Fund type: Conservative fund
Past Returns: *3.78%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 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.
Procter & Gamble Co. is a consumer products company involved in home goods, cosmetics and healthcare products. The company says they are committed to being cruelty free and ending animal testing, but are still involved in animal testing their cosmetic products, particularly on ingredients for cosmetics.
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.
Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
Manufactures heavy equipment including large D9 bulldozers over a long period to the Israeli military. They have been used in demolishing Palestinian homes in illegally occupied territories, constructing illegal settlements and infrastructure. Also evidence of use in other conflict-affected areas, including Myanmar and the Western Sahara. Continued supply to conflict areas indicates lack of governance over human rights impacts and international norms.
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.
Johnson & Johnson is the world's largest and most diverse healthcare firm. Repeated incidents related to the quality and safety of several of its products across drugs, devices, and consumer products. Exceptioanlly high number of liability claims relating to talc based products and links to cancers.
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.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
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.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
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.
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 source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
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.
Where companies are involved in the manufacturing or retail of firearms, including guns, rifles, pistols, or components or services thereof.
The USA’s largest retailer by sales, selling a variety of general merchandise and grocery items. Walmart retails shotguns, pistols and ammunition at some of its stores in the USA, as well as components for firearms such as scopes (less than 1% given scale of other lines). Walmart operates stricter controls on firearms than required by US federal law.
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, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
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.
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: *3.78%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 | $71.5M NZD |
| Period of data report | 31st March 2025 |
| Members | 2,584 |
| Fund started | 21st Aug. 2023 |
| Total annual fund fees | 1.04% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.04% |
| 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 | 3.91% | 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 2025.
Mercer Macquarie NZ Cash Fund
New Zealand Cash and Equivalents
Affirmative Global Impact Bond Fund - Class A
Australia Int Fixed Interest
Mercer Macquarie NZ Fixed Interest PIE
New Zealand NZ Fixed Interest
Ftgf Brandywine Global Opportunistic Equity Fund Class Lm NZ
Ireland International Equities
Mint Australasian Equity Fund
New Zealand Australasian Equities
Kernel NZ 50 ESG Tilted Fund
New Zealand Australasian Equities
Cash At Bank (BNZ)
New Zealand Cash and Equivalents AA-
Pcg Diversified New Zealand Private Debt Fund
New Zealand NZ Fixed Interest
Mahindra & Mahindra Limited
India International Equities
Currency Contracts
New Zealand Other
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 36.25% | 39.04% |
| New Zealand Fixed Interest | 22.5% | 23.92% |
| International Fixed Interest | 22.5% | 23.36% |
| Australasian Equities | 6.0% | 4.92% |
| International Equities | 12.75% | 8.57% |
| Listed Properties | 0.0% | 0.03% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.16% |
| 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 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.
Procter & Gamble Co. is a consumer products company involved in home goods, cosmetics and healthcare products. The company says they are committed to being cruelty free and ending animal testing, but are still involved in animal testing their cosmetic products, particularly on ingredients for cosmetics.
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.
Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
Manufactures heavy equipment including large D9 bulldozers over a long period to the Israeli military. They have been used in demolishing Palestinian homes in illegally occupied territories, constructing illegal settlements and infrastructure. Also evidence of use in other conflict-affected areas, including Myanmar and the Western Sahara. Continued supply to conflict areas indicates lack of governance over human rights impacts and international norms.
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.
Johnson & Johnson is the world's largest and most diverse healthcare firm. Repeated incidents related to the quality and safety of several of its products across drugs, devices, and consumer products. Exceptioanlly high number of liability claims relating to talc based products and links to cancers.
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.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
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.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
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.
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 source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
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.
Where companies are involved in the manufacturing or retail of firearms, including guns, rifles, pistols, or components or services thereof.
The USA’s largest retailer by sales, selling a variety of general merchandise and grocery items. Walmart retails shotguns, pistols and ammunition at some of its stores in the USA, as well as components for firearms such as scopes (less than 1% given scale of other lines). Walmart operates stricter controls on firearms than required by US federal law.
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, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
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.
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: *3.78%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 | $71.5M NZD |
| Period of data report | 31st March 2025 |
| Members | 2,584 |
| Fund started | 21st Aug. 2023 |
| Total annual fund fees | 1.04% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.04% |
| 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 | 3.91% | 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 2025.
Mercer Macquarie NZ Cash Fund
New Zealand Cash and Equivalents
Affirmative Global Impact Bond Fund - Class A
Australia Int Fixed Interest
Mercer Macquarie NZ Fixed Interest PIE
New Zealand NZ Fixed Interest
Ftgf Brandywine Global Opportunistic Equity Fund Class Lm NZ
Ireland International Equities
Mint Australasian Equity Fund
New Zealand Australasian Equities
Kernel NZ 50 ESG Tilted Fund
New Zealand Australasian Equities
Cash At Bank (BNZ)
New Zealand Cash and Equivalents AA-
Pcg Diversified New Zealand Private Debt Fund
New Zealand NZ Fixed Interest
Mahindra & Mahindra Limited
India International Equities
Currency Contracts
New Zealand Other
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 36.25% | 39.04% |
| New Zealand Fixed Interest | 22.5% | 23.92% |
| International Fixed Interest | 22.5% | 23.36% |
| Australasian Equities | 6.0% | 4.92% |
| International Equities | 12.75% | 8.57% |
| Listed Properties | 0.0% | 0.03% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.16% |
| 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.
