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 growth funds is 8.07%.
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.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Public Service Enterprise Group is based in the USA and supplies electricity and natural gas to customers, primarily in New Jersey. Evidence shows that electricity generated from oil and gas accounts from 15% of the company’s total revenue. However, the company is in the process of divesting from their fossil fuel assets and in 2021 they shut down their last coal-fired plant. The company now plans to focus on nuclear power and natural gas and has set a target of net-zero emissions by 2030. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Operates electric and natural gas transmission systems in the UK and US. It also operates facilities for storing LNG. including the Grain LNG terminal in the UK which is the largest LNG facility in Europe and 8th globally.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Verbund is an Austrian electricity and natural gas company that generates 96% of its electricity from renewable sources. The company generates electricity through hydro-electric, solar, nuclear, natural gas and wind power generators, and also operates a coal power plant. The company ceased coal generation in 2020, however the Austrian government required the company to reopen the plant due to Austria facing energy shortages. Verbund also intends to improve the sustainability of its natural gas supply by converting to green hydrogen, which it plans to power from its sizeable hydroelectric capacity. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
The objective of the Inflation Strategy is to mitigate the impact of inflation on your investment over the medium and/or long term. The fund is anticipated to mainly own and trade New Zealand, Australian and international bonds and shares over the minimum suggested timeframe.
| Value | $168M NZD |
| Period of data report | 31st Dec. 2024 |
| Members | 20,602 |
| Fund started | 1st Nov. 2010 |
| Total annual fund fees | 1.43% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.05% |
| Other management and administration charges | 0.38% |
| Total other charges | 29.76 |
| Total other charges currency | NZD |
|
John Cobb |
Currently: Chair of the Investment Governance Committee and a Director (2 years, 1 months)
|
|
Michael Lang |
Currently: Chief Executive and a Director (6 years, 3 months)
|
|
Mark Brooks |
Currently: Chief Investment Officer and a Principal (0 years, 10 months)
|
|
Paul Van Wetering |
Currently: Head of Investment Operations and Responsible Investing (5 years, 0 months)
|
|
Casey Keiper |
Currently: Portfolio Manager and Head of Research (0 years, 6 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 | 14.32% | 2.08% |
| 2023 | -3.87% | -9.34% |
| 2022 | 1.40% | -11.17% |
| 2021 | 28.16% | 46.13% |
| 2020 | -3.43% | -2.95% |
| 2019 | 6.75% | 4.92% |
| 2018 | 7.80% | 2.99% |
| 2017 | 9.24% | 4.79% |
| 2016 | 3.62% | -1.33% |
| 2015 | 13.73% | 12.41% |
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.
Westpac Cash
New Zealand Cash and Equivalents A-1+
Westpac Bank Bill 4.665% 13/02/2025
New Zealand Cash and Equivalents A-1+
Contact Energy Ltd
New Zealand Australasian Equities
Telstra Corp Ltd
Australia Australasian Equities
Chorus Ltd
New Zealand Australasian Equities
Meridian Energy Ltd
New Zealand Australasian Equities
Mercury NZ Ltd
New Zealand Australasian Equities
Ryman Healthcare Ltd
New Zealand Australasian Equities
Summerset Group Holdings Ltd
New Zealand Australasian Equities
Goodman Property Trust
New Zealand Listed Property
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 9.53% |
| New Zealand Fixed Interest | 12.0% | 0.0% |
| International Fixed Interest | 13.0% | 0.0% |
| Australasian Equities | 23.0% | 30.77% |
| International Equities | 23.0% | 29.56% |
| Listed Properties | 24.0% | 30.14% |
| 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 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.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Public Service Enterprise Group is based in the USA and supplies electricity and natural gas to customers, primarily in New Jersey. Evidence shows that electricity generated from oil and gas accounts from 15% of the company’s total revenue. However, the company is in the process of divesting from their fossil fuel assets and in 2021 they shut down their last coal-fired plant. The company now plans to focus on nuclear power and natural gas and has set a target of net-zero emissions by 2030. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Operates electric and natural gas transmission systems in the UK and US. It also operates facilities for storing LNG. including the Grain LNG terminal in the UK which is the largest LNG facility in Europe and 8th globally.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Verbund is an Austrian electricity and natural gas company that generates 96% of its electricity from renewable sources. The company generates electricity through hydro-electric, solar, nuclear, natural gas and wind power generators, and also operates a coal power plant. The company ceased coal generation in 2020, however the Austrian government required the company to reopen the plant due to Austria facing energy shortages. Verbund also intends to improve the sustainability of its natural gas supply by converting to green hydrogen, which it plans to power from its sizeable hydroelectric capacity. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
The objective of the Inflation Strategy is to mitigate the impact of inflation on your investment over the medium and/or long term. The fund is anticipated to mainly own and trade New Zealand, Australian and international bonds and shares over the minimum suggested timeframe.
| Value | $168M NZD |
| Period of data report | 31st Dec. 2024 |
| Members | 20,602 |
| Fund started | 1st Nov. 2010 |
| Total annual fund fees | 1.43% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.05% |
| Other management and administration charges | 0.38% |
| Total other charges | 29.76 |
| Total other charges currency | NZD |
|
John Cobb |
Currently: Chair of the Investment Governance Committee and a Director (2 years, 1 months)
|
|
Michael Lang |
Currently: Chief Executive and a Director (6 years, 3 months)
|
|
Mark Brooks |
Currently: Chief Investment Officer and a Principal (0 years, 10 months)
|
|
Paul Van Wetering |
Currently: Head of Investment Operations and Responsible Investing (5 years, 0 months)
|
|
Casey Keiper |
Currently: Portfolio Manager and Head of Research (0 years, 6 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 | 14.32% | 2.08% |
| 2023 | -3.87% | -9.34% |
| 2022 | 1.40% | -11.17% |
| 2021 | 28.16% | 46.13% |
| 2020 | -3.43% | -2.95% |
| 2019 | 6.75% | 4.92% |
| 2018 | 7.80% | 2.99% |
| 2017 | 9.24% | 4.79% |
| 2016 | 3.62% | -1.33% |
| 2015 | 13.73% | 12.41% |
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.
Westpac Cash
New Zealand Cash and Equivalents A-1+
Westpac Bank Bill 4.665% 13/02/2025
New Zealand Cash and Equivalents A-1+
Contact Energy Ltd
New Zealand Australasian Equities
Telstra Corp Ltd
Australia Australasian Equities
Chorus Ltd
New Zealand Australasian Equities
Meridian Energy Ltd
New Zealand Australasian Equities
Mercury NZ Ltd
New Zealand Australasian Equities
Ryman Healthcare Ltd
New Zealand Australasian Equities
Summerset Group Holdings Ltd
New Zealand Australasian Equities
Goodman Property Trust
New Zealand Listed Property
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 9.53% |
| New Zealand Fixed Interest | 12.0% | 0.0% |
| International Fixed Interest | 13.0% | 0.0% |
| Australasian Equities | 23.0% | 30.77% |
| International Equities | 23.0% | 29.56% |
| Listed Properties | 24.0% | 30.14% |
| 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 Dec. 2024.
