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-Class A 0.87%
    • Johnson & Johnson 0.65%
    • Caterpillar Inc 0.47%
    • Thermo Fisher Scientific Inc 0.06%
    • Rio Tinto Ltd 0.04%
    • Thermo Fisher Scientific 0.04%
    • Wells Fargo & Co 0.03%
    • Motorola Solutions Inc 0.02%
    • Uber Technologies Inc 0.01%
    • BHP Group Ltd 0.19% !!
      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
    • P G & E Corp 0.06%
    • Shell International Fin 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
    • 3M Co 0.02%
    • Corteva Inc 0.02%
    • Nufarm Ltd 0.01%
    • Nutrien Ltd 0.01%
    • Procter & Gamble Co/The 0.70%
    • L'Oreal 0.34%
    • Exxon Mobil Corporation 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
    • Sherwin-Williams Co 0.04%
    • Unilever PLC-Sponsored Adr 0.04%
    • Colgate-Palmolive Co 0.03%
    • Shell International Fin 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
    • 3M Co 0.02%
    • Corteva Inc 0.02%
    • Estee Lauder Companies-Cl A 0.02%
    • Hermes International 0.02%
    • Kering 0.02%
    • Kimberly-Clark De Mexico-A 0.02%
    • Shin-Etsu Chemical Co Ltd 0.02%
    • Albemarle Corp 0.01%
    • Church & Dwight Co Inc 0.01%
    • Coty Inc 0.01%
    • Dupont De Nemours Inc 0.01%
    • Ecolab Inc 0.01%
    • Givaudan-Reg 0.01%
    • Mosaic Co 0.01%
    • Nufarm Ltd 0.01%
    • Nutrien Ltd 0.01%
    • Orica Ltd 0.01%
    • PPG Industries Inc 0.01%
    • Ralph Lauren Corp 0.01%
    • Rpm International Inc 0.01%
    • Tapestry Inc 0.01%
    • Walmart Inc 0.78%
    • Booz Allen Hamilton Holdings 0.02%
    • Dick'S Sporting Goods 0.02%
    • Transdigm Group Inc 0.02%
    • Amphenol Corp 0.01%
    • Caci International Inc -Cl A 0.01%
    • Teledyne Technologies Inc 0.01%
    • Contact Energy Ltd 1.18% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.19% !!
      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
    • Enbridge Inc 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
    • National Grid PLC 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
    • 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
    • Sempra Energy 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
    • Tc Energy Corp 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
    • Williams Cos 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
    • Consolidated Edison Inc 0.06%
    • Oneok Inc 0.06%
    • P G & E Corp 0.06%
    • Valero Energy Corp 0.06%
    • Kinder Morgan Inc 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
    • Ampol Ltd 0.04%
    • Exxon Mobil Corporation 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
    • Fortis Inc 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 Ltd 0.04%
    • Atmos Energy Corp 0.03%
    • Centerpoint Energy Inc 0.03%
    • Fairfax Finl Hldgs Ltd 0.03%
    • Halliburton Co 0.03%
    • Loews Corp 0.03%
    • Marathon Petroleum Corp 0.03%
    • Pembina Pipeline Corp 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
    • Phillips 66 Co 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
    • Shell International Fin 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%
    • Viva Energy Group Ltd 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
    • Weg SA 0.03%
    • Apa Group 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
    • Cassa Depositi E Prestit 0.02%
    • Hong Kong & China Gas 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
    • Jefferies Fin Group Inc 0.02%
    • Nisource Inc 0.02%
    • Snam Spa 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
    • Tokyo Gas 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
    • Edp-Energias De Portugal SA 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Enel Spa 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Enn Energy Holdings Ltd 0.01%
    • Fairfax Financial Hldgs Ltd 0.01%
    • Hf Sinclair Corp 0.01%
    • Iberdrola SA 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Keyera 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
    • Naturgy Energy Group SA 0.01%
    • Orica Ltd 0.01%
    • Pbf Energy Inc-Class A 0.01%
    • Texas Pacific Land Corp 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 30th Sept. 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

This life cycle investment stage invests 60% in the Lifestages High Growth Fund and 40% in the Lifestages Income Fund, which is regarded as providing appropriate levels of risk and return for a person aged 55-59.

Value $19.9M NZD
Period of data report 31st Dec. 2023
Members 547
Fund started 14th Oct. 2015
Total annual fund fees 0.98%
Total performance based fees 0.0%
Manager's basic fee 0.68%
Other management and administration charges 0.3%
Total other charges 16.0
Total other charges currency NZD

Phil Ellison

Currently: Non-executive Director / Investment Committee member (1 years, 5 months)
Previously: Founder and CEO, Finance Now Ltd (22 years, 1 months)

Martin Pike

Currently: Head of Investments (8 years, 3 months)
Previously: National Manager, Investment Product & Services, AMP Financial Services (2 years, 4 months)

Morne Redgard

Currently: Chief Executive Officer, Funds Adminstration New Zealand (0 years, 7 months)
Previously: Chief Customer Officer, Kiwi Wealth Ltd (1 years, 8 months)

Mike Skilling

Currently: Non-executive Director / Investment Committee chairperson (7 years, 7 months)
Previously: GM Business Financial Services & Private Banking, BNZ (8 years, 0 months)

Derek Young

Currently: Chief Operating Officer (0 years, 5 months)
Previously: Executive Director, Funds Administration New Zealand Ltd (19 years, 1 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 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 -2.79% -2.8%
2022 0.71% 0.96%
2021 17.98% 18.74%
2020 -1.40% -3.9%
2019 5.81% 5.71%
2018 5.28% 3.52%
2017 5.86% 7.53%

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 Dec. 2023.

Top 10 Investments

  • Dimensional Global Sustainability PIE Fund (NZD Hedged)
    New Zealand International Equities
    21.15%
  • Ishares Global Aggregate Bond ESG Ucits ETF NZD Hedged
    Ireland Int Fixed Interest
    8.61%
  • Harbour NZ Core Fixed Interest Fund
    New Zealand NZ Fixed Interest
    8.27%
  • Dimensional Global Bond Sustainability Trust – NZD Class Units
    Australia Int Fixed Interest
    7.28%
  • Dimensional Five-Year Diversified Fixed Interest Trust - NZD Class
    Australia Int Fixed Interest
    4.07%
  • Schroder Emerging Markets Sustainable Fund - Wholesale Class
    Australia International Equities
    2.99%
  • Dimensional Australian Sustainability PIE Fund
    Australia Australasian Equities
    2.98%
  • Dimensional Two-Year Sustainability Fixed Interest Trust – NZD Class Units
    Australia Int Fixed Interest
    2.96%
  • Cash Deposit (ANZ Bank)
    New Zealand Cash and Equivalents
    2.33%
  • Kernel Global Infrastructure (NZD Hedged) Fund
    New Zealand Other
    2.15%
Type Target Actual
Cash and Cash Equivalents 7.2% 7.33%
New Zealand Fixed Interest 10.0% 9.33%
International Fixed Interest 24.0% 22.92%
Australasian Equities 15.6% 15.67%
International Equities 43.2% 41.48%
Listed Properties 0.0% 1.12%
Unlisted Properties 0.0% 0.0%
Other 0.0% 2.15%
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 Dec. 2023.