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

    • Thermo Fisher Scientific Inc 0.70%
    • Nestle SA-Reg 0.68%
    • Ubs Group AG-Reg 0.45%
    • Rio Tinto Ltd 0.24%
    • Wells Fargo & Co 0.07%
    • Caterpillar Inc 0.05%
    • China Petroleum & Chemical-H 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
    • Johnson & Johnson 0.04%
    • Teva Pharmaceutical Ind Ltd 0.03%
    • BHP Group Ltd 0.50% !!
      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
    • Duke Energy Corp 0.12%
    • Shell PLC 0.08% !!
      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
    • Adeka Corp 0.03%
    • Archer-Daniels-Midland Co 0.03%
    • Wh Group Ltd 0.02%
    • LVMH Moet Hennessy Louis Vui 0.61%
    • Air Liquide SA 0.40%
    • Intl Flavors & Fragrances 0.29%
    • PPG Industries Inc 0.23%
    • Akzo Nobel N.V. 0.16%
    • Burberry Group PLC 0.12%
    • Hermes International 0.12%
    • L'Oreal 0.12%
    • Orica Ltd 0.10%
    • Sherwin-Williams Co/The 0.09%
    • Shell PLC 0.08% !!
      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
    • Koninklijke Ahold Delhaize N 0.05%
    • China Petroleum & Chemical-H 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
    • Eastman Chemical Co 0.04%
    • Adeka Corp 0.03%
    • Mosaic Co/The 0.03%
    • Capri Holdings Ltd 0.02%
    • Mitsubishi Gas Chemical Co 0.02%
    • Syensqo SA 0.02%
    • Yara International Asa 0.02%
    • Dick's Sporting Goods Inc 0.05%
    • Sojitz Corp 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
    • Canadian Tire Corp-Class A 0.02%
    • Contact Energy Ltd 0.67% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.50% !!
      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
    • Rio Tinto Ltd 0.24%
    • Woodside Energy Group Ltd 0.18% !!
      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
    • Ameren Corporation 0.17%
    • Intertek Group PLC 0.16%
    • American Electric Power 0.14%
    • Santos Ltd 0.14% !!
      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
    • Duke Energy Corp 0.12%
    • Entergy Corp 0.12%
    • Nisource Inc 0.12%
    • Sempra Energy 0.12% !!
      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
    • National Grid PLC 0.11% !!
      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
    • Vopak 0.11% !!
      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
    • Edp-Energias De Portugal SA 0.10% 1.5°C
      This company is on a 1.5°C pathway
    • Genesis Energy Ltd 0.10%
    • Orica Ltd 0.10%
    • Marathon Petroleum Corp 0.09%
    • Dominion Energy Inc 0.08%
    • Shell PLC 0.08% !!
      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 0.07%
    • Valero Energy Corp 0.07%
    • Cheniere Energy Inc 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
    • Mitsui & 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
    • Phillips 66 0.06%
    • Total SA 0.06%
    • 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
    • Itochu Corp 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
    • China Petroleum & Chemical-H 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
    • Hf Sinclair Corp 0.04%
    • Repsol SA 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
    • Sojitz Corp 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
    • Jefferies Financial Group In 0.03%
    • Marubeni Corp 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
    • Nrg Energy Inc 0.03%
    • Scorpio Tankers Inc 0.03%
    • Beijing Enterprises Hldgs 0.02%
    • Centrica PLC 0.02%
    • Ck Hutchison Holdings Ltd 0.02%
    • Delta Air Lines Inc 0.02%
    • Lg Corp 0.02%
    • Motor Oil (Hellas) SA 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
    • OMV AG 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
    • Origin Energy 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
    • Lg Uplus Corp 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 Growth Fund invests mainly in growth assets (equities, listed property and listed infrastructure), with a small exposure to income assets (cash and cash equivalents and fixed interest). The fund may also invest in alternative assets.The Growth Fund aims to achieve (after the fund charge and before tax) over the long term high returns, allowing for large ups and downs in value.

Value $607M NZD
Period of data report 30th June 2024
Members 14,997
Fund started 1st Oct. 2007
Total annual fund fees 1.01%
Total performance based fees 0.0%
Manager's basic fee 0.97%
Other management and administration charges 0.04%
Total other charges 0.0
Total other charges currency NZD

George Crosby

Currently: Chief Investment Officer (0 years, 4 months)
Previously: General Manager Portfolio Completion, New Zealand Superannuation Fund (2 years, 9 months)

Mathew Young

Currently: Deputy Chief Investment Offficer (0 years, 3 months)
Previously: Head of FX Strategy and Implementation, ANZ Bank New Zealand Limited (5 years, 1 months)

Helen Skinner

Currently: Head of Responsible Investing (2 years, 1 months)
Previously: Head of Emerging Wealth, Craigs Investment Partners (1 years, 2 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 14.32% 10.6%
2023 -3.87% -4.03%
2022 1.40% 4.35%
2021 28.16% 29.59%
2020 -3.43% -5.32%
2019 6.75% 7.46%
2018 7.80% 7.6%
2017 9.24% 7.93%
2016 3.62% 3.97%
2015 13.73% 16.8%

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

  • Federal Home Loan 01/Jul/2024 - Repurchase Agreement
    United States Cash and Equivalents
    1.45%
  • Cash Deposit (J.P. Morgan USD)
    United States Cash and Equivalents A-1
    1.38%
  • Fisher and Paykel Healthcare Industries Ltd
    New Zealand Australasian Equities
    1.27%
  • Goodman Group
    Australia Australasian Equities
    0.99%
  • Microsoft Corporation
    United States International Equities
    0.98%
  • Infratil Ltd
    New Zealand Australasian Equities
    0.91%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    0.76%
  • Auckland International Airport
    New Zealand Australasian Equities
    0.75%
  • Hdfc Bank Ltd - Adr
    United States International Equities
    0.7%
  • Meridian Energy Ltd
    New Zealand Australasian Equities
    0.66%
Type Target Actual
Cash and Cash Equivalents 4.0% 1.7%
New Zealand Fixed Interest 4.0% 7.26%
International Fixed Interest 12.0% 13.21%
Australasian Equities 15.0% 15.02%
International Equities 53.0% 50.93%
Listed Properties 9.0% 9.03%
Unlisted Properties 0.0% 0.0%
Other 3.0% 2.85%
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.