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

    • Thermo Fisher Scientific Inc 0.84%
    • Nestle SA-Reg 0.75%
    • Meta Platforms Inc-Class A 0.70%
    • Johnson & Johnson 0.34%
    • Caterpillar Inc 0.22%
    • Mtn Group Ltd 0.09%
    • Nestle Holdings Inc 0.09%
    • Mattel Inc 0.07%
    • Wells Fargo & Co 0.07%
    • Meta Platforms Inc 0.05%
    • Uber Technologies Inc 0.05%
    • Wells Fargo & Company 0.04%
    • Rio Tinto PLC 0.03%
    • Motorola Solutions Inc 0.02%
    • Rio Tinto Ltd 0.01%
    • BHP 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
    • P G & E Corp 0.03%
    • Evergreen Marine Corp Ltd 0.01%
    • Nutrien Ltd 0.01%
    • LVMH Moet Hennessy Louis Vui 1.33%
    • Procter & Gamble Co/The 0.82%
    • L'Oreal 0.40%
    • Koninklijke Ahold Delhaize N 0.27%
    • Shin-Etsu Chemical Co Ltd 0.27%
    • Estee Lauder Companies-Cl A 0.23%
    • Hermes International 0.21%
    • Mowi Asa 0.11%
    • Pilgrim'S Pride Corp 0.09%
    • Ashland Global Holdings Inc 0.08%
    • Kering 0.08%
    • Unilever Capital Corp 0.07%
    • Air Liquide SA 0.05%
    • Unilever PLC 0.05%
    • Colgate-Palmolive Co 0.04%
    • Mosaic Co/The 0.04%
    • PPG Industries Inc 0.03%
    • Cal-Maine Foods Inc 0.02%
    • Dow Inc 0.02%
    • Eastman Chemical Co 0.02%
    • Kimberly-Clark Corp 0.02%
    • Koninklijke Dsm Nv 0.02%
    • Kumho Petrochemical Co Ltd 0.02%
    • Otsuka Corp 0.02%
    • Nutrien Ltd 0.01%
    • Walmart Inc 0.26%
    • Amphenol Corp-Cl A 0.24%
    • Howmet Aerospace Inc 0.05%
    • Embraer SA-Spon Adr 0.03%
    • Transdigm Inc 0.03%
    • Contact Energy Ltd 0.58% 1.5°C
      This company is on a 1.5°C pathway
    • Nextera Energy Inc 0.43%
    • Cheniere Energy Inc 0.13% !!
      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
    • Itochu Corp 0.11% !!
      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
    • Centrica PLC 0.07%
    • Teck Resources Ltd-Cls B 0.07%
    • Canadian Utilities Ltd-A 0.06%
    • Clearway Energy Inc-C 0.06%
    • Enn Energy Holdings Ltd 0.05%
    • Valero Energy Corp 0.05%
    • Williams Companies 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
    • Iberdrola SA 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Jefferies Financial Group In 0.04%
    • BHP 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
    • P G & E Corp 0.03%
    • Public Service Enterprise Gp 0.03%
    • Rwe AG 0.03%
    • Sempra Energy 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
    • Tokyo Gas Co 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
    • Ameren Corporation 0.02%
    • Engie 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
    • Kinder Morgan Inc 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
    • Mitsubishi Corp 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
    • Ampol Ltd 0.01%
    • Dominion Energy Inc 0.01%
    • Enel Spa 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Genesis Energy Ltd 0.01%
    • Kunlun Energy Co Ltd 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
    • Tc Energy 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
    • Williams Cos Inc 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
    • Z Energy Ltd 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 31st March 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

The fund aims to grow your investment over the long term by investing mainly in growth assets.

Value $2.4B NZD
Period of data report 30th June 2023
Members 70,816
Fund started 1st Oct. 2007
Total annual fund fees 1.13%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Other management and administration charges 0.13%
Total other charges 0.0
Total other charges currency NZD

Ashley Gardyne

Currently: Chief Investment Officer (2 years, 0 months)
Previously: Senior Portfolio Manager, International Equities, Fisher Funds Management Limited (5 years, 5 months)

Mark Brighouse

Currently: Chief Investment Strategist (5 years, 11 months)
Previously: Chief Investment Officer, Fisher Funds Management Limited (5 years, 9 months)

David Mcleish

Currently: Senior Portfolio Manager, Fixed Interest (12 years, 3 months)
Previously: Executive Director, Goldman Sachs International, London (3 years, 0 months)

Sam Dickie

Currently: Senior Portfolio Manager, International Equities and Property & Infrastructure (0 years, 9 months)
Previously: Senior Portfolio Manager, NZ Equities and Property & Infrastructure, Fisher Funds Management Limited (5 years, 7 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th June 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 -3.87% -4.81%
2022 2.25% 5.33%
2021 28.16% 30.99%
2020 -3.43% -3.47%
2019 6.75% 4.71%
2018 7.80% 10.79%
2017 9.24% 9.94%
2016 3.62% -3.55%
2015 13.73% 21.77%
2014 8.43% 17.34%

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 2023.

Top 10 Investments

  • Microsoft Corp
    United States International Equities
    3.8%
  • Apple Inc
    United States International Equities
    3.31%
  • Westpac NZD Account
    New Zealand Cash and Equivalents AA-
    2.2%
  • Gmo Systematic Global Macro Trust
    Australia Other
    1.6%
  • Alphabet Inc
    United States International Equities
    1.57%
  • Amazon.Com Inc
    United States International Equities
    1.48%
  • Fisher & Paykel Healthcare Corp Ltd
    New Zealand Australasian Equities
    1.36%
  • LVMH Moet Hennessy Louis Vuitton Se
    France International Equities
    1.29%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    0.99%
  • S&P 500 Emini 2309 F
    United States International Equities
    0.99%
Type Target Actual
Cash and Cash Equivalents 1.0% 4.19%
New Zealand Fixed Interest 11.0% 3.91%
International Fixed Interest 7.0% 8.87%
Australasian Equities 25.0% 12.92%
International Equities 47.0% 63.9%
Listed Properties 0.0% 2.39%
Unlisted Properties 4.5% 0.0%
Other 4.5% 3.82%
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 2023.