Funds
IPM Diversified Growth Portfolio
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:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- BHP Group Ltd 0.64%
- Contact 0.37%
- Woodside Energy Group Ltd 0.23%
- Santos Ltd 0.16%
- Constellation Energy 0.10%
- Valero Energy Corp 0.09%
- Wec Energy Group Inc 0.08%
- Xcel Energy Inc 0.08%
- Enbridge Inc 0.06%
- Iberdrola SA 0.06%
- South32 Ltd 0.06%
- Apa Group Units 0.04%
- Origin Energy Ltd 0.04%
- Constellation Energy Corp 0.03%
- Marathon Petroleum Corp 0.03%
- Neste Oyj 0.03%
- Ampol Ltd 0.02%
- Atmos Energy Corp 0.02%
- Consolidated Edison Inc 0.02%
- Consolidated Edison Inc Com Usd0.10 0.02%
- Hf Sinclair Corp 0.02%
- Pbf Energy Inc Com 0.02%
- Phillips 66 0.02%
- Phillips 66 Com Usd0.01 0.02%
- Sempra Energy 0.02%
- Texas Pacific Land Corp 0.02%
- Washington H Soul Pattinson & Comp 0.02%
- Whitehaven Coal Ltd 0.02%
- Agl Energy Ltd 0.01%
- Alliant Energy Corporation 0.01%
- Cheniere Energy Inc 0.01%
- Dte Energy Company 0.01%
- Hf Sinclair Corpor Com Usd0.01 0.01%
- National Grid PLC-Sp Adr 0.01%
- Oneok Inc 0.01%
- Pbf Energy Inc-Class A 0.01%
- Sempra Energy USD 0.01%
- South Jersey Industries 0.01%
- Ugi Corp 0.01%
- Ugi Corp Com 0.01%
Weapons
- Walmart Inc 0.26%
- Safran SA 0.06%
- Teledyne Technologies Inc 0.04%
- Transdigm Group Inc 0.04%
- Booz Allen Hamilton Holdings 0.03%
- Amphenol Corp Cl A 0.02%
- Amphenol Corp-Cl A 0.02%
- Brookfield Asset Management 0.02%
- Dick'S Sporting Goods Inc 0.02%
- Caci International Inc - Class A 0.01%
- Caci International Inc -Cl A 0.01%
- Canadian Tire Corp-Class A 0.01%
- Rbc Bearings Inc 0.01%
- Science Applications Inte 0.01%
- Science Applications International Corp 0.01%
Tobacco
- Casey'S General Stores Inc 0.02%
Gambling
- Skycity 0.23%
- Aristocrat Leisure 0.15%
- Aristocrat Leisure Ltd 0.08%
Alcohol
- Diageo PLC 0.17%
- Endeavour Group Ltd 0.03%
- Treasury Wine Estates Ltd 0.03%
- Metcash Ltd 0.01%
GMOs
- Corteva Inc 0.06%
Human Rights & Environmental Violations
- BHP Group Ltd 0.65%
- Meta Platforms Inc-Class A 0.30%
- Johnson & Johnson 0.28%
- Rio Tinto Limited 0.27%
- Johnson & Johnson Com US$1 0.26%
- Wells Fargo & Company 0.21%
- Thermo Fisher Scientific Inc 0.17%
- Activision Blizzard Inc 0.13%
- Rio Tinto Ltd 0.11%
- Caterpillar Inc 0.10%
- Corteva Inc 0.06%
- Fmc Corp 0.06%
- Rio Tinto PLC 0.05%
- Rio Tinto PLC Ord 10P Gbp 0.05%
- Motorola Solutions Inc 0.04%
- Wells Fargo & Co 0.04%
- Uber Technologies Inc 0.02%
- Mattel Inc 0.01%
- Mattel Inc Com Usd1.00 0.01%
- Nutrien Ltd 0.01%
- Nutrien Ltd Com Npv 0.01%
Animal Cruelty
- Pepsico Inc 0.18%
- Procter & Gamble Company 0.16%
- Procter & Gamble Co/The 0.15%
- LVMH Moet Hennessy Louis Vuitton 0.11%
- Coca Cola Co USD 0.09%
- Coca-Cola Co/The 0.09%
- Pepsico Inc Cap US$0.01 2/3 0.09%
- General Mills Inc 0.08%
- Unilever PLC 0.08%
- Unilever PLC-Sponsored Adr 0.08%
- Avantor Inc 0.07%
- 3M Co 0.06%
- Corteva Inc 0.06%
- Fmc Corp 0.06%
- Hermes International 0.06%
- L'Oreal 0.06%
- Sherwin Williams Com Usd1 0.06%
- Sherwin-Williams Co/The 0.06%
- Colgate Palmolive Usd1 0.05%
- Colgate-Palmolive Co 0.05%
- Kering 0.05%
- Estee Lauder Companies-Cl A 0.04%
- Keurig Dr Pepper Inc 0.04%
- PPG Industries Inc 0.04%
- Dupont De Nemours Inc 0.03%
- Estee Lauder Companies 0.03%
- Koninklijke Ahold Delhaize N 0.03%
- Koninklijke Ahold Delhaize Nv 0.03%
- Church & Dwight Co 0.02%
- Church & Dwight Co Inc 0.02%
- Ecolab Inc 0.02%
- Kellogg Co 0.02%
- Kellogg Company 0.02%
- Koninklijke Dsm Nv 0.02%
- Kraft Heinz Co Com Usd0.01 0.02%
- Kraft Heinz Co/The 0.02%
- Orica Ltd 0.02%
- Rpm International Inc 0.02%
- Tapestry Inc 0.02%
- Tapestry Inc Com Usd0.01 0.02%
- Akzo Nobel N.V. 0.01%
- Akzo Nobel Nv Eur0.50 0.01%
- Albemarle Corp 0.01%
- Albermarle Corp 0.01%
- Campbell Soup Co 0.01%
- Campbell Soup Co USD 0.01%
- Capri Holdings Ltd 0.01%
- Capri Holdings Ltd Com Npv 0.01%
- Clorox Co Del 0.01%
- Clorox Company 0.01%
- Coty Inc-Cl A 0.01%
- Dcc PLC 0.01%
- Dow Inc 0.01%
- Element Solutions Inc 0.01%
- George Weston Ltd 0.01%
- Huntsman Corp 0.01%
- Huntsman Corporation 0.01%
- Mosaic Co Com 0.01%
- Mosaic Co/The 0.01%
- Nutrien Ltd 0.01%
- Nutrien Ltd Com Npv 0.01%
- Sgs SA-Reg 0.01%
- Tesco PLC 0.01%
- Weston (George) Ltd 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. 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.
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
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 | $160M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 8th Aug. 2014 |
| Total annual fund fees | 2.25% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.32% |
| Other management and administration charges | 0.93% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Jason Ferguson |
Currently: Investment Strategist (Caliber investment) (8 years, 6 months) |
|
Neville Caird |
Currently: Chairman and Director New Zealand Investment Portfolio Management Limited (8 years, 9 months) |
|
Craig Dealey |
Currently: Managing Director New Zealand Investment Portfolio Management Limited (8 years, 9 months) |
|
Mike Staal |
Currently: Director New Zealand Investment Portfolio Management Limited (8 years, 9 months) |
|
Mark Wooster |
Currently: Chief Investment Officer (Caliber Investment) (13 years, 1 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.
Investment Exclusions
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).
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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.
| Issue of concern | Does this fund say it excludes this? | Actual holdings |
|---|---|---|
| Adult Entertainment /Pornography | 0.00% | |
| Alcohol | 0.25% | |
| Animal Cruelty | 3.36% | |
| Fossil Fuels | 2.86% | |
| Gambling | 0.50% | |
| GMOs | 0.07% | |
| Human Rights & Environmental Violations | 2.98% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.03% | |
| Weapons | 0.81% |
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. 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 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.
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 |
|---|---|---|
| 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 31st Dec. 2022.
Top 10 Investments
-
Dimensional Global Sust. (NZD Hedged)
Australia International Equities29.74% -
Dimensional Global Sustainability PIE Fund
Australia International Equities26.92% -
Blackrock Multi Opportunity Fund
Australia Other9.47% -
Spdr S&P/ASX 200 Index
Australia Australasian Equities6.53% -
Aqr Wholesale Delta Fund Series 14
Australia Other5.63% -
Aberdeen Standard Emerging Opportunity Fund
Australia International Equities5.42% -
Magellan Global Fund
Australia International Equities4.07% -
Devon Core Absolute Fund
New Zealand Australasian Equities3.53% -
Man Alternative Style Risk Premia Fund Cl I H NZD
Australia Other3.42% -
Cash At Bank - NZD
New Zealand Cash and Equivalents AA-3.29%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 5.27% |
| New Zealand Fixed Interest | 5.0% | 0.0% |
| International Fixed Interest | 5.0% | 0.0% |
| Australasian Equities | 5.0% | 10.06% |
| International Equities | 45.0% | 66.15% |
| Listed Properties | 10.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 25.0% | 18.52% |
| Commodities | 0.0% | 0.0% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.