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 0.57%
    • Johnson & Johnson 0.20%
    • Nestle SA-Reg 0.18%
    • Thermo Fisher Scientific Inc 0.12%
    • Rio Tinto Ltd 0.11%
    • Wells Fargo & Co 0.11%
    • Caterpillar Inc 0.09%
    • Ubs Group AG-Reg 0.08%
    • Uber Technologies Inc 0.07%
    • Raytheon Technologies Corp 0.06%
    • Rio Tinto PLC-Spon Adr 0.06%
    • Lockheed Martin Corp 0.05%
    • Glencore PLC 0.04%
    • Motorola Solutions Inc 0.04%
    • Palantir Technologies Inc-A 0.03%
    • BHP Group Ltd 0.57% !!
      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 0.17% !!
      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 0.16%
    • Chevron Corp 0.13% !!
      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 0.08%
    • Glencore PLC 0.04%
    • Basf Se 0.03%
    • Freeport-Mcmoran Inc 0.03%
    • Vale SA 0.03%
    • 3M Co 0.02%
    • Corteva Inc 0.02%
    • Tokyo Electric Power Company 0.02%
    • Archer-Daniels-Midland Co 0.01%
    • Bayer AG-Reg 0.01%
    • Exxon Mobil Corporation 0.24% !!
      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 0.18%
    • Shell PLC 0.17% !!
      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 0.15%
    • Chevron Corp 0.13% !!
      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 0.08%
    • Reliance Industries Ltd 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
    • Unilever PLC 0.08%
    • Hermes International 0.07%
    • L'Oreal 0.07%
    • Philip Morris International 0.07%
    • Shin-Etsu Chemical Co Ltd 0.07%
    • British American Tobacco Holdings (The Netherlands) Bv 0.04%
    • LVMH Moet Hennessy Louis Vui 0.04%
    • Orica Ltd 0.04%
    • Altria Group Inc 0.03%
    • Basf Se 0.03%
    • Colgate-Palmolive Co 0.03%
    • Sherwin-Williams Co/The 0.03%
    • 3M Co 0.02%
    • Corteva Inc 0.02%
    • Ecolab Inc 0.02%
    • L'Oreal SA 0.02%
    • Bayer AG-Reg 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 0.14%
    • Airbus Se 0.07%
    • Honeywell International Inc 0.06%
    • Raytheon Technologies Corp 0.06%
    • Amphenol Corp 0.05%
    • Boeing Co/The 0.05%
    • Lockheed Martin Corp 0.05%
    • Safran SA 0.05%
    • Transdigm Group Inc 0.05%
    • Bae Systems PLC 0.03%
    • General Dynamics Corp. 0.03%
    • Northrop Grumman Corp 0.03%
    • Rolls-Royce Holdings PLC 0.03%
    • Brookfield Corp 0.02%
    • Daikin Industries Ltd 0.02%
    • L3Harris Technologies Inc 0.02%
    • Howmet Aerospace Inc 0.01%
    • Larsen & Toubro Ltd 0.01%
    • Rheinmetall AG 0.01%
    • Contact Energy Ltd 0.71% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.57% !!
      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 0.29%
    • Exxon Mobil Corporation 0.24% !!
      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 0.20%
    • Shell PLC 0.17% !!
      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
    • Southern Co/The 0.17%
    • Duke Energy Corp 0.16%
    • Woodside Energy Group Ltd 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
    • Chevron Corp 0.13% !!
      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 0.13% !!
      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 0.12% !!
      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
    • Rio Tinto Ltd 0.11%
    • American Electric Power 0.09%
    • Oneok Inc 0.09%
    • Sempra Energy 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
    • Totalenergies Se 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
    • Dominion Energy Inc 0.08%
    • Pg&E Corp 0.08%
    • Reliance Industries Ltd 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
    • Williams Cos 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
    • BP PLC 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
    • Cheniere Energy Inc 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
    • Conocophillips 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
    • Consolidated Edison Inc 0.07%
    • 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
    • Public Service Enterpris 0.07%
    • Iberdrola SA 0.06% 1.5°C
      This company is on a 1.5°C pathway
    • Mitsui & Co Ltd 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
    • Rio Tinto PLC-Spon Adr 0.06%
    • Tc Energy 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
    • Xcel Energy Inc 0.06%
    • Ampol Ltd 0.05%
    • Itochu Corp 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
    • Kinder Morgan 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
    • Santos 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
    • Targa Resources Corp 0.05%
    • Vopak 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
    • Wec Energy Group Inc 0.05%
    • Channel Infrastructure NZ Lt 0.04%
    • Constellation Energy 0.04%
    • Enel Spa 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Entergy Corp 0.04%
    • Firstenergy Corp 0.04%
    • Glencore PLC 0.04%
    • Orica Ltd 0.04%
    • Washington H. Soul Pattinson 0.04%
    • Ameren Corporation 0.03%
    • Apa Group 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
    • Atmos Energy Corp 0.03%
    • Centerpoint Energy Inc 0.03%
    • Cms Energy Corp 0.03%
    • Eog Resources 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
    • Fortis 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
    • Marathon Petroleum Corp 0.03%
    • Pembina Pipeline 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
    • Phillips 66 0.03%
    • Ppl Corp 0.03%
    • South32 Ltd 0.03%
    • Total SA 0.03%
    • Vale SA 0.03%
    • Whitehaven Coal Ltd 0.03%
    • Agl Energy Ltd 0.02%
    • Alliant Energy Corp 0.02%
    • Channel Infrastruct NZ 0.02%
    • Chubu Electric Power Co Inc 0.02%
    • Clp Holdings Ltd 0.02%
    • Emera Inc 0.02%
    • Evergy Inc 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
    • Kansai Electric Power Co Inc 0.02%
    • Nisource Inc 0.02%
    • Origin Energy 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
    • Osaka Gas 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
    • Pioneer Natural Resources 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
    • Snam Spa 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
    • Valero Energy Corp 0.02%
    • Centrica PLC 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%
    • 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
    • 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
    • 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
    • Oge Energy Corp. 0.01%
    • 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
    • Pinnacle West Capital Corp. 0.01%
    • Power Assets Holdings Ltd 0.01%
    • Rwe AG 0.01%
    • Suncor 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
    • Tokyo 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
    • 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 mostly in growth assets and is designed for investors that want a growth investment option. Negative annual returns may occur once in every 3-5 years on average.

Value $62.4M NZD
Period of data report 30th June 2024
Members 1,509
Fund started 16th Sept. 2013
Total annual fund fees 0.61%
Total performance based fees 0.0%
Manager's basic fee 0.6%
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 14.32% 14.02%
2023 -3.87% -4.76%
2022 1.40% 3.78%
2021 28.16% 29.86%
2020 -3.43% -9.27%
2019 6.75% 7.41%
2018 7.80% 4.76%
2017 9.24% 10.88%
2016 3.62% 5.57%
2015 13.73% 12.08%

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

  • Vanguard Total World Stock ETF
    United States International Equities
    18.58%
  • Vanguard S&P 500 ETF
    United States International Equities
    7.25%
  • Vanguard FTSE Europe ETF
    United States International Equities
    5.86%
  • Ishares Core Global Aggregate Bond Ucits ETF
    Ireland Int Fixed Interest
    5.46%
  • Ishares Core FTSE Global Infrastructure (AUD Hedged) ETF
    Australia Other
    3.95%
  • Vanguard FTSE Emerging Markets ETF
    United States International Equities
    2.82%
  • Vanguard FTSE Pacific ETF
    United States International Equities
    2.64%
  • Vanguard Mid-Cap ETF
    United States International Equities
    2.5%
  • Ishares Core FTSE Global Property Ex Australia (AUD Hedged) ETF
    Australia Listed Property
    2.49%
  • Vanguard Small-Cap ETF
    United States International Equities
    2.42%
Type Target Actual
Cash and Cash Equivalents 4.0% 4.82%
New Zealand Fixed Interest 6.0% 5.83%
International Fixed Interest 10.0% 9.77%
Australasian Equities 19.0% 19.89%
International Equities 53.0% 51.88%
Listed Properties 4.0% 3.86%
Unlisted Properties 0.0% 0.0%
Other 4.0% 3.95%
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.