Funds

IPM Diversified Growth Portfolio

Total Ethical Concerns: 4.81%

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

Companies of Concern

  • Animal Cruelty 1.39%

    • 0.21%
    • L'Oréal SA
      0.14%
      0.14%
    • Colgate-Palmolive Co.
      0.09%
      0.09%
    • Unilever PLC
      0.08%
      0.08%
    • The Sherwin-Williams Co.
      0.07%
      0.07%
    • Orica Ltd.
      0.06%
      0.06%
    • Hermès International Sca
      0.05%
      0.05%
    • 3M
      0.03%
      0.03%
    • Church & Dwight Co., Inc.
      0.03%
      0.03%
    • Ecolab, Inc.
      0.03%
      0.03%
    • Rpm International, Inc.
      0.03%
      0.03%
    • Tapestry, Inc.
      0.03%
      0.03%
    • Akzo Nobel Nv
      0.02%
      0.02%
    • Corteva, Inc.
      0.02%
      0.02%
    • Dupont De Nemours
      0.02%
      0.02%
    • Givaudan SA
      0.02%
      0.02%
    • Henkel AG & Co. Kgaa
      0.02%
      0.02%
    • International Flavors & Fragrances, Inc.
      0.02%
      0.02%
    • Koninklijke Ahold Delhaize Nv
      0.02%
      0.02%
    • Novozymes A/S
      0.02%
      0.02%
    • Nufarm Ltd.
      0.02%
      0.02%
    • PPG Industries, Inc.
      0.02%
      0.02%
    • Symrise AG
      0.02%
      0.02%
    • Covestro AG
      0.01%
      0.01%
    • Nutrien Ltd.
      0.01%
      0.01%
    • The Clorox Co.
      0.01%
      0.01%
  • Human Rights Violations 1.51%

    • 0.80%
    • 0.16%
    • Nestlé
      0.13%
      0.13%
    • Caterpillar
      0.11%
      0.11%
    • General Motors
      0.04%
      0.04%
    • Rio Tinto
      0.04%
      0.04%
    • 0.03%
    • Wells Fargo
      0.03%
      0.03%
    • UBS
      0.02%
      0.02%
    • Kbr, Inc.
      0.01%
      0.01%
  • Social Harm 0.02%

  • Fossil Fuels 1.16%

    • BHP
      0.23%
      !!
      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
      0.23%
    • Contact Energy Ltd.
      0.23%
      1.5°C
      This company is on a 1.5°C pathway
      0.23%
    • Ampol Ltd.
      0.07%
      0.07%
    • Orica Ltd.
      0.06%
      0.06%
    • Rio Tinto
      0.04%
      0.04%
    • Texas Pacific Land Corp.
      0.04%
      0.04%
    • Valero Energy Corp.
      0.04%
      0.04%
    • Fairfax Financial Holdings Ltd.
      0.03%
      0.03%
    • Atmos Energy Corp.
      0.02%
      0.02%
    • Consolidated Edison, Inc.
      0.02%
      0.02%
    • Constellation Energy Corp.
      0.02%
      0.02%
    • E.On Se
      0.02%
      0.02%
    • Enel
      0.02%
      1.5°C
      This company is on a 1.5°C pathway
      0.02%
    • Halliburton Co.
      0.02%
      0.02%
    • Jefferies
      0.02%
      0.02%
    • National Grid 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
      0.02%
    • Perenti Ltd.
      0.02%
      0.02%
    • Phillips 66
      0.02%
      0.02%
    • Viva Energy Group Ltd.
      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%
    • Dalrymple Bay Infrastructure Ltd.
      0.01%
      0.01%
    • 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%
    • Ftai Aviation Ltd.
      0.01%
      0.01%
    • Monadelphous Group Ltd.
      0.01%
      0.01%
    • Oneok, Inc.
      0.01%
      0.01%
  • Weapons 0.55%

    • 0.19%
    • Transdigm Group, Inc.
      0.04%
      0.04%
    • Amphenol Corp.
      0.02%
      0.02%
    • Austal Ltd.
      0.02%
      0.02%
    • Booz Allen Hamilton Holding Corp.
      0.02%
      0.02%
    • Howmet Aerospace, Inc.
      0.02%
      0.02%
    • Rheinmetall AG
      0.02%
      0.02%
    • Caci International, Inc.
      0.01%
      0.01%
    • Curtiss-Wright Corp.
      0.01%
      0.01%
    • Heico Corp.
      0.01%
      0.01%
    • Kbr, Inc.
      0.01%
      0.01%
    • Science Applications International Corp.
      0.01%
      0.01%
    • Teledyne Technologies, Inc.
      0.01%
      0.01%
  • Environmental Harm 0.7%

    • BHP
      0.23%
      !!
      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
      0.23%
    • Coca-Cola
      0.16%
      0.16%
    • Unilever PLC
      0.08%
      0.08%
    • PepsiCo
      0.06%
      0.06%
    • 3M
      0.03%
      0.03%
    • 0.03%
    • Corteva, Inc.
      0.02%
      0.02%
    • Danone
      0.02%
      0.02%
    • Nufarm Ltd.
      0.02%
      0.02%
    • 0.02%
    • Nutrien Ltd.
      0.01%
      0.01%

From the Fund Provider

  • About this fund

    About this Fund

    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 $218M NZD
    Period of data report 31st March 2025
    Fund started 8th Aug. 2014
    Total annual fund fees 2.46%
    Total performance based fees 0.0%
    Manager's basic fee 1.32%
    Other management and administration charges 1.14%
    Total other charges 0.0
    Total other charges currency NZD

    Jason Ferguson

    Currently: Investment Strategist (Caliber investment) (10 years, 9 months)
    Previously: Portfolio Manager (First State / ASB Group Investments) (9 years, 0 months)

    Alan Austin

    Currently: Chairman and Director New Zealand Investment Portfolio Management Limited (3 years, 4 months)
    Previously: Senior Investment Consultant (Eriksen & Associates) (6 years, 0 months)

    Craig Dealey

    Currently: Managing Director New Zealand Investment Portfolio Management Limited (11 years, 0 months)
    Previously: General Manager - NZFP Assets Management Limited (12 years, 0 months)

    Mark Wooster

    Currently: Chief Investment Officer (Caliber Investment) (15 years, 4 months)
    Previously: Chief Investment Officer (Sovereign and ASB Group Investments) (5 years, 0 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% 5.43%
    2024 12.48% 21.17%
    2023 -4.05% -3.38%
    2022 1.38% 3.43%
    2021 27.68% 31.68%
    2020 -4.45% -9.12%
    2019 6.12% 1.35%
    2018 8.66% 3.67%
    2017 7.20% 7.73%
    2016 5.40% 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 31st March 2025.

  • Investments

    Top 10 Investments

    • Dimensional Global Sust. (NZD Hedged)

      Australia International Equities

      31.56%
    • Dimensional Global Sustainability PIE Fund

      Australia International Equities

      30.64%
    • Blackrock Multi Opportunity Fund

      Australia Other

      10.67%
    • Man Alternative Style Risk Premia Fund Cl I H NZD

      Australia Other

      5.84%
    • DFA Australian Sustainability PIE Fund

      Australia Australasian Equities

      5.02%
    • Aberdeen Standard Emerging Opportunity Fund

      Australia International Equities

      4.7%
    • Aqr Style Premia Offshore Fund - NZD Class

      Australia Other

      3.93%
    • Magellan Global Fund

      Australia International Equities

      3.61%
    • Devon Core Absolute Fund

      New Zealand Australasian Equities

      2.96%
    • Aoris International Fund Unhedged Class A

      Australia International Equities

      0.49%
    Type Target Actual
    Cash and Cash Equivalents 5.0% 0.57%
    New Zealand Fixed Interest 5.0% 0.0%
    International Fixed Interest 5.0% 0.0%
    Australasian Equities 5.0% 8.09%
    International Equities 55.0% 70.84%
    Listed Properties 0.0% 0.0%
    Unlisted Properties 0.0% 0.0%
    Other 25.0% 20.5%
    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

  • 1.39% Animal Cruelty
  • 1.51% Human Rights Violations
  • 0.02% Social Harm
  • 1.16% Fossil Fuels
  • 0.55% Weapons
  • 0.7% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • 0.21%
    • L'Oréal SA
      0.14%
      0.14%
    • Colgate-Palmolive Co.
      0.09%
      0.09%
    • Unilever PLC
      0.08%
      0.08%
    • The Sherwin-Williams Co.
      0.07%
      0.07%
    • Orica Ltd.
      0.06%
      0.06%
    • Hermès International Sca
      0.05%
      0.05%
    • 3M
      0.03%
      0.03%
    • Church & Dwight Co., Inc.
      0.03%
      0.03%
    • Ecolab, Inc.
      0.03%
      0.03%
    • Rpm International, Inc.
      0.03%
      0.03%
    • Tapestry, Inc.
      0.03%
      0.03%
    • Akzo Nobel Nv
      0.02%
      0.02%
    • Corteva, Inc.
      0.02%
      0.02%
    • Dupont De Nemours
      0.02%
      0.02%
    • Givaudan SA
      0.02%
      0.02%
    • Henkel AG & Co. Kgaa
      0.02%
      0.02%
    • International Flavors & Fragrances, Inc.
      0.02%
      0.02%
    • Koninklijke Ahold Delhaize Nv
      0.02%
      0.02%
    • Novozymes A/S
      0.02%
      0.02%
    • Nufarm Ltd.
      0.02%
      0.02%
    • PPG Industries, Inc.
      0.02%
      0.02%
    • Symrise AG
      0.02%
      0.02%
    • Covestro AG
      0.01%
      0.01%
    • Nutrien Ltd.
      0.01%
      0.01%
    • The Clorox Co.
      0.01%
      0.01%
  • Human Rights Violations

    • 0.80%
    • 0.16%
    • Nestlé
      0.13%
      0.13%
    • Caterpillar
      0.11%
      0.11%
    • General Motors
      0.04%
      0.04%
    • Rio Tinto
      0.04%
      0.04%
    • 0.03%
    • Wells Fargo
      0.03%
      0.03%
    • UBS
      0.02%
      0.02%
    • Kbr, Inc.
      0.01%
      0.01%
  • Fossil Fuels

    • BHP
      0.23%
      !!
      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
      0.23%
    • Contact Energy Ltd.
      0.23%
      1.5°C
      This company is on a 1.5°C pathway
      0.23%
    • Ampol Ltd.
      0.07%
      0.07%
    • Orica Ltd.
      0.06%
      0.06%
    • Rio Tinto
      0.04%
      0.04%
    • Texas Pacific Land Corp.
      0.04%
      0.04%
    • Valero Energy Corp.
      0.04%
      0.04%
    • Fairfax Financial Holdings Ltd.
      0.03%
      0.03%
    • Atmos Energy Corp.
      0.02%
      0.02%
    • Consolidated Edison, Inc.
      0.02%
      0.02%
    • Constellation Energy Corp.
      0.02%
      0.02%
    • E.On Se
      0.02%
      0.02%
    • Enel
      0.02%
      1.5°C
      This company is on a 1.5°C pathway
      0.02%
    • Halliburton Co.
      0.02%
      0.02%
    • Jefferies
      0.02%
      0.02%
    • National Grid 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
      0.02%
    • Perenti Ltd.
      0.02%
      0.02%
    • Phillips 66
      0.02%
      0.02%
    • Viva Energy Group Ltd.
      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%
    • Dalrymple Bay Infrastructure Ltd.
      0.01%
      0.01%
    • 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%
    • Ftai Aviation Ltd.
      0.01%
      0.01%
    • Monadelphous Group Ltd.
      0.01%
      0.01%
    • Oneok, Inc.
      0.01%
      0.01%
  • Weapons

    • 0.19%
    • Transdigm Group, Inc.
      0.04%
      0.04%
    • Amphenol Corp.
      0.02%
      0.02%
    • Austal Ltd.
      0.02%
      0.02%
    • Booz Allen Hamilton Holding Corp.
      0.02%
      0.02%
    • Howmet Aerospace, Inc.
      0.02%
      0.02%
    • Rheinmetall AG
      0.02%
      0.02%
    • Caci International, Inc.
      0.01%
      0.01%
    • Curtiss-Wright Corp.
      0.01%
      0.01%
    • Heico Corp.
      0.01%
      0.01%
    • Kbr, Inc.
      0.01%
      0.01%
    • Science Applications International Corp.
      0.01%
      0.01%
    • Teledyne Technologies, Inc.
      0.01%
      0.01%
  • Environmental Harm

    • BHP
      0.23%
      !!
      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
      0.23%
    • Coca-Cola
      0.16%
      0.16%
    • Unilever PLC
      0.08%
      0.08%
    • PepsiCo
      0.06%
      0.06%
    • 3M
      0.03%
      0.03%
    • 0.03%
    • Corteva, Inc.
      0.02%
      0.02%
    • Danone
      0.02%
      0.02%
    • Nufarm Ltd.
      0.02%
      0.02%
    • 0.02%
    • Nutrien Ltd.
      0.01%
      0.01%

About this Fund

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 $218M NZD
Period of data report 31st March 2025
Fund started 8th Aug. 2014
Total annual fund fees 2.46%
Total performance based fees 0.0%
Manager's basic fee 1.32%
Other management and administration charges 1.14%
Total other charges 0.0
Total other charges currency NZD

Jason Ferguson

Currently: Investment Strategist (Caliber investment) (10 years, 9 months)
Previously: Portfolio Manager (First State / ASB Group Investments) (9 years, 0 months)

Alan Austin

Currently: Chairman and Director New Zealand Investment Portfolio Management Limited (3 years, 4 months)
Previously: Senior Investment Consultant (Eriksen & Associates) (6 years, 0 months)

Craig Dealey

Currently: Managing Director New Zealand Investment Portfolio Management Limited (11 years, 0 months)
Previously: General Manager - NZFP Assets Management Limited (12 years, 0 months)

Mark Wooster

Currently: Chief Investment Officer (Caliber Investment) (15 years, 4 months)
Previously: Chief Investment Officer (Sovereign and ASB Group Investments) (5 years, 0 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% 5.43%
2024 12.48% 21.17%
2023 -4.05% -3.38%
2022 1.38% 3.43%
2021 27.68% 31.68%
2020 -4.45% -9.12%
2019 6.12% 1.35%
2018 8.66% 3.67%
2017 7.20% 7.73%
2016 5.40% 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 31st March 2025.

Top 10 Investments

  • Dimensional Global Sust. (NZD Hedged)

    Australia International Equities

    31.56%
  • Dimensional Global Sustainability PIE Fund

    Australia International Equities

    30.64%
  • Blackrock Multi Opportunity Fund

    Australia Other

    10.67%
  • Man Alternative Style Risk Premia Fund Cl I H NZD

    Australia Other

    5.84%
  • DFA Australian Sustainability PIE Fund

    Australia Australasian Equities

    5.02%
  • Aberdeen Standard Emerging Opportunity Fund

    Australia International Equities

    4.7%
  • Aqr Style Premia Offshore Fund - NZD Class

    Australia Other

    3.93%
  • Magellan Global Fund

    Australia International Equities

    3.61%
  • Devon Core Absolute Fund

    New Zealand Australasian Equities

    2.96%
  • Aoris International Fund Unhedged Class A

    Australia International Equities

    0.49%
Type Target Actual
Cash and Cash Equivalents 5.0% 0.57%
New Zealand Fixed Interest 5.0% 0.0%
International Fixed Interest 5.0% 0.0%
Australasian Equities 5.0% 8.09%
International Equities 55.0% 70.84%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 25.0% 20.5%
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.