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

    • Meta Platforms Inc-Class A 1.77%
    • Caterpillar Inc 0.90%
    • Johnson & Johnson 0.88%
    • Thermo Fisher Scientific Inc 0.10%
    • Wells Fargo & Co 0.04%
    • Motorola Solutions Inc 0.03%
    • Uber Technologies Inc 0.03%
    • Ubs Group AG-Reg 0.02%
    • Palantir Technologies Inc-A 0.01%
    • BHP Group Ltd 0.27% !!
      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
    • P G & E Corp 0.08%
    • Corteva Inc 0.02%
    • 3M Co 0.01%
    • Procter & Gamble Co/The 1.06%
    • L'Oreal 0.62%
    • Sherwin-Williams Co 0.08%
    • Unilever PLC-Sponsored Adr 0.06%
    • Colgate-Palmolive Co 0.04%
    • Hermes International 0.04%
    • Shin-Etsu Chemical Co Ltd 0.04%
    • Ecolab Inc 0.03%
    • Estee Lauder Companies-Cl A 0.03%
    • Givaudan-Reg 0.03%
    • Rpm International Inc 0.03%
    • Corteva Inc 0.02%
    • Coty Inc 0.02%
    • Dupont De Nemours Inc 0.02%
    • Intl Flavors & Fragrances 0.02%
    • Kering 0.02%
    • Koninklijke Ahold Delhaize N 0.02%
    • PPG Industries Inc 0.02%
    • Tapestry Inc 0.02%
    • 3M Co 0.01%
    • Akzo Nobel N.V. 0.01%
    • Albemarle Corp 0.01%
    • Celanese Corp 0.01%
    • Church & Dwight Co Inc 0.01%
    • Clorox Company 0.01%
    • Covestro AG 0.01%
    • Dcc PLC 0.01%
    • Element Solutions Inc 0.01%
    • Mosaic Co 0.01%
    • Sherwin-Williams Co/The 0.01%
    • Walmart Inc 1.00%
    • Transdigm Group Inc 0.04%
    • Booz Allen Hamilton Holdings 0.03%
    • Amphenol Corp 0.02%
    • Caci International Inc -Cl A 0.02%
    • Dick's Sporting Goods Inc 0.02%
    • Teledyne Technologies Inc 0.02%
    • Daikin Industries Ltd 0.01%
    • Howmet Aerospace Inc 0.01%
    • Itt Inc 0.01%
    • Mueller Industries Inc 0.01%
    • Oshkosh Corp 0.01%
    • Rbc Bearings Inc 0.01%
    • Science Applications International Corp. 0.01%
    • Woodward Inc 0.01%
    • Contact Energy Ltd 1.53% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.27% !!
      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
    • Enbridge Inc 0.23% !!
      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
    • Marathon Petroleum Corp 0.15%
    • National Grid PLC 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
    • Consolidated Edison Inc 0.12%
    • Oneok Inc 0.12%
    • Valero Energy Corp 0.12%
    • Tc Energy Corp 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
    • Williams Cos Inc 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
    • Sempra Energy 0.10% !!
      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
    • Cheniere Energy Inc 0.09% !!
      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
    • Kinder Morgan Inc 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
    • P G & E Corp 0.08%
    • Phillips 66 Co 0.08%
    • Targa Resources Corp 0.06%
    • Atmos Energy Corp 0.05%
    • Fortis 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
    • Iberdrola SA 0.05% 1.5°C
      This company is on a 1.5°C pathway
    • Pembina Pipeline 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
    • Centerpoint Energy Inc 0.04%
    • Halliburton Co 0.04%
    • Fairfax Financial Hldgs Ltd 0.03%
    • Nisource Inc 0.03%
    • Snam Spa 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
    • Tokyo Gas Co Ltd 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
    • Apa Group 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
    • Chubu Electric Power Co Inc 0.02%
    • Constellation Energy 0.02%
    • Edp-Energias De Portugal SA 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Enn Energy Holdings Ltd 0.02%
    • Hf Sinclair Corp 0.02%
    • Hong Kong & China Gas 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
    • Keyera Corp 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
    • Texas Pacific Land Corp 0.02%
    • Antero Midstream Corp 0.01%
    • Brookfield Infrastructure-A 0.01%
    • Dassault Systemes 0.01%
    • Dt Midstream Inc 0.01%
    • E.On Se 0.01%
    • Enel Spa 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Jefferies Financial Group In 0.01%
    • National Grid PLC-Sp Adr 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
    • Naturgy Energy Group SA 0.01%
    • Neste Oyj 0.01%
    • Parkland Corp 0.01%
    • Phillips 66 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

This life cycle investment stage is 100% invested in the Lifestages High Growth Fund, which is regarded as providing appropriate levels of risk and return for a person aged 0-49.

Value $111M NZD
Period of data report 30th June 2024
Members 5,594
Fund started 14th Oct. 2015
Total annual fund fees 1.16%
Total performance based fees 0.0%
Manager's basic fee 0.8%
Other management and administration charges 0.36%
Total other charges 0.0
Total other charges currency NZD

Phil Ellison

Currently: Non-executive Director / Investment Committee member (1 years, 11 months)
Previously: Founder and CEO, Finance Now Ltd (22 years, 1 months)

Martin Pike

Currently: Chief Investment Officer (8 years, 9 months)
Previously: National Manager, Investment Product & Services, AMP Financial Services (2 years, 4 months)

Morne Redgard

Currently: Chief Executive Officer, Funds Adminstration New Zealand (1 years, 1 months)
Previously: Chief Customer Officer, Kiwi Wealth Ltd (1 years, 8 months)

Mike Skilling

Currently: Non-executive Director / Investment Committee chairperson (8 years, 1 months)
Previously: GM Business Financial Services & Private Banking, BNZ (8 years, 0 months)

Derek Young

Currently: Chief Operating Officer (0 years, 11 months)
Previously: Executive Director, Funds Administration New Zealand Ltd (19 years, 1 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 14.19% 21.0%
2023 -4.84% -3.02%
2022 3.55% 3.38%
2021 33.87% 32.78%
2020 -6.10% -8.29%
2019 10.35% 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 30th June 2024.

Top 10 Investments

  • Dimensional Global Sustainability PIE Fund (NZD Hedged)
    New Zealand International Equities
    34.2%
  • Schroder Global Emerging Markets Fund
    Australia International Equities
    4.88%
  • Dimensional Australian Sustainability PIE Fund
    New Zealand Australasian Equities
    4.58%
  • Kernel Global Infrastructure (NZD Hedged) Fund
    New Zealand Other
    2.98%
  • Cash Deposit (ANZ Bank)
    New Zealand Cash and Equivalents
    2.48%
  • Fisher & Paykel Healthcare Corp Ltd
    New Zealand Australasian Equities
    1.94%
  • Nvidia Corp
    United States International Equities
    1.66%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    1.63%
  • Ishares Digitalisation Ucits ETF USD
    Ireland International Equities
    1.62%
  • Infratil Limited
    New Zealand Australasian Equities
    1.56%
Type Target Actual
Cash and Cash Equivalents 2.0% 2.89%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 26.0% 23.2%
International Equities 72.0% 69.63%
Listed Properties 0.0% 1.3%
Unlisted Properties 0.0% 0.0%
Other 0.0% 2.98%
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.