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:

  • Adult Entertainment/Pornography
  • Alcohol
  • Animal Cruelty
  • Fossil Fuels
  • Gambling
  • GMOs
  • Human Rights & Environmental Violations
  • Palm Oil
  • Tobacco
  • Weapons

Companies of concern

    • Contact Energy Ltd 1.53%
    • Shell PLC 1.03%
    • Santos Ltd 0.64%
    • Cheniere Energy Inc 0.31%
    • Eog Resources Inc 0.23%
    • Viva Energy Group Ltd 0.13%
    • BHP Group Ltd 0.11%
    • Ampol Ltd 0.10%
    • Rwe AG 0.10%
    • South32 Ltd 0.05%
    • Occidental Petroleum Corp 0.04%
    • Transdigm Group Inc 0.05%
    • Aristocrat Leisure Ltd 0.03%
    • Pernod Ricard SA 0.32%
    • Delegat Group Ltd 0.09%
    • Foley Wines Ltd 0.01%
    • Shell PLC 1.03%
    • Meta Platforms Inc 0.23%
    • Thermo Fisher Scientific Inc 0.21%
    • BHP Group Ltd 0.11%
    • Shell PLC 1.03%
    • Graincorp Ltd 0.08%
    • LVMH Moet Hennessy Louis Vui 0.05%
    • Estee Lauder Cos Inc/The 0.04%
    • L'Oreal SA 0.03%
    • L'Oreal SA - Pf 0.02%

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. 2022 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

The Fund’s objective is to provide moderate returns and capital growth, after the base fund fee but before tax and before the performance fee, over the minimum recommended investment timeframe of four years.
It is a diversified fund that primarily invests in fixed interest securities with a significant allocation to equities.

Value $110M NZD
Period of data report 31st Dec. 2022
Members 3,164
Fund started 27th March 2020
Total annual fund fees 1.0%
Total performance based fees 0.05%
Manager's basic fee 0.92%
Other management and administration charges 0.03%
Total other charges 4.5
Total other charges currency NZD

Mark Riggall

Currently: Portfolio Manager, Senior Dealer (8 years, 0 months)
Previously: Executive Director of Equity Derivatives Trading at Morgan Stanley, United Kingdom and Hong Kong (11 years, 0 months)

Paul Morris

Currently: Portfolio Manager (6 years, 11 months)
Previously: Head of Portfolio Strategy and Fixed Income at Macquarie Private Wealth, New Zealand (4 years, 6 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.

Investment Exclusions

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

Issue of concern Does this fund say it excludes this? Actual holdings
Adult Entertainment /Pornography 0.00%
Alcohol 0.42%
Animal Cruelty 1.25%
Fossil Fuels 4.36%
Gambling 0.03%
GMOs 0.00%
Human Rights & Environmental Violations 1.60%
Palm Oil 0.00%
Tobacco 0.00%
Weapons 0.05%

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. 2022 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.

Note that many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

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
2022 -0.92% 1.94%
2021 8.73% 14.77%

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. 2022.

Top 10 Investments

  • NZD Cash Current Account (Nab Bank)
    New Zealand Cash and Equivalents AA-
    7.17%
  • USD Cash Current Account (Citibank)
    United States Cash and Equivalents A+
    1.53%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    1.41%
  • NZ Government Inflation Indexed 2.00% 20/09/2025
    New Zealand NZ Fixed Interest AAA
    1.24%
  • Elevance Health Inc
    United States International Equities
    0.88%
  • Hca Holdings Inc
    United States International Equities
    0.88%
  • NZD Cash Call Account (Bank Of China)
    New Zealand Cash and Equivalents A
    0.87%
  • Origin Energy Ltd
    Australia Australasian Equities
    0.87%
  • Shell PLC
    Netherlands International Equities
    0.86%
  • Nzdusd Currency Forward 18/01/2023 (BNZ)
    New Zealand Other AA-
    0.79%
Type Target Actual
Cash and Cash Equivalents 9.0% 24.62%
New Zealand Fixed Interest 15.0% 13.86%
International Fixed Interest 36.0% 35.05%
Australasian Equities 15.0% 9.05%
International Equities 19.0% 12.1%
Listed Properties 6.0% 3.53%
Unlisted Properties 0.0% 0.0%
Other 0.0% 1.79%
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 31st Dec. 2022.