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. 1.13%
    • Johnson & Johnson 0.31%
    • Motorola Solutions Inc 0.19%
    • Nestlé 0.19%
    • Wells Fargo 0.18%
    • Thermo Fisher Scientific 0.08%
    • Ubs 0.07%
    • Zijin Mining 0.07%
    • Caterpillar 0.06%
    • Petrochina Co Ltd 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
    • Uber Technologies, Inc. 0.05%
    • Rio Tinto 0.04%
    • Bank Hapoalim B.M. 0.03%
    • Palantir Technologies 0.03%
    • Saudi Aramco 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
    • Glencore 0.02%
    • Zte Corp 0.02%
    • BHP Group 0.16% !!
      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
    • Chevron Corp. 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
    • Pg&E Corp 0.09%
    • Vale SA 0.08%
    • Shell 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
    • Zijin Mining 0.07%
    • Duke Energy Corp 0.05%
    • 3M 0.03%
    • Beijing Tong Ren Tang Chinese Medicine Co Ltd 0.03%
    • Freeport-Mcmoran Inc 0.03%
    • Pt Astra International Tbk 0.03%
    • Barrick Gold 0.02%
    • Basf Se 0.02%
    • Glencore 0.02%
    • Ijm Corp Bhd 0.02%
    • Jbs SA 0.02%
    • Bayer 0.01%
    • Corteva, Inc. 0.01%
    • Evergreen Marine Corp 0.01%
    • Nutrien Ltd. 0.01%
    • LVMH Moët Hennessy Louis Vuitton Se 0.41%
    • Procter & Gamble Co. 0.28%
    • Koninklijke Ahold Delhaize Nv 0.26%
    • Exxon Mobil Corp. 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
    • Eni Spa 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
    • Kering SA 0.11%
    • Tyson Foods Inc 0.10%
    • Chevron Corp. 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
    • Hermès International Sca 0.09%
    • Shell 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
    • Colgate-Palmolive Co. 0.05%
    • Unilever PLC 0.05%
    • Air Liquide 0.04%
    • L'Oréal SA 0.04%
    • 3M 0.03%
    • Kimberly-Clark Corp. 0.03%
    • Otsuka Holdings Co., Ltd. 0.03%
    • Shin-Etsu Chemical Co., Ltd. 0.03%
    • The Sherwin-Williams Co. 0.03%
    • Basf Se 0.02%
    • Ecolab, Inc. 0.02%
    • Givaudan SA 0.02%
    • Jbs SA 0.02%
    • Kcc Corp. 0.02%
    • Bayer 0.01%
    • Corteva, Inc. 0.01%
    • Dow, Inc. 0.01%
    • Dupont De Nemours 0.01%
    • Nutrien Ltd. 0.01%
    • Orbia Advance Corp. Sab De Cv 0.01%
    • Sabic 0.01%
    • Mtu Aero Engines AG 0.20%
    • Amphenol Corp. 0.15%
    • Howmet Aerospace, Inc. 0.04%
    • Transdigm Group, Inc. 0.03%
    • Daikin Industries Ltd. 0.01%
    • Rheinmetall AG 0.01%
    • Contact Energy Ltd. 1.46% 1.5°C
      This company is on a 1.5°C pathway
    • Totalenergies Se 0.24% !!
      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
    • Engie SA 0.20% !!
      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, Inc. 0.20%
    • National Grid PLC 0.18% !!
      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
    • Exxon Mobil Corp. 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
    • Itochu Corp. 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
    • BHP Group 0.16% !!
      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
    • American Electric Power Co., Inc. 0.13%
    • Atmos Energy Corp. 0.13%
    • Eni Spa 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
    • BP 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
    • Chevron Corp. 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
    • Dominion Energy, Inc. 0.09%
    • Pg&E Corp 0.09%
    • Vale SA 0.08%
    • Xcel Energy, Inc. 0.08%
    • Shell 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
    • Petrobras 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
    • Alliant Energy Corp. 0.05%
    • Duke Energy Corp 0.05%
    • OMV AG 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
    • Petrochina Co Ltd 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
    • Centerpoint Energy, Inc. 0.04%
    • Conocophillips 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
    • Edp-Energias De Portugal SA 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Genesis Energy Ltd. 0.04%
    • Pinnacle West Capital Corp. 0.04%
    • Portland General Electric Co. 0.04%
    • Repsol 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
    • Rio Tinto 0.04%
    • Snam Spa 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
    • The Southern Co. 0.04%
    • Constellation Energy Corp. 0.03%
    • Enbridge, 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
    • Enel 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Iberdrola 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Nippon Yusen Kk 0.03%
    • Nrg Energy, Inc. 0.03%
    • Pt Astra International Tbk 0.03%
    • Saudi Aramco 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%
    • Acwa Power 0.02%
    • Aes Corporation 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
    • Barrick Gold 0.02%
    • Canadian Natural Resources Ltd. 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
    • Channel Infrastructure 0.02%
    • Enn Clean Energy International Investment Ltd. 0.02%
    • Eog Resources, Inc. 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
    • Equinor 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
    • Glencore 0.02%
    • Kinder Morgan, Inc. 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
    • Koç Holding A.S. 0.02%
    • Marathon Petroleum 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
    • Mitsui & Co., Ltd. 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
    • Occidental Petroleum 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
    • Oneok, Inc. 0.02%
    • Phillips 66 0.02%
    • Ppl Corp. 0.02%
    • Public Service Enterprise Group, Inc. 0.02%
    • Sempra Energy 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
    • Suncor Energy, Inc. 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
    • Tc 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
    • The Williams Cos., Inc. 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
    • Valero Energy Corp. 0.02%
    • Cenovus 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
    • 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
    • Consolidated Edison, Inc. 0.01%
    • Diamondback 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
    • E.On Se 0.01%
    • Fairfax Financial Holdings Ltd. 0.01%
    • Gd Power Development Co., Ltd. 0.01%
    • Hd Hyundai Co., Ltd. 0.01%
    • Hess 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
    • Japan Petroleum Exploration 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
    • Loews Corp. 0.01%
    • Lx International Corp. 0.01%
    • Marubeni 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
    • Samsung C&T Corp. 0.01%
    • Vistra Energy 0.01%
    • Wec Energy Group, Inc. 0.01%
    • Woodside Energy Group 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

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

Invests almost entirely in growth assets such as shares and real assets, with only a small amount invested in defensive assets such as fixed interest and cash. May be suitable for investors wanting to invest predominantly in growth assets, who want higher long-term returns and are comfortable with high volatility in returns.

Value $61.8M NZD
Period of data report 30th Sept. 2024
Members 2,214
Fund started 9th Oct. 2015
Total annual fund fees 1.02%
Total performance based fees 0.0%
Manager's basic fee 0.81%
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, 5 months)
Previously: Director Investments (Australia) Limited (current) (10 years, 4 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (15 years, 7 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, 11 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, 4 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 (1 years, 2 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 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 14.19% 14.2%
2023 -4.84% -4.39%
2022 3.55% 3.33%
2021 33.87% 30.32%
2020 -6.10% -6.56%
2019 10.35% 6.08%
2018 6.95% 9.13%
2017 10.40% 10.48%

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

  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    3.65%
  • Microsoft Corporation
    United States International Equities
    2.46%
  • Infratil Limited
    New Zealand Australasian Equities
    2.16%
  • Nvidia Corp
    United States International Equities
    2.13%
  • Apple Inc
    United States International Equities
    2.01%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    1.94%
  • First Sentier Global Listed Infrastructure Fund
    New Zealand Other
    1.65%
  • Contact Energy Limited
    New Zealand Australasian Equities
    1.46%
  • Mainfreight Limited
    New Zealand Australasian Equities
    1.38%
  • Amazon.Com Inc
    United States International Equities
    1.38%
Type Target Actual
Cash and Cash Equivalents 1.0% 1.72%
New Zealand Fixed Interest 1.0% 1.46%
International Fixed Interest 3.0% 1.47%
Australasian Equities 25.0% 23.9%
International Equities 65.0% 65.26%
Listed Properties 2.5% 3.63%
Unlisted Properties 0.0% 0.0%
Other 2.5% 2.56%
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 Sept. 2024.