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

    • Contact Energy Limited 2.58%
    • Channel Infrastructure NZ Limited 0.30%
    • Genesis Energy Ltd 140328 4.17 Gb 0.06%
    • Genesis Energy Ltd 5% 03/04/2025 0.06%
    • SA Global Sukuk Ltd 170631 2.694 Cb 0.04%
    • Contact Energy Ltd 110428 5.82 Cb 0.03%
    • Enterprise Products Operating Llc 150225 3.75 Cb 0.02%
    • Glencore Funding Llc 290424 4.625 Cb 0.01%
    • Total SA 291249 3.369 Cb 0.01%
    • Kbr Inc 1.03%
    • Teledyne Technologies Inc 010424 0.95 Cb 0.01%
    • Aristocrat Leisure Ltd 1.21%
    • Skycity Entertainment Group Limited 1.01%
    • Draftkings Inc 0.13%
    • Nestle SA 1.10%
    • Kbr Inc 1.03%
    • Wells Fargo and Co 300426 2.188 Cb 0.02%
    • Credit Suisse Group AG 120129 3.869 Cb 0.01%
    • Glencore Funding Llc 290424 4.625 Cb 0.01%
    • Meta Platforms Inc 150832 3.85 Cb 0.01%
    • Wells Fargo Commercial Mort Ser 22 C62 Cls A4 150455 Abs 0.01%
    • Coca Cola Co USD 1.15%
    • Nestle SA 1.10%
    • Kerry Group PLC-A 0.87%
    • Keurig Dr Pepper Inc 150926 2.55 Cb 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

The Growth Fund aims to invest across a range of actively managed funds to create a diversified portfolio with a focus on higher risk assets

Value $8.2M NZD
Period of data report 31st Dec. 2022
Members 261
Fund started 3rd April 2018
Total annual fund fees 1.03%
Total performance based fees 0.0%
Manager's basic fee 0.93%
Other management and administration charges 0.1%
Total other charges 30.0
Total other charges currency NZD

George Carter

Currently: Managing Director and Member of Investment Committee (7 years, 2 months)
Previously: Director, Head of Distribution - AMP Capital Investors NZ Ltd (6 years, 4 months)

Fergus Mcdonald

Currently: Head of Bonds and Currency and Member of Investment Committee (22 years, 6 months)
Previously: NZ Fixed Interest Portfolio Manager - Tyndall Investment Management NZ Ltd (10 years, 5 months)

Stuart Williams

Currently: Head of Equities and Member of Investment Committee (8 years, 5 months)
Previously: Portfolio Manager - OnePath (NZ) Limited (1 years, 7 months)

James Wesley

Currently: Head of Distribution and Member of Investment Committee (9 years, 1 months)
Previously: Head of Australia - Wholesale - Threadneedle Investments (3 years, 0 months)

James Rogers

Currently: Chief Operating Officer and Member of Investment Committee (5 years, 9 months)
Previously: Senior Project Manager - Nikko Asset Management New Zealand Limited (0 years, 4 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 0.02%
Animal Cruelty 3.17%
Fossil Fuels 3.24%
Gambling 2.36%
GMOs 0.00%
Human Rights & Environmental Violations 2.30%
Palm Oil 0.00%
Tobacco 0.00%
Weapons 1.04%

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% -1.4%
2021 27.41% 31.31%
2020 -3.40% -4.1%
2019 6.95% 4.33%

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

  • Jpm Multi Manager Alternatives
    United States Other
    5.1%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    3.21%
  • Infratil Limited
    New Zealand Australasian Equities
    3.06%
  • Fisher & Paykel Healthcare
    New Zealand Australasian Equities
    2.72%
  • Contact Energy Limited
    New Zealand Australasian Equities
    2.65%
  • Westpac 11Am Call Account
    New Zealand Cash and Equivalents AA-
    2.49%
  • United States Treasury 150832 2.75 Gb
    United States Int Fixed Interest AA+
    2.12%
  • Mainfreight Limited
    New Zealand Australasian Equities
    1.95%
  • Microsoft Corp
    United States International Equities
    1.85%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.45%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.2%
New Zealand Fixed Interest 6.0% 6.32%
International Fixed Interest 6.0% 6.14%
Australasian Equities 34.0% 31.92%
International Equities 44.0% 45.91%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 10.0% 9.51%
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 31st Dec. 2022.