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 0.44%
    • Johnson & Johnson 0.37%
    • Meta Platforms Inc-Class A 0.23%
    • Nestle SA-Reg 0.17%
    • Motorola Solutions Inc 0.08%
    • Wells Fargo & Co 0.08%
    • Caterpillar Inc 0.02%
    • Rio Tinto Ltd 0.02%
    • Rio Tinto PLC 0.02%
    • Activision Blizzard Inc 0.01%
    • Glencore PLC 0.01%
    • Uber Technologies Inc 0.01%
    • Nissan Chemical Corp 0.04%
    • BHP Group Ltd 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
    • Fmc Corp 0.03%
    • Duke Energy Corp 0.02%
    • Nutrien Ltd 0.02%
    • Archer-Daniels-Midland Co 0.01%
    • Bayer AG-Reg 0.01%
    • Freeport-Mcmoran Inc 0.01%
    • Glencore PLC 0.01%
    • Estee Lauder Companies-Cl A 0.33%
    • L'Oreal 0.25%
    • Ecolab Inc 0.24%
    • Croda International PLC 0.23%
    • Air Liquide SA 0.22%
    • Koninklijke Dsm Nv 0.21%
    • Procter & Gamble Co/The 0.19%
    • Symrise AG 0.18%
    • Unilever PLC 0.16%
    • Colgate-Palmolive Co 0.15%
    • Intl Flavors & Fragrances 0.09%
    • Nomad Foods Ltd 0.09%
    • Koninklijke Ahold Delhaize N 0.06%
    • Kimberly-Clark Corp 0.05%
    • LVMH Moet Hennessy Louis Vui 0.05%
    • 3M Co 0.04%
    • Nissan Chemical Corp 0.04%
    • Fmc Corp 0.03%
    • Albemarle Corp 0.02%
    • Beiersdorf AG 0.02%
    • Burberry Group PLC 0.02%
    • Henkel AG & Co Kgaa Vor-Pref 0.02%
    • Livent Corp 0.02%
    • Nutrien Ltd 0.02%
    • Solvay SA 0.02%
    • Unicharm Corp 0.02%
    • Yara International Asa 0.02%
    • Bayer AG-Reg 0.01%
    • Henkel AG & Co Kgaa 0.01%
    • Hermes International 0.01%
    • Kering 0.01%
    • Mowi Asa 0.01%
    • Sherwin-Williams Co/The 0.01%
    • Umicore 0.01%
    • Contact Energy Ltd 1.48% 1.5°C
      This company is on a 1.5°C pathway
    • Orsted A/S 0.36% 1.5°C
      This company is on a 1.5°C pathway
    • Nextera Energy Inc 0.35%
    • Iberdrola SA 0.25% 1.5°C
      This company is on a 1.5°C pathway
    • Enel Spa 0.18% 1.5°C
      This company is on a 1.5°C pathway
    • Southern Co/The 0.12%
    • Valero Energy Corp 0.12%
    • Public Service Enterprise Gp 0.11%
    • Entergy Corp 0.10%
    • Dominion Energy Inc 0.09%
    • Xcel Energy Inc 0.09%
    • Emera Inc 0.08%
    • Marathon Petroleum Corp 0.08%
    • Neste Oyj 0.08%
    • Alliant Energy Corp 0.07%
    • E.On Se 0.07%
    • National Grid PLC 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
    • Snam Spa 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
    • Genesis Energy Ltd 0.06%
    • Enbridge Inc 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
    • Hera Spa 0.05%
    • Sempra Energy 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
    • Allete Inc 0.04%
    • Kinder Morgan Inc 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
    • Williams Cos Inc 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
    • BHP Group Ltd 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
    • Cheniere Energy 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
    • Phillips 66 0.03%
    • Pinnacle West Capital 0.03%
    • Tc Energy Corp 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
    • Centrica PLC 0.02%
    • Duke Energy Corp 0.02%
    • Fairfax Financial Hldgs Ltd 0.02%
    • Oneok Inc 0.02%
    • Parkland Corp 0.02%
    • Pembina Pipeline 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
    • Targa Resources Corp 0.02%
    • Ampol Ltd 0.01%
    • Glencore PLC 0.01%
    • Keyera 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
    • Nippon Yusen Kk 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 almost entirely in growth assets such as shares and real assets, with only a small amount invested in defensive assets such as fixed interest and cash. May be suitable for investors wanting to invest predominantly in growth assets, who want higher long-term returns and are comfortable with high volatility in returns. This fund is managed with reference to environmental, social and governance (ESG) factors and is certified by the Responsible Investment Association of Australasia.

Value $320M NZD
Period of data report 30th June 2023
Members 8,782
Fund started 1st Oct. 2007
Total annual fund fees 0.92%
Total performance based fees 0.0%
Manager's basic fee 0.82%
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 -4.84% -3.46%
2022 3.55% 4.83%
2021 33.87% 30.77%
2020 -6.10% -6.22%
2019 10.35% 6.36%
2018 6.95% 9.55%
2017 10.40% 11.11%
2016 4.51% 3.91%
2015 15.30% 14.06%
2014 10.31% 11.58%

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

  • Microsoft Corporation
    United States International Equities
    2.48%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    2.45%
  • Infratil Limited
    New Zealand Australasian Equities
    2.07%
  • First Sentier Global Listed Infrastructure Fund
    New Zealand Other
    2.06%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    2.04%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    1.81%
  • Contact Energy Limited
    New Zealand Australasian Equities
    1.53%
  • Apple Inc
    United States International Equities
    1.43%
  • Nippon Telegraph and Telephone Corporation
    Japan International Equities
    1.16%
  • Westpac Business Interest Account
    New Zealand Cash and Equivalents AA-
    1.14%
Type Target Actual
Cash and Cash Equivalents 1.0% 2.97%
New Zealand Fixed Interest 1.0% 1.05%
International Fixed Interest 3.0% 2.83%
Australasian Equities 20.0% 21.3%
International Equities 61.0% 58.3%
Listed Properties 3.5% 3.26%
Unlisted Properties 3.5% 3.45%
Other 7.0% 6.84%
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.