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

    • Thermo Fisher Scientific 0.11%
    • Johnson & Johnson 0.08%
    • Wells Fargo & Co 0.05%
    • Wells Fargo & Company 0.04%
    • Shell International Fin 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
    • P G & E Corp 0.02%
    • Exxon Mobil Corporation 0.10% !!
      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 International Fin 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
    • Procter & Gamble Co/The 0.05%
    • Ralph Lauren Corp 0.04%
    • Colgate-Palmolive Co 0.02%
    • Dick'S Sporting Goods 0.06%
    • Brookfield Finance Inc 0.01%
    • Walmart Inc 0.01%
    • Contact Energy Ltd 0.97% 1.5°C
      This company is on a 1.5°C pathway
    • Exxon Mobil Corporation 0.10% !!
      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
    • Fairfax Finl Hldgs Ltd 0.09%
    • Shell International Fin 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
    • Cassa Depositi E Prestit 0.06%
    • Enbridge Inc 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
    • Loews Corp 0.06%
    • Jefferies Fin Group Inc 0.05%
    • Cheniere Energy 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
    • National Grid PLC 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
    • Sempra Energy 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
    • Tc Energy 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
    • Williams Cos 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
    • Consolidated Edison Inc 0.02%
    • Kinder Morgan 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
    • Oneok Inc 0.02%
    • P G & E Corp 0.02%
    • Atmos Energy Corp 0.01%
    • Centerpoint Energy Inc 0.01%
    • Fortis 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
    • Pembina Pipeline 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
    • Targa Resources Corp 0.01%

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. 2023 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

The fund aims to provide investors with a low-risk investment option that invests predominantly in income producing assets, the majority of these being cash and fixed interest investments. The Fund may also hold high dividend yielding equities and/or listed property and infrastructure investments.

Value $222M NZD
Period of data report 30th Sept. 2023
Members 12,757
Fund started 14th Oct. 2015
Total annual fund fees 0.8%
Total performance based fees 0.0%
Manager's basic fee 0.5%
Other management and administration charges 0.3%
Total other charges 16.0
Total other charges currency NZD

Phil Ellison*

Currently: Non-executive Director / Investment Committee member (1 years, 2 months)
Previously: Founder and CEO, Finance Now Ltd (22 years, 1 months)

Martin Pike

Currently: Head of Investments (8 years, 0 months)
Previously: National Manager, Investment Product & Services, AMP Financial Services (2 years, 4 months)

Morne Redgard**

Currently: Chief Executive Officer, Funds Adminstration New Zealand (0 years, 4 months)
Previously: Chief Customer Officer, Kiwi Wealth Ltd (1 years, 8 months)

Mike Skilling

Currently: Non-executive Director / Investment Committee chairperson (7 years, 4 months)
Previously: GM Business Financial Services & Private Banking, BNZ (8 years, 0 months)

Derek Young

Currently: Chief Operating Officer (0 years, 2 months)
Previously: Executive Director, Funds Administration New Zealand Ltd (19 years, 1 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2023.

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
2023 -0.13% -2.66%
2022 -1.68% -2.78%
2021 1.56% 0.07%
2020 1.64% 2.0%
2019 2.37% 2.37%
2018 2.05% 0.45%
2017 1.53% 1.5%

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 Sept. 2023.

Top 10 Investments

  • Ishares Global Aggregate Bond ESG Ucits ETF NZD Hedged
    Ireland Int Fixed Interest
    20.39%
  • Harbour NZ Core Fixed Interest Fund
    New Zealand NZ Fixed Interest
    19.04%
  • Dimensional Global Bond Sustainability Trust €“ NZD Class Units
    Australia Int Fixed Interest
    17.83%
  • Dimensional Five-Year Diversified Fixed Interest Trust - NZD Class
    Australia Int Fixed Interest
    10.5%
  • Dimensional Two-Year Sustainability Fixed Interest Trust €“ NZD Class Units
    Australia Int Fixed Interest
    7.62%
  • Cash Deposit (ANZ Bank)
    New Zealand Cash and Equivalents
    2.01%
  • Southland Building Society Term Deposit Maturity 19/10/23
    New Zealand Cash and Equivalents BBB
    1.87%
  • Sbs Bank 07/03/2029 6.14%
    New Zealand NZ Fixed Interest BBB+
    1.75%
  • Southland Building Society Term Deposit Maturity 24/06/24
    New Zealand Cash and Equivalents BBB
    1.38%
  • Southland Building Society Term Deposit Maturity 21/08/24
    New Zealand Cash and Equivalents BBB
    1.36%
Type Target Actual
Cash and Cash Equivalents 15.0% 16.26%
New Zealand Fixed Interest 25.0% 21.71%
International Fixed Interest 60.0% 56.34%
Australasian Equities 0.0% 3.42%
International Equities 0.0% 0.0%
Listed Properties 0.0% 1.47%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.8%
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 Sept. 2023.