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

    • Petroleos Mexicanos 0.23%
    • Engie SA 0.18%
    • Vier Gas Transport Gmbh 0.14%
    • Mitsubishi Corp 0.12%
    • Enbridge Gas Inc 0.11%
    • Enbridge Inc 0.11%
    • Neste Oyj 0.11%
    • Saudi Arabian Oil Co 0.11%
    • Enbridge Pipelines Inc 0.10%
    • Glencore Funding Llc 0.10%
    • Infraestructura Energeti 0.10%
    • Totalenergies Capital SA 0.10%
    • Aes Panama Generation Hl 0.09%
    • Enterprise Products Oper 0.09%
    • Exxon Mobil Corporation 0.09%
    • Energias De Portugal SA 0.08%
    • Southern Co 0.08%
    • Williams Companies Inc 0.08%
    • Arcelormittal 0.07%
    • Continental Resources 0.07%
    • Energy Transfer Lp 0.07%
    • Ongc Videsh Ltd 0.07%
    • Reliance Industries Ltd 0.07%
    • Shell International Fin 0.07%
    • Terega SA 0.07%
    • Western Midstream Operat 0.07%
    • Anglo American Capital 0.06%
    • Berkshire Hathaway Energ 0.06%
    • Dcp Midstream Operating 0.06%
    • Devon Energy Corporation 0.06%
    • Enel Finance Intl Nv 0.06%
    • Eqt Corp 0.06%
    • Mplx Lp 0.06%
    • Petroleos Del Peru SA 0.06%
    • Terega Sasu 0.06%
    • Coterra Energy Inc 0.05%
    • Ecopetrol SA 0.05%
    • Fortum Oyj 0.04%
    • Nrg Energy Inc 0.03%
    • Pioneer Natural Resource 0.03%
    • Targa Resources Corp 0.02%
    • Walmart Inc 0.09%
    • Alimentation Couche-Tard 0.09%
    • Las Vegas Sands Corp 0.11%
    • Sands China Ltd 0.11%
    • Llpl Capital Pte Ltd 0.09%
    • Vici Properties / Note 0.08%
    • Anheuser-Busch Inbev Wor 0.04%
    • Llpl Capital Pte Ltd 0.09%
    • Credit Suisse Group AG 0.38%
    • Wells Fargo & Company 0.35%
    • Petroleos Mexicanos 0.23%
    • Bayer US Finance Llc 0.11%
    • Thermo Fisher Scientific 0.11%
    • Glencore Funding Llc 0.10%
    • Mexico Generadora De Ene 0.09%
    • Nutrien Ltd 0.09%
    • Energy Transfer Lp 0.07%
    • Nestle Holdings Inc 0.07%
    • Ongc Videsh Ltd 0.07%
    • Shell International Fin 0.07%
    • Bayer US Finance Ii Llc 0.04%
    • Mitsubishi Corp 0.12%
    • Bayer US Finance Llc 0.11%
    • Unilever Finance 0.11%
    • Air Liquide Finance 0.10%
    • Barry Callebaut Svcs Nv 0.10%
    • Kraft Heinz Foods Co 0.10%
    • Tyson Foods Inc 0.10%
    • 3M Company 0.09%
    • Exxon Mobil Corporation 0.09%
    • Koninkijke Ahold Dlhaize 0.09%
    • Nutrien Ltd 0.09%
    • Pepsico Inc 0.09%
    • Sherwin-Williams Co 0.09%
    • Evonik Industries AG 0.08%
    • Grp Bruxelles Lambert SA 0.08%
    • Unilever PLC 0.08%
    • Nestle Holdings Inc 0.07%
    • Reliance Industries Ltd 0.07%
    • Shell International Fin 0.07%
    • Orbia Advance Corp Sab 0.06%
    • Bayer US Finance Ii Llc 0.04%
    • Coca-Cola Co/The 0.03%
    • Rentokil Initial Financ 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

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 $210k NZD
Period of data report 31st Dec. 2022
Members 25
Fund started 5th Oct. 2020
Total annual fund fees 0.71%
Total performance based fees 0.0%
Manager's basic fee 0.6%
Other management and administration charges 0.11%
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 0.00%
Alcohol 0.04%
Animal Cruelty 1.88%
Fossil Fuels 3.37%
Gambling 0.39%
GMOs 0.00%
Human Rights & Environmental Violations 1.79%
Palm Oil 0.09%
Tobacco 0.09%
Weapons 0.09%

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 -1.63% -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 Dec. 2022.

Top 10 Investments

  • New Zealand Dollar Cash
    New Zealand Cash and Equivalents
    6.38%
  • Japan 5 Year Government Bond 0.1 20/09/2024
    Japan Int Fixed Interest A
    5.09%
  • US Dollar Cash
    United States Cash and Equivalents
    2.12%
  • Mex Bonos 7.75 29/05/2031
    Mexico Int Fixed Interest BBB
    1.64%
  • US Treasury Notes/Bills 0.375 30/04/2025
    United States Int Fixed Interest AAA
    1.54%
  • US Treasury Notes/Bills 2.5 30/01/2024
    United States Int Fixed Interest AAA
    1.24%
  • US Treasury Notes/Bills 1.375 31/08/2026
    United States Int Fixed Interest AAA
    1.23%
  • Japan 30 Year Government Bond 1.5 20/03/2045
    Japan Int Fixed Interest A
    1.16%
  • Japan 10 Year Government Bond 0.1 20/06/2029
    Japan Int Fixed Interest A
    1.05%
  • US Treasury Notes/Bills 1.5 15/08/2026
    United States Int Fixed Interest AAA
    1.01%
Type Target Actual
Cash and Cash Equivalents 0.0% 9.1%
New Zealand Fixed Interest 0.0% -0.88%
International Fixed Interest 100.0% 90.22%
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% 1.56%
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.