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 0.36%
    • Johnson & Johnson 0.25%
    • Meta Platforms Inc 0.16%
    • Mattel Inc 0.07%
    • Rio Tinto PLC 0.05%
    • Caterpillar Inc 0.01%
    • 3M Co 0.01%
    • Corteva Inc 0.01%
    • Fmc Corp 0.01%
    • Sherwin-Williams Co 0.19%
    • Procter & Gamble Co/The 0.16%
    • Dow Inc 0.02%
    • Koninklijke Ahold Delhaize N 0.02%
    • 3M Co 0.01%
    • Celanese Corp 0.01%
    • Corteva Inc 0.01%
    • Dcc PLC 0.01%
    • Dupont De Nemours Inc 0.01%
    • Eastman Chemical Co 0.01%
    • Fmc Corp 0.01%
    • Henkel AG & Co Kgaa Vor-Pref 0.01%
    • Kao Corp 0.01%
    • Kimberly-Clark Corp 0.01%
    • LVMH Moet Hennessy Louis Vui 0.01%
    • Mowi Asa 0.01%
    • Otsuka Holdings Co Ltd 0.01%
    • Tyson Foods Inc-Cl A 0.01%
    • Unilever PLC 0.01%
    • Yara International Asa 0.01%
    • Hexcel Corp 0.03%
    • Howmet Aerospace Inc 0.02%
    • Contact Energy Ltd 0.40% 1.5°C
      This company is on a 1.5°C pathway
    • Cms Energy Corp 0.19%
    • Kinder Morgan Inc 0.19% !!
      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 Companies 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
    • Channel Infrastruct NZ 0.10%
    • Enterprise Products Partners 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
    • 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
    • Rio Tinto PLC 0.05%
    • Williams Cos Inc 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
    • Atmos Energy Corp 0.02%
    • Compagnie De Saint Gobain 0.02%
    • Enel Finance Intl Nv 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Genesis Energy Ltd 0.02%
    • Nisource Inc 0.02%
    • Ppl Corp 0.02%
    • Z Energy Ltd 0.02%
    • Centerpoint Energy Inc 0.01%
    • Enagas SA 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
    • Endesa SA 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Naturgy Energy Group SA 0.01%
    • Parkland Corp 0.01%
    • Sempra Energy 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
    • Snam Spa 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

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. 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 provide stable returns over the long term by investing mainly in income assets with a modest allocation to growth assets

Value $33.2M NZD
Period of data report 30th Sept. 2023
Fund started 1st Oct. 2006
Total annual fund fees 0.89%
Total performance based fees 0.0%
Manager's basic fee 0.85%
Other management and administration charges 0.04%
Total other charges 70.78
Total other charges currency NZD

Ashley Gardyne

Currently: Chief Investment Officer (2 years, 3 months)
Previously: Senior Portfolio Manager, International Equities, Fisher Funds Management Limited (5 years, 5 months)

David Mcleish

Currently: Senior Portfolio Manager, Fixed Interest (12 years, 6 months)
Previously: Executive Director, Goldman Sachs International, London (3 years, 0 months)

Mark Brighouse

Currently: Chief Investment Strategist (6 years, 2 months)
Previously: Chief Investment Officer, Fisher Funds Management Limited (5 years, 9 months)

Sam Dickie

Currently: Senior Portfolio Manager, International Equities and Property & Infrastructure (1 years, 0 months)
Previously: Senior Portfolio Manager, NZ Equities and Property & Infrastructure, Fisher Funds Management Limited (5 years, 7 months)

Brent Buchanan

Currently: Head of Direct Property (15 years, 4 months)
Previously: Portfolio Manager, Commercial & Industrial, AMP Capital Management (8 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 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 -1.56% -2.41%
2022 -0.95% -0.72%
2021 8.70% 9.06%
2020 0.08% 0.85%
2019 4.31% 5.1%
2018 3.39% 3.92%
2017 3.28% 4.05%
2016 2.92% 3.92%
2015 8.63% 7.36%
2014 5.69% 4.5%

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 30th Sept. 2023.

Top 10 Investments

  • ANZ 10 A/C - Current Accounts
    New Zealand Cash and Equivalents
    7.88%
  • Bayfair Shopping Centre - Retail
    New Zealand Unlisted Property
    1.52%
  • NZ Government Bond 14/04/2033 3.50%
    New Zealand NZ Fixed Interest AAA
    1.27%
  • Government Index Link Bond 20/09/35 2.50%
    New Zealand NZ Fixed Interest AAA
    0.92%
  • Nzgs Index Linked Bond 20/09/2025 2.00%
    New Zealand NZ Fixed Interest AAA
    0.88%
  • Jpm USD Call A/C - Current Accounts
    United States Cash and Equivalents
    0.86%
  • Infratil Limited
    New Zealand Australasian Equities
    0.81%
  • NZ Government Bond 15/05/2031 1.50%
    New Zealand NZ Fixed Interest AAA
    0.78%
  • Nzgs Index Linked Bond 20/09/2030 3.00%
    New Zealand NZ Fixed Interest AAA
    0.74%
  • Government Index Link Bond 20/09/40 2.50%
    New Zealand NZ Fixed Interest AAA
    0.72%
Type Target Actual
Cash and Cash Equivalents 14.5% 15.24%
New Zealand Fixed Interest 26.0% 31.64%
International Fixed Interest 32.0% 27.36%
Australasian Equities 5.5% 5.32%
International Equities 12.0% 10.97%
Listed Properties 0.0% 0.0%
Unlisted Properties 5.0% 4.47%
Other 5.0% 5.0%
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 30th Sept. 2023.