Funds

Nikko AM Growth Fund

Total Ethical Concerns: 10.92%

The average total concerns of all managed growth funds is 5.45%.

Companies of Concern

  • Animal Cruelty 1.71%

    • Tyson Foods Inc
      0.34%
      0.34%
    • Shell
      0.27%
      !!
      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
      0.27%
    • 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
      0.22%
    • Corteva, Inc.
      0.19%
      0.19%
    • Celanese US Holdings Llc
      0.01%
      0.01%
    • International Flavors & Fragrances, Inc.
      0.01%
      0.01%
  • Human Rights Violations 2.23%

    • 1.09%
    • 0.36%
    • Ubs
      0.18%
      0.18%
    • Wells Fargo
      0.18%
      0.18%
    • Glencore
      0.02%
      0.02%
    • Saudi Aramco
      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
      0.02%
    • General Motors
      0.01%
      0.01%
  • Social Harm 1.46%

  • Fossil Fuels 4.04%

    • Contact Energy Ltd.
      2.06%
      1.5°C
      This company is on a 1.5°C pathway
      2.06%
    • The Southern Co.
      0.36%
      0.36%
    • Channel Infrastructure
      0.33%
      0.33%
    • Shell
      0.27%
      !!
      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
      0.27%
    • 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
      0.22%
    • Nextera Energy, Inc.
      0.16%
      0.16%
    • Meg Energy Corp.
      0.15%
      !!
      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
      0.15%
    • Suncor Energy, Inc.
      0.15%
      !!
      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
      0.15%
    • Dominion Energy, Inc.
      0.11%
      0.11%
    • Conocophillips
      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
      0.06%
    • Energy Transfer Lp
      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
      0.02%
    • Glencore
      0.02%
      0.02%
    • Saudi Aramco
      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
      0.02%
    • Enbridge, Inc.
      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
      0.01%
    • Enel
      0.01%
      1.5°C
      This company is on a 1.5°C pathway
      0.01%
    • Électricité De France SA
      0.01%
      0.01%
  • Weapons 1.68%

    • Safran SA
      0.75%
      0.75%
    • Saab Ab
      0.37%
      0.37%
    • Rolls-Royce Holdings PLC
      0.19%
      0.19%
    • Airbus
      0.16%
      0.16%
    • Curtiss-Wright Corp.
      0.12%
      0.12%
    • Amphenol Corp.
      0.08%
      0.08%
  • Environmental Harm 0.82%

    • 0.27%
    • Shell
      0.27%
      !!
      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
      0.27%
    • Corteva, Inc.
      0.19%
      0.19%
    • Fonterra
      0.03%
      0.03%
    • Bunge
      0.02%
      0.02%
    • Energy Transfer Lp
      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
      0.02%
    • Glencore
      0.02%
      0.02%

From the Fund Provider

  • About this fund

    About this Fund

    The Growth Fund aims to invest across a range of actively managed funds to create a diversified portfolio with a focus on higher risk assets.

    Value $12.2M NZD
    Period of data report 31st March 2025
    Fund started 3rd April 2018
    Total annual fund fees 1.09%
    Total performance based fees 0.0%
    Manager's basic fee 0.99%
    Other management and administration charges 0.1%
    Total other charges 0.0
    Total other charges currency NZD

    Alan Clarke

    Currently: Portfolio Manager, Diversified Funds & External Managers and member of the Investment Committee (1 years, 6 months)
    Previously: Co-head of Diversified Portfolio Management - ANZ Investments (3 years, 8 months)

    Stuart Williams

    Currently: Managing Director and Chair of Investment Committee (2 years, 0 months)
    Previously: Head of Equities – Nikko Asset Management New Zealand Limited (8 years, 7 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

  • Past Returns

    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
    2025 3.04% 3.34%
    2024 12.48% 16.08%
    2023 -4.05% -7.54%
    2022 1.38% -1.39%
    2021 27.68% 31.37%
    2020 -4.45% -4.38%
    2019 6.12% 2.35%

    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 2025.

  • Investments

    Top 10 Investments

    • Jpm Global Select Equity X Acc USD

      Luxembourg International Equities

      15.67%
    • NZD BNP Paribas A/C

      New Zealand Cash and Equivalents AA-

      3.55%
    • Infratil Limited

      New Zealand Australasian Equities

      2.13%
    • Contact Energy Limited

      New Zealand Australasian Equities

      2.06%
    • Fisher & Paykel Healthcare

      New Zealand Australasian Equities

      1.77%
    • Microsoft Corp

      United States International Equities

      1.62%
    • Amazon Com Inc

      United States International Equities

      1.58%
    • Meridian Energy Ltd Npv

      New Zealand Australasian Equities

      1.45%
    • Summerset Group Holdings Ltd

      New Zealand Australasian Equities

      1.42%
    • Kiwi Property Group Limited

      New Zealand Listed Property

      1.36%
    Type Target Actual
    Cash and Cash Equivalents 3.0% 4.38%
    New Zealand Fixed Interest 8.0% 8.1%
    International Fixed Interest 9.0% 9.03%
    Australasian Equities 23.0% 22.88%
    International Equities 50.0% 49.0%
    Listed Properties 7.0% 6.63%
    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 by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

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 2025 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.

Issues of Concern

  • 1.71% Animal Cruelty
  • 2.23% Human Rights Violations
  • 1.46% Social Harm
  • 4.04% Fossil Fuels
  • 1.68% Weapons
  • 0.82% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • Tyson Foods Inc
      0.34%
      0.34%
    • Shell
      0.27%
      !!
      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
      0.27%
    • 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
      0.22%
    • Corteva, Inc.
      0.19%
      0.19%
    • Celanese US Holdings Llc
      0.01%
      0.01%
    • International Flavors & Fragrances, Inc.
      0.01%
      0.01%
  • Human Rights Violations

    • 1.09%
    • 0.36%
    • Ubs
      0.18%
      0.18%
    • Wells Fargo
      0.18%
      0.18%
    • Glencore
      0.02%
      0.02%
    • Saudi Aramco
      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
      0.02%
    • General Motors
      0.01%
      0.01%
  • Fossil Fuels

    • Contact Energy Ltd.
      2.06%
      1.5°C
      This company is on a 1.5°C pathway
      2.06%
    • The Southern Co.
      0.36%
      0.36%
    • Channel Infrastructure
      0.33%
      0.33%
    • Shell
      0.27%
      !!
      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
      0.27%
    • 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
      0.22%
    • Nextera Energy, Inc.
      0.16%
      0.16%
    • Meg Energy Corp.
      0.15%
      !!
      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
      0.15%
    • Suncor Energy, Inc.
      0.15%
      !!
      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
      0.15%
    • Dominion Energy, Inc.
      0.11%
      0.11%
    • Conocophillips
      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
      0.06%
    • Energy Transfer Lp
      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
      0.02%
    • Glencore
      0.02%
      0.02%
    • Saudi Aramco
      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
      0.02%
    • Enbridge, Inc.
      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
      0.01%
    • Enel
      0.01%
      1.5°C
      This company is on a 1.5°C pathway
      0.01%
    • Électricité De France SA
      0.01%
      0.01%
  • Weapons

    • Safran SA
      0.75%
      0.75%
    • Saab Ab
      0.37%
      0.37%
    • Rolls-Royce Holdings PLC
      0.19%
      0.19%
    • Airbus
      0.16%
      0.16%
    • Curtiss-Wright Corp.
      0.12%
      0.12%
    • Amphenol Corp.
      0.08%
      0.08%
  • Environmental Harm

    • 0.27%
    • Shell
      0.27%
      !!
      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
      0.27%
    • Corteva, Inc.
      0.19%
      0.19%
    • Fonterra
      0.03%
      0.03%
    • Bunge
      0.02%
      0.02%
    • Energy Transfer Lp
      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
      0.02%
    • Glencore
      0.02%
      0.02%

About this Fund

The Growth Fund aims to invest across a range of actively managed funds to create a diversified portfolio with a focus on higher risk assets.

Value $12.2M NZD
Period of data report 31st March 2025
Fund started 3rd April 2018
Total annual fund fees 1.09%
Total performance based fees 0.0%
Manager's basic fee 0.99%
Other management and administration charges 0.1%
Total other charges 0.0
Total other charges currency NZD

Alan Clarke

Currently: Portfolio Manager, Diversified Funds & External Managers and member of the Investment Committee (1 years, 6 months)
Previously: Co-head of Diversified Portfolio Management - ANZ Investments (3 years, 8 months)

Stuart Williams

Currently: Managing Director and Chair of Investment Committee (2 years, 0 months)
Previously: Head of Equities – Nikko Asset Management New Zealand Limited (8 years, 7 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

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
2025 3.04% 3.34%
2024 12.48% 16.08%
2023 -4.05% -7.54%
2022 1.38% -1.39%
2021 27.68% 31.37%
2020 -4.45% -4.38%
2019 6.12% 2.35%

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 2025.

Top 10 Investments

  • Jpm Global Select Equity X Acc USD

    Luxembourg International Equities

    15.67%
  • NZD BNP Paribas A/C

    New Zealand Cash and Equivalents AA-

    3.55%
  • Infratil Limited

    New Zealand Australasian Equities

    2.13%
  • Contact Energy Limited

    New Zealand Australasian Equities

    2.06%
  • Fisher & Paykel Healthcare

    New Zealand Australasian Equities

    1.77%
  • Microsoft Corp

    United States International Equities

    1.62%
  • Amazon Com Inc

    United States International Equities

    1.58%
  • Meridian Energy Ltd Npv

    New Zealand Australasian Equities

    1.45%
  • Summerset Group Holdings Ltd

    New Zealand Australasian Equities

    1.42%
  • Kiwi Property Group Limited

    New Zealand Listed Property

    1.36%
Type Target Actual
Cash and Cash Equivalents 3.0% 4.38%
New Zealand Fixed Interest 8.0% 8.1%
International Fixed Interest 9.0% 9.03%
Australasian Equities 23.0% 22.88%
International Equities 50.0% 49.0%
Listed Properties 7.0% 6.63%
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 by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.