Kiwi Wealth Growth Fund

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Mindful Fund
Type: Growth fund
Past Returns: *-3.83%

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

Annual Fees: 1.01%

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

Nextera Energy Inc 0.92%
Dominion Energy Inc 0.38%
Chevron Corp 0.19%
Kinder Morgan Inc/De 0.16%
Snam Spa 0.14%
Anglo American Plc 0.14%
Evergy Inc 0.13%
Canadian Natural Resources Ltd 0.13%
Aes Corp/Va 0.12%
Enagas Sa 0.11%
Inpex Corp 0.10%
Bp Plc 0.06%
Total Sa 0.05%
Bp Capital Markets Plc 10/2/2024 0.05%
Exxon Mobil Corp 0.04%
American Electric Power Co Inc 0.04%
Royal Dutch Shell 0.04%
Xcel Energy Inc 0.04%
Whitecap Resources Inc 0.04%
Eog Resources Inc 0.04%
Pioneer Natural Resources Co 0.04%
Royal Dutch Shell B Shares 0.03%
Ameren Corp 0.03%
Cenovus Energy Inc 0.03%
Enbridge Inc 0.03%
BHP Billiton 0.03%
Cms Energy Corp 0.03%
BHP Billiton Plc 0.03%
Chevron Corp 16/5/2021 0.03%
Total Capital International Sa 2/9/2020 0.03%
Marathon Petroleum Corp 0.02%
Aker Bp Asa 15/6/2024 0.02%
Oneok Inc 0.02%
Rwe Ag 0.02%
Cnooc Ltd 0.01%
Suncor Energy Inc 0.01%
Lukoil Pjsc 0.01%
Phillips 66 0.01%
Diamondback Energy Inc 0.01%
Total Capital International Sa 19/6/2021 0.01%
Jxtg Holdings Inc 0.01%
Ptt Pcl/Foreign 0.01%
China Shenhua Energy Co-H 0.01%
Tatneft Pjsc 0.01%
Conocophillips 0.01%
Clp Holdings Ltd 0.01%
Gazprom Pjsc 0.01%
Lyondellbasell Industries Nv 0.01%
Electric Power Development Co Ltd 0.01%
Tenaga Nasional Bhd 0.01%
China Petroleum & Chemical-H 0.01%
Lundin Petroleum Ab 0.01%
Emera Inc 0.01%
S-Oil Corp 0.01%
Ptt Explor & Prod Pcl-Nvdr 0.01%

Weapons

Airbus Se 0.13%
Booz Allen Hamilton Holding Corp 0.12%
Safran Sa 0.12%
United Technologies Corp 0.07%
Raytheon Co 0.07%
Leonardo Spa 0.06%
Thales Sa 0.03%
L3Harris Technologies Inc 0.02%
Boeing Co/The 0.01%

Gambling

Evolution Gaming Group Ab 0.06%
William Hill Plc 7/9/2023 0.02%
Galaxy Entertainment Group Ltd 0.01%
Las Vegas Sands Corp 0.01%
Sands China Ltd 0.01%

Alcohol

Lvmh Moet Hennessy Louis Vuitton Se 0.62%
Diageo Plc 0.25%
Constellation Brands Inc-A 0.07%
Pernod Ricard Sa 0.03%
Heineken Nv 0.03%
Constellation Brands Inc 1/5/2021 0.02%
Carlsberg A/S 0.02%
Anheuser-Busch Inbev Nv 0.02%
Davide Campari-Milano Spa 0.02%
Kirin Holdings Co Ltd 0.01%
Asahi Group Holdings Ltd 0.01%
Ambev Sa 0.01%
Kweichow Moutai Co Ltd 0.01%
Jiangsu Yanghe Brewery Joint-Stock Co Ltd 0.01%

Palm Oil

Posco 0.01%

GMOs

Novartis 0.51%
Novozymes A/S-B Shares 0.02%
Dupont De Nemours Inc 0.02%
Basf Se 0.01%
Nutrien Ltd 0.01%

Human Rights & Environmental Violations

Nestle S.A. 1.48%
Johnson & Johnson 0.24%
Chevron Corp 0.19%
Rio Tinto Ltd 0.12%
Johnson & Johnson 20/5/2024 0.05%
Royal Dutch Shell 0.04%
Duke Energy Corp 0.04%
Royal Dutch Shell B Shares 0.03%
BHP Billiton 0.03%
BHP Billiton Plc 0.03%
Sempra Energy 0.02%
Nutrien Ltd 0.01%
Posco 0.01%
Grupo Mexico Sab De Cv 0.01%

Animal Testing

Nestle S.A. 1.480%
Procter & Gamble Co/The 1.100%
Pepsico Inc 0.960%
Colgate-Palmolive Co 0.660%
Lvmh Moet Hennessy Louis Vuitton Se 0.620%
Coca Cola 0.600%
L'Oreal Sa 0.460%
Reckitt Benckiser Group Plc 0.310%
Johnson & Johnson 0.240%
Chevron Corp 0.190%
Ecolab Inc 0.190%
Glaxosmithkline Plc 0.180%
Estee Lauder Cos Inc/The 0.100%
Henkel Ag & Co Kgaa Vorzug 0.090%
Unilever Plc 0.070%
Kimberly-Clark Corp 0.050%
Johnson & Johnson 20/5/2024 0.050%
Royal Dutch Shell 0.040%
General Mills Inc 0.040%
Air Liquide Sa 0.040%
Royal Dutch Shell B Shares 0.030%
Akzo Nobel Nv 0.030%
Tesco Corporate Treasury Services Plc 1/7/2024 0.030%
Tesco Plc 0.030%
Air Products & Chemicals Inc 0.030%
Ecolab Inc 8/12/2021 0.030%
Procter & Gamble Co/The 2/11/2023 0.020%
Novozymes A/S-B Shares 0.020%
Burberry Group Plc 0.020%
Shiseido Co Ltd 0.020%
Arkema Sa 0.020%
Basf Se 0.010%
Mitsui Chemicals Inc 0.010%
Danone Sa 0.010%
Givaudan - Reg 0.010%
Ppg Industries Inc 0.010%

This data is compiled by Mindful Money from the fund information and portfolios that each 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 FND10332
Name Kiwi Wealth Growth Fund
Risk profile Growth fund
Description The Growth Fund is invested up to 100% in shares and other growth assets with the remainder invested cash and fixed interest assets. Its objective is to exceed the returns you would receive from investing 85% of your funds in global shares and 15% in New Zealand fixed interest assets and cash through active asset allocation and active selection of shares and other growth assets fixed interest and cash assets.
Value $12M NZD
Members Not provided
Market index description The market index return is the strategic asset allocation weighted benchmark index return where the benchmark indicies are defined in the Statement of Investment Policy and Objectives. Additional information about the market index is available on the Disclose offer register at http://www.disclose-register.companiesoffice.govt.nz
Period of data report Tue June 30th 2020
Fund started Tue July 31st 2018
Three-year average return *-3.83%
Market index past year return -4.41%
Past year return net of charges and tax -3.83%
Past year return net of charges gross of tax -4.3%
Market index return since fund started -2.44%
Return since fund started net -2.65%
Total annual fund fees 1.01%
Total performance based fees 0.0%
Manager's basic fee 0.88%
Administration charges 0.13%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

  • Diana Gordon

    Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (7 years, 7 months)
    Previously: Senior High Yield Portfolio Manager Goldman Sachs Asset Management New York (10 years, 10 months)

  • Nathan Field

    Currently: Portfolio Manager Equities - Kiwi Wealth Investments Limited Partnership (9 years, 10 months)
    Previously: Senior Equity Analyst - ABN Amro Sydney (4 years, 6 months)

  • Simon O'Grady

    Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (7 years, 5 months)
    Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, 0 months)

  • Steffan Berridge

    Currently: Senior Quantitative Strategist - Kiwi Wealth Investments Limited Partnership (6 years, 6 months)
    Previously: Portfolio Manager - Man Group PLC (9 years, 0 months)

This information has been sourced from the quarterly data that each 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 -4.35% -3.83%

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 fund has filed with Disclose register to Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Westpac NZD Account
    New Zealand Cash and Equivalents AA-
    2.61%
  • Apple Inc.
    United States International Equities
    2.59%
  • Microsoft Corp
    United States International Equities
    2.45%
  • Amazon.Com Inc
    United States International Equities
    2.1%
  • Gmo Systematic Global Macro Trust
    Australia Other
    2.06%
  • Two Trees Global Macro Fund F
    Australia Other
    1.82%
  • Alphabet Inc - Class C Shares
    United States International Equities
    1.8%
  • Nestle S.A.
    Switzerland International Equities
    1.48%
  • Facebook Inc
    United States International Equities
    1.36%
  • Procter & Gamble Co/The
    United States International Equities
    1.1%

This information has been sourced from the quarterly data that each 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 7.5% 4.05%
New Zealand Fixed Interest 7.5% 2.68%
International Fixed Interest 0.0% 3.35%
Australasian Equities 0.0% 0.6%
International Equities 85.0% 81.58%
Listed Properties 0.0% 2.43%
Unlisted Properties 0.0% 0.0%
Other 0.0% 5.31%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each 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:
    1.13%
  • Animal Testing:
    7.80%
  • Fossil Fuels:
    3.52%
  • Gambling:
    0.11%
  • GMOs:
    0.57%
  • Human Rights & Environmental Violations:
    2.30%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.00%
  • Weapons:
    0.63%

This data is compiled by Mindful Money from the fund information and portfolios that each 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 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 is invested up to 100% in shares and other growth assets with the remainder invested cash and fixed interest assets. Its objective is to exceed the returns you would receive from investing 85% of your funds in global shares and 15% in New Zealand fixed interest assets and cash through active asset allocation and active selection of shares and other growth assets fixed interest and cash assets."

Download the fund's disclosure statement and portfolio holdings.

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Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.