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 0.84%
    • Thermo Fisher Scientific Inc 0.39%
    • Johnson & Johnson 0.34%
    • Nestle SA-Reg 0.32%
    • Thermo Fisher Scientific 0.13%
    • Rio Tinto Ltd 0.12%
    • Wells Fargo & Co 0.11%
    • Caterpillar Finl Service 0.09%
    • Uber Technologies Inc 0.07%
    • Rio Tinto PLC-Spon Adr 0.05%
    • Glencore PLC 0.04%
    • Motorola Solutions Inc 0.03%
    • Caterpillar Inc 0.01%
    • China Petroleum & Chemical-A 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
    • Grupo Mexico Sab De Cv-Ser B 0.01%
    • Petrochina Co Ltd-A 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
    • BHP Group Ltd 0.63% !!
      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
    • Chevron Corp 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
    • Shell PLC 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
    • BHP Group Ltd-Spon Adr 0.13% !!
      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
    • Newcrest Mining Ltd 0.07%
    • Freeport-Mcmoran Inc 0.06%
    • Duke Energy Corp 0.05%
    • Vale SA 0.05%
    • 3M Co 0.04%
    • Corteva Inc 0.04%
    • Glencore PLC 0.04%
    • Archer-Daniels-Midland Co 0.03%
    • Basf Se 0.03%
    • Bayer AG-Reg 0.03%
    • Barrick Gold Corp 0.02%
    • Nutrien Ltd 0.02%
    • Pg&E Corp 0.02%
    • Ntpc Ltd 0.01%
    • LVMH Moet Hennessy Louis Vui 0.61%
    • Exxon Mobil Corp 0.46% !!
      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
    • Procter & Gamble Co/The 0.30%
    • Chevron Corp 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
    • Shell PLC 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
    • L'Oreal 0.19%
    • LVMH Moet Hennessy Vuitt 0.15%
    • Shin-Etsu Chemical Co Ltd 0.14%
    • Unilever PLC 0.09%
    • Reliance Industries Ltd 0.08% !!
      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
    • Sherwin-Williams Co 0.08%
    • Air Liquide SA 0.07%
    • Colgate-Palmolive Co 0.05%
    • Ecolab Inc 0.05%
    • Hermes International 0.05%
    • 3M Co 0.04%
    • Corteva Inc 0.04%
    • Dow Inc 0.04%
    • Dupont De Nemours Inc 0.04%
    • Exxon Mobil Corporation 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
    • PPG Industries Inc 0.04%
    • Basf Se 0.03%
    • Bayer AG-Reg 0.03%
    • Eni Spa 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
    • Kimberly-Clark Corp 0.03%
    • Shiseido Co Ltd 0.03%
    • Church & Dwight Co Inc 0.02%
    • Entegris Inc 0.02%
    • Estee Lauder Co Inc 0.02%
    • Fancl Corp 0.02%
    • Givaudan-Reg 0.02%
    • Hindustan Unilever Ltd 0.02%
    • Itc Ltd 0.02%
    • Kering 0.02%
    • Koninklijke Ahold Delhaize N 0.02%
    • L'Oreal SA 0.02%
    • Nutrien Ltd 0.02%
    • Orica Ltd 0.02%
    • Albemarle Corp 0.01%
    • Asian Paints Ltd 0.01%
    • Beiersdorf AG 0.01%
    • China Petroleum & Chemical-A 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
    • Essity Ab 0.01%
    • Henkel AG & Co Kgaa 0.01%
    • Intl Flavors & Fragrances 0.01%
    • Kao Corp 0.01%
    • Symrise AG 0.01%
    • The Clorox Co. 0.01%
    • Unicharm Corp 0.01%
    • Walmart Inc 0.35%
    • Amphenol Corp 0.04%
    • Safran SA 0.04%
    • Brookfield Corp 0.03%
    • Daikin Industries Ltd 0.03%
    • L3Harris Technologies Inc 0.03%
    • Transdigm Inc 0.03%
    • Larsen & Toubro Ltd 0.02%
    • Rolls-Royce Holdings PLC 0.02%
    • Booz Allen Hamilton Holdings 0.01%
    • Heico Corp 0.01%
    • Howmet Aerospace Inc 0.01%
    • Rheinmetall AG 0.01%
    • Teledyne Technologies Inc 0.01%
    • Thales SA 0.01%
    • Contact Energy Ltd 1.39% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.63% !!
      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
    • Exxon Mobil Corp 0.46% !!
      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
    • Woodside Energy Group Ltd 0.30% !!
      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
    • Chevron Corp 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
    • Shell PLC 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
    • Channel Infrastructure NZ Lt 0.18%
    • Total SA 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
    • BHP Group Ltd-Spon Adr 0.13% !!
      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
    • Equinor Asa-Spon Adr 0.13% !!
      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 Ltd 0.12%
    • Conocophillips 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
    • Totalenergies Se 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
    • BP PLC 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
    • Nextera Energy Inc 0.09%
    • Reliance Industries Ltd 0.08% !!
      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
    • Weir Group PLC/The 0.08%
    • Eog Resources Inc 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
    • Iberdrola SA 0.06% 1.5°C
      This company is on a 1.5°C pathway
    • Petroleo Brasileiro-Spon Adr 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
    • Canadian Natural Resources 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
    • Duke Energy Corp 0.05%
    • Enbridge 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
    • Enel Spa 0.05% 1.5°C
      This company is on a 1.5°C pathway
    • Marathon Petroleum Corp 0.05%
    • Rio Tinto PLC-Spon Adr 0.05%
    • Southern Co/The 0.05%
    • Vale SA 0.05%
    • Exxon Mobil Corporation 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
    • Glencore PLC 0.04%
    • Mitsubishi 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
    • Phillips 66 Co 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
    • Pioneer Natural Resource 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
    • American Electric Power 0.03%
    • Cheniere Energy Inc 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
    • Constellation Energy 0.03%
    • Dominion Energy Inc 0.03%
    • Eni Spa 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
    • Halliburton Co 0.03%
    • Hess 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
    • Itochu 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
    • Kinder Morgan Inc 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
    • Mitsui & Co Ltd 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
    • National Grid PLC 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
    • Occidental Petroleum Cor 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
    • Oneok Inc 0.03%
    • Origin Energy Ltd 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
    • Sempra Energy 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
    • Suncor Energy Inc 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
    • 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
    • Valero Energy Corp 0.03%
    • Williams Cos Inc 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
    • Agl Energy Ltd 0.02%
    • Ameren Corp 0.02%
    • Ampol Ltd 0.02%
    • Apa Group 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
    • Cenovus Energy 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
    • Compagnie De Saint-Gobain SA 0.02%
    • Consolidated Edison Inc 0.02%
    • Coterra Energy 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
    • Devon Energy 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
    • Diamondback Energy 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
    • Dte Energy Co 0.02%
    • E.On Se 0.02%
    • Entergy Corp 0.02%
    • Firstenergy Corp 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
    • Franco-Nevada Corp 0.02%
    • Grupo Financiero Inbursa Sab De Cv 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
    • Nippon Steel Corp 0.02%
    • Orica Ltd 0.02%
    • Pg&E Corp 0.02%
    • Posco Holdings Inc 0.02%
    • Public Service Enterpris 0.02%
    • Repsol SA 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
    • Rwe AG 0.02%
    • Saudi Arabian Oil Co 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
    • 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
    • Washington H. Soul Pattinson 0.02%
    • Wec Energy Group Inc 0.02%
    • Whitehaven Coal Ltd 0.02%
    • Xcel Energy Inc 0.02%
    • Atmos Energy Corp 0.01%
    • Centerpoint Energy Inc 0.01%
    • China Petroleum & Chemical-A 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
    • China Shenhua Energy Co-H 0.01%
    • Ck Hutchison Holdings Ltd 0.01%
    • Cms Energy Corp 0.01%
    • Energias De Portugal SA 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Engie 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
    • Eqt Corp 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
    • Fairfax Financial Hldgs Ltd 0.01%
    • Grupo Mexico Sab De Cv-Ser B 0.01%
    • Inpex Corp 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
    • Loews Corp 0.01%
    • Marathon Oil Corp 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
    • Neste Oyj 0.01%
    • Ntpc Ltd 0.01%
    • Ovintiv 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
    • Pembina Pipeline Corp 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
    • Petrochina Co Ltd-A 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
    • Ppl Corp 0.01%
    • Targa Resources Corp 0.01%
    • Tata Steel Ltd 0.01%
    • Teck Resources Ltd-Cls B 0.01%
    • Tourmaline Oil Corp 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 KiwiSaver 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 Geared Growth Fund is suited to investors who seek higher returns, including increased potential returns via leverage, on average over extended periods (fifteen years plus), allowing for more significant short to medium term ups and downs. We aim to achieve this by investing predominantly in growth assets, with little or no allocation to income assets, and the use of leverage to provide increased exposure.

Value $408M NZD
Period of data report 31st Dec. 2023
Members 13,166
Fund started 15th July 2009
Total annual fund fees 1.48%
Total performance based fees 0.0%
Manager's basic fee 1.42%
Other management and administration charges 0.06%
Total other charges 36.0
Total other charges currency NZD

Nic Craven

Currently: Chief Investment Officer, Booster Financial Services Limited (2 years, 5 months)
Previously: Senior Manager - Research, Booster Financial Services Limited (3 years, 2 months)

Brendon Doyle

Currently: Director of Direct Investments, Booster Financial Services Limited (6 years, 11 months)
Previously: Deputy Secretary, Financial Operations, New Zealand Treasury (1 years, 1 months)

David Beattie

Currently: Chair of the Investment Committee, Booster Investment Management Limited (4 years, 10 months)
Previously: CIO, Booster Financial Services Limited (17 years, 6 months)

Aaron Usher

Currently: Portfolio Strategy Manager, Booster Financial Services Limited (2 years, 5 months)
Previously: Portfolio Manager - Australasian Equities, Booster Financial Services Limited (3 years, 8 months)

Rowan Calvert

Currently: Portfolio Manager - Global Equities, Booster Financial Services Limited (6 years, 2 months)
Previously: Senior Equity Analyst, Booster Financial Services Limited (7 years, 4 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 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 -4.84% -7.23%
2022 3.55% 5.4%
2021 33.87% 46.38%
2020 -6.10% -7.45%
2019 10.35% 10.51%
2018 6.95% 10.23%
2017 10.40% 14.56%
2016 4.51% 0.96%
2015 15.30% 18.4%
2014 10.31% 7.74%

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 KiwiSaver fund has filed with Disclose register to 31st Dec. 2023.

Top 10 Investments

  • Vanguard Int'L Shares Select Exclusions Fund - NZD Hgd
    Australia Fund
    37.68%
  • Vanguard Emerging Markets Share Index Fund
    Australia Fund
    5.95%
  • Vanguard ESG US Stock ETF
    United States Fund
    4.31%
  • Vanguard Int'L Prop Sec. Index Fund (AUD Hgd)
    Australia Fund
    2.75%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    2.54%
  • Ishares Msci Europe ESG ETF
    Germany Fund
    2.23%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    2.16%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    1.79%
  • Infratil Limited
    New Zealand Australasian Equities
    1.79%
  • Communication Services Select Sector Spdr ETF
    United States Fund
    1.66%
Type Target Actual
Cash and Cash Equivalents 1.0% 1.4%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 32.0% 29.33%
International Equities 57.0% 63.8%
Listed Properties 4.0% 4.86%
Unlisted Properties 6.0% 0.61%
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 KiwiSaver fund has filed with Disclose register to 31st Dec. 2023.