Funds
Salt Sustainable Growth Fund
Fund type: Growth fund
Past Returns: *-13.51%Annual Fees: 1.03%
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 1.12%
- Nextera Energy Inc 0.94%
- Sempra Energy 0.54%
- American Electric Power Co Inc 0.36%
- Ppl Corp 0.36%
- Cheniere Energy Inc 0.35%
- Tc Energy Corp 0.32%
- Evergy Inc 0.31%
- Alliant Energy Corp 0.29%
- Enbridge Inc 0.26%
- Entergy Corp 0.24%
- Nisource Inc 0.24%
- Pembina Pipeline Corp 0.24%
- Targa Resources Corp 0.22%
- Duke Energy Corp 0.20%
- Kansai Electric Power Co Inc 0.20%
- Pnm Resources Inc 0.18%
- Dt Midstream Inc 0.17%
- Altagas Ltd 0.16%
- National Grid PLC 0.16%
- Santos Brasil Participacoes SA 0.15%
- Emera Inc 0.13%
- Ck Asset Holdings Ltd 0.12%
- Spire Inc 0.12%
- Hong Kong & China Gas Co Ltd 0.11%
- Clp Holdings Ltd 0.10%
- Osaka Gas Co Ltd 0.09%
- Energy Transfer Partners Lp 150325 4.05 Cb 0.02%
Weapons
- Amphenol Corp-Cl A 0.72%
Gambling
- Sky City Entertainment Group 0.35%
- Sands China Ltd 0.10%
- Boyd Gaming Corp 0.08%
Human Rights & Environmental Violations
- Thermo Fisher Scientific Inc 1.65%
- Duke Energy Corp 0.20%
- Credit Suisse Group AG 120833 6.537 Cb 0.03%
- Credit Suisse AG 080823 6.50 Cb 0.02%
- Credit Suisse Group AG 020432 2.875 Cb 0.02%
- Credit Suisse Mortgage Tr Series 20 Fact Cls A 151037 Abs 0.02%
- Energy Transfer Partners Lp 150325 4.05 Cb 0.02%
- Wells Fargo and Co 240328 3.526 Cb 0.02%
- Credit Suisse AG 070933 7.375 Cb 0.01%
Animal Cruelty
- Procter and Gamble Co/The 0.75%
- L'Oreal SA 0.56%
- Estee Lauder Cos Inc/The 0.41%
- Coca-Cola Co/The 0.36%
- Swpc0Gvu2 Ccp Sell Cds EUR 200625 Tesco PLC 1% Ms 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’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 | $51M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 15th Sept. 2021 |
| Total annual fund fees | 1.03% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.85% |
| Other management and administration charges | 0.18% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Matthew Goodson |
Currently: Managing Director (9 years, 7 months) |
|
Paul Harrison |
Currently: Managing Director (9 years, 7 months) |
|
Paul Turnbull |
Currently: Chief Investment Officer (3 years, 7 months) |
|
Greg Fleming |
Currently: Head of Global Diversified Funds (1 years, 9 months) |
|
Bevan Graham |
Currently: Economist (1 years, 10 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 | 0.00% | |
| Alcohol | 0.00% | |
| Animal Cruelty | 2.11% | |
| Fossil Fuels | 7.69% | |
| Gambling | 0.52% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 2.03% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.00% | |
| Weapons | 0.72% |
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 |
|---|
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
-
Hunter Global Fixed Interest Fund
New Zealand Int Fixed Interest8.44% -
Fisher & Paykel Healthcare Ltd
New Zealand Australasian Equities3.01% -
Cash At Bank
New Zealand Cash and Equivalents2.53% -
Spark New Zealand Ltd
New Zealand Australasian Equities2.48% -
Microsoft Corporation
United States International Equities2.45% -
Visa Inc-Class A Shares
United States International Equities2.16% -
Sap Se
Greece International Equities1.8% -
Accenture PLC
United States International Equities1.71% -
Infratil Ltd
New Zealand Australasian Equities1.7% -
Auckland International Airport Ltd
New Zealand Australasian Equities1.68%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 2.53% |
| New Zealand Fixed Interest | 10.0% | 0.0% |
| International Fixed Interest | 5.0% | 8.44% |
| Australasian Equities | 25.0% | 24.26% |
| International Equities | 45.0% | 48.12% |
| Listed Properties | 10.0% | 15.6% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 1.05% |
| 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.