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 0.72%
    • Johnson & Johnson 0.22%
    • Wells Fargo & Co 0.14%
    • Nestle SA-Reg 0.13%
    • Thermo Fisher Scientific Inc 0.11%
    • Motorola Solutions Inc 0.10%
    • Caterpillar Inc 0.04%
    • Credit Suisse Group AG 0.03%
    • Petrochina Co Ltd-H 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
    • Uber Technologies Inc 0.03%
    • Bank Hapoalim Bm 0.02%
    • China Petroleum & Chemical-H 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
    • Rio Tinto PLC 0.02%
    • Wells Fargo & Company 0.02%
    • Glencore PLC 0.01%
    • Shell PLC 0.15% !!
      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
    • Barrick Gold Corp 0.13%
    • BHP Group Ltd 0.12% !!
      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
    • Vale SA 0.05%
    • Fuji Oil Co Ltd 0.03%
    • Zijin Mining Group Co Ltd-A 0.03%
    • Astra International Tbk Pt 0.02%
    • Duke Energy Corp 0.02%
    • 3M Co 0.01%
    • Basf Se 0.01%
    • Beijing Tongrentang Co-A 0.01%
    • Freeport-Mcmoran Inc 0.01%
    • Glencore PLC 0.01%
    • Southern Copper Corp 0.01%
    • LVMH Moet Hennessy Louis Vui 0.26%
    • Procter & Gamble Co/The 0.20%
    • Shell PLC 0.15% !!
      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 0.13%
    • Koninklijke Ahold Delhaize N 0.13%
    • Eni Spa-Sponsored Adr 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
    • Air Liquide SA 0.09%
    • Ecolab Inc 0.07%
    • Hermes International 0.07%
    • L'Oreal 0.05%
    • Croda International PLC 0.04%
    • Moncler Spa 0.04%
    • Unilever PLC 0.04%
    • Colgate-Palmolive Co 0.03%
    • Ralph Lauren Corp 0.03%
    • Symrise AG 0.03%
    • China Petroleum & Chemical-H 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
    • Intl Flavors & Fragrances 0.02%
    • Nippon Shokubai Co Ltd 0.02%
    • Nomad Foods Ltd 0.02%
    • Otsuka Holdings Co Ltd- Unsp 0.02%
    • Sherwin-Williams Co/The 0.02%
    • Shin-Etsu Chemical Co Ltd 0.02%
    • 3M Co 0.01%
    • Amorepacific Group 0.01%
    • Basf Se 0.01%
    • Mtu Aero Engines AG 0.12%
    • Indra Sistemas SA 0.10%
    • Daikin Industries Ltd 0.07%
    • Howmet Aerospace Inc 0.02%
    • Amphenol Corp-Cl A 0.01%
    • Saab Ab-B 0.01%
    • Contact Energy Ltd 0.98% 1.5°C
      This company is on a 1.5°C pathway
    • Nextera Energy Inc 0.47%
    • Orsted A/S 0.19% 1.5°C
      This company is on a 1.5°C pathway
    • Engie 0.17% !!
      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
    • Dominion Energy Inc 0.16%
    • National Grid PLC 0.15% !!
      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 0.15%
    • Shell PLC 0.15% !!
      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 0.15%
    • Alliant Energy Corp 0.13%
    • Enel Spa 0.13% 1.5°C
      This company is on a 1.5°C pathway
    • Williams Cos Inc 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
    • BHP Group Ltd 0.12% !!
      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 0.12%
    • Consolidated Edison Inc 0.11%
    • Snam Spa 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
    • Eni Spa-Sponsored Adr 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
    • Iberdrola SA 0.10% 1.5°C
      This company is on a 1.5°C pathway
    • Portland General Electric Co 0.10%
    • Xcel Energy Inc 0.10%
    • Phillips 66 0.09%
    • BP PLC 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
    • Centerpoint Energy Inc 0.08%
    • Rwe AG 0.08%
    • Atlantica Sustainable Infras 0.07%
    • Japan Petroleum Exploration 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
    • Kyushu Electric Power Co Inc 0.06%
    • Enbridge 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%
    • Oneok Inc 0.05%
    • Petrobras - Petroleo Bras-Pr 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
    • Targa Resources Corp 0.05%
    • Vale SA 0.05%
    • Valero Energy Corp 0.05%
    • Genesis Energy Ltd 0.04%
    • Hera Spa 0.04%
    • Kinder Morgan 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
    • OMV AG 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
    • Pembina Pipeline Corp 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
    • Public Service Enterprise Gp 0.04%
    • 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
    • China Coal Xinji Energy Co-A 0.03%
    • Chugoku Electric Power Co 0.03%
    • Itochu 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
    • Itochu Enex Co Ltd 0.03%
    • Mitsui & 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
    • Pbf Energy Inc-Class A 0.03%
    • Petrochina Co Ltd-H 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
    • Repsol SA 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
    • Tohoku Electric Power Co Inc 0.03%
    • Astra International Tbk Pt 0.02%
    • Athabasca Oil Corp 0.02%
    • China Petroleum & Chemical-H 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
    • Crescent Point Energy 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
    • Duke Energy Corp 0.02%
    • Eneos Holdings Inc 0.02%
    • Euronav Nv 0.02%
    • Hf Sinclair Corp 0.02%
    • Mitsubishi 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
    • Nextera Energy Partners Lp 0.02%
    • Nippon Yusen Kk 0.02%
    • Rio Tinto PLC 0.02%
    • Southern Co/The 0.02%
    • Alpha Metallurgical Resource 0.01%
    • American Electric Power 0.01%
    • Ampol Ltd 0.01%
    • Constellation Energy 0.01%
    • Electric Power Development C 0.01%
    • Glencore PLC 0.01%
    • Hutch Whampoa Int 14 Ltd 0.01%
    • Keyera 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
    • Murphy Oil 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
    • Parkland Corp 0.01%
    • S-Oil Corp 0.01%
    • Saudi Arabian Oil Co 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

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 predominantly in growth assets such as shares and real assets with only a limited amount in defensive assets such as fixed interest and cash. May be suitable for investors wanting to invest mostly in growth assets who are comfortable accepting more volatile returns than those expected from the Balanced fund with a view to achieving higher longer-term returns.

Value $50.7M NZD
Period of data report 30th June 2024
Members 1,876
Fund started 9th Oct. 2015
Total annual fund fees 0.97%
Total performance based fees 0.0%
Manager's basic fee 0.76%
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 14.32% 12.18%
2023 -3.87% -4.26%
2022 1.40% 2.75%
2021 28.16% 24.75%
2020 -3.43% -5.21%
2019 6.75% 5.35%
2018 7.80% 7.73%
2017 9.24% 9.05%

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 30th June 2024.

Top 10 Investments

  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    3.09%
  • First Sentier Investments Global Listed Infrastructure Fund
    New Zealand Other
    2.16%
  • Infratil Limited
    New Zealand Australasian Equities
    2.02%
  • Robeco Global Credit Fund
    Luxembourg Int Fixed Interest
    2.01%
  • Microsoft Corporation
    United States International Equities
    1.87%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    1.7%
  • Contact Energy Limited
    New Zealand Australasian Equities
    1.57%
  • Nvidia Corp
    United States International Equities
    1.45%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    1.43%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    1.32%
Type Target Actual
Cash and Cash Equivalents 1.0% 1.92%
New Zealand Fixed Interest 5.0% 5.44%
International Fixed Interest 14.0% 13.18%
Australasian Equities 22.5% 22.18%
International Equities 50.5% 49.33%
Listed Properties 3.5% 4.64%
Unlisted Properties 0.0% 0.0%
Other 3.5% 3.31%
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.