Westpac Growth Trust

Not Mindful

Type: Growth fund

Past Returns: 3.66%

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

Annual Fees: 1.42%

Annual fees, including any membership and % management 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

American Electric Power Company, Inc. 0.05%
Anglo American PLC 0.04%
BHP Group PLC 0.02%
Devon Energy Corporation 0.01%
Enagas SA 0.02%
Engie SA 0.02%
Eni S.P.A. 0.02%
Exxon Mobil Corporation 0.01%
Firstenergy Corp. 2.65% 01-Mar-2030 0.01%
Hess Corporation 3.5% 15-Jul-2024 0.01%
Japan Petroleum Exploration Co., Ltd. 0.02%
Kinder Morgan Inc Class P 0.04%
Kinder Morgan, Inc. 5.0% 15-Feb-2021 0.02%
Magellan Midstream Partners, L.P. 0.04%
Marubeni Corporation 0.02%
Nextera Energy, Inc. 0.10%
Reliance Industries Limited Sponsored Gdr 144A 0.02%
Royal Dutch Shell PLC Class B 0.01%
Rwe AG 0.04%
Southwestern Energy Company 0.02%
Sunoco Logistics Partners Operations Lp 4.25% 01-Apr-2024 0.01%
Sunoco Logistics Partners Operations Lp 4.4% 01-Apr-2021 0.01%

Weapons

Booz Allen Hamilton Holding Corporation Class A 0.01%
Chemring Group PLC 0.03%

Tobacco

Gambling

Caesars Entertainment Corp 0.02%
Galaxy Entertainment Group Limited 0.05%
Genting Bhd. 0.02%
Genting Singapore Limited 0.02%
Kangwon Land, Inc. 0.01%
Las Vegas Sands Corp. 0.03%
Melco Resorts and Entertainment Ltd Shs Sponsored American Deposit Receipt Repr 3 Shs 0.04%
Mgm China Holdings Limited 0.02%
Playtech PLC 0.02%
Sands China Ltd. 0.01%
Sky City Entertainment Group 0.26%
Wynn Macau Ltd. 0.02%

Alcohol

Ambev SA 0.02%
Ambev SA Sponsored Adr 0.04%
Anheuser-Busch Cos. Llc 3.65% 01-Feb-2026 0.03%
Anheuser-Busch Inbev SA/Nv @Na 02-Apr-2032 0.01%
Carlsberg A/S Class B 0.07%
Davide Campari-Milano S.P.A. 0.03%
Diageo PLC 0.22%
Heineken Nv 0.07%
LVMH Moet Hennessy Louis Vuitton Se 0.27%
Pernod Ricard SA 0.17%

Palm Oil

Genting Bhd. 0.02%
Malaysia Airports Holdings Bhd. 0.02%

GMOs

Basf Se 0.02%
Bayer AG 0.23%
Novartis AG 0.06%
Stora Enso Oyj Class R 0.03%

Human Rights & Environmental Violations

BHP Group PLC 0.02%
Freeport-Mcmoran, Inc. 0.04%
Genting Bhd. 0.02%
Jbs S.A. 0.01%
Johnson & Johnson 0.22%
Nestle S.A. 0.38%
Petroleo Brasileiro SA Pfd 0.02%
Rio Tinto Ltd 0.09%
Rio Tinto PLC 0.05%
Royal Dutch Shell PLC Class B 0.01%

Animal Testing

Air Liquide SA 0.100%
Akzo Nobel N.V. 0.090%
Basf Se 0.020%
Bayer AG 0.230%
Beiersdorf AG 0.040%
Burberry Group PLC 0.030%
Coca-Cola Bottlers Japan Holdings Inc. 0.020%
Coca-Cola Company 0.050%
Coca-Cola Hbc AG 0.020%
Colgate-Palmolive Company 0.200%
Danone SA 0.140%
Ecolab Inc. 0.050%
Estee Lauder Companies Inc. Class A 0.050%
General Mills, Inc. 0.040%
Givaudan SA 0.040%
Glaxosmithkline PLC 0.010%
Henkel AG & Co. Kgaa 0.020%
Johnson & Johnson 0.220%
Kikkoman Corporation 0.030%
Kimberly-Clark Corporation 0.020%
Kraft Heinz Company 0.020%
L'Oreal SA 0.040%
LVMH Moet Hennessy Louis Vuitton Se 0.270%
Nestle S.A. 0.380%
Pepsico, Inc. 0.060%
PPG Industries, Inc. 0.080%
Procter & Gamble Company 0.150%
Reckitt Benckiser Group PLC 0.190%
Royal Dutch Shell PLC Class B 0.010%
Symrise AG 0.040%
Unilever Nv 0.030%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 2020 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 and research organisations.

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
2020	-4.35%	-4.31%
2019	6.14%	6.69%
2018	7.69%	8.59%
2017	8.26%	6.2%
2016	5.40%	3.75%
2015	12.09%	13.61%
2014	9.56%	9.51%
2013	13.67%	10.96%
2012	0.62%	4.23%
2011	6.07%	9.58%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

Fisher & Paykel Healthcare Ltd
New Zealand Australasian Equities

4.42%
A2 Milk Company Ltd
New Zealand Australasian Equities

3.94%
K2 Alternative Strategies NZ Portfolio
Cayman Islands Other

3.91%
Spark New Zealand Ltd
New Zealand Australasian Equities

2.06%
Contact Energy Ltd
New Zealand Australasian Equities

1.42%
Auckland International Airport Ltd
New Zealand Australasian Equities

1.34%
Ebos Group Ltd
New Zealand Australasian Equities

1.26%
Meridian Energy Limited
New Zealand Australasian Equities

1.16%
Mainfreight Ltd
New Zealand Australasian Equities

1.05%
Kiwi Property Group Ltd
New Zealand Listed Property

1.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Tue June 30th 2020.

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

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	3.0%	3.07%
New Zealand Fixed Interest	8.0%	10.59%
International Fixed Interest	9.0%	10.38%
Australasian Equities	27.0%	27.32%
International Equities	39.0%	36.24%
Listed Properties	9.0%	7.4%
Unlisted Properties	0.0%	0.0%
Other	5.0%	5.0%
Commodities	0.0%	0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 2020.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a 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:

0.98%
Animal Testing:

2.75%
Fossil Fuels:

0.76%
Gambling:

0.54%
GMOs:

0.35%
Human Rights & Environmental Violations:

0.89%
Palm Oil:

0.04%
Tobacco:

0.01%
Weapons:

0.06%

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

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.

In their own words

"The Growth Trust aims to provide higher returns over the long term. The fund invests primarily in growth assets but also has an allocation to income assets. Volatility is expected to be the highest of the funds in the Westpac Active Series."

Value	$120M NZD
Period of data report	Tue June 30th 2020
Members	Not provided
Fund started	Thu Dec. 1st 1994
Total annual fund fees	1.42%
Total performance based fees	0.0%
Manager's basic fee	1.32%
Administration charges	0.1%
Total other charges	0.0
Total other charges currency	NZD

Key Personnel

Nigel Jackson	Currently: Acting Head of Investments & Insurance (3 years, 4 months) Previously: Head of Customer Proposition (7 years, 7 months)
Francois Richeboeuf	Currently: Acting Head of Investment Solutions (0 years, 5 months) Previously: Senior Portfolio Manager (9 years, 2 months)
Stephen Hong	Currently: Senior Portfolio Manager (7 years, 9 months) Previously: Portfolio Manager AXA Global Investors (5 years, 9 months)
Angelika Sansom	Currently: Investment Analytics Manager (18 years, 10 months) Previously: Investment Consultant Mercer (2 years, 4 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Portfolio holdings v