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:

  • Adult Entertainment/Pornography
  • Alcohol
  • Animal Cruelty
  • Fossil Fuels
  • Gambling
  • GMOs
  • Human Rights & Environmental Violations
  • Palm Oil
  • Tobacco
  • Weapons

Companies of concern

    • Anglo American PLC C 0.21%
    • Atmos Energy Corporation 0.13%
    • American Electric Power Company, Inc. 0.12%
    • Itochu Corporation 0.12%
    • Loews Corporation 0.12%
    • Parkland Corporation 0.11%
    • Sumitomo Chemical Co., Ltd. 0.11%
    • China Longyuan Power Group Corporation Ltd Class H 0.09%
    • China Suntien Green Energy Corporation Limited Class H 0.09%
    • Lg Corp 0.09%
    • National Grid PLC 0.09%
    • Sempra Energy 0.09%
    • Nippon Yusen Kabushiki Kaisha 0.08%
    • Oci Nv 0.07%
    • Rwe AG 0.07%
    • Southern Company 0.06%
    • Constellation Energy Corporation 0.05%
    • Iberdrola SA 0.05%
    • Aes Corporation 0.04%
    • Citic Limited 0.04%
    • Consolidated Edison, Inc. 0.04%
    • Dte Energy Company 0.04%
    • Nextera Energy, Inc. 0.04%
    • Public Service Enterprise Group Inc 0.04%
    • Canadian Utilities Limited Class A 0.03%
    • Lg Corp Pfd Registered Shs Non-Voting 0.03%
    • Naturgy Energy Group, S.A. 0.03%
    • Vistra Corp. 0.03%
    • Cez As 0.02%
    • Inner Mongolia Erdos Resources Co., Ltd. Class A 0.02%
    • Pt Astra International Tbk 0.02%
    • Tc Energy Corporation 0.02%
    • Emera Incorporated 0.01%
    • Wal-Mart De Mexico Sab De Cv 0.27%
    • Amphenol Corporation Class A 0.26%
    • Chemring Group PLC 0.08%
    • Mtu Aero Engines AG 0.07%
    • Singapore Technologies Engineering Ltd 0.07%
    • Walmart Inc. 0.04%
    • Alimentation Couche-Tard Inc. 0.09%
    • Greek Organisation Of Football Prognostics SA 0.11%
    • Las Vegas Sands Corp. 0.10%
    • Genting Bhd. 0.04%
    • Wynn Macau Ltd. 0.04%
    • 888 Holdings PLC 0.03%
    • Diageo PLC 0.59%
    • Pernod Ricard SA 0.39%
    • Heineken Nv 0.30%
    • Carlsberg As Class B 0.10%
    • Tsingtao Brewery Co., Ltd. Class H 0.09%
    • Davide Campari-Milano N.V. 0.06%
    • Kweichow Moutai Co., Ltd. Class A 0.05%
    • Beijing Enterprises Holdings Limited 0.02%
    • Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. Class A 0.02%
    • Energy Absolute Public Co. Ltd. Nvdr 0.03%
    • Pt Astra International Tbk 0.02%
    • Corteva Inc 0.01%
    • Thermo Fisher Scientific Inc. 0.75%
    • Nestle S.A. 0.65%
    • Johnson & Johnson 0.53%
    • Nutrien Ltd 0.47%
    • Bayer AG 0.39%
    • Meta Platforms Inc. Class A 0.27%
    • Archer-Daniels-Midland Company 0.17%
    • Bunge Limited 0.12%
    • Freeport-Mcmoran, Inc. 0.12%
    • Barrick Gold Corporation 0.09%
    • Genting Bhd. 0.04%
    • Basf Se 0.03%
    • Pt Astra International Tbk 0.02%
    • Yunnan Baiyao Group Co. Ltd. Class A 0.02%
    • Corteva Inc 0.01%
    • Motorola Solutions, Inc. 0.01%
    • LVMH Moet Hennessy Louis Vuitton Se 0.49%
    • Nutrien Ltd 0.47%
    • Colgate-Palmolive Company 0.41%
    • Bayer AG 0.39%
    • Danone SA 0.39%
    • Pepsico, Inc. 0.39%
    • Procter & Gamble Company 0.38%
    • 3M Company 0.36%
    • Compagnie Financiere Richemont SA 0.36%
    • Air Liquide SA 0.28%
    • L'Oreal S.A. 0.28%
    • Essity Ab Class B 0.25%
    • International Flavors & Fragrances Inc. 0.24%
    • Mosaic Company 0.24%
    • Sherwin-Williams Company 0.23%
    • PPG Industries, Inc. 0.22%
    • Coca-Cola Company 0.20%
    • Estee Lauder Companies Inc. Class A 0.18%
    • General Mills, Inc. 0.18%
    • Unilever PLC 0.18%
    • Archer-Daniels-Midland Company 0.17%
    • Akzo Nobel N.V. 0.15%
    • Kellogg Company 0.15%
    • Mondelez International, Inc. Class A 0.14%
    • Burberry Group PLC 0.13%
    • Dow, Inc. 0.13%
    • Ultrapar Participacoes S.A. Sponsored Adr 0.13%
    • Prada S.P.A. 0.12%
    • Sumitomo Chemical Co., Ltd. 0.11%
    • Tate & Lyle PLC 0.10%
    • Canon Inc. 0.09%
    • Daikin Industries, Ltd. 0.09%
    • Kikkoman Corporation 0.09%
    • Kraft Heinz Company 0.09%
    • Ping An Insurance (Group) Company Of China, Ltd. Class H 0.09%
    • Hermes International Sca 0.08%
    • Inner Mongolia Yili Industrial Group Co., Ltd. Class A 0.07%
    • Symrise AG 0.07%
    • Barry Callebaut AG 0.06%
    • Henkel AG & Co. Kgaa 0.06%
    • T. Hasegawa Co., Ltd. 0.06%
    • Tesco PLC 0.06%
    • Tyson Foods, Inc. Class A 0.06%
    • Lg H&H Co., Ltd. 0.05%
    • Reliance Steel & Aluminum Co. 0.04%
    • Arkema SA 0.03%
    • Basf Se 0.03%
    • Campbell Soup Company 0.03%
    • Corteva Inc 0.01%
    • Ecolab Inc. 0.01%
    • Givaudan SA 0.01%
    • Kering SA 0.01%
    • Koninklijke Ahold Delhaize N.V. 0.01%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 30th Sept. 2022 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 International Diversified Share Fund aims to provide capital growth over the long term by investing primarily in a diversified portfolio of listed international equities. The primary areas of investment are North America, United Kingdom, Europe and the Asia-Pacific region (and may include emerging markets).

Value $19M NZD
Period of data report 31st Dec. 2022
Fund started 10th June 2008
Total annual fund fees 1.43%
Total performance based fees 0.0%
Manager's basic fee 1.32%
Other management and administration charges 0.11%
Total other charges 0.0
Total other charges currency NZD

Nigel Jackson

Currently: Chief Executive Officer – BT Funds Management (NZ) Limited (0 years, 5 months)
Previously: Head of Investments (1 years, 6 months)

Philip Houghton-Brown

Currently: Head of Investment Solutions (2 years, 3 months)
Previously: Chief Investment Officer / Head of Investments, Mercer (8 years, 2 months)

Angelika Sansom

Currently: Investment Analytics Manager (21 years, 4 months)
Previously: Investment Consultant, Mercer (2 years, 4 months)

Nirav Shah

Currently: Portfolio Manager - Sector Funds (4 years, 2 months)
Previously: Cash Manager (10 years, 3 months)

Anna Boyle

Currently: Portfolio Manager - Sector Funds (0 years, 7 months)
Previously: Investment Manager, Trust Management (1 years, 2 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.

Investment Exclusions

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

Issue of concern Does this fund say it excludes this? Actual holdings
Adult Entertainment /Pornography 0.00%
Alcohol 1.65%
Animal Cruelty 8.86%
Fossil Fuels 2.25%
Gambling 0.32%
GMOs 0.01%
Human Rights & Environmental Violations 3.73%
Palm Oil 0.05%
Tobacco 0.10%
Weapons 0.80%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 30th Sept. 2022 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.

Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

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
2022 3.19% -0.27%
2021 36.07% 43.1%
2020 -7.33% -8.31%
2019 10.16% 3.2%
2018 7.53% 12.8%
2017 9.49% 12.96%
2016 4.71% -0.63%
2015 14.67% 17.66%
2014 10.13% 13.36%
2013 13.93% 7.27%

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 fund has filed with Disclose register to 31st Dec. 2022.

Top 10 Investments

  • S&P500 E-Mini Future
    United States International Equities
    5.02%
  • Apple Inc.
    United States International Equities
    2.5%
  • Microsoft Corporation
    United States International Equities
    2.28%
  • Alphabet Inc. Class A
    United States International Equities
    1.34%
  • Stoxx Euro ESG-X Future
    Germany International Equities
    1.32%
  • Mini Msci Emerging Markets Index Future
    United States International Equities
    1.27%
  • Taiwan Semiconductor Manufacturing Co., Ltd.
    Taiwan, Province of China International Equities
    1.05%
  • Accenture PLC Class A
    United States International Equities
    0.99%
  • Visa Inc. Class A
    United States International Equities
    0.81%
  • Charles Schwab Corp
    United States International Equities
    0.78%
Type Target Actual
Cash and Cash Equivalents 0.0% 1.08%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 100.0% 98.92%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
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 fund has filed with Disclose register to 31st Dec. 2022.