Funds
Lifestages High 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 Limited 0.94%
- BHP Group Limited 0.22%
- Vale Adr Representing One SA 0.13%
- Reliance Industries Ltd 0.11%
- Petroleo Brasileiro Adr Reptg SA 0.09%
- Ampol Ltd 0.05%
- Apa Group 0.04%
- Valero Energy Corp 0.04%
- Viva Energy Group Ltd 0.04%
- Constellation Energy Corp 0.03%
- Enbridge Inc 0.03%
- Iberdrola SA 0.03%
- Lg Uplus Corp 0.03%
- Petro Rio SA 0.03%
- Consolidated Edison Inc Com Usd0.10 0.02%
- Neste Oyj 0.02%
- Pbf Energy Inc Com 0.02%
- Phillips 66 Com Usd0.01 0.02%
- Sk Innovation Ltd 0.02%
- Atmos Energy Corp 0.01%
- Hf Sinclair Corpor Com Usd0.01 0.01%
- Oneok Inc 0.01%
- Sempra Energy USD 0.01%
- South Jersey Industries 0.01%
- Ugi Corp Com 0.01%
Weapons
- Wal-Mart Stores Inc 1.19%
- Walmart Inc 0.13%
- Amphenol Corp Cl A 0.02%
- Brookfield Asset Management 0.02%
- Teledyne Technologies Inc 0.02%
- Transdigm Group Inc 0.02%
- Caci International Inc - Class A 0.01%
- Dick'S Sporting Goods Inc 0.01%
- Science Applications International Corp 0.01%
Tobacco
- Casey'S General Stores Inc 0.01%
Alcohol
- Wuliangye Yibin Ltd A 0.03%
GMOs
- Corteva Inc 0.03%
Human Rights & Environmental Violations
- Johnson & Johnson 1.33%
- Meta Platforms Inc 0.70%
- Caterpillar Incorporated 0.46%
- Johnson & Johnson Com US$1 0.26%
- BHP Group Limited 0.22%
- Rio Tinto Ltd 0.13%
- Vale Adr Representing One SA 0.13%
- Petroleo Brasileiro Adr Reptg SA 0.09%
- Thermo Fisher Scientific Inc 0.08%
- Activision Blizzard Inc 0.07%
- Caterpillar Inc 0.05%
- Rio Tinto PLC Ord 10P Gbp 0.05%
- Wells Fargo & Company 0.04%
- Corteva Inc 0.03%
- Fmc Corp 0.03%
- Nufarm Ltd 0.03%
- Motorola Solutions Inc 0.02%
- Mattel Inc Com Usd1.00 0.01%
- Nutrien Ltd Com Npv 0.01%
- Uber Technologies Inc 0.01%
Animal Cruelty
- Procter & Gamble Co 1.55%
- Pepsi Co Inc 1.38%
- Procter & Gamble Company 0.16%
- Reliance Industries Ltd 0.11%
- Coca Cola Co USD 0.09%
- Pepsico Inc Cap US$0.01 2/3 0.09%
- Unilever PLC 0.08%
- Sherwin Williams Com Usd1 0.06%
- Colgate Palmolive Usd1 0.05%
- General Mills Inc 0.04%
- 3M Co 0.03%
- Corteva Inc 0.03%
- Estee Lauder Companies 0.03%
- Fmc Corp 0.03%
- Hermes International 0.03%
- Kering 0.03%
- Koninklijke Ahold Delhaize Nv 0.03%
- L'Oreal 0.03%
- Lg H & H Ltd 0.03%
- Nufarm Ltd 0.03%
- Orica Ltd 0.03%
- Avantor Inc 0.02%
- Avi Ltd 0.02%
- Church & Dwight Co 0.02%
- Dupont De Nemours Inc 0.02%
- Graincorp Ltd-A 0.02%
- Kellogg Company 0.02%
- Keurig Dr Pepper Inc 0.02%
- Kraft Heinz Co Com Usd0.01 0.02%
- PPG Industries Inc 0.02%
- Sk Innovation Ltd 0.02%
- Tapestry Inc Com Usd0.01 0.02%
- Akzo Nobel Nv Eur0.50 0.01%
- Albermarle Corp 0.01%
- Campbell Soup Co USD 0.01%
- Capri Holdings Ltd Com Npv 0.01%
- Clorox Co Del 0.01%
- Dcc PLC 0.01%
- George Weston Ltd 0.01%
- Huntsman Corporation 0.01%
- Koninklijke Dsm Nv 0.01%
- Mosaic Co Com 0.01%
- Nutrien Ltd Com Npv 0.01%
- Rpm International Inc 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 fund aims to provide investors with capital growth over the long-term, by investing primarily in a broad spread of New Zealand and international growth assets, with a small amount held in cash.
| Value | $270M NZD |
| Period of data report | 31st Dec. 2022 |
| Members | 17,245 |
| Fund started | 14th Oct. 2015 |
| Total annual fund fees | 1.08% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.8% |
| Other management and administration charges | 0.28% |
| Total other charges | 24.0 |
| Total other charges currency | NZD |
Key Personnel
|
Graham Duston |
Currently: Investment Committee member (21 years, 3 months) |
|
Damon O'Brien |
Currently: Independent Investment Committee member (7 years, 8 months) |
|
Martin Pike |
Currently: Head of Investments (7 years, 3 months) |
|
Mike Skilling |
Currently: Non-executive Director / Investment Committee chairperson (6 years, 7 months) |
|
Derek Young |
Currently: Investment Committee member (18 years, 6 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 | 0.03% | |
| Animal Cruelty | 4.67% | |
| Fossil Fuels | 2.14% | |
| Gambling | 0.01% | |
| GMOs | 0.03% | |
| Human Rights & Environmental Violations | 3.79% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.02% | |
| Weapons | 1.57% |
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 | 3.94% | 3.38% |
| 2021 | 36.11% | 32.78% |
| 2020 | -6.34% | -8.29% |
| 2019 | 9.78% | 7.79% |
| 2018 | 6.95% | 5.55% |
| 2017 | 10.40% | 11.7% |
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
-
Dimensional Global Sustainability PIE Fund (NZD Hedged)
New Zealand International Equities29.95% -
Schroder Emerging Markets Sustainable Fund - Wholesale Class
Australia International Equities7.23% -
Dimensional Australian Sustainability Trust
Australia Australasian Equities4.87% -
Cash Deposit (ANZ Bank)
New Zealand Cash and Equivalents3.63% -
Apple Inc
United States International Equities2.38% -
Kernel Global Infrastructure (NZD Hedged) Fund
New Zealand Other2.16% -
Fisher & Paykel Healthcare Corp Ltd
New Zealand Australasian Equities2.13% -
Microsoft Corporation
United States International Equities1.96% -
Ebos Group Limited Ordinary Shares
New Zealand Australasian Equities1.78% -
Spark New Zealand Limited
New Zealand Australasian Equities1.65%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 2.0% | 3.72% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 26.0% | 25.43% |
| International Equities | 72.0% | 67.68% |
| Listed Properties | 0.0% | 1.01% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 2.16% |
| 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.