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 1.33%
    • Johnson & Johnson 0.22%
    • Rio Tinto PLC 0.14%
    • Ubs Group AG 0.09%
    • Caterpillar Inc 0.03%
    • Meta Platforms Inc 0.03%
    • Mattel Inc 0.02%
    • 3M Co 0.03%
    • Corteva Inc 0.02%
    • Fmc Corp 0.02%
    • Procter & Gamble Co/The 0.17%
    • Dow Inc 0.06%
    • Koninklijke Ahold Delhaize N 0.06%
    • Celanese Corp 0.04%
    • Dcc PLC 0.04%
    • Dupont De Nemours Inc 0.04%
    • Henkel AG & Co Kgaa Vor-Pref 0.04%
    • Sherwin-Williams Co 0.04%
    • 3M Co 0.03%
    • LVMH Moet Hennessy Louis Vui 0.03%
    • Tyson Foods Inc-Cl A 0.03%
    • Unilever PLC 0.03%
    • Yara International Asa 0.03%
    • Corteva Inc 0.02%
    • Eastman Chemical Co 0.02%
    • Fmc Corp 0.02%
    • Kao Corp 0.02%
    • Kimberly-Clark Corp 0.02%
    • Moncler Spa 0.02%
    • Mowi Asa 0.02%
    • Otsuka Holdings Co Ltd 0.02%
    • Henkel AG & Co Kgaa 0.01%
    • Kering 0.01%
    • Hexcel Corp 0.12%
    • Contact Energy Ltd 0.90% 1.5°C
      This company is on a 1.5°C pathway
    • Cms Energy Corp 0.38%
    • Kinder Morgan Inc 0.36% !!
      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 PLC 0.14%
    • Williams Cos Inc 0.10% !!
      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
    • Enterprise Products Partners 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
    • Ppl Corp 0.08%
    • Atmos Energy Corp 0.05%
    • National Grid PLC 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
    • Nisource Inc 0.05%
    • Tc Energy Corp 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
    • Endesa SA 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Parkland Corp 0.04%
    • Sempra Energy 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
    • Centerpoint Energy Inc 0.03%
    • Naturgy Energy Group SA 0.03%
    • Snam Spa 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
    • Enagas SA 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
    • Genesis Energy Ltd 0.01%
    • Z Energy Ltd 0.01%

Fund Provider Response

Hexcel Corp was exited early April.

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

GlidePath age 50 is a representation of the GlidePath life cycle. This investment option invests 86% in the Growth Fund and 14% in the Conservative Fund.

Value $7.59M NZD
Period of data report 30th June 2024
Members 191
Fund started 31st Oct. 2017
Total annual fund fees 1.02%
Total performance based fees 0.0%
Manager's basic fee 0.94%
Other management and administration charges 0.08%
Total other charges 0.0
Total other charges currency NZD

Ashley Gardyne

Currently: Chief Investment Officer (3 years, 0 months)
Previously: Senior Portfolio Manager, International Equities, Fisher Funds Management Limited (5 years, 5 months)

Mark Brighouse

Currently: Chief Investment Strategist (6 years, 11 months)
Previously: Chief Investment Officer, Fisher Funds Management Limited (5 years, 9 months)

David Mcleish

Currently: Senior Portfolio Manager, Fixed Interest (13 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 (1 years, 9 months)
Previously: Senior Portfolio Manager, NZ Equities and Property & Infrastructure, Fisher Funds Management Limited (5 years, 7 months)

Robbie Urquhart

Currently: Senior Portfolio Manager, Australian Equities (6 years, 1 months)
Previously: Portfolio Manager / Principal, Trafalgar Copley Limited (11 years, 0 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 14.32% 15.82%
2023 -3.87% -3.61%
2022 1.40% 0.67%
2021 28.16% 26.15%
2020 -3.43% -0.66%
2019 6.75% 8.41%

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

  • ANZ 10 A/C - Current Accounts
    New Zealand Cash and Equivalents AA-
    4.72%
  • Infratil Limited
    New Zealand Australasian Equities
    2.23%
  • Fisher & Paykel Healthcare Corp Ltd
    New Zealand Australasian Equities
    1.9%
  • Amazon.Com Inc
    United States International Equities
    1.79%
  • Microsoft Corporation
    United States International Equities
    1.72%
  • E-Mini S&P 500 Futures 20/09/2024
    United States International Equities
    1.51%
  • Xero Limited
    Australia Australasian Equities
    1.4%
  • Alphabet Inc Cap Stock Class A
    United States International Equities
    1.38%
  • Mainfreight Limited
    New Zealand Australasian Equities
    1.34%
  • Meta Platforms Inc
    United States International Equities
    1.19%
Type Target Actual
Cash and Cash Equivalents 3.0% 7.66%
New Zealand Fixed Interest 13.0% 14.43%
International Fixed Interest 11.0% 8.33%
Australasian Equities 22.0% 21.27%
International Equities 42.0% 39.47%
Listed Properties 0.0% 0.0%
Unlisted Properties 4.5% 3.69%
Other 4.5% 5.15%
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 30th June 2024.