IPM Diversified Growth Portfolio

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Fund type: Aggressive fund

Past Returns: 8.66%

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

Annual Fees: 2.47%

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 0.02%
Atmos Energy Corp 0.01%
BHP Group Limited 0.35%
Enbridge Inc 0.03%
Loews Corp 3.200000% 05/15/2030 0.13%
Marathon Petroleum Corp 0.02%
Oneok Inc 0.02%
Santos Ltd 0.14%
Texas Pacific Land Corp 0.01%
Ugi Corp 0.02%
Valero Energy Corp 0.02%

Weapons

Amphenol Corp-Cl A 0.01%
Caci International Inc -Cl A 0.02%
Safran SA 0.06%
Science Applications Inte 0.02%
Teledyne Technologies Inc 0.02%
Transdigm Group Inc 0.02%

Tobacco

Casey'S General Stores Inc 0.01%

Gambling

Skycity 0.32%

Adult Entertainment/Pornography

Alcohol

Diageo PLC 0.14%
Metcash Limited 0.10%

GMOs

Corteva Inc 0.02%

Human Rights & Environmental Violations

Activision Blizzard 1.350000% 09/15/2030 0.11%
Activision Blizzard Inc 0.05%
BHP Group Limited 0.35%
Credit Suisse Group AG 0.650000% 09/10/2029 0.04%
Grupo Mexico Sab De Cv 0.13%
Johnson & Johnson 0.24%
Johnson & Johnson 1.300000% 09/01/2030 0.06%
Johnson & Johnson 3.550000% 03/01/2036 0.10%
Mattel Inc 0.02%
Motorola Solutions Inc 0.02%
Nestle SA 0.16%
Rio Tinto PLC 0.02%
Uber Technologies Inc 0.01%

Animal Testing

Avantor Inc 0.03%
Axalta Coating Systems Ltd 0.02%
Capri Holdings Ltd 0.02%
Chr Hansen Holding A/S 0.02%
Church & Dwight Co Inc 0.02%
Clorox Company 0.02%
Coca-Cola Co/The 0.09%
Coca-Cola Co/The 0.400000% 05/06/2030 0.06%
Corteva Inc 0.02%
Coty Inc-Cl A 0.01%
Covestro AG 0.01%
Croda International PLC 0.02%
Dupont De Nemours Inc 0.02%
Ecolab Inc 0.02%
Estee Lauder Co Inc 2.600000% 04/15/2030 0.02%
Estee Lauder Companies-Cl A 0.03%
Fmc Corp 0.02%
General Mills Inc 0.02%
Givaudan-Reg 0.03%
Glaxosmithkline Capital 5.250000% 12/19/2033 0.05%
Glaxosmithkline PLC 0.03%
Hermes International 0.03%
Hp Inc 0.02%
Hp Inc 2.650000% 06/17/2031 0.08%
Hp Inc 3.400000% 06/17/2030 0.04%
Huntsman Corp 0.01%
Ingersoll-Rand Inc 0.02%
Intl Flavors & Fragrances 0.02%
Johnson & Johnson 0.24%
Johnson & Johnson 1.300000% 09/01/2030 0.06%
Johnson & Johnson 3.550000% 03/01/2036 0.09%
Kellogg Co 0.01%
Keurig Dr Pepper Inc 0.01%
Koninklijke Dsm Nv 0.02%
Kraft Heinz Co/The 0.02%
L'Oreal 0.03%
Mosaic Co/The 0.01%
Nestle SA 0.16%
Nutrien Ltd 0.02%
PPG Industries Inc 0.03%
Pepsico Inc 0.27%
Procter & Gamble 0.14%
Procter & Gamble Co/The 0.14%
Procter & Gamble Co/The 1.125000% 11/02/2023 0.02%
Procter & Gamble Co/The 1.200000% 10/29/2030 0.07%
Procter & Gamble Co/The 1.250000% 10/25/2029 0.02%
Pvh Corp 3.125000% 12/15/2027 0.08%
Ralph Lauren Corp 2.950000% 06/15/2030 0.08%
Reckitt Benckiser Group 0.15%
Reckitt Benckiser Group PLC 0.02%
Scotts Miracle-Gro Co 0.01%
Sherwin-Williams Co/The 0.05%
Shin-Etsu Chemical Co Ltd 0.02%
Tapestry Inc 0.02%
Tesco PLC 0.01%
Unilever Finance 1.625000% 02/12/2033 0.01%
Unilever PLC-Sponsored Adr 0.06%

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 3.19% 3.43%
2021 36.07% 31.68%
2020 -7.33% -9.12%
2019 10.16% 1.35%
2018 7.53% 3.67%
2017 9.49% 7.73%
2016 4.71% 2.64%

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:

  • Dimensional Glb Sust Hg-NZD
    Australia International Equities
    30.64%
  • Dimensional Glb Sust Unhedg
    Australia International Equities
    27.02%
  • Blackrock Multi Opportunity Fund
    Australia Other
    8.84%
  • Spdr S&P/ASX 200 Index
    Australia Australasian Equities
    5.96%
  • Aberdeen Standard Emerging Opportunity Fund
    Australia International Equities
    5.8%
  • Aqr Wholesale Delta Fund Series 14
    Australia Other
    5.14%
  • Magellan Global Fund
    Australia International Equities
    4.12%
  • Devon Core Absolute Fund
    New Zealand Australasian Equities
    3.37%
  • Cash At Bank - AUD
    New Zealand Cash and Equivalents AA-
    3.21%
  • Man Alternative Style Risk Premia Fund Cl I H NZD
    Australia Other
    3.0%

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 5.0% 6.05%
New Zealand Fixed Interest 5.0% 0.0%
International Fixed Interest 5.0% 0.0%
Australasian Equities 5.0% 9.25%
International Equities 45.0% 67.84%
Listed Properties 10.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 25.0% 16.86%
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:
    0.25%
  • Animal Testing:
    3.47%
  • Fossil Fuels:
    1.01%
  • Gambling:
    0.34%
  • GMOs:
    0.02%
  • Human Rights & Environmental Violations:
    1.44%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.03%
  • Weapons:
    0.38%

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 Portfolio’s primary focus is on achieving capital growth rather than income and is therefore more suited to a longer investment time horizon."

Value $180M NZD
Period of data report Thu March 31st 2022
Fund started Fri Aug. 8th 2014
Total annual fund fees 2.47%
Total performance based fees 0.0%
Manager's basic fee 1.32%
Other management and administration charges 1.15%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Mark Wooster

Currently: CIO (Caliber Investment) (12 years, 4 months)
Previously: CIO (Sovereign and ASB Group Investments) (5 years, 0 months)

Jason Ferguson

Currently: Investment Strategist (Caliber investment) (7 years, 9 months)
Previously: Portfolio Manager (First State / ASB Group Investments) (9 years, 0 months)

Neville Caird

Currently: Chairman and Director New Zealand Investment Portfolio Management Limited (8 years, 0 months)
Previously: Chairman and Director (New Zealand Financial Planning Limited) (3 years, 0 months)

Craig Dealey

Currently: Managing Director New Zealand Investment Portfolio Management Limited (8 years, 0 months)
Previously: General Manager - NZFP Assets Management Limited (12 years, 0 months)

Mike Staal

Currently: Director New Zealand Investment Portfolio Management Limited (8 years, 0 months)
Previously: Managing Director (New Zealand Financial Planning Company Limited) (24 years, 0 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.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Markets Conduct Act 2013 and any associated regulations.

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.