OneAnswer M.A.C. Growth Fund

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Fund type: Growth fund

Past Returns: 9.49%

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

Annual Fees: 1.09%

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

Ampol Ltd 0.06%
BHP Billiton Ltd 0.71%
Centrica PLC 0.01%
Cheniere Energy Inc 0.09%
China Petroleum & Chemical 0.03%
Dominion Energy Inc 0.15%
Enbridge Inc 0.11%
Itochu Corp 0.04%
Jefferies Financial 0.02%
Karoon Energy Ltd 0.05%
Koninklijke Vopak Nv 0.14%
Lg Corp 0.02%
Lyondellbasell Industries Class A 0.04%
Marathon Petroleum Corp 0.03%
Marubeni Corp 0.03%
Motor Oil Corinth Refineries SA 0.01%
OMV AG 0.02%
Phillips 66 0.03%
Repsol SA 0.02%
Santos Limited 0.24%
Shell PLC 0.04%
Sojitz Corporation 0.02%
Total Se 0.02%
Valero Energy Corp 0.05%
Williams Cos Inc 0.07%
Woodside Petroleum 0.19%

Weapons

Amphenol Corporation - Class A 0.15%
Canadian Tire Corp - Class A 0.03%

Gambling

Aristocrat Leisure Limited 0.17%
Flutter Entertainment PLC 0.19%
Sky City Entertainment Group 0.18%
Tabcorp Holdings Ltd 0.04%

Alcohol

Carlsberg As - B Shs 0.12%
Diageo PLC 0.59%
Heineken Nv 0.56%
LVMH Moet Hennessy Louis Vuitton SA 0.66%
Molson Coors Beverage Co 0.05%
Pernod-Ricard SA 0.36%
Treasury Wine Estates Limited 0.10%

Human Rights & Environmental Violations

BHP Billiton Ltd 0.71%
Bayer AG 0.30%
China Petroleum & Chemical 0.03%
Duke Energy Corporation 0.19%
Johnson & Johnson 0.03%
Nestle SA 1.04%
Rio Tinto Limited 0.17%
Shell PLC 0.04%
Teva Pharmaceutical Industries Limited 0.02%

Animal Testing

Adeka Corp 0.02%
Air Liquide 0.37%
Akzo Nobel N.V 0.18%
Archer Daniels Midland Co 0.03%
Bayer AG 0.30%
Burberry Group PLC 0.13%
Celanese Corporation Series A 0.04%
Coca Cola Co 0.36%
Danone 0.34%
Eastman Chemical Co 0.04%
Essity Aktiebolag - B Shares 0.30%
General Mills Inc 0.03%
Glaxosmithkline PLC 0.10%
Hermes International 0.08%
Hp Inc 0.07%
Huntsman Corp 0.03%
Ingredion Inc 0.01%
Intl Flavors & Fragrances 0.18%
Johnson & Johnson 0.03%
Koninklijke Dsm Nv 0.35%
LVMH Moet Hennessy Louis Vuitton SA 0.66%
Linde PLC 0.48%
Linde PLC US 0.13%
Lyondellbasell Industries Class A 0.04%
Marubeni Corp 0.03%
Mitsubishi Gas Chemical Co 0.01%
Nestle SA 1.04%
PPG Industries Inc 0.23%
Reckitt Benckiser 0.32%
Sainsbury (J) PLC 0.02%
Shell PLC 0.04%
Sherwin-Williams Co 0.09%
Solvay SA 0.02%
Tesco PLC 0.02%
The Kraft Heinz Company 0.05%
The Mosaic Company 0.06%
Trinseo PLC 0.01%
Unilever PLC 0.03%
Xerox Corp 0.02%
Yara International 0.03%

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

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
2022 1.53% 4.31%
2021 32.66% 29.56%
2020 -4.45% -5.4%
2019 6.15% 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%
2013 13.67% 15.33%

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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • Cash Deposit (J.P. Morgan USD)
    United States Cash and Equivalents A-1
    1.66%
  • Cash Deposit (ANZ Bank)
    New Zealand Cash and Equivalents A-1+
    1.51%
  • Visa Inc
    United States International Equities
    1.39%
  • Fisher and Paykel Healthcare
    New Zealand Australasian Equities
    1.1%
  • Nestle SA
    Switzerland International Equities
    1.04%
  • Thermo Fisher Scientific Inc
    United States International Equities
    0.79%
  • Goodman Group
    Australia Listed Property
    0.73%
  • Roche Holding AG
    Switzerland International Equities
    0.73%
  • Schneider Electric
    France International Equities
    0.72%
  • BHP Billiton Ltd
    Australia Australasian Equities
    0.71%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu March 31st 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 4.0% 5.73%
New Zealand Fixed Interest 4.0% 4.0%
International Fixed Interest 12.0% 5.66%
Australasian Equities 15.0% 15.56%
International Equities 53.0% 55.29%
Listed Properties 9.0% 10.18%
Unlisted Properties 0.0% 0.0%
Other 3.0% 3.4%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.

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:
    2.46%
  • Animal Testing:
    6.49%
  • Fossil Fuels:
    2.33%
  • Gambling:
    0.58%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    2.58%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.18%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 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 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 Growth Fund invests mainly in growth assets (equities, listed property and listed infrastructure), with a smaller 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 (after the fund charge and before tax) over the long-term a higher yearly return allowing for large movements of value up and down including occasional negative yearly returns."

Value $370M NZD
Period of data report Thu March 31st 2022
Fund started Thu April 15th 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

Key Personnel

Paul Huxford

Currently: Chief Investment Officer, New Zealand (3 years, 9 months)
Previously: Acting Chief Investment Officer, ANZ Bank New Zealand Limited (0 years, 3 months)

Alan Clarke

Currently: Co-Head of Diversified Portfolio Management (3 years, 1 months)
Previously: Senior Mandate Research Manager, ANZ Bank New Zealand Limited (3 years, 7 months)

Maaike Van Tol

Currently: Co-Head of Diversified Portfolio Management (3 years, 1 months)
Previously: Senior Asset Allocation Manager, ANZ Bank New Zealand Limited (1 years, 8 months)

Mathew Young

Currently: Head of FX Strategy and Implementation (3 years, 1 months)
Previously: Head of Investment Implementation, ANZ Bank New Zealand Limited (2 years, 2 months)

Iain Cox

Currently: Head of Australasian Fixed Interest and Cash (8 years, 1 months)
Previously: Senior Fixed Interest Analyst, ANZ Bank New Zealand Limited (2 years, 10 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Markets Conduct Act 2013 and any associated regulations.

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.