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

    • Meta Platforms Inc-Class A 0.14%
    • Johnson & Johnson 0.12%
    • Credit Suisse Group AG 0.08%
    • Wells Fargo & Co 0.07%
    • Thermo Fisher Scientific Inc 0.05%
    • Raytheon Technologies Corp 0.04%
    • Rio Tinto Ltd 0.04%
    • Caterpillar Inc 0.03%
    • Glencore PLC 0.02%
    • Motorola Solutions Inc 0.02%
    • Rio Tinto PLC 0.02%
    • Activision Blizzard Inc 0.01%
    • Credit Suisse AG 0.01%
    • Credit Suisse Group AG-Reg 0.01%
    • Credit Suisse New York 0.01%
    • Uber Technologies Inc 0.01%
    • Wells Fargo & Company 0.01%
    • BHP Group Ltd 0.19% !!
      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 PLC 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
    • Duke Energy Corp 0.07%
    • Pg&E Corp 0.03%
    • Bayer AG-Reg 0.02%
    • Corteva Inc 0.02%
    • Freeport-Mcmoran Inc 0.02%
    • Glencore PLC 0.02%
    • Newcrest Mining Ltd 0.02%
    • Vale SA 0.02%
    • Archer-Daniels-Midland Co 0.01%
    • Basf Se 0.01%
    • Exxon Mobil Corp 0.12% !!
      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 0.10%
    • Shell PLC 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
    • Chevron Corp 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
    • LVMH Moet Hennessy Vuitt 0.07%
    • Unilever PLC 0.05%
    • Philip Morris International 0.04%
    • Reliance Industries Ltd 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
    • Air Liquide SA 0.03%
    • Hermes International 0.03%
    • L'Oreal 0.03%
    • 3M Co 0.02%
    • Altria Group Inc 0.02%
    • Bayer AG-Reg 0.02%
    • British American Tobacco Holdings (The Netherlands) Bv 0.02%
    • Colgate-Palmolive Co 0.02%
    • Corteva Inc 0.02%
    • Kering 0.02%
    • LVMH Moet Hennessy Louis Vui 0.02%
    • Shin-Etsu Chemical Co Ltd 0.02%
    • Basf Se 0.01%
    • Dow Inc 0.01%
    • Ecolab Inc 0.01%
    • Estee Lauder Companies-Cl A 0.01%
    • Givaudan-Reg 0.01%
    • Hindustan Unilever Ltd 0.01%
    • Intl Flavors & Fragrances 0.01%
    • Kimberly-Clark Corp 0.01%
    • Koninklijke Ahold Delhaize N 0.01%
    • Orica Ltd 0.01%
    • Sherwin-Williams Co/The 0.01%
    • Walmart Inc 0.06%
    • Boeing Co/The 0.04%
    • Raytheon Technologies Corp 0.04%
    • Honeywell International Inc 0.03%
    • Lockheed Martin Corp. 0.03%
    • Airbus Se 0.02%
    • Amphenol Corp 0.02%
    • Northrop Grumman Corp 0.02%
    • Safran SA 0.02%
    • Bae Systems PLC 0.01%
    • General Dynamics Corp. 0.01%
    • Genesis Energy Ltd 0.38%
    • Contact Energy Ltd 0.20% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.19% !!
      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 Inc 0.13%
    • Exxon Mobil Corp 0.12% !!
      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 PLC 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
    • Chevron Corp 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
    • Duke Energy Corp 0.07%
    • Southern Co/The 0.07%
    • Enbridge Inc 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
    • National Grid 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
    • Woodside Energy Group Ltd 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
    • American Electric Power 0.04%
    • Cheniere Energy 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
    • Consolidated Edison Inc 0.04%
    • Dominion Energy Inc 0.04%
    • Reliance Industries Ltd 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
    • Sempra Energy 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
    • Totalenergies Se 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
    • BP PLC 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
    • Conocophillips 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
    • Iberdrola SA 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Kinder Morgan Inc 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
    • Oneok Inc 0.03%
    • Pg&E Corp 0.03%
    • Public Service Enterpris 0.03%
    • Tc Energy Corp 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%
    • Williams Cos Inc 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
    • Xcel Energy Inc 0.03%
    • Ameren Corp 0.02%
    • Atmos Energy Corp 0.02%
    • Cms Energy Corp 0.02%
    • Enel Spa 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Entergy Corp 0.02%
    • Eog Resources Inc 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
    • Fortis Inc 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
    • Glencore PLC 0.02%
    • Hess Corp 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
    • Itochu Corp 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
    • Mitsubishi Corp 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
    • Mitsui & Co Ltd 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
    • Petroleo Brasileiro-Spon Adr 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
    • Ppl Corp 0.02%
    • Saudi Arabian Oil Co 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
    • Targa Resources Corp 0.02%
    • Vale SA 0.02%
    • Agl Energy Ltd 0.01%
    • Alliant Energy Corp 0.01%
    • Ampol Ltd 0.01%
    • Clp Holdings Ltd 0.01%
    • Constellation Energy 0.01%
    • Devon Energy Corp 0.01% !!
      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
    • Diamondback Energy Inc 0.01% !!
      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
    • Equinor Asa-Spon Adr 0.01% !!
      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
    • Evergy Inc 0.01%
    • Halliburton Co 0.01%
    • Marathon Petroleum Corp 0.01%
    • Nisource Inc 0.01%
    • Occidental Petroleum Cor 0.01% !!
      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
    • Orica Ltd 0.01%
    • Pembina Pipeline Corp 0.01% !!
      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
    • Pioneer Natural Resource 0.01% !!
      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 Ltd 0.01% !!
      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 0.01% !!
      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
    • South32 Ltd 0.01%
    • Total SA 0.01%
    • Valero Energy Corp 0.01%
    • Washington H. Soul Pattinson 0.01%
    • Whitehaven Coal Ltd 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 31st March 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

Invests mostly in income assets and is designed for investors that want a conservative investment option. Negative annual returns may occur once in every 7-10 years on average.

Value $27M NZD
Period of data report 30th June 2023
Members 706
Fund started 15th Nov. 2010
Total annual fund fees 0.57%
Total performance based fees 0.0%
Manager's basic fee 0.55%
Other management and administration charges 0.02%
Total other charges 30.0
Total other charges currency NZD

Guy Roulston Elliffe

Currently: Director (7 years, 7 months)
Previously: Corporate Governance Manager - ACC (current position) (8 years, 2 months)

Stuart Kenneth Reginald Millar

Currently: Chief Investment Officer - Smartshares (4 years, 1 months)
Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)

Graham Nicholas Stewart Law

Currently: Director (1 years, 6 months)
Previously: Chief Financial and Corporate Officer - NZX (current position) (5 years, 6 months)

Alister John Williams

Currently: Director (7 years, 7 months)
Previously: Investment Manager - Trust Management (5 years, 4 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th June 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 -1.85% -3.5%
2022 -0.58% 0.24%
2021 8.94% 12.76%
2020 0.45% -2.63%
2019 4.19% 5.67%
2018 3.58% 3.27%
2017 4.10% 5.91%
2016 3.52% 3.98%
2015 8.10% 8.31%
2014 3.88% 1.91%

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 June 2023.

Top 10 Investments

  • Ishares Core Global Aggregate Bond Ucits ETF
    Ireland Int Fixed Interest
    21.77%
  • Vanguard Total World Stock ETF
    United States International Equities
    9.24%
  • Vanguard S&P 500 ETF
    United States International Equities
    2.49%
  • Vanguard FTSE Europe ETF
    United States International Equities
    1.92%
  • New Zealand Government 0.50% 15/05/24
    New Zealand NZ Fixed Interest AAA
    1.82%
  • Vanguard FTSE Emerging Markets ETF
    United States International Equities
    1.68%
  • New Zealand Government 4.50% 15/04/2027
    New Zealand NZ Fixed Interest AAA
    1.46%
  • New Zealand Government 2.75% 15/04/2025
    New Zealand NZ Fixed Interest AAA
    1.35%
  • Vanguard FTSE Pacific ETF
    United States International Equities
    1.31%
  • New Zealand Government 3.00% 20/04/2029
    New Zealand NZ Fixed Interest AAA
    1.18%
Type Target Actual
Cash and Cash Equivalents 14.0% 13.19178%
New Zealand Fixed Interest 27.0% 27.32453%
International Fixed Interest 29.0% 28.84562%
Australasian Equities 5.0% 4.902612%
International Equities 22.0% 22.73825%
Listed Properties 1.5% 1.478978%
Unlisted Properties 0.0% 0.0%
Other 1.5% 1.518231%
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 June 2023.