Fund type: Defensive fund
Past Returns: *3.73%Where a company has multiple ethical concerns, the total concerns percentage counts this investment once.
The average total concerns of all funds of the same risk profile is weighted by the funds' investment values.
The average total concerns of all KiwiSaver defensive funds is 0.86%.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
One of Aotearoa New Zealand’s largest electric utilities companies. Operates three thermal power stations that employ gas and diesel. In FY2024, 81% of the energy Contact generated came from renewable energy (lower than in 2023 due to a dry winter). However, at the end of 2024 Contact opened a major new geothermal renewable facility - the Tauhara plant. It is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Fonterra ranks as the fifth largest source of greenhouse gas emissions among agri-food companies globally. This position is reflective of the heavy environmental footprint of the dairy industry, notably of methane (GHG) produced by dairy herds and other harm from intensive dairy farming practices such as through high nitrogen runoff into rivers, which flow into oceans.
At Aurora Capital (AC), the focus of our responsible investment approach is to prioritise the climate and environment and to support the change that's needed to create a healthier climate and environment. We actively exclude companies that do more social and environmental harm than good, however, we accept that we can’t be all things to all people. While exclusions are important in avoiding the most harmful activities, using the climate and environment as an example, exclusions can’t create the change that’s needed to reduce carbon emissions, which is central to improving the climate crisis. We need to do more than simply exclude high carbon emitting companies; we also need to fund innovations that are needed to replace legacy carbon emitting processes. We may invest in companies that currently have high carbon emissions provided they are on a path to a renewable future. Please see our website for more information about our Responsible Investing Policy and exclusions: https://www.aurora.co.nz/assets/Fund-Documents/Aurora_Responsible_Investment_Feb24.pdf
Fund type: Defensive fund
Past Returns: *3.73%Provides exposure to an actively managed portfolio of bank bills, floating rate notes and mainly short-term deposits and securities, that targets capital security and liquidity. Environmental, Social and Governance characteristics are integrated into investment process where applicable.
| Value | $43.1M NZD |
| Period of data report | 31st March 2025 |
| Members | 3,499 |
| Fund started | 13th May 2022 |
| Total annual fund fees | 0.4% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.4% |
| Other management and administration charges | 0.0% |
| Total other charges | 36.0 |
| Total other charges currency | NZD |
|
Sharon Mackay |
Currently: CEO/COO, Aurora Capital (0 years, 3 months)
|
|
Sean Henaghan |
Currently: CIO & Director, Aurora Capital (3 years, 11 months)
|
|
Stefan Smith |
Currently: Senior Multi-Asset Investment Analyst, Aurora Capital (0 years, 1 months)
|
|
George Steele |
Currently: Operations Lead (3 years, 0 months)
|
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.
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 |
|---|---|---|
| 2025 | 3.81% | 3.59% |
| 2024 | 3.51% | 3.87% |
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 2025.
Mercer Macquarie NZ Cash Fund
New Zealand Cash and Equivalents
Cash At Bank (BNZ)
New Zealand Cash and Equivalents AA-
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 100.0% | 100.0% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.
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 2025 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.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
One of Aotearoa New Zealand’s largest electric utilities companies. Operates three thermal power stations that employ gas and diesel. In FY2024, 81% of the energy Contact generated came from renewable energy (lower than in 2023 due to a dry winter). However, at the end of 2024 Contact opened a major new geothermal renewable facility - the Tauhara plant. It is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Fonterra ranks as the fifth largest source of greenhouse gas emissions among agri-food companies globally. This position is reflective of the heavy environmental footprint of the dairy industry, notably of methane (GHG) produced by dairy herds and other harm from intensive dairy farming practices such as through high nitrogen runoff into rivers, which flow into oceans.
At Aurora Capital (AC), the focus of our responsible investment approach is to prioritise the climate and environment and to support the change that's needed to create a healthier climate and environment. We actively exclude companies that do more social and environmental harm than good, however, we accept that we can’t be all things to all people. While exclusions are important in avoiding the most harmful activities, using the climate and environment as an example, exclusions can’t create the change that’s needed to reduce carbon emissions, which is central to improving the climate crisis. We need to do more than simply exclude high carbon emitting companies; we also need to fund innovations that are needed to replace legacy carbon emitting processes. We may invest in companies that currently have high carbon emissions provided they are on a path to a renewable future. Please see our website for more information about our Responsible Investing Policy and exclusions: https://www.aurora.co.nz/assets/Fund-Documents/Aurora_Responsible_Investment_Feb24.pdf
Fund type: Defensive fund
Past Returns: *3.73%Provides exposure to an actively managed portfolio of bank bills, floating rate notes and mainly short-term deposits and securities, that targets capital security and liquidity. Environmental, Social and Governance characteristics are integrated into investment process where applicable.
| Value | $43.1M NZD |
| Period of data report | 31st March 2025 |
| Members | 3,499 |
| Fund started | 13th May 2022 |
| Total annual fund fees | 0.4% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.4% |
| Other management and administration charges | 0.0% |
| Total other charges | 36.0 |
| Total other charges currency | NZD |
|
Sharon Mackay |
Currently: CEO/COO, Aurora Capital (0 years, 3 months)
|
|
Sean Henaghan |
Currently: CIO & Director, Aurora Capital (3 years, 11 months)
|
|
Stefan Smith |
Currently: Senior Multi-Asset Investment Analyst, Aurora Capital (0 years, 1 months)
|
|
George Steele |
Currently: Operations Lead (3 years, 0 months)
|
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.
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 |
|---|---|---|
| 2025 | 3.81% | 3.59% |
| 2024 | 3.51% | 3.87% |
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 2025.
Mercer Macquarie NZ Cash Fund
New Zealand Cash and Equivalents
Cash At Bank (BNZ)
New Zealand Cash and Equivalents AA-
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 100.0% | 100.0% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.
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 2025 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.
