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

    • Meta Platforms Inc-Class A 0.38%
    • Johnson & Johnson 0.22%
    • Nestle SA-Reg 0.18%
    • Thermo Fisher Scientific Inc 0.11%
    • Wells Fargo & Co 0.09%
    • Caterpillar Inc 0.08%
    • Uber Technologies Inc 0.05%
    • Rio Tinto PLC 0.04%
    • Wells Fargo & Company 0.04%
    • Glencore PLC 0.03%
    • Motorola Solutions Inc 0.03%
    • Credit Suisse AG London 0.02%
    • Credit Suisse Group AG 0.02%
    • Rio Tinto Ltd 0.01%
    • Thermo Fisher Scientific 0.01%
    • Chevron Corp 0.18% !!
      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
    • Shell PLC 0.13% !!
      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 0.08% !!
      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
    • Duke Energy Corp 0.04%
    • 3M Co 0.03%
    • Bayer AG-Reg 0.03%
    • Freeport-Mcmoran Inc 0.03%
    • Glencore PLC 0.03%
    • Archer-Daniels-Midland Co 0.02%
    • Basf Se 0.02%
    • Corteva Inc 0.02%
    • Energy Transfer Lp 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
    • Nutrien Ltd 0.02%
    • P G & E Corp 0.02%
    • Barrick Gold Corp 0.01%
    • Exxon Mobil Corp 0.27% !!
      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
    • Procter & Gamble Co/The 0.20%
    • Chevron Corp 0.18% !!
      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
    • Shell PLC 0.13% !!
      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
    • LVMH Moet Hennessy Louis Vui 0.12%
    • Unilever PLC 0.07%
    • L'Oreal 0.06%
    • Air Liquide SA 0.05%
    • Reliance Industries Ltd 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
    • Dupont De Nemours Inc 0.04%
    • Sherwin-Williams Co/The 0.04%
    • 3M Co 0.03%
    • Bayer AG-Reg 0.03%
    • Colgate-Palmolive Co 0.03%
    • Ecolab Inc 0.03%
    • Hermes International 0.03%
    • Shin-Etsu Chemical Co Ltd 0.03%
    • Basf Se 0.02%
    • Corteva Inc 0.02%
    • Dow Inc 0.02%
    • Eni Spa 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
    • Estee Lauder Companies-Cl A 0.02%
    • Givaudan-Reg 0.02%
    • Kering 0.02%
    • Kimberly-Clark Corp 0.02%
    • Koninklijke Ahold Delhaize N 0.02%
    • Nutrien Ltd 0.02%
    • PPG Industries Inc 0.02%
    • Unilever Finance 0.02%
    • Albemarle Corp 0.01%
    • Cabot Oil & Gas Corp 0.01%
    • Church & Dwight Co Inc 0.01%
    • Kao Corp 0.01%
    • Koninklijke Dsm Nv 0.01%
    • Rentokil Initial PLC 0.01%
    • Amphenol Corp-Cl A 0.03%
    • Transdigm Group Inc 0.03%
    • Daikin Industries Ltd 0.02%
    • Howmet Aerospace Inc 0.01%
    • Teledyne Technologies Inc 0.01%
    • Contact Energy Ltd 1.42% 1.5°C
      This company is on a 1.5°C pathway
    • Genesis Energy Ltd 0.30%
    • Exxon Mobil Corp 0.27% !!
      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
    • Chevron Corp 0.18% !!
      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
    • Shell PLC 0.13% !!
      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
    • Total SA 0.09%
    • BHP Group Ltd 0.08% !!
      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
    • Channel Infrastructure NZ Lt 0.08%
    • Conocophillips 0.08% !!
      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
    • BP 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
    • Nextera Energy Inc 0.06%
    • Reliance Industries Ltd 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
    • Canadian Natural Resources 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
    • Duke Energy Corp 0.04%
    • Enbridge 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
    • Eog Resources 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
    • Iberdrola SA 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Marathon Petroleum Corp 0.04%
    • Mitsubishi Corp 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
    • Rio Tinto PLC 0.04%
    • Southern Co/The 0.04%
    • Enel Spa 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Glencore PLC 0.03%
    • Hess 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
    • Mitsui & Co 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
    • National Grid PLC 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
    • Occidental Petroleum 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
    • Phillips 66 0.03%
    • Pioneer Natural Resources Co 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
    • Qatar Energy 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
    • Sempra Energy 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
    • Sumitomo 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
    • Suncor 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
    • Valero Energy Corp 0.03%
    • Woodside Energy 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
    • American Electric Power 0.02%
    • Cassa Depositi E Prestit 0.02%
    • 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
    • Cie De Saint-Gobain 0.02%
    • Compagnie De Saint Gobain 0.02%
    • Consolidated Edison Inc 0.02%
    • Constellation Energy 0.02%
    • Devon 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
    • Diamondback 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
    • Dominion Energy Inc 0.02%
    • E.On Se 0.02%
    • Energy Transfer Lp 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
    • Eni Spa 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
    • Equinor Asa 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
    • Franco-Nevada Corp 0.02%
    • Halliburton Co 0.02%
    • Itochu 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
    • Jindal Steel & Power Ltd 0.02%
    • Kinder Morgan 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
    • Oneok Inc 0.02%
    • P G & E Corp 0.02%
    • Public Service Enterprise Gp 0.02%
    • 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
    • Xcel Energy Inc 0.02%
    • Ameren Corporation 0.01%
    • Cenovus Energy 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
    • Dte Energy Company 0.01%
    • Engie 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
    • Entergy Corp 0.01%
    • Fairfax Financial Hldgs Ltd 0.01%
    • Firstenergy Corp 0.01%
    • Marubeni 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 Steel Corp 0.01%
    • Repsol SA 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
    • Rio Tinto Ltd 0.01%
    • Rwe AG 0.01%
    • Sumitomo 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
    • Targa Resources Corp 0.01%
    • Teck Resources Ltd-Cls B 0.01%
    • Wec Energy Group Inc 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. 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

Aims for high long-run returns by investing in a diversified portfolio weighted towards growth assets but with some income asset exposure

Value $19.4M NZD
Period of data report 31st Dec. 2023
Members 1,021
Fund started 14th Sept. 2020
Total annual fund fees 0.37%
Total performance based fees 0.0%
Manager's basic fee 0.13%
Other management and administration charges 0.24%
Total other charges 0.0
Total other charges currency NZD

Mike Heath

Currently: Investment Committee Member (3 years, 9 months)
Previously: General Manager, InvestNow (5 years, 9 months)

Anthony Edmonds

Currently: Investment Committee Member (3 years, 9 months)
Previously: Director, FundRock NZ and InvestNow (13 years, 1 months)

Anthony Sowerby

Currently: Investment Committee Member (3 years, 9 months)
Previously: Head of Investment Management Oversight, FundRock NZ (2 years, 3 months)

Jason Choy

Currently: Investment Committee Member (1 years, 5 months)
Previously: Senior Portfolio Manager, FundRock NZ and InvestNow (1 years, 7 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 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 -3.87% -2.86%
2022 1.40% 5.04%

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. 2023.

Top 10 Investments

  • Mercer Msci Global Index Shares Fund
    New Zealand International Equities
    34.27%
  • Mercer NZ Shares Passive Fund
    New Zealand Australasian Equities
    26.15%
  • Mercer Msci Hedged Global Index Shares
    New Zealand International Equities
    19.51%
  • Hunter Global Fixed Interest Fund
    New Zealand Int Fixed Interest
    15.02%
  • Mercer Macquarie NZ Fixed Interest Fund
    New Zealand NZ Fixed Interest
    3.02%
  • Mercer Macquarie NZ Cash Fund
    New Zealand Cash and Equivalents
    1.72%
  • Cash At Bank (BNZ)
    New Zealand Cash and Equivalents AA-
    0.31%
Type Target Actual
Cash and Cash Equivalents 2.0% 4.2%
New Zealand Fixed Interest 3.0% 2.95%
International Fixed Interest 15.0% 14.01%
Australasian Equities 26.0% 26.92%
International Equities 54.0% 51.92%
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. 2023.