ANZ 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

BHP Billiton Ltd 0.66%
Contact Energy 0.61%
Woodside Energy Group 0.36%
Santos Limited 0.27%
American Electric Power 0.19%
Duke Energy Corporation 0.16%
Dominion Energy Inc 0.14%
Entergy Corp 0.14%
Genesis Energy Ltd 0.14%
Sempra 0.14%
National Grid PLC 0.13%
Enbridge Inc 0.11%
Koninklijke Vopak Nv 0.11%
Cheniere Energy Inc 0.10%
Nisource Inc 0.10%
Edp-Energias De Portugal SA 0.07%
Valero Energy Corp 0.07%
Williams Cos Inc 0.07%
Ampol Ltd 0.06%
Marathon Petroleum Corp 0.06%
Hf Sinclair Corporation 0.05%
Shell PLC 0.05%
China Petroleum & Chemical 0.04%
Itochu Corp 0.04%
Lyondellbasell Industries Class A 0.04%
Ck Hutchinson Holdings Ltd 0.03%
Marubeni Corp 0.03%
Phillips 66 0.03%
Repsol SA 0.03%
Sojitz Corporation 0.03%
Tenaga Nasional Berhad 0.03%
Lg Corp 0.02%
Lg Uplus Corp 0.02%
Mitsui Co Ltd 0.02%
Motor Oil Corinth Refineries SA 0.02%
Nrg Energy Inc 0.02%
OMV AG 0.02%
Vistra Corp 0.02%
Centrica PLC 0.01%

Weapons

Walmart De Mexico Sab De 0.22%
Amphenol Corporation - Class A 0.18%
Dicks Sporting Goods Inc. 0.06%
Canadian Tire Corp - Class A 0.03%

Gambling

Flutter Entertainment PLC 0.24%
Sky City Entertainment Group 0.19%
Aristocrat Leisure Limited 0.18%
Sky City Ltd 0.12%
The Lottery Corp Ltd 0.10%

Alcohol

Heineken Nv 0.68%
Diageo PLC 0.57%
Pernod-Ricard SA 0.40%
Treasury Wine Estates Limited 0.15%
Carlsberg As - B Shs 0.13%
Molson Coors Beverage Co 0.06%
Beijing Enterprises Limited 0.02%

Human Rights & Environmental Violations

Nestle SA 1.02%
Thermo Fisher Scientific Inc 0.80%
BHP Billiton Ltd 0.66%
Bayer AG 0.27%
Rio Tinto Limited 0.20%
Duke Energy Corporation 0.16%
Shell PLC 0.05%
Archer Daniels Midland Co 0.04%
China Petroleum & Chemical 0.04%
Johnson & Johnson 0.03%
Adeka Corp 0.02%
Teva Pharmaceutical Industries Limited 0.02%
Wells Fargo & Co Callable Medium Term Note 24-Mar-28 24-Mar-28 Us95000U2V48 0.01%

Animal Testing

Nestle SA 1.02%
LVMH Moet Hennessy 0.73%
Danone 0.38%
Coca Cola Co 0.36%
Koninklijke Dsm Nv 0.34%
Air Liquide 0.32%
PPG Industries Inc 0.29%
Bayer AG 0.27%
3M Company 0.26%
Rentokil Initial PLC 0.18%
Burberry Group PLC 0.17%
Colgate Palmolive Co 0.17%
Akzo Nobel N.V 0.16%
Orica Ltd 0.12%
Hermes International 0.09%
Sherwin-Williams Co 0.09%
Koninklijke Ahold Delhaize Nv 0.06%
Molson Coors Beverage Co 0.06%
The Kraft Heinz Company 0.06%
The Mosaic Company 0.06%
Shell PLC 0.05%
Archer Daniels Midland Co 0.04%
China Petroleum & Chemical 0.04%
Eastman Chemical Co 0.04%
Lyondellbasell Industries Class A 0.04%
Tyson Foods Inc-Cl A 0.04%
Celanese Corporation Series A 0.03%
Huntsman Corp 0.03%
Yara International Asa 0.03%
Adeka Corp 0.02%
Ingredion Inc 0.02%
Mitsubishi Gas Chemical Co 0.02%
Solvay SA 0.02%
Tesco PLC 0.02%
Xerox Corp 0.02%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Fri Sept. 30th 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.

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 Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • Visa Inc
    United States International Equities
    1.4%
  • Cash Deposit (J.P. Morgan USD)
    United States Cash and Equivalents A-1
    1.33%
  • Nestle SA
    Switzerland International Equities
    1.02%
  • Fisher and Paykel Healthcare
    New Zealand Australasian Equities
    0.99%
  • Hdfc Bank Ltd - Adr
    United States International Equities
    0.89%
  • Thermo Fisher Scientific Inc
    United States International Equities
    0.8%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    0.8%
  • Roche Holding AG
    Switzerland International Equities
    0.79%
  • LVMH Moet Hennessy
    France International Equities
    0.73%
  • Boston Scientific
    United States International Equities
    0.72%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Fri Sept. 30th 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% 0.08%
New Zealand Fixed Interest 4.0% 5.07%
International Fixed Interest 12.0% 10.52%
Australasian Equities 15.0% 16.49%
International Equities 53.0% 54.61%
Listed Properties 9.0% 9.75%
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 Fri Sept. 30th 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).

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:
    2.03%
  • Animal Testing:
    5.85%
  • Fossil Fuels:
    4.42%
  • Gambling:
    0.83%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    3.43%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.49%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Fri Sept. 30th 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.

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 $330M NZD
Period of data report Fri Sept. 30th 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 (4 years, 3 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, 7 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, 7 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, 7 months)
Previously: Head of Investment Implementation, ANZ Bank New Zealand Limited (2 years, 2 months)

Helen Skinner

Currently: Head of Responsible Investing (0 years, 4 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 Fri Sept. 30th 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.