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 0.26%
    • Johnson & Johnson 0.23%
    • Meta Platforms Inc-Class A 0.14%
    • Nestle SA-Reg 0.10%
    • Nestle Holdings Inc 0.06%
    • Motorola Solutions Inc 0.05%
    • Wells Fargo & Co 0.05%
    • Caterpillar Inc 0.01%
    • Rio Tinto Ltd 0.01%
    • Rio Tinto PLC 0.01%
    • Wells Fargo & Company 0.01%
    • BHP Group Ltd 0.02% !!
      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
    • Nissan Chemical Corp 0.02%
    • Duke Energy Corp 0.01%
    • Fmc Corp 0.01%
    • Nutrien Ltd 0.01%
    • Estee Lauder Companies-Cl A 0.19%
    • Ecolab Inc 0.15%
    • L'Oreal 0.15%
    • Air Liquide SA 0.13%
    • Croda International PLC 0.13%
    • Colgate-Palmolive Co 0.12%
    • Koninklijke Dsm Nv 0.12%
    • Procter & Gamble Co/The 0.12%
    • Symrise AG 0.10%
    • Unilever PLC 0.09%
    • Intl Flavors & Fragrances 0.05%
    • Kimberly-Clark De Mexico 0.05%
    • Nomad Foods Ltd 0.05%
    • Solvay SA 0.05%
    • 3M Company 0.04%
    • Eastman Chemical Co 0.04%
    • Essity Ab 0.04%
    • Koninklijke Ahold Delhaize N 0.04%
    • Celanese US Holdings Llc 0.03%
    • Clorox Company 0.03%
    • Kimberly-Clark Corp 0.03%
    • LVMH Moet Hennessy Louis Vui 0.03%
    • 3M Co 0.02%
    • Nissan Chemical Corp 0.02%
    • Albemarle Corp 0.01%
    • Beiersdorf AG 0.01%
    • Burberry Group PLC 0.01%
    • Equate Petrochemical Bv 0.01%
    • Fmc Corp 0.01%
    • Givaudan Fin Europe 0.01%
    • Henkel AG & Co Kgaa Vor-Pref 0.01%
    • Kering 0.01%
    • Livent Corp 0.01%
    • Nutrien Ltd 0.01%
    • Orbia Advance Corp Sab 0.01%
    • PPG Industries Inc 0.01%
    • Reliance Industries Ltd 0.01% !!
      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
    • Unicharm Corp 0.01%
    • Yara International Asa 0.01%
    • Contact Energy Ltd 0.93% 1.5°C
      This company is on a 1.5°C pathway
    • Nextera Energy Inc 0.25%
    • Orsted A/S 0.22% 1.5°C
      This company is on a 1.5°C pathway
    • Enel Spa 0.15% 1.5°C
      This company is on a 1.5°C pathway
    • Iberdrola SA 0.15% 1.5°C
      This company is on a 1.5°C pathway
    • Snam Spa 0.11% !!
      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
    • Public Service Enterprise Gp 0.10%
    • Southern Co/The 0.10%
    • Entergy Corp 0.09%
    • Xcel Energy Inc 0.09%
    • Dominion Energy Inc 0.08%
    • Apa Infrastructure Ltd 0.07% !!
      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 Finance Intl Nv 0.07% 1.5°C
      This company is on a 1.5°C pathway
    • Kinder Morgan Inc 0.07% !!
      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
    • Valero Energy Corp 0.07%
    • Alliant Energy Corp 0.06%
    • E.On Se 0.06%
    • Emera Inc 0.06%
    • National Grid PLC 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
    • Enel Chile SA 0.05% 1.5°C
      This company is on a 1.5°C pathway
    • Marathon Petroleum Corp 0.05%
    • Vier Gas Transport Gmbh 0.05%
    • E.On Intl Finance Bv 0.04%
    • Genesis Energy Ltd 0.04%
    • Hera Spa 0.04%
    • Naturgy Finance Bv 0.04%
    • Neste Oyj 0.04%
    • Sempra Energy 0.04% !!
      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
    • Allete Inc 0.03%
    • Ck Hutchison Intl 17 Ltd 0.03%
    • Enbridge Inc 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
    • Nextera Energy Capital 0.03%
    • Pinnacle West Capital 0.03%
    • Ampol Ltd 0.02%
    • BHP Group Ltd 0.02% !!
      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
    • Cheniere Energy Inc 0.02% !!
      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
    • Ck Hutchison Intntl 21 0.02%
    • Enterprise Products Oper 0.02% !!
      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
    • Korea Midland Power Co 0.02%
    • Oneok Inc 0.02%
    • Phillips 66 0.02%
    • Santos Finance Ltd 0.02% !!
      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
    • Tc Energy Corp 0.02% !!
      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
    • Williams Cos Inc 0.02% !!
      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
    • Centrica PLC 0.01%
    • Duke Energy Corp 0.01%
    • Fairfax Financial Hldgs Ltd 0.01%
    • Hutchison Whampoa Fin UK 0.01%
    • Korea Gas Corp 0.01% !!
      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 Na Inc 0.01% !!
      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
    • Parkland Corp 0.01%
    • Pembina Pipeline Corp 0.01% !!
      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
    • Reliance Industries Ltd 0.01% !!
      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
    • Sgsp Australia Assets 0.01%
    • Targa Resources Corp 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

Invests mainly in growth assets such as shares and real assets with about 40% invested in defensive assets such as fixed interest and cash. May be suitable for investors who want a diversified investment with exposure to shares, real assets, fixed interest and cash. This fund can be expect to have a higher degree of volatility in returns than can be expected from the Sustainable Plus Moderate fund and is more suited to investors who can invest for the long term. This fund is managed with reference to environmental, social and governance (ESG) factors and is certified by the Responsible Investment Association of Australasia.

Value $570M NZD
Period of data report 30th June 2023
Members 13,432
Fund started 1st Oct. 2007
Total annual fund fees 0.78%
Total performance based fees 0.0%
Manager's basic fee 0.68%
Other management and administration charges 0.1%
Total other charges 0.0
Total other charges currency NZD

Ross Butler

Currently: Chair - Mercer (N.Z.) Ltd (0 years, 2 months)
Previously: Director Investments (Australia) Limited (current) (9 years, 10 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (14 years, 4 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

Kylie Willment

Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (5 years, 8 months)
Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

Padraig Brown

Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (1 years, 1 months)
Previously: Head of Real Estate Investment Management, Mercer Australia (Pty) Ltd (11 years, 2 months)

Robert Kavanagh

Currently: Head of Portfolio Management NZ - Mercer (N.Z.) Ltd (9 years, 3 months)
Previously: Vice President - Account Management PIMCO Australia Pty Limited (7 years, 0 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 -2.79% -2.71%
2022 0.71% 2.54%
2021 17.98% 18.31%
2020 -1.40% -2.84%
2019 5.81% 5.04%
2018 5.28% 6.51%
2017 5.86% 7.3%
2016 4.01% 3.52%
2015 11.09% 11.34%
2014 7.28% 8.03%

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

  • First Sentier Global Listed Infrastructure Fund
    New Zealand Other
    1.77%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    1.53%
  • Microsoft Corporation
    United States International Equities
    1.46%
  • New Zealand Government Bond 3.0% 20/04/2029
    New Zealand Australasian Equities AAA
    1.46%
  • Infratil Limited
    New Zealand Australasian Equities
    1.3%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    1.28%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    1.13%
  • Fx Positions
    New Zealand Int Fixed Interest
    1.02%
  • New Zealand Government Bond 1.75% 15/05/2041
    New Zealand NZ Fixed Interest AAA
    0.98%
  • Contact Energy Limited
    New Zealand Australasian Equities
    0.96%
Type Target Actual
Cash and Cash Equivalents 4.0% 4.54%
New Zealand Fixed Interest 10.0% 9.93%
International Fixed Interest 26.0% 26.03%
Australasian Equities 12.5% 13.33%
International Equities 35.5% 34.37%
Listed Properties 3.0% 2.79%
Unlisted Properties 3.0% 3.03%
Other 6.0% 5.98%
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.