Get a Weapons Free Fund

Cut ties with Weapons Investment

80% of Kiwis don’t want firearms, cluster bombs, nuclear weapons or other military weapons in their KiwiSaver or other investment fund. A growing number of investors recognise the massive human suffering and environmental damage that results from weapons and choose not to invest in weapons producers.

In 2016, after a public outcry, many KiwiSaver providers excluded manufacturers of cluster bombs and landmines. In the wake of the Christchurch shootings, some have excluded firearms, such as semi-automatic weapons. But these exclusions are narrowly-drawn categories. For many investors, the issue is broader. They don’t want their KiwiSaver fund to include any companies that make profits from weapons manufacturers. 

From Mindful Money's analysis of fund investments at end March 2025, $338 million of KiwiSaver money and $328 million of retail investments was invested in companies involved in the manufacture of weapons.

The proportion of weapons in overall investment has risen significantly over the past year, with many investors unwittingly investing in companies that produce nuclear weapons, firearms or other weapons categories.

What does Weapons Free mean?

Weapons free means no investments in the following: 

Nuclear Weapons – Where companies are involved in the manufacturing or sale of nuclear weapons or components or services thereof.

Controversial Weapons - Where companies are involved in the manufacturing or retail of controversial weapons (e.g., landmines and cluster munitions) or components or services thereof.

Firearms - Where companies are involved in the manufacturing or retail of firearms, including guns, rifles, pistols, or components or services thereof.

Military Weapons - Where companies derive >10% of revenue from the manufacturing of weapons or weapon components and services to the defence industry. We do not include non-weapons-related military support.

Read more about our methodology for identifying weapons companies here.

KiwiSaver & Investment Funds free from Weapons

The following is a list of the funds that have fully excluded weapons from their portfolio (Mindful Money measures the level of investment down to 0.01% of the portfolio).

Note: the list focuses on funds that are invested globally and avoid weapons. In addition to these funds, Australasian-focused funds are not invested in weapons since there are no major listed weapons companies in NZ and Australia.

KiwiSaver Funds free from Weapons (based on March 2025 data)

• AE KiwiSaver Plan
• AMP KiwiSaver Milford Active Growth Fund
• Booster KiwiSaver Default Saver Fund
• Booster KiwiSaver Socially Responsible Balanced Fund
• Booster KiwiSaver Socially Responsible Geared Growth Fund
• Booster KiwiSaver Socially Responsible Growth Fund
• Booster KiwiSaver Socially Responsible High Growth Fund
• Booster KiwiSaver Socially Responsible Moderate Fund
• Fisher Funds KiwiSaver Plan Aggressive Fund
• Fisher Funds KiwiSaver Plan Default Fund
• Fisher Funds KiwiSaver Plan GlidePath Age 25
• Fisher Funds KiwiSaver Plan GlidePath Age 40
• Fisher Funds KiwiSaver Plan Growth Fund
• Fisher Funds KiwiSaver Scheme GlidePath Age 30
• Fisher Funds KiwiSaver Scheme Growth Fund
• Fisher Funds Two KiwiSaver Scheme Equity Fund
• Fisher Funds Two KiwiSaver Scheme GlidePath Age 25
• Fisher Funds Two KiwiSaver Scheme GlidePath Age 40
• Fisher Funds Two KiwiSaver Scheme Growth Fund
• Goalsgetter KiwiSaver Harbour Sustainable Impact Fund
• Goalsgetter KiwiSaver Milford Active Growth Fund
• Goalsgetter KiwiSaver Pathfinder Ethical Growth Fund
• Goalsgetter KiwiSaver Salt Sustainable Growth Fund
• InvestNow KiwiSaver Fisher Funds Growth Fund
• InvestNow KiwiSaver Milford Active Growth Fund
• InvestNow KiwiSaver Mint Diversified Growth Fund
• InvestNow KiwiSaver Pathfinder Ethical Growth Fund
• Investnow KiwiSaver Salt Sustainable Growth Fund
• Kernel KiwiSaver S&P Kensho Moonshots Innovation Fund
• Kōura KiwiSaver Emerging Markets Equities Fund
• NZ Funds KiwiSaver Balanced Fund
• NZ Funds KiwiSaver Inflation Strategy
• Pathfinder KiwiSaver Balanced Fund
• Pathfinder KiwiSaver Growth Fund
• QuayStreet KiwiSaver Altum Fund
• QuayStreet KiwiSaver Socially Responsible Investment Fund
• Sharesies KiwiSaver Pathfinder Ethical Growth Fund

Investment Funds free from Weapons (based on March 2025 data)

• AE Investor
• AMP Emerging Markets Fund
• Aspiring Fund
• Betashares Global Sustainability Leaders Fund
• Betashares Global Sustainability Leaders Fund (NZD Hedged)
• Booster Socially Responsible Balanced Fund
• Booster Socially Responsible Growth Fund
• Booster Socially Responsible High Growth Fund
• Booster Socially Responsible Moderate Fund
• Booster Wealth Balanced Fund
• Booster Wealth Geared Growth Fund
• Booster Wealth Growth Fund
• Booster Wealth High Growth Fund
• Booster Wealth Moderate Fund
• Castle Point Ranger Fund
• Clarity Dividend Yield Fund
• Devon Global Sustainability Fund
• Elevation Capital Global Shares Fund
• Epoch Global Quality Select Equity (Hedged) Fund
• Epoch Global Quality Select Equity Fund
• Fisher Funds Global Fund
• Fisher Funds Growth Fund
• Fisher Funds International Growth Fund
• Fisher Funds Investment Balanced Fund
• Fisher Funds Investment Growth Fund
• Fisher Funds Lifesaver Equity Fund
• Fisher Funds Lifesaver Growth Fund
• Fisher Funds Premium International Fund
• Forsyth Barr Global Sustainability Fund
• Forsyth Barr Global Value Fund
• Harbour Income Fund
• Hyperion Global Growth Companies PIE Fund
• Kernel S&P Kensho Moonshots Innovation Fund
• Lighthouse Global Equity Fund
• Mercer Income Generator Fund
• Milford Active Growth Fund
• Milford Diversified Income Fund
• Milford Dynamic Fund
• Mint Diversified Growth Fund
• Nikko AM Concentrated Equity Fund
• Nikko AM Core Equity Fund
• NZ Funds Global Macro
• NZ Funds Income Generator
• NZ Funds Wealth Builder - Inflation Strategy
• Octagon Income Fund
• OneAnswer SAC Equity Selection Fund
• Pathfinder Ethical Growth Fund
• Pathfinder Global Responsibility Fund
• Pathfinder Global Water Fund
• Pie Growth UK & Europe Fund
• QuayStreet Altum Fund
• QuayStreet Socially Responsible Investment Fund
• Salt Sustainable Global Shares Fund
• Salt Sustainable Growth Fund
• Salt Sustainable Income Fund
• Smart Automation and Robotics ETF
• Stewart Investors Worldwide Leaders Sustainability Fund

Want to know more?

Check out our seminar on Getting our Money out of Nuclear Weapons

You can find all our articles on weapons free investing here.