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

    • Exxon Mobil Corp. 2.41%
    • Chevron Corp. 1.68%
    • Nextera Energy Inc. 1.03%
    • Conocophillips 0.86%
    • Southern Co. 0.48%
    • Duke Energy Corp. 0.47%
    • Eog Resources Inc. 0.43%
    • Dominion Energy Inc. 0.38%
    • Marathon Petroleum Corp. 0.33%
    • Sempra Energy 0.31%
    • American Electric Power Co. Inc. 0.29%
    • Occidental Petroleum Corp. 0.28%
    • Valero Energy Corp. 0.28%
    • Devon Energy Corp. 0.26%
    • Phillips 66 0.26%
    • Williams Cos. Inc. 0.23%
    • Xcel Energy Inc. 0.23%
    • Kinder Morgan Inc. 0.21%
    • Consolidated Edison Inc. 0.20%
    • Public Service Enterprise Group Inc. 0.19%
    • Wec Energy Group Inc. 0.19%
    • Constellation Energy Corp. 0.18%
    • Pg&E Corp. 0.17%
    • Oneok Inc. 0.15%
    • Ameren Corp. 0.14%
    • Entergy Corp. 0.14%
    • Dte Energy Co. 0.13%
    • Lyondellbasell Industries Nv 0.13%
    • Delta Air Lines Inc. 0.12%
    • Ppl Corp. 0.12%
    • Cms Energy Corp. 0.11%
    • Aes Corp. 0.10%
    • Alliant Energy Corp. 0.09%
    • Evergy Inc. 0.09%
    • Loews Corp. 0.07%
    • Nisource Inc. 0.07%
    • Vistra Corp. 0.06%
    • Continental Resources Inc./Ok 0.02%
    • Walmart Inc. 1.18%
    • Raytheon Technologies Corp. 0.80%
    • Honeywell International Inc. 0.75%
    • Lockheed Martin Corp. 0.68%
    • Northrop Grumman Corp. 0.43%
    • General Dynamics Corp. 0.35%
    • L3Harris Technologies Inc. 0.26%
    • Textron Inc. 0.08%
    • Leidos Holdings Inc. 0.04%
    • Philip Morris International Inc. 0.85%
    • Altria Group Inc. 0.48%
    • Vici Properties Inc. 0.19%
    • Mgm Resorts International 0.06%
    • Mgm Resorts International 0.06%
    • Constellation Brands Inc. 0.22%
    • Molson Coors Beverage Co. 0.03%
    • Corteva Inc. 0.27%
    • Johnson & Johnson 2.84%
    • Chevron Corp. 1.68%
    • Wells Fargo & Co. 1.01%
    • Raytheon Technologies Corp. 0.80%
    • Lockheed Martin Corp. 0.68%
    • Caterpillar Inc. 0.57%
    • Duke Energy Corp. 0.47%
    • Archer-Daniels-Midland Co. 0.30%
    • Corteva Inc. 0.27%
    • Freeport-Mcmoran Inc. 0.26%
    • Activision Blizzard Inc. 0.17%
    • Pg&E Corp. 0.17%
    • Motorola Solutions Inc. 0.12%
    • Fmc Corp. 0.09%
    • Exxon Mobil Corp. 2.41%
    • Procter & Gamble Co. 2.00%
    • Chevron Corp. 1.68%
    • Pepsico Inc. 1.49%
    • Coca-Cola Co. 1.45%
    • Philip Morris International Inc. 0.85%
    • Honeywell International Inc. 0.75%
    • Mondelez International Inc. 0.50%
    • Altria Group Inc. 0.48%
    • 3M Co. 0.41%
    • Archer-Daniels-Midland Co. 0.30%
    • General Mills Inc. 0.30%
    • Corteva Inc. 0.27%
    • Kimberly-Clark Corp. 0.25%
    • Constellation Brands Inc. 0.22%
    • Dow Inc. 0.21%
    • Keurig Dr Pepper Inc. 0.20%
    • Colgate-Palmolive Co. 0.19%
    • Kraft Heinz Co. 0.18%
    • PPG Industries Inc. 0.17%
    • Dupont De Nemours Inc. 0.15%
    • International Flavors & Fragrances Inc. 0.15%
    • Lyondellbasell Industries Nv 0.13%
    • Tyson Foods Inc. 0.13%
    • Kellogg Co. 0.12%
    • Mosaic Co. 0.11%
    • Clorox Co. 0.10%
    • Fmc Corp. 0.09%
    • Hormel Foods Corp. 0.08%
    • Campbell Soup Co. 0.06%
    • Celanese Corp. 0.06%
    • Eastman Chemical Co. 0.06%
    • Molson Coors Beverage Co. 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 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 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 $8.5M NZD
Period of data report 31st Dec. 2022
Members 636
Fund started 21st Sept. 2015
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 0.06%
Alcohol 0.25%
Animal Cruelty 15.55%
Fossil Fuels 12.87%
Gambling 0.25%
GMOs 0.27%
Human Rights & Environmental Violations 9.42%
Palm Oil 0.00%
Tobacco 1.33%
Weapons 4.56%

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 3.94% 14.56%
2021 36.11% 25.76%
2020 -6.34% -2.7%
2019 9.78% 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 31st Dec. 2022.

Top 10 Investments

  • Vanguard Value ETF
    United States International Equities
    99.18%
  • ANZ NZD Current Account
    New Zealand Cash and Equivalents AA-
    0.1%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.672003%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 100.0% 0.0%
International Equities 0.0% 99.327997%
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 31st Dec. 2022.