Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
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
Rubis Eur1.25 0.16%
BHP Group Plc 0.10%
Snam Spa 0.09%
Total Sa 0.06%
Engie Aug5 0.06%
Clp Holdings Limited Hkd 0.06%
Enbridge Inc 0.06%
Xcel Energy Inc 0.06%
Koninklijke Vopak Nv 0.06%
BHP Group Limited Ordinary Fully Paid 0.05%
Royal Dutch Shell Plc-B Shs 0.04%
Kirby Corp 0.04%
Firstenergy Corp USD 0.04%
Lyondellbasell Industries 0.04%
Wec Energy Group Inc 0.04%
China Petroleum & Chemical 0.03%
Eog Resources Inc 0.03%
Anglo American Plc 0.03%
Suez 0.03%
Phillips 66 Com Usd0.01 0.03%
Gazprom Pjsc Spon Adr 0.03%
Petrochina Co Ltd H 0.03%
Enterprise Products Partners Lp 0.03%
Valero Energy Corp 0.03%
Exxon Mobil Corporation 0.03%
Royal Dutch Shell Plc - A Shares 0.02%
Atco Ltd 0.02%
Oao Gazprom Spon Adr Reg S 0.02%
Teekay Lng Partners Lp 0.02%
Nextera Energy Partners Lp 0.02%
Xcel Energy Inc 2.6% Due 12-01-2029 0.02%
Novatek Pjsc 0.02%
Cnooc Ltd 0.02%
Petroleo Brasileiro Petrobras Sa 0.02%
Omv Ag 0.02%
Dte Energy Co USD 0.02%
Apa Group 0.02%
Repsol Sa 0.02%
Hokkaido Electric Power Co 0.02%
Energy Transfer Eq Com Units Rep Ltd Ptn 0.02%
Shikoku Electric Power Company Incorpora 0.02%
Chevron Corp 0.02%
Sm Energy Company 0.02%
Idemitsu Kosan Co Ltd 0.02%
Eni Spa 0.01%
Ptt Public Company Thb10 0.01%
Firstenergy Corp 3.9% 07-15-2027 0.01%
Tenaga Nasional Berhad 0.01%
Kunlun Energy Company Limited 0.01%
Canadian Utilities Ltd A 0.01%
Marathon Petrol Com 0.01%
Wpx Energy Inc Com 0.01%
Tatneft Pjsc Ads 0.01%
Nextera Energy Cap Hldgs Inc 2.75% Due 11-01-2029 0.01%
Nextera Energy Inc 0.14%
Dominion Energy Inc Com 0.11%
American Electric Power Company, Inc. 0.09%
Xcel Energy Inc. 0.06%
Emera Inc 0.05%
Aker Bp Asa 0.02%
Weapons
Raytheon Company 0.08%
Axon Enterprise I Com USD 0.00001 0.03%
Caci International Inc - Class A 0.01%
Rheinmetall Ag 0.01%
Tobacco
Gambling
Skycity Entertainment Group Limited 0.12%
Churchill Downs Incorporated 0.02%
Sands China Limited 0.02%
Evolution Gaming Group Ab 0.01%
Playtech Ord Npv 0.01%
Alcohol
Pernod-Ricard Sa 0.10%
Diageo Ord 28 101/108P 0.08%
Carlsberg As - B 0.07%
Want Want China Holdings Ltd 0.02%
Constellation Brands Inc-A 0.02%
Metcash Limited 0.01%
Tsingtao Brewery Company Limited 0.01%
Ambev Sa Com Npv 0.01%
Brown Forman Corp 0.01%
GMOs
Novartis Ag - Chf0.50 (Regd) 0.50%
Bayer Ag 0.02%
Novartis Adr Sponsored 0.02%
Basf Se 0.02%
Novozymes A/S Ser`B`Dkk2 0.02%
Syngenta Finance Nv 0.02%
Human Rights & Environmental Violations
Johnson & Johnson Com US$1 0.29%
Nestle Sa 0.14%
Rio Tinto Limited 0.10%
BHP Group Plc 0.10%
Rio Tinto Plc Ord 10P Gbp 0.08%
Sempra Energy USD 0.05%
BHP Group Limited Ordinary Fully Paid 0.05%
Royal Dutch Shell Plc-B Shs 0.04%
Vale Sa 0.04%
Petrochina Co Ltd H 0.03%
Rio Tinto Plc 0.03%
Royal Dutch Shell Plc - A Shares 0.02%
Tokyo Electric Power Company Holdings Incorporated 0.02%
Petroleo Brasileiro Petrobras Sa 0.02%
Centerra Gold Inc 0.02%
Chevron Corp 0.02%
Animal Testing
Johnson & Johnson Com US$1 0.290%
Coca Cola Co USD 0.160%
Procter & Gamble Company 0.160%
Nestle Sa 0.140%
Pepsico Inc Cap US$0.01 2/3 0.130%
Glaxosmithkline Plc 0.080%
Reckitt Benckiser Group Plc 0.080%
Colgate Palmolive Usd1 0.060%
Royal Dutch Shell Plc-B Shs 0.040%
Unilever Plc 0.040%
Walgreens Boots Al Com Usd0.01 0.040%
Kimberly Clark Corp Com Usd1.25 0.040%
Unilever Nv 0.030%
Albermarle Corp 0.030%
Usana Helath Sciences Inc 0.030%
Unilever Nv Eur0.16 0.030%
Clorox Co Del 0.020%
Royal Dutch Shell Plc - A Shares 0.020%
Bayer Ag 0.020%
L'Oreal 0.020%
Kimberly Clark De Mexico A 0.020%
Orica Limited 0.020%
Basf Se 0.020%
Henkel Ag & Co Kgaa 0.020%
Mitsui Chemicals Inc 0.020%
Chevron Corp 0.020%
Novozymes A/S Ser`B`Dkk2 0.020%
Henkel Ag & Co Kgaa Non Vtg Pref 0.010%
Kikkoman Corporation Jpy 0.010%
Victrex Plc 0.010%
Nu Skin Enterprises Inc - Class A 0.010%
Ppg Industries Inc 0.010%
Coca-Cola Femsa S.Units 0.010%
Syngenta Finance Nv 0.020%
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue June 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 and research organisations.
A summary of this fund and its details.
| Number | FND36 |
| Name | NZ Defence Force Growth Fund |
| Risk profile | Growth fund |
| Description | Invests mainly in growth assets such as shares, real assets and alternative assets with only a limited amount in cash and fixed interest. May be suitable for investors wanting to invest mostly in growth assets who are comfortable accepting more volatile returns than those expected from the Balanced fund with a view to achieving higher longer-term returns. |
| Value | $28M NZD |
| Members | 1,669 |
| Market index description | The composite index return is the strategic asset allocation weighted benchmark index return, where the benchmark indices are defined in the Statement of Investment Policy and Objectives. Additional information about the composite index is available on the offer register. |
| Period of data report | Tue June 30th 2020 |
| Fund started | Fri Oct. 9th 2015 |
| Three-year average return | 2.62% |
| Market index past year return | 2.06% |
| Past year return net of charges and tax | 1.03% |
| Past year return net of charges gross of tax | 1.61% |
| Market index return since fund started | 7.31% |
| Return since fund started net | 5.43% |
| Total annual fund fees | 1.09% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.77% |
| Administration charges | 0.32% |
| Total other charges | 28.5 |
| Total other charges currency | NZD |
Key Personnel
-
Kristen Kohere-Soutar
Currently: Chair - Mercer (N.Z.) Ltd (0 years, 7 months)
Previously: Director - Mercer (N.Z.) Ltd (current) (2 years, 10 months) -
Kristen Kohere-Soutar
Currently: Chair - Mercer (N.Z.) Ltd (0 years, 7 months)
Previously: Director - Mercer (N.Z.) Ltd (current) (2 years, 10 months) -
Kristen Kohere-Soutar
Currently: Chair - Mercer (N.Z.) Ltd (0 years, 7 months)
Previously: Director - Mercer (N.Z.) Ltd (current) (2 years, 10 months) -
Kristen Kohere-Soutar
Currently: Chair - Mercer (N.Z.) Ltd (0 years, 7 months)
Previously: Director - Mercer (N.Z.) Ltd (current) (2 years, 10 months) -
Kristen Kohere-Soutar
Currently: Chair - Mercer (N.Z.) Ltd (0 years, 7 months)
Previously: Director - Mercer (N.Z.) Ltd (current) (2 years, 10 months) -
Kristen Kohere-Soutar
Currently: Chair - Mercer (N.Z.) Ltd (0 years, 7 months)
Previously: Director - Mercer (N.Z.) Ltd (current) (2 years, 10 months) -
Kristen Kohere-Soutar
Currently: Chair - Mercer (N.Z.) Ltd (0 years, 7 months)
Previously: Director - Mercer (N.Z.) Ltd (current) (2 years, 10 months) -
Kylie Willment
Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (2 years, 8 months)
Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months) -
Kylie Willment
Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (2 years, 8 months)
Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months) -
Kylie Willment
Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (2 years, 8 months)
Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months) -
Kylie Willment
Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (2 years, 8 months)
Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months) -
Kylie Willment
Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (2 years, 8 months)
Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months) -
Kylie Willment
Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (2 years, 8 months)
Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months) -
Kylie Willment
Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (2 years, 8 months)
Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months) -
Martin Lewington
Currently: CEO - Mercer (N.Z.) Ltd (11 years, 4 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months) -
Martin Lewington
Currently: CEO - Mercer (N.Z.) Ltd (11 years, 4 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months) -
Martin Lewington
Currently: CEO - Mercer (N.Z.) Ltd (11 years, 4 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months) -
Martin Lewington
Currently: CEO - Mercer (N.Z.) Ltd (11 years, 4 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months) -
Martin Lewington
Currently: CEO - Mercer (N.Z.) Ltd (11 years, 4 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months) -
Martin Lewington
Currently: CEO - Mercer (N.Z.) Ltd (11 years, 4 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months) -
Martin Lewington
Currently: CEO - Mercer (N.Z.) Ltd (11 years, 4 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months) -
Philip Houghton-Brown
Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (7 years, 11 months)
Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months) -
Philip Houghton-Brown
Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (7 years, 11 months)
Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months) -
Philip Houghton-Brown
Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (7 years, 11 months)
Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months) -
Philip Houghton-Brown
Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (7 years, 11 months)
Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months) -
Philip Houghton-Brown
Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (7 years, 11 months)
Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months) -
Philip Houghton-Brown
Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (7 years, 11 months)
Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months) -
Philip Houghton-Brown
Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (7 years, 11 months)
Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months) -
Ronan Mccabe
Currently: Head of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd (1 years, 3 months)
Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months) -
Ronan Mccabe
Currently: Head of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd (1 years, 3 months)
Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months) -
Ronan Mccabe
Currently: Head of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd (1 years, 3 months)
Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months) -
Ronan Mccabe
Currently: Head of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd (1 years, 3 months)
Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months) -
Ronan Mccabe
Currently: Head of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd (1 years, 3 months)
Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months) -
Ronan Mccabe
Currently: Head of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd (1 years, 3 months)
Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months) -
Ronan Mccabe
Currently: Head of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd (1 years, 3 months)
Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months)
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue June 30th 2020.
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% | -5.21% |
| 2019 | 6.87% | 5.35% |
| 2018 | 7.63% | 7.73% |
| 2017 | 8.87% | 9.05% |
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 Tue June 30th 2020.
Showing the top 10 investments for this fund:
-
AMP Capital Investors NZ Cash Fund
New Zealand Cash and Equivalents3.08% -
First State Investments Global Listed Infrastructure Fund
New Zealand Other2.1% -
Fisher & Paykel Healthcare Corporation Limited
New Zealand Australasian Equities1.8% -
Robeco Global Credit Fund
Australia Int Fixed Interest NA1.79% -
Westpac Business Interest Account
New Zealand Cash and Equivalents AA-1.66% -
The A2 Milk Company Limited
New Zealand Australasian Equities1.57% -
BNP Paribas US Dollar Account
United States International Equities1.47% -
Kkr & Co. Lp Global Infrastructure Fund
Australia Other1.04% -
Aviva Investors Multi-Strategy Fixed Income Fund
Australia Int Fixed Interest1.03% -
New Forest Australia NZ Forest Investment Fund
Australia Commodities0.98%
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 30 June 2020 .
How the money in this fund is invested against the fund's targets.
Target
Actual
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 4.0% | 5.41% |
| New Zealand Fixed Interest | 5.0% | 4.88% |
| International Fixed Interest | 16.0% | 15.61% |
| Australasian Equities | 12.0% | 10.84% |
| International Equities | 44.0% | 44.03% |
| Listed Properties | 3.5% | 3.43% |
| Unlisted Properties | 3.5% | 3.61% |
| Other | 10.0% | 10.17% |
| Commodities | 2.0% | 2.02% |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 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 concernDoes this fund say it excludes this?Actual holdings
-
Adult Entertainment/Pornography:0.00%
-
Alcohol:0.42%
-
Animal Testing:1.83%
-
Fossil Fuels:2.62%
-
Gambling:0.19%
-
GMOs:0.63%
-
Human Rights & Environmental Violations:1.12%
-
Palm Oil:0.00%
-
Tobacco:0.01%
-
Weapons:0.16%
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue June 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 and research organisations.
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: "Invests mainly in growth assets such as shares, real assets and alternative assets with only a limited amount in cash and fixed interest. May be suitable for investors wanting to invest mostly in growth assets who are comfortable accepting more volatile returns than those expected from the Balanced fund with a view to achieving higher longer-term returns."
Download the fund's disclosure statement and portfolio holdings.
