Pathfinder KiwiSaver Balanced Fund
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 balanced funds is 5.99%.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Contact Energy is one of Aotearoa New Zealand’s largest electric utilities companies. Contact operates three thermal power stations that employ gas and diesel. In FY2023, 7% of the energy Contact generated came from thermal generation. However, Contact has announced plans for further investment in renewable generation. This includes NZD 1.2 billion in geothermal power, by constructing a new station and expanding capacity at an existing station, along with early developments in wind and solar generation. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
We consider Contact Energy to be a “good citizen” which is working hard to mitigate its contribution to climate change with its large investment in new renewable energy generation plants (geothermal and wind). Contact expects to move to 95% renewable energy by end of 2024, and 100% by 2026. It has two remaining fossil fuel generating plants which are used only when demand conditions make it necessary to preserve electrical grid supply to customers.
An ethical portfolio with a balance between growth assets and income assets. This Fund’s value is likely to fluctuate more than the Conservative Fund but less than the Growth Fund.
Pathfinder is a boutique fund manager based in Auckland. We started investing ethically in 2010, and now manage 9 funds, with our research and expertise focused on investing responsibly and ethically in global markets. We seek out companies actively making a positive difference and believe these kinds of companies also make better long-term financial investments. Investing ethically to us means making conscious choices for doing good with the money we manage. We want our investors to both do good and do well.
| Value | $116M NZD |
| Period of data report | 31st Dec. 2024 |
| Members | 2,677 |
| Fund started | 23rd July 2019 |
| Total annual fund fees | 1.16% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.1% |
| Other management and administration charges | 0.06% |
| Total other charges | 27.0 |
| Total other charges currency | NZD |
|
John Berry |
Currently: CEO (15 years, 9 months)
|
|
Wayne Ross |
Currently: CIO (0 years, 11 months)
|
|
Kent Fraser |
Currently: Chair of Investment Committee (8 years, 3 months)
|
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2024.
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 | 10.71% | 11.79% |
| 2023 | -2.79% | -1.85% |
| 2022 | 1.34% | 4.97% |
| 2021 | 17.98% | 21.62% |
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. 2024.
Cash At Bank - NZD - Westpac
New Zealand Cash and Equivalents AA-
Microsoft Corporation
United States International Equities
Kapstream Absolute Return Income Plus Fund
Australia Int Fixed Interest A-
Nvidia Corp
United States International Equities
Digital Realty Trust Inc
United States Listed Property
Asml Holding Nv
Netherlands International Equities
Infratil Ltd
New Zealand Australasian Equities
Apple Inc
United States International Equities
European Investment Bank 14/02/2033
Luxembourg Int Fixed Interest AAA
Contact Energy 10/03/2054
New Zealand NZ Fixed Interest BBB
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 9.6% | 10.01% |
| New Zealand Fixed Interest | 15.0% | 18.27% |
| International Fixed Interest | 22.5% | 17.98% |
| Australasian Equities | 13.6% | 12.36% |
| International Equities | 31.0% | 34.72% |
| Listed Properties | 3.3% | 4.36% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 5.0% | 2.3% |
| 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 Dec. 2024.
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. 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.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Contact Energy is one of Aotearoa New Zealand’s largest electric utilities companies. Contact operates three thermal power stations that employ gas and diesel. In FY2023, 7% of the energy Contact generated came from thermal generation. However, Contact has announced plans for further investment in renewable generation. This includes NZD 1.2 billion in geothermal power, by constructing a new station and expanding capacity at an existing station, along with early developments in wind and solar generation. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
We consider Contact Energy to be a “good citizen” which is working hard to mitigate its contribution to climate change with its large investment in new renewable energy generation plants (geothermal and wind). Contact expects to move to 95% renewable energy by end of 2024, and 100% by 2026. It has two remaining fossil fuel generating plants which are used only when demand conditions make it necessary to preserve electrical grid supply to customers.
An ethical portfolio with a balance between growth assets and income assets. This Fund’s value is likely to fluctuate more than the Conservative Fund but less than the Growth Fund.
Pathfinder is a boutique fund manager based in Auckland. We started investing ethically in 2010, and now manage 9 funds, with our research and expertise focused on investing responsibly and ethically in global markets. We seek out companies actively making a positive difference and believe these kinds of companies also make better long-term financial investments. Investing ethically to us means making conscious choices for doing good with the money we manage. We want our investors to both do good and do well.
| Value | $116M NZD |
| Period of data report | 31st Dec. 2024 |
| Members | 2,677 |
| Fund started | 23rd July 2019 |
| Total annual fund fees | 1.16% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.1% |
| Other management and administration charges | 0.06% |
| Total other charges | 27.0 |
| Total other charges currency | NZD |
|
John Berry |
Currently: CEO (15 years, 9 months)
|
|
Wayne Ross |
Currently: CIO (0 years, 11 months)
|
|
Kent Fraser |
Currently: Chair of Investment Committee (8 years, 3 months)
|
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2024.
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 | 10.71% | 11.79% |
| 2023 | -2.79% | -1.85% |
| 2022 | 1.34% | 4.97% |
| 2021 | 17.98% | 21.62% |
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. 2024.
Cash At Bank - NZD - Westpac
New Zealand Cash and Equivalents AA-
Microsoft Corporation
United States International Equities
Kapstream Absolute Return Income Plus Fund
Australia Int Fixed Interest A-
Nvidia Corp
United States International Equities
Digital Realty Trust Inc
United States Listed Property
Asml Holding Nv
Netherlands International Equities
Infratil Ltd
New Zealand Australasian Equities
Apple Inc
United States International Equities
European Investment Bank 14/02/2033
Luxembourg Int Fixed Interest AAA
Contact Energy 10/03/2054
New Zealand NZ Fixed Interest BBB
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 9.6% | 10.01% |
| New Zealand Fixed Interest | 15.0% | 18.27% |
| International Fixed Interest | 22.5% | 17.98% |
| Australasian Equities | 13.6% | 12.36% |
| International Equities | 31.0% | 34.72% |
| Listed Properties | 3.3% | 4.36% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 5.0% | 2.3% |
| 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 Dec. 2024.
