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This is a Mindful fund AE KiwiSaver Plan

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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

  • Animal Cruelty

    • Ecolab, Inc. 0.48%

Fund Provider Response

As part of EcoLab’s Global Animal Welfare Policy, they are committed to animal testing alternatives. EcoLab has devised methods to refine, reduce, and ultimately replace animal testing in the future. Animal testing is only required by law or regulatory agencies if the science for nonanimal testing doesn’t exist, or if nonanimal testing has yet to be approved. When hazards cannot be identified using nonanimal testing, animal testing must be pre-approved by the internal Ecolab Animal Welfare Board if not already required by law or regulatory agencies. EcoLab’s mission is to create safer, healthier, and cleaner environments.

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. 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

In their own words

AE KiwiSaver Plan may only hold investments which comply with the Ethical Mandate of Amanah KiwiSaver Plan. The fund’s investment objective is to increase the rate of average annual return to investors over the long-term, while strictly complying with the restrictions of AE KiwiSaver Plan’s Ethical Mandate.

Always-Ethical is a boutique fund management group based in Auckland, New Zealand. We specialise in providing ethical investment solutions to New Zealand and international investors. Always-Ethical currently offers two ethical investment products: AE Investor and AE KiwiSaver Plan.

Value $79.7M NZD
Period of data report 30th Sept. 2024
Members 3,299
Fund started 25th Feb. 2014
Total annual fund fees 3.44%
Total performance based fees 0.0%
Manager's basic fee 1.39%
Other management and administration charges 2.05%
Total other charges 32.4
Total other charges currency NZD

Key Personnel

Gregory Fortuin

Currently: Board Chair (11 years, 1 months)
Previously: Director (finance industry) / Race Relations Conciliator (42 years, 1 months)

Brian Henry

Currently: Director/Management Committee (11 years, 1 months)
Previously: Barrister (50 years, 1 months)

Dennis Gates

Currently: Director/Management Committee (3 years, 7 months)
Previously: Solicitor (34 years, 1 months)

Robert Knox

Currently: Investment Committee Chair (11 years, 1 months)
Previously: Managing Partner BDO / Accountant (47 years, 1 months)

Sandra Clark

Currently: CEO/Management Committee (4 years, 7 months)
Previously: Credit Controller (13 years, 1 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 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 14.32% 15.16%
2023 -3.87% 9.25%
2022 1.40% 4.6%
2021 28.16% 12.47%
2020 -3.43% 23.65%
2019 6.75% 13.82%
2018 7.80% -1.97%
2017 9.24% 0.41%
2016 3.62% 4.05%
2015 13.73% 16.04%

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. 2024.

Top 10 Investments

  • Jpmorgan - Call Account
    United States Cash and Equivalents A+
    63.88%
  • ANZ Bank - Call Accounts
    New Zealand Cash and Equivalents AA-
    5.57%
  • O'Reilly Automotive, Inc.
    United States International Equities
    2.22%
  • Eli Lilly and Company
    United States International Equities
    1.74%
  • Comfort Systems Usa, Inc.
    United States International Equities
    1.56%
  • Nvidia Corporation
    United States International Equities
    1.52%
  • Transmedic Group, Inc.
    United States International Equities
    1.46%
  • Emcor Group, Inc.
    United States International Equities
    1.33%
  • Quanta Services, Inc.
    United States International Equities
    1.29%
  • Trane Technologies PLC
    United States International Equities
    1.04%
Type Target Actual
Cash and Cash Equivalents 20.0% 69.5%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 80.0% 30.5%
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.

Target

Actual

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2024.