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 0.34%
    • Johnson & Johnson 0.10%
    • Wells Fargo & Co 0.07%
    • Wells Fargo & Company 0.07%
    • Nestle SA-Reg 0.06%
    • Motorola Solutions Inc 0.05%
    • Thermo Fisher Scientific Inc 0.05%
    • Ubs Group AG 0.03%
    • Caterpillar Inc 0.02%
    • Credit Suisse Group AG 0.02%
    • Nestle Holdings Inc 0.02%
    • Bank Hapoalim Bm 0.01%
    • Uber Technologies Inc 0.01%
    • Barrick Gold Corp 0.07%
    • Shell PLC 0.07% !!
      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
    • BHP Group Ltd 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
    • Duke Energy Florida Llc 0.02%
    • Energy Transfer Lp 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
    • Syngenta Finance Nv 0.02%
    • Vale SA 0.02%
    • BHP Billiton Fin Usa 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
    • Fmc Corp 0.01%
    • Fuji Oil Co Ltd 0.01%
    • Zijin Mining Group Co Ltd-A 0.01%
    • LVMH Moet Hennessy Louis Vui 0.13%
    • Procter & Gamble Co/The 0.11%
    • Koninklijke Ahold Delhaize N 0.07%
    • Shell PLC 0.07% !!
      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
    • Kering 0.06%
    • Eni Spa-Sponsored Adr 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
    • Air Liquide SA 0.04%
    • Ecolab Inc 0.03%
    • Hermes International 0.03%
    • Celanese US Holdings Llc 0.02%
    • Croda International PLC 0.02%
    • L'Oreal 0.02%
    • Moncler Spa 0.02%
    • Symrise AG 0.02%
    • Syngenta Finance Nv 0.02%
    • Unilever PLC 0.02%
    • Colgate-Palmolive Co 0.01%
    • Eastman Chemical Co 0.01%
    • Fmc Corp 0.01%
    • Huntsman Corp 0.01%
    • Orbia Advance Corp Sab 0.01%
    • Ralph Lauren Corp 0.01%
    • Unilever Finance 0.01%
    • Mtu Aero Engines AG 0.06%
    • Indra Sistemas SA 0.04%
    • Daikin Industries Ltd 0.03%
    • Contact Energy Ltd 0.60% 1.5°C
      This company is on a 1.5°C pathway
    • Nextera Energy Inc 0.27%
    • Orsted A/S 0.11% 1.5°C
      This company is on a 1.5°C pathway
    • Dominion Energy Inc 0.09%
    • Engie 0.09% !!
      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 0.09% !!
      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
    • Pinnacle West Capital 0.09%
    • Alliant Energy Corp 0.07%
    • Consolidated Edison Inc 0.07%
    • Enel Spa 0.07% 1.5°C
      This company is on a 1.5°C pathway
    • Shell PLC 0.07% !!
      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
    • Total SA 0.07%
    • BHP Group Ltd 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
    • Centerpoint Energy Inc 0.06%
    • Portland General Electric Co 0.06%
    • Snam Spa 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
    • Williams Cos 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
    • Xcel Energy Inc 0.06%
    • Eni Spa-Sponsored Adr 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
    • Iberdrola SA 0.05% 1.5°C
      This company is on a 1.5°C pathway
    • Atlantica Sustainable Infras 0.04%
    • BP PLC 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
    • Enbridge Inc 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
    • Jefferies Financial Group In 0.04%
    • Nextera Energy Capital 0.04%
    • Phillips 66 0.04%
    • Rwe AG 0.04%
    • Kinder Morgan 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
    • Targa Resources Corp 0.03%
    • Duke Energy Florida Llc 0.02%
    • Electricite De France SA 0.02%
    • Enel Finance Intl Nv 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Energy Transfer Lp 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
    • Enterprise Products Oper 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
    • Galaxy Pipeline Assets 0.02%
    • Genesis Energy Ltd 0.02%
    • Hera Spa 0.02%
    • Itochu 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
    • Japan Petroleum Exploration 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
    • Kyushu Electric Power Co Inc 0.02%
    • Marathon Petroleum Corp 0.02%
    • Nevada Power Co 0.02%
    • OMV AG 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%
    • Pembina Pipeline 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
    • Petrobras - Petroleo Bras-Pr 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
    • Public Service Enterpris 0.02%
    • Public Service Enterprise Gp 0.02%
    • Vale SA 0.02%
    • Valero Energy Corp 0.02%
    • Var Energi Asa 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
    • Aker BP Asa 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
    • Ameren Illinois Co 0.01%
    • Athabasca Oil Corp 0.01%
    • BHP Billiton Fin Usa 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
    • Cheniere Energy 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
    • Chugoku Electric Power Co 0.01%
    • E.On Se 0.01%
    • Fortum Oyj 0.01%
    • Hutch Whampoa Int 14 Ltd 0.01%
    • Iberdrola Finanzas Sau 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Itochu Enex Co Ltd 0.01%
    • Mitsui & 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
    • Mplx Lp 0.01%
    • Nextera Energy Partners Lp 0.01%
    • Oci Nv 0.01%
    • Pacificorp 0.01%
    • Pbf Energy Inc-Class A 0.01%
    • Repsol 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
    • Southern Co 0.01%
    • Tc Energy 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
    • Tohoku Electric Power Co Inc 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 31st March 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

Invests mainly in defensive assets such as fixed interest and cash, with about 40% invested in growth assets such as shares and real assets. May be suitable for investors who want to invest in a broad mix of assets and who are comfortable with a higher degree of volatility in returns than can be expected from the Conservative fund.

Value $9.19M NZD
Period of data report 30th June 2024
Members 496
Fund started 9th Oct. 2015
Total annual fund fees 0.79%
Total performance based fees 0.0%
Manager's basic fee 0.58%
Other management and administration charges 0.21%
Total other charges 0.0
Total other charges currency NZD

Ross Butler

Currently: Chair - Mercer (N.Z.) Ltd (1 years, 2 months)
Previously: Director Investments (Australia) Limited (current) (10 years, 4 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (15 years, 4 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

Kylie Willment

Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (6 years, 8 months)
Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

Padraig Brown

Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (2 years, 1 months)
Previously: Head of Real Estate Investment Management, Mercer Australia (Pty) Ltd (11 years, 2 months)

David Scobie

Currently: Principal Investments, New Zealand - Mercer (N.Z.) Ltd (0 years, 11 months)
Previously: Principal Advisor, Capital Markets, The Treasury, New Zealand (1 years, 5 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th June 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 10.71% 6.91%
2023 -2.79% -2.69%
2022 1.34% 0.76%
2021 17.98% 11.34%
2020 -1.40% -0.66%
2019 5.81% 3.89%
2018 5.28% 4.54%
2017 5.86% 4.64%

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 June 2024.

Top 10 Investments

  • Robeco Global Credits Fund
    Luxembourg Int Fixed Interest
    4.78%
  • New Zealand Government Bond 1.75% 15/05/2041
    New Zealand NZ Fixed Interest AAA
    1.49%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    1.45%
  • First Sentier Global Listed Infrastructure Fund
    New Zealand Other
    1.25%
  • New Zealand Government Bond 1.50% 15/05/2031
    New Zealand NZ Fixed Interest AAA
    1.23%
  • Westpac New Zealand Limited Bond 2.22% 29/07/2024
    New Zealand Cash and Equivalents AA-
    1.19%
  • New Zealand Government Bond 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AAA
    1.0%
  • New Zealand Government Bond 4.25% 15/05/2034
    New Zealand NZ Fixed Interest AAA
    0.98%
  • Housing New Zealand Limited Bond 3.36% 12/06/2025
    New Zealand NZ Fixed Interest AAA
    0.97%
  • Infratil Limited
    New Zealand Australasian Equities
    0.95%
Type Target Actual
Cash and Cash Equivalents 16.0% 14.76%
New Zealand Fixed Interest 13.0% 14.34%
International Fixed Interest 31.0% 30.61%
Australasian Equities 10.5% 10.37%
International Equities 25.5% 25.32%
Listed Properties 2.0% 2.7%
Unlisted Properties 0.0% 0.0%
Other 2.0% 1.9%
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 June 2024.