Westpac Growth Trust

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Fund type: Growth fund

Past Returns: 7.19%

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

Annual Fees: 1.08%

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

Contact Energy Ltd 1.35%
BHP Group Ltd 0.26%
Anglo American PLC C 0.09%
Atmos Energy Corporation 0.06%
American Electric Power Company, Inc. 0.05%
Ck Asset Holdings Limited 0.05%
Itochu Corporation 0.05%
Loews Corporation 0.05%
Parkland Corporation 0.05%
Sumitomo Chemical Co., Ltd. 0.05%
China Longyuan Power Group Corporation Ltd Class H 0.04%
China Suntien Green Energy Corporation Limited Class H 0.04%
Lg Corp 0.04%
National Grid PLC 0.04%
Sempra Energy 0.04%
Nippon Yusen Kabushiki Kaisha 0.03%
Oci Nv 0.03%
Rwe AG 0.03%
Southern Company 0.03%
Aes Corporation 0.02%
Citic Limited 0.02%
Consolidated Edison, Inc. 0.02%
Constellation Energy Corporation 0.02%
Dte Energy Company 0.02%
Iberdrola SA 0.02%
Israel Electric Corp. Ltd. 6.875% 21-Jun-2023 0.02%
Nextera Energy, Inc. 0.02%
Public Service Enterprise Group Inc 0.02%
Sempra Energy 3.3% 01-Apr-2025 0.02%
Canadian Utilities Limited Class A 0.01%
Lg Corp Pfd Registered Shs Non-Voting 0.01%
Naturgy Energy Group, S.A. 0.01%
Vistra Corp. 0.01%

Weapons

Wal-Mart De Mexico Sab De Cv 0.12%
Amphenol Corporation Class A 0.11%
Chemring Group PLC 0.03%
Mtu Aero Engines AG 0.03%
Singapore Technologies Engineering Ltd 0.03%
Walmart Inc. 0.02%

Tobacco

Alimentation Couche-Tard Inc. 0.04%

Gambling

Sky City Entertainment Group 0.38%
Vici Properties Inc 0.11%
Aristocrat Leisure Ltd 0.07%
Greek Organisation Of Football Prognostics SA 0.05%
Las Vegas Sands Corp. 0.04%
Genting Bhd. 0.02%
Wynn Macau Ltd. 0.02%
888 Holdings PLC 0.01%

Alcohol

Diageo PLC 0.26%
Pernod Ricard SA 0.17%
Heineken Nv 0.13%
Treasury Wine Estates Ltd 0.07%
Carlsberg As Class B 0.05%
Tsingtao Brewery Co., Ltd. Class H 0.04%
Davide Campari-Milano N.V. 0.03%
Kweichow Moutai Co., Ltd. Class A 0.02%

Palm Oil

Energy Absolute Public Co. Ltd. Nvdr 0.01%

Human Rights & Environmental Violations

Thermo Fisher Scientific Inc. 0.33%
Nestle S.A. 0.29%
BHP Group Ltd 0.26%
Johnson & Johnson 0.23%
Nutrien Ltd 0.21%
Rio Tinto Ltd 0.20%
Bayer AG 0.17%
Meta Platforms Inc. Class A 0.12%
Archer-Daniels-Midland Company 0.07%
Bunge Limited 0.05%
Freeport-Mcmoran, Inc. 0.05%
Barrick Gold Corporation 0.04%
Basf Se 0.02%
Credit Suisse Group AG 1.25% 17-Jul-2025 0.02%
Genting Bhd. 0.02%
Thermo Fisher Scientific Inc. 0.125% 01-Mar-2025 0.01%

Animal Testing

LVMH Moet Hennessy Louis Vuitton Se 0.21%
Nutrien Ltd 0.21%
Colgate-Palmolive Company 0.18%
Bayer AG 0.17%
Danone SA 0.17%
Pepsico, Inc. 0.17%
Procter & Gamble Company 0.17%
3M Company 0.16%
Compagnie Financiere Richemont SA 0.16%
Air Liquide SA 0.12%
L'Oreal S.A. 0.12%
Essity Ab Class B 0.11%
International Flavors & Fragrances Inc. 0.10%
Mosaic Company 0.10%
PPG Industries, Inc. 0.10%
Sherwin-Williams Company 0.10%
Coca-Cola Company 0.09%
Estee Lauder Companies Inc. Class A 0.08%
General Mills, Inc. 0.08%
Unilever PLC 0.08%
Archer-Daniels-Midland Company 0.07%
Akzo Nobel N.V. 0.06%
Burberry Group PLC 0.06%
Dow, Inc. 0.06%
Kellogg Company 0.06%
Mondelez International, Inc. Class A 0.06%
Ultrapar Participacoes S.A. Sponsored Adr 0.06%
Prada S.P.A. 0.05%
Sumitomo Chemical Co., Ltd. 0.05%
Canon Inc. 0.04%
Daikin Industries, Ltd. 0.04%
Hermes International Sca 0.04%
Kikkoman Corporation 0.04%
Kraft Heinz Company 0.04%
Ping An Insurance (Group) Company Of China, Ltd. Class H 0.04%
Tate & Lyle PLC 0.04%
Barry Callebaut AG 0.03%
Inner Mongolia Yili Industrial Group Co., Ltd. Class A 0.03%
Symrise AG 0.03%
T. Hasegawa Co., Ltd. 0.03%
Tesco PLC 0.03%
Tyson Foods, Inc. Class A 0.03%
Basf Se 0.02%
Henkel AG & Co. Kgaa 0.02%
Lg H&H Co., Ltd. 0.02%
Reliance Steel & Aluminum Co. 0.02%
Arkema SA 0.01%
Campbell Soup Company 0.01%
Mondelez International, Inc. 1.625% 08-Mar-2027 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 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% -0.25%
2021 32.66% 26.12%
2020 -4.45% -4.31%
2019 6.15% 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%
2013 13.67% 10.96%

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:

  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    1.84%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.56%
  • Mainfreight Ltd
    New Zealand Australasian Equities
    1.53%
  • Ebos Group Ltd
    New Zealand Australasian Equities
    1.52%
  • Infratil Ltd
    New Zealand Australasian Equities
    1.47%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    1.35%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.28%
  • Apple Inc.
    United States International Equities
    1.08%
  • Microsoft Corporation
    United States International Equities
    1.0%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    0.94%

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 3.0% 8.73%
New Zealand Fixed Interest 8.0% 8.25%
International Fixed Interest 9.0% 7.69%
Australasian Equities 25.0% 24.49%
International Equities 47.0% 43.21%
Listed Properties 8.0% 7.63%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
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:
    0.81%
  • Animal Testing:
    3.91%
  • Fossil Fuels:
    2.74%
  • Gambling:
    0.72%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    2.17%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.04%
  • Weapons:
    0.35%

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 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 $100M NZD
Period of data report Fri Sept. 30th 2022
Fund started Thu Dec. 1st 1994
Total annual fund fees 1.08%
Total performance based fees 0.0%
Manager's basic fee 1.04%
Other management and administration charges 0.04%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Nigel Jackson

Currently: Chief Executive Officer – BT Funds Management (NZ) Limited (0 years, 2 months)
Previously: Head of Investments (1 years, 6 months)

Philip Houghton-Brown

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

Francois Richeboeuf

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

Stephen Hong

Currently: Senior Portfolio Manager (10 years, 0 months)
Previously: Portfolio Manager, AXA Global Investors (5 years, 9 months)

Angelika Sansom

Currently: Investment Analytics Manager (21 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 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.