Funds
Select KiwiSaver Growth Fund
Fund type: Growth fund
Past Returns: *-1.30%Annual Fees: 1.29%
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 1.13%
- BHP Group Ltd 0.64%
- Genesis Energy Ltd 5.00% 3/04/2025 0.28%
- Iberdrola SA 0.26%
- Genesis Energy Ltd 0.23%
- Eni Spa 0.21%
- Glencore PLC 0.21%
- China Petroleum & Chemical Corp 0.19%
- Valero Energy Corp 0.17%
- National Grid PLC 0.16%
- Santos Ltd 0.14%
- Suncor Energy Inc 0.14%
- Woodside Energy Group Ltd 0.13%
- Channel Infrastructure NZ Ltd 0.10%
- South32 Ltd 0.08%
- Pg&E Corp 0.06%
- Reliance Industries Ltd 0.06%
- Arcelormittal SA 0.05%
- Nextera Energy Inc 0.05%
- Apa Group 0.02%
- Petroleo Brasileiro Pref SA 0.02%
- Petroleo Brasileiro SA Petrobras 0.02%
- Ampol Ltd 0.01%
- Origin Energy Ltd 0.01%
- Saudi Arabian Oil 0.01%
- Whitehaven Coal Ltd 0.01%
Weapons
- Walmart Inc 0.08%
- Walmart De Mexico V 0.02%
Gambling
- Skycity Entertainment Group Ltd 0.22%
- Aristocrat Leisure Ltd 0.13%
- International Game Technology PLC 0.04%
- Lottery Corp Ltd/The 0.01%
Alcohol
- Diageo PLC 0.23%
- Kirin Holdings Co Ltd 0.16%
- Metcash Ltd 0.14%
- Endeavour Group Ltd/Australia 0.01%
- Treasury Wine Estates Ltd 0.01%
GMOs
- Corteva Inc. 0.01%
Human Rights & Environmental Violations
- BHP Group Ltd 0.64%
- Bayer AG 0.23%
- Wells Fargo & Co 0.22%
- Nestle SA 0.21%
- Glencore PLC 0.21%
- Rio Tinto Ltd 0.20%
- China Petroleum & Chemical Corp 0.19%
- Johnson & Johnson 0.16%
- Rio Tinto PLC 0.15%
- Archer-Daniels-Midland Co 0.14%
- Meta Platforms Inc 0.09%
- Chemours Co/The 0.08%
- Meta Platforms Inc. 0.08%
- Thermo Fisher Scientific Inc 0.08%
- Nutrien Ltd 0.07%
- Pg&E Corp 0.06%
- Thermo Fisher Scientific Inc. 0.05%
- Credit Suisse Group AG 4.55% 17/04/2026 0.03%
- Caterpillar Inc. 0.02%
- Credit Suisse Group AG 4.207% 12/06/2024 0.02%
- Credit Suisse Group AG 6.537% 12/08/2033 0.02%
- Credit Suisse New York 3.70% 21/02/2025 0.02%
- Motorola Solutions Inc 0.02%
- Petroleo Brasileiro Pref SA 0.02%
- Petroleo Brasileiro SA Petrobras 0.02%
- Activision Blizzard Inc. 0.01%
- Archer-Daniels-Midland Co. 0.01%
- Corteva Inc. 0.01%
- Credit Suisse Group AG 1.00% 24/06/2027 0.01%
- Credit Suisse Group AG 6.375% #N/A Field Not Applicable 0.01%
- Nutrien Ltd. 0.01%
- Uber Technologies Inc. 0.01%
- Wells Fargo & Company 3.526% 24/03/2028 0.01%
Animal Cruelty
- Colgate-Palmolive Co 0.31%
- Ecolab Inc 0.26%
- Koninklijke Dsm Nv 0.26%
- Pepsico Inc 0.25%
- Bayer AG 0.23%
- Nestle SA 0.21%
- Eni Spa 0.21%
- China Petroleum & Chemical Corp 0.19%
- L'Oreal SA 0.19%
- Archer-Daniels-Midland Co 0.14%
- LVMH Moet Hennessy Louis Vuitton Se 0.14%
- Chemours Co/The 0.08%
- Procter & Gamble Co. 0.08%
- Estee Lauder Companies Inc 0.07%
- Nutrien Ltd 0.07%
- Pepsico Inc. 0.06%
- Reliance Industries Ltd 0.06%
- Coca-Cola Co. 0.05%
- Croda International PLC 0.05%
- Kimberly-Clark Corp 0.05%
- Symrise AG 0.05%
- Air Liquide SA 0.04%
- Tesco PLC 0.04%
- Unilever PLC 0.04%
- Kerry Group PLC 0.03%
- Procter & Gamble Co 0.03%
- Darling Ingredients Inc 0.02%
- Hindustan Unilever Ltd 0.02%
- Mondelez International Inc. 0.02%
- Ping An Insurance (Group) Co Of Ch 0.02%
- Archer-Daniels-Midland Co. 0.01%
- Colgate-Palmolive Co. 0.01%
- Corteva Inc. 0.01%
- Estee Lauder Cos. Inc. 0.01%
- General Mills Inc. 0.01%
- Koninklijke Ahold Delhaize Nv 0.01%
- Nomad Foods Ltd 0.01%
- Nutrien Ltd. 0.01%
- Sherwin-Williams Co. 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
Aims to provide a high level of capital growth over the medium to long term (at least 7 years). The fund invests mostly in growth assets, with a modest allocation to income assets.
| Value | $6.1M NZD |
| Period of data report | 31st Dec. 2022 |
| Members | 125 |
| Fund started | 24th Nov. 2020 |
| Total annual fund fees | 1.29% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.99% |
| Other management and administration charges | 0.3% |
| Total other charges | 36.0 |
| Total other charges currency | NZD |
Key Personnel
|
Stuart Kenneth Reginald Millar |
Currently: Chief Investment Officer - Smartshares (3 years, 7 months) |
|
Andrew Kelleher |
Currently: Director - JMI Wealth Limited - Clarity Funds Management Limited and Select Weal (14 years, 8 months) |
|
Simon Reichenbach |
Currently: Senior Investment Executive - JMI Wealth Limited (3 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 | 0.60% | |
| Animal Cruelty | 3.90% | |
| Fossil Fuels | 4.58% | |
| Gambling | 0.41% | |
| GMOs | 0.01% | |
| Human Rights & Environmental Violations | 3.28% | |
| Palm Oil | 0.01% | |
| Tobacco | 0.00% | |
| Weapons | 0.12% |
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% | 4.13% |
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
-
Vanguard Ethically Conscious International Shares Index ETF - NZD Hedged
Australia International Equities9.63% -
Wellington Global Stewards Fund
Ireland International Equities8.65% -
ANZ NZD Current Account
New Zealand Cash and Equivalents AA-8.22% -
Mercer Socially Responsible Overseas Shares Portfolio
New Zealand International Equities7.27% -
Ishares Msci Em Imi ESG Screened Ucits ETF
Ireland International Equities3.09% -
Treasury Bill 0.00% 2/03/2023
United States Int Fixed Interest AAA1.43% -
Spark New Zealand Ltd
New Zealand Australasian Equities1.33% -
Meridian Energy Ltd
New Zealand Australasian Equities1.32% -
CSL Ltd
Australia Australasian Equities1.28% -
Cash At Bank
New Zealand Cash and Equivalents AA-1.28%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 32.0% | 7.675863% |
| New Zealand Fixed Interest | 5.0% | 8.956944% |
| International Fixed Interest | 0.0% | 8.9039% |
| Australasian Equities | 48.0% | 29.468364% |
| International Equities | 10.0% | 44.994929% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 5.0% | 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.