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.

This fund has no investments in issues of concern

Key:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

Fund Provider Response

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

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

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 $33.4M NZD
Period of data report 30th June 2024
Members 2,760
Fund started 13th May 2022
Total annual fund fees 0.35%
Total performance based fees 0.0%
Manager's basic fee 0.35%
Other management and administration charges 0.0%
Total other charges 36.0
Total other charges currency NZD

Simon Rolland

Currently: CEO & Director, Aurora Capital (3 years, 2 months)
Previously: CEO & Director, Aurora Financial (6 years, 0 months)

Sean Henaghan

Currently: CIO & Director, Aurora Capital (3 years, 2 months)
Previously: CIO & Director, Multi-Asset Group, AMP Capital (5 years, 0 months)

Ian Coates

Currently: General Manager, Aurora Capital (2 years, 4 months)
Previously: Head of KiwiSaver, Aurora Financial (2 years, 0 months)

Thomas Mcrobie

Currently: Investment Analyst, Aurora Capital (3 years, 2 months)
Previously: Financial adviser, Aurora Financial (2 years, 1 months)

George Steele

Currently: Operations Lead (2 years, 3 months)
Previously: Compliance Officer (0 years, 11 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 3.40% 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 30th June 2024.

Top 10 Investments

  • Mercer Macquarie NZ Cash Fund
    New Zealand Cash and Equivalents AA-
    99.56%
  • Cash At Bank (BNZ)
    New Zealand Cash and Equivalents AA-
    0.44%
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%

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.