Westpac KiwiSaver Scheme

Not Mindful

Type: Growth fund

Past Returns: 4.00%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 0.86%

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

Aes Corporation 3.95% 15-Jul-2030 0.01%
Aker BP Asa 3.75% 15-Jan-2030 0.01%
American Electric Power Company, Inc. 0.04%
Anglo American PLC 0.05%
Atmos Energy Corporation 0.04%
Basf Se 0.04%
Canadian National Railway Company 0.17%
China Longyuan Power Group Corp. Ltd. Class H 0.02%
Ck Hutchison Holdings Ltd 0.04%
Coca-Cola Company 0.03%
Coca-Cola Company 1.0% 15-Mar-2028 0.01%
Devon Energy Corporation 0.01%
Dominion Energy, Inc. 2.45% 15-Jan-2023 0.02%
E.On Se 0.25% 24-Oct-2026 0.02%
E.On Se 1.0% 07-Oct-2025 0.01%
Electricite De France SA 0.02%
Electricite De France SA 5.375% Perp 0.02%
Enagas SA 0.03%
Enerplus Corporation 0.01%
Engie SA. 0.375% 11-Jun-2027 0.03%
Eni S.P.A. 0.01%
Evraz PLC 0.01%
Exxon Mobil Corporation 0.02%
Genting Bhd. 0.01%
Japan Petroleum Exploration Co., Ltd. 0.01%
Kansas City Southern 0.20%
Kinder Morgan Inc Class P 0.02%
Kinder Morgan, Inc. 5.0% 15-Feb-2021 0.01%
Lg Corp Pfd Registered Shs Non-Voting 0.01%
Lyondellbasell Industries Nv 0.01%
Magellan Midstream Partners, L.P. 0.02%
New World Development Co. Ltd. 0.06%
Nextera Energy Capital Holdings, Inc. 2.75% 01-May-2025 0.01%
Nextera Energy, Inc. 0.08%
Norfolk Southern Corporation 0.05%
Nrg Energy, Inc. 0.02%
Posco 0.01%
Reliance Industries Limited Sponsored Gdr 144A 0.02%
Rio Tinto Ltd 0.17%
Rio Tinto PLC 0.05%
Rwe AG 0.03%
Southwestern Energy Company 0.01%
Upm-Kymmene Oyj 0.04%
Weyerhaeuser Company 0.01%
Wintershall Dea Finance Bv 0.84% 25-Sep-2025 0.01%
Wintershall Dea Gmbh 0.452% 25-Sep-2023 0.01%

Weapons

Amphenol Corporation Class A 0.09%
Chemring Group PLC 0.03%
Exor N.V. 0.01%
Hexcel Corporation 0.03%
Indra Sistemas, S.A. Class A 0.02%
Leidos Holdings, Inc. 0.01%
Meggitt PLC 0.02%
Navistar International Corporation 0.07%

Tobacco

Dufry AG 0.02%

Gambling

Aristocrat Leisure Ltd 0.13%
Genting Bhd. 0.01%
Genting Singapore Limited 0.02%
Kangwon Land, Inc. 0.01%
Las Vegas Sands Corp. 0.02%
Mgm Growth Properties Llc Class A 0.01%
Playtech PLC 0.03%
Sky City Entertainment Group 0.43%
Vici Properties Inc 0.04%
Wynn Macau Ltd. 0.01%

Alcohol

Ambev SA Sponsored Adr 0.02%
Anheuser-Busch Cos. Llc 3.65% 01-Feb-2026 0.02%
Anheuser-Busch Inbev SA/Nv 2.125% 02-Dec-2027 0.01%
Anheuser-Busch Inbev SA/Nv 3.7% 02-Apr-2040 0.01%
Anheuser-Busch Inbev Worldwide, Inc. 4.15% 23-Jan-2025 0.01%
Asahi Group Holdings,Ltd. 0.03%
Carlsberg A/S Class B 0.06%
Davide Campari-Milano N.V. 0.03%
Diageo PLC 0.20%
Dufry AG 0.02%
Heineken Nv 0.12%
LVMH Moet Hennessy Louis Vuitton Se 0.24%
Pernod Ricard SA 0.14%

Palm Oil

Genting Bhd. 0.01%
Genting Singapore Limited 0.02%
Malaysia Airports Holdings Bhd. 0.01%
Posco 0.01%

Human Rights & Environmental Violations

Barrick Gold Corporation 0.03%
Freeport-Mcmoran, Inc. 0.05%
Genting Bhd. 0.01%
Johnson & Johnson 0.13%
Nestle S.A. 0.26%
Posco 0.01%
Rio Tinto Ltd 0.17%
Rio Tinto PLC 0.05%
Sempra Energy 4.875% Perp 0.01%
Vale S.A. Sponsored Adr 0.01%

Animal Testing

Air Liquide SA 0.090%
Akzo Nobel N.V. 0.100%
Asahi Group Holdings,Ltd. 0.030%
Basf Se 0.040%
Bayer AG 0.190%
Beiersdorf AG 0.030%
Burberry Group PLC 0.040%
Capri Holdings Limited 0.020%
Clorox Company 3.05% 15-Sep-2022 0.010%
Coca-Cola Company 0.030%
Coca-Cola Company 1.0% 15-Mar-2028 0.010%
Colgate-Palmolive Company 0.130%
Danone SA 0.170%
Eastman Chemical Company 0.010%
Ecolab Inc. 0.040%
Estee Lauder Companies Inc. Class A 0.090%
Fancl Corporation 0.060%
General Mills, Inc. 0.020%
Givaudan SA 0.030%
Henkel AG & Co. Kgaa 0.020%
Hermes International Sca 0.050%
Hp Inc. 0.050%
Ingevity Corporation 0.020%
Ingredion Incorporated 0.040%
Johnson & Johnson 0.130%
Kikkoman Corporation 0.030%
Kimberly-Clark Corporation 0.020%
Kraft Heinz Company 0.020%
L'Oreal SA 0.030%
Linde PLC 0.230%
LVMH Moet Hennessy Louis Vuitton Se 0.240%
Lyondellbasell Industries Nv 0.010%
Mondelez International Holdings Netherlands Bv 2.0% 28-Oct-2021 0.010%
Mondelez International Holdings Netherlands Bv 2.125% 19-Sep-2022 0.010%
Mondelez International, Inc. Class A 0.050%
Mosaic Company 0.020%
Nestle S.A. 0.260%
Nissan Chemical Corporation 0.030%
PPG Industries, Inc. 0.130%
Prada S.P.A. 0.040%
Procter & Gamble Company 0.100%
Reckitt Benckiser Group PLC 0.160%
Reliance Industries Limited Sponsored Gdr 144A 0.020%
Svenska Cellulosa Aktiebolaget Class B 0.060%
Symrise AG 0.040%
Unilever Nv 0.030%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed Sept. 30th 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, Sustainalytics and research organisations.

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.

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%	-4.3%
2019	6.87%	6.84%
2018	7.63%	9.45%
2017	8.87%	6.61%
2016	3.62%	4.75%
2015	13.73%	14.13%
2014	8.43%	8.81%
2013	12.00%	11.57%
2012	-1.50%	0.7%
2011	6.13%	7.86%

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 Wed Sept. 30th 2020.

Showing the top 10 investments for this fund:

K2 Alternative Strategies NZ Portfolio
Cayman Islands Other

4.86%
Fisher & Paykel Healthcare Ltd
New Zealand Australasian Equities

4.1%
A2 Milk Company Ltd
New Zealand Australasian Equities

3.14%
Spark New Zealand Ltd
New Zealand Australasian Equities

2.08%
S&P500 E-Mini Future Dec20
United States International Equities

1.34%
Ebos Group Ltd
New Zealand Australasian Equities

1.33%
Auckland International Airport Ltd
New Zealand Australasian Equities

1.3%
Mainfreight Ltd
New Zealand Australasian Equities

1.24%
Contact Energy Ltd
New Zealand Australasian Equities

1.15%
Goodman Property Trust
New Zealand Listed Property

1.1%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed Sept. 30th 2020.

How the money in this fund is invested against the fund's targets.

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	3.0%	2.31%
New Zealand Fixed Interest	8.0%	10.69%
International Fixed Interest	9.0%	9.93%
Australasian Equities	27.0%	27.11%
International Equities	39.0%	37.52%
Listed Properties	9.0%	7.49%
Unlisted Properties	0.0%	0.0%
Other	5.0%	4.95%
Commodities	0.0%	0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed Sept. 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 concern

Does this fund say it excludes this?

Actual holdings
Adult Entertainment/Pornography:

0.00%
Alcohol:

0.93%
Animal Testing:

3.10%
Fossil Fuels:

1.90%
Gambling:

0.71%
GMOs:

0.00%
Human Rights & Environmental Violations:

0.76%
Palm Oil:

0.06%
Tobacco:

0.03%
Weapons:

0.29%

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 Growth Fund aims to provide higher returns over the long term. The fund invests primarily in growth assets but also has an allocation to income assets. Volatility is expected to be the highest of the funds in the Westpac KiwiSaver Scheme."

Value	$1.7B NZD
Period of data report	Wed Sept. 30th 2020
Members	104,970
Fund started	Mon Oct. 1st 2007
Total annual fund fees	0.86%
Total performance based fees	0.0%
Manager's basic fee	0.67%
Administration charges	0.19%
Total other charges	22.0
Total other charges currency	NZD

Key Personnel

Nigel Jackson	Currently: Acting Head of Investments & Insurance (3 years, 7 months) Previously: Head of Customer Proposition (7 years, 7 months)
Philip Houghton-Brown	Currently: Head of Investment Solutions (0 years, 1 months) Previously: Chief Investment Officer / Head of Investments Mercer (8 years, 2 months)
Francois Richeboeuf	Currently: Senior Portfolio Manager (9 years, 10 months) Previously: Acting Head of Investment Solutions (0 years, 8 months)
Stephen Hong	Currently: Senior Portfolio Manager (8 years, 0 months) Previously: Portfolio Manager AXA Global Investors (5 years, 9 months)
Angelika Sansom	Currently: Investment Analytics Manager (19 years, 1 months) Previously: Investment Consultant Mercer (2 years, 4 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed Sept. 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Portfolio holdings v

Westpac Growth Fund