Funds

This is a Mindful fund AE KiwiSaver Plan

Total Ethical Concerns: 0.89%

The average total concerns of all KiwiSaver growth funds is 8.07%.

Companies of Concern

  • Fossil Fuels 0.89%

    • Mge Energy, Inc.
      0.89%
      0.89%

From the Fund Provider

  • About this fund

    About this Fund

    AE KiwiSaver Plan may only hold investments which comply with the Strict Ethical Mandate of AE 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 AE KiwiSaver Plan’s Strict 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 $79.2M NZD
    Period of data report 31st March 2025
    Members 3,429
    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

    Gregory Fortuin

    Currently: Board Chair (11 years, 7 months)
    Previously: Director (finance industry) / Race Relations Conciliator (42 years, 7 months)

    Brian Henry

    Currently: Director/Management Committee (11 years, 7 months)
    Previously: Barrister (50 years, 7 months)

    Dennis Gates

    Currently: Director/Management Committee (4 years, 1 months)
    Previously: Solicitor (34 years, 7 months)

    Robert Knox

    Currently: Investment Committee Chair (11 years, 7 months)
    Previously: Managing Partner BDO / Accountant (47 years, 7 months)

    Sandra Clark

    Currently: CEO/Management Committee (5 years, 1 months)
    Previously: Credit Controller (13 years, 7 months)

    This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.

  • Past Returns

    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
    2025 3.71% -10.95%
    2024 14.15% 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%

    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 March 2025.

  • Investments

    Top 10 Investments

    • ANZ Bank - Call Accounts

      New Zealand Cash and Equivalents AA-

      8.96%
    • Equinix, Inc.

      United States International Equities

      5.5%
    • Nvidia Corporation

      United States International Equities

      4.91%
    • Eli Lilly and Company

      United States International Equities

      4.34%
    • O'Reilly Automotive, Inc.

      United States International Equities

      4.29%
    • Asml Holding N.V.

      United States International Equities

      4.26%
    • Vertiv Holdings, Llc

      United States International Equities

      4.02%
    • Comfort Systems Usa, Inc.

      United States International Equities

      3.88%
    • Linde PLC

      United States International Equities

      3.86%
    • Ge Vernova Inc.

      United States International Equities

      3.71%
    Type Target Actual
    Cash and Cash Equivalents 20.0% 11.5%
    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% 88.5%
    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 by asset type.

    This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.

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 2025 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.

Issues of Concern

  • 0.0% Animal Cruelty
  • 0.0% Human Rights Violations
  • 0.0% Social Harm
  • 0.89% Fossil Fuels
  • 0.0% Weapons
  • 0.0% Environmental Harm

Companies of Concern

  • Fossil Fuels

    • Mge Energy, Inc.
      0.89%
      0.89%

About this Fund

AE KiwiSaver Plan may only hold investments which comply with the Strict Ethical Mandate of AE 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 AE KiwiSaver Plan’s Strict 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 $79.2M NZD
Period of data report 31st March 2025
Members 3,429
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

Gregory Fortuin

Currently: Board Chair (11 years, 7 months)
Previously: Director (finance industry) / Race Relations Conciliator (42 years, 7 months)

Brian Henry

Currently: Director/Management Committee (11 years, 7 months)
Previously: Barrister (50 years, 7 months)

Dennis Gates

Currently: Director/Management Committee (4 years, 1 months)
Previously: Solicitor (34 years, 7 months)

Robert Knox

Currently: Investment Committee Chair (11 years, 7 months)
Previously: Managing Partner BDO / Accountant (47 years, 7 months)

Sandra Clark

Currently: CEO/Management Committee (5 years, 1 months)
Previously: Credit Controller (13 years, 7 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.

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
2025 3.71% -10.95%
2024 14.15% 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%

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 March 2025.

Top 10 Investments

  • ANZ Bank - Call Accounts

    New Zealand Cash and Equivalents AA-

    8.96%
  • Equinix, Inc.

    United States International Equities

    5.5%
  • Nvidia Corporation

    United States International Equities

    4.91%
  • Eli Lilly and Company

    United States International Equities

    4.34%
  • O'Reilly Automotive, Inc.

    United States International Equities

    4.29%
  • Asml Holding N.V.

    United States International Equities

    4.26%
  • Vertiv Holdings, Llc

    United States International Equities

    4.02%
  • Comfort Systems Usa, Inc.

    United States International Equities

    3.88%
  • Linde PLC

    United States International Equities

    3.86%
  • Ge Vernova Inc.

    United States International Equities

    3.71%
Type Target Actual
Cash and Cash Equivalents 20.0% 11.5%
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% 88.5%
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 by asset type.

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.