Kiwi Wealth Growth

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Mindful Fund
Type: Growth fund
Past Returns: 10.74%

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

Annual Fees: 1.11%

Annual fees, including management and administration fees, but not membership 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

Aker BP Asa - 4.75% 15 Jun 24 15/6/2024 0.04%
Anglo American PLC 0.01%
BHP Group Ltd 0.03%
BHP Group PLC 0.02%
Canadian Natural Resources Ltd 0.01%
Cheniere Energy Inc 0.01%
Chevron Corp 0.06%
Coca-Cola Co/The 0.09%
Conocophillips 0.03%
Enbridge Inc 0.02%
Eog Resources Inc 0.13%
Exxon Mobil Corp 0.03%
Genesis Energy Ltd 0.04%
Itochu Corp 0.02%
Kinder Morgan Inc/De 0.01%
Lukoil PJSC 0.03%
Mitsubishi Corp 0.02%
Neste Oyj 0.04%
Nippon Yusen Kk 0.04%
OMV AG 0.04%
Phillips 66 0.01%
Pioneer Natural Resources Co 0.04%
Posco 0.02%
Royal Dutch Shell PLC 0.03%
Sk Innovation Co Ltd 0.01%
Snam Spa 0.02%
Suncor Energy Inc 0.01%
Tc Energy Corp 0.01%
Total Capital International SA - 2.75% 19 Jun 21 19/6/2021 0.02%
Total SA 0.04%
Williams Cos Inc/The 0.06%
Williams Cos Inc/The - 4.5% 15 Nov 23 15/11/2023 0.06%

Weapons

Airbus Se 0.02%
Amphenol Corp 0.26%
Boeing Co/The 0.01%
Booz Allen Hamilton Holding Corp 0.13%
Canadian Tire Corp Ltd 0.10%
Embraer SA 0.03%
L3Harris Technologies Inc 0.10%
Raytheon Technologies Corp 0.06%
Safran SA 0.03%
Teledyne Technologies Inc 0.28%
Thales SA 0.01%

Tobacco

Alimentation Couche-Tard Inc 0.02%
Seven & I Holdings Co Ltd 0.02%

Gambling

Evolution Gaming Group Ab 0.10%
Skycity Entertainment Group Ltd 0.05%
Vici Properties Inc 0.01%
William Hill PLC - 4.875% 07 Sep 23 7/9/2023 0.04%

Alcohol

Ambev SA-Adr 0.07%
Asahi Group Holdings Ltd 0.01%
Brown-Forman Corp 0.08%
Carlsberg A/S 0.07%
Constellation Brands Inc 0.24%
Diageo PLC 0.04%
Heineken Nv 0.01%
Kweichow Moutai Co Ltd 0.01%
LVMH Moet Hennessy Louis Vuitton Se 0.59%
Pernod Ricard SA 0.02%

Palm Oil

Posco 0.02%

GMOs

Corteva Inc 0.15%

Human Rights & Environmental Violations

Archer-Daniels-Midland Co 0.14%
BHP Group Ltd 0.03%
BHP Group PLC 0.02%
Chevron Corp 0.06%
Duke Energy Corp 0.04%
Johnson & Johnson 0.83%
Johnson & Johnson - 0.65% 20 May 24 20/5/2024 0.08%
Nestle Holdings Inc - 1% 15 Sep 27 15/9/2027 0.04%
Nestle SA 0.64%
Posco 0.02%
Rio Tinto Ltd 0.09%
Rio Tinto PLC 0.04%
Royal Dutch Shell PLC 0.03%
Sempra Energy 0.02%

Animal Testing

Air Liquide SA 0.030%
Akzo Nobel Nv 0.020%
Archer-Daniels-Midland Co 0.140%
Arkema SA 0.010%
Asahi Group Holdings Ltd 0.010%
Ashland Global Holdings Inc 0.070%
Avantor Inc 0.060%
Axalta Coating Systems Ltd 0.080%
Basf Se 0.020%
Chevron Corp 0.060%
Coca-Cola Co/The 0.090%
Corteva Inc 0.150%
Dow Inc 0.160%
Dupont De Nemours Inc 0.020%
Eastman Chemical Co 0.030%
Ecolab Inc 0.090%
Estee Lauder Cos Inc/The 0.170%
General Mills Inc 0.130%
Glaxosmithkline PLC 0.080%
Hermes International 0.070%
Hp Inc 0.170%
Johnson & Johnson 0.830%
Johnson & Johnson - 0.65% 20 May 24 20/5/2024 0.080%
Kao Corp 0.010%
Kellogg Co 0.120%
Kimberly-Clark Corp 0.040%
Kraft Heinz Co/The 0.010%
L'Oreal SA 0.490%
LVMH Moet Hennessy Louis Vuitton Se 0.590%
Linde PLC 0.080%
Mondelez International Inc 0.060%
Nestle Holdings Inc - 1% 15 Sep 27 15/9/2027 0.040%
Nestle SA 0.640%
Nissan Chemical Corp 0.050%
Nutrien Ltd 0.010%
PPG Industries Inc 0.040%
Pepsico Inc 0.570%
Procter & Gamble Co/The 0.960%
Procter & Gamble Co/The - 1.125% 02 Nov 23 2/11/2023 0.030%
Ralph Lauren Corp 0.030%
Reckitt Benckiser Group PLC 0.040%
Royal Dutch Shell PLC 0.030%
Seven & I Holdings Co Ltd 0.020%
Sherwin-Williams Co/The 0.150%
Shin-Etsu Chemical Co Ltd 0.070%
Sk Innovation Co Ltd 0.010%
Spectrum Brands Holdings Inc 0.070%
Tate & Lyle PLC 0.020%
Tesco PLC 0.020%
Unilever PLC 0.050%
Yara International Asa 0.050%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed March 31st 2021 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.

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.

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
2021 28.03% 30.99%
2020 -3.79% -3.47%
2019 7.09% 4.71%
2018 8.01% 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%
2012 -1.50% -1.25%

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 Wed June 30th 2021.

Showing the top 10 investments for this fund:

  • Microsoft Corp
    United States International Equities
    2.78%
  • Apple Inc
    United States International Equities
    2.5%
  • Westpac NZD Account
    New Zealand Cash and Equivalents AA-
    2.37%
  • Alphabet Inc
    United States International Equities
    1.89%
  • Amazon.Com Inc
    United States International Equities
    1.86%
  • Two Trees Global Macro Ucits
    Ireland Other
    1.52%
  • Gmo Systematic Global Macro Trust
    Australia Other
    1.5%
  • Facebook Inc
    United States International Equities
    1.2%
  • Isam Systematic Trend Q Sep-19
    United States Other
    0.98%
  • Asml Holding Nv
    Netherlands International Equities
    0.91%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed June 30th 2021.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 2.8%
New Zealand Fixed Interest 10.0% 6.47%
International Fixed Interest 0.0% 5.04%
Australasian Equities 0.0% 6.81%
International Equities 80.0% 72.8%
Listed Properties 0.0% 1.4%
Unlisted Properties 0.0% 0.0%
Other 0.0% 4.68%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed June 30th 2021.

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).

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:
    1.14%
  • Animal Testing:
    6.99%
  • Fossil Fuels:
    1.25%
  • Gambling:
    0.24%
  • GMOs:
    0.15%
  • Human Rights & Environmental Violations:
    2.10%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.04%
  • Weapons:
    1.06%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed March 31st 2021 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 the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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.

In their own words

"The Growth Fund is invested up to 90% in shares and othergrowth assets but will usually have some invested in fixedinterest and cash assets. Its objective is to exceed the returnsyou would receive from investing 80% of your funds in globalshares and 20% of your funds in New Zealand fixed interestassets and cash assets through active asset allocation andactive selection of shares and other growth assets fixedinterest and cash assets. Kiwi Wealth is 100% Kiwi-owned and operated and our team is based right here in New Zealand. We're ultimately owned by the NZ Super Fund, ACC and NZ Post, so our profits stay in New Zealand too. We invest our members’ money in companies that meet our strict environmental, social and governance criteria. For example, we don’t invest in nuclear weapons, tobacco and whaling. Your money not only gets invested in New Zealand but across the globe too, helping to diversify your investment."

Value $2.2B NZD
Period of data report Wed June 30th 2021
Members 67,778
Fund started Mon Oct. 1st 2007
Total annual fund fees 1.11%
Total performance based fees 0.0%
Manager's basic fee 1.01%
Other management and administration charges 0.1%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Simon O'Grady

Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (8 years, 8 months)
Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, 0 months)

Diana Gordon

Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (8 years, 10 months)
Previously: Senior High Yield Portfolio Manager Goldman Sachs Asset Management New York (10 years, 10 months)

Nathan Field

Currently: Head of Thematic Equities - Kiwi Wealth Investments Limited Partnership (11 years, 1 months)
Previously: Senior Equity Analyst - ABN Amro Sydney (4 years, 6 months)

Steffan Berridge

Currently: Head of Quantitative Investment - Kiwi Wealth Investments Limited Partnership (7 years, 9 months)
Previously: Portfolio Manager - Man Group PLC (9 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed June 30th 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

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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.