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 1.04%
    • Exxon Mobil Corp 0.52%
    • Totalenergies Se 0.43%
    • Shell PLC 0.28%
    • Genesis Energy Ltd 0.25%
    • BP PLC 0.24%
    • Enbridge Inc 0.23%
    • Occidental Petroleum Corp 0.22%
    • Glencore PLC 0.20%
    • Eni Spa 0.18%
    • Devon Energy Corp 0.15%
    • Chevron Corp 0.14%
    • Vale SA 0.11%
    • Nextera Energy Inc 0.08%
    • Anglo American PLC 0.07%
    • Conocophillips 0.07%
    • Mitsui & Co Ltd 0.07%
    • BHP Group Ltd 0.06%
    • Marathon Petroleum Corp 0.05%
    • Arcelormittal 0.04%
    • Duke Energy Corp 0.04%
    • Energy Transfer Partners Lp 150325 4.05 Cb 0.04%
    • Southern Co/The 0.04%
    • Canadian Natural Resources Ltd 0.03%
    • Dominion Energy Inc 0.03%
    • Eog Resources Inc 0.03%
    • Iberdrola SA 0.03%
    • Pioneer Natural Resources Co 0.03%
    • Santos Ltd 0.03%
    • American Electric Power Co Inc 0.02%
    • Arcelormittal-Ny Registered 0.02%
    • Canadian Natural Resources Ltd - US 0.02%
    • Cheniere Energy Inc 0.02%
    • Consolidated Edison Inc 0.02%
    • Constellation Energy Corp 0.02%
    • Enel Spa 0.02%
    • Eneos Holdings Inc 0.02%
    • Equinor Asa 0.02%
    • Hess Corp 0.02%
    • Jardine Matheson Holdings Ltd 0.02%
    • Kinder Morgan Inc 0.02%
    • Mitsubishi Corp 0.02%
    • National Grid PLC 0.02%
    • Nippon Steel Corp 0.02%
    • Phillips 66 0.02%
    • Public Service Enterprise Group Inc 0.02%
    • Sempra Energy 0.02%
    • Sumitomo Chemical Co Ltd 0.02%
    • Suncor Energy Inc 0.02%
    • Tc Energy Corp 0.02%
    • Valero Energy Corp 0.02%
    • Var Energi Asa 0.02%
    • Wec Energy Group Inc 0.02%
    • Williams Cos Inc/The 0.02%
    • Woodside Energy Group Ltd 0.02%
    • Xcel Energy Inc 0.02%
    • Ameren Corp 0.01%
    • Canadian Natural Resources Ltd - Cad 0.01%
    • Cenovus Energy Inc 0.01%
    • Coterra Energy Inc 0.01%
    • Diamondback Energy Inc 0.01%
    • Dte Energy Co 0.01%
    • Engie SA 0.01%
    • Entergy Corp 0.01%
    • Franco-Nevada Corp 0.01%
    • Itochu Corp 0.01%
    • Lyondellbasell Industries Nv 0.01%
    • Neste Oyj 0.01%
    • Oneok Inc 0.01%
    • Pg&E Corp 0.01%
    • Ppl Corp 0.01%
    • Rwe AG 0.01%
    • Walmart Inc 0.10%
    • Amphenol Corp 0.02%
    • Howmet Aerospace 0.02%
    • Transdigm Group Inc 0.02%
    • Alimentation Couche-Tard Inc 0.02%
    • Skycity Entertainment Group Ltd 0.36%
    • Vici Properties Inc 0.01%
    • Heineken Nv 0.10%
    • Diageo PLC 0.08%
    • Anheuser-Busch Inbev SA/Nv 0.07%
    • Constellation Brands Inc 0.07%
    • Treasury Wine Estates Ltd 0.03%
    • Pernod Ricard SA 0.02%
    • Brown-Forman Corp 0.01%
    • Corteva Inc 0.02%
    • Shell PLC 0.28%
    • Johnson & Johnson 0.21%
    • Glencore PLC 0.20%
    • Rio Tinto PLC 0.18%
    • Meta Platforms Inc 0.16%
    • Nestle SA 0.15%
    • Chevron Corp 0.14%
    • Petroleo Brasileiro-Spon Adr 0.11%
    • Vale SA 0.11%
    • Credit Suisse AG 080823 6.50 Cb 0.10%
    • Credit Suisse Group AG 120833 6.537 Cb 0.10%
    • Thermo Fisher Scientific Inc 0.10%
    • Wells Fargo & Co 0.07%
    • BHP Group Ltd 0.06%
    • Credit Suisse Mortgage Tr Series 20 Fact Cls A 151037 Abs 0.06%
    • Wells Fargo and Co 240328 3.526 Cb 0.06%
    • Credit Suisse Group AG 020432 2.875 Cb 0.05%
    • Energy Transfer Partners Lp 150325 4.05 Cb 0.05%
    • Mizrahi Tefahot Bank Ltd 0.05%
    • Caterpillar Inc 0.04%
    • Duke Energy Corp 0.04%
    • Activision Blizzard Inc 0.03%
    • Credit Suisse AG 070933 7.375 Cb 0.03%
    • Credit Suisse AG London 050126 0.25 Cb 0.03%
    • Archer-Daniels-Midland Co 0.02%
    • Basf Se 0.02%
    • Bayer AG 0.02%
    • Bayer US Finance Ii Llc 151225 4.25 Cb 0.02%
    • Bayer US Finance Ii Llc 151228 4.375 Cb 0.02%
    • Corteva Inc 0.02%
    • Credit Suisse Group AG 120624 4.207 Cb 0.02%
    • Credit Suisse Group AG 240627 1.00 Cb 0.02%
    • Freeport-Mcmoran Inc 0.02%
    • Motorola Solutions Inc 0.02%
    • Nutrien Ltd 0.02%
    • Uber Technologies Inc 0.02%
    • Barrick Gold Corp-Tse 0.01%
    • Pg&E Corp 0.01%
    • Rio Tinto Ltd 0.01%
    • Exxon Mobil Corp 0.52%
    • Shell PLC 0.28%
    • Procter & Gamble Co/The 0.27%
    • Eni Spa 0.18%
    • Nestle SA 0.15%
    • Chevron Corp 0.14%
    • Tyson Foods Inc 0.12%
    • Coca-Cola Co/The 0.11%
    • Pepsico Inc 0.11%
    • LVMH Moet Hennessy Louis Vuitton Se 0.08%
    • Constellation Brands Inc 0.07%
    • Henkel AG & Co Kgaa 0.07%
    • Yara International Asa 0.07%
    • Kering SA 0.06%
    • Unilever PLC - EUR 0.05%
    • L'Oreal SA 0.04%
    • Mondelez International Inc 0.04%
    • Otsuka Holdings Co Ltd 0.04%
    • Seiko Epson Corp 0.04%
    • 3M Co 0.03%
    • Air Liquide SA 0.03%
    • Colgate-Palmolive Co 0.03%
    • Estee Lauder Cos Inc/The 0.03%
    • Sherwin-Williams Co/The 0.03%
    • Swpc0Gvu2 Ccp Sell Cds EUR 200625 Tesco PLC 1% Ms 0.03%
    • Albemarle Corp 0.02%
    • Archer-Daniels-Midland Co 0.02%
    • Basf Se 0.02%
    • Bayer AG 0.02%
    • Corteva Inc 0.02%
    • Daikin Industries Ltd 0.02%
    • Dow Inc 0.02%
    • Dupont De Nemours Inc 0.02%
    • Ecolab Inc 0.02%
    • General Mills Inc 0.02%
    • Givaudan SA 0.02%
    • Hermes International 0.02%
    • Keurig Dr Pepper Inc 0.02%
    • Kimberly-Clark Corp 0.02%
    • Koninklijke Ahold Delhaize Nv 0.02%
    • Mitsubishi Corp 0.02%
    • Nutrien Ltd 0.02%
    • Sumitomo Chemical Co Ltd 0.02%
    • Tesco Property Finance PLC 130440 5.744 Sf 0.02%
    • Yara International-Adr 0.02%
    • Bayer US Finance Ii Llc 151225 4.25 Cb 0.01%
    • Bayer US Finance Ii Llc 151228 4.375 Cb 0.01%
    • Canon Inc 0.01%
    • Church & Dwight Co Inc 0.01%
    • Danone SA 0.01%
    • Denso Corp 0.01%
    • International Flavors & Fragrances Inc 0.01%
    • Kao Corp 0.01%
    • Koninklijke Dsm Nv 0.01%
    • Kraft Heinz Co/The 0.01%
    • Lyondellbasell Industries Nv 0.01%
    • PPG Industries Inc 0.01%
    • Tesco PLC 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 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 provides exposure to a diversified fund that invests in a balance of income and growth assets.

Value $4.5M NZD
Period of data report 31st Dec. 2022
Members 238
Fund started 14th Sept. 2020
Total annual fund fees 0.37%
Total performance based fees 0.0%
Manager's basic fee 0.37%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Mike Heath

Currently: Investment Committee Member (2 years, 9 months)
Previously: General Manager, InvestNow (4 years, 9 months)

Anthony Edmonds

Currently: Investment Committee Member (2 years, 9 months)
Previously: Managing Director, Implemented Investment Solutions (12 years, 1 months)

Anthony Sowerby

Currently: Investment Committee Member (2 years, 9 months)
Previously: Senior Product Manager, Implemented Investment Solutions (1 years, 3 months)

Jason Choy

Currently: Investment Committee Member (0 years, 5 months)
Previously: Chief Investment and Product Officer, InvestNow (0 years, 7 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 0.01%
Alcohol 0.41%
Animal Cruelty 3.54%
Fossil Fuels 5.82%
Gambling 0.43%
GMOs 0.02%
Human Rights & Environmental Violations 2.77%
Palm Oil 0.00%
Tobacco 0.02%
Weapons 0.21%

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 0.35% 2.56%

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

  • Hunter Global Fixed Interest Fund
    New Zealand Int Fixed Interest
    26.12%
  • Macquarie Msci Global Index Shares Fund
    New Zealand International Equities
    24.87%
  • Macquarie NZ Shares Index Fund
    New Zealand Australasian Equities
    20.55%
  • Macquarie Msci Hedged Global Index Shares
    New Zealand International Equities
    14.52%
  • Macquarie NZ Fixed Interest Fund
    New Zealand NZ Fixed Interest
    12.08%
  • Macquarie NZ Cash Fund
    New Zealand Cash and Equivalents
    1.19%
  • Cash At Bank (BNZ)
    New Zealand Cash and Equivalents AA-
    0.67%
Type Target Actual
Cash and Cash Equivalents 2.0% 9.59%
New Zealand Fixed Interest 12.0% 10.81%
International Fixed Interest 26.0% 20.88%
Australasian Equities 20.0% 21.17%
International Equities 40.0% 37.56%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
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.