Fund type: Conservative fund
Past Returns: *3.49%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 conservative funds is 3.58%.
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.
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Where companies are involved in the production or distribution of chemicals which are highly hazardous to human or environmental health including herbicides, pesticides and PFAS.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
The Norwegian-based seafood company is heavily involved in the aquaculture industry, accounting for 23% of the global salmon market. They have been criticised for malpractice by NGO, Wildfish, for using chemical pesticides and causing animal harm in their Scottish salmon farms and by First Nation groups for environmental damage and biodiversity loss in Canada.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Quanta Services provides infrastructure solutions for the oil and gas industry. Companies involved in oil and gas services provide tailor-made products and services for the oil and gas sector including exploration and production.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Operates electric and natural gas transmission systems in the UK and US. It also operates facilities for storing LNG. including the Grain LNG terminal in the UK which is the largest LNG facility in Europe and 8th globally.
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Where companies are involved in the production or distribution of chemicals which are highly hazardous to human or environmental health including herbicides, pesticides and PFAS.
Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.
The world’s largest social network (Facebook, Instagram, Messenger, WhatsApp). Company has faced claims and legal actions due to mental health harm (notably to young people), breaches of user privacy / data rights, and the spread of misinformation. Inadequate moderating in non-English speaking countries (e.g. Myanmar) allowed the platform to be used to incite ethnic violence. Removal of content moderation from strt of 2025 increases risk of social and political harm.
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: Conservative fund
Past Returns: *3.49%Designed for first home buyers, aiming to provide stable short-term investment returns. It invests in mostly income assets, but also includes some growth assets. The portfolio is actively managed and includes cash, fixed interest, Australasian equities and international equities, infrastructure. Environmental, Social and Governance (ESG) and sustainability considerations are integrated into portfolio decision making. The strategy invests 75% in the Aurora Conservative Fund and 25% in the Aurora Liquidity Fund.
| Value | $79.2M NZD |
| Period of data report | 31st March 2026 |
| Members | 2,682 |
| Fund started | 21st Aug. 2023 |
| Total annual fund fees | 1.04% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.77% |
| Other management and administration charges | 0.27% |
| Total other charges | 36.0 |
| Total other charges currency | NZD |
|
Sharon Mackay |
Currently: CEO/COO, Aurora Capital (1 years, 3 months)
|
|
Sean Henaghan |
Currently: CIO/Director (4 years, 11 months)
|
|
Stefan Smith |
Currently: Senior Multi-Asset Investment Analyst (1 years, 1 months)
|
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2026.
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 |
|---|---|---|
| 2026 | 3.96% | 3.2% |
| 2025 | 3.59% | 3.78% |
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 2026.
Mercer Macquarie NZ Cash Fund
New Zealand Cash and Equivalents
Metlife Global Impact Bond Fund - Class A
Australia Int Fixed Interest
Mercer Macquarie NZ Fixed Interest PIE
New Zealand NZ Fixed Interest
Brandywine Global Opportunistic Equity Fund
New Zealand International Equities
Pella Global Generations PIE Fund
New Zealand International Equities
Merricks Capital Partners PIE Fund
New Zealand Other
Kernel NZ 50 ESG Tilted Fund
New Zealand Australasian Equities
Mint Australasian Equity Fund
New Zealand Australasian Equities
Pcg Diversified New Zealand Private Debt Fund
New Zealand NZ Fixed Interest
Munro Global Growth Climate Leaders PIE Fund
New Zealand International Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 36.25% | 42.57% |
| New Zealand Fixed Interest | 22.5% | 19.83% |
| International Fixed Interest | 22.5% | 22.08% |
| Australasian Equities | 6.0% | 3.71% |
| International Equities | 12.75% | 9.55% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 2.27% |
| 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 2026.
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 2026 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, 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.
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Where companies are involved in the production or distribution of chemicals which are highly hazardous to human or environmental health including herbicides, pesticides and PFAS.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
The Norwegian-based seafood company is heavily involved in the aquaculture industry, accounting for 23% of the global salmon market. They have been criticised for malpractice by NGO, Wildfish, for using chemical pesticides and causing animal harm in their Scottish salmon farms and by First Nation groups for environmental damage and biodiversity loss in Canada.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Quanta Services provides infrastructure solutions for the oil and gas industry. Companies involved in oil and gas services provide tailor-made products and services for the oil and gas sector including exploration and production.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Operates electric and natural gas transmission systems in the UK and US. It also operates facilities for storing LNG. including the Grain LNG terminal in the UK which is the largest LNG facility in Europe and 8th globally.
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Where companies are involved in the production or distribution of chemicals which are highly hazardous to human or environmental health including herbicides, pesticides and PFAS.
Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.
The world’s largest social network (Facebook, Instagram, Messenger, WhatsApp). Company has faced claims and legal actions due to mental health harm (notably to young people), breaches of user privacy / data rights, and the spread of misinformation. Inadequate moderating in non-English speaking countries (e.g. Myanmar) allowed the platform to be used to incite ethnic violence. Removal of content moderation from strt of 2025 increases risk of social and political harm.
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: Conservative fund
Past Returns: *3.49%Designed for first home buyers, aiming to provide stable short-term investment returns. It invests in mostly income assets, but also includes some growth assets. The portfolio is actively managed and includes cash, fixed interest, Australasian equities and international equities, infrastructure. Environmental, Social and Governance (ESG) and sustainability considerations are integrated into portfolio decision making. The strategy invests 75% in the Aurora Conservative Fund and 25% in the Aurora Liquidity Fund.
| Value | $79.2M NZD |
| Period of data report | 31st March 2026 |
| Members | 2,682 |
| Fund started | 21st Aug. 2023 |
| Total annual fund fees | 1.04% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.77% |
| Other management and administration charges | 0.27% |
| Total other charges | 36.0 |
| Total other charges currency | NZD |
|
Sharon Mackay |
Currently: CEO/COO, Aurora Capital (1 years, 3 months)
|
|
Sean Henaghan |
Currently: CIO/Director (4 years, 11 months)
|
|
Stefan Smith |
Currently: Senior Multi-Asset Investment Analyst (1 years, 1 months)
|
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2026.
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 |
|---|---|---|
| 2026 | 3.96% | 3.2% |
| 2025 | 3.59% | 3.78% |
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 2026.
Mercer Macquarie NZ Cash Fund
New Zealand Cash and Equivalents
Metlife Global Impact Bond Fund - Class A
Australia Int Fixed Interest
Mercer Macquarie NZ Fixed Interest PIE
New Zealand NZ Fixed Interest
Brandywine Global Opportunistic Equity Fund
New Zealand International Equities
Pella Global Generations PIE Fund
New Zealand International Equities
Merricks Capital Partners PIE Fund
New Zealand Other
Kernel NZ 50 ESG Tilted Fund
New Zealand Australasian Equities
Mint Australasian Equity Fund
New Zealand Australasian Equities
Pcg Diversified New Zealand Private Debt Fund
New Zealand NZ Fixed Interest
Munro Global Growth Climate Leaders PIE Fund
New Zealand International Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 36.25% | 42.57% |
| New Zealand Fixed Interest | 22.5% | 19.83% |
| International Fixed Interest | 22.5% | 22.08% |
| Australasian Equities | 6.0% | 3.71% |
| International Equities | 12.75% | 9.55% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 2.27% |
| 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 2026.
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 2026 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.
