruelty | 3.87% | |
| Fossil Fuels | 2.06% | |
| Gambling | 0.14% | |
| GMOs | 0.06% | |
| Human Rights & Environmental Violations | 1.93% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.04% | |
| Weapons | 0.88% |
This data is compiled by Mindful Money from the fund information and portfolios
that each KiwiSaver fund has
filed with the Disclose register to 30th Sept. 2022 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 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.
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 |
|---|---|---|
| 2022 | 1.87% | 3.15% |
| 2021 | 27.41% | 36.67% |
| 2020 | -3.40% | -13.05% |
| 2019 | 6.95% | 3.35% |
| 2018 | 7.80% | 7.54% |
| 2017 | 9.24% | 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 31st Dec. 2022.
Top 10 Investments
-
DFA Global Sustainability PIE Fund
New Zealand Fund27.0% -
DFA Global Sustainability PIE Fund (NZD Hedged)
New Zealand Fund26.66% -
DFA Emerging Markets Sustainability Trust
Australia Fund13.77% -
NZ Core Equity Trust
New Zealand Fund13.02% -
DFA Global Bond Sustainability Trust NZD Hedged
Australia Fund8.11% -
DFA Global Real Estate Trust NZD Hedged Class Units
Australia Fund4.96% -
DFA Australian Sustainability Trust
Australia Fund4.24% -
DFA Two Year Sustainability Fi Trust NZD Hedged
Australia Fund1.5% -
NZ Cash (BNZ Bank Trust Account)
New Zealand Cash and Equivalents A-1+0.73%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 1.0% | 0.73% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 9.0% | 9.61% |
| Australasian Equities | 17.0% | 17.26% |
| International Equities | 68.0% | 67.43% |
| Listed Properties | 5.0% | 4.97% |
| 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.
Target
Actual
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.