Funds
Foundation Series Growth Fund
Fund type: Growth fund
Past Returns: *0.08%Annual Fees: 0.37%
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
Fossil Fuel
- Contact Energy Ltd 1.36%
- Exxon Mobil Corp 0.71%
- Totalenergies Se 0.59%
- Shell PLC 0.39%
- BP PLC 0.32%
- Genesis Energy Ltd 0.32%
- Enbridge Inc 0.31%
- Occidental Petroleum Corp 0.30%
- Glencore PLC 0.28%
- Eni Spa 0.26%
- Devon Energy Corp 0.20%
- Chevron Corp 0.19%
- Vale SA 0.15%
- Nextera Energy Inc 0.11%
- Mitsui & Co Ltd 0.10%
- Anglo American PLC 0.09%
- Conocophillips 0.09%
- BHP Group Ltd 0.08%
- Marathon Petroleum Corp 0.07%
- Arcelormittal 0.06%
- Duke Energy Corp 0.05%
- Santos Ltd 0.05%
- Southern Co/The 0.05%
- Canadian Natural Resources Ltd 0.04%
- Dominion Energy Inc 0.04%
- Eog Resources Inc 0.04%
- Iberdrola SA 0.04%
- Pioneer Natural Resources Co 0.04%
- American Electric Power Co Inc 0.03%
- Arcelormittal-Ny Registered 0.03%
- Canadian Natural Resources Ltd - US 0.03%
- Cheniere Energy Inc 0.03%
- Eneos Holdings Inc 0.03%
- Energy Transfer Partners Lp 150325 4.05 Cb 0.03%
- Jardine Matheson Holdings Ltd 0.03%
- National Grid PLC 0.03%
- Nippon Steel Corp 0.03%
- Phillips 66 0.03%
- Sempra Energy 0.03%
- Suncor Energy Inc 0.03%
- Tc Energy Corp 0.03%
- Valero Energy Corp 0.03%
- Canadian Natural Resources Ltd - Cad 0.02%
- Consolidated Edison Inc 0.02%
- Constellation Energy Corp 0.02%
- Dte Energy Co 0.02%
- Enel Spa 0.02%
- Equinor Asa 0.02%
- Hess Corp 0.02%
- Itochu Corp 0.02%
- Kinder Morgan Inc 0.02%
- Mitsubishi Corp 0.02%
- Oneok Inc 0.02%
- Public Service Enterprise Group Inc 0.02%
- Rwe AG 0.02%
- Sumitomo Chemical Co Ltd 0.02%
- Var Energi Asa 0.02%
- Wec Energy Group Inc 0.02%
- Williams Cos Inc/The 0.02%
- Woodside Energy Group Ltd 0.02%
- Xcel Energy Inc 0.02%
- Aes Corp/The 0.01%
- Ameren Corp 0.01%
- Cenovus Energy Inc 0.01%
- Ck Hutchison Holdings Ltd 0.01%
- Clp Holdings Ltd 0.01%
- Cms Energy Corp 0.01%
- Coterra Energy Inc 0.01%
- Diamondback Energy Inc 0.01%
- Edp - Energias De Portugal SA 0.01%
- Engie SA 0.01%
- Entergy Corp 0.01%
- Fortis Inc/Canada 0.01%
- Franco-Nevada Corp 0.01%
- Lyondellbasell Industries Nv 0.01%
- Marathon Oil Corp 0.01%
- Marubeni Corp 0.01%
- Neste Oyj 0.01%
- Pembina Pipeline Corp 0.01%
- Pg&E Corp 0.01%
- Ppl Corp 0.01%
- Repsol SA 0.01%
- Sumitomo Corp 0.01%
- Targa Resources Corp 0.01%
- Tourmaline Oil Corp 0.01%
Weapons
- Walmart Inc 0.13%
- Amphenol Corp 0.03%
- Howmet Aerospace 0.03%
- Transdigm Group Inc 0.02%
- Heico Corp-Class A 0.01%
- Teledyne Technologies Inc 0.01%
Tobacco
- Alimentation Couche-Tard Inc 0.02%
Gambling
- Skycity Entertainment Group Ltd 0.47%
- Vici Properties Inc 0.02%
- Aristocrat Leisure Ltd 0.01%
- Flutter Entertainment PLC 0.01%
- Galaxy Entertainment Group Ltd 0.01%
- Las Vegas Sands Corp 0.01%
Alcohol
- Heineken Nv 0.14%
- Diageo PLC 0.11%
- Anheuser-Busch Inbev SA/Nv 0.09%
- Constellation Brands Inc 0.09%
- Treasury Wine Estates Ltd 0.04%
- Pernod Ricard SA 0.03%
- Asahi Group Holdings Ltd 0.01%
- Brown-Forman Corp 0.01%
- Kirin Holdings Co Ltd 0.01%
GMOs
- Corteva Inc 0.03%
Human Rights & Environmental Violations
- Shell PLC 0.39%
- Johnson & Johnson 0.29%
- Glencore PLC 0.27%
- Rio Tinto PLC 0.25%
- Meta Platforms Inc 0.21%
- Nestle SA 0.21%
- Chevron Corp 0.19%
- Petroleo Brasileiro-Spon Adr 0.16%
- Vale SA 0.15%
- Thermo Fisher Scientific Inc 0.14%
- Wells Fargo & Co 0.10%
- BHP Group Ltd 0.08%
- Caterpillar Inc 0.06%
- Credit Suisse AG 080823 6.50 Cb 0.06%
- Credit Suisse Group AG 120833 6.537 Cb 0.06%
- Mizrahi Tefahot Bank Ltd 0.06%
- Duke Energy Corp 0.05%
- Activision Blizzard Inc 0.04%
- Credit Suisse Mortgage Tr Series 20 Fact Cls A 151037 Abs 0.04%
- Archer-Daniels-Midland Co 0.03%
- Bayer AG 0.03%
- Corteva Inc 0.03%
- Credit Suisse Group AG 020432 2.875 Cb 0.03%
- Energy Transfer Partners Lp 150325 4.05 Cb 0.03%
- Freeport-Mcmoran Inc 0.03%
- Motorola Solutions Inc 0.03%
- Nutrien Ltd 0.03%
- Uber Technologies Inc 0.03%
- Wells Fargo and Co 240328 3.526 Cb 0.03%
- Barrick Gold Corp-Tse 0.02%
- Basf Se 0.02%
- Credit Suisse AG 070933 7.375 Cb 0.02%
- Credit Suisse AG London 050126 0.25 Cb 0.02%
- Credit Suisse Group AG 120624 4.207 Cb 0.01%
- Credit Suisse Group AG 240627 1.00 Cb 0.01%
- Pg&E Corp 0.01%
- Rio Tinto Ltd 0.01%
Animal Cruelty
- Exxon Mobil Corp 0.71%
- Shell PLC 0.39%
- Procter & Gamble Co/The 0.38%
- Eni Spa 0.26%
- Nestle SA 0.21%
- Chevron Corp 0.19%
- Tyson Foods Inc 0.18%
- Coca-Cola Co/The 0.15%
- Pepsico Inc 0.15%
- LVMH Moet Hennessy Louis Vuitton Se 0.11%
- Yara International Asa 0.10%
- Constellation Brands Inc 0.09%
- Henkel AG & Co Kgaa 0.09%
- Kering SA 0.07%
- Unilever PLC - EUR 0.07%
- L'Oreal SA 0.05%
- Mondelez International Inc 0.05%
- Otsuka Holdings Co Ltd 0.05%
- Seiko Epson Corp 0.05%
- 3M Co 0.04%
- Air Liquide SA 0.04%
- Colgate-Palmolive Co 0.04%
- Estee Lauder Cos Inc/The 0.04%
- Sherwin-Williams Co/The 0.04%
- Archer-Daniels-Midland Co 0.03%
- Bayer AG 0.03%
- Corteva Inc 0.03%
- General Mills Inc 0.03%
- Hermes International 0.03%
- Kimberly-Clark Corp 0.03%
- Nutrien Ltd 0.03%
- Albemarle Corp 0.02%
- Basf Se 0.02%
- Canon Inc 0.02%
- Daikin Industries Ltd 0.02%
- Danone SA 0.02%
- Dow Inc 0.02%
- Dupont De Nemours Inc 0.02%
- Ecolab Inc 0.02%
- Givaudan SA 0.02%
- International Flavors & Fragrances Inc 0.02%
- Keurig Dr Pepper Inc 0.02%
- Koninklijke Ahold Delhaize Nv 0.02%
- Mitsubishi Corp 0.02%
- PPG Industries Inc 0.02%
- Sumitomo Chemical Co Ltd 0.02%
- Swpc0Gvu2 Ccp Sell Cds EUR 200625 Tesco PLC 1% Ms 0.02%
- Yara International-Adr 0.02%
- Ajinomoto Co Inc 0.01%
- Asahi Group Holdings Ltd 0.01%
- Church & Dwight Co Inc 0.01%
- Clorox Co/The 0.01%
- Denso Corp 0.01%
- Entegris Inc 0.01%
- Fujifilm Holdings Corp 0.01%
- Hormel Foods Corp 0.01%
- Kao Corp 0.01%
- Kellogg Co 0.01%
- Kerry Group PLC 0.01%
- Koninklijke Dsm Nv 0.01%
- Kraft Heinz Co/The 0.01%
- Lyondellbasell Industries Nv 0.01%
- Mosaic Co/The 0.01%
- Sgs SA 0.01%
- Shiseido Co Ltd 0.01%
- Symrise AG 0.01%
- Tesco PLC 0.01%
- Tesco Property Finance PLC 130440 5.744 Sf 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
In their own words
The fund Aims for high long-run returns by investing in a diversified portfolio weighted towards growth assets but with some income asset exposure.
| Value | $25M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 2nd Sept. 2020 |
| Total annual fund fees | 0.37% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.37% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Mike Heath |
Currently: Investment Committee Member (2 years, 9 months) |
|
Anthony Edmonds |
Currently: Investment Committee Member (2 years, 9 months) |
|
Anthony Sowerby |
Currently: Investment Committee Member (2 years, 9 months) |
|
Jason Choy |
Currently: Investment Committee Member (0 years, 5 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 | 0.57% | |
| Animal Cruelty | 4.78% | |
| Fossil Fuels | 7.86% | |
| Gambling | 0.57% | |
| GMOs | 0.03% | |
| Human Rights & Environmental Violations | 3.37% | |
| Palm Oil | 0.01% | |
| Tobacco | 0.03% | |
| Weapons | 0.29% |
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% | 5.04% |
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
-
Macquarie Msci Global Index Shares Fund
New Zealand International Equities34.42% -
Macquarie NZ Shares Index Fund
New Zealand Australasian Equities26.18% -
Macquarie Msci Hedged Global Index Shares
New Zealand International Equities19.44% -
Hunter Global Fixed Interest Fund
New Zealand Int Fixed Interest14.97% -
Macquarie NZ Fixed Interest Fund
New Zealand NZ Fixed Interest2.97% -
Macquarie NZ Cash Fund
New Zealand Cash and Equivalents1.66% -
Cash At Bank (BNZ)
New Zealand Cash and Equivalents AA-0.36%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 2.0% | 7.36% |
| New Zealand Fixed Interest | 3.0% | 2.66% |
| International Fixed Interest | 15.0% | 11.57% |
| Australasian Equities | 26.0% | 27.05% |
| International Equities | 54.0% | 51.36% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| 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.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.