Amanah Growth Fund

In their own words: "Amanah Growth Fund may only hold investments which comply with the Ethical Mandate of Amanah KiwiSaver Plan. The fund’s investment objective is to increase the rate of average annual return to investors over the long-term, while strictly complying with the restrictions of Amanah KiwiSaver Plan’s Ethical Mandate."

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Mindful Fund
Type: Aggressive fund
Past Returns: 4.09%

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

Annual Fees: 2.07%

Annual fees, including membership and % management fee.

A summary of this fund and it's details.

Number FND3138
Name Amanah Growth Fund
Risk profile Aggressive fund
Description Amanah Growth Fund may only hold investments which comply with the Ethical Mandate of Amanah KiwiSaver Plan. The fund’s investment objective is to increase the rate of average annual return to investors over the long-term, while strictly complying with the restrictions of Amanah KiwiSaver Plan’s Ethical Mandate.
Value $19M NZD
Members 1,263
Market index description Dow Jones Islamic Market US Index - an index of globally traded stock that pass rules-based screens for compliance with Islamic investment guidelines
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Mon March 24th 2014
Three-year average return 4.09%
Market index past year return 31.46%
Past year return net charges and tax 30.07%
Past year return net of charges gross of tax 30.17%
Market index return since fund started 10.58%
Return since fund started net 7.83%
Total annual fund fees 2.07%
Total performance based fees 0.0%
Manager's basic fee 1.62%
Administration charges 0.45%
Total other charges 32.4
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2019 10.11% 13.82%
2018 6.68% -1.97%
2017 11.18% 0.41%
2016 4.51% 4.05%
2015 15.30% 16.04%

The market index is the average NZ KiwiSaver 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 30 September 2019.

Showing the top 10 investments for this fund:

  • AAPL : Apple Inc.
    United States International Equities
    6.73%
  • Tyl : Tyler Technologies, Inc.
    United States International Equities
    5.28%
  • Wns : Wns (Holdings) Limited
    United States International Equities
    4.67%
  • Msft : Microsoft Corporation
    United States International Equities
    4.36%
  • Nke : Nike, Inc.
    United States International Equities
    4.24%
  • Googl : Alphabet Inc.
    United States International Equities
    3.78%
  • Akam : Akamai Technologies, Inc.
    United States International Equities
    3.64%
  • Chd : Church & Dwight Company, Inc.
    United States International Equities
    3.39%
  • Orly : O'Reilly Automotive, Inc.
    United States International Equities
    3.37%
  • Ir : Ingersoll-Rand Plc (Ireland)
    United States International Equities
    3.22%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 12.5% 3.04%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 87.5% 96.96%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Key Personnel

  • Brian Henry

    Currently: Managing Director (6 years, 4 months)
    Previously: Barrister (43 years, 4 months)

  • Claude Oberto

    Currently: Investment Committee Member (6 years, 4 months)
    Previously: Director / Senior Executive (finance industry) (25 years, 6 months)

  • Dr Faruk Balli

    Currently: Director (6 years, 4 months)
    Previously: Associate Professor - Massey University School of Economics & Finance (4 years, 9 months)

  • Gregory Fortuin

    Currently: Board Chair (6 years, 4 months)
    Previously: Director (finance industry) / Race Relations Conciliator (36 years, 4 months)

  • Robert Knox

    Currently: Investment Committee Chair (6 years, 4 months)
    Previously: Managing Partner BDO / Accountant (40 years, 6 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a 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
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    10.41%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    %
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 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 and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

Note that many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons

Specific companies invested in:

Animal Testing

Church & Dwight Company, Inc. 4.080%
Clorox Company (The) 1.950%
Pepsico, Inc. 1.850%
Procter & Gamble Company (The) 1.600%
Estee Lauder Companies, Inc. (The) 0.930%

Download the fund's disclosure statement and portfolio holdings.

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