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

    • Nestle Holdings Inc 0.24%
    • Credit Suisse Group AG 0.16%
    • Motorola Solutions Inc 0.13%
    • Caterpillar Finl Service 0.05%
    • Wells Fargo & Company 0.04%
    • Nestle Finance Intl Ltd 0.03%
    • Credit Suisse New York 0.02%
    • Johnson & Johnson 0.01%
    • Rio Tinto Fin Usa Ltd 0.01%
    • Shell International Fin 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
    • Duke Energy Corp 0.08%
    • Nutrien Ltd 0.07%
    • Newcrest Finance Pty Ltd 0.05%
    • 3M Company 0.03%
    • Bunge Ltd Finance Corp 0.03%
    • Bg Energy Capital PLC 0.01%
    • Unilever Finance 0.19%
    • Shell International Fin 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
    • Procter & Gamble Co/The 0.14%
    • Dow Chemical Co/The 0.12%
    • Unilever Capital Corp 0.09%
    • Colgate-Palmolive Co 0.08%
    • Celanese US Holdings Llc 0.07%
    • Intl Flavor & Fragrances 0.07%
    • Nutrien Ltd 0.07%
    • PPG Industries Inc 0.07%
    • Akzo Nobel Nv 0.06%
    • L'Oreal SA 0.06%
    • Kimberly-Clark Corp 0.05%
    • LVMH Moet Hennessy Vuitt 0.05%
    • Arkema 0.04%
    • Clorox Company 0.04%
    • Hormel Foods Corp 0.04%
    • Kering 0.04%
    • 3M Company 0.03%
    • Church & Dwight Co Inc 0.03%
    • Lyondellbasell Ind Nv 0.03%
    • Rentokil Initial Finance 0.03%
    • Yara International Asa 0.03%
    • Burberry Group PLC 0.02%
    • Henkel AG & Co Kgaa 0.02%
    • Mosaic Co 0.02%
    • Bg Energy Capital PLC 0.01%
    • Givaudan Fin Europe 0.01%
    • Hexcel Corp 0.04%
    • Oneok Inc 0.34%
    • Enbridge Inc 0.16% !!
      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 International Fin 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
    • Totalenergies Se 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
    • Enel Finance Intl Nv 0.12% 1.5°C
      This company is on a 1.5°C pathway
    • Enel Spa 0.12% 1.5°C
      This company is on a 1.5°C pathway
    • National Grid PLC 0.11% !!
      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 0.11%
    • Woodside Finance Ltd 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
    • E.On Intl Finance Bv 0.09%
    • Ccep Finance Ireland Dac 0.08%
    • Duke Energy Corp 0.08%
    • OMV AG 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
    • Santos Finance 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
    • Southern Co 0.08%
    • Xcel Energy Inc 0.08%
    • Aker BP Asa 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
    • Iberdrola Intl Bv 0.07% 1.5°C
      This company is on a 1.5°C pathway
    • Nisource Inc 0.07%
    • Public Service Enterpris 0.07%
    • Naturgy Finance Bv 0.06%
    • Totalenergies Cap Intl 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
    • BP Capital Markets PLC 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
    • Nextera Energy Capital 0.05%
    • Edp Finance Bv 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Kinder Morgan 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
    • Marathon Petroleum Corp 0.04%
    • Pembina Pipeline 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
    • Valero Energy Partners 0.04%
    • Apa Infrastructure 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
    • Cassa Depositi E Prestit 0.03%
    • Dt Midstream Inc 0.03%
    • Enn Energy Holdings Ltd 0.03%
    • Iberdrola SA 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Korea Electric Power Co 0.03%
    • Lyondellbasell Ind Nv 0.03%
    • Oneok Partners Lp 0.03%
    • 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
    • Snam Spa 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
    • Wec Energy Group Inc 0.03%
    • Ameren Corp 0.02%
    • American Electric Power 0.02%
    • Centrica PLC 0.02%
    • Cms Energy Corp 0.02%
    • Dominion Energy Inc 0.02%
    • Enbridge Energy Partners 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
    • Enterprise Products Oper 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
    • Neste Oyj 0.02%
    • Phillips 66 Co 0.02%
    • Teck Resources Limited 0.02%
    • Valero Energy Corp 0.02%
    • Altagas Ltd 0.01%
    • Bg Energy Capital PLC 0.01%
    • Erg Spa 0.01%
    • Gibson Energy Inc 0.01%
    • Rio Tinto Fin Usa Ltd 0.01%
    • Sgs Nederland Hldg Bv 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

The International Fixed Interest Fund invests mainly in international fixed interest assets. Investment may include: Fixed interest assets issued by governments or international companies, and cash and cash equivalents. The International Fixed Interest Fund aims to achieve a positive yearly return (after the fund charge and before tax) that over the long-term is broadly in line with the relevant market index.

Value $2.37M NZD
Period of data report 30th Sept. 2023
Members 199
Fund started 1st Oct. 2007
Total annual fund fees 0.5%
Total performance based fees 0.0%
Manager's basic fee 0.45%
Other management and administration charges 0.05%
Total other charges 0.0
Total other charges currency NZD

Paul Huxford

Currently: Chief Investment Officer, New Zealand (5 years, 3 months)
Previously: Acting Chief Investment Officer, ANZ Bank New Zealand Limited (0 years, 3 months)

Maaike Van Tol

Currently: Head of Asset Allocation (4 years, 7 months)
Previously: Senior Asset Allocation Manager, ANZ Bank New Zealand Limited (1 years, 8 months)

Helen Skinner

Currently: Head of Responsible Investing (1 years, 4 months)
Previously: Head of Emerging Wealth, Craigs Investment Partners (1 years, 2 months)

Heath Smith

Currently: Senior Investment Analyst (0 years, 4 months)
Previously: Client Relationship Manager (Wholesale and Institutional), ANZ Bank New Zealand Limited (6 years, 2 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 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 -0.13% -4.97%
2022 -1.68% -3.52%
2021 1.56% -0.46%
2020 1.64% 5.67%
2019 2.37% 2.95%
2018 2.05% 1.25%
2017 1.53% 0.44%
2016 2.72% 3.01%
2015 4.23% 7.75%
2014 2.00% 1.0%

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 30th Sept. 2023.

Top 10 Investments

  • United States Notes Fixed 0.75% - Repurchase Agreement
    United States Cash and Equivalents
    1.81%
  • United States Notes Fixed 4.125% - Repurchase Agreement
    United States Cash and Equivalents
    1.77%
  • Bank Deposit (USD Jpm )
    United States Cash and Equivalents A-1
    0.47%
  • Tba Umbs Single Family 30Yr 4.0 11/23
    United States Int Fixed Interest
    0.41%
  • Tba Umbs Single Family 30Yr 4.5 11/23
    United States Int Fixed Interest
    0.32%
  • Cash Deposit (J.P. Morgan USD)
    United States Cash and Equivalents A-1
    0.29%
  • Japan Bill Zero Cpn 13/11/2023 Jpy 50000
    Japan Int Fixed Interest
    0.29%
  • Bank Deposit (EUR Jpm )
    Germany Cash and Equivalents A-1
    0.28%
  • United States Bond Fixed 2.75% - Repurchase Agreement
    United States Cash and Equivalents
    0.26%
  • Denmark Government Bond Fixed 4.5% 15/11/2039 Dkk
    Denmark Int Fixed Interest
    0.23%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.03%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 100.0% 99.97%
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% 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 30th Sept. 2023.