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 1.45%
    • Johnson & Johnson 1.03%
    • Caterpillar Inc 0.79%
    • Thermo Fisher Scientific Inc 0.10%
    • Rio Tinto Ltd 0.07%
    • Motorola Solutions Inc 0.03%
    • Wells Fargo & Co 0.03%
    • Uber Technologies Inc 0.02%
    • Mattel Inc 0.01%
    • Rio Tinto PLC-Spon Adr 0.01%
    • BHP Group Ltd 0.31% !!
      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 0.08%
    • 3M Co 0.03%
    • Corteva Inc 0.03%
    • Nufarm Ltd 0.02%
    • Nutrien Ltd 0.02%
    • Pi Industries Ltd 0.02%
    • Fmc Corp 0.01%
    • Newcrest Mining Ltd 0.01%
    • Procter & Gamble Co/The 1.14%
    • L'Oreal 0.58%
    • Sherwin-Williams Co 0.07%
    • Unilever PLC-Sponsored Adr 0.07%
    • Colgate-Palmolive Co 0.04%
    • Shin-Etsu Chemical Co Ltd 0.04%
    • 3M Co 0.03%
    • Corteva Inc 0.03%
    • Estee Lauder Companies-Cl A 0.03%
    • Hermes International 0.03%
    • Kering 0.03%
    • Kimberly-Clark De Mexico-A 0.03%
    • Akzo Nobel N.V. 0.02%
    • Albemarle Corp 0.02%
    • Church & Dwight Co Inc 0.02%
    • Clorox Company 0.02%
    • Coty Inc 0.02%
    • Dupont De Nemours Inc 0.02%
    • Ecolab Inc 0.02%
    • Givaudan-Reg 0.02%
    • Hindustan Unilever Ltd 0.02%
    • Intl Flavors & Fragrances 0.02%
    • Mosaic Co 0.02%
    • Nufarm Ltd 0.02%
    • Nutrien Ltd 0.02%
    • Orica Ltd 0.02%
    • Pi Industries Ltd 0.02%
    • PPG Industries Inc 0.02%
    • Rpm International Inc 0.02%
    • Tapestry Inc 0.02%
    • Ultrapar Participacoes SA 0.02%
    • Asian Paints Ltd 0.01%
    • Capri Holdings Ltd 0.01%
    • Celanese Corp 0.01%
    • Chr Hansen Holding A/S 0.01%
    • Colgate Palmolive (India) 0.01%
    • Covestro AG 0.01%
    • Dcc PLC 0.01%
    • Element Solutions Inc 0.01%
    • Fmc Corp 0.01%
    • Hanwha Solutions Corp 0.01%
    • Novozymes A/S-B Shares 0.01%
    • Reliance Industries 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
    • Supreme Industries Ltd 0.01%
    • Walmart Inc 1.30%
    • Booz Allen Hamilton Holdings 0.03%
    • Transdigm Group Inc 0.03%
    • Amphenol Corp 0.02%
    • Caci International Inc -Cl A 0.02%
    • Teledyne Technologies Inc 0.02%
    • Canadian Tire Corp-Class A 0.01%
    • Howmet Aerospace Inc 0.01%
    • Itt Inc 0.01%
    • Mueller Industries Inc 0.01%
    • Oshkosh Corp 0.01%
    • Rbc Bearings Inc 0.01%
    • Science Applications International Corp. 0.01%
    • Ventia Services Group Ltd. 0.01%
    • Woodward Inc 0.01%
    • Contact Energy Ltd 1.32% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.31% !!
      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 0.23% !!
      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
    • 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
    • Cheniere Energy Inc 0.11% !!
      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 0.11% !!
      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 0.10%
    • Tc Energy Corp 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
    • Williams Cos Inc 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
    • Consolidated Edison Inc 0.09%
    • Valero Energy Corp 0.09%
    • Kinder Morgan 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
    • P G & E Corp 0.08%
    • Ampol Ltd 0.07%
    • Rio Tinto Ltd 0.07%
    • Atmos Energy Corp 0.05%
    • Fortis 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
    • Marathon Petroleum Corp 0.05%
    • Pembina Pipeline 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
    • Phillips 66 Co 0.05%
    • Targa Resources Corp 0.05%
    • Viva Energy Group 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
    • Apa Group 0.04% !!
      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
    • Centerpoint Energy Inc 0.04%
    • Halliburton Co 0.04%
    • Weg SA 0.04%
    • Snam Spa 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
    • Tokyo Gas Co Ltd 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
    • Abu Dhabi National Oil Co Fo 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
    • Chubu Electric Power Co Inc 0.02%
    • Constellation Energy 0.02%
    • Edp-Energias De Portugal SA 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Enel Spa 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Enn Energy Holdings Ltd 0.02%
    • Fairfax Financial Hldgs Ltd 0.02%
    • Hf Sinclair Corp 0.02%
    • Hong Kong & China Gas 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
    • Iberdrola SA 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Jefferies Financial Group In 0.02%
    • Keyera 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
    • Nisource Inc 0.02%
    • Orica Ltd 0.02%
    • Pbf Energy Inc-Class A 0.02%
    • S-Oil Corp 0.02%
    • Texas Pacific Land Corp 0.02%
    • Brookfield Infrastructure-A 0.01%
    • Dassault Systemes 0.01%
    • Dt Midstream Inc 0.01%
    • E.On Se 0.01%
    • Enagas SA 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
    • Hd Hyundai Electric Co Ltd 0.01%
    • Hd Hyundai Infracore Co Ltd 0.01%
    • Kunlun Energy 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
    • Monadelphous Group Ltd 0.01%
    • National Grid PLC-Sp 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
    • Naturgy Energy Group SA 0.01%
    • Neste Oyj 0.01%
    • Northland Power Inc 0.01%
    • Parkland Corp 0.01%
    • Perenti Finance Pty Ltd 0.01%
    • Reliance Industries 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
    • Rio Tinto PLC-Spon Adr 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 capital growth over the long-term, by investing primarily in a broad spread of New Zealand and international growth assets, with a small amount held in cash.

Value $308M NZD
Period of data report 30th Sept. 2023
Members 17,620
Fund started 14th Oct. 2015
Total annual fund fees 1.1%
Total performance based fees 0.0%
Manager's basic fee 0.8%
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 -4.84% -3.02%
2022 3.55% 3.38%
2021 33.87% 32.78%
2020 -6.10% -8.29%
2019 10.35% 7.79%
2018 6.95% 5.55%
2017 10.40% 11.7%

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

  • Dimensional Global Sustainability PIE Fund (NZD Hedged)
    New Zealand International Equities
    34.61%
  • Schroder Emerging Markets Sustainable Fund - Wholesale Class
    Australia International Equities
    5.27%
  • Dimensional Australian Sustainability Trust
    Australia Australasian Equities
    4.54%
  • Kernel Global Infrastructure (NZD Hedged) Fund
    New Zealand Other
    2.97%
  • Cash Deposit (ANZ Bank)
    New Zealand Cash and Equivalents
    1.79%
  • Fisher & Paykel Healthcare Corp Ltd
    New Zealand Australasian Equities
    1.73%
  • Ishares Digitalisation Ucits ETF USD
    Ireland International Equities
    1.69%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    1.64%
  • Ishares Healthcare Innovation Ucits ETF
    Ireland International Equities
    1.61%
  • Apple Inc
    United States International Equities
    1.54%
Type Target Actual
Cash and Cash Equivalents 2.0% 2.1%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 26.0% 24.14%
International Equities 72.0% 69.79%
Listed Properties 0.0% 1.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 2.97%
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.