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 0.40%
    • Nestle SA-Reg 0.15%
    • Johnson & Johnson 0.14%
    • Rio Tinto Ltd 0.08%
    • Thermo Fisher Scientific Inc 0.08%
    • Wells Fargo & Co 0.08%
    • Ubs Group AG-Reg 0.07%
    • Caterpillar Inc 0.06%
    • Uber Technologies Inc 0.05%
    • Raytheon Technologies Corp 0.04%
    • Rio Tinto PLC-Spon Adr 0.04%
    • Glencore PLC 0.03%
    • Lockheed Martin Corp 0.03%
    • Motorola Solutions Inc 0.02%
    • Palantir Technologies Inc-A 0.02%
    • BHP Group Ltd 0.39% !!
      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 0.15% !!
      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 0.11%
    • Chevron Corp 0.09% !!
      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
    • Pg&E Corp 0.06%
    • Glencore PLC 0.03%
    • Basf Se 0.02%
    • Vale SA 0.02%
    • Archer-Daniels-Midland Co 0.01%
    • Bayer AG-Reg 0.01%
    • Corteva Inc 0.01%
    • Tokyo Electric Power Company 0.01%
    • Exxon Mobil Corporation 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 0.15% !!
      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 0.13%
    • LVMH Moet Hennessy Vuitt 0.12%
    • Chevron Corp 0.09% !!
      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 0.07% !!
      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
    • Shin-Etsu Chemical Co Ltd 0.07%
    • Unilever PLC 0.07%
    • Air Liquide SA 0.06%
    • Hermes International 0.06%
    • L'Oreal 0.05%
    • Philip Morris International 0.05%
    • LVMH Moet Hennessy Louis Vui 0.04%
    • British American Tobacco Holdings (The Netherlands) Bv 0.03%
    • Orica Ltd 0.03%
    • Altria Group Inc 0.02%
    • Basf Se 0.02%
    • Colgate-Palmolive Co 0.02%
    • L'Oreal SA 0.02%
    • Sherwin-Williams Co/The 0.02%
    • Bayer AG-Reg 0.01%
    • Corteva Inc 0.01%
    • Dupont De Nemours Inc 0.01%
    • Eni 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
    • Givaudan-Reg 0.01%
    • Kering 0.01%
    • Koninklijke Ahold Delhaize N 0.01%
    • PPG Industries Inc 0.01%
    • Walmart Inc 0.10%
    • Airbus Se 0.06%
    • Boeing Co/The 0.04%
    • Honeywell International Inc 0.04%
    • Raytheon Technologies Corp 0.04%
    • Safran SA 0.04%
    • Amphenol Corp 0.03%
    • Daikin Industries Ltd 0.03%
    • Lockheed Martin Corp 0.03%
    • Bae Systems PLC 0.02%
    • Rolls-Royce Holdings PLC 0.02%
    • Transdigm Group Inc 0.02%
    • Howmet Aerospace Inc 0.01%
    • L3Harris Technologies Inc 0.01%
    • Larsen & Toubro Ltd 0.01%
    • Rheinmetall AG 0.01%
    • Contact Energy Ltd 0.55% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.39% !!
      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
    • Genesis Energy Ltd 0.24%
    • Nextera Energy Inc 0.20%
    • Exxon Mobil Corporation 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 0.15% !!
      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 0.11%
    • Southern Co/The 0.11%
    • Chevron Corp 0.09% !!
      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 0.09% !!
      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
    • Enbridge Inc 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
    • National Grid 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
    • Rio Tinto Ltd 0.08%
    • Totalenergies Se 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
    • Mitsubishi 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
    • Reliance Industries Ltd 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
    • BP PLC 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
    • Oneok Inc 0.06%
    • Pg&E Corp 0.06%
    • American Electric Power 0.05%
    • Channel Infrastruct NZ 0.05%
    • Cheniere Energy Inc 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
    • Conocophillips 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
    • Consolidated Edison Inc 0.05%
    • Dominion Energy Inc 0.05%
    • Iberdrola SA 0.05% 1.5°C
      This company is on a 1.5°C pathway
    • Mitsui & Co 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
    • Public Service Enterpris 0.05%
    • Sempra Energy 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
    • Xcel Energy Inc 0.05%
    • Ampol Ltd 0.04%
    • Itochu 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
    • Rio Tinto PLC-Spon Adr 0.04%
    • Tc Energy 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
    • Washington H. Soul Pattinson 0.04%
    • Wec Energy Group Inc 0.04%
    • Williams Cos 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
    • Channel Infrastructure NZ Lt 0.03%
    • Enel Spa 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Entergy Corp 0.03%
    • Glencore PLC 0.03%
    • 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
    • Orica Ltd 0.03%
    • Santos 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
    • Targa Resources Corp 0.03%
    • Total SA 0.03%
    • Vopak 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
    • Whitehaven Coal Ltd 0.03%
    • Agl Energy Ltd 0.02%
    • Ameren Corporation 0.02%
    • Atmos Energy Corp 0.02%
    • Centerpoint Energy Inc 0.02%
    • Clp Holdings Ltd 0.02%
    • Cms Energy Corp 0.02%
    • Constellation Energy 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
    • Firstenergy Corp 0.02%
    • 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
    • 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
    • Marathon Petroleum Corp 0.02%
    • Marubeni 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
    • Pembina Pipeline 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
    • Ppl Corp 0.02%
    • South32 Ltd 0.02%
    • Sumitomo 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
    • Vale SA 0.02%
    • Alliant Energy Corp 0.01%
    • Apa Group 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
    • Centrica PLC 0.01%
    • Chubu Electric Power Co Inc 0.01%
    • Dassault Systemes Se 0.01%
    • Delta Air Lines Inc 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
    • E.On Se 0.01%
    • Emera Inc 0.01%
    • Eni 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
    • Evergy Inc 0.01%
    • Halliburton Co 0.01%
    • Hong Kong & China Gas 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
    • Kansai Electric Power Co Inc 0.01%
    • Nisource Inc 0.01%
    • Origin Energy 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
    • Osaka Gas Co 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
    • Petrobras - Petroleo Bras 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
    • Petrobras - Petroleo Bras-Pr 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
    • Viva Energy Group 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

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 in a mix of income and growth assets and is designed for investors that want a balanced investment option. Negative annual returns may occur once in every 5-7 years on average.

Value $70.5M NZD
Period of data report 31st March 2024
Members 1,347
Fund started 23rd Feb. 2009
Total annual fund fees 0.6%
Total performance based fees 0.0%
Manager's basic fee 0.58%
Other management and administration charges 0.02%
Total other charges 30.0
Total other charges currency NZD

Guy Roulston Elliffe

Currently: Director (8 years, 4 months)
Previously: Corporate Governance Manager - ACC (current position) (8 years, 11 months)

Stuart Kenneth Reginald Millar

Currently: Chief Investment Officer - Smartshares (4 years, 10 months)
Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)

Anna Lennie Scott

Currently: Chief Executive Officer - Smartshares (0 years, 6 months)
Previously: Chief Operating Officer and Director - Hobson Wealth (5 years, 2 months)

Alister John Williams

Currently: Director (8 years, 4 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 March 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 10.71% 11.25%
2023 -2.79% -4.37%
2022 1.34% 2.46%
2021 17.98% 23.45%
2020 -1.40% -6.18%
2019 5.81% 6.72%
2018 5.28% 3.93%
2017 5.86% 9.06%
2016 4.01% 5.05%
2015 11.09% 9.91%

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 31st March 2024.

Top 10 Investments

  • Ishares Core Global Aggregate Bond Ucits ETF
    Ireland Int Fixed Interest
    10.67%
  • Vanguard Total World Stock ETF
    United States International Equities
    10.44%
  • Vanguard S&P 500 ETF
    United States International Equities
    5.33%
  • Vanguard FTSE Europe ETF
    United States International Equities
    5.22%
  • Vanguard FTSE Pacific ETF
    United States International Equities
    3.29%
  • Vanguard FTSE Emerging Markets ETF
    United States International Equities
    3.01%
  • Vanguard Mid-Cap ETF
    United States International Equities
    2.83%
  • Ishares Core FTSE Global Infrastructure (AUD Hedged) ETF
    Australia Other
    2.68%
  • Vanguard Small-Cap ETF
    United States International Equities
    2.47%
  • NZD Cash Account (ANZ Bank)
    New Zealand Cash and Equivalents
    2.19%
Type Target Actual
Cash and Cash Equivalents 8.0% 7.859646%
New Zealand Fixed Interest 12.0% 11.674266%
International Fixed Interest 20.0% 19.414252%
Australasian Equities 14.0% 13.614089%
International Equities 40.0% 42.504134%
Listed Properties 3.0% 2.25064%
Unlisted Properties 0.0% 0.0%
Other 3.0% 2.682973%
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 March 2024.