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 0.94%
    • Caterpillar Inc 0.82%
    • Rio Tinto Ltd 0.81%
    • Nestle SA-Reg 0.40%
    • Wells Fargo & Co 0.32%
    • BHP Group Ltd 0.78% !!
      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
    • BHP Billiton Finance Ltd 0.22% !!
      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
    • Basf Se 0.14%
    • 3M Co 0.12%
    • Bayer AG-Reg 0.05%
    • Procter & Gamble Co/The 0.43%
    • L'Oreal 0.35%
    • Unilever PLC 0.15%
    • Basf Se 0.14%
    • 3M Co 0.12%
    • Bayer AG-Reg 0.05%
    • Melrose Industries PLC 0.13%
    • Rio Tinto Ltd 0.81%
    • BHP Group Ltd 0.78% !!
      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
    • Contact Energy Ltd 0.72% 1.5°C
      This company is on a 1.5°C pathway
    • Washington H. Soul Pattinson 0.45%
    • Iberdrola SA 0.44% 1.5°C
      This company is on a 1.5°C pathway
    • Enbridge Inc 0.38% !!
      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
    • Cms Energy Corp 0.30%
    • Totalenergies Se 0.30% !!
      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
    • Hess Corp 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
    • Xcel Energy Inc 0.27%
    • Woodside Energy Group Ltd 0.26% !!
      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
    • Dte Energy Company 0.25%
    • BHP Billiton Finance Ltd 0.22% !!
      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
    • National Grid PLC-Sp Adr 0.20% !!
      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
    • Origin Energy Ltd 0.18% !!
      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
    • Galp Energia Sgps SA 0.17% !!
      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
    • Neste Corp. 0.10%
    • Phillips 66 Co 0.04%
    • Santos Ltd 0.04% !!
      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
    • Occidental Petroleum Corp 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
    • Valero Energy Corp 0.02%
    • Halliburton Co 0.01%

Fund Provider Response

Please note that Christian KiwiSaver Scheme has its own ethical policy and independent ethical screening process. This may result in a different view of issues from the issues of concern shown by Mindful Money. In addition, stocks shown by Mindful Money may no longer be held by Christian KiwiSaver Scheme. Please contact us directly with any queries you may have in relation to the stocks shown by Mindful Money. We will be happy to assist you: info@christiankiwisaver.nz

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

The Growth Fund invests mainly in growth assets such as equities and alternative assets. It has a small exposure to fixed interest, mortgages and cash. It is designed to have a medium to high risk profile and to appeal to members with a long term investment horizon.

Value $33.6M NZD
Period of data report 31st March 2024
Members 944
Fund started 20th July 2007
Total annual fund fees 1.5%
Total performance based fees 0.0%
Manager's basic fee 1.5%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Brendan O'Donovan

Currently: Chair of Investment Committee (4 years, 10 months)
Previously: Member of Investment Committee (3 years, 3 months)

Simon Brodie

Currently: Chief Investment Officer / Investment Consultant (12 years, 11 months)
Previously: Portfolio Management / Strategy, Tower Asset Management (23 years, None months)

Manher Sukha

Currently: Investment Manager (9 years, 10 months)
Previously: Investor Relations Analyst, NZ Oil and Gas (1 years, 3 months)

Andrew Johnson

Currently: Licensed Independent Trustee (2 years, 8 months)
Previously: Head of Asset Consulting (NZ), Russell Investments (3 years, 8 months)

Margaret Bearsley

Currently: Chief Executive (2 years, 6 months)
Previously: Chief Executive, NZ Registered Architects Board (1 years, 1 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 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 14.32% 11.15%
2023 -3.87% -0.57%
2022 1.40% 7.34%
2021 28.16% 20.68%
2020 -3.43% -0.93%
2019 6.75% 9.3%
2018 7.80% 4.61%
2017 9.24% 10.2%
2016 3.62% 4.05%
2015 13.73% 11.01%

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 March 2024.

Top 10 Investments

  • Pimco Global Bond ESG Fund
    Ireland Int Fixed Interest
    6.49%
  • Hapua Forest
    New Zealand Other
    4.2%
  • Crown Global Opportunities Vi PLC Fund
    Ireland Other
    3.71%
  • Crown Global Opportunities Vii PLC
    Ireland Other
    3.1%
  • Apple Computer
    United States International Equities
    2.75%
  • Microsoft
    United States International Equities
    2.5%
  • Legg Mason Brandywine Gofi
    Ireland Int Fixed Interest
    1.91%
  • Pimco Gis Global Bond Fund
    Ireland Int Fixed Interest
    1.72%
  • ANZ Bank Accounts
    New Zealand Cash and Equivalents
    1.42%
  • Fisher & Paykel Healthcare
    New Zealand Australasian Equities
    1.28%
Type Target Actual
Cash and Cash Equivalents 5.0% 6.72%
New Zealand Fixed Interest 10.0% 8.51%
International Fixed Interest 10.0% 10.13%
Australasian Equities 25.0% 21.56%
International Equities 40.0% 38.78%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 10.0% 14.31%
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 March 2024.