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

    • Thermo Fisher Scientific Inc 0.66%
    • Caterpillar Inc 0.23%
    • Johnson & Johnson 0.18%
    • Motorola Solutions Inc 0.09%
    • Rio Tinto PLC 0.04%
    • Activision Blizzard Inc 0.02%
    • Bank Leumi Le-Israel 0.02%
    • Archer-Daniels-Midland Co 0.07%
    • Nutrien Ltd 0.07%
    • Bayer AG-Reg 0.05%
    • Corteva Inc 0.04%
    • Bunge Ltd 0.03%
    • Procter & Gamble Co/The 0.91%
    • LVMH Moet Hennessy Louis Vui 0.42%
    • Unilever PLC 0.28%
    • Colgate-Palmolive Co 0.19%
    • L'Oreal 0.17%
    • Air Liquide SA 0.15%
    • Kimberly-Clark Corp 0.15%
    • Sherwin-Williams Co/The 0.13%
    • Church & Dwight Co Inc 0.09%
    • Clorox Company 0.09%
    • PPG Industries Inc 0.09%
    • Kering 0.08%
    • Nutrien Ltd 0.07%
    • Hormel Foods Corp 0.06%
    • Koninklijke Ahold Delhaize N 0.06%
    • Bayer AG-Reg 0.05%
    • Givaudan-Reg 0.05%
    • Corteva Inc 0.04%
    • Intl Flavors & Fragrances 0.04%
    • Livent Corp 0.04%
    • Rentokil Initial PLC 0.04%
    • 3M Co 0.03%
    • Albemarle Corp 0.03%
    • Kao Corp 0.03%
    • Koninklijke Dsm Nv 0.03%
    • Mosaic Co/The 0.03%
    • Novozymes A/S-B Shares 0.03%
    • Shiseido Co Ltd 0.03%
    • Akzo Nobel N.V. 0.02%
    • Beiersdorf AG 0.02%
    • Burberry Group PLC 0.02%
    • Celanese Corp 0.02%
    • Chr Hansen Holding A/S 0.02%
    • Croda International PLC 0.02%
    • Hanwha Solutions Corp 0.02%
    • Henkel AG & Co Kgaa Vor-Pref 0.02%
    • Nan Ya Plastics Corp 0.02%
    • Symrise AG 0.02%
    • Tyson Foods Inc-Cl A 0.02%
    • Unicharm Corp 0.02%
    • Yakult Honsha Co Ltd 0.02%
    • Henkel AG & Co Kgaa 0.01%
    • Kikkoman Corp 0.01%
    • Mitsubishi Chemical Group Co 0.01%
    • Mowi Asa 0.01%
    • Nippon Paint Holdings Co Ltd 0.01%
    • Solvay SA 0.01%
    • Wanhua Chemical Group Co -A 0.01%
    • Booz Allen Hamilton Holdings 0.06%
    • Walmart Inc 0.04%
    • Howmet Aerospace Inc 0.03%
    • Amphenol Corp-Cl A 0.02%
    • Mtu Aero Engines AG 0.02%
    • Itochu Corp 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
    • Marubeni 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
    • Nippon Steel Corp 0.03%
    • Nippon Yusen Kk 0.02%
    • Weg SA 0.02%
    • Citic Ltd 0.01%
    • Intertek Group PLC 0.01%
    • Taiwan Cement 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 31st March 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 Global Equities Fund usually invests only in growth assets. The Fund aims to provide higher returns over the long term. It is suitable for investors who are prepared to accept a higher level of investment risk to potentially achieve a higher return.

Value $100M NZD
Period of data report 30th June 2023
Members 2,077
Fund started 1st Oct. 2007
Total annual fund fees 1.07%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Other management and administration charges 0.07%
Total other charges 0.0
Total other charges currency NZD

Bruce Robertson

Currently: Portfolio manager, JBWere (26 years, 3 months)
Previously: Partner, Goldman Sachs JBWere (7 years, 1 months)

Tom Phillips

Currently: Portfolio manager, JBWere (18 years, 10 months)
Previously: Corporate lawyer, Bell Gully (7 years, 8 months)

Earl White

Currently: Executive Advisor, Bancorp Treasury (20 years, 5 months)
Previously: Treasurer, BNP Paribas (8 years, 7 months)

Phil Borkin

Currently: Senior Strategist, JBWere (4 years, 6 months)
Previously: Senior Macro Strategist, ANZ (4 years, 0 months)

Hayden Griffiths

Currently: Head of Asset allocation, JBWere (27 years, 2 months)
Previously: Analyst, BZW (2 years, 5 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th June 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% -3.52%
2022 3.55% 4.54%
2021 33.87% 35.33%
2020 -6.10% -1.2%
2019 10.35% 7.83%
2018 6.95% 6.68%
2017 10.40% 14.69%
2016 4.51% -0.56%
2015 15.30% 17.09%
2014 10.31% 12.35%

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 June 2023.

Top 10 Investments

  • Jbwere Premium Custody Call Account - NZD
    New Zealand Cash and Equivalents
    4.95%
  • Infratil Ltd
    New Zealand Australasian Equities
    4.23%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    3.24%
  • Apple Inc
    United States International Equities
    2.63%
  • Microsoft Corp
    United States International Equities
    2.19%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    2.01%
  • Mainfreight Ltd
    New Zealand Australasian Equities
    1.88%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.66%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.61%
  • Fletcher Building Ltd
    New Zealand Australasian Equities
    1.37%
Type Target Actual
Cash and Cash Equivalents 0.0% 5.16%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 30.0% 29.71%
International Equities 70.0% 64.83%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.3%
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 June 2023.