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

    • BHP Group Limited 1.07%
    • Contact Energy Limited 0.85%
    • Woodside Energy Group Ltd 0.39%
    • Exxon Mobil Corp. 0.30%
    • Chevron Corp. 0.21%
    • Shell PLC 0.16%
    • Nextera Energy Inc. 0.12%
    • Conocophillips 0.11%
    • Reliance Industries Ltd. 0.10%
    • Totalenergies Se 0.09%
    • BP PLC 0.07%
    • Enbridge Inc. 0.06%
    • Petroleo Brasileiro SA 0.06%
    • Vale SA 0.06%
    • Apa Group 0.05%
    • Dominion Energy Inc. 0.05%
    • Duke Energy Corp. 0.05%
    • Eog Resources Inc. 0.05%
    • Iberdrola SA 0.05%
    • Occidental Petroleum Corp. 0.05%
    • Southern Co. 0.05%
    • American Electric Power Co. Inc. 0.04%
    • Canadian Natural Resources Ltd. 0.04%
    • Glencore PLC 0.04%
    • Marathon Petroleum Corp. 0.04%
    • Pioneer Natural Resources Co. 0.04%
    • Sempra Energy 0.04%
    • Valero Energy Corp. 0.04%
    • Whitehaven Coal Ltd 0.04%
    • Ampol Ltd 0.03%
    • Anglo American PLC 0.03%
    • Cheniere Energy Inc. 0.03%
    • Devon Energy Corp. 0.03%
    • Enel Spa 0.03%
    • Kinder Morgan Inc. 0.03%
    • Mitsubishi Corp. 0.03%
    • National Grid PLC 0.03%
    • Phillips 66 0.03%
    • Saudi Arabian Oil Co. 0.03%
    • Suncor Energy Inc. 0.03%
    • Tc Energy Corp. 0.03%
    • Washington H Soul Pattinson & Co Ltd 0.03%
    • Williams Cos. Inc. 0.03%
    • Xcel Energy Inc. 0.03%
    • Agl Energy Ltd 0.02%
    • Consolidated Edison Inc. 0.02%
    • Equinor Asa 0.02%
    • Hess Corp. 0.02%
    • Itochu Corp. 0.02%
    • Mitsui & Co. Ltd. 0.02%
    • Public Service Enterprise Group Inc. 0.02%
    • Wec Energy Group Inc. 0.02%
    • Adani Enterprises Ltd. 0.01%
    • Adani Transmission Ltd. 0.01%
    • Ameren Corp. 0.01%
    • Astra International Tbk Pt 0.01%
    • Cenovus Energy Inc. 0.01%
    • China Petroleum & Chemical Corp. 0.01%
    • China Shenhua Energy Co. Ltd. 0.01%
    • Constellation Energy Corp. 0.01%
    • Coterra Energy Inc. 0.01%
    • Diamondback Energy Inc. 0.01%
    • Dte Energy Co. 0.01%
    • Eni Spa 0.01%
    • Entergy Corp. 0.01%
    • Franco-Nevada Corp. 0.01%
    • Lyondellbasell Industries Nv 0.01%
    • Oneok Inc. 0.01%
    • Petrochina Co. Ltd. 0.01%
    • Posco Holdings Inc. 0.01%
    • Rwe AG 0.01%
    • Sasol Ltd. 0.01%
    • Walmart Inc. 0.16%
    • Brookfield Asset Management Inc. 0.05%
    • Amphenol Corp. 0.03%
    • L3Harris Technologies Inc. 0.03%
    • Larsen & Toubro Ltd. 0.02%
    • Safran SA 0.02%
    • Wal-Mart De Mexico Sab De Cv 0.02%
    • Transdigm Group Inc. 0.01%
    • Alimentation Couche-Tard Inc. 0.03%
    • Itc Ltd. 0.01%
    • Sky City Entertainment Group Limited 0.33%
    • Aristocrat Leisure Limited 0.10%
    • Vici Properties Inc. 0.07%
    • Gaming and Leisure Properties Inc. 0.02%
    • Booster Wine Group Limited Partnership 1.35%
    • Booster Wine Group Limited Partnership-B 0.82%
    • Diageo PLC 0.07%
    • Non-Taxable Accrual - Booster Wine Group Lp 0.07%
    • Anheuser-Busch Inbev SA/Nv 0.03%
    • Constellation Brands Inc. 0.03%
    • Pernod Ricard SA 0.03%
    • Kweichow Moutai Co. Ltd. 0.02%
    • Metcash Ltd 0.02%
    • Ambev SA 0.01%
    • Brown-Forman Corp. 0.01%
    • China Resources Beer Holdings Co. Ltd. 0.01%
    • Heineken Nv 0.01%
    • Astra International Tbk Pt 0.01%
    • Corteva Inc. 0.02%
    • BHP Group Limited 1.07%
    • Johnson & Johnson 0.35%
    • Meta Platforms Inc. 0.25%
    • Nestle SA 0.25%
    • Chevron Corp. 0.21%
    • Shell PLC 0.16%
    • Thermo Fisher Scientific Inc. 0.16%
    • Wells Fargo & Co. 0.12%
    • Rio Tinto Limited 0.09%
    • Caterpillar Inc. 0.07%
    • Petroleo Brasileiro SA 0.06%
    • Vale SA 0.06%
    • Activision Blizzard Inc. 0.05%
    • Duke Energy Corp. 0.05%
    • Rio Tinto PLC 0.05%
    • Archer-Daniels-Midland Co. 0.04%
    • Bayer AG 0.04%
    • Glencore PLC 0.04%
    • Nutrien Ltd. 0.04%
    • Basf Se 0.03%
    • Corteva Inc. 0.03%
    • Freeport-Mcmoran Inc. 0.03%
    • Motorola Solutions Inc. 0.03%
    • Uber Technologies Inc. 0.03%
    • Li Ning Co. Ltd. 0.02%
    • Adani Enterprises Ltd. 0.01%
    • Astra International Tbk Pt 0.01%
    • Barrick Gold Corp. 0.01%
    • Centrais Eletricas Brasileiras SA 0.01%
    • China Petroleum & Chemical Corp. 0.01%
    • Petrochina Co. Ltd. 0.01%
    • Exxon Mobil Corp. 0.30%
    • Nestle SA 0.25%
    • Procter & Gamble Co. 0.25%
    • Chevron Corp. 0.21%
    • Coca-Cola Co. 0.19%
    • Pepsico Inc. 0.19%
    • Shell PLC 0.16%
    • LVMH Moet Hennessy Louis Vuitton Se 0.14%
    • Reliance Industries Ltd. 0.10%
    • Unilever PLC 0.09%
    • Mondelez International Inc. 0.06%
    • 3M Co. 0.05%
    • Colgate-Palmolive Co. 0.05%
    • L'Oreal SA 0.05%
    • Air Liquide SA 0.04%
    • Archer-Daniels-Midland Co. 0.04%
    • Bayer AG 0.04%
    • Cie Financiere Richemont SA 0.04%
    • Estee Lauder Cos. Inc. 0.04%
    • General Mills Inc. 0.04%
    • Nutrien Ltd. 0.04%
    • Sherwin-Williams Co. 0.04%
    • Basf Se 0.03%
    • Constellation Brands Inc. 0.03%
    • Corteva Inc. 0.03%
    • Daikin Industries Ltd. 0.03%
    • Ecolab Inc. 0.03%
    • Hermes International 0.03%
    • Hindustan Unilever Ltd. 0.03%
    • Kering SA 0.03%
    • Kimberly-Clark Corp. 0.03%
    • Mitsubishi Corp. 0.03%
    • Orica Ltd 0.03%
    • Ping An Insurance Group Co. Of China Ltd. 0.03%
    • Albemarle Corp. 0.02%
    • Asian Paints Ltd. 0.02%
    • Danone SA 0.02%
    • Dow Inc. 0.02%
    • Canon Inc. 0.01%
    • China Petroleum & Chemical Corp. 0.01%
    • Dupont De Nemours Inc. 0.01%
    • Eni Spa 0.01%
    • Formosa Plastics Corp. 0.01%
    • Givaudan SA 0.01%
    • Grupo Mexico Sab De Cv 0.01%
    • International Flavors & Fragrances Inc. 0.01%
    • Itc Ltd. 0.01%
    • Keurig Dr Pepper Inc. 0.01%
    • Koninklijke Ahold Delhaize Nv 0.01%
    • Koninklijke Dsm Nv 0.01%
    • Kraft Heinz Co. 0.01%
    • Lyondellbasell Industries Nv 0.01%
    • Nan Ya Plastics Corp. 0.01%
    • PPG Industries Inc. 0.01%
    • Sasol Ltd. 0.01%

This data is compiled by Mindful Money from the fund information and portfolios that each 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 is part of the Focus Series range of funds. The fund invests mainly in growth assets, but includes some income assets. It is suited to investors who are comfortable with a medium to high level of risk in order to potentially achieve a relatively higher level of returns.

Value $9.7M NZD
Period of data report 31st Dec. 2022
Fund started 14th Sept. 2015
Total annual fund fees 0.81%
Total performance based fees 0.0%
Manager's basic fee 0.71%
Other management and administration charges 0.1%
Total other charges 0.0
Total other charges currency NZD

Nic Craven

Currently: Chief Investment Officer, Booster Financial Services Limited (1 years, 5 months)
Previously: Senior Manager - Research, Booster Financial Services Limited (3 years, 2 months)

Brendon Doyle

Currently: Chair of the Investment Committee, Booster Investment Management Limited (0 years, 8 months)
Previously: Director of Direct Investments, Booster Financial Services Limited (current position) (1 years, 1 months)

Allan Yeo

Currently: Managing Director, Booster Financial Services Limited (24 years, 7 months)
Previously: Associate Director, Barclays Bank plc (2 years, 0 months)

Aaron Usher

Currently: Portfolio Strategy Manager, Booster Financial Services Limited (1 years, 5 months)
Previously: Portfolio Manager - Australasian Equities, Booster Financial Services Limited (3 years, 9 months)

Rowan Calvert

Currently: Portfolio Manager - Global Equities, Booster Financial Services Limited (5 years, 2 months)
Previously: Senior Equity Analyst, Booster Financial Services Limited (7 years, 4 months)

This information has been sourced from the quarterly data that each 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 0.01%
Alcohol 2.61%
Animal Cruelty 3.95%
Fossil Fuels 6.13%
Gambling 0.67%
GMOs 0.03%
Human Rights & Environmental Violations 3.66%
Palm Oil 0.03%
Tobacco 0.06%
Weapons 0.48%

This data is compiled by Mindful Money from the fund information and portfolios that each 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 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 1.53% 3.22%
2021 32.66% 25.34%
2020 -4.45% -4.98%
2019 6.15% 7.78%
2018 8.66% 5.75%
2017 7.20% 9.02%

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 31st Dec. 2022.

Top 10 Investments

  • Vanguard Int'L Shares Select Exclusions Fund - NZD Hgd
    Australia Fund
    21.54%
  • Vanguard Int'L Shares Select Exclusions Index Fund
    Australia Fund
    15.13%
  • Vanguard Ethically Conscious Gbl Agg Bond Index Fund NZD Hgd
    Australia Fund
    9.3%
  • Ishares Core S&P/ASX 200 ETF
    Australia International Equities
    9.21%
  • Vanguard Emerging Markets Share Index Fund
    Australia Fund
    6.64%
  • NZ Cash (BNZ Bank Trust Account)
    New Zealand Cash and Equivalents A-1+
    3.24%
  • Vanguard Int'L Prop Sec. Index Fund (AUD Hgd)
    Australia Fund
    2.84%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    1.76%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    1.37%
  • Booster Wine Group Limited Partnership
    New Zealand Australasian Equities
    1.33%
Type Target Actual
Cash and Cash Equivalents 2.0% 4.48%
New Zealand Fixed Interest 10.0% 7.6%
International Fixed Interest 8.0% 10.15%
Australasian Equities 28.0% 18.4%
International Equities 42.0% 53.07%
Listed Properties 5.0% 5.42%
Unlisted Properties 5.0% 0.88%
Other 0.0% 0.0%
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 fund has filed with Disclose register to 31st Dec. 2022.