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 SA-Reg 1.69%
    • Thermo Fisher Scientific Inc 1.39%
    • Johnson & Johnson 0.10%
    • China Petroleum & Chemical-H 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
    • Caterpillar Inc 0.08%
    • Teva Pharmaceutical Ind Ltd 0.05%
    • Bayer AG-Reg 0.43%
    • 3M Co 0.34%
    • Shell PLC 0.17% !!
      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
    • Archer-Daniels-Midland Co 0.09%
    • Bunge Ltd 0.06%
    • Adeka Corp 0.05%
    • LVMH Moet Hennessy Louis Vui 1.14%
    • Air Liquide SA 0.71%
    • Intl Flavors & Fragrances 0.52%
    • Rentokil Initial PLC 0.49%
    • PPG Industries Inc 0.47%
    • Bayer AG-Reg 0.43%
    • Akzo Nobel N.V. 0.35%
    • 3M Co 0.34%
    • Burberry Group PLC 0.29%
    • L'Oreal 0.24%
    • Hermes International 0.19%
    • Shell PLC 0.17% !!
      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
    • Sherwin-Williams Co/The 0.16%
    • Koninklijke Ahold Delhaize N 0.12%
    • China Petroleum & Chemical-H 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
    • Eastman Chemical Co 0.08%
    • Mosaic Co/The 0.07%
    • Solvay SA 0.06%
    • Yara International Asa 0.06%
    • Adeka Corp 0.05%
    • Capri Holdings Ltd 0.05%
    • Huntsman Corp 0.05%
    • Mitsubishi Gas Chemical Co 0.03%
    • Sojitz Corp 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
    • Canadian Tire Corp-Class A 0.06%
    • Dick'S Sporting Goods Inc 0.06%
    • Intertek Group PLC 0.28%
    • Shell PLC 0.17% !!
      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 0.16%
    • Total SA 0.13%
    • Valero Energy Corp 0.13%
    • Mitsui & Co Ltd 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
    • China Petroleum & Chemical-H 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
    • Hf Sinclair Corp 0.09%
    • Itochu 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
    • Phillips 66 0.09%
    • Repsol SA 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
    • Sojitz Corp 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
    • Jefferies Financial Group In 0.06%
    • OMV AG 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
    • Beijing Enterprises Hldgs 0.05%
    • Centrica PLC 0.05%
    • Ck Hutchison Holdings Ltd 0.05%
    • Marubeni 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
    • Motor Oil (Hellas) SA 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
    • Tenaga Nasional Bhd 0.05%
    • Lg Corp 0.04%
    • Nrg Energy Inc 0.04%
    • Lg Uplus Corp 0.03%

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 Share Fund invests mainly in international equities. Investments may include equities in companies that are listed or are soon to be listed on a stock exchange, and cash and cash equivalents. The International Share Fund aims to achieve a positive yearly return (after the fund charge and before tax) that over the long-term outperforms the relevant market index.

Value $73.6M NZD
Period of data report 30th Sept. 2023
Members 1,539
Fund started 1st Oct. 2007
Total annual fund fees 1.05%
Total performance based fees 0.0%
Manager's basic fee 1.0%
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 -4.84% 1.83%
2022 3.55% 3.25%
2021 33.87% 31.51%
2020 -6.10% 1.06%
2019 10.35% 8.21%
2018 6.95% 11.48%
2017 10.40% 11.88%
2016 4.51% 5.12%
2015 15.30% 21.06%
2014 10.31% 12.61%

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

  • Nestle SA
    Switzerland International Equities
    1.69%
  • Visa Inc
    United States International Equities
    1.67%
  • Hdfc Bank Ltd - Adr
    United States International Equities
    1.46%
  • Comcast Corporation - Class A
    United States International Equities
    1.41%
  • Thermo Fisher Scientific Inc
    United States International Equities
    1.39%
  • Schneider Electric
    France International Equities
    1.29%
  • Linde PLC
    United States International Equities
    1.28%
  • Mastercard Inc
    United States International Equities
    1.25%
  • Boston Scientific
    United States International Equities
    1.23%
  • Cash Deposit (J.P. Morgan USD)
    United States Cash and Equivalents A-1
    1.16%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.04%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 100.0% 99.96%
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.