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

    • Credit Suisse Group AG 0.22%
    • Ubs Group AG 0.15%
    • Wells Fargo & Company 0.15%
    • Credit Suisse New York 0.10%
    • Arcelormittal 0.06%
    • Ubs Group AG-Reg 0.03%
    • Indofood Cbp Sukses Makm 0.09%
    • Mexico Generadora De Ene 0.08%
    • Bayer US Finance Ii Llc 0.04%
    • Cargill Inc 0.04%
    • Jbs Usa/Food/Finance 0.03%
    • Intl Flavor & Fragrances 0.12%
    • Tyson Foods Inc 0.12%
    • Dow Chemical Co/The 0.10%
    • Sherwin-Williams Co 0.10%
    • Givaudan Fin Europe 0.09%
    • Clariant AG-Reg 0.08%
    • Unilever Capital Corp 0.08%
    • Eni Spa 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
    • Bayer US Finance Ii Llc 0.04%
    • Koninkijke Ahold Dlhaize 0.04%
    • Tapestry Inc 0.04%
    • Rentokil Initial Financ 0.02%
    • Exxon Mobil Corporation 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
    • Enel Finance Intl Nv 0.21% 1.5°C
      This company is on a 1.5°C pathway
    • Enbridge Inc 0.15% !!
      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
    • Tc Pipelines, Lp 0.15%
    • Dcp Midstream Operating 0.14%
    • Sempra Energy 0.14% !!
      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
    • Engie SA 0.12% !!
      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
    • Infraestructura Energeti 0.10%
    • National Grid PLC 0.10% !!
      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
    • Weir Group PLC (The) 0.10%
    • Eqt Corp 0.09% !!
      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
    • Fairfax Finl Hldgs Ltd 0.09%
    • Orlen SA 0.09%
    • Enbridge Energy Partners 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
    • Emera Inc 0.07%
    • Enel Spa 0.07% 1.5°C
      This company is on a 1.5°C pathway
    • Glencore Cap Fin Dac 0.07%
    • Vier Gas Transport Gmbh 0.07%
    • Arcelormittal 0.06%
    • Energias De Portugal SA 0.06% 1.5°C
      This company is on a 1.5°C pathway
    • Enterprise Products Oper 0.06% !!
      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
    • Neste Oyj 0.06%
    • Targa Resources Corp 0.06%
    • Western Midstream Operat 0.06%
    • Williams Companies Inc 0.06% !!
      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
    • Conocophillips Company 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
    • Coterra Energy 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
    • Eni Spa 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
    • Occidental Petroleum Cor 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
    • Devon Energy Corporation 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
    • Fortum Oyj 0.04%
    • Terega SA 0.04%
    • Var Energi Asa 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
    • Antero Resources 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
    • Continental Resources 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
    • Ecopetrol SA 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
    • Mplx Lp 0.03%
    • Nrg Energy Inc 0.03%
    • Range Resources 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
    • Southwestern Energy 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
    • Terega Sasu 0.03%
    • Cassa Depositi E Prestit 0.02%
    • Halliburton Co 0.02%
    • Exxon Mobil Corporation 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
    • Pioneer Natural Resource 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

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 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.

About this fund

Provides exposure to a portfolio of international fixed interest securities and is actively managed using a multi-manager approach. Targets being fully hedged back to New Zealand dollars

Value $240k NZD
Period of data report 31st March 2024
Members 28
Fund started 5th Oct. 2020
Total annual fund fees 0.58%
Total performance based fees 0.0%
Manager's basic fee 0.53%
Other management and administration charges 0.05%
Total other charges 0.0
Total other charges currency NZD

Mike Heath

Currently: Investment Committee Member (4 years, 0 months)
Previously: General Manager, InvestNow (6 years, 0 months)

Anthony Edmonds

Currently: Investment Committee Member (4 years, 0 months)
Previously: Director, FundRock NZ and InvestNow (13 years, 4 months)

Anthony Sowerby

Currently: Investment Committee Member (4 years, 0 months)
Previously: Head of Investment Management Oversight, FundRock NZ (2 years, 6 months)

Jason Choy

Currently: Investment Committee Member (1 years, 8 months)
Previously: Senior Portfolio Manager, FundRock NZ and InvestNow (1 years, 10 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2024.

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
2024 3.40% 1.91%
2023 -0.13% -3.73%
2022 -1.68% -3.12%

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 March 2024.

Top 10 Investments

  • New Zealand Dollar Cash
    New Zealand Cash and Equivalents A+
    4.17%
  • Swap Citibank Coc Swap Cash Collateral USD
    United States Cash and Equivalents A-1
    2.61%
  • Treasury Bill
    United States Int Fixed Interest AAA
    2.3%
  • US Treasury N/B
    United States Int Fixed Interest AAA
    2.22%
  • US Treasury N/B
    United States Int Fixed Interest AAA
    1.79%
  • Mex Bonos Desarr Fix Rt
    Mexico Int Fixed Interest BBB
    1.77%
  • US Dollar
    United States Cash and Equivalents A+
    1.57%
  • US Treasury N/B
    United States Int Fixed Interest AAA
    1.38%
  • US Treasury N/B
    United States Int Fixed Interest AAA
    1.21%
  • Japan (10 Year Issue)
    Japan Int Fixed Interest A
    1.17%
Type Target Actual
Cash and Cash Equivalents 0.0% 8.04%
New Zealand Fixed Interest 0.0% 0.47%
International Fixed Interest 100.0% 93.39%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% -1.9%
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 March 2024.