Harbour Active Growth Fund

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Type: Growth fund
Past Returns: *30.70%

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

Annual Fees: 0.96%

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

Apa Group 0.10%
Arcelormittal SA 0.03%
Engie SA 0.04%
Eni 0.04%
Eog Resources Inc 0.04%
Eve Energy Co Ltd 0.03%
Galp Energia Sgps SA 0.03%
Genesis Energy Limited 0.01%
Genesis Energy Limited 20/07/2022 1.32% 0.04%
Neste 0.04%
OMV AG 0.01%
Repsol SA 0.03%
Santos Limited 0.27%
Snam 0.02%
Total 0.15%

Weapons

Amphenol Corp-Cl A 0.05%
Exor Nv 0.01%
Teledyne Technologies Inc 0.14%

Gambling

Aristocrat Leisure Limited 0.36%
Flutter Entertainment PLC 0.04%
Galaxy Entertainment Group Ltd 0.05%
Sky City Entertainment Group 0.01%

Alcohol

Anheuser Busch Inbev SA 0.08%
China Resources Beer (Holdings) Co Ltd 0.05%
Heineken Holding Nv 0.01%
Heineken Nv 0.04%
LVMH 0.29%
Masan Group Corp 0.08%
Pernod Ricard SA 0.06%
United Spirits Ltd 0.05%

Human Rights & Environmental Violations

Nestle Nigeria PLC 0.01%
Sempra Energy 0.11%

Animal Testing

Akzo Nobel Nv 0.030%
Albemarle Corp 0.060%
Arkema SA 0.010%
Basf N 0.100%
Beiersdorf AG 0.020%
Church & Dwight Co Inc 0.020%
Clorox Company 0.110%
Covestro AG 0.020%
Danone SA 0.060%
Ecolab Inc 0.070%
Estee Lauder Companies-Cl A 0.060%
Evonik Industries AG 0.010%
Henkel & Kgaa Pref AG 0.030%
Henkel AG 0.010%
Hermes International 0.060%
Kerry Group PLC 0.030%
Koninkilijke Dsm Nv 0.040%
Koninklijke Dsm Nv 0.050%
LVMH 0.290%
Lair Liquide Societe Anonyme Pour 0.110%
Linde PLC 0.100%
Loreal SA 0.150%
Nestle Nigeria PLC 0.010%
Puma 0.010%
Sherwin-Williams Co/The 0.070%
Solvay SA 0.010%
Symrise AG 0.120%
Umicore SA 0.020%
Unilever Indonesia Tbk Pt 0.020%
Unilever PLC 0.090%

This data is compiled by Mindful Money from the fund information and portfolios that each 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 27.54% 30.7%

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 Wed March 31st 2021.

Showing the top 10 investments for this fund:

  • ANZ NZD Cash
    New Zealand Cash and Equivalents
    12.55%
  • Ishares Msci Emu Esg Screened Ucits ETF
    Ireland International Equities
    7.33%
  • First State Inv Glb List Infrastruc Pie
    New Zealand Int Fixed Interest
    6.09%
  • Nuveen Esg Large-Cap Value ETF
    United States International Equities
    4.69%
  • Baillie Giff Wrldwd Discv Fd (Cl B Acc)
    Ireland International Equities
    4.24%
  • T.Rowe Price Asian Ex-Japan Equity USD
    Hong Kong International Equities
    3.08%
  • Mainfreight Limited
    New Zealand Australasian Equities
    2.57%
  • Summerset Group Ltd
    New Zealand Australasian Equities
    2.01%
  • National Australia Bank Ords
    Australia Australasian Equities
    1.96%
  • Premia Csi Caixin China New Economy ETF
    Hong Kong International Equities
    1.75%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed March 31st 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 5.0% 7.82%
New Zealand Fixed Interest 25.0% 12.22%
International Fixed Interest 0.0% 1.85%
Australasian Equities 30.0% 23.61%
International Equities 30.0% 35.11%
Listed Properties 10.0% 5.75%
Unlisted Properties 0.0% 0.0%
Other 0.0% 13.65%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 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:
    0.68%
  • Animal Testing:
    1.81%
  • Fossil Fuels:
    0.90%
  • Gambling:
    0.47%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.12%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.20%

This data is compiled by Mindful Money from the fund information and portfolios that each 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 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 Fund is designed to provide investors with exposure to a wide range of domestic and global assets. The Fund invests approximately two thirds in growth assets such as shares property and infrastructure and approximately one third into more defensive assets predominantly investment grade bonds. The Manager will use active management to enhance returns and manage downside risks."

Value $32M NZD
Period of data report Wed March 31st 2021
Fund started Fri Nov. 1st 2019
Total annual fund fees 0.96%
Total performance based fees 0.01%
Manager's basic fee 0.77%
Other management and administration charges 0.18%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Chris Di Leva

Currently: Multi Asset Specialist (2 years, 6 months)
Previously: Mercer (8 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.