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. 0.10%
    • Johnson & Johnson 0.05%
    • Ubs 0.02%
    • Bank Hapoalim B.M. 0.01%
    • 3M 0.06%
    • Shell 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
    • Procter & Gamble Co. 0.12%
    • Unilever PLC 0.12%
    • Kimberly-Clark Corp. 0.07%
    • 3M 0.06%
    • Hermès International Sca 0.06%
    • L'Oréal SA 0.06%
    • Colgate-Palmolive Co. 0.05%
    • The Sherwin-Williams Co. 0.05%
    • The Clorox Co. 0.04%
    • Burberry Group PLC 0.03%
    • Ecolab, Inc. 0.03%
    • Givaudan SA 0.03%
    • Shell 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
    • Church & Dwight Co., Inc. 0.02%
    • PPG Industries, Inc. 0.02%
    • The Dow Chemical Co. 0.02%
    • International Flavors & Fragrances, Inc. 0.01%
    • Contact Energy Ltd. 0.26% 1.5°C
      This company is on a 1.5°C pathway
    • Genesis Energy Ltd. 0.18%
    • Oneok, Inc. 0.15%
    • Enel 0.10% 1.5°C
      This company is on a 1.5°C pathway
    • Channel Infrastructure 0.08%
    • Marathon Petroleum Corp. 0.06%
    • Valero Energy Corp. 0.06%
    • Itochu Corp. 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
    • Public Service Enterprise Group, Inc. 0.05%
    • Cheniere Energy, 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
    • Dassault Systèmes Se 0.04%
    • Equinor 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
    • Hf Sinclair Corp 0.04%
    • Marubeni 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
    • Woodside Energy Group Ltd. 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
    • Altagas Ltd. 0.03%
    • Shell 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
    • Galp Energia Sgps SA 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
    • Iberdrola 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • National Grid PLC 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
    • OMV AG 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
    • Phillips 66 0.02%
    • Enbridge, 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
    • Endesa SA 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Enel Chile SA 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Pembina Pipeline 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
    • Santos Ltd. 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
    • Totalenergies Se 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

The Automatic Fund is a life cycle investment option. Its objective is to try to achieve an appropriate long-term outcome for investors by accepting a higher investment risk and return volatility in the early stages of a member’s working life as a trade-off for potentially higher returns.

Value $454k NZD
Period of data report 31st March 2024
Members 8
Fund started 1st July 2007
Total annual fund fees 0.37%
Total performance based fees 0.0%
Manager's basic fee 0.35%
Other management and administration charges 0.02%
Total other charges 54.0
Total other charges currency NZD

Basil Morrison

Currently: LGST Chairman (12 years, 10 months)
Previously: (None years, None months)

Grant Hassell

Currently: Licensed Independent Trustee (0 years, 4 months)
Previously: (None years, None months)

Charlie Howe

Currently: Chief Executive Officer (Civic Financial Services) (2 years, 7 months)
Previously: (None years, None months)

Glenn Watkin

Currently: Chief Financial Officer (Civic Financial Services) (5 years, 2 months)
Previously: Investment Accountant (Civic Financial Services) (6 years, 5 months)

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

  • No attachments

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 6.55% 5.26%
2023 -1.85% -2.31%
2022 -0.74% 0.0%
2021 8.94% 8.18%
2020 0.61% 0.0%
2019 4.19% 0.0%
2018 3.58% 0.0%
2017 4.10% 0.0%
2016 3.52% 0.0%
2015 8.10% 0.0%

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

  • ANZ Wholesale Cash Fund
    New Zealand Cash and Equivalents
    29.64%
  • ANZ Sovereign Bond Fund
    New Zealand NZ Fixed Interest
    14.97%
  • ANZ High Grade Bond Fund
    New Zealand NZ Fixed Interest
    14.89%
  • Harbour Real Estate Investment Fund
    New Zealand Listed Property
    10.14%
  • ANZ Wholesale International Sovereign Fund
    New Zealand Int Fixed Interest
    7.55%
  • ANZ Wholesale International Credit Fund
    New Zealand Int Fixed Interest
    7.51%
  • Harbour NZ Shares Index Fund
    New Zealand Australasian Equities
    5.13%
  • ANZ Wholesale International Share Fund No. 5
    New Zealand International Equities
    5.09%
  • ANZ Wholesale Hedged International Share Fund No. 5
    New Zealand International Equities
    5.08%
Type Target Actual
Cash and Cash Equivalents 30.0% 29.64%
New Zealand Fixed Interest 30.0% 29.86%
International Fixed Interest 15.0% 15.06%
Australasian Equities 5.0% 5.13%
International Equities 10.0% 10.17%
Listed Properties 10.0% 10.14%
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 March 2024.