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 1.02%
    • Johnson & Johnson 0.30%
    • Rio Tinto PLC 0.13%
    • Meta Platforms Inc 0.09%
    • Mattel Inc 0.04%
    • Caterpillar Inc 0.02%
    • 3M Co 0.03%
    • Corteva Inc 0.02%
    • Fmc Corp 0.02%
    • Procter & Gamble Co/The 0.20%
    • Sherwin-Williams Co 0.09%
    • Koninklijke Ahold Delhaize N 0.06%
    • Dow Inc 0.05%
    • Dupont De Nemours Inc 0.04%
    • Yara International Asa 0.04%
    • 3M Co 0.03%
    • Celanese Corp 0.03%
    • Dcc PLC 0.03%
    • Henkel AG & Co Kgaa Vor-Pref 0.03%
    • Unilever PLC 0.03%
    • Corteva Inc 0.02%
    • Eastman Chemical Co 0.02%
    • Fmc Corp 0.02%
    • Kao Corp 0.02%
    • Kimberly-Clark Corp 0.02%
    • LVMH Moet Hennessy Louis Vui 0.02%
    • Mowi Asa 0.02%
    • Otsuka Holdings Co Ltd 0.02%
    • Tyson Foods Inc-Cl A 0.02%
    • Henkel AG & Co Kgaa 0.01%
    • Kering 0.01%
    • Moncler Spa 0.01%
    • Hexcel Corp 0.08%
    • Howmet Aerospace Inc 0.01%
    • Contact Energy Ltd 0.74% 1.5°C
      This company is on a 1.5°C pathway
    • Kinder Morgan Inc 0.31% !!
      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
    • Cms Energy Corp 0.27%
    • Rio Tinto PLC 0.13%
    • Enterprise Products Partners 0.10% !!
      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
    • Williams Cos Inc 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
    • Williams Companies Inc 0.07% !!
      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 Infrastruct NZ 0.06%
    • Ppl Corp 0.06%
    • Compagnie De Saint Gobain 0.05%
    • National Grid PLC 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
    • Atmos Energy Corp 0.04%
    • Endesa SA 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Naturgy Energy Group SA 0.04%
    • Nisource Inc 0.04%
    • Parkland Corp 0.04%
    • Sempra Energy 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
    • Tc Energy 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
    • Centerpoint Energy Inc 0.03%
    • Snam 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
    • Enagas 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
    • Genesis Energy Ltd 0.02%
    • Z Energy Ltd 0.02%
    • Enel Finance Intl Nv 0.01% 1.5°C
      This company is on a 1.5°C pathway

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

This investment option aims to provide a balance between stability of returns and growing your investment over the long term by investing in a mix of income and growth assets. Automatically rebalanced each year to a target fund mix determined by us, within a range of 40% to 50% Conservative Fund and 50% to 60% Growth Fund. As at the date of this fund update the target fund mix is 40% Conservative Fund and 60% Growth Fund

Value $1.09B NZD
Period of data report 30th Sept. 2023
Members 36,756
Fund started 12th June 2009
Total annual fund fees 0.98%
Total performance based fees 0.0%
Manager's basic fee 0.91%
Other management and administration charges 0.07%
Total other charges 0.0
Total other charges currency NZD

Ashley Gardyne

Currently: Chief Investment Officer (2 years, 3 months)
Previously: Senior Portfolio Manager, International Equities, Fisher Funds Management Limited (5 years, 5 months)

Mark Brighouse

Currently: Chief Investment Strategist (6 years, 2 months)
Previously: Chief Investment Officer, Fisher Funds Management Limited (5 years, 9 months)

David Mcleish

Currently: Senior Portfolio Manager, Fixed Interest (12 years, 6 months)
Previously: Executive Director, Goldman Sachs International, London (3 years, 0 months)

Sam Dickie

Currently: Senior Portfolio Manager, International Equities and Property & Infrastructure (1 years, 0 months)
Previously: Senior Portfolio Manager, NZ Equities and Property & Infrastructure, Fisher Funds Management Limited (5 years, 7 months)

Robbie Urquhart

Currently: Senior Portfolio Manager, Australian Equities (5 years, 4 months)
Previously: Portfolio Manager / Principal, Trafalgar Copley Limited (11 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 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 -2.79% -3.21%
2022 0.71% 0.1%
2021 17.98% 19.63%
2020 -1.40% 0.07%
2019 5.81% 7.32%
2018 5.28% 6.73%
2017 5.86% 6.7%
2016 4.01% 3.84%
2015 11.09% 8.47%
2014 7.28% 8.95%

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 30th Sept. 2023.

Top 10 Investments

  • ANZ 10 A/C - Current Accounts
    New Zealand Cash and Equivalents
    5.3%
  • Infratil Limited
    New Zealand Australasian Equities
    1.52%
  • Bayfair Shopping Centre - Retail
    New Zealand Unlisted Property
    1.38%
  • Mainfreight Limited
    New Zealand Australasian Equities
    1.36%
  • Fisher & Paykel Healthcare Corp Ltd
    New Zealand Australasian Equities
    1.28%
  • Alphabet Inc Cap Stock Class A
    United States International Equities
    1.2%
  • Amazon.Com Inc
    United States International Equities
    1.19%
  • Microsoft Corporation
    United States International Equities
    1.15%
  • Meta Platforms Inc
    United States International Equities
    1.02%
  • Xero Limited
    Australia Australasian Equities
    0.99%
Type Target Actual
Cash and Cash Equivalents 6.4% 9.48%
New Zealand Fixed Interest 17.0% 19.37%
International Fixed Interest 17.0% 14.57%
Australasian Equities 17.2% 16.39%
International Equities 33.0% 31.15%
Listed Properties 0.0% 0.0%
Unlisted Properties 4.7% 4.08%
Other 4.7% 4.96%
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 30th Sept. 2023.