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

    • Credit Suisse Group AG 0.09%
    • Johnson & Johnson 0.08%
    • Bank Hapoalim Bm 0.02%
    • Credit Suisse AG 0.02%
    • Shell PLC 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
    • Energy Transfer Lp 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
    • Koninklijke Dsm Nv 1.14%
    • Procter & Gamble Co/The 0.17%
    • L'Oreal 0.10%
    • Unilever PLC 0.09%
    • Kering 0.08%
    • Burberry Group PLC 0.07%
    • Colgate-Palmolive Co 0.07%
    • Hermes International 0.07%
    • 3M Co 0.06%
    • Clorox Company 0.06%
    • Dow Inc 0.06%
    • Kimberly-Clark Corp 0.06%
    • Sumitomo Chemical Co Ltd 0.04%
    • Mosaic Co 0.03%
    • Umicore 0.03%
    • Shell PLC 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
    • Contact Energy Ltd 0.61% 1.5°C
      This company is on a 1.5°C pathway
    • Marathon Petroleum Corp 0.08%
    • Cheniere Energy Inc 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
    • Itochu Corp 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
    • Oneok Inc 0.06%
    • Public Service Enterprise Gp 0.05%
    • Ugi Corp 0.05%
    • Neste Oyj 0.04%
    • Sumitomo Chemical Co Ltd 0.04%
    • Texas Pacific Land Corp 0.04%
    • Equinor Asa-Spon Adr 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
    • Orsted A/S 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Valero Energy Corp 0.03%
    • Genesis Energy Ltd 0.02%
    • Shell PLC 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
    • Energy Transfer Lp 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
    • Intertek Group PLC 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 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

Invests in a wide range of assets, about 80% comprising growth assets such as shares and 20% comprising income assets such as bonds and cash. Suited to longer-term investors who want a diversified portfolio of assets with a high exposure to shares and other growth assets and are willing to accept more ups and downs than can be expected from both the Balanced Portfolio and the Conservative Portfolio.

Value $338k NZD
Period of data report 31st March 2023
Members 11
Fund started 1st Oct. 2021
Total annual fund fees 0.74%
Total performance based fees 0.0%
Manager's basic fee 0.45%
Other management and administration charges 0.29%
Total other charges 0.0
Total other charges currency NZD

David Young

Currently: Chair (7 years, 1 months)
Previously: Chair (15 years, 0 months)

Craig Harrison

Currently: Deputy chair (2 years, 4 months)
Previously: Independent Trustee (2 years, 6 months)

Simon Brodie

Currently: Licensed Independent Trustee (7 years, 1 months)
Previously: Trustee (4 years, 4 months)

Ray Welson

Currently: Trustee and Member of Investment Committee (2 years, 7 months)
Previously: (None years, None months)

Ben Trollip

Currently: Investment Consultant (6 years, 1 months)
Previously: (None years, None months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 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 -3.87% -2.83%
2022 2.25% -3.81%

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 2023.

Top 10 Investments

  • Mercer Overseas Shares Index Portfolio
    New Zealand International Equities
    30.71%
  • ANZ Wholesale International Share Fund
    New Zealand International Equities
    30.31%
  • Hunter Global Fixed Interest Fund
    New Zealand Int Fixed Interest
    9.19%
  • Salt Core NZ Shares Fund
    New Zealand Australasian Equities
    7.94%
  • Fisher Institutional Australian Equity Fund
    New Zealand Australasian Equities
    7.93%
  • ANZ Wholesale Fixed Interest Fund
    New Zealand NZ Fixed Interest
    5.48%
  • Fisher Institutional Trans Tasman Equity Fund
    New Zealand Australasian Equities
    4.15%
  • Nikko Global Bond Fund
    New Zealand Int Fixed Interest
    2.37%
  • ANZ Wholesale Cash Fund
    New Zealand Cash and Equivalents
    1.91%
  • Nikko Multi-Strategy Fund
    New Zealand Other
    0.01%
Type Target Actual
Cash and Cash Equivalents 3.0% 1.91%
New Zealand Fixed Interest 5.0% 5.48%
International Fixed Interest 12.0% 11.55%
Australasian Equities 20.0% 20.03%
International Equities 60.0% 61.02%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.01%
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 31st March 2023.