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:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

    • Nestle SA-Reg 0.85%
    • Thermo Fisher Scientific Inc 0.65%
    • Rio Tinto Ltd 0.18%
    • China Petroleum & Chemical-H 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
    • Credit Suisse Group AG 0.03%
    • Teva Pharmaceutical Ind Ltd 0.02%
    • Nestle Holdings Inc 0.01%
    • BHP Group Ltd 0.50% !!
      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
    • Bayer AG-Reg 0.29%
    • Duke Energy Corp 0.14%
    • Shell PLC 0.07% !!
      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
    • Archer-Daniels-Midland Co 0.03%
    • Adeka Corp 0.02%
    • Bunge Ltd 0.02%
    • LVMH Moet Hennessy Louis Vui 0.74%
    • Koninklijke Dsm Nv 0.33%
    • Intl Flavors & Fragrances 0.32%
    • Air Liquide SA 0.31%
    • Bayer AG-Reg 0.29%
    • PPG Industries Inc 0.26%
    • Rentokil Initial PLC 0.22%
    • Burberry Group PLC 0.20%
    • 3M Co 0.19%
    • Akzo Nobel N.V. 0.19%
    • L'Oreal 0.15%
    • Colgate-Palmolive Co 0.12%
    • Hermes International 0.12%
    • Orica Ltd 0.09%
    • Sherwin-Williams Co/The 0.08%
    • Koninklijke Ahold Delhaize N 0.07%
    • Shell PLC 0.07% !!
      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
    • China Petroleum & Chemical-H 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
    • Eastman Chemical Co 0.04%
    • Mosaic Co/The 0.04%
    • Celanese Corp 0.03%
    • Huntsman Corp 0.03%
    • Solvay SA 0.03%
    • Tyson Foods Inc-Cl A 0.03%
    • Yara International Asa 0.03%
    • Adeka Corp 0.02%
    • Mitsubishi Gas Chemical Co 0.01%
    • Amphenol Corp-Cl A 0.17%
    • Canadian Tire Corp-Class A 0.03%
    • Dick'S Sporting Goods Inc 0.03%
    • Contact Energy Ltd 0.62% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.50% !!
      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
    • Woodside Energy Group Ltd 0.24% !!
      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
    • Ameren Corporation 0.17%
    • American Electric Power 0.17%
    • Duke Energy Corp 0.14%
    • Genesis Energy Ltd 0.14%
    • Santos Ltd 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
    • Vopak 0.13% !!
      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
    • Entergy Corp 0.12%
    • National Grid PLC 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
    • 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
    • Edp-Energias De Portugal SA 0.10% 1.5°C
      This company is on a 1.5°C pathway
    • Enbridge Inc 0.10% !!
      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
    • Dominion Energy Inc 0.09%
    • Nisource Inc 0.09%
    • Orica Ltd 0.09%
    • Cheniere Energy Inc 0.07% !!
      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
    • Marathon Petroleum Corp 0.07%
    • Shell PLC 0.07% !!
      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
    • Valero Energy Corp 0.06%
    • Ampol Ltd 0.05%
    • China Petroleum & Chemical-H 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
    • Orsted A/S 0.05% 1.5°C
      This company is on a 1.5°C pathway
    • Total SA 0.05%
    • Hf Sinclair Corp 0.04%
    • Itochu Corp 0.04% !!
      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
    • Mitsui & Co Ltd 0.04% !!
      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
    • Phillips 66 0.04%
    • Ck Hutchison Holdings Ltd 0.03%
    • OMV AG 0.03% !!
      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
    • Repsol SA 0.03% !!
      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
    • Sojitz Corp 0.03% !!
      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
    • Tenaga Nasional Bhd 0.03%
    • Williams Cos Inc 0.03% !!
      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
    • Centrica PLC 0.02%
    • Jefferies Financial Group In 0.02%
    • Lg Corp 0.02%
    • Marubeni Corp 0.02% !!
      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
    • Motor Oil (Hellas) SA 0.02% !!
      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
    • Nrg Energy Inc 0.02%
    • Enel Finance Intl Nv 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Lg Uplus Corp 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 31st March 2023 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 invests mainly in growth assets (equities, listed property and listed infrastructure), with a small exposure to income assets (cash and cash equivalents and fixed interest). The fund may also invest in alternative assets. The Growth Fund aims to achieve over the long term high returns, allowing for large ups and downs in value.

Value $360M NZD
Period of data report 30th June 2023
Fund started 15th April 2010
Total annual fund fees 1.09%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Other management and administration charges 0.09%
Total other charges 0.0
Total other charges currency NZD

Paul Huxford

Currently: Chief Investment Officer, New Zealand (5 years, 0 months)
Previously: Acting Chief Investment Officer, ANZ Bank New Zealand Limited (0 years, 3 months)

Maaike Van Tol

Currently: Head of Asset Allocation (4 years, 4 months)
Previously: Senior Asset Allocation Manager, ANZ Bank New Zealand Limited (1 years, 8 months)

Mathew Young

Currently: Head of FX Strategy and Implementation (4 years, 4 months)
Previously: Head of Investment Implementation, ANZ Bank New Zealand Limited (2 years, 2 months)

Helen Skinner

Currently: Head of Responsible Investing (1 years, 1 months)
Previously: Head of Emerging Wealth, Craigs Investment Partners (1 years, 2 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2023.

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
2023 -4.94% -4.06%
2022 1.99% 4.31%
2021 33.68% 29.56%
2020 -4.45% -5.4%
2019 6.12% 7.28%
2018 8.66% 7.36%
2017 7.20% 7.69%
2016 5.40% 3.7%
2015 12.09% 16.3%
2014 9.56% 10.71%

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 30th June 2023.

Top 10 Investments

  • Visa Inc
    United States International Equities
    1.23%
  • Fisher and Paykel Healthcare Industries Ltd
    New Zealand Australasian Equities
    1.17%
  • Cash Deposit (J.P. Morgan USD)
    United States Cash and Equivalents A-1
    1.1%
  • Nestle SA
    Switzerland International Equities
    0.8%
  • Hdfc Bank Ltd - Adr
    United States International Equities
    0.78%
  • Auckland International Airport
    New Zealand Australasian Equities
    0.75%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    0.73%
  • Goodman Group
    Australia Listed Property
    0.73%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    0.68%
  • LVMH Moet Hennessy
    France International Equities
    0.68%
Type Target Actual
Cash and Cash Equivalents 4.0% 5.89%
New Zealand Fixed Interest 4.0% 5.93%
International Fixed Interest 12.0% 12.32%
Australasian Equities 15.0% 14.63%
International Equities 53.0% 49.47%
Listed Properties 9.0% 8.76%
Unlisted Properties 0.0% 0.0%
Other 3.0% 3.4%
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 30th June 2023.