Funds
Kiwi Wealth Growth
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:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- Contact Energy Ltd 0.55%
- Nextera Energy Inc 0.41%
- Cheniere Energy Inc 0.14%
- Valero Energy Corp 0.12%
- Dominion Energy Inc 0.10%
- Anglo American PLC 0.08%
- Rwe AG 0.08%
- Centrica PLC 0.07%
- Clearway Energy Inc 0.07%
- Genesis Energy Ltd 0.06%
- Pbf Energy Inc 0.06%
- Williams Cos Inc/The 4.5% 15 Nov 23 15/11/2023 0.06%
- BHP Group Ltd 0.04%
- Iberdrola SA 0.04%
- Sempra Energy 0.04%
- ; Ptt Global Chemical Pcl 0.03%
- Ameren Corp 0.03%
- Delek US Holdings Inc 0.03%
- Marubeni Corp 0.03%
- Atco Ltd/Canada 0.02%
- Itochu Corp 0.02%
- Kinder Morgan Inc/De 0.02%
- Kunlun Energy Co Ltd 0.02%
- Mitsubishi Corp 0.02%
- Pembina Pipeline Corp 0.02%
- Tc Energy Corp 0.02%
- Contact Energy Ltd 4.63% 15 Nov 22 15/11/2022 0.01%
- Evergy Inc 0.01%
- Williams Cos Inc/The 0.01%
Weapons
- Amphenol Corp 0.31%
- Walmart Inc 0.18%
- Dick'S Sporting Goods Inc 0.09%
- Howmet Aerospace Inc 5.9% 01 Feb 27 1/2/2027 0.04%
- Transdigm Inc 6.25% 15 Mar 26 15/3/2026 0.02%
Tobacco
- Alimentation Couche-Tard Inc 0.14%
Gambling
- Skycity Entertainment Group Ltd 0.24%
- Vici Properties Inc 0.18%
- Aristocrat Leisure Ltd 0.11%
- Skycity Entertainment Group Ltd 3.02% 21 May 27 21/5/2027 0.04%
- Sands China Ltd 0.01%
Alcohol
- Constellation Brands Inc 4.35% 09 May 27 9/5/2027 0.07%
- Diageo PLC 0.05%
- Pernod Ricard SA 0.05%
- Kirin Holdings Co Ltd 0.04%
- Carlsberg A/S 0.03%
- Constellation Brands Inc 0.03%
- Diageo Capital Bv 1.5% 08 Jun 29 8/6/2029 0.02%
- Metcash Ltd 0.02%
- Treasury Wine Estates Ltd 0.02%
- Asahi Group Holdings Ltd 0.01%
Human Rights & Environmental Violations
- Thermo Fisher Scientific Inc 0.76%
- Nestle SA 0.47%
- Johnson & Johnson 0.46%
- Meta Platforms Inc 0.34%
- Uber Technologies Inc 0.14%
- Li Ning Co Ltd 0.11%
- Wells Fargo & Co 0.10%
- Johnson & Johnson 0.65% 20 May 24 20/5/2024 0.08%
- Mattel Inc 5.875% 15 Dec 27 15/12/2027 0.07%
- Chemours Co/The 0.06%
- Meta Platforms Inc 3.5% 15 Aug 27 15/8/2027 0.06%
- Nestle Holdings Inc 4.125% 01 Oct 27 1/10/2027 0.06%
- Wells Fargo & Co 3.75% 24 Jan 24 24/1/2024 0.05%
- BHP Group Ltd 0.04%
- Nestle Holdings Inc 1% 15 Sep 27 15/9/2027 0.04%
- Chemours Co/The 5.375% 15 May 27 15/5/2027 0.03%
- Rio Tinto PLC 0.03%
- Evergreen Marine Corp Taiwan Ltd 0.02%
- Johnson & Johnson 0.55% 01 Sep 25 1/9/2025 0.02%
- Motorola Solutions Inc 0.02%
- Nutrien Ltd 0.02%
- Rio Tinto Ltd 0.02%
- Uber Technologies Inc 8% 01 Nov 26 1/11/2026 0.02%
Animal Cruelty
- LVMH Moet Hennessy Louis Vuitton Se 1.12%
- Procter & Gamble Co/The 0.74%
- Nestle SA 0.47%
- L'Oreal SA 0.38%
- Pepsico Inc 0.36%
- Koninklijke Ahold Delhaize Nv 0.25%
- Hermes International 0.24%
- Estee Lauder Cos Inc/The 0.23%
- Mondelez International Inc 0.21%
- Coca-Cola Co/The 0.11%
- Pilgrim'S Pride Corp 5.875% 30 Sep 27 30/9/2027 0.11%
- General Mills Inc 0.10%
- Ashland Global Holdings Inc 0.09%
- Cie Financiere Richemont SA 0.09%
- Unilever Capital Corp 2.9% 05 May 27 5/5/2027 0.09%
- Constellation Brands Inc 4.35% 09 May 27 9/5/2027 0.07%
- Mowi Asa 0.07%
- Chemours Co/The 0.06%
- Cj Cheiljedang Corp 0.06%
- Darling Ingredients Inc 5.25% 15 Apr 27 15/4/2027 0.06%
- Nestle Holdings Inc 4.125% 01 Oct 27 1/10/2027 0.06%
- Air Liquide Finance SA 2.5% 27 Sep 26 27/9/2026 0.05%
- Air Liquide SA 0.04%
- Nestle Holdings Inc 1% 15 Sep 27 15/9/2027 0.04%
- Chemours Co/The 5.375% 15 May 27 15/5/2027 0.03%
- Chr Hansen Holding A/S 0.03%
- Colgate-Palmolive Co 0.03%
- Constellation Brands Inc 0.03%
- Kering SA 0.03%
- Kimberly-Clark Corp 0.03%
- Kraft Heinz Foods Co 3.875% 15 May 27 15/5/2027 0.03%
- PPG Industries Inc 0.03%
- Petronas Chemicals Group Bhd 0.03%
- Procter & Gamble Co/The 1.125% 02 Nov 23 2/11/2023 0.03%
- Procter & Gamble Co/The 2.8% 25 Mar 27 25/3/2027 0.03%
- Ptt Global Chemical Pcl 0.03%
- Akzo Nobel Nv 0.02%
- Daikin Industries Ltd 0.02%
- Danone SA 0.02%
- Dupont De Nemours Inc 0.02%
- Eastman Chemical Co 0.02%
- Koninklijke Dsm Nv 0.02%
- Mitsubishi Corp 0.02%
- Nutrien Ltd 0.02%
- Pilgrim'S Pride Corp 0.02%
- Sgs SA 0.02%
- Tesco PLC 0.02%
- Unilever PLC 0.02%
- Asahi Group Holdings Ltd 0.01%
- China Feihe Ltd 0.01%
- Denso Corp 0.01%
- Kao Corp 0.01%
- Mosaic Co/The 0.01%
- Nippon Paint Holdings Co Ltd 0.01%
- Ping An Insurance Group Co Of China Ltd 0.01%
- Taiwan Fertilizer Co Ltd 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 30th Sept. 2022 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
In their own words
The Growth Fund is invested up to 90% in shares and other growth assets, with the remainder invested in fixed interest and cash assets. Its objective is to exceed the returns you would receive from investing 80% of your funds in shares and 20% of your funds in fixed interest assets through active asset allocation and active selection of shares, fixed interest and cash assets.
| Value | $2.1B NZD |
| Period of data report | 31st Dec. 2022 |
| Members | 69,887 |
| Fund started | 1st Oct. 2007 |
| Total annual fund fees | 1.12% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.0% |
| Other management and administration charges | 0.12% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Steffan Berridge |
Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (1 years, 1 months) |
|
Diana Gordon |
Currently: Deputy Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (0 years, 6 months) |
|
Nathan Field |
Currently: Head of Thematic Equities - Kiwi Wealth Investments Limited Partnership (12 years, 7 months) |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.
Investment Exclusions
Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).
Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.
| Issue of concern | Does this fund say it excludes this? | Actual holdings |
|---|---|---|
| Adult Entertainment /Pornography | 0.00% | |
| Alcohol | 0.37% | |
| Animal Cruelty | 5.89% | |
| Fossil Fuels | 2.30% | |
| Gambling | 0.59% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 3.03% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.14% | |
| Weapons | 0.65% |
This data is compiled by Mindful Money from the fund information and portfolios
that each KiwiSaver fund has
filed with the Disclose register to 30th Sept. 2022 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.
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. Similarly Mindful Money uses a broader scope for fossil fuels
than the government’s rules for default KiwiSaver funds. The full definitions
used in the Mindful Money analysis are here.
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 |
|---|---|---|
| 2022 | 1.87% | 5.35% |
| 2021 | 27.41% | 30.99% |
| 2020 | -3.40% | -3.47% |
| 2019 | 6.95% | 4.71% |
| 2018 | 7.80% | 10.79% |
| 2017 | 9.24% | 9.94% |
| 2016 | 3.62% | -3.55% |
| 2015 | 13.73% | 21.77% |
| 2014 | 8.43% | 17.34% |
| 2013 | 12.00% | 9.89% |
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 Dec. 2022.
Top 10 Investments
-
Microsoft Corp
United States International Equities3.25% -
Apple Inc
United States International Equities2.77% -
Westpac NZD Account
New Zealand Cash and Equivalents AA-1.78% -
Gmo Systematic Global Macro Trust
Australia Other1.76% -
Plato Global Macro Equity Fund
Australia Other1.72% -
Alphabet Inc
United States International Equities1.45% -
Unitedhealth Group Inc
United States International Equities1.19% -
Fisher & Paykel Healthcare Corp Ltd
New Zealand Australasian Equities1.17% -
LVMH Moet Hennessy Louis Vuitton Se
France International Equities1.08% -
Spark New Zealand Ltd
New Zealand Australasian Equities1.05%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 2.34% |
| New Zealand Fixed Interest | 15.0% | 3.98% |
| International Fixed Interest | 0.0% | 9.28% |
| Australasian Equities | 12.0% | 12.63% |
| International Equities | 68.0% | 64.12% |
| Listed Properties | 0.0% | 2.87% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 4.78% |
| Commodities | 0.0% | 0.0% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.