BNZ KiwiSaver Growth Fund

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Type: Growth fund
Past Returns: 5.16%

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

Annual Fees: 0.63%

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

Exxon Mobil Corp 0.20%
Chevron Corporation 0.17%
Nextera Energy Inc 0.14%
Total Sa 0.11%
Royal Dutch Shell Plc-A Shs 0.09%
Royal Dutch Shell Plc - B Shs 0.08%
Enbridge Inc 0.07%
Dominion Energy Inc 0.07%
Xcel Energy Inc 0.04%
Conocophillips 0.04%
BHP Group Plc 0.04%
Eog Resources Inc 0.03%
Phillips 66 0.03%
Anglo American Plc 0.03%
Firstenergy Corp 0.03%
Wec Energy Group Inc 0.03%
Kinder Morgan Inc/De 0.03%
Gazprom Ord Shs 0.03%
Lukoil Pjsc 0.03%
Eni Spa 0.03%
Petroleo Brasileiro Sa Petrobras 0.03%
China Petroleum & Chemical - H 0.02%
Williams Companies Inc 0.02%
Pioneer Natural Resources Co 0.02%
Ptt Pcl - Foreign 0.02%
Marathon Petroleum Corp 0.02%
Neste Oyj 0.02%
Dte Energy Co 0.02%
Glencore Plc 0.02%
Valero Energy Corp 0.02%
Rwe Ag 0.02%
Cnooc Ltd 0.02%
Cms Energy Corp 0.02%
Engie Sa 0.02%
Abu Dhabi National Energy Co Pjsc 3.625 12/01/2023 0.01%
Bp Capital Markets Plc 0.831% 08/11/2027 0.01%
Anglo American Capital Plc 4.125 15/04/2021 0.01%
Perusahaan Listrik Negara Pt 4.125 15/05/2027 0.01%
Inpex Corp 0.01%
Idemitsu Kosan Co Ltd 0.01%
Enagas Sa 0.01%
Perusahaan Listrik Negara Pt 6.25 25/01/2049 0.01%
Tatneft Pjsc 0.01%
Gazprom (Gaz Capital Sa) 5.150 11/02/2026 0.01%
Cnooc Finance 2013 Ltd 2.875 30/09/2029 0.01%
Bp Capital Markets America Inc 2.75 10/05/2023 0.01%
Diamondback Energy Inc 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Galp Energia Sgps Sa 0.01%
Tatneft Pjsc - Pref 0.01%
Bp Capital Markets America Inc 3.937 21/09/2028 0.01%
Nk Rosneft Ord Shs 0.01%
Oneok Inc 0.01%
Pembina Pipeline Corp 0.01%
Tenaga Nasional Bhd 0.01%
Aes Corp 0.01%
Repsol Sa 0.01%
Equinor Asa 0.01%
Alliant Energy Corp 0.01%
Snam Spa 0.01%
Occidental Petroleum Corp 0.01%
Jxtg Holdings Inc 0.01%
Hess Corp 0.01%
Petrochina Co Ltd-H 0.01%
Cheniere Energy Inc 0.01%
Nrg Energy Inc 0.01%
Cabot Oil & Gas Corp 0.01%
Concho Resources Inc 0.01%
Metro Inc 0.01%
Marubeni Corp 0.01%
Sinopec Group Overseas Development 2013 Ltd 5.375 17/10/2043 0.01%

Weapons

Transdigm Group Inc 0.02%
Elbit Systems Ltd 0.01%
Teledyne Technologies Inc 0.01%
Mitsubishi Heavy Industries Ltd 0.01%
Heico Corp 0.01%

Gambling

Aristocrat Leisure Ltd 0.09%
Sky City Entertainment Group 0.05%
Las Vegas Sands Corp 0.02%
Galaxy Entertainment Group Ltd 0.02%
Wynn Resorts Ltd 0.01%
Mgm Resorts International 0.01%
Sands China Ltd 0.01%

Alcohol

Lvmh Moet Hennessy Louis Vui 0.11%
Diageo Plc 0.09%
Delegat Group Ltd 0.05%
Pernod Ricard Sa 0.04%
Anheuser-Busch Inbev Nv 0.04%
Constellation Brands Inc-A 0.03%
Carlsberg A/S 0.02%
Asahi Group Holdings Ltd 0.02%
Heineken Nv 0.02%
Brown-Forman Corp-Class B 0.02%
Kirin Holdings Co Ltd 0.02%
Want Want China Holdings Ltd 0.01%
Kweichow Moutai Co Ltd-A 0.01%
Ambev Sa 0.01%
Molson Coors Brewing Co -B 0.01%
China Resources Beer Holdings Co Ltd 0.01%
Anheuser-Busch Inbev Sa/ 2.250 05/24/29 Mtn 0.01%
Heineken Holdings Nv 0.01%

Palm Oil

Posco 2.75 15/07/2024 0.01%
Astra International Tbk Pt 0.01%
Sime Darby Plantation Bhd 0.01%
Posco 0.01%

GMOs

Novartis Ag 0.21%
Bayer Ag-Reg 0.07%
Basf Se 0.05%
Nutrien Ltd 0.03%
Du Pont De Nemours 0.03%
Novozymes A/S 0.01%

Human Rights & Environmental Violations

Johnson & Johnson 0.43%
Nestle Sa-Reg 0.37%
Chevron Corporation 0.17%
Royal Dutch Shell Plc-A Shs 0.09%
Royal Dutch Shell Plc - B Shs 0.08%
Duke Energy Corp 0.07%
Rio Tinto Plc 0.06%
Vale Sa 0.04%
BHP Group Plc 0.04%
Sempra Energy 0.04%
Barrick Gold Corp 0.04%
Nutrien Ltd 0.03%
Petroleo Brasileiro Sa Petrobras 0.03%
Glencore Plc 0.02%
Essity Aktiebolag-B 0.02%
Archer-Daniels-Midland Co 0.02%
Posco 2.75 15/07/2024 0.01%
Astra International Tbk Pt 0.01%
Grupo Mexico Sab De Cv 0.01%
Nestle Holdings Inc 3.625 24/09/2028 0.01%
Tokyo Electric Power Company Holdings Inc 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Nestle Holdings Inc 4.000 24/09/2048 0.01%
Elbit Systems Ltd 0.01%
Freeport - Mcmoran Copper 0.01%
Posco 0.01%
Petrochina Co Ltd-H 0.01%

Animal Testing

Johnson & Johnson 0.430%
Nestle Sa-Reg 0.370%
Procter and Gamble Co/The 0.330%
Pepsico Inc 0.210%
Coca-Cola Co/The 0.210%
Chevron Corporation 0.170%
Glaxosmithkline Plc 0.110%
Lvmh Moet Hennessy Louis Vui 0.110%
Royal Dutch Shell Plc-A Shs 0.090%
L'Oreal Sa 0.080%
Royal Dutch Shell Plc - B Shs 0.080%
Unilever Nv-Cva 0.080%
Air Liquide Sa 0.070%
Unilever Plc 0.070%
Colgate-Palmolive Co 0.070%
Bayer Ag-Reg 0.070%
Air Products and Chemicals Inc. 0.060%
Reckitt Benckiser Group Plc 0.060%
Kimberly-Clark Corp 0.060%
Ecolab Inc 0.050%
Danone 0.050%
Kao Corporation 0.050%
Basf Se 0.050%
Givaudan Sa 0.040%
Walgreens Boots Alliance Inc 0.040%
Estee Lauder Cos Inc/The 0.040%
General Mills Inc 0.040%
Henkel Ag & Co Kgaa 0.030%
Clorox Company 0.030%
Shiseido Co Ltd 0.030%
Ppg Industries Inc 0.030%
Du Pont De Nemours 0.030%
Tesco Plc 0.030%
Akzo Nobel Nv 0.020%
Essity Aktiebolag-B 0.020%
Koninklijke Dsm Nv 0.020%
Archer-Daniels-Midland Co 0.020%
Kraft Heinz Co/The 0.020%
Church & Dwight Co Inc 0.020%
Reckitt Benckiser Tsy 2.75% 26/06/2024 0.010%
Svenska Cellulosa Ab Sca 0.010%
Nestle Holdings Inc 3.625 24/09/2028 0.010%
Coca-Cola Hbc Ag-Cdi 0.010%
Tesco Corporate Treasury Services Plc 1.375 24/10/2023 0.010%
Bayer US Finance Ii Llc 4.25% 15/12/2025 0.010%
Tesco Property Finance 1 Plc 7.6227 13/07/2039 0.010%
Amorepacific Corp 0.010%
Arkema Sa 0.010%
Jeronimo Martins Sgps Sa 0.010%
Shell International Finance Bv 4.375 11/05/2045 0.010%
Coca-Cola European Partners Plc 0.010%
Nestle Holdings Inc 4.000 24/09/2048 0.010%
Johnson Matthey Plc. 0.010%
Beiersdorf Ag 0.010%
Fmc Corp 0.010%
Novozymes A/S 0.010%
Croda International Plc 0.010%
Burberry Group Plc 0.010%
Albemarle Corp 0.010%
Chr Hansen Holding A/S 0.010%
Kikkoman Corp 0.010%
Associated British Foods Plc 0.010%
Cabot Oil & Gas Corp 0.010%

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 FND519
Name BNZ KiwiSaver Growth Fund
Risk profile Growth fund
Description The Growth Fund invests primarily in growth assets which generally have higher levels of risk with the potential for higher returns. It also has a modest allocation to income assets which generally have lower levels of risk and return. It aims to achieve higher returns over the long term.
Value $710M NZD
Members 44,244
Market index description based on a composite index made up of related market indices that represent the target investment mix (including currency hedging where relevant)
Period of data report Tue June 30th 2020
Fund started Mon Feb. 11th 2013
Three-year average return 5.16%
Market index past year return 6.61%
Past year return net of charges and tax 6.28%
Past year return net of charges gross of tax 7.21%
Market index return since fund started 10.29%
Return since fund started net 7.96%
Total annual fund fees 0.63%
Total performance based fees 0.0%
Manager's basic fee 0.63%
Administration charges 0.0%
Total other charges 1.95
Total other charges currency NZD

Key Personnel

  • Christine Yates

    Currently: Director, BNZ Investment Services Limited (0 years, 8 months)
    Previously: Chief Customer Officer, Private Wealth and Insurances, BNZ (current position) (1 years, 4 months)

  • Christine Yates

    Currently: Director, BNZ Investment Services Limited (0 years, 8 months)
    Previously: Chief Customer Officer, Private Wealth and Insurances, BNZ (current position) (1 years, 4 months)

  • Christine Yates

    Currently: Director, BNZ Investment Services Limited (0 years, 8 months)
    Previously: Chief Customer Officer, Private Wealth and Insurances, BNZ (current position) (1 years, 4 months)

  • Christine Yates

    Currently: Director, BNZ Investment Services Limited (0 years, 8 months)
    Previously: Chief Customer Officer, Private Wealth and Insurances, BNZ (current position) (1 years, 4 months)

  • Christine Yates

    Currently: Director, BNZ Investment Services Limited (0 years, 8 months)
    Previously: Chief Customer Officer, Private Wealth and Insurances, BNZ (current position) (1 years, 4 months)

  • Christine Yates

    Currently: Director, BNZ Investment Services Limited (0 years, 8 months)
    Previously: Chief Customer Officer, Private Wealth and Insurances, BNZ (current position) (1 years, 4 months)

  • Hayley Cassidy

    Currently: Director, BNZ Investment Services Limited (1 years, 2 months)
    Previously: Chief General Counsel, BNZ (current position) (1 years, 3 months)

  • Hayley Cassidy

    Currently: Director, BNZ Investment Services Limited (1 years, 2 months)
    Previously: Chief General Counsel, BNZ (current position) (1 years, 3 months)

  • Hayley Cassidy

    Currently: Director, BNZ Investment Services Limited (1 years, 2 months)
    Previously: Chief General Counsel, BNZ (current position) (1 years, 3 months)

  • Hayley Cassidy

    Currently: Director, BNZ Investment Services Limited (1 years, 2 months)
    Previously: Chief General Counsel, BNZ (current position) (1 years, 3 months)

  • Hayley Cassidy

    Currently: Director, BNZ Investment Services Limited (1 years, 2 months)
    Previously: Chief General Counsel, BNZ (current position) (1 years, 3 months)

  • Hayley Cassidy

    Currently: Director, BNZ Investment Services Limited (1 years, 2 months)
    Previously: Chief General Counsel, BNZ (current position) (1 years, 3 months)

  • Paul Richardson

    Currently: Director, BNZ Investment Services Limited (0 years, 7 months)
    Previously: Chief Investment Officer/Executive Director, Mint Asset Management Limited (4 years, 8 months)

  • Paul Richardson

    Currently: Director, BNZ Investment Services Limited (0 years, 7 months)
    Previously: Chief Investment Officer/Executive Director, Mint Asset Management Limited (4 years, 8 months)

  • Paul Richardson

    Currently: Director, BNZ Investment Services Limited (0 years, 7 months)
    Previously: Chief Investment Officer/Executive Director, Mint Asset Management Limited (4 years, 8 months)

  • Paul Richardson

    Currently: Director, BNZ Investment Services Limited (0 years, 7 months)
    Previously: Chief Investment Officer/Executive Director, Mint Asset Management Limited (4 years, 8 months)

  • Paul Richardson

    Currently: Director, BNZ Investment Services Limited (0 years, 7 months)
    Previously: Chief Investment Officer/Executive Director, Mint Asset Management Limited (4 years, 8 months)

  • Paul Richardson

    Currently: Director, BNZ Investment Services Limited (0 years, 7 months)
    Previously: Chief Investment Officer/Executive Director, Mint Asset Management Limited (4 years, 8 months)

  • Richard Ansell

    Currently: Director, BNZ Investment Services Limited (1 years, 4 months)
    Previously: Chair, BNZ Investment Review Committee (0 years, 10 months)

  • Richard Ansell

    Currently: Director, BNZ Investment Services Limited (1 years, 4 months)
    Previously: Chair, BNZ Investment Review Committee (0 years, 10 months)

  • Richard Ansell

    Currently: Director, BNZ Investment Services Limited (1 years, 4 months)
    Previously: Chair, BNZ Investment Review Committee (0 years, 10 months)

  • Richard Ansell

    Currently: Director, BNZ Investment Services Limited (1 years, 4 months)
    Previously: Chair, BNZ Investment Review Committee (0 years, 10 months)

  • Richard Ansell

    Currently: Director, BNZ Investment Services Limited (1 years, 4 months)
    Previously: Chair, BNZ Investment Review Committee (0 years, 10 months)

  • Richard Ansell

    Currently: Director, BNZ Investment Services Limited (1 years, 4 months)
    Previously: Chair, BNZ Investment Review Committee (0 years, 10 months)

  • Richard Morath

    Currently: Director, BNZ Investment Services Limited (7 years, 0 months)
    Previously: Non-Executive Director, BNZ Life Insurance Limited (current position) (16 years, 7 months)

  • Richard Morath

    Currently: Director, BNZ Investment Services Limited (7 years, 0 months)
    Previously: Non-Executive Director, BNZ Life Insurance Limited (current position) (16 years, 7 months)

  • Richard Morath

    Currently: Director, BNZ Investment Services Limited (7 years, 0 months)
    Previously: Non-Executive Director, BNZ Life Insurance Limited (current position) (16 years, 7 months)

  • Richard Morath

    Currently: Director, BNZ Investment Services Limited (7 years, 0 months)
    Previously: Non-Executive Director, BNZ Life Insurance Limited (current position) (16 years, 7 months)

  • Richard Morath

    Currently: Director, BNZ Investment Services Limited (7 years, 0 months)
    Previously: Non-Executive Director, BNZ Life Insurance Limited (current position) (16 years, 7 months)

  • Richard Morath

    Currently: Director, BNZ Investment Services Limited (7 years, 0 months)
    Previously: Non-Executive Director, BNZ Life Insurance Limited (current position) (16 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% 0.11%
2019 6.87% 6.62%
2018 7.63% 8.74%
2017 8.87% 11.03%
2016 3.62% 0.86%
2015 13.73% 12.28%
2014 8.43% 9.84%

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:

  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    4.28%
  • A2 Milk Company Ltd
    New Zealand Australasian Equities
    3.68%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    2.26%
  • Microsoft Corporation
    United States International Equities
    1.63%
  • Apple Inc
    United States International Equities
    1.59%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    1.49%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    1.42%
  • Amazon.Com Inc
    United States International Equities
    1.25%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.23%
  • Infratil Ltd
    New Zealand Australasian Equities
    1.07%

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 5.0% 5.68%
New Zealand Fixed Interest 6.0% 3.8%
International Fixed Interest 19.0% 15.47%
Australasian Equities 24.0% 25.55%
International Equities 46.0% 49.5%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

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 concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.53%
  • Animal Testing:
    3.63%
  • Fossil Fuels:
    1.98%
  • Gambling:
    0.21%
  • GMOs:
    0.40%
  • Human Rights & Environmental Violations:
    1.66%
  • Palm Oil:
    0.04%
  • Tobacco:
    0.00%
  • Weapons:
    0.06%

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: "The Growth Fund invests primarily in growth assets which generally have higher levels of risk with the potential for higher returns. It also has a modest allocation to income assets which generally have lower levels of risk and return. It aims to achieve higher returns over the long term."

Download the fund's disclosure statement and portfolio holdings.

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.