NZ Defence Force Shares Fund

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Fund type: Aggressive fund

Past Returns: 11.74%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 1.13%

Annual fees, including management and administration fees, but not membership fee.

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.


Fossil Fuel

Anglo American PLC 0.07%
Arc Resources Com Npv 0.04%
Atlantia Spa 0.07%
BHP Group Limited Ordinary Fully Paid 0.16%
BHP Group PLC 0.14%
BP P.L.C 0.08%
Cheniere Energy Inc 0.02%
China Petroleum & Chemical 0.01%
Citic Securities Co Ltd 0.02%
Coca Cola Co USD 0.11%
Cosmo Energy Holdings Co Ltd 0.02%
Enbridge Inc 0.02%
Eni Spa 0.12%
Equinor Asa 0.02%
Eve Energy Co Ltd 0.01%
Gazprom PJSC-Spon Adr 0.06%
Hk Electric Investments Ltd 0.03%
Hong Kong China Ga 0.01%
Itochu Enex Co Ltd 0.02%
Japan Petroleum Exploration 0.02%
Keyera Corp Com 0.01%
Koninklijke Vopak Nv 0.01%
Macquarie Infrastructure Holdings Llc 0.02%
Marathon Petrol Com 0.07%
Mitsui & Co Ltd Jpy 0.12%
Mol Hungarian Oil 0.02%
Neste Oyj 0.02%
Novatek PJSC 0.04%
Nuvista Energy Ltd 0.02%
OMV AG 0.08%
Oneok Inc 0.02%
Osaka Gas Co Ltd Jpy 0.02%
Parkland Corp 0.01%
Pembina Pipeline 0.02%
Petrochina Co Ltd H 0.02%
Phillips 66 Com Usd0.01 0.02%
Polish Oil & Gas 0.01%
Ptt Public Company Thb10 0.05%
Public Power Corp 0.05%
Repsol SA 0.03%
Royal Dutch Shell PLC-B Shs 0.07%
Rubis Eur1.25 0.05%
S-Oil Corporation 0.03%
Saras Spa 0.03%
Saudi Arabian Oil 0.02%
Sk Innovation 0.01%
Tc Energy Corp 0.02%
Vale SA 0.06%
Valero Energy Corp 0.02%
Viva Energy Group Ordinary Fully Paid Deferred Settlement 0.04%
Whitecap Resources Inc 0.02%
Williams Companies Inc 0.02%

Weapons

Tobacco

Casey'S General Stores Inc 0.09%
Dino Polska SA 0.01%

Gambling

Opap SA 0.02%
Red Rock Resorts Inc 0.04%
Skycity Entertainment Group Limited 0.49%

Alcohol

Ambev SA Adr Each Repr Ord Spons 0.03%
Ambev SA Com Npv 0.03%
Asia Cement Corporation 0.02%
Christian Dior Se 0.02%
Constellation Brands Inc-A 0.08%
Jiangsu Yanghe Brewery Joint Stock Co Ltd 0.01%
Metcash Limited 0.11%
Shanxi Xinghuacun Fen Wine Factory Co Ltd 0.02%
Wuliangye Yibin Co Ltd 0.02%

Palm Oil

GMOs

Human Rights & Environmental Violations

BHP Group Limited Ordinary Fully Paid 0.16%
BHP Group PLC 0.14%
China Petroleum & Chemical 0.01%
Duke Energy Corp Com USD 0.001 Post Rev Splt 0.01%
Evergreen Marine Corporation 0.12%
Formosa Plastics Corporation 0.04%
Israel Discount Bank 0.01%
Johnson & Johnson Com US$1 0.31%
Johnson + Johnson Common Stock Usd1.0 0.06%
Motorola Solutions Inc 0.43%
Motorola Solutions Inc Common Stock USD.01 0.01%
Mtn Group Ltd 0.01%
Nestle SA 0.18%
Petrochina Co Ltd H 0.02%
Rio Tinto PLC Ord 10P Gbp 0.09%
Royal Dutch Shell PLC-B Shs 0.07%
Southern Copper Corporation 0.02%
Vale SA 0.06%
Zte Corp 0.02%
Zte Corp-H 0.01%

Animal Testing

Advansix Inc 0.02%
Air Liquide 0.01%
Air Liquide SA Common Stock Eur5.5 0.03%
Air Water Inc 0.09%
Avi Ltd 0.01%
Basf Se 0.01%
Capri Holdings Ltd Com Npv 0.08%
Central Glass Co Ltd 0.02%
Christian Dior Se 0.02%
Church & Dwight Co 0.09%
Cj Cheikjedang Corp 0.03%
Coca Cola Co USD 0.11%
Croda International PLC Common Stock Gbp.1060976 0.05%
Dow Inc 0.12%
Earth Corporation Npv 0.03%
Ecolab Inc Common Stock Usd1.0 0.18%
Ecolab Ltd 0.08%
Estee Lauder Companies 0.01%
Estee Lauder Companies Cl A Common Stock USD.01 0.10%
Far Eastern New Century Corporation 0.05%
Formosa Plastics Corporation 0.04%
Fujifilm Holdings Corp Common Stock 0.01%
General Mills Inc 0.04%
Givaudan Reg Common Stock Chf10.0 0.02%
Glaxosmithkline PLC 0.06%
Hermes International 0.06%
Hp Inc Common Stock USD.01 0.01%
Icl Group Ltd 0.06%
Inabata & Co Ltd 0.01%
Intl Flavors & Fragrances USD 0.14%
Jeronimo Martins Sgps SA 0.01%
Johnson & Johnson Com US$1 0.31%
Johnson + Johnson Common Stock Usd1.0 0.06%
Kellogg Company 0.08%
Kerry Group PLC A Common Stock EUR.125 0.04%
Kimberly Clark Corp Com Usd1.25 0.10%
Koninklijke Dsm Nv Common Stock Eur1.5 0.08%
Kureha Corporation Npv 0.02%
L Oreal Common Stock EUR.2 0.04%
L'Oreal 0.02%
Linde PLC 0.02%
Linde PLC Common Stock EUR.001 0.05%
Mondelez International Inc 0.09%
Nagase & Co Ltd 0.04%
Nan Ya Plastics Corp 0.06%
Nestle SA 0.18%
Nippon Shokubai Jp50 0.02%
Nissan Chemical Corporation 0.03%
Nisshinbo Holdings Inc 0.04%
Pepsico Inc Cap US$0.01 2/3 0.17%
Petronas Chemicals Group Bhd 0.01%
Phosagro PJSC Gdr 0.02%
Procter & Gamble Company 0.32%
Procter + Gamble Co/The Common Stock 0.03%
Royal Dutch Shell PLC-B Shs 0.07%
Salvatore Ferragamo Spa 0.02%
Sherwin Williams Com Usd1 0.06%
Shin-Etsu Chem Co Y50 0.01%
Showa Denko Kk Jpy50 0.01%
Sk Innovation 0.01%
Sociedad Quimica Y Minera De Chile SA 0.02%
Symrise AG Common Stock 0.06%
Tokai Carbon Co Ltd 0.03%
Unilever PLC 0.02%
Unilever PLC Common Stock Gbp.0311 0.02%
Usana Helath Sciences Inc 0.02%
Wd 40 Co 0.02%
Xerox Hldgs Corp Com Usd1.00 0.02%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu Sept. 30th 2021 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.

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.

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
2021 36.11% 36.0%
2020 -6.34% -7.07%
2019 9.78% 6.28%
2018 6.95% 10.95%
2017 10.40% 11.69%

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 Fri Dec. 31st 2021.

Showing the top 10 investments for this fund:

  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    2.92%
  • Westpac Business Interest Account
    New Zealand Cash and Equivalents AA-
    1.83%
  • Microsoft Corporation
    United States International Equities
    1.8%
  • Mainfreight Limited
    New Zealand Australasian Equities
    1.72%
  • BNP Paribas US Dollar Account
    United States International Equities
    1.5%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    1.33%
  • Contact Energy Limited
    New Zealand Australasian Equities
    1.29%
  • Ebos Group Limited
    New Zealand Australasian Equities
    1.29%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    1.25%
  • Fletcher Building Limited
    New Zealand Australasian Equities
    1.13%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Dec. 31st 2021.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 2.05%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 26.0% 24.53%
International Equities 74.0% 73.42%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Dec. 31st 2021.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.35%
  • Animal Testing:
    4.13%
  • Fossil Fuels:
    2.23%
  • Gambling:
    0.56%
  • GMOs:
    0.01%
  • Human Rights & Environmental Violations:
    1.84%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.11%
  • Weapons:
    0.03%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu Sept. 30th 2021 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.

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

Note that many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"Invests almost entirely in the share market. May be suitable for investors seeking exposure mostly to shares and who are comfortable with a high level of volatility in returns."

Value $24M NZD
Period of data report Fri Dec. 31st 2021
Members 1,363
Fund started Fri Oct. 9th 2015
Total annual fund fees 1.13%
Total performance based fees 0.0%
Manager's basic fee 0.89%
Other management and administration charges 0.24%
Total other charges 27.0
Total other charges currency NZD

Key Personnel

Kristen Kohere-Soutar

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

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (12 years, 10 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

Kylie Willment

Currently: Chief Investment Officer Pacific Mercer Australia (Pty) Ltd (4 years, 2 months)
Previously: Senior Manager Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

Ronan Mccabe

Currently: Chief Investment Officer - New Zealand Mercer (N.Z.) Ltd (1 years, 4 months)
Previously: Head of Portfolio Management Delegated Solutions Pacific Mercer Australia (Pty) Ltd (current) (2 years, 9 months)

Robert Kavanagh

Currently: Head of Portfolio Management NZ - Mercer (N.Z.) Ltd (7 years, 9 months)
Previously: Vice President - Account Management PIMCO Australia Pty Limited (7 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Dec. 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Markets Conduct Act 2013 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.