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 1.13%
    • BHP Group Ltd 0.64%
    • Genesis Energy Ltd 5.00% 3/04/2025 0.28%
    • Iberdrola SA 0.26%
    • Genesis Energy Ltd 0.23%
    • Eni Spa 0.21%
    • Glencore PLC 0.21%
    • China Petroleum & Chemical Corp 0.19%
    • Valero Energy Corp 0.17%
    • National Grid PLC 0.16%
    • Santos Ltd 0.14%
    • Suncor Energy Inc 0.14%
    • Woodside Energy Group Ltd 0.13%
    • Channel Infrastructure NZ Ltd 0.10%
    • South32 Ltd 0.08%
    • Pg&E Corp 0.06%
    • Reliance Industries Ltd 0.06%
    • Arcelormittal SA 0.05%
    • Nextera Energy Inc 0.05%
    • Apa Group 0.02%
    • Petroleo Brasileiro Pref SA 0.02%
    • Petroleo Brasileiro SA Petrobras 0.02%
    • Ampol Ltd 0.01%
    • Origin Energy Ltd 0.01%
    • Saudi Arabian Oil 0.01%
    • Whitehaven Coal Ltd 0.01%
    • Walmart Inc 0.08%
    • Walmart De Mexico V 0.02%
    • Skycity Entertainment Group Ltd 0.22%
    • Aristocrat Leisure Ltd 0.13%
    • International Game Technology PLC 0.04%
    • Lottery Corp Ltd/The 0.01%
    • Diageo PLC 0.23%
    • Kirin Holdings Co Ltd 0.16%
    • Metcash Ltd 0.14%
    • Endeavour Group Ltd/Australia 0.01%
    • Treasury Wine Estates Ltd 0.01%
    • Corteva Inc. 0.01%
    • BHP Group Ltd 0.64%
    • Bayer AG 0.23%
    • Wells Fargo & Co 0.22%
    • Nestle SA 0.21%
    • Glencore PLC 0.21%
    • Rio Tinto Ltd 0.20%
    • China Petroleum & Chemical Corp 0.19%
    • Johnson & Johnson 0.16%
    • Rio Tinto PLC 0.15%
    • Archer-Daniels-Midland Co 0.14%
    • Meta Platforms Inc 0.09%
    • Chemours Co/The 0.08%
    • Meta Platforms Inc. 0.08%
    • Thermo Fisher Scientific Inc 0.08%
    • Nutrien Ltd 0.07%
    • Pg&E Corp 0.06%
    • Thermo Fisher Scientific Inc. 0.05%
    • Credit Suisse Group AG 4.55% 17/04/2026 0.03%
    • Caterpillar Inc. 0.02%
    • Credit Suisse Group AG 4.207% 12/06/2024 0.02%
    • Credit Suisse Group AG 6.537% 12/08/2033 0.02%
    • Credit Suisse New York 3.70% 21/02/2025 0.02%
    • Motorola Solutions Inc 0.02%
    • Petroleo Brasileiro Pref SA 0.02%
    • Petroleo Brasileiro SA Petrobras 0.02%
    • Activision Blizzard Inc. 0.01%
    • Archer-Daniels-Midland Co. 0.01%
    • Corteva Inc. 0.01%
    • Credit Suisse Group AG 1.00% 24/06/2027 0.01%
    • Credit Suisse Group AG 6.375% #N/A Field Not Applicable 0.01%
    • Nutrien Ltd. 0.01%
    • Uber Technologies Inc. 0.01%
    • Wells Fargo & Company 3.526% 24/03/2028 0.01%
    • Colgate-Palmolive Co 0.31%
    • Ecolab Inc 0.26%
    • Koninklijke Dsm Nv 0.26%
    • Pepsico Inc 0.25%
    • Bayer AG 0.23%
    • Nestle SA 0.21%
    • Eni Spa 0.21%
    • China Petroleum & Chemical Corp 0.19%
    • L'Oreal SA 0.19%
    • Archer-Daniels-Midland Co 0.14%
    • LVMH Moet Hennessy Louis Vuitton Se 0.14%
    • Chemours Co/The 0.08%
    • Procter & Gamble Co. 0.08%
    • Estee Lauder Companies Inc 0.07%
    • Nutrien Ltd 0.07%
    • Pepsico Inc. 0.06%
    • Reliance Industries Ltd 0.06%
    • Coca-Cola Co. 0.05%
    • Croda International PLC 0.05%
    • Kimberly-Clark Corp 0.05%
    • Symrise AG 0.05%
    • Air Liquide SA 0.04%
    • Tesco PLC 0.04%
    • Unilever PLC 0.04%
    • Kerry Group PLC 0.03%
    • Procter & Gamble Co 0.03%
    • Darling Ingredients Inc 0.02%
    • Hindustan Unilever Ltd 0.02%
    • Mondelez International Inc. 0.02%
    • Ping An Insurance (Group) Co Of Ch 0.02%
    • Archer-Daniels-Midland Co. 0.01%
    • Colgate-Palmolive Co. 0.01%
    • Corteva Inc. 0.01%
    • Estee Lauder Cos. Inc. 0.01%
    • General Mills Inc. 0.01%
    • Koninklijke Ahold Delhaize Nv 0.01%
    • Nomad Foods Ltd 0.01%
    • Nutrien Ltd. 0.01%
    • Sherwin-Williams Co. 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

Aims to provide a high level of capital growth over the medium to long term (at least 7 years). The fund invests mostly in growth assets, with a modest allocation to income assets.

Value $6.1M NZD
Period of data report 31st Dec. 2022
Members 125
Fund started 24th Nov. 2020
Total annual fund fees 1.29%
Total performance based fees 0.0%
Manager's basic fee 0.99%
Other management and administration charges 0.3%
Total other charges 36.0
Total other charges currency NZD

Stuart Kenneth Reginald Millar

Currently: Chief Investment Officer - Smartshares (3 years, 7 months)
Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)

Andrew Kelleher

Currently: Director - JMI Wealth Limited - Clarity Funds Management Limited and Select Weal (14 years, 8 months)
Previously: Acting Managing Principal - ASB Securities Limited and Investment Consultant - A (3 years, 5 months)

Simon Reichenbach

Currently: Senior Investment Executive - JMI Wealth Limited (3 years, 3 months)
Previously: Senior Research Analyst - Staples Rodway Asset Management (4 years, 11 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 0.60%
Animal Cruelty 3.90%
Fossil Fuels 4.58%
Gambling 0.41%
GMOs 0.01%
Human Rights & Environmental Violations 3.28%
Palm Oil 0.01%
Tobacco 0.00%
Weapons 0.12%

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 1.87% 4.13%

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

  • Vanguard Ethically Conscious International Shares Index ETF - NZD Hedged
    Australia International Equities
    9.63%
  • Wellington Global Stewards Fund
    Ireland International Equities
    8.65%
  • ANZ NZD Current Account
    New Zealand Cash and Equivalents AA-
    8.22%
  • Mercer Socially Responsible Overseas Shares Portfolio
    New Zealand International Equities
    7.27%
  • Ishares Msci Em Imi ESG Screened Ucits ETF
    Ireland International Equities
    3.09%
  • Treasury Bill 0.00% 2/03/2023
    United States Int Fixed Interest AAA
    1.43%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.33%
  • Meridian Energy Ltd
    New Zealand Australasian Equities
    1.32%
  • CSL Ltd
    Australia Australasian Equities
    1.28%
  • Cash At Bank
    New Zealand Cash and Equivalents AA-
    1.28%
Type Target Actual
Cash and Cash Equivalents 32.0% 7.675863%
New Zealand Fixed Interest 5.0% 8.956944%
International Fixed Interest 0.0% 8.9039%
Australasian Equities 48.0% 29.468364%
International Equities 10.0% 44.994929%
Listed Properties 0.0% 0.0%
Unlisted Properties 5.0% 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.