Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
PepsiCo Environmental Damage
The world’s second largest source of plastic garbage in the world’s oceans, which has devastating impacts on our oceans, wreaking havoc on wildlife and sending plastic particles into the food chain. Alongside other large companies who use plastics, PepsiCo appeared to lobby against some improvements propopsed by the Global Plastics Treaty.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Coca-Cola Bottler Environmental Damage
Manufacture and bottle Coca-Cola beverages under licence. Collectively the Coca-Cola related entities produce the most plastic rubbish in our oceans at 3 million tons of plastic packaging annually, which has devastating impacts on our oceans, wreaking havoc on wildlife and sending plastic particles into the food chain.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Mondelez Environmental Damage
The fifth largest producer worldwide of plastics in our oceans. It is seen by some investors as having unambitious recycling goals which it is also not meeting. Mondelez has also been linked to deforestation and child labour due to its operations.
Barrick Mining
0.18%
Environmental Damage
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Freeport-Mcmoran Inc Environmental Damage
Owns the Grasberg mine in Indonesia where tailings are disposed directly into a river. Note, this type of disposal is banned in most countries. The pollution causes significant negative impact to the health of indigenous communities and wildlife in a biodiversity hotspot.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
The Coca-Cola Company Environmental Damage
Collectively the Coca-Cola related entities produce the most plastic rubbish in our oceans at 3 million tons of plastic packaging annually, which has devastating impacts on our oceans, wreaking havoc on wildlife and sending plastic particles into the food chain. Coca-Cola has also been subject to several lawsuits relating to marketing claims about the sustainability of its products.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Mowi Asa Environmental Damage
The Norwegian-based seafood company is heavily involved in the aquaculture industry, accounting for 23% of the global salmon market. They have been criticised for malpractice by NGO, Wildfish, for using chemical pesticides and causing animal harm in their Scottish salmon farms and by First Nation groups for environmental damage and biodiversity loss in Canada.
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Occupied Palestinian Territories
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
War & Conflict
Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
Caterpillar Fossil Fuel ProductionWar & Conflict
Caterpillar’s bulldozers have been used in ways that seriously harm the human rights of Palestinians in Occupied Territories e.g. demolition of homes. Bullozers have also been complicit in human rights abuses in Myanmar & West Sahara. Under UN Principles, companies have obligations to prevent Human Rights breaches from product use in situations of conflict. They also provide specialist equipment to the oil and gas sector.
Barrick Mining
0.18%
Environmental Damage
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
L'Oréal SA Animal Testing
L'Oréal is a personal care company and cosmetics company. The company states it has been at the forefront of alternative methods for decades and stopped all testing in 1989. However, L'Oréal sells in China where there are requirements for animal testing on certain products such as sunscreen and hair dye.
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Procter & Gamble Co. Animal Testing
Procter & Gamble Co. is a consumer products company involved in home goods, cosmetics and healthcare products. The company says they are committed to being cruelty free and ending animal testing, but are still involved in animal testing their cosmetic products, particularly on ingredients for cosmetics.
Air Liquide
0.15%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Church & Dwight Co., Inc.
0.10%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Shin-Etsu Chemical Co., Ltd.
0.08%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Beiersdorf AG
0.05%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.
Meta Platforms, Inc. Public Safety
The world’s largest social network (Facebook, Instagram, Messenger, WhatsApp). Company has faced claims and legal actions due to mental health harm (notably to young people), breaches of user privacy / data rights, and the spread of misinformation. Inadequate moderating in non-English speaking countries (e.g. Myanmar) allowed the platform to be used to incite ethnic violence. Removal of content moderation from strt of 2025 increases risk of social and political harm.
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
Tesla Business Ethics
Tesla has been involved in violations across human rights categories including business ethics due to CEO leadership style, limiting of shareholder rights and poor governance. There have also been big safety and human rights concerns with Tesla’s supply chain and production line.
Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.
Johnson & Johnson Public Safety
Johnson & Johnson is the world's largest and most diverse healthcare firm. There have been repeated incidents related to the quality and safety of several of its products across drugs, devices, and consumer products. There have also been exceptionally high number of liability claims relating to talc-based products and links to cancers.
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
Thermo Fisher Scientific Human Rights Abuses
Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. Thermo Fisher DNA testing kits have been linked to surveillance and discriminatory purposes by the legal authorities in Xinjiang (a region of China) for monitoring and tracking the Muslim Uyghur ethnic group and other minorities. Evidence that DNA sequencing products continue to be distributed in China, despite the company announcing it would halt sales to the region.
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Occupied Palestinian Territories
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
War & Conflict
Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
Caterpillar Fossil Fuel ProductionWar & Conflict
Caterpillar’s bulldozers have been used in ways that seriously harm the human rights of Palestinians in Occupied Territories e.g. demolition of homes. Bullozers have also been complicit in human rights abuses in Myanmar & West Sahara. Under UN Principles, companies have obligations to prevent Human Rights breaches from product use in situations of conflict. They also provide specialist equipment to the oil and gas sector.
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Occupied Palestinian Territories
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
War & Conflict
Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
IBM War & Conflict
Develops and operates Israel’s Population Registry System which holds information on residents of Occupied Palestinian Territories. The registry enables control of work and travel permits for Palestinians. This supports severe violations of human rights including freedom of movement and data privacy rights.
Where the actions of companies have violated global standards on labour rights and freedoms; including poor treatment of workers, child and forced labour, and modern slavery.
Uber Technologies, Inc. Labour Rights Violations
A ride and food delivery service provider. As Uber considers its drivers to be contractors, this limits their employee rights to the minimum wage, and providing the same benefits and rights as traditional taxi companies.
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Occupied Palestinian Territories
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
War & Conflict
Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
Volvo Group War & Conflict
Volvo’s bulldozers have been used in ways that seriously harm the human rights of Palestinians in Occupied Territories e.g. demolition of property. Under UN Principles, companies have obligations to prevent Human Rights breaches from product use in situations of conflict. Note Volvo cars is a separate entity not involved in this harm.
Toronto-Dominion Bank
0.19%
Business Ethics
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
General Motors
0.15%
Public Safety
Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.
Holcim
0.15%
Business Ethics
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
Saint-Gobain
0.13%
Public Safety
Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
UBS Business Ethics
Acquired Credit Suisse in 2023, a bank with very poor governance which aided clients with tax evasion and money laundering. As a result, UBS has inherited ongoing regulatory fines and lawsuits relating to these failures. UBS has also been subject to lawsuits relating to its own manipulation of foreign exchange and interbank rates. It holds a provision of USD $4bn for claims (which may not be sufficient).
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Occupied Palestinian Territories
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
War & Conflict
Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
Airbnb War & Conflict
Online travel platforms, are complicit in the severe human rights violations to Palestinians from illegal settlement in Occupied Palestinian Territories. Promotion of tourism to these settlements normalises annexation and provides income supporting settlement. Under UN Principles, companies have obligations to prevent Human Rights breaches from services in situations of conflict.
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Occupied Palestinian Territories
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
War & Conflict
Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
Motorola Solutions Inc War & Conflict
Motorola is an American provider of communication products, video equipment, telecommunications equipment, software, systems, and services. Motorola Solutions and its subsidiary, Motorola Israel, have been accused of complicity in human rights violations due to its sale of communication products to the Israeli Ministry of Defence in the occupied Palestinian territories. Israeli settlements in occupied Palestinian territories are deemed illegal under international law.
Maersk
0.09%
OPT
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Occupied Palestinian Territories
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
War & Conflict
Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Occupied Palestinian Territories
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
War & Conflict
Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
Booking Holdings War & Conflict
Online travel platforms, are complicit in the severe human rights violations to Palestinians from illegal settlement in Occupied Palestinian Territories. Promotion of tourism to these settlements normalises annexation and provides income supporting settlement. Under UN Principles, companies have obligations to prevent Human Rights breaches from services in situations of conflict.
Where companies are involved in the manufacturing or retail of firearms, including guns, rifles, pistols, or components or services thereof.
W. W. Grainger Firearms
W.W. Grainger is a trading and distribution company which makes riot protection equipment, such as body protection systems, shields and batons. Manufacturing of equipment for riot control is concerning due to its usage against civilian populations.
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Occupied Palestinian Territories
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Military Weapons
Where companies derive revenue from the manufacturing of weapons or weapon components and services to the defence industry. We do not include non-weapons-related military support.
Amphenol Corp. Military Weapons
Amphenol are a US company manufacturing electronic components. They supply services to the military weapons industry through interconnect systems which have applications in harsh conditions for the military and aerospace sectors, specificially weapons release connectors.
Fund Provider Response
As at 30 June 2026, the fund has divested all holdings from Motorola Solutions, Airbnb and Booking Holdings.
The Wealth Geared Growth Fund is suited to investors who seek higher returns, including increased potential returns via leverage, on average over extended periods (fifteen years plus), allowing for more significant short to medium term ups and downs, whilst excluding investments which do not satisfy certain responsible investment criteria. We aim to achieve this by investing predominantly in growth assets, with little or no allocation to income assets, the use of leverage to provide increased exposure, and the application of our Approach to Responsible Investing policy.
Booster has been looking after New Zealanders’ money since 1998. And we’re proudly Kiwi owned and operated. We’re an independent financial services company, based right here in Wellington. We know that understanding how your money is invested is important to you. It's important to us too. That's why we consider environmental, social and governance risks when we assess investments across all of our core KiwiSaver and Investment funds.
Value
$2.71M NZD
Period of data report
31st March 2026
Fund started
7th March 2025
Total annual fund fees
1.35%
Total performance based fees
0.01%
Manager's basic fee
1.22%
Other management and administration charges
0.12%
Total other charges
0.0
Total other charges currency
NZD
Key Personnel
Nic Craven
Currently: Investment Committee Member (0 years, 10 months)
Previously: Chief Investment Officer, Booster Financial Services (3 years, 10 months)
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
2026
10.96%
9.01%
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 2026.
Investments
Top 10 Investments
Fisher & Paykel Healthcare Corporation Limited
New Zealand
Australasian Equities
4.25%
Nvidia Corp
United States
International Equities
3.77%
Apple Inc
United States
International Equities
3.22%
Auckland International Airport Limited
New Zealand
Australasian Equities
2.64%
Microsoft Corporation
United States
International Equities
2.63%
NZ Cash (BNZ Bank Trust Account)
New Zealand
Cash and Equivalents
A-1+
2.38%
Infratil Limited
New Zealand
Australasian Equities
2.29%
Amazon.Com Inc
United States
International Equities
2.16%
Alphabet Inc (Class C)
United States
International Equities
1.99%
Meridian Energy Limited
New Zealand
Australasian Equities
1.89%
Type
Target
Actual
Cash and Cash Equivalents
1.0%
2.66%
New Zealand Fixed Interest
0.0%
0.02%
International Fixed Interest
0.0%
0.0%
Australasian Equities
29.0%
27.86%
International Equities
60.0%
61.27%
Listed Properties
5.0%
8.19%
Unlisted Properties
5.0%
0.0%
Other
0.0%
0.0%
Commodities
0.0%
0.0%
Investment Mix
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each
fund has filed
with Disclose register to 31st March 2026.
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 2026 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.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
PepsiCo Environmental Damage
The world’s second largest source of plastic garbage in the world’s oceans, which has devastating impacts on our oceans, wreaking havoc on wildlife and sending plastic particles into the food chain. Alongside other large companies who use plastics, PepsiCo appeared to lobby against some improvements propopsed by the Global Plastics Treaty.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Coca-Cola Bottler Environmental Damage
Manufacture and bottle Coca-Cola beverages under licence. Collectively the Coca-Cola related entities produce the most plastic rubbish in our oceans at 3 million tons of plastic packaging annually, which has devastating impacts on our oceans, wreaking havoc on wildlife and sending plastic particles into the food chain.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Mondelez Environmental Damage
The fifth largest producer worldwide of plastics in our oceans. It is seen by some investors as having unambitious recycling goals which it is also not meeting. Mondelez has also been linked to deforestation and child labour due to its operations.
Barrick Mining
0.18%
Environmental Damage
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Freeport-Mcmoran Inc Environmental Damage
Owns the Grasberg mine in Indonesia where tailings are disposed directly into a river. Note, this type of disposal is banned in most countries. The pollution causes significant negative impact to the health of indigenous communities and wildlife in a biodiversity hotspot.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
The Coca-Cola Company Environmental Damage
Collectively the Coca-Cola related entities produce the most plastic rubbish in our oceans at 3 million tons of plastic packaging annually, which has devastating impacts on our oceans, wreaking havoc on wildlife and sending plastic particles into the food chain. Coca-Cola has also been subject to several lawsuits relating to marketing claims about the sustainability of its products.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Mowi Asa Environmental Damage
The Norwegian-based seafood company is heavily involved in the aquaculture industry, accounting for 23% of the global salmon market. They have been criticised for malpractice by NGO, Wildfish, for using chemical pesticides and causing animal harm in their Scottish salmon farms and by First Nation groups for environmental damage and biodiversity loss in Canada.
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Occupied Palestinian Territories
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
War & Conflict
Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
Caterpillar Fossil Fuel ProductionWar & Conflict
Caterpillar’s bulldozers have been used in ways that seriously harm the human rights of Palestinians in Occupied Territories e.g. demolition of homes. Bullozers have also been complicit in human rights abuses in Myanmar & West Sahara. Under UN Principles, companies have obligations to prevent Human Rights breaches from product use in situations of conflict. They also provide specialist equipment to the oil and gas sector.
Barrick Mining
0.18%
Environmental Damage
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
L'Oréal SA Animal Testing
L'Oréal is a personal care company and cosmetics company. The company states it has been at the forefront of alternative methods for decades and stopped all testing in 1989. However, L'Oréal sells in China where there are requirements for animal testing on certain products such as sunscreen and hair dye.
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Procter & Gamble Co. Animal Testing
Procter & Gamble Co. is a consumer products company involved in home goods, cosmetics and healthcare products. The company says they are committed to being cruelty free and ending animal testing, but are still involved in animal testing their cosmetic products, particularly on ingredients for cosmetics.
Air Liquide
0.15%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Church & Dwight Co., Inc.
0.10%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Shin-Etsu Chemical Co., Ltd.
0.08%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Beiersdorf AG
0.05%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.
Meta Platforms, Inc. Public Safety
The world’s largest social network (Facebook, Instagram, Messenger, WhatsApp). Company has faced claims and legal actions due to mental health harm (notably to young people), breaches of user privacy / data rights, and the spread of misinformation. Inadequate moderating in non-English speaking countries (e.g. Myanmar) allowed the platform to be used to incite ethnic violence. Removal of content moderation from strt of 2025 increases risk of social and political harm.
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
Tesla Business Ethics
Tesla has been involved in violations across human rights categories including business ethics due to CEO leadership style, limiting of shareholder rights and poor governance. There have also been big safety and human rights concerns with Tesla’s supply chain and production line.
Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.
Johnson & Johnson Public Safety
Johnson & Johnson is the world's largest and most diverse healthcare firm. There have been repeated incidents related to the quality and safety of several of its products across drugs, devices, and consumer products. There have also been exceptionally high number of liability claims relating to talc-based products and links to cancers.
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
Thermo Fisher Scientific Human Rights Abuses
Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. Thermo Fisher DNA testing kits have been linked to surveillance and discriminatory purposes by the legal authorities in Xinjiang (a region of China) for monitoring and tracking the Muslim Uyghur ethnic group and other minorities. Evidence that DNA sequencing products continue to be distributed in China, despite the company announcing it would halt sales to the region.
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Occupied Palestinian Territories
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
War & Conflict
Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
Caterpillar Fossil Fuel ProductionWar & Conflict
Caterpillar’s bulldozers have been used in ways that seriously harm the human rights of Palestinians in Occupied Territories e.g. demolition of homes. Bullozers have also been complicit in human rights abuses in Myanmar & West Sahara. Under UN Principles, companies have obligations to prevent Human Rights breaches from product use in situations of conflict. They also provide specialist equipment to the oil and gas sector.
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Occupied Palestinian Territories
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
War & Conflict
Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
IBM War & Conflict
Develops and operates Israel’s Population Registry System which holds information on residents of Occupied Palestinian Territories. The registry enables control of work and travel permits for Palestinians. This supports severe violations of human rights including freedom of movement and data privacy rights.
Where the actions of companies have violated global standards on labour rights and freedoms; including poor treatment of workers, child and forced labour, and modern slavery.
Uber Technologies, Inc. Labour Rights Violations
A ride and food delivery service provider. As Uber considers its drivers to be contractors, this limits their employee rights to the minimum wage, and providing the same benefits and rights as traditional taxi companies.
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Occupied Palestinian Territories
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
War & Conflict
Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
Volvo Group War & Conflict
Volvo’s bulldozers have been used in ways that seriously harm the human rights of Palestinians in Occupied Territories e.g. demolition of property. Under UN Principles, companies have obligations to prevent Human Rights breaches from product use in situations of conflict. Note Volvo cars is a separate entity not involved in this harm.
Toronto-Dominion Bank
0.19%
Business Ethics
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
General Motors
0.15%
Public Safety
Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.
Holcim
0.15%
Business Ethics
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
Saint-Gobain
0.13%
Public Safety
Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
UBS Business Ethics
Acquired Credit Suisse in 2023, a bank with very poor governance which aided clients with tax evasion and money laundering. As a result, UBS has inherited ongoing regulatory fines and lawsuits relating to these failures. UBS has also been subject to lawsuits relating to its own manipulation of foreign exchange and interbank rates. It holds a provision of USD $4bn for claims (which may not be sufficient).
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Occupied Palestinian Territories
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
War & Conflict
Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
Airbnb War & Conflict
Online travel platforms, are complicit in the severe human rights violations to Palestinians from illegal settlement in Occupied Palestinian Territories. Promotion of tourism to these settlements normalises annexation and provides income supporting settlement. Under UN Principles, companies have obligations to prevent Human Rights breaches from services in situations of conflict.
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Occupied Palestinian Territories
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
War & Conflict
Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
Motorola Solutions Inc War & Conflict
Motorola is an American provider of communication products, video equipment, telecommunications equipment, software, systems, and services. Motorola Solutions and its subsidiary, Motorola Israel, have been accused of complicity in human rights violations due to its sale of communication products to the Israeli Ministry of Defence in the occupied Palestinian territories. Israeli settlements in occupied Palestinian territories are deemed illegal under international law.
Maersk
0.09%
OPT
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Occupied Palestinian Territories
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
War & Conflict
Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Occupied Palestinian Territories
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
War & Conflict
Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
Booking Holdings War & Conflict
Online travel platforms, are complicit in the severe human rights violations to Palestinians from illegal settlement in Occupied Palestinian Territories. Promotion of tourism to these settlements normalises annexation and provides income supporting settlement. Under UN Principles, companies have obligations to prevent Human Rights breaches from services in situations of conflict.
Where companies are involved in the manufacturing or retail of firearms, including guns, rifles, pistols, or components or services thereof.
W. W. Grainger Firearms
W.W. Grainger is a trading and distribution company which makes riot protection equipment, such as body protection systems, shields and batons. Manufacturing of equipment for riot control is concerning due to its usage against civilian populations.
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Occupied Palestinian Territories
Complicit in severe breaches of civilian Human Rights in Occupied Palestinian Territories
Military Weapons
Where companies derive revenue from the manufacturing of weapons or weapon components and services to the defence industry. We do not include non-weapons-related military support.
Amphenol Corp. Military Weapons
Amphenol are a US company manufacturing electronic components. They supply services to the military weapons industry through interconnect systems which have applications in harsh conditions for the military and aerospace sectors, specificially weapons release connectors.
Fund Provider Response
As at 30 June 2026, the fund has divested all holdings from Motorola Solutions, Airbnb and Booking Holdings.
The Wealth Geared Growth Fund is suited to investors who seek higher returns, including increased potential returns via leverage, on average over extended periods (fifteen years plus), allowing for more significant short to medium term ups and downs, whilst excluding investments which do not satisfy certain responsible investment criteria. We aim to achieve this by investing predominantly in growth assets, with little or no allocation to income assets, the use of leverage to provide increased exposure, and the application of our Approach to Responsible Investing policy.
Booster has been looking after New Zealanders’ money since 1998. And we’re proudly Kiwi owned and operated. We’re an independent financial services company, based right here in Wellington. We know that understanding how your money is invested is important to you. It's important to us too. That's why we consider environmental, social and governance risks when we assess investments across all of our core KiwiSaver and Investment funds.
Value
$2.71M NZD
Period of data report
31st March 2026
Fund started
7th March 2025
Total annual fund fees
1.35%
Total performance based fees
0.01%
Manager's basic fee
1.22%
Other management and administration charges
0.12%
Total other charges
0.0
Total other charges currency
NZD
Key Personnel
Nic Craven
Currently: Investment Committee Member (0 years, 10 months)
Previously: Chief Investment Officer, Booster Financial Services (3 years, 10 months)
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
2026
10.96%
9.01%
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 2026.
Top 10 Investments
Fisher & Paykel Healthcare Corporation Limited
New Zealand
Australasian Equities
4.25%
Nvidia Corp
United States
International Equities
3.77%
Apple Inc
United States
International Equities
3.22%
Auckland International Airport Limited
New Zealand
Australasian Equities
2.64%
Microsoft Corporation
United States
International Equities
2.63%
NZ Cash (BNZ Bank Trust Account)
New Zealand
Cash and Equivalents
A-1+
2.38%
Infratil Limited
New Zealand
Australasian Equities
2.29%
Amazon.Com Inc
United States
International Equities
2.16%
Alphabet Inc (Class C)
United States
International Equities
1.99%
Meridian Energy Limited
New Zealand
Australasian Equities
1.89%
Type
Target
Actual
Cash and Cash Equivalents
1.0%
2.66%
New Zealand Fixed Interest
0.0%
0.02%
International Fixed Interest
0.0%
0.0%
Australasian Equities
29.0%
27.86%
International Equities
60.0%
61.27%
Listed Properties
5.0%
8.19%
Unlisted Properties
5.0%
0.0%
Other
0.0%
0.0%
Commodities
0.0%
0.0%
Investment Mix
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each
fund has filed
with Disclose register to 31st March 2026.
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 2026 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.
Booster Wealth Geared Growth Fund