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

    • Nestle SA-Reg 2.81%
    • Glencore PLC 0.65%
    • Rio Tinto PLC-Spon Adr 0.64%
    • Alstom 0.06%
    • Indivior PLC 0.03%
    • Shell PLC 1.98% !!
      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
    • Glencore PLC 0.65%
    • Bayer AG-Reg 0.44%
    • Basf Se 0.37%
    • Aak Ab 0.03%
    • Shell PLC 1.98% !!
      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
    • LVMH Moet Hennessy Vuitt 1.73%
    • Unilever PLC 1.15%
    • Air Liquide SA 0.81%
    • British American Tobacco Holdings (The Netherlands) Bv 0.65%
    • L'Oreal SA 0.63%
    • Hermes International 0.58%
    • Bayer AG-Reg 0.44%
    • Basf Se 0.37%
    • Eni Spa 0.32% !!
      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
    • Kering 0.30%
    • Koninklijke Ahold Delhaize N 0.27%
    • L'Oreal 0.27%
    • Givaudan-Reg 0.24%
    • Rentokil Initial PLC 0.17%
    • Beiersdorf AG 0.12%
    • Symrise AG 0.12%
    • Akzo Nobel N.V. 0.11%
    • Henkel AG & Co Kgaa Vor-Pref 0.11%
    • Moncler Spa 0.11%
    • Covestro AG 0.09%
    • Burberry Group PLC 0.08%
    • Croda International PLC 0.08%
    • Groupe Bruxelles Lambert Nv 0.07%
    • Mowi Asa 0.07%
    • Novozymes A/S-B Shares 0.07%
    • Solvay SA 0.07%
    • Swatch Group AG/The-Br 0.07%
    • Chr Hansen Holding A/S 0.06%
    • Henkel AG & Co Kgaa 0.06%
    • Yara International Asa 0.06%
    • Arkema 0.05%
    • Dcc PLC 0.05%
    • Ems-Chemie Holding AG-Reg 0.04%
    • Umicore 0.04%
    • Clariant AG-Reg 0.03%
    • Evonik Industries AG 0.03%
    • Johnson Matthey PLC 0.03%
    • Kemira Oyj 0.02%
    • Lanxess AG 0.02%
    • Swatch Group AG/The-Reg 0.02%
    • Wacker Chemie AG 0.02%
    • Borregaard Asa 0.01%
    • Corbion Nv 0.01%
    • Imerys SA 0.01%
    • Societe Bic SA 0.01%
    • Victrex PLC 0.01%
    • Airbus Se 0.73%
    • Safran SA 0.50%
    • Bae Systems PLC 0.34%
    • Rolls-Royce Holdings PLC 0.21%
    • Thales SA 0.13%
    • Rheinmetall AG 0.10%
    • Mtu Aero Engines AG 0.09%
    • Melrose Industries PLC 0.07%
    • Leonardo Spa 0.05%
    • Dassault Aviation SA 0.04%
    • Saab Ab-B 0.04%
    • Kongsberg Gruppen Asa 0.03%
    • Indra Sistemas SA 0.02%
    • Qinetiq Group PLC 0.02%
    • Serco Group PLC 0.02%
    • Babcock Intl Group PLC 0.01%
    • Hensoldt AG 0.01%
    • Shell PLC 1.98% !!
      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
    • Totalenergies Se 1.37% !!
      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
    • BP PLC 1.01% !!
      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
    • Glencore PLC 0.65%
    • Rio Tinto PLC-Spon Adr 0.64%
    • Iberdrola SA 0.62% 1.5°C
      This company is on a 1.5°C pathway
    • Enel Spa 0.44% 1.5°C
      This company is on a 1.5°C pathway
    • National Grid PLC 0.41% !!
      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
    • Eni Spa 0.32% !!
      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
    • Equinor Asa-Spon Adr 0.28% !!
      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
    • Compagnie De Saint Gobain 0.26%
    • Rwe AG 0.25%
    • E.On Se 0.24%
    • Repsol SA 0.20% !!
      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
    • Neste Oyj 0.13%
    • Arcelormittal 0.12%
    • Edp-Energias De Portugal SA 0.12% 1.5°C
      This company is on a 1.5°C pathway
    • Centrica PLC 0.10%
    • Orsted A/S 0.10% 1.5°C
      This company is on a 1.5°C pathway
    • Snam Spa 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
    • Aker BP Asa 0.08% !!
      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
    • Engie 0.08% !!
      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
    • Galp Energia Sgps SA 0.07% !!
      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
    • Intertek Group PLC 0.07%
    • Orlen SA 0.07%
    • Endesa SA 0.06% 1.5°C
      This company is on a 1.5°C pathway
    • OMV AG 0.06% !!
      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
    • Weir Group PLC/The 0.06%
    • Fortum Oyj 0.05%
    • Verbund AG 0.05% 1.5°C
      This company is on a 1.5°C pathway
    • Bollore Se 0.04%
    • Enagas SA 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
    • A2A Spa 0.03%
    • Bkw AG 0.03%
    • Kghm Polska Miedz SA 0.03%
    • Naturgy Energy Group SA 0.03%
    • Oci Nv 0.03%
    • Drax Group PLC 0.02%
    • Energean PLC 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
    • Euronav Nv 0.02%
    • Harbour Energy PLC 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
    • Hera Spa 0.02%
    • Rubis 0.02%
    • Var Energi Asa 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
    • Vopak 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
    • Aker Asa-A Shares 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
    • D/S Norden 0.01%
    • Erg Spa 0.01%
    • Hafnia Ltd 0.01%
    • Iren Spa 0.01%
    • Pge SA 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. 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

Invests in international shares and is designed to track the return (before tax, fees and other expenses) of the FTSE Developed Europe All Cap Index.

Value $200M NZD
Period of data report 30th Sept. 2023
Fund started 29th July 2015
Total annual fund fees 0.55%
Total performance based fees 0.0%
Manager's basic fee 0.54%
Other management and administration charges 0.01%
Total other charges 0.0
Total other charges currency NZD

Guy Roulston Elliffe

Currently: Director (7 years, 10 months)
Previously: Corporate Governance Manager - ACC (current position) (8 years, 5 months)

Stuart Kenneth Reginald Millar

Currently: Chief Investment Officer - Smartshares (4 years, 4 months)
Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)

Anna Lennie Scott

Currently: Chief Executive Officer - Smartshares (0 years, 1 months)
Previously: Chief Operating Officer and Director - Hobson Wealth (5 years, 2 months)

Alister John Williams

Currently: Director (7 years, 10 months)
Previously: Investment Manager - Trust Management (5 years, 4 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 -5.17% 8.83%
2022 3.53% 1.71%
2021 35.55% 25.76%
2020 -7.06% -6.55%
2019 10.17% 0.13%
2018 7.53% 10.31%
2017 9.49% 5.55%

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

  • Vanguard FTSE Europe ETF
    United States International Equities
    99.89%
  • ANZ NZD Current Account
    New Zealand Cash and Equivalents AA-
    0.23%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.109979%
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% 99.890021%
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 30th Sept. 2023.