Aurora Future Focused Fund

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Fund type: Growth fund

Past Returns: No three year data yet

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 1.5%

Annual fees, including management and administration fees, but not membership fee.

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.


Fossil Fuel

Iberdrola SA 0.39%
Consolidated Edison Inc 0.38%
Valero Energy Corp 0.18%
Phillips 66 0.17%
Engie SA Mtn Regs 0.15%
Edp Energias De Portugal SA 0.15%
Cheniere Energy Inc 0.13%
Iberdrola Finanzas Sau Mtn Regs 0.12%
Kinder Morgan Inc 0.12%
Edp Finance Bv Mtn Regs 0.09%
Enel Finance International Nv Mtn Regs 0.09%
Rwe AG Regs 0.09%
Oneok Inc 0.09%
Iberdrola International Bv Mtn Regs 0.08%
Northland Power Inc 0.08%
Neste 0.07%
Pembina Pipeline Corp 0.07%
Atmos Energy Corp 0.05%
Clearway Energy Inc Class C 0.05%
Enbw Energie Baden Wuerttemberg AG Regs 0.05%
Engie SA Regs 0.05%
Atlantica Sustainable Infrastructu 0.04%
Enel Americas SA 0.04%
Erg Spa Mtn Regs 0.04%
Iberdrola International Bv Regs 0.04%
Sk Innovation Ltd 0.04%
Vattenfall Ab Mtn Regs 0.04%
A2A Spa Mtn Regs 0.03%
Esb Finance Dac Mtn Regs 0.03%
Lg Corp 0.03%
Snam 0.03%
Acea Spa Mtn Regs 0.02%
Ampol Ltd 0.02%
Cgnpc International Ltd Mtn Regs 0.02%
Contact Energy Ltd 0.02%
Cosan Industria E Comercio SA 0.02%
Energias Do Brasil SA Brazil 0.02%
Erg 0.02%
Hera Spa Mtn Regs 0.02%
Iberdrola Finanzas Sau Regs 0.02%
Iberdrola International Bv Nc6 Regs 0.02%
Iberdrola International Bv Nc9 Regs 0.02%
Iren Spa Mtn Regs 0.02%
Keyera Corp 0.02%
Sumitomo Chemical Ltd 0.02%
Parkland Corp 0.01%

Weapons

Canadian Tire Ltd Class A 0.02%
Jfe Holdings Inc 0.02%

Palm Oil

Kuala Lumpur Kepong 0.01%
Ppb Group 0.01%

Human Rights & Environmental Violations

Caterpillar Inc 0.41%
Nutrien Ltd 0.15%
Bank Leumi Le Israel 0.04%
Evergreen Marine Corp (Taiwan) Ltd 0.03%
Credit Suisse AG (London Branch) Mtn Regs 0.02%
Nhpc Ltd 0.02%
Kuala Lumpur Kepong 0.01%

Animal Testing

Coca-Cola 0.86%
Pepsico Inc 0.85%
Ecolab Inc 0.36%
Loreal SA 0.29%
General Mills Inc 0.17%
Kimberly Clark Corp 0.15%
Nutrien Ltd 0.15%
Hindustan Unilever Ltd 0.14%
Daikin Industries Ltd 0.13%
Danone SA 0.11%
Nippon Paper Industries Ltd 0.11%
Givaudan SA 0.10%
Keurig Dr Pepper Inc 0.10%
Koninklijke Ahold Delhaize Nv 0.10%
PPG Industries Inc 0.10%
International Flavors & Fragrances 0.09%
Asian Paints Ltd 0.08%
Hanwha Solutions Corp 0.07%
Koninkilijke Dsm Nv 0.07%
Clorox 0.06%
Kao Corp 0.06%
Kellogg 0.06%
Ajinomoto Inc 0.05%
Essity Class B 0.05%
Hormel Foods Corp 0.05%
Kerry Group PLC 0.05%
Sgs SA 0.05%
Akzo Nobel Nv 0.04%
Croda International PLC 0.04%
Henkel & Kgaa Pref AG 0.04%
Nestle India Ltd 0.04%
Novozymes B 0.04%
Sk Innovation Ltd 0.04%
Beiersdorf AG 0.03%
Burberry Group PLC 0.03%
George Weston Ltd 0.03%
Intertek Group PLC 0.03%
Kikkoman Corp 0.03%
Associated British Foods PLC 0.02%
Dcc PLC 0.02%
Henkel AG 0.02%
Johnson Matthey PLC 0.02%
Lg H & H Ltd 0.02%
Marico Ltd 0.02%
Mitsubishi Chemical Group Corp 0.02%
Mowi 0.02%
Orica Ltd 0.02%
Orkla 0.02%
Sumitomo Chemical Ltd 0.02%
Umicore SA 0.02%
Amorepacific Corp 0.01%
Cj Cheiljedang Corp 0.01%
Colgate Palmolive India Ltd 0.01%
Kuala Lumpur Kepong 0.01%
Nestle Malaysia 0.01%
Ppb Group 0.01%
Unilever Indonesia 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 Fri Sept. 30th 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.

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

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 Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • Ishares Msci World SRI-USD-D
    United States Int Fixed Interest
    38.73%
  • Ishares USD Tips Ucits ETF (Acc)
    United States International Equities
    16.98%
  • Ishares Global Green Bond ETF
    United States Int Fixed Interest
    13.18%
  • Ishares Global Water Ucits ETF USD (Dist)
    United States International Equities
    6.8%
  • Ishares Global Timber & Forestry ETF
    United States International Equities
    6.43%
  • Ishares Sust Msci Em SRI
    United States International Equities
    6.34%
  • Ishares Global Clean Energy
    United States International Equities
    6.12%
  • Ishares Global Govt Bond Ucits ETF
    United States Int Fixed Interest
    5.09%
  • Macquarie NZ Cash Fund
    New Zealand Cash and Equivalents
    3.13%
  • Cash At Bank
    New Zealand Cash and Equivalents
    0.85%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Sept. 30th 2022.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 4.2%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 30.0% 30.16%
Australasian Equities 0.0% 0.0%
International Equities 70.0% 69.5%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% -3.86%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Sept. 30th 2022.

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:
    0.00%
  • Animal Testing:
    5.19%
  • Fossil Fuels:
    3.28%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.68%
  • Palm Oil:
    0.03%
  • Tobacco:
    0.00%
  • Weapons:
    0.04%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Fri Sept. 30th 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.

In their own words

"The investment objective of the Fund is to deliver returns exceeding the CPI by 4.0% per annum before fees and tax, over the medium to long term. The Fund also targets a lower MSCI carbon intensity than its market index over the medium to long term. The Fund is a diversified fund providing exposure to a broad range of global equity and fixed income securities. Currently invests in a selection of ETFs. Biased to ETFs with high ESG scores."

Value $21M NZD
Period of data report Fri Sept. 30th 2022
Members 2,550
Fund started Thu Sept. 23rd 2021
Total annual fund fees 1.5%
Total performance based fees 0.0%
Manager's basic fee 1.5%
Other management and administration charges 0.0%
Total other charges 36.0
Total other charges currency NZD

Key Personnel

Simon Rolland

Currently: CEO & Director, Aurora Capital (1 years, 5 months)
Previously: CEO & Director, Aurora Financial (6 years, 0 months)

Sean Henaghan

Currently: CIO & Director, Aurora Capital (1 years, 5 months)
Previously: CIO & Director, Multi-Asset Group, AMP Capital (5 years, 0 months)

Thomas Mcrobie

Currently: Investment Analyst, Aurora Capital (1 years, 5 months)
Previously: Financial adviser, Aurora Financial (2 years, 0 months)

Ian Coates

Currently: General Manager, Aurora Capital (0 years, 7 months)
Previously: Head of KiwiSaver, Aurora Financial (2 years, 1 months)

George Steele

Currently: Operations Lead (0 years, 6 months)
Previously: Compliance Officer (0 years, 11 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Sept. 30th 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.