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

    • Nestle SA-Reg 0.74%
    • Rio Tinto Ltd 0.52%
    • Meta Platforms Inc-Class A 0.46%
    • Uber Technologies Inc 0.46%
    • Thermo Fisher Scientific Inc 0.27%
    • Rio Tinto PLC 0.10%
    • Johnson & Johnson 0.09%
    • Ubs Group AG 0.06%
    • Wells Fargo & Company 0.03%
    • BHP Group Ltd 1.77% !!
      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
    • Wh Group Ltd 0.11%
    • Shell PLC 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
    • Chevron Corp 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
    • Duke Energy Corp 0.03%
    • Procter & Gamble Co/The 0.56%
    • Shin-Etsu Chemical Co Ltd 0.34%
    • LVMH Moet Hennessy Louis Vui 0.27%
    • Unilever PLC 0.14%
    • Henkel AG & Co Kgaa 0.10%
    • Koninklijke Ahold Delhaize N 0.10%
    • Shell PLC 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
    • Chevron Corp 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
    • Colgate-Palmolive Co 0.05%
    • Exxon Mobil Corp 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
    • Tosoh Corp 0.04%
    • Henkel AG & Co Kgaa Vor-Pref 0.02%
    • Kering 0.02%
    • Walmart Inc 0.12%
    • BHP Group Ltd 1.77% !!
      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
    • Contact Energy Ltd 1.30% 1.5°C
      This company is on a 1.5°C pathway
    • Santos Ltd 0.54% !!
      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
    • Rio Tinto Ltd 0.52%
    • Channel Infrastructure NZ Lt 0.42%
    • Woodside Energy Group Ltd 0.37% !!
      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
    • Viva Energy Group Ltd 0.33% !!
      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 0.31%
    • South32 Ltd 0.31%
    • Origin Energy Ltd 0.23% !!
      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
    • National Grid PLC 0.17% !!
      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
    • Apa Group 0.15% !!
      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
    • Ampol Ltd 0.14%
    • Samsung C&T Corp 0.13%
    • Ck Hutchison Holdings Ltd 0.12%
    • Total SA 0.12%
    • Endesa SA 0.11% 1.5°C
      This company is on a 1.5°C pathway
    • Channel Infrastruct NZ 0.10%
    • Karoon Energy Ltd 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
    • Rio Tinto PLC 0.10%
    • Consolidated Edison Inc 0.09%
    • Shell PLC 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
    • Z Energy Ltd 0.09%
    • Agl Energy Ltd 0.08%
    • Centrica PLC 0.06%
    • Beach Energy Ltd 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
    • Chevron Corp 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
    • Enel Spa 0.05% 1.5°C
      This company is on a 1.5°C pathway
    • Engie 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
    • Exxon Mobil Corp 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
    • Lg Corp 0.05%
    • Osaka Gas Co Ltd 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
    • Air Water Inc 0.04%
    • Kansai Electric Power Co Inc 0.04%
    • Duke Energy Corp 0.03%
    • Lg Corp-Pref 0.03%
    • Southern Co/The 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 2024 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

We aim to achieve positive long-term returns by choosing a lesser exposure to cash and fixed interest investments and a greater exposure to equity and property investments. Investors can expect high levels of movement up and down in value and longer-term returns that are higher than those of the Summer Balanced Selection (but with more risk).

Value $92.6M NZD
Period of data report 30th June 2024
Members 1,663
Fund started 8th April 2019
Total annual fund fees 0.9%
Total performance based fees 0.0%
Manager's basic fee 0.87%
Other management and administration charges 0.03%
Total other charges 36.0
Total other charges currency NZD

Paul Robertshawe

Currently: Chief Investment Officer, Octagon Asset Management Limited (2 years, 7 months)
Previously: Portfolio Manager, Forsyth Barr Limited (0 years, 8 months)

Craig Alexander

Currently: Head of Fixed Interest and ESG, Octagon Asset Management Limited (2 years, 7 months)
Previously: Co-Head of Funds Management, Forsyth Barr Limited (8 years, 5 months)

Jason Lindsay

Currently: Head of Equities, Octagon Asset Management Limited (2 years, 7 months)
Previously: Co-Head of Funds Management, Forsyth Barr Limited (2 years, 2 months)

Neil Paviour-Smith

Currently: Director, Forsyth Barr Investment Management Limited (16 years, 4 months)
Previously: Managing Director at Forsyth Barr Limited (current) (23 years, 6 months)

Christine Smith-Han

Currently: Equity and Strategy Analyst, Octagon Asset Management Limited (2 years, 7 months)
Previously: Portfolio Analyst, Forsyth Barr Limited (4 years, 10 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th June 2024.

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
2024 14.32% 12.71%
2023 -3.87% -2.62%
2022 1.40% 1.35%
2021 28.16% 23.37%

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 2024.

Top 10 Investments

  • Intermede Global Equity Fund
    Ireland International Equities
    12.84%
  • Hunter Global Fixed Interest Fund
    New Zealand Int Fixed Interest
    8.07%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    1.86%
  • BHP Group Limited
    Australia Australasian Equities
    1.48%
  • ANZ Transactional Bank Account
    New Zealand Cash and Equivalents AA-
    1.45%
  • Infratil Limited
    New Zealand Australasian Equities
    1.39%
  • CSL Limited
    Australia Australasian Equities
    1.26%
  • Contact Energy Limited
    New Zealand Australasian Equities
    1.26%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    1.15%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    1.12%
Type Target Actual
Cash and Cash Equivalents 4.0% 3.71%
New Zealand Fixed Interest 10.0% 13.62%
International Fixed Interest 6.0% 8.07%
Australasian Equities 38.0% 31.59%
International Equities 35.0% 37.05%
Listed Properties 7.0% 5.95%
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 30th June 2024.