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 0.90%
    • Johnson & Johnson 0.31%
    • Nestle SA-Reg 0.31%
    • Wells Fargo & Co 0.17%
    • Uber Technologies Inc 0.12%
    • Motorola Solutions Inc 0.09%
    • Thermo Fisher Scientific Inc 0.08%
    • Caterpillar Inc 0.07%
    • Centrais Eletricas Brasilier 0.04%
    • Ubs Group AG-Reg 0.04%
    • Li Ning Co Ltd 0.03%
    • Mtn Group Ltd 0.02%
    • Palantir Technologies Inc-A 0.02%
    • Credit Suisse Group AG 0.01%
    • Credit Suisse New York 0.01%
    • Glencore PLC 0.01%
    • Ubs Group AG 0.01%
    • Chevron Corp 0.17% !!
      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
    • Duke Energy Corp 0.12%
    • Freeport-Mcmoran Inc 0.11%
    • Vale SA-Sp Adr 0.10%
    • Zijin Mining Group Co Ltd-H 0.10%
    • Shell PLC 0.09% !!
      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
    • P G & E Corp 0.08%
    • 3M Co 0.03%
    • Evergreen Marine Corp Ltd 0.03%
    • Archer-Daniels-Midland Co 0.02%
    • Barrick Gold Corp 0.02%
    • Basf Se 0.02%
    • Fmc Corp 0.02%
    • Vale SA 0.02%
    • Bayer AG 0.01%
    • Bayer AG-Reg 0.01%
    • BHP Group Ltd 0.01% !!
      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
    • Corteva Inc 0.01%
    • Glencore PLC 0.01%
    • Nutrien Ltd 0.01%
    • Shell PLC-Adr 0.01% !!
      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
    • Southern Copper Corp 0.01%
    • Procter & Gamble Co/The 0.26%
    • LVMH Moet Hennessy Louis Vui 0.23%
    • Exxon Mobil Corp 0.22% !!
      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
    • Chevron Corp 0.17% !!
      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
    • Unilever PLC 0.17%
    • Sherwin-Williams Co/The 0.14%
    • L'Oreal 0.12%
    • Colgate-Palmolive Co 0.10%
    • Kao Corp 0.09%
    • Reliance Industries Ltd 0.09% !!
      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
    • Seiko Epson Corp 0.09%
    • Shell PLC 0.09% !!
      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
    • Ecolab Inc 0.06%
    • Moncler Spa 0.05%
    • Givaudan-Reg 0.04%
    • Hermes International 0.04%
    • PPG Industries Inc 0.04%
    • Shiseido Co Ltd 0.04%
    • 3M Co 0.03%
    • Akzo Nobel N.V. 0.03%
    • Asian Paints Ltd 0.03%
    • Church & Dwight Co Inc 0.03%
    • Clorox Company 0.03%
    • Intl Flavors & Fragrances 0.03%
    • Kimberly-Clark Corp 0.03%
    • Shin-Etsu Chemical Co Ltd 0.03%
    • Ashland Llc 0.02%
    • Basf Se 0.02%
    • Beijing Oriental Yuhong-A 0.02%
    • Cabot Oil & Gas Corp 0.02%
    • Dow Inc 0.02%
    • Dupont De Nemours Inc 0.02%
    • Estee Lauder Companies-Cl A 0.02%
    • Fmc Corp 0.02%
    • Henkel AG & Co Kgaa Vor-Pref 0.02%
    • Nippon Paint Holdings Co Ltd 0.02%
    • Tyson Foods Inc-Cl A 0.02%
    • Bayer AG 0.01%
    • Bayer AG-Reg 0.01%
    • Braskem SA-Pref A 0.01%
    • Corteva Inc 0.01%
    • Dow Chemical Co/The 0.01%
    • Eni Spa 0.01% !!
      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
    • Intl Flavor & Fragrances 0.01%
    • Kering 0.01%
    • Koninklijke Ahold Delhaize N 0.01%
    • Nutrien Ltd 0.01%
    • Shell PLC-Adr 0.01% !!
      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
    • Sherwin-Williams Co 0.01%
    • Solvay SA 0.01%
    • Tyson Foods Inc 0.01%
    • Yakult Honsha Co Ltd 0.01%
    • Zf Europe Finance Bv 0.01%
    • Walmart Inc 0.11%
    • Howmet Aerospace Inc 0.04%
    • Mtu Aero Engines AG 0.04%
    • Rolls-Royce Holdings PLC 0.04%
    • Amphenol Corp-Cl A 0.03%
    • Bharat Electronics Ltd 0.03%
    • Heico Corp 0.03%
    • Hindustan Aeronautics Ltd 0.03%
    • Transdigm Group Inc 0.03%
    • Booz Allen Hamilton Holdings 0.02%
    • Heico Corp-Class A 0.02%
    • Kongsberg Gruppen Asa 0.02%
    • Booz Allen Hamilton Inc 0.01%
    • Daikin Industries Ltd 0.01%
    • Dick's Sporting Goods Inc 0.01%
    • Fluor Corp 0.01%
    • Rheinmetall AG 0.01%
    • Contact Energy Ltd 1.07% 1.5°C
      This company is on a 1.5°C pathway
    • Cheniere Energy Inc 0.26% !!
      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
    • Nextera Energy Inc 0.25%
    • Exxon Mobil Corp 0.22% !!
      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
    • Enbridge Inc 0.19% !!
      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
    • Chevron Corp 0.17% !!
      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
    • Iberdrola SA 0.14% 1.5°C
      This company is on a 1.5°C pathway
    • Southern Co/The 0.14%
    • Targa Resources Corp 0.14%
    • Suncor Energy Inc 0.13% !!
      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
    • Duke Energy Corp 0.12%
    • Genesis Energy Ltd 0.12%
    • Oneok Inc 0.12%
    • Williams Cos Inc 0.12% !!
      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
    • Xcel Energy Inc 0.12%
    • Vale SA-Sp Adr 0.10%
    • Delta Air Lines Inc 0.09%
    • Petroleo Brasileiro-Spon Adr 0.09% !!
      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
    • Reliance Industries Ltd 0.09% !!
      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
    • Shell PLC 0.09% !!
      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
    • Conocophillips 0.08% !!
      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 0.08%
    • E.On Se 0.08%
    • P G & E Corp 0.08%
    • Dominion Energy Inc 0.07%
    • Kinder Morgan Inc 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
    • Sempra Energy 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
    • Ugi Corp 0.07%
    • Channel Infrastructure NZ Lt 0.06%
    • Consolidated Edison Inc 0.06%
    • Dt Midstream Inc 0.06%
    • Enel Spa 0.06% 1.5°C
      This company is on a 1.5°C pathway
    • Engie 0.06% !!
      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
    • Eog Resources Inc 0.06% !!
      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
    • Halliburton Co 0.06%
    • National Grid PLC 0.06% !!
      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
    • Pembina Pipeline Corp 0.06% !!
      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
    • Saudi Arabian Oil Co 0.06% !!
      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
    • Total SA 0.06%
    • Electricite De France SA 0.05%
    • Enn Energy Holdings Ltd 0.05%
    • Kansai Electric Power Co Inc 0.05%
    • Orsted A/S 0.05% 1.5°C
      This company is on a 1.5°C pathway
    • Tc Energy Corp 0.05% !!
      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
    • Valero Energy Corp 0.05%
    • Altagas Ltd 0.04%
    • BP PLC 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
    • Centerpoint Energy Inc 0.04%
    • Centrais Eletricas Brasilier 0.04%
    • Chubu Electric Power Co Inc 0.04%
    • Entergy Corp 0.04%
    • Intertek Group PLC 0.04%
    • Marathon Petroleum Corp 0.04%
    • Public Service Enterprise Gp 0.04%
    • Texas Pacific Land Corp 0.04%
    • Aluminum Corp Of China Ltd-A 0.03%
    • Aluminum Corp Of China Ltd-H 0.03%
    • Devon Energy Corp 0.03% !!
      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
    • Eneos Holdings Inc 0.03%
    • Equinor Asa 0.03% !!
      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
    • Firstenergy Corp 0.03%
    • Franco-Nevada Corp 0.03%
    • Jardine Matheson Hldgs Ltd 0.03%
    • Mitsubishi Corp 0.03% !!
      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
    • Mitsui & Co Ltd 0.03% !!
      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
    • Nrg Energy Inc 0.03%
    • Phillips 66 0.03%
    • Snam Spa 0.03% !!
      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
    • Ampol Ltd 0.02%
    • Apa Group 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
    • Atmos Energy Corp 0.02%
    • BP PLC-Spons Adr 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
    • Citic Securities Co Ltd-H 0.02%
    • Diamondback Energy Inc 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
    • Dte Energy Company 0.02%
    • Enel Finance Intl Nv 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Energias De Portugal SA 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Galp Energia Sgps SA 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
    • Hera Spa 0.02%
    • Hess Corp 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
    • Hf Sinclair Corp 0.02%
    • Icahn Enterprises/Fin 0.02%
    • Itochu Corp 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
    • Kosmos Energy 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
    • National Grid PLC-Sp Adr 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
    • Neste Oyj 0.02%
    • Petrobras Global Finance 0.02%
    • Pioneer Natural Resources Co 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
    • Tc Pipelines, Lp 0.02%
    • Vale SA 0.02%
    • Woodside Energy Group 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
    • Ypf S.A.-D Block 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
    • BHP Group Ltd 0.01% !!
      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
    • Canadian Natural Resources 0.01% !!
      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
    • Centrica PLC 0.01%
    • Clearway Energy Op Llc 0.01%
    • Clp Holdings Ltd 0.01%
    • Dassault Systemes Se 0.01%
    • Dcp Midstream Operating 0.01%
    • Edp-Energias De Portugal SA 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Eni Spa 0.01% !!
      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
    • Ep Infrastructure As 0.01%
    • Eqm Midstream Partners L 0.01%
    • Fluor Corp 0.01%
    • Glencore PLC 0.01%
    • Infraestructura Energeti 0.01%
    • Keyera Corp 0.01% !!
      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
    • Power Assets Holdings Ltd 0.01%
    • Repsol SA 0.01% !!
      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
    • Shell PLC-Adr 0.01% !!
      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
    • Tullow Oil PLC 0.01% !!
      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
    • Weir Group PLC (The) 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 31st March 2024 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

Growth invests predominantly in growth assets with a smaller percentage in income assets. It is expected to provide returns after tax and investment expenses of 3.75% above inflation over rolling 10-year periods. There is a reasonable small risk (approximately 1 in 20 years) of a member losing more than 12.5% in any year, with a current likelihood of a negative return of 1 year in every 4.

Value $528M NZD
Period of data report 31st March 2024
Fund started 1st Oct. 2004
Total annual fund fees 0.62%
Total performance based fees 0.0%
Manager's basic fee 0.0%
Other management and administration charges 0.62%
Total other charges 0.0
Total other charges currency NZD

Tim Bluett

Currently: Board member of UniSaver Limited (0 years, 3 months)
Previously: (None years, None months)

Amanda Derry

Currently: Board member of UniSaver Limited (1 years, 1 months)
Previously: (None years, None months)

Guy Fisher

Currently: Head of Investment Consulting, Russell Investments (2 years, 9 months)
Previously: Senior Consultant, Russell Investments (2 years, 8 months)

Sarah Graydon

Currently: Board member of UniSaver Limited (and licensed independent trustee) (4 years, 9 months)
Previously: Scheme trustee (various) (current position) (13 years, 3 months)

Ian Russon

Currently: Board member of UniSaver Limited (7 years, 3 months)
Previously: Head of Financial Institutions & Public Sector, BNZ (5 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2024.

  • No attachments

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
2024 12.57% 13.88%
2023 -4.05% -5.03%
2022 1.38% 3.69%
2021 27.68% 32.3%
2020 -4.45% -9.22%
2019 6.12% 5.04%
2018 8.66% 9.33%
2017 7.20% 10.53%
2016 5.40% 2.46%
2015 12.09% 15.72%

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 31st March 2024.

Top 10 Investments

  • ANZ Wholesale Cash Fund
    New Zealand Cash and Equivalents
    3.13%
  • Microsoft Corp
    United States International Equities
    1.99%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    1.59%
  • Apple Inc
    United States International Equities
    1.26%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.2%
  • Infratil Ltd
    New Zealand Australasian Equities
    1.14%
  • Nvidia Corp
    United States International Equities
    1.13%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.09%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    1.07%
  • Meta Platforms Inc
    United States International Equities
    0.9%
Type Target Actual
Cash and Cash Equivalents 2.0% 3.13%
New Zealand Fixed Interest 4.0% 3.86%
International Fixed Interest 10.0% 10.29%
Australasian Equities 15.0% 13.92%
International Equities 51.5% 53.42%
Listed Properties 4.5% 3.91%
Unlisted Properties 0.0% 0.0%
Other 13.0% 11.47%
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 31st March 2024.