Funds

NZ Defence Force KiwiSaver Growth Fund

Total Ethical Concerns: 10.85%

The average total concerns of all KiwiSaver growth funds is 8.07%.

Companies of Concern

  • Animal Cruelty 1.63%

    • Koninklijke Ahold Delhaize Nv
      0.24%
      0.24%
    • Exxon Mobil Corp.
      0.13%
      !!
      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
      0.13%
    • 0.10%
    • Chevron Corp.
      0.07%
      !!
      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
      0.07%
    • Hermès International Sca
      0.07%
      0.07%
    • Colgate-Palmolive Co.
      0.06%
      0.06%
    • Shell
      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
      0.06%
    • Eni Spa
      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
      0.05%
    • Tyson Foods Inc
      0.05%
      0.05%
    • Unilever PLC
      0.04%
      0.04%
    • Air Liquide
      0.03%
      0.03%
    • 3M
      0.02%
      0.02%
    • Ecolab, Inc.
      0.02%
      0.02%
    • L'Oréal SA
      0.02%
      0.02%
    • Nutrien Ltd.
      0.02%
      0.02%
    • The Sherwin-Williams Co.
      0.02%
      0.02%
    • Basf Se
      0.01%
      0.01%
    • Bayer
      0.01%
      0.01%
    • Celanese US Holdings Llc
      0.01%
      0.01%
    • Corteva, Inc.
      0.01%
      0.01%
    • Dupont De Nemours
      0.01%
      0.01%
    • FMC Corp.
      0.01%
      0.01%
    • Givaudan Finance Europe Bv
      0.01%
      0.01%
    • Huntsman Corp.
      0.01%
      0.01%
    • JBS S.A.
      0.01%
      0.01%
    • Kering SA
      0.01%
      0.01%
    • Kimberly-Clark Corp.
      0.01%
      0.01%
    • Orbia Advance Corp. Sab De Cv
      0.01%
      0.01%
    • Otsuka Holdings Co., Ltd.
      0.01%
      0.01%
    • Shin-Etsu Chemical Co., Ltd.
      0.01%
      0.01%
    • Syngenta
      0.01%
      0.01%
  • Human Rights Violations 2.18%

    • 0.94%
    • Rio Tinto
      0.19%
      0.19%
    • 0.11%
    • Wells Fargo
      0.11%
      0.11%
    • UBS
      0.10%
      0.10%
    • Nestlé
      0.08%
      0.08%
    • General Motors
      0.06%
      0.06%
    • 0.04%
    • Caterpillar
      0.04%
      0.04%
    • 0.04%
    • Petrobras
      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
      0.03%
    • Zijin Mining
      0.03%
      0.03%
    • Holcim
      0.02%
      0.02%
    • Petrochina Co 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
      0.02%
    • Saudi Aramco
      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
      0.02%
  • Social Harm 0.8%

  • Fossil Fuels 5.79%

    • Contact Energy Ltd.
      1.52%
      1.5°C
      This company is on a 1.5°C pathway
      1.52%
    • National Grid PLC
      0.21%
      !!
      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
      0.21%
    • American Electric Power Co., Inc.
      0.19%
      0.19%
    • Rio Tinto
      0.19%
      0.19%
    • Nextera Energy, Inc.
      0.17%
      0.17%
    • Engie SA
      0.16%
      !!
      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
      0.16%
    • BP
      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
      0.14%
    • Duke Energy Corp
      0.14%
      0.14%
    • Itochu Corp.
      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
      0.14%
    • Exxon Mobil Corp.
      0.13%
      !!
      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
      0.13%
    • Xcel Energy, Inc.
      0.13%
      0.13%
    • Dominion Energy, Inc.
      0.12%
      0.12%
    • Atmos Energy Corp.
      0.11%
      0.11%
    • BHP
      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
      0.11%
    • Pg&E Corp
      0.11%
      0.11%
    • Edp-Energias De Portugal SA
      0.09%
      1.5°C
      This company is on a 1.5°C pathway
      0.09%
    • Chevron Corp.
      0.07%
      !!
      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
      0.07%
    • Consolidated Edison, Inc.
      0.07%
      0.07%
    • Enbridge, 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
      0.06%
    • Rwe AG
      0.06%
      0.06%
    • Shell
      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
      0.06%
    • Snam Spa
      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
      0.06%
    • Totalenergies Se
      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
      0.06%
    • Aker BP Asa
      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
      0.05%
    • Eni Spa
      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
      0.05%
    • OMV AG
      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
      0.05%
    • Pinnacle West Capital Corp.
      0.05%
      0.05%
    • Portland General Electric Co.
      0.05%
      0.05%
    • Targa Resources Corp.
      0.05%
      0.05%
    • Conocophillips
      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
      0.04%
    • 0.04%
    • The Williams Cos., Inc.
      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
      0.04%
    • Barrick Gold
      0.03%
      0.03%
    • Energy Transfer Lp
      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
      0.03%
    • Kinder Morgan, Inc.
      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
      0.03%
    • Occidental Petroleum 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
      0.03%
    • Oneok, Inc.
      0.03%
      0.03%
    • Petrobras
      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
      0.03%
    • Repsol
      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
      0.03%
    • Sempra Energy
      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
      0.03%
    • The Southern Co.
      0.03%
      0.03%
    • Canadian Natural Resources 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
      0.02%
    • Centerpoint Energy, Inc.
      0.02%
      0.02%
    • Cez As
      0.02%
      0.02%
    • Channel Infrastructure
      0.02%
      0.02%
    • Cheniere Energy, Inc.
      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
      0.02%
    • Constellation Energy Corp.
      0.02%
      0.02%
    • Diamondback Energy, Inc.
      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
      0.02%
    • Enel
      0.02%
      1.5°C
      This company is on a 1.5°C pathway
      0.02%
    • Eog Resources, Inc.
      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
      0.02%
    • Equinor Asa
      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
      0.02%
    • Fairfax Financial Holdings Ltd.
      0.02%
      0.02%
    • Mplx Lp
      0.02%
      0.02%
    • Nrg Energy, Inc.
      0.02%
      0.02%
    • PT Astra International Tbk
      0.02%
      0.02%
    • Petrochina Co 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
      0.02%
    • Saudi Aramco
      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
      0.02%
    • Suncor Energy, Inc.
      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
      0.02%
    • Vistra Energy
      0.02%
      0.02%
    • Vår Energi Asa
      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
      0.02%
    • Aes Corporation
      0.01%
      !!
      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
      0.01%
    • Cenovus Energy, Inc.
      0.01%
      !!
      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
      0.01%
    • Enn Clean Energy International Investment Ltd.
      0.01%
      0.01%
    • Enterprise Products Partners Lp
      0.01%
      !!
      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
      0.01%
    • Franco-Nevada Corp.
      0.01%
      0.01%
    • Galaxy Pipeline Assets Bidco Ltd.
      0.01%
      0.01%
    • Hawaiian Electric Industries, Inc.
      0.01%
      0.01%
    • Hess Corp.
      0.01%
      !!
      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
      0.01%
    • Jefferies
      0.01%
      0.01%
    • Loews Corp.
      0.01%
      0.01%
    • Marathon Petroleum Corp.
      0.01%
      0.01%
    • Mitsubishi Corp.
      0.01%
      !!
      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
      0.01%
    • Mitsui & Co., Ltd.
      0.01%
      !!
      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
      0.01%
    • Phillips 66
      0.01%
      0.01%
    • Tc Energy Corp.
      0.01%
      !!
      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
      0.01%
    • Vale SA
      0.01%
      0.01%
    • Valero Energy Corp.
      0.01%
      0.01%
    • Vier Gas Transport Gmbh
      0.01%
      0.01%
    • Western Midstream Partners Lp
      0.01%
      0.01%
    • Wintershall Dea
      0.01%
      !!
      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
      0.01%
  • Weapons 0.66%

    • Amphenol Corp.
      0.21%
      0.21%
    • Mtu Aero Engines AG
      0.19%
      0.19%
    • Rheinmetall AG
      0.09%
      0.09%
    • Dassault Aviation SA
      0.07%
      0.07%
    • Howmet Aerospace, Inc.
      0.02%
      0.02%
    • Transdigm Group, Inc.
      0.02%
      0.02%
    • Teledyne Technologies, Inc.
      0.01%
      0.01%
  • Environmental Harm 1.18%

    • Duke Energy Corp
      0.14%
      0.14%
    • BHP
      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
      0.11%
    • Pg&E Corp
      0.11%
      0.11%
    • PepsiCo
      0.10%
      0.10%
    • Coca-Cola
      0.09%
      0.09%
    • Chevron Corp.
      0.07%
      !!
      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
      0.07%
    • Shell
      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
      0.06%
    • 0.05%
    • 0.04%
    • Unilever PLC
      0.04%
      0.04%
    • Barrick Gold
      0.03%
      0.03%
    • Energy Transfer Lp
      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
      0.03%
    • Mondelez
      0.03%
      0.03%
    • Zijin Mining
      0.03%
      0.03%
    • 3M
      0.02%
      0.02%
    • Archer-Daniels Midland
      0.02%
      0.02%
    • Danone
      0.02%
      0.02%
    • Fonterra
      0.02%
      0.02%
    • Nutrien Ltd.
      0.02%
      0.02%
    • PT Astra International Tbk
      0.02%
      0.02%
    • Basf Se
      0.01%
      0.01%
    • Bayer
      0.01%
      0.01%
    • Corteva, Inc.
      0.01%
      0.01%
    • FMC Corp.
      0.01%
      0.01%
    • JBS S.A.
      0.01%
      0.01%
    • Mitsubishi Corp.
      0.01%
      !!
      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
      0.01%
    • Syngenta
      0.01%
      0.01%
    • Vale SA
      0.01%
      0.01%
    • Yunnan Baiyao Group Co Ltd
      0.01%
      0.01%

From the Fund Provider

  • About this fund

    About this Fund

    Invests predominantly in growth assets such as shares and real assets with only a limited amount in defensive assets such as fixed interest and cash. 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 $53.2M NZD
    Period of data report 31st March 2025
    Members 1,818
    Fund started 9th Oct. 2015
    Total annual fund fees 0.97%
    Total performance based fees 0.0%
    Manager's basic fee 0.76%
    Other management and administration charges 0.21%
    Total other charges 0.0
    Total other charges currency NZD

    Ross Butler

    Currently: Chair - Mercer (N.Z.) Ltd (1 years, 11 months)
    Previously: Director Investments (Australia) Limited (current) (10 years, 4 months)

    Martin Lewington

    Currently: CEO - Mercer (N.Z.) Ltd (16 years, 1 months)
    Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

    Kylie Willment

    Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (7 years, 5 months)
    Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

    Padraig Brown

    Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (2 years, 10 months)
    Previously: Head of Real Estate Investment Management, Mercer Australia (Pty) Ltd (11 years, 2 months)

    David Scobie

    Currently: Principal, Investments New Zealand - Mercer (N.Z.) Ltd (1 years, 8 months)
    Previously: Principal Advisor, Capital Markets, The Treasury, New Zealand (1 years, 5 months)

    This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.

  • Past Returns

    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
    2025 3.71% 5.54%
    2024 14.15% 12.18%
    2023 -3.87% -4.26%
    2022 1.40% 2.75%
    2021 28.16% 24.75%
    2020 -3.43% -5.21%
    2019 6.75% 5.35%
    2018 7.80% 7.73%
    2017 9.24% 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 31st March 2025.

  • Investments

    Top 10 Investments

    • Fisher & Paykel Healthcare Corporation Limited

      New Zealand Australasian Equities

      3.38%
    • Robeco Global Credit Fund

      Luxembourg Int Fixed Interest

      2.29%
    • First Sentier Investments Global Listed Infrastructure Fund

      New Zealand Other

      2.18%
    • Auckland International Airport Limited

      New Zealand Australasian Equities

      2.11%
    • Infratil Limited

      New Zealand Australasian Equities

      1.8%
    • Apple Inc

      United States International Equities

      1.61%
    • Microsoft Corporation

      United States International Equities

      1.59%
    • Contact Energy Limited

      New Zealand Australasian Equities

      1.52%
    • Nvidia Corporation

      United States International Equities

      1.49%
    • Amazon.Com Inc

      United States International Equities

      1.25%
    Type Target Actual
    Cash and Cash Equivalents 1.0% 2.68%
    New Zealand Fixed Interest 5.0% 5.64%
    International Fixed Interest 14.0% 14.62%
    Australasian Equities 22.5% 21.75%
    International Equities 50.5% 48.06%
    Listed Properties 3.5% 3.83%
    Unlisted Properties 0.0% 0.0%
    Other 3.5% 3.42%
    Commodities 0.0% 0.0%

    Investment Mix

    How the money in this fund is invested by asset type.

    This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.

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 2025 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.

Issues of Concern

  • 1.63% Animal Cruelty
  • 2.18% Human Rights Violations
  • 0.8% Social Harm
  • 5.79% Fossil Fuels
  • 0.66% Weapons
  • 1.18% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • Koninklijke Ahold Delhaize Nv
      0.24%
      0.24%
    • Exxon Mobil Corp.
      0.13%
      !!
      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
      0.13%
    • 0.10%
    • Chevron Corp.
      0.07%
      !!
      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
      0.07%
    • Hermès International Sca
      0.07%
      0.07%
    • Colgate-Palmolive Co.
      0.06%
      0.06%
    • Shell
      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
      0.06%
    • Eni Spa
      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
      0.05%
    • Tyson Foods Inc
      0.05%
      0.05%
    • Unilever PLC
      0.04%
      0.04%
    • Air Liquide
      0.03%
      0.03%
    • 3M
      0.02%
      0.02%
    • Ecolab, Inc.
      0.02%
      0.02%
    • L'Oréal SA
      0.02%
      0.02%
    • Nutrien Ltd.
      0.02%
      0.02%
    • The Sherwin-Williams Co.
      0.02%
      0.02%
    • Basf Se
      0.01%
      0.01%
    • Bayer
      0.01%
      0.01%
    • Celanese US Holdings Llc
      0.01%
      0.01%
    • Corteva, Inc.
      0.01%
      0.01%
    • Dupont De Nemours
      0.01%
      0.01%
    • FMC Corp.
      0.01%
      0.01%
    • Givaudan Finance Europe Bv
      0.01%
      0.01%
    • Huntsman Corp.
      0.01%
      0.01%
    • JBS S.A.
      0.01%
      0.01%
    • Kering SA
      0.01%
      0.01%
    • Kimberly-Clark Corp.
      0.01%
      0.01%
    • Orbia Advance Corp. Sab De Cv
      0.01%
      0.01%
    • Otsuka Holdings Co., Ltd.
      0.01%
      0.01%
    • Shin-Etsu Chemical Co., Ltd.
      0.01%
      0.01%
    • Syngenta
      0.01%
      0.01%
  • Human Rights Violations

    • 0.94%
    • Rio Tinto
      0.19%
      0.19%
    • 0.11%
    • Wells Fargo
      0.11%
      0.11%
    • UBS
      0.10%
      0.10%
    • Nestlé
      0.08%
      0.08%
    • General Motors
      0.06%
      0.06%
    • 0.04%
    • Caterpillar
      0.04%
      0.04%
    • 0.04%
    • Petrobras
      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
      0.03%
    • Zijin Mining
      0.03%
      0.03%
    • Holcim
      0.02%
      0.02%
    • Petrochina Co 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
      0.02%
    • Saudi Aramco
      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
      0.02%
  • Fossil Fuels

    • Contact Energy Ltd.
      1.52%
      1.5°C
      This company is on a 1.5°C pathway
      1.52%
    • National Grid PLC
      0.21%
      !!
      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
      0.21%
    • American Electric Power Co., Inc.
      0.19%
      0.19%
    • Rio Tinto
      0.19%
      0.19%
    • Nextera Energy, Inc.
      0.17%
      0.17%
    • Engie SA
      0.16%
      !!
      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
      0.16%
    • BP
      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
      0.14%
    • Duke Energy Corp
      0.14%
      0.14%
    • Itochu Corp.
      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
      0.14%
    • Exxon Mobil Corp.
      0.13%
      !!
      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
      0.13%
    • Xcel Energy, Inc.
      0.13%
      0.13%
    • Dominion Energy, Inc.
      0.12%
      0.12%
    • Atmos Energy Corp.
      0.11%
      0.11%
    • BHP
      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
      0.11%
    • Pg&E Corp
      0.11%
      0.11%
    • Edp-Energias De Portugal SA
      0.09%
      1.5°C
      This company is on a 1.5°C pathway
      0.09%
    • Chevron Corp.
      0.07%
      !!
      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
      0.07%
    • Consolidated Edison, Inc.
      0.07%
      0.07%
    • Enbridge, 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
      0.06%
    • Rwe AG
      0.06%
      0.06%
    • Shell
      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
      0.06%
    • Snam Spa
      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
      0.06%
    • Totalenergies Se
      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
      0.06%
    • Aker BP Asa
      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
      0.05%
    • Eni Spa
      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
      0.05%
    • OMV AG
      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
      0.05%
    • Pinnacle West Capital Corp.
      0.05%
      0.05%
    • Portland General Electric Co.
      0.05%
      0.05%
    • Targa Resources Corp.
      0.05%
      0.05%
    • Conocophillips
      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
      0.04%
    • 0.04%
    • The Williams Cos., Inc.
      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
      0.04%
    • Barrick Gold
      0.03%
      0.03%
    • Energy Transfer Lp
      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
      0.03%
    • Kinder Morgan, Inc.
      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
      0.03%
    • Occidental Petroleum 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
      0.03%
    • Oneok, Inc.
      0.03%
      0.03%
    • Petrobras
      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
      0.03%
    • Repsol
      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
      0.03%
    • Sempra Energy
      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
      0.03%
    • The Southern Co.
      0.03%
      0.03%
    • Canadian Natural Resources 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
      0.02%
    • Centerpoint Energy, Inc.
      0.02%
      0.02%
    • Cez As
      0.02%
      0.02%
    • Channel Infrastructure
      0.02%
      0.02%
    • Cheniere Energy, Inc.
      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
      0.02%
    • Constellation Energy Corp.
      0.02%
      0.02%
    • Diamondback Energy, Inc.
      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
      0.02%
    • Enel
      0.02%
      1.5°C
      This company is on a 1.5°C pathway
      0.02%
    • Eog Resources, Inc.
      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
      0.02%
    • Equinor Asa
      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
      0.02%
    • Fairfax Financial Holdings Ltd.
      0.02%
      0.02%
    • Mplx Lp
      0.02%
      0.02%
    • Nrg Energy, Inc.
      0.02%
      0.02%
    • PT Astra International Tbk
      0.02%
      0.02%
    • Petrochina Co 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
      0.02%
    • Saudi Aramco
      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
      0.02%
    • Suncor Energy, Inc.
      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
      0.02%
    • Vistra Energy
      0.02%
      0.02%
    • Vår Energi Asa
      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
      0.02%
    • Aes Corporation
      0.01%
      !!
      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
      0.01%
    • Cenovus Energy, Inc.
      0.01%
      !!
      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
      0.01%
    • Enn Clean Energy International Investment Ltd.
      0.01%
      0.01%
    • Enterprise Products Partners Lp
      0.01%
      !!
      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
      0.01%
    • Franco-Nevada Corp.
      0.01%
      0.01%
    • Galaxy Pipeline Assets Bidco Ltd.
      0.01%
      0.01%
    • Hawaiian Electric Industries, Inc.
      0.01%
      0.01%
    • Hess Corp.
      0.01%
      !!
      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
      0.01%
    • Jefferies
      0.01%
      0.01%
    • Loews Corp.
      0.01%
      0.01%
    • Marathon Petroleum Corp.
      0.01%
      0.01%
    • Mitsubishi Corp.
      0.01%
      !!
      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
      0.01%
    • Mitsui & Co., Ltd.
      0.01%
      !!
      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
      0.01%
    • Phillips 66
      0.01%
      0.01%
    • Tc Energy Corp.
      0.01%
      !!
      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
      0.01%
    • Vale SA
      0.01%
      0.01%
    • Valero Energy Corp.
      0.01%
      0.01%
    • Vier Gas Transport Gmbh
      0.01%
      0.01%
    • Western Midstream Partners Lp
      0.01%
      0.01%
    • Wintershall Dea
      0.01%
      !!
      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
      0.01%
  • Weapons

    • Amphenol Corp.
      0.21%
      0.21%
    • Mtu Aero Engines AG
      0.19%
      0.19%
    • Rheinmetall AG
      0.09%
      0.09%
    • Dassault Aviation SA
      0.07%
      0.07%
    • Howmet Aerospace, Inc.
      0.02%
      0.02%
    • Transdigm Group, Inc.
      0.02%
      0.02%
    • Teledyne Technologies, Inc.
      0.01%
      0.01%
  • Environmental Harm

    • Duke Energy Corp
      0.14%
      0.14%
    • BHP
      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
      0.11%
    • Pg&E Corp
      0.11%
      0.11%
    • PepsiCo
      0.10%
      0.10%
    • Coca-Cola
      0.09%
      0.09%
    • Chevron Corp.
      0.07%
      !!
      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
      0.07%
    • Shell
      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
      0.06%
    • 0.05%
    • 0.04%
    • Unilever PLC
      0.04%
      0.04%
    • Barrick Gold
      0.03%
      0.03%
    • Energy Transfer Lp
      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
      0.03%
    • Mondelez
      0.03%
      0.03%
    • Zijin Mining
      0.03%
      0.03%
    • 3M
      0.02%
      0.02%
    • Archer-Daniels Midland
      0.02%
      0.02%
    • Danone
      0.02%
      0.02%
    • Fonterra
      0.02%
      0.02%
    • Nutrien Ltd.
      0.02%
      0.02%
    • PT Astra International Tbk
      0.02%
      0.02%
    • Basf Se
      0.01%
      0.01%
    • Bayer
      0.01%
      0.01%
    • Corteva, Inc.
      0.01%
      0.01%
    • FMC Corp.
      0.01%
      0.01%
    • JBS S.A.
      0.01%
      0.01%
    • Mitsubishi Corp.
      0.01%
      !!
      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
      0.01%
    • Syngenta
      0.01%
      0.01%
    • Vale SA
      0.01%
      0.01%
    • Yunnan Baiyao Group Co Ltd
      0.01%
      0.01%

About this Fund

Invests predominantly in growth assets such as shares and real assets with only a limited amount in defensive assets such as fixed interest and cash. 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 $53.2M NZD
Period of data report 31st March 2025
Members 1,818
Fund started 9th Oct. 2015
Total annual fund fees 0.97%
Total performance based fees 0.0%
Manager's basic fee 0.76%
Other management and administration charges 0.21%
Total other charges 0.0
Total other charges currency NZD

Ross Butler

Currently: Chair - Mercer (N.Z.) Ltd (1 years, 11 months)
Previously: Director Investments (Australia) Limited (current) (10 years, 4 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (16 years, 1 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

Kylie Willment

Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (7 years, 5 months)
Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

Padraig Brown

Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (2 years, 10 months)
Previously: Head of Real Estate Investment Management, Mercer Australia (Pty) Ltd (11 years, 2 months)

David Scobie

Currently: Principal, Investments New Zealand - Mercer (N.Z.) Ltd (1 years, 8 months)
Previously: Principal Advisor, Capital Markets, The Treasury, New Zealand (1 years, 5 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.

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
2025 3.71% 5.54%
2024 14.15% 12.18%
2023 -3.87% -4.26%
2022 1.40% 2.75%
2021 28.16% 24.75%
2020 -3.43% -5.21%
2019 6.75% 5.35%
2018 7.80% 7.73%
2017 9.24% 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 31st March 2025.

Top 10 Investments

  • Fisher & Paykel Healthcare Corporation Limited

    New Zealand Australasian Equities

    3.38%
  • Robeco Global Credit Fund

    Luxembourg Int Fixed Interest

    2.29%
  • First Sentier Investments Global Listed Infrastructure Fund

    New Zealand Other

    2.18%
  • Auckland International Airport Limited

    New Zealand Australasian Equities

    2.11%
  • Infratil Limited

    New Zealand Australasian Equities

    1.8%
  • Apple Inc

    United States International Equities

    1.61%
  • Microsoft Corporation

    United States International Equities

    1.59%
  • Contact Energy Limited

    New Zealand Australasian Equities

    1.52%
  • Nvidia Corporation

    United States International Equities

    1.49%
  • Amazon.Com Inc

    United States International Equities

    1.25%
Type Target Actual
Cash and Cash Equivalents 1.0% 2.68%
New Zealand Fixed Interest 5.0% 5.64%
International Fixed Interest 14.0% 14.62%
Australasian Equities 22.5% 21.75%
International Equities 50.5% 48.06%
Listed Properties 3.5% 3.83%
Unlisted Properties 0.0% 0.0%
Other 3.5% 3.42%
Commodities 0.0% 0.0%

Investment Mix

How the money in this fund is invested by asset type.

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.