Research identified investments in companies of concern and positive outcome companies inside this fund
Companies of concern
High compared to other KiwiSaver defensive funds
2.57% of this fund is invested in 58 companies of concern in these categories
Positive outcome companies
High compared to other KiwiSaver defensive funds
4.58% of this fund is invested in 12 positive outcome companies in these categories
Companies of Concern
58 companies within 6 concerns
2.57% of this fund is invested in these 58 companies of concern whose activities cause serious harm to people or the planet, as per the criteria in Mindful Money's methodology.
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Animal Cruelty
0.22% of fund
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Eni Spa0.03%
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China Petroleum & Chemical Corp.0.02%
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Petronas0.02%
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Environmental Harm
0.99% of fund
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Fonterra0.92%
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Unilever0.02%
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Bayer0.01%
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Fossil Fuels
1.10% of fund
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Genesis Energy Ltd.0.73%
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Électricité De France SA0.04%
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Enel0.03%
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Human Rights Violations
0.40% of fund
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Israel Sovereign Bonds0.10%
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Toronto-Dominion Bank0.04%
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IBM0.03%
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Social Harm
0.10% of fund
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Heineken0.02%
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Philip Morris International (Pmi)0.02%
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Altria Group, Inc.0.01%
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Weapons
0.03% of fund
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Airbus0.01%
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GE Aerospace0.01%
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Walmart, Inc.0.01%
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About this information
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register for 31st March 2026 and Mindful Money analysis of funds within those portfolios.
The categories of concern and positive outcomes are 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.
Lists of companies of concern and positive outcome companies have 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 or bring about more than one positive outcome.
Mindful Money uses the term Mindful Fund 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.