Westpac International Diversified Share Fund

Not Mindful

Fund type: Aggressive fund

Past Returns: 11.51%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 1.48%

Annual fees, including management and administration fees, but not membership fee.

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.

Fossil Fuel

Anglo American PLC 0.30%
Atmos Energy Corporation 0.08%
China Suntien Green Energy Corporation Limited Class H 0.10%
Citic Limited 0.07%
Empresas Copec S.A. 0.13%
Engie SA 0.02%
Itochu Corporation 0.12%
Lg Corp 0.08%
Lg Corp Pfd Registered Shs Non-Voting 0.03%
Loews Corporation 0.12%
Naturgy Energy Group, S.A. 0.03%
Nippon Yusen Kabushiki Kaisha 0.10%
Parkland Corporation 0.15%
Posco Holdings Inc. 0.08%
Pt Astra International Tbk 0.04%
Public Service Enterprise Group Inc 0.04%
Tc Energy Corporation 0.13%

Weapons

Amphenol Corporation Class A 0.18%
Chemring Group PLC 0.08%
Exor N.V. 0.03%
Singapore Technologies Engineering Ltd 0.06%

Tobacco

Lawson, Inc. 0.10%

Gambling

888 Holdings PLC 0.04%
Genting Bhd. 0.04%
Las Vegas Sands Corp. 0.08%
Wynn Macau Ltd. 0.03%

Adult Entertainment/Pornography

Live Nation Entertainment, Inc. 0.07%

Alcohol

Carlsberg As Class B 0.09%
Davide Campari-Milano N.V. 0.05%
Diageo PLC 0.57%
Heineken Nv 0.25%
Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. Class A 0.02%
LVMH Moet Hennessy Louis Vuitton Se 0.44%
Pernod Ricard SA 0.33%
Tsingtao Brewery Co., Ltd. Class H 0.05%

Palm Oil

Pt Astra International Tbk 0.04%

GMOs

Human Rights & Environmental Violations

Barrick Gold Corporation 0.08%
Bayer AG 0.31%
Duke Energy Corporation 0.05%
Freeport-Mcmoran, Inc. 0.16%
Genting Bhd. 0.04%
Johnson & Johnson 0.61%
Nestle S.A. 0.71%
Posco Holdings Inc. 0.08%
Pt Astra International Tbk 0.04%
Yunnan Baiyao Group Co. Ltd. Class A 0.02%

Animal Testing

Air Liquide SA 0.23%
Akzo Nobel N.V. 0.17%
Angel Yeast Co., Ltd. Class A 0.02%
Arkema SA 0.04%
Avantor, Inc. 0.03%
Basf Se 0.04%
Bayer AG 0.31%
Burberry Group PLC 0.10%
Capri Holdings Limited 0.15%
Coca-Cola Company 0.05%
Covestro AG 0.06%
Danone SA 0.31%
Dow, Inc. 0.05%
Ecolab Inc. 0.08%
Estee Lauder Companies Inc. Class A 0.19%
Fancl Corporation 0.08%
Fmc Corporation 0.06%
Fujifilm Holdings Corp 0.05%
General Mills, Inc. 0.14%
Givaudan SA 0.01%
Glaxosmithkline PLC 0.03%
Henkel AG & Co. Kgaa 0.05%
Hermes International Sca 0.07%
Hp Inc. 0.13%
Ingevity Corporation 0.07%
International Flavors & Fragrances Inc. 0.14%
Johnson & Johnson 0.61%
Kellogg Company 0.12%
Kraft Heinz Company 0.08%
L'Oreal S.A. 0.24%
LVMH Moet Hennessy Louis Vuitton Se 0.44%
Lg Household & Health Care Ltd 0.05%
Linde PLC 0.54%
Mondelez International, Inc. Class A 0.08%
Mosaic Company 0.37%
Nestle S.A. 0.71%
Nutrien Ltd. 0.27%
PPG Industries, Inc. 0.18%
Pepsico, Inc. 0.14%
Pola Orbis Holdings Inc. 0.04%
Prada S.P.A. 0.11%
Procter & Gamble Company 0.31%
Reckitt Benckiser Group PLC 0.25%
Sherwin-Williams Company 0.08%
Sumitomo Chemical Co., Ltd. 0.11%
Svenska Cellulosa Ab Sca Class B 0.17%
Symrise AG 0.06%
Tosoh Corporation 0.07%
Unilever PLC 0.10%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 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.

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.

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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

S&P500 E-Mini Future
United States International Equities

3.26%
Apple Inc.
United States International Equities

2.34%
Microsoft Corporation
United States International Equities

2.08%
Alphabet Inc. Class A
United States International Equities

1.52%
Amazon.Com, Inc.
United States International Equities

1.3%
Taiwan Semiconductor Manufacturing Co., Ltd.
Taiwan, Province of China International Equities

1.04%
Accenture PLC Class A
United States International Equities

1.03%
Charles Schwab Corp
United States International Equities

0.94%
Roche Holding Ltd Dividend Right Cert.
Switzerland International Equities

0.93%
Stoxx Europe 600 ESG-X Future
Germany International Equities

0.82%

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

How the money in this fund is invested against the fund's targets.

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	0.0%	1.16%
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%	98.84%
Listed Properties	0.0%	0.0%
Unlisted Properties	0.0%	0.0%
Other	0.0%	0.0%
Commodities	0.0%	0.0%

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

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).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

Issue of concern

Does this fund say it excludes this?

Actual holdings
Adult Entertainment/Pornography:

0.07%
Alcohol:

1.83%
Animal Testing:

7.92%
Fossil Fuels:

1.61%
Gambling:

0.19%
GMOs:

0.01%
Human Rights & Environmental Violations:

2.11%
Palm Oil:

0.04%
Tobacco:

0.10%
Weapons:

0.37%

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 their policy may be less stringent than the definitions applied by Mindful Money.

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.

In their own words

"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	$46M NZD
Period of data report	Thu March 31st 2022
Fund started	Tue June 10th 2008
Total annual fund fees	1.48%
Total performance based fees	0.0%
Manager's basic fee	1.32%
Other management and administration charges	0.16%
Total other charges	0.0
Total other charges currency	NZD

Key Personnel

Nigel Jackson	Currently: Head of Investments (1 years, 2 months) Previously: Acting Head of Investments & Insurance (3 years, 10 months)
Philip Houghton-Brown	Currently: Head of Investment Solutions (1 years, 6 months) Previously: Chief Investment Officer / Head of Investments, Mercer (8 years, 2 months)
Francois Richeboeuf	Currently: Senior Portfolio Manager (11 years, 5 months) Previously: Acting Head of Investment Solutions (0 years, 8 months)
Angelika Sansom	Currently: Investment Analytics Manager (20 years, 7 months) Previously: Investment Consultant, Mercer (2 years, 4 months)
Nirav Shah	Currently: Portfolio Manager - Sector Funds (3 years, 5 months) Previously: Cash Manager (10 years, 3 months)