Funds

Salt Sustainable Growth Fund

Total Ethical Concerns: 12.70%

The average total concerns of all managed growth funds is 5.45%.

Companies of Concern

  • Animal Cruelty 2.36%

    • L'Oréal SA
      1.18%
      1.18%
    • 1.18%
  • Human Rights Violations 1.19%

    • UBS
      0.26%
      0.26%
    • General Motors
      0.09%
      0.09%
  • Fossil Fuels 8.17%

    • Contact Energy Ltd.
      1.37%
      1.5°C
      This company is on a 1.5°C pathway
      1.37%
    • Nextera Energy, Inc.
      0.52%
      0.52%
    • Tc Energy Corp.
      0.48%
      !!
      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
      0.48%
    • Entergy Corp.
      0.42%
      0.42%
    • The Williams Cos., Inc.
      0.40%
      !!
      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
      0.40%
    • 0.36%
    • Nisource, Inc.
      0.35%
      0.35%
    • Wec Energy Group, Inc.
      0.32%
      0.32%
    • Pembina Pipeline Corp.
      0.31%
      !!
      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
      0.31%
    • National Grid PLC
      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
      0.27%
    • Targa Resources Corp.
      0.27%
      0.27%
    • Ameren Corp.
      0.23%
      0.23%
    • Consolidated Edison, Inc.
      0.22%
      0.22%
    • Ppl Corp.
      0.22%
      0.22%
    • Pg&E Corp
      0.19%
      0.19%
    • Centerpoint Energy, Inc.
      0.18%
      0.18%
    • Enel
      0.18%
      1.5°C
      This company is on a 1.5°C pathway
      0.18%
    • Enn Clean Energy International Investment Ltd.
      0.16%
      0.16%
    • Engie SA
      0.15%
      !!
      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
      0.15%
    • Evergy, Inc.
      0.15%
      0.15%
    • Alliant Energy Corp.
      0.14%
      0.14%
    • Royal Vopak Nv
      0.14%
      !!
      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
      0.14%
    • Tenaga Nasional Bhd.
      0.13%
      0.13%
    • Dominion Energy, Inc.
      0.12%
      0.12%
    • Sempra Energy
      0.12%
      !!
      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
      0.12%
    • The Kansai Electric Power Co., Inc.
      0.11%
      0.11%
    • Rwe AG
      0.10%
      0.10%
    • Power Assets Holdings Ltd.
      0.09%
      0.09%
    • Xcel Energy, Inc.
      0.09%
      0.09%
    • Électricité De France SA
      0.09%
      0.09%
    • Enbw Energie Baden Württemberg AG
      0.08%
      1.5°C
      This company is on a 1.5°C pathway
      0.08%
    • Chubu Electric Power Co., Inc.
      0.06%
      0.06%
    • Edp-Energias De Portugal SA
      0.06%
      1.5°C
      This company is on a 1.5°C pathway
      0.06%
    • Cheniere Energy, Inc.
      0.05%
      !!
      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
      0.05%
    • Osaka Gas
      0.05%
      !!
      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
      0.05%
  • Environmental Harm 1.16%

    • Coca-Cola
      0.98%
      0.98%
    • Pg&E Corp
      0.19%
      0.19%

From the Fund Provider

  • About this fund

    About this Fund

    The Fund’s investment objective is to outperform the Reserve Bank of New Zealand’s Consumer Price Index +5% p.A. Benchmark on a rolling five year basis. The Fund targets a diversified mix of growth and defensive assets, with a focus on securities with strong ESG credentials.

    Value $70.5M NZD
    Period of data report 31st March 2025
    Fund started 15th Sept. 2021
    Total annual fund fees 1.1%
    Total performance based fees 0.0%
    Manager's basic fee 0.92%
    Other management and administration charges 0.18%
    Total other charges 0.0
    Total other charges currency NZD

    Matthew Goodson

    Currently: Managing Director (11 years, 10 months)
    Previously: Portfolio Manager, BT Funds Management (NZ) Ltd (4 years, 5 months)

    Paul Harrison

    Currently: Managing Director (11 years, 10 months)
    Previously: Portfolio Manager, BT Funds Management (NZ) Ltd (5 years, 0 months)

    Paul Turnbull

    Currently: Chief Investment Officer (5 years, 10 months)
    Previously: Research Analyst at Jarden (6 years, 0 months)

    Greg Fleming

    Currently: Head of Global Diversified Funds (4 years, 0 months)
    Previously: Head of Investment Strategy, AMP Capital NZ (4 years, 8 months)

    Bevan Graham

    Currently: Economist (4 years, 1 months)
    Previously: Managing Director NZ, AMP Capital NZ (2 years, 2 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

  • Past Returns

    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
    2025 3.04% 8.05%
    2024 12.48% 11.5%
    2023 -4.05% -4.04%

    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 March 2025.

  • Investments

    Top 10 Investments

    • Fisher & Paykel Healthcare Ltd

      New Zealand Australasian Equities

      3.63%
    • Infratil Ltd

      New Zealand Australasian Equities

      2.18%
    • Auckland International Airport Ltd

      New Zealand Australasian Equities

      2.16%
    • US 5Yr Note (Cbt) Jun25

      United States Int Fixed Interest

      1.91%
    • Visa Inc-Class A Shares

      United States International Equities

      1.84%
    • Sap Se

      Germany International Equities

      1.77%
    • Microsoft Corporation

      United States International Equities

      1.73%
    • Cash At Bank

      New Zealand Cash and Equivalents

      1.58%
    • Welltower Inc

      United States Listed Property

      1.43%
    • Contact Energy Ltd

      New Zealand Australasian Equities

      1.37%
    Type Target Actual
    Cash and Cash Equivalents 5.0% 1.57%
    New Zealand Fixed Interest 10.0% 0.0%
    International Fixed Interest 5.0% 16.25%
    Australasian Equities 25.0% 22.1%
    International Equities 45.0% 43.97%
    Listed Properties 10.0% 14.9%
    Unlisted Properties 0.0% 0.0%
    Other 0.0% 1.21%
    Commodities 0.0% 0.0%

    Investment Mix

    How the money in this fund is invested by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 31st March 2025 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.

Issues of Concern

  • 2.36% Animal Cruelty
  • 1.19% Human Rights Violations
  • 0.0% Social Harm
  • 8.17% Fossil Fuels
  • 0.0% Weapons
  • 1.16% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • L'Oréal SA
      1.18%
      1.18%
    • 1.18%
  • Human Rights Violations

    • UBS
      0.26%
      0.26%
    • General Motors
      0.09%
      0.09%
  • Fossil Fuels

    • Contact Energy Ltd.
      1.37%
      1.5°C
      This company is on a 1.5°C pathway
      1.37%
    • Nextera Energy, Inc.
      0.52%
      0.52%
    • Tc Energy Corp.
      0.48%
      !!
      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
      0.48%
    • Entergy Corp.
      0.42%
      0.42%
    • The Williams Cos., Inc.
      0.40%
      !!
      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
      0.40%
    • 0.36%
    • Nisource, Inc.
      0.35%
      0.35%
    • Wec Energy Group, Inc.
      0.32%
      0.32%
    • Pembina Pipeline Corp.
      0.31%
      !!
      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
      0.31%
    • National Grid PLC
      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
      0.27%
    • Targa Resources Corp.
      0.27%
      0.27%
    • Ameren Corp.
      0.23%
      0.23%
    • Consolidated Edison, Inc.
      0.22%
      0.22%
    • Ppl Corp.
      0.22%
      0.22%
    • Pg&E Corp
      0.19%
      0.19%
    • Centerpoint Energy, Inc.
      0.18%
      0.18%
    • Enel
      0.18%
      1.5°C
      This company is on a 1.5°C pathway
      0.18%
    • Enn Clean Energy International Investment Ltd.
      0.16%
      0.16%
    • Engie SA
      0.15%
      !!
      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
      0.15%
    • Evergy, Inc.
      0.15%
      0.15%
    • Alliant Energy Corp.
      0.14%
      0.14%
    • Royal Vopak Nv
      0.14%
      !!
      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
      0.14%
    • Tenaga Nasional Bhd.
      0.13%
      0.13%
    • Dominion Energy, Inc.
      0.12%
      0.12%
    • Sempra Energy
      0.12%
      !!
      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
      0.12%
    • The Kansai Electric Power Co., Inc.
      0.11%
      0.11%
    • Rwe AG
      0.10%
      0.10%
    • Power Assets Holdings Ltd.
      0.09%
      0.09%
    • Xcel Energy, Inc.
      0.09%
      0.09%
    • Électricité De France SA
      0.09%
      0.09%
    • Enbw Energie Baden Württemberg AG
      0.08%
      1.5°C
      This company is on a 1.5°C pathway
      0.08%
    • Chubu Electric Power Co., Inc.
      0.06%
      0.06%
    • Edp-Energias De Portugal SA
      0.06%
      1.5°C
      This company is on a 1.5°C pathway
      0.06%
    • Cheniere Energy, Inc.
      0.05%
      !!
      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
      0.05%
    • Osaka Gas
      0.05%
      !!
      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
      0.05%
  • Environmental Harm

    • Coca-Cola
      0.98%
      0.98%
    • Pg&E Corp
      0.19%
      0.19%

About this Fund

The Fund’s investment objective is to outperform the Reserve Bank of New Zealand’s Consumer Price Index +5% p.A. Benchmark on a rolling five year basis. The Fund targets a diversified mix of growth and defensive assets, with a focus on securities with strong ESG credentials.

Value $70.5M NZD
Period of data report 31st March 2025
Fund started 15th Sept. 2021
Total annual fund fees 1.1%
Total performance based fees 0.0%
Manager's basic fee 0.92%
Other management and administration charges 0.18%
Total other charges 0.0
Total other charges currency NZD

Matthew Goodson

Currently: Managing Director (11 years, 10 months)
Previously: Portfolio Manager, BT Funds Management (NZ) Ltd (4 years, 5 months)

Paul Harrison

Currently: Managing Director (11 years, 10 months)
Previously: Portfolio Manager, BT Funds Management (NZ) Ltd (5 years, 0 months)

Paul Turnbull

Currently: Chief Investment Officer (5 years, 10 months)
Previously: Research Analyst at Jarden (6 years, 0 months)

Greg Fleming

Currently: Head of Global Diversified Funds (4 years, 0 months)
Previously: Head of Investment Strategy, AMP Capital NZ (4 years, 8 months)

Bevan Graham

Currently: Economist (4 years, 1 months)
Previously: Managing Director NZ, AMP Capital NZ (2 years, 2 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

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
2025 3.04% 8.05%
2024 12.48% 11.5%
2023 -4.05% -4.04%

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 March 2025.

Top 10 Investments

  • Fisher & Paykel Healthcare Ltd

    New Zealand Australasian Equities

    3.63%
  • Infratil Ltd

    New Zealand Australasian Equities

    2.18%
  • Auckland International Airport Ltd

    New Zealand Australasian Equities

    2.16%
  • US 5Yr Note (Cbt) Jun25

    United States Int Fixed Interest

    1.91%
  • Visa Inc-Class A Shares

    United States International Equities

    1.84%
  • Sap Se

    Germany International Equities

    1.77%
  • Microsoft Corporation

    United States International Equities

    1.73%
  • Cash At Bank

    New Zealand Cash and Equivalents

    1.58%
  • Welltower Inc

    United States Listed Property

    1.43%
  • Contact Energy Ltd

    New Zealand Australasian Equities

    1.37%
Type Target Actual
Cash and Cash Equivalents 5.0% 1.57%
New Zealand Fixed Interest 10.0% 0.0%
International Fixed Interest 5.0% 16.25%
Australasian Equities 25.0% 22.1%
International Equities 45.0% 43.97%
Listed Properties 10.0% 14.9%
Unlisted Properties 0.0% 0.0%
Other 0.0% 1.21%
Commodities 0.0% 0.0%

Investment Mix

How the money in this fund is invested by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.