BNZ Youwealth Growth Fund

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Fund type: Growth fund

Past Returns: 8.45%

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

Annual Fees: 0.78%

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

Alleghany Corp 0.01%
Apa Group 0.01%
Apt Pipelines Ltd 4.25% 15/07/2027 0.03%
Apt Pipelines Ltd Medium Term Note 1.25% 15/03/2033 0.08%
Astra International Ord Shs 0.01%
Cheniere Energy Ord Shs 0.02%
Coca Cola European Partners Ord Shs 0.01%
Dominion Energy Inc 0.05%
Enbridge Inc 0.08%
Engie SA 0.02%
Franco-Nevada Corp 0.03%
Grupo De Inversiones Suramericana Ord Shs 0.01%
Hong Kong & China Gas Co Ltd 0.01%
Itochu Corp 0.04%
Jardine Matherson Holdings Ltd 0.01%
Jxtg Holdings Ord Shs 0.01%
Kinder Morgan Energy Partners Lp 5% 01/03/2043 0.04%
Kinder Morgan Inc/De 0.03%
Loews Corp 0.01%
Lyondellbasell Indu-Cl A 0.02%
Marathon Petroleum Corp 0.04%
Mitsui O.S.K. Lines Ltd 0.01%
Nippon Steel & Sumitomo Metal Ord Shs 0.01%
Phillips 66 0.03%
Posco 0.02%
Public Service Enterprise Group Ord Shs 0.03%
Sk Innovation Ord Shs 0.01%
Snam Ord Shs 0.01%
Tc Energy Corp 0.04%
Tokyo Gas Ord Shs 0.01%
Valero Energy Corp 0.03%
Williams Companies Inc 3.5% 15/10/2051 0.02%
Williams Companies Inc 4.85% 01/03/2048 0.03%

Weapons

Amphenol Corp-Cl A 0.04%
Canadian Tire Corp Ltd 0.01%
Heico Corp - A 0.01%
Howmet Aerospace Inc 0.01%
Jfe Holdings Ord Shs 0.01%
L3Harris Technologies Inc 0.04%
Meggitt Ord Shs 0.01%
Mitsubishi Heavy Industries Ord Shs 0.01%
Rolls-Royce Holdings PLC 0.01%
Teledyne Technologies Inc 0.02%
Transdigm Group Inc 0.03%

Adult Entertainment/Pornography

Live Nation Entertainment Inc 0.02%

Alcohol

Ambev SA 0.01%
Anheuser Busch Inbev SA Medium Term Note 3.7% 02/04/2040 0.03%
Anheuser-Busch Companies Llc 4.9% 01/02/2046 0.02%
Anheuser-Busch Inbev Finance Inc 4.7% 01/02/2036 0.05%
Anheuser-Busch Inbev Nv 0.04%
Anheuser-Busch Inbev Worldwide Inc 5.45% 23/01/2039 0.06%
Asahi Group Holdings Ltd 0.02%
Australian Vintage Ltd 0.02%
Bacardi Ltd 4.45% 15/05/2025 0.03%
Bacardi Ltd 5.3% 15/05/2048 0.04%
Brown-Forman Corp-Class B 0.01%
China Resources Beer Holdings Ord Shs 0.01%
Constellation Brands Inc-A 0.03%
Delegat Group Ltd 0.03%
Diageo PLC 0.09%
Heineken Holdings Nv 0.01%
Heineken Nv 0.02%
Kirin Holdings Co Ltd 0.01%
Kweichow Moutai Co Ltd-A 0.02%
LVMH Moet Hennessy Louis Vui 0.15%
Pernod Ricard SA 0.04%
Royal Unibrew A/S Registered Certificate Of Deposit 0.01%
Wuliangye Yibin Co Ltd 0.01%

Palm Oil

Astra International Ord Shs 0.01%
Wilmar International Ord Shs 0.01%

GMOs

Corteva Inc 0.03%

Human Rights & Environmental Violations

Activision Blizzard Inc 0.05%
Astra International Ord Shs 0.01%
Bank Hapoalim Bm 0.01%
Bank Leumi Le Israel Ord Shs 0.01%
Barrick Gold Corp 0.04%
Bayer AG-Reg 0.05%
Credit Suisse Group AG 3.091% 14/05/2032 0.08%
Credit Suisse Group AG 4.194% 01/04/2031 0.02%
Credit Suisse Group Ord Shs 0.02%
Evergreen Marine Corp (Taiwan) Ord Shs 0.01%
Freeport - Mcmoran Copper 0.06%
Grupo Mexico B Ord Shs 0.01%
Johnson & Johnson 0.39%
Li Ning Ord Shs 0.02%
Motorola Solutions Ord Shs 0.03%
Mtn Group Ord Shs Medium Term Note 0% 00/01/1900 0.02%
Nestle SA-Reg 0.29%
Posco 0.02%
Rio Tinto Ltd 0.03%
Rio Tinto PLC 0.07%
Teva Pharmaceutical Industries Ord Shs 0.01%
Uber Technologies Ord Shs 0.05%
Wilmar International Ord Shs 0.01%
Zijin Mining Group Co Ltd 0.01%

Animal Testing

Air Liquide SA 0.07%
Akzo Nobel Nv 0.01%
Albemarle Corp 0.02%
Amorepacific Corp 0.01%
Archer-Daniels-Midland Co 0.04%
Arkema Ord Shs 0.01%
Asahi Group Holdings Ltd 0.02%
Associated British Foods PLC 0.01%
Avantor Inc 0.01%
Basf Se 0.04%
Bayer AG-Reg 0.05%
Beiersdorf Ord Shs 0.01%
Burberry Group PLC 0.01%
Church and Dwight Ord Shs 0.02%
Clariant Ord Shs 0.01%
Clorox Company 0.01%
Coca-Cola Co/The 0.20%
Corteva Inc 0.03%
Covestro AG 0.01%
Croda International PLC 0.01%
Danone 0.03%
Danone SA 1% 00/01/1900 0.03%
Dow Inc 0.04%
Du Pont De Nemours 0.03%
Ecolab Inc 0.03%
Ems-Chemie Holding Ord Shs 0.01%
Essity Aktiebolag-B 0.01%
Estee Lauder Cos Inc/The 0.05%
Evonik Industries Ord Shs 0.01%
Fmc Corp 0.02%
General Mills Inc 0.03%
Givaudan Ord Shs 0.03%
Glaxosmithkline Capital PLC Medium Term Note 0% 23/09/2023 0.08%
Glaxosmithkline PLC 0.09%
Henkel & Kgaa Pref Shs 0.01%
Hermes International 0.04%
Ingersoll - Rand PLC 0.02%
Johnson & Johnson 0.39%
Kao Corporation 0.02%
Kellogg Co 0.02%
Kerry Group Ord Shs 0.01%
Keurig Dr Pepper Ord Shs 0.02%
Kimberly-Clark Corp 0.03%
Kirin Holdings Co Ltd 0.01%
Koninkilijke Dsm Ord Shs 0.02%
Kraft Heinz Co/The 0.02%
Kraft Heinz Foods Co 4.375% 01/06/2046 0.01%
Kraft Heinz Foods Company 4.125% 01/07/2027 0.04%
Kraft Heinz Foods Company 4.875% 01/10/2049 0.02%
L'Oreal SA 0.08%
LVMH Moet Hennessy Louis Vui 0.15%
Linde PLC 0.14%
Lyondellbasell Indu-Cl A 0.02%
Mondelez International Inc-A 0.07%
Nestle SA-Reg 0.29%
Nutrien Ord Shs 0.05%
PPG Industries Inc 0.03%
Pepsico Inc 0.20%
Petronas Chemicals Group Ord Shs 0.01%
Procter and Gamble Co/The 0.31%
Puma Se 0.01%
Reckitt Benckiser Group PLC 0.04%
Sahara International Petrochemical Company Sjsc 0.01%
Sherwin-Williams Co/The 0.05%
Shin-Etsu Chemical Co Ltd 0.05%
Shiseido Co Ltd 0.02%
Showa Denko Ord Shs 0.01%
Sk Innovation Ord Shs 0.01%
Sociedad Quimica Y Minera De Chile SA 0.01%
Solvay SA 0.01%
Sumitomo Chemical Ord Shs 0.01%
Svenska Cellulosa Ab Sca 0.01%
Tesco Property Finance 1 PLC 7.6227% 13/07/2039 0.01%
Tesco Property Finance 2 PLC 6.0517% 13/10/2039 0.04%
Tesco Property Finance 3 PLC 5.744% 13/04/2040 0.05%
Umicore Ord Shs 0.01%
Unicharm Corporation 0.01%
Unilever PLC 0.09%
Yara International Ord Shs 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 Thu March 31st 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.

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% 1.26%
2021 32.66% 24.25%
2020 -4.45% -0.17%

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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    2.78%
  • Apple Inc
    United States International Equities
    2.22%
  • Microsoft Corporation
    United States International Equities
    1.92%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.84%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.66%
  • Mainfreight Ltd
    New Zealand Australasian Equities
    1.57%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    1.51%
  • Meridian Energy Ltd
    New Zealand Australasian Equities
    1.43%
  • Infratil Ltd
    New Zealand Australasian Equities
    1.31%
  • Fletcher Building Ltd
    New Zealand Australasian Equities
    1.23%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu March 31st 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 1.0% 2.7%
New Zealand Fixed Interest 5.0% 4.9%
International Fixed Interest 14.0% 15.72%
Australasian Equities 27.0% 25.67%
International Equities 53.0% 51.01%
Listed Properties 0.0% 0.0%
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 Thu March 31st 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).

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:
    0.02%
  • Alcohol:
    0.76%
  • Animal Testing:
    3.58%
  • Fossil Fuels:
    0.82%
  • Gambling:
    0.00%
  • GMOs:
    0.03%
  • Human Rights & Environmental Violations:
    1.32%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.00%
  • Weapons:
    0.20%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 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 the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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 Fund invests mostly in growth assets, which generally have higher levels of risk with the potential for higher returns. It also has a modest allocation to income assets, which generally have lower levels of risk and potential returns. It aims to achieve higher returns over the long term."

Value $82M NZD
Period of data report Thu March 31st 2022
Fund started Mon May 21st 2018
Total annual fund fees 0.78%
Total performance based fees 0.0%
Manager's basic fee 0.78%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Peter Forster [New]

Currently: Chair, BNZ Investment Review Committee (2 years, 3 months)
Previously: General Manager Wealth, BNZ (currnent position) (3 years, 7 months)

Richard Ansell [New]

Currently: Member, BNZ Investment Review Committee (2 years, 3 months)
Previously: Director, BNZ Investment Services Limited (curret position) (3 years, 1 months)

Jason Wong [New]

Currently: Member, BNZ Investment Review Committee (1 years, 3 months)
Previously: Senior Markets Strategist, BNZ (current position) (6 years, 3 months)

Hayden Griffiths [New]

Currently: Member, BNZ Investment Review Committee (1 years, 3 months)
Previously: Executive Director and Head of Asset Allocation, JBWere (current position) (12 years, 9 months)

Louis Nel [New]

Currently: Member, BNZ Investment Review Committee (0 years, 1 months)
Previously: Head of Investment Solutions Wealth, BNZ (current position) (11 years, 2 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

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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.