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 0.60%
    • Johnson & Johnson 0.33%
    • Nestle SA-Reg 0.27%
    • Thermo Fisher Scientific Inc 0.17%
    • Wells Fargo & Co 0.14%
    • Caterpillar Inc 0.13%
    • Nestle Holdings Inc 0.13%
    • Uber Technologies Inc 0.08%
    • Credit Suisse Group AG 0.06%
    • Rio Tinto PLC 0.06%
    • Credit Suisse New York 0.04%
    • Motorola Solutions Inc 0.04%
    • Rio Tinto Ltd 0.03%
    • Grupo Mexico Sab De Cv-Ser B 0.02%
    • Thermo Fisher Scientific 0.02%
    • Alstom 0.01%
    • Bank Hapoalim Bm 0.01%
    • Bank Leumi Le-Israel 0.01%
    • Centrais Eletricas Brasilier 0.01%
    • Israel Discount Bank-A 0.01%
    • Li Ning Co Ltd 0.01%
    • Mizrahi Tefahot Bank Ltd 0.01%
    • Mtn Group Ltd 0.01%
    • Teva Pharmaceutical Ind Ltd 0.01%
    • Wilmar International Ltd 0.01%
    • 3M Co 0.05%
    • Freeport-Mcmoran Inc 0.05%
    • Archer-Daniels-Midland Co 0.04%
    • Basf Se 0.04%
    • Bayer AG-Reg 0.04%
    • Corteva Inc 0.03%
    • Nutrien Ltd 0.03%
    • Posco 0.03%
    • Barrick Gold Corp 0.02%
    • Bunge Ltd 0.02%
    • P G & E Corp 0.02%
    • Astra International Tbk Pt 0.01%
    • Fmc Corp 0.01%
    • Jbs SA 0.01%
    • Newcrest Mining Ltd 0.01%
    • Soc Quimica Y Minera Chile-B 0.01%
    • Wilmar International Ltd 0.01%
    • Zijin Mining Group Co Ltd-H 0.01%
    • Procter & Gamble Co/The 0.31%
    • LVMH Moet Hennessy Louis Vui 0.17%
    • Unilever PLC 0.11%
    • L'Oreal 0.09%
    • Air Liquide SA 0.08%
    • Sherwin-Williams Co/The 0.06%
    • 3M Co 0.05%
    • Colgate-Palmolive Co 0.05%
    • Hermes International 0.05%
    • Shin-Etsu Chemical Co Ltd 0.05%
    • Basf Se 0.04%
    • Bayer AG-Reg 0.04%
    • Braskem Netherlands 0.04%
    • Ecolab Inc 0.04%
    • Kimberly-Clark Corp 0.04%
    • Corteva Inc 0.03%
    • Dow Inc 0.03%
    • Dupont De Nemours Inc 0.03%
    • Estee Lauder Companies-Cl A 0.03%
    • Kering 0.03%
    • Nutrien Ltd 0.03%
    • PPG Industries Inc 0.03%
    • Albemarle Corp 0.02%
    • Church & Dwight Co Inc 0.02%
    • Givaudan-Reg 0.02%
    • Kao Corp 0.02%
    • Koninklijke Ahold Delhaize N 0.02%
    • Rentokil Initial PLC 0.02%
    • Akzo Nobel N.V. 0.01%
    • Arkema 0.01%
    • Beiersdorf AG 0.01%
    • Burberry Group PLC 0.01%
    • Chr Hansen Holding A/S 0.01%
    • Clariant AG-Reg 0.01%
    • Clorox Company 0.01%
    • Covestro AG 0.01%
    • Croda International PLC 0.01%
    • Fmc Corp 0.01%
    • Formosa Plastics Corp 0.01%
    • Groupe Bruxelles Lambert Nv 0.01%
    • Henkel AG & Co Kgaa Vor-Pref 0.01%
    • Hormel Foods Corp 0.01%
    • Jbs SA 0.01%
    • Kikkoman Corp 0.01%
    • Mitsubishi Chemical Group Co 0.01%
    • Moncler Spa 0.01%
    • Mosaic Co/The 0.01%
    • Mowi Asa 0.01%
    • Nan Ya Plastics Corp 0.01%
    • Nippon Paint Holdings Co Ltd 0.01%
    • Novozymes A/S-B Shares 0.01%
    • Otsuka Holdings Co Ltd 0.01%
    • Shiseido Co Ltd 0.01%
    • Siam Cement Pub Co-For Reg 0.01%
    • Swatch Group AG/The-Reg 0.01%
    • Tyson Foods Inc-Cl A 0.01%
    • Umicore 0.01%
    • Unicharm Corp 0.01%
    • Yakult Honsha Co Ltd 0.01%
    • Walmart Inc 0.20%
    • Amphenol Corp-Cl A 0.05%
    • Daikin Industries Ltd 0.04%
    • Transdigm Group Inc 0.04%
    • L3Harris Technologies Inc 0.03%
    • Howmet Aerospace Inc 0.02%
    • Rolls-Royce Holdings PLC 0.02%
    • Teledyne Technologies Inc 0.02%
    • Aselsan Elektronik Sanayi 0.01%
    • Canadian Tire Corp-Class A 0.01%
    • Heico Corp-Class A 0.01%
    • Melrose Industries PLC 0.01%
    • Mtu Aero Engines AG 0.01%
    • Rheinmetall AG 0.01%
    • Contact Energy Ltd 1.74% 1.5°C
      This company is on a 1.5°C pathway
    • Berkshire Hathaway Cl-A-Cdi 0.17%
    • Vier Gas Transport Gmbh 0.13%
    • Apa Infrastructure Ltd 0.11% !!
      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
    • E.On Intl Finance Bv 0.11%
    • Nextera Energy Inc 0.10%
    • Enbridge Inc 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
    • Sgsp Australia Assets 0.09%
    • Galaxy Pipeline Assets 0.08%
    • Channel Infrastructure NZ Lt 0.06%
    • Marathon Petroleum Corp 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
    • Rio Tinto PLC 0.06%
    • Iberdrola SA 0.05% 1.5°C
      This company is on a 1.5°C pathway
    • Kinder Morgan Inc 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
    • Phillips 66 0.05%
    • Valero Energy Corp 0.05%
    • Cheniere Energy Inc 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
    • Enel Spa 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Enterprise Products Oper 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
    • Itochu Corp 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
    • Kinder Morgan Ener Part 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
    • Sempra Energy 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
    • Williams Cos Inc 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
    • Compagnie De Saint Gobain 0.03%
    • Consolidated Edison Inc 0.03%
    • Constellation Energy 0.03%
    • Dominion Energy Inc 0.03%
    • Oneok Inc 0.03%
    • Rio Tinto Ltd 0.03%
    • Tc 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
    • Centerpoint Energy Inc 0.02%
    • E.On Se 0.02%
    • Electricite De France SA 0.02%
    • Engie 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
    • Entergy Corp 0.02%
    • Fairfax Financial Hldgs Ltd 0.02%
    • Fortis 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
    • Grupo Mexico Sab De Cv-Ser B 0.02%
    • Marubeni 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
    • National Grid Gas PLC 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
    • Nippon Steel Corp 0.02%
    • P G & E Corp 0.02%
    • Pembina Pipeline 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
    • Public Service Enterprise Gp 0.02%
    • Sumitomo 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
    • Targa Resources Corp 0.02%
    • Williams Companies 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
    • Acwa Power Co 0.01%
    • Apa Group 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
    • Astra International Tbk Pt 0.01%
    • Atmos Energy Corp 0.01%
    • Centrais Eletricas Brasilier 0.01%
    • Centrica PLC 0.01%
    • Chubu Electric Power Co Inc 0.01%
    • Citic Securities Co Ltd-H 0.01%
    • Ck Hutchison Holdings Ltd 0.01%
    • Cosan 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
    • Edp-Energias De Portugal SA 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Endesa SA 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Enel Americas SA 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Eneos Holdings Inc 0.01%
    • Engie Brasil Energia 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
    • Enn Energy Holdings Ltd 0.01%
    • Fortum Oyj 0.01%
    • Gulf Energy Developm-Foreign 0.01%
    • Hong Kong & China Gas 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
    • Intertek Group PLC 0.01%
    • Jardine Matheson Hldgs Ltd 0.01%
    • Kansai Electric Power Co Inc 0.01%
    • Kobe Steel Ltd 0.01%
    • Loews Corp 0.01%
    • Misc Bhd 0.01%
    • Mitsui Osk Lines Ltd 0.01%
    • Neste Oyj 0.01%
    • Nippon Yusen Kk 0.01%
    • Nrg Energy Inc 0.01%
    • Orsted A/S 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Osaka Gas Co 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
    • Qingdao Port International-A 0.01%
    • Snam 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
    • Tokyo Gas Co 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
    • Weg SA 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 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 $83.0M NZD
Period of data report 30th Sept. 2023
Fund started 21st May 2018
Total annual fund fees 0.45%
Total performance based fees 0.0%
Manager's basic fee 0.45%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Peter Forster

Currently: Chair, BNZ Investment Review Committee (3 years, 9 months)
Previously: General Manager Wealth, BNZ (other position) (5 years, 1 months)

Richard Ansell

Currently: Member, BNZ Investment Review Committee (3 years, 9 months)
Previously: Director, BNZ Investment Services Limited (other position) (4 years, 7 months)

Jason Wong

Currently: Member, BNZ Investment Review Committee (2 years, 9 months)
Previously: Senior Markets Strategist, BNZ (other position) (7 years, 9 months)

Louis Nel

Currently: Member, BNZ Investment Review Committee (1 years, 6 months)
Previously: Head of Investment Solutions Wealth, BNZ (other position) (12 years, 8 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% -2.36%
2022 1.99% 1.26%
2021 33.68% 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 30th Sept. 2023.

Top 10 Investments

  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    2.87%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    2.43%
  • Apple Inc
    United States International Equities
    2.28%
  • Infratil Ltd
    New Zealand Australasian Equities
    2.18%
  • Microsoft Corporation
    United States International Equities
    2.1%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.94%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    1.74%
  • Meridian Energy Ltd
    New Zealand Australasian Equities
    1.7%
  • Mainfreight Ltd
    New Zealand Australasian Equities
    1.34%
  • Ebos Group Ltd
    New Zealand Australasian Equities
    1.17%
Type Target Actual
Cash and Cash Equivalents 1.0% 2.06%
New Zealand Fixed Interest 5.0% 5.05%
International Fixed Interest 14.0% 16.18%
Australasian Equities 27.0% 26.38%
International Equities 53.0% 50.33%
Listed Properties 0.0% 0.0%
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.