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

    • Meta Platforms Inc-Class A 0.38%
    • Thermo Fisher Scientific Inc 0.23%
    • Nestle SA-Reg 0.20%
    • Johnson & Johnson 0.19%
    • Caterpillar Inc 0.05%
    • Credit Suisse Group AG 0.05%
    • Meta Platforms Inc 0.03%
    • Uber Technologies Inc 0.03%
    • Motorola Solutions Inc 0.01%
    • Thermo Fisher Scientific 0.01%
    • BHP Group Ltd 0.44% !!
      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
    • Nutrien Ltd 0.12%
    • 3M Co 0.07%
    • Archer-Daniels-Midland Co 0.04%
    • Bayer AG-Reg 0.01%
    • Posco 0.01%
    • Procter & Gamble Co/The 0.25%
    • Colgate-Palmolive Co 0.24%
    • Ecolab Inc 0.16%
    • Unilever PLC 0.14%
    • Kimberly-Clark Corp 0.12%
    • Nutrien Ltd 0.12%
    • Air Liquide SA 0.09%
    • Symrise AG 0.09%
    • 3M Co 0.07%
    • Dow Inc 0.07%
    • Koninklijke Ahold Delhaize N 0.07%
    • Ultrapar Particpac-Spon Adr 0.07%
    • Burberry Group PLC 0.06%
    • L'Oreal 0.06%
    • Prada S.P.A. 0.06%
    • Sherwin-Williams Co/The 0.06%
    • Estee Lauder Companies-Cl A 0.05%
    • Clorox Company 0.03%
    • Hermes International 0.03%
    • LVMH Moet Hennessy Louis Vui 0.03%
    • PPG Industries Inc 0.02%
    • Shin-Etsu Chemical Co Ltd 0.02%
    • Bayer AG-Reg 0.01%
    • Givaudan-Reg 0.01%
    • Moncler Spa 0.01%
    • Unicharm Corp 0.01%
    • Kongsberg Gruppen Asa 0.05%
    • Walmart Inc 0.03%
    • Amphenol Corp-Cl A 0.02%
    • Contact Energy Ltd 1.77% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.44% !!
      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
    • Genesis Energy Ltd 0.28%
    • Iberdrola SA 0.15% 1.5°C
      This company is on a 1.5°C pathway
    • Nextera Energy Inc 0.08%
    • Itochu Corp 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
    • Marubeni Corp 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
    • Parkland Corp 0.07%
    • Samsung C&T Corp 0.07%
    • Orsted A/S 0.06% 1.5°C
      This company is on a 1.5°C pathway
    • Engie SA 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
    • Constellation Energy 0.03%
    • Lg Corp 0.03%
    • Southern Co/The 0.03%
    • China Longyuan Power Group-H 0.02%
    • Consolidated Edison Inc 0.02%
    • E.On Se 0.02%
    • Entergy Corp 0.02%
    • Fairfax Financial Hldgs Ltd 0.02%
    • Kunlun Energy Co Ltd 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
    • Oci Nv 0.02%
    • Public Service Enterprise Gp 0.02%
    • Sempra Energy 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
    • Vistra Corp 0.02%
    • Compagnie De Saint Gobain 0.01%
    • Electricite De France SA 0.01%
    • Southern Co 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. 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 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 $93.3M NZD
Period of data report 30th Sept. 2023
Fund started 1st Dec. 1994
Total annual fund fees 0.86%
Total performance based fees 0.0%
Manager's basic fee 0.86%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Nigel Jackson

Currently: Chief Executive Officer – BT Funds Management (NZ) Limited (1 years, 2 months)
Previously: Head of Investments (1 years, 6 months)

Philip Houghton-Brown

Currently: Head of Investment Solutions (3 years, 0 months)
Previously: Chief Investment Officer / Head of Investments, Mercer (8 years, 2 months)

Francois Richeboeuf

Currently: Senior Manager (12 years, 11 months)
Previously: Acting Head of Investment Solutions (0 years, 8 months)

Stephen Hong

Currently: Senior Portfolio Manager (11 years, 0 months)
Previously: Portfolio Manager, AXA Global Investors (5 years, 9 months)

Angelika Sansom

Currently: Investment Analytics Manager (22 years, 1 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 30th Sept. 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% -3.88%
2022 1.99% -0.25%
2021 33.68% 26.12%
2020 -4.45% -4.31%
2019 6.12% 6.69%
2018 8.66% 8.59%
2017 7.20% 6.2%
2016 5.40% 3.75%
2015 12.09% 13.61%
2014 9.56% 9.51%

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 Sept. 2023.

Top 10 Investments

  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    2.14%
  • Microsoft Corporation
    United States International Equities
    1.93%
  • Infratil Ltd
    New Zealand Australasian Equities
    1.91%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.73%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    1.63%
  • Apple Inc.
    United States International Equities
    1.62%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.53%
  • Mainfreight Ltd
    New Zealand Australasian Equities
    1.24%
  • Nvidia Corporation
    United States International Equities
    1.02%
  • CSL Limited
    Australia Australasian Equities
    0.96%
Type Target Actual
Cash and Cash Equivalents 3.0% 7.42%
New Zealand Fixed Interest 8.0% 8.24%
International Fixed Interest 9.0% 9.21%
Australasian Equities 25.0% 24.85%
International Equities 47.0% 42.52%
Listed Properties 8.0% 7.76%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
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 Sept. 2023.