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

    • Nextera Energy Partners Lp 0.38%
    • Contact Energy Ltd 0.23%
    • Wal Mart De Mexico Sab De Cv 0.34%
    • Nutrien Ltd 0.35%
    • Thermo Fisher Scientific Inc 0.30%
    • Nutrien Ltd 0.33%

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. 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

The Fund seeks to preserve Members’ capital, with modest capital growth over a three to five year period. The Fund invests primarily in fixed interest and cash, with a modest allocation to equities, directly and/or through the JUNO Balanced Fund.

Value $29M NZD
Period of data report 31st Dec. 2022
Members 1,299
Fund started 1st Aug. 2018
Total annual fund fees 0.67%
Total performance based fees 0.0%
Manager's basic fee 0.67%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Michael Taylor

Currently: Executive Director and Chief Investment Officer (0 years, 9 months)
Previously: Executive Director and Chief Executive Officer, Pie Funds (15 years, 5 months)

Guy Thornewill

Currently: Head of Global Research (4 years, 5 months)
Previously: Portfolio Manager at Ruffer LLP (9 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver 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 0.03%
Animal Cruelty 0.44%
Fossil Fuels 0.86%
Gambling 0.00%
GMOs 0.00%
Human Rights & Environmental Violations 0.68%
Palm Oil 0.00%
Tobacco 0.00%
Weapons 0.35%

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. 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 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. 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 -0.92% -6.04%
2021 8.73% 10.87%
2020 1.42% 2.26%

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. 2022.

Top 10 Investments

  • ANZ Bank Term Deposit
    New Zealand Cash and Equivalents AA-
    7.76%
  • BNZ Call Account - NZD
    New Zealand Cash and Equivalents AA-
    7.45%
  • ANZ Bank Term Deposit
    New Zealand Cash and Equivalents AA-
    7.29%
  • Chorus 2.51% 02/12/2030
    New Zealand NZ Fixed Interest BBB
    4.98%
  • Boc Term Deposit
    New Zealand Cash and Equivalents A
    3.24%
  • Bank Of New Zealand 1.884% 08/06/2026
    New Zealand NZ Fixed Interest AA-
    3.07%
  • New Zealand Gov 1.5% 20/04/2019
    New Zealand NZ Fixed Interest AAA
    2.9%
  • Housing New Zealand 2.183% 24/04/2030
    New Zealand NZ Fixed Interest AAA
    2.87%
  • Nab Call Account - USD
    New Zealand Cash and Equivalents AA-
    2.79%
  • Ishares Global Green Bond ETF
    United States Int Fixed Interest
    2.64%
Type Target Actual
Cash and Cash Equivalents 25.0% 30.32%
New Zealand Fixed Interest 35.0% 40.31%
International Fixed Interest 15.0% 10.61%
Australasian Equities 5.0% 1.92%
International Equities 15.0% 15.82%
Listed Properties 5.0% 1.02%
Unlisted Properties 0.0% 0.0%
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. 2022.