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

    • Johnson & Johnson 1.85%
    • Wells Fargo & Co 1.00%
    • Caterpillar Inc 0.88%
    • Raytheon Technologies Corp 0.63%
    • Lockheed Martin Corp 0.54%
    • Thermo Fisher Scientific Inc 0.54%
    • Motorola Solutions Inc 0.14%
    • Chevron Corp 1.37% !!
      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 0.36%
    • Freeport-Mcmoran Inc 0.33%
    • 3M Co 0.29%
    • Pg&E Corp 0.21%
    • Corteva Inc 0.20%
    • Archer-Daniels-Midland Co 0.16%
    • Exxon Mobil Corporation 2.23% !!
      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 1.85%
    • Chevron Corp 1.37% !!
      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
    • Philip Morris International 0.69%
    • Altria Group Inc 0.37%
    • 3M Co 0.29%
    • Kimberly-Clark Corp 0.21%
    • Corteva Inc 0.20%
    • Dow Inc 0.20%
    • Colgate-Palmolive Co 0.18%
    • PPG Industries Inc 0.17%
    • Dupont De Nemours Inc 0.14%
    • Intl Flavors & Fragrances 0.11%
    • Celanese Corp 0.09%
    • Clorox Company 0.09%
    • Tyson Foods Inc-Cl A 0.08%
    • Hormel Foods Corp 0.05%
    • Mosaic Co/The 0.03%
    • Walmart Inc 1.29%
    • Honeywell International Inc 0.65%
    • Raytheon Technologies Corp 0.63%
    • Lockheed Martin Corp 0.54%
    • General Dynamics Corp. 0.34%
    • Northrop Grumman Corp 0.31%
    • L3Harris Technologies Inc 0.20%
    • Howmet Aerospace Inc 0.14%
    • Jacobs Solutions Inc 0.09%
    • Textron, Inc. 0.09%
    • Teledyne Technologies Inc 0.05%
    • Leidos Holdings Inc 0.04%
    • Exxon Mobil Corporation 2.23% !!
      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 1.37% !!
      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 0.72% !!
      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 0.63%
    • Southern Co/The 0.38%
    • Marathon Petroleum Corp 0.37%
    • Duke Energy Corp 0.36%
    • Eog Resources Inc 0.36% !!
      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 0.34%
    • Constellation Energy 0.29%
    • Valero Energy Corp 0.28%
    • Oneok Inc 0.23%
    • Williams Cos Inc 0.23% !!
      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 0.22%
    • Sempra Energy 0.22% !!
      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 0.21%
    • Dominion Energy Inc 0.20%
    • Occidental Petroleum Corp 0.19% !!
      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 0.17% !!
      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
    • Devon Energy Corp 0.16% !!
      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 0.16%
    • Consolidated Edison Inc 0.15%
    • Delta Air Lines Inc 0.15%
    • Xcel Energy Inc 0.15%
    • Wec Energy Group Inc 0.13%
    • Entergy Corp 0.11%
    • Dte Energy Co 0.10%
    • Firstenergy Corp 0.10%
    • Ppl Corp 0.10%
    • Ameren Corporation 0.09%
    • Centerpoint Energy Inc 0.09%
    • Cms Energy Corp 0.09%
    • Halliburton Co 0.08%
    • Marathon Oil Corp 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
    • Loews Corp 0.07%
    • Alliant Energy Corp 0.06%
    • Vistra Corp 0.06%
    • Coterra 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
    • Aes 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
    • Evergy Inc 0.03%
    • Nisource Inc 0.03%

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 US shares and is designed to track the return (before tax, fees and other expenses) of the CRSP US Large Cap Value Index.

Value $10.9M NZD
Period of data report 30th June 2024
Members 845
Fund started 21st Sept. 2015
Total annual fund fees 0.57%
Total performance based fees 0.0%
Manager's basic fee 0.55%
Other management and administration charges 0.02%
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 14.19% 24.16%
2023 -4.84% 2.03%
2022 3.55% 14.56%
2021 33.87% 25.76%
2020 -6.10% -2.7%
2019 10.35% 12.61%
2018 6.95% 4.59%
2017 10.40% 13.19%

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 Value ETF
    United States International Equities
    99.09%
  • NZD Cash Account (ANZ Bank)
    New Zealand Cash and Equivalents AA-
    0.75%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.31%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 100.0% 99.69%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
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.