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 0.49%
    • Consolidated Edison Inc 0.19%
    • Iberdrola SA 0.19%
    • Phillips 66 0.09%
    • Valero Energy Corp 0.09%
    • Edp Energias De Portugal SA 0.08%
    • Cheniere Energy Inc 0.06%
    • Kinder Morgan Inc 0.06%
    • Oneok Inc 0.05%
    • Northland Power Inc 0.04%
    • Atmos Energy Corp 0.03%
    • Edp Finance Bv Mtn Regs 0.03%
    • Enel Finance International Nv Mtn Regs 0.03%
    • Engie SA Mtn Regs 0.03%
    • Iberdrola International Bv Mtn Regs 0.03%
    • Neste 0.03%
    • Pembina Pipeline Corp 0.03%
    • Atlantica Sustainable Infrastructu 0.02%
    • Clearway Energy Inc Class C 0.02%
    • Enbw Energie Baden Wuerttemberg AG Regs 0.02%
    • Esb Finance Dac Mtn Regs 0.02%
    • Iberdrola International Bv Regs 0.02%
    • Lg Corp 0.02%
    • Sk Innovation Ltd 0.02%
    • Snam 0.02%
    • Cosan Industria E Comercio SA 0.01%
    • Enel Americas SA 0.01%
    • Engie SA Regs 0.01%
    • Erg 0.01%
    • Iberdrola Finanzas Sau Mtn Regs 0.01%
    • Rwe AG Regs 0.01%
    • Canadian Tire Ltd Class A 0.01%
    • Diageo PLC 0.89%
    • Thermo Fisher Scientific Inc 1.01%
    • Nutrien Ltd 0.52%
    • Caterpillar Inc 0.21%
    • Bank Leumi Le Israel 0.02%
    • Evergreen Marine Corp (Taiwan) Ltd 0.01%
    • LVMH Moet Hennessy Louis Vui 0.98%
    • Estee Lauder Cos Inc/The 0.85%
    • L'Oreal SA 0.67%
    • Nutrien Ltd 0.52%
    • PPG Industries Inc 0.48%
    • Coca-Cola 0.43%
    • 3M Co 0.42%
    • Pepsico Inc 0.42%
    • Unilever PLC 0.41%
    • Ecolab Inc 0.18%
    • Loreal SA 0.15%
    • General Mills Inc 0.08%
    • Daikin Industries Ltd 0.07%
    • Hindustan Unilever Ltd 0.07%
    • Kimberly Clark Corp 0.07%
    • Danone SA 0.06%
    • Nippon Paper Industries Ltd 0.06%
    • Givaudan SA 0.05%
    • Keurig Dr Pepper Inc 0.05%
    • Koninklijke Ahold Delhaize Nv 0.05%
    • Asian Paints Ltd 0.04%
    • International Flavors & Fragrances 0.04%
    • Koninkilijke Dsm Nv 0.04%
    • Ajinomoto Inc 0.03%
    • Clorox 0.03%
    • Essity Class B 0.03%
    • Hanwha Solutions Corp 0.03%
    • Kao Corp 0.03%
    • Kellogg 0.03%
    • Kerry Group PLC 0.03%
    • Sgs SA 0.03%
    • Akzo Nobel Nv 0.02%
    • Beiersdorf AG 0.02%
    • Burberry Group PLC 0.02%
    • Croda International PLC 0.02%
    • George Weston Ltd 0.02%
    • Henkel & Kgaa Pref AG 0.02%
    • Hormel Foods Corp 0.02%
    • Nestle India Ltd 0.02%
    • Novozymes B 0.02%
    • Sk Innovation Ltd 0.02%
    • Associated British Foods PLC 0.01%
    • Henkel AG 0.01%
    • Intertek Group PLC 0.01%
    • Kikkoman Corp 0.01%
    • Lg H & H Ltd 0.01%
    • Mitsubishi Chemical Group Corp 0.01%
    • Mowi 0.01%
    • Umicore SA 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

RetirementPlus Age 50 is a representation of the RetirementPlus life cycle. This investment option invests 50% in the Aurora Growth Fund and 50% in the Aurora Future Focused Fund.

Value $34M NZD
Period of data report 31st Dec. 2022
Members 1,198
Fund started 1st Sept. 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

Simon Rolland

Currently: CEO & Director, Aurora Capital (1 years, 8 months)
Previously: CEO & Director, Aurora Financial (6 years, 0 months)

Sean Henaghan

Currently: CIO & Director, Aurora Capital (1 years, 8 months)
Previously: CIO & Director, Multi-Asset Group, AMP Capital (5 years, 0 months)

Ian Coates

Currently: General Manager, Aurora Capital (0 years, 10 months)
Previously: Head of KiwiSaver, Aurora Financial (2 years, 0 months)

Thomas Mcrobie

Currently: Investment Analyst, Aurora Capital (1 years, 8 months)
Previously: Financial adviser, Aurora Financial (2 years, 1 months)

George Steele

Currently: Operations Lead (0 years, 9 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 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 0.89%
Animal Cruelty 6.84%
Fossil Fuels 2.16%
Gambling 0.00%
GMOs 0.00%
Human Rights & Environmental Violations 1.83%
Palm Oil 0.01%
Tobacco 0.00%
Weapons 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. 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

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

  • Mint Diversified Growth Fund
    New Zealand Fund
    49.73%
  • Ishares Msci World SRI-USD-D
    United States International Equities
    19.75%
  • Ishares USD Tips Ucits ETF (Acc)
    United States Int Fixed Interest
    7.5%
  • Ishares Global Green Bond ETF
    United States Int Fixed Interest
    5.73%
  • Ishares Global Water Ucits ETF USD (Dist)
    United States International Equities
    3.34%
  • Ishares Global Clean Energy
    United States International Equities
    3.32%
  • Ishares Sust Msci Em SRI
    United States International Equities
    3.31%
  • Ishares Global Timber & Forestry ETF
    United States International Equities
    3.31%
  • Ishares Global Govt Bond Ucits ETF
    United States International Equities
    2.21%
  • Cash At Bank (BNZ)
    New Zealand Cash and Equivalents AA-
    1.06%
Type Target Actual
Cash and Cash Equivalents 2.5% 5.37%
New Zealand Fixed Interest 7.5% 5.82%
International Fixed Interest 15.0% 13.35%
Australasian Equities 7.5% 7.32%
International Equities 65.0% 65.52%
Listed Properties 2.5% 2.39%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.23%
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.