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 0.24%
    • Johnson & Johnson 0.08%
    • Nestle SA-Reg 0.08%
    • Thermo Fisher Scientific Inc 0.04%
    • Caterpillar Inc 0.03%
    • Rio Tinto Ltd 0.03%
    • Ubs Group AG-Reg 0.03%
    • Wells Fargo & Co 0.03%
    • Raytheon Technologies Corp 0.02%
    • Uber Technologies Inc 0.02%
    • Glencore PLC 0.01%
    • Lockheed Martin Corp 0.01%
    • Rio Tinto PLC-Spon Adr 0.01%
    • BHP Group Ltd 0.18% !!
      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 0.06% !!
      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
    • Duke Energy Corp 0.05%
    • Pg&E Corp 0.02%
    • Glencore PLC 0.01%
    • Exxon Mobil Corporation 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
    • Procter & Gamble Co/The 0.08%
    • 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 0.06% !!
      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
    • LVMH Moet Hennessy Vuitt 0.06%
    • Unilever PLC 0.04%
    • Hermes International 0.03%
    • Reliance Industries 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
    • Shin-Etsu Chemical Co Ltd 0.03%
    • LVMH Moet Hennessy Louis Vui 0.02%
    • Orica Ltd 0.02%
    • Philip Morris International 0.02%
    • Air Liquide SA 0.01%
    • British American Tobacco Holdings (The Netherlands) Bv 0.01%
    • L'Oreal 0.01%
    • Walmart Inc 0.05%
    • Airbus Se 0.03%
    • Honeywell International Inc 0.02%
    • Raytheon Technologies Corp 0.02%
    • Amphenol Corp 0.01%
    • Boeing Co/The 0.01%
    • Lockheed Martin Corp 0.01%
    • Safran SA 0.01%
    • Transdigm Group Inc 0.01%
    • Genesis Energy Ltd 0.26%
    • Contact Energy Ltd 0.19% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.18% !!
      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
    • Exxon Mobil Corporation 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
    • Nextera Energy Inc 0.10%
    • Channel Infrastruct NZ 0.08%
    • 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 0.06% !!
      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
    • Duke Energy Corp 0.05%
    • Southern Co/The 0.05%
    • Enbridge 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
    • Mitsubishi 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
    • 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
    • Woodside Energy Group 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
    • American Electric Power 0.03%
    • 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
    • Dominion Energy Inc 0.03%
    • National Grid 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
    • Reliance Industries 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
    • Rio Tinto Ltd 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
    • 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
    • Ampol Ltd 0.02%
    • Cheniere Energy 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
    • Conocophillips 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
    • Consolidated Edison Inc 0.02%
    • Kinder Morgan 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
    • 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
    • Oneok Inc 0.02%
    • Orica Ltd 0.02%
    • Pg&E Corp 0.02%
    • Public Service Enterpris 0.02%
    • Tc Energy 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
    • Vopak 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
    • Washington H. Soul Pattinson 0.02%
    • Wec Energy Group Inc 0.02%
    • Xcel Energy Inc 0.02%
    • Agl Energy Ltd 0.01%
    • Ameren Corporation 0.01%
    • Atmos Energy Corp 0.01%
    • Centerpoint Energy Inc 0.01%
    • Channel Infrastructure NZ Lt 0.01%
    • Cms Energy Corp 0.01%
    • Entergy Corp 0.01%
    • Firstenergy Corp 0.01%
    • Fortis 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
    • Glencore PLC 0.01%
    • Iberdrola SA 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Itochu 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
    • 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
    • Ppl Corp 0.01%
    • Rio Tinto PLC-Spon Adr 0.01%
    • 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
    • South32 Ltd 0.01%
    • Targa Resources Corp 0.01%
    • Total SA 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 2024 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 $26.0M NZD
Period of data report 30th June 2024
Members 630
Fund started 15th Nov. 2010
Total annual fund fees 0.57%
Total performance based fees 0.0%
Manager's basic fee 0.56%
Other management and administration charges 0.01%
Total other charges 30.0
Total other charges currency NZD

Guy Roulston Elliffe

Currently: Director (8 years, 7 months)
Previously: Corporate Governance Manager - ACC (current position) (9 years, 2 months)

Stuart Kenneth Reginald Millar

Currently: Chief Investment Officer - Smartshares (5 years, 1 months)
Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)

Anna Lennie Scott

Currently: Chief Executive Officer - Smartshares (0 years, 9 months)
Previously: Chief Operating Officer and Director - Hobson Wealth (5 years, 2 months)

Alister John Williams

Currently: Director (8 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 2024.

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
2024 6.55% 7.37%
2023 -1.85% -3.5%
2022 -0.74% 0.24%
2021 8.94% 12.76%
2020 0.61% -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%

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 2024.

Top 10 Investments

  • Ishares Core Global Aggregate Bond Ucits ETF
    Ireland Int Fixed Interest
    19.35%
  • Vanguard Total World Stock ETF
    United States International Equities
    7.26%
  • Vanguard S&P 500 ETF
    United States International Equities
    2.34%
  • Vanguard FTSE Europe ETF
    United States International Equities
    2.14%
  • Vanguard International Credit Securities Index Fund (Hedged)
    Australia Int Fixed Interest
    1.73%
  • Ishares Core FTSE Global Infrastructure (AUD Hedged) ETF
    Australia Other
    1.57%
  • NZD Cash Account (ANZ Bank)
    New Zealand Cash and Equivalents AA-
    1.55%
  • Vanguard FTSE Emerging Markets ETF
    United States International Equities
    1.46%
  • Vanguard FTSE Pacific ETF
    United States International Equities
    1.4%
  • New Zealand Government 3.50% 14/04/2033
    New Zealand NZ Fixed Interest AAA
    1.25%
Type Target Actual
Cash and Cash Equivalents 14.0% 14.39%
New Zealand Fixed Interest 21.0% 20.88%
International Fixed Interest 35.0% 35.27%
Australasian Equities 5.0% 4.94%
International Equities 22.0% 21.45%
Listed Properties 1.5% 1.52%
Unlisted Properties 0.0% 0.0%
Other 1.5% 1.57%
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 2024.