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

    • Genesis Energy Ltd 5.00% 3/04/2025 0.41%
    • Contact Energy 07/11/22 Promissory Note 0.33%
    • Genesis Energy Ltd 251122 Pnote 0.21%
    • Contact Energy Ltd 0.19%
    • Nextera Energy Inc. 0.12%
    • BHP Group Ltd 0.12%
    • Contact Energy Ltd 5.82% 11/04/2028 0.11%
    • Exxon Mobil Corp. 0.08%
    • Contact Energy Ltd 3.55% 15/08/2024 0.07%
    • Chevron Corp. 0.06%
    • Shell PLC 0.06%
    • Duke Energy Corp. 0.05%
    • Enbridge Inc. 0.05%
    • Genesis Energy Ltd 0.05%
    • Southern Co. 0.05%
    • Dominion Energy Inc. 0.04%
    • Genesis Energy Ltd 5.81% 8/03/2023 0.04%
    • Woodside Energy Group Ltd 0.04%
    • American Electric Power Co. Inc. 0.03%
    • BHP Group Ltd. 0.03%
    • Cheniere Energy Inc. 0.03%
    • National Grid PLC 0.03%
    • Reliance Industries Ltd. 0.03%
    • Sempra Energy 0.03%
    • Tc Energy Corp. 0.03%
    • Totalenergies Se 0.03%
    • BP PLC 0.02%
    • Consolidated Edison Inc. 0.02%
    • Kinder Morgan Inc. 0.02%
    • Oneok Inc. 0.02%
    • Public Service Enterprise Group Inc. 0.02%
    • Vale SA 0.02%
    • Wec Energy Group Inc. 0.02%
    • Whitehaven Coal Ltd 0.02%
    • Williams Cos. Inc. 0.02%
    • Xcel Energy Inc. 0.02%
    • Agl Energy Ltd 0.01%
    • Ameren Corp. 0.01%
    • Ampol Ltd 0.01%
    • Cms Energy Corp. 0.01%
    • Conocophillips 0.01%
    • Entergy Corp. 0.01%
    • Fortis Inc./Canada 0.01%
    • Glencore PLC 0.01%
    • Iberdrola SA 0.01%
    • Pembina Pipeline Corp. 0.01%
    • Pg&E Corp. 0.01%
    • Ppl Corp. 0.01%
    • Santos Ltd 0.01%
    • South32 Ltd 0.01%
    • Washington H Soul Pattinson & Co Ltd 0.01%
    • Walmart Inc. 0.03%
    • Honeywell International Inc. 0.01%
    • Raytheon Technologies Corp. 0.01%
    • British American Tobacco PLC 0.01%
    • Philip Morris International Inc. 0.01%
    • Skycity Entertainment Group Ltd 0.07%
    • Aristocrat Leisure Ltd 0.01%
    • Diageo PLC 0.02%
    • Metcash Ltd 0.01%
    • BHP Group Ltd 0.12%
    • Nestle SA 0.10%
    • Johnson & Johnson 0.09%
    • Chevron Corp. 0.06%
    • Meta Platforms Inc. 0.06%
    • Shell PLC 0.06%
    • Duke Energy Corp. 0.04%
    • BHP Group Ltd. 0.03%
    • Credit Suisse Group AG 4.55% 17/04/2026 0.03%
    • Thermo Fisher Scientific Inc. 0.03%
    • Credit Suisse Group AG 4.207% 12/06/2024 0.02%
    • Credit Suisse Group AG 6.537% 12/08/2033 0.02%
    • Credit Suisse New York 3.70% 21/02/2025 0.02%
    • Rio Tinto Ltd 0.02%
    • Vale SA 0.02%
    • Wells Fargo & Co. 0.02%
    • Wells Fargo & Company 3.526% 24/03/2028 0.02%
    • Credit Suisse Group AG 1.00% 24/06/2027 0.01%
    • Credit Suisse Group AG 6.375% #N/A Field Not Applicable 0.01%
    • Glencore PLC 0.01%
    • Pg&E Corp. 0.01%
    • Raytheon Technologies Corp. 0.01%
    • Rio Tinto PLC 0.01%
    • Wells Fargo & Company 3.908% 25/04/2026 0.01%
    • Wells Fargo & Company 4.036% 31/10/2023 0.01%
    • Nestle SA 0.10%
    • Exxon Mobil Corp. 0.09%
    • Chevron Corp. 0.06%
    • Procter & Gamble Co. 0.06%
    • Shell PLC 0.06%
    • Coca-Cola Co. 0.05%
    • Pepsico Inc. 0.05%
    • LVMH Moet Hennessy Louis Vuitton Se 0.04%
    • Reliance Industries Ltd. 0.03%
    • Unilever PLC 0.02%
    • British American Tobacco PLC 0.01%
    • Honeywell International Inc. 0.01%
    • L'Oreal SA 0.01%
    • LVMH 0.01%
    • Orica Ltd 0.01%
    • Philip Morris International Inc. 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

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 $26M NZD
Period of data report 31st Dec. 2022
Members 717
Fund started 15th Nov. 2010
Total annual fund fees 0.57%
Total performance based fees 0.0%
Manager's basic fee 0.57%
Other management and administration charges 0.0%
Total other charges 30.0
Total other charges currency NZD

Guy Roulston Elliffe

Currently: Director (7 years, 1 months)
Previously: Corporate Governance Manager - ACC (current position) (7 years, 8 months)

Stuart Kenneth Reginald Millar

Currently: Chief Investment Officer - Smartshares (3 years, 7 months)
Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)

Hugh Duncan Stevens

Currently: Chief Executive Officer - Smartshares (4 years, 10 months)
Previously: Chief Operating Officer - Implemented Investment Solutions Ltd (2 years, 6 months)

Alister John Williams

Currently: Director (7 years, 1 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 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 0.01%
Alcohol 0.16%
Animal Cruelty 1.60%
Fossil Fuels 3.89%
Gambling 0.14%
GMOs 0.02%
Human Rights & Environmental Violations 1.35%
Palm Oil 0.01%
Tobacco 0.10%
Weapons 0.35%

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
2022 -0.92% 0.24%
2021 8.73% 12.76%
2020 1.42% -2.63%
2019 4.58% 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%
2013 6.92% 8.71%

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

  • Ishares Core Global Aggregate Bond Ucits ETF
    Ireland Int Fixed Interest
    19.98%
  • Vanguard Total World Stock ETF
    United States International Equities
    9.32%
  • New Zealand Government 0.50% 15/05/2024
    New Zealand NZ Fixed Interest AAA
    2.36%
  • Vanguard S&P 500 ETF
    United States International Equities
    2.11%
  • Vanguard FTSE Emerging Markets ETF
    United States International Equities
    1.85%
  • Vanguard FTSE Europe ETF
    United States International Equities
    1.79%
  • ANZ NZD Current Account
    New Zealand Cash and Equivalents AA-
    1.74%
  • Treasury Bill 0.00% 2/03/2023
    United States Int Fixed Interest AAA
    1.44%
  • New Zealand Government 2.75% 15/04/2025
    New Zealand NZ Fixed Interest AAA
    1.42%
  • New Zealand Government 4.50% 15/04/2027
    New Zealand NZ Fixed Interest AAA
    1.42%
Type Target Actual
Cash and Cash Equivalents 5.0% 13.596769%
New Zealand Fixed Interest 14.0% 27.206332%
International Fixed Interest 0.0% 28.946537%
Australasian Equities 22.0% 5.184574%
International Equities 29.0% 21.610779%
Listed Properties 1.5% 2.06078%
Unlisted Properties 27.0% 0.0%
Other 0.0% 1.394229%
Commodities 1.5% 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.