Where a company has multiple ethical concerns, the total concerns percentage counts this investment once.
The average total concerns of all funds of the same risk profile is weighted by the funds' investment values.
The average total concerns of all KiwiSaver aggressive funds is 10.67%.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
One of Aotearoa New Zealand’s largest electric utilities companies. Operates three thermal power stations that employ gas and diesel. In FY2024, 81% of the energy Contact generated came from renewable energy (lower than in 2023 due to a dry winter). However, at the end of 2024 Contact opened a major new geothermal renewable facility - the Tauhara plant. It is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Produces electricity from plants and distributes gas. Is expanding its portfolio of renewable assets (wind & solar farms + hydro) and options to reduce emissions from Huntly (Battery technology and biomass use). However, in 2023 35% of revenue came from fossil fuel generation - Huntley Power Station (Coal & Gas) and sales of gas from the Kupe field.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Fonterra ranks as the fifth largest source of greenhouse gas emissions among agri-food companies globally. This position is reflective of the heavy environmental footprint of the dairy industry, notably of methane (GHG) produced by dairy herds and other harm from intensive dairy farming practices such as through high nitrogen runoff into rivers, which flow into oceans.
The Summer New Zealand Equities fund invests mostly in New Zealand shares, and can invest in Australian listed shares where the company has meaningful operations in New Zealand. We aim to achieve long-term returns (before fees, taxes and other expenses) greater than the S&P/NZX50 Gross with Imputation Index.
| Value | $18.3M NZD |
| Period of data report | 31st March 2025 |
| Members | 784 |
| Fund started | 19th Sept. 2016 |
| Total annual fund fees | 0.9% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.9% |
| Other management and administration charges | 0.0% |
| Total other charges | 36.0 |
| Total other charges currency | NZD |
|
Paul Robertshawe |
Currently: Chief Investment Officer, Octagon Asset Management Limited (3 years, 4 months)
|
|
Craig Alexander |
Currently: Head of Fixed Interest and ESG, Octagon Asset Management Limited (3 years, 4 months)
|
|
Jason Lindsay |
Currently: Head of Equities, Octagon Asset Management Limited (3 years, 4 months)
|
|
Neil Paviour-Smith |
Currently: Director, Forsyth Barr Investment Management Limited (17 years, 1 months)
|
|
Christine Smith-Han |
Currently: Equity and Strategy Analyst, Octagon Asset Management Limited (3 years, 4 months)
|
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.
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 |
|---|---|---|
| 2025 | 4.37% | -1.05% |
| 2024 | 16.75% | 1.93% |
| 2023 | -4.84% | -1.27% |
| 2022 | 3.55% | 2.39% |
| 2021 | 33.87% | 28.81% |
| 2020 | -6.10% | -3.34% |
| 2019 | 10.35% | 16.37% |
| 2018 | 6.95% | 14.78% |
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 March 2025.
Fisher & Paykel Healthcare Corporation Limited
New Zealand Australasian Equities
Auckland International Airport Limited
New Zealand Australasian Equities
Infratil Limited
New Zealand Australasian Equities
Contact Energy Limited
New Zealand Australasian Equities
Spark New Zealand Limited
New Zealand Australasian Equities
Meridian Energy Limited
New Zealand Australasian Equities
Mainfreight Limited
New Zealand Australasian Equities
The A2 Milk Company Limited
New Zealand Australasian Equities
Ebos Group Limited
New Zealand Australasian Equities
Fletcher Building Limited
New Zealand Australasian Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 2.55% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 85.0% | 91.23% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 10.0% | 6.21% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.
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 2025 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.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
One of Aotearoa New Zealand’s largest electric utilities companies. Operates three thermal power stations that employ gas and diesel. In FY2024, 81% of the energy Contact generated came from renewable energy (lower than in 2023 due to a dry winter). However, at the end of 2024 Contact opened a major new geothermal renewable facility - the Tauhara plant. It is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Produces electricity from plants and distributes gas. Is expanding its portfolio of renewable assets (wind & solar farms + hydro) and options to reduce emissions from Huntly (Battery technology and biomass use). However, in 2023 35% of revenue came from fossil fuel generation - Huntley Power Station (Coal & Gas) and sales of gas from the Kupe field.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Fonterra ranks as the fifth largest source of greenhouse gas emissions among agri-food companies globally. This position is reflective of the heavy environmental footprint of the dairy industry, notably of methane (GHG) produced by dairy herds and other harm from intensive dairy farming practices such as through high nitrogen runoff into rivers, which flow into oceans.
The Summer New Zealand Equities fund invests mostly in New Zealand shares, and can invest in Australian listed shares where the company has meaningful operations in New Zealand. We aim to achieve long-term returns (before fees, taxes and other expenses) greater than the S&P/NZX50 Gross with Imputation Index.
| Value | $18.3M NZD |
| Period of data report | 31st March 2025 |
| Members | 784 |
| Fund started | 19th Sept. 2016 |
| Total annual fund fees | 0.9% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.9% |
| Other management and administration charges | 0.0% |
| Total other charges | 36.0 |
| Total other charges currency | NZD |
|
Paul Robertshawe |
Currently: Chief Investment Officer, Octagon Asset Management Limited (3 years, 4 months)
|
|
Craig Alexander |
Currently: Head of Fixed Interest and ESG, Octagon Asset Management Limited (3 years, 4 months)
|
|
Jason Lindsay |
Currently: Head of Equities, Octagon Asset Management Limited (3 years, 4 months)
|
|
Neil Paviour-Smith |
Currently: Director, Forsyth Barr Investment Management Limited (17 years, 1 months)
|
|
Christine Smith-Han |
Currently: Equity and Strategy Analyst, Octagon Asset Management Limited (3 years, 4 months)
|
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.
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 |
|---|---|---|
| 2025 | 4.37% | -1.05% |
| 2024 | 16.75% | 1.93% |
| 2023 | -4.84% | -1.27% |
| 2022 | 3.55% | 2.39% |
| 2021 | 33.87% | 28.81% |
| 2020 | -6.10% | -3.34% |
| 2019 | 10.35% | 16.37% |
| 2018 | 6.95% | 14.78% |
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 March 2025.
Fisher & Paykel Healthcare Corporation Limited
New Zealand Australasian Equities
Auckland International Airport Limited
New Zealand Australasian Equities
Infratil Limited
New Zealand Australasian Equities
Contact Energy Limited
New Zealand Australasian Equities
Spark New Zealand Limited
New Zealand Australasian Equities
Meridian Energy Limited
New Zealand Australasian Equities
Mainfreight Limited
New Zealand Australasian Equities
The A2 Milk Company Limited
New Zealand Australasian Equities
Ebos Group Limited
New Zealand Australasian Equities
Fletcher Building Limited
New Zealand Australasian Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 2.55% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 85.0% | 91.23% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 10.0% | 6.21% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.
