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

    • Johnson & Johnson 2.19%
    • Wells Fargo & Co 0.89%
    • Caterpillar Inc 0.71%
    • Lockheed Martin Corp. 0.70%
    • Motorola Solutions Inc 0.14%
    • Chevron Corp 1.58% !!
      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
    • Duke Energy Corp 0.42%
    • 3M Co 0.31%
    • Freeport-Mcmoran Inc 0.30%
    • Archer-Daniels-Midland Co 0.24%
    • Pg&E Corp 0.24%
    • Corteva Inc 0.21%
    • Fmc Corp 0.04%
    • Exxon Mobil Corporation 2.60% !!
      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
    • Procter & Gamble Co/The 2.17%
    • Chevron Corp 1.58% !!
      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
    • Philip Morris Intl Inc 0.85%
    • Altria Group Inc 0.44%
    • 3M Co 0.31%
    • Kimberly-Clark Corp 0.25%
    • Corteva Inc 0.21%
    • Dow Inc 0.21%
    • Colgate-Palmolive Co 0.19%
    • Dupont De Nemours Inc 0.18%
    • PPG Industries Inc 0.18%
    • Intl Flavors & Fragrances 0.11%
    • The Clorox Co. 0.09%
    • Tyson Foods Inc 0.08%
    • Celanese Corp 0.07%
    • Mosaic Co 0.07%
    • Eastman Chemical Co 0.05%
    • Hormel Foods Corp 0.05%
    • Fmc Corp 0.04%
    • Westlake Corp 0.01%
    • Walmart Inc 1.48%
    • Honeywell International Inc 0.75%
    • Rtx Corp. 0.73%
    • Lockheed Martin Corp. 0.70%
    • Northrop Grumman Corp 0.39%
    • General Dynamics Corp. 0.36%
    • L3Harris Technologies Inc 0.21%
    • Jacobs Solutions Inc 0.10%
    • Textron, Inc. 0.09%
    • Howmet Aerospace Inc 0.05%
    • Leidos Holdings Inc 0.04%
    • Exxon Mobil Corporation 2.60% !!
      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
    • Chevron Corp 1.58% !!
      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
    • Conocophillips 0.87% !!
      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
    • Nextera Energy Inc 0.73%
    • Eog Resources Inc 0.45% !!
      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
    • Southern Co/The 0.45%
    • Duke Energy Corp 0.42%
    • Marathon Petroleum Corp 0.37%
    • Phillips 66 Co 0.31%
    • Sempra Energy 0.27% !!
      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
    • Valero Energy Corp 0.27%
    • Williams Cos Inc 0.26% !!
      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
    • Occidental Petroleum Corp 0.25% !!
      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
    • American Electric Power 0.24%
    • Pg&E Corp 0.24%
    • Constellation Energy 0.22%
    • Dominion Energy Inc 0.21%
    • Xcel Energy Inc 0.20%
    • Consolidated Edison Inc 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
    • Public Service Enterpris 0.19%
    • Devon Energy Corp 0.18% !!
      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
    • Oneok Inc 0.18%
    • Wec Energy Group Inc 0.16%
    • Ameren Corporation 0.12%
    • Delta Air Lines Inc 0.12%
    • Entergy Corp 0.12%
    • Firstenergy Corp 0.12%
    • Ppl Corp 0.11%
    • Centerpoint Energy Inc 0.10%
    • Cms Energy Corp 0.10%
    • Dte Energy Co 0.10%
    • Halliburton Co 0.10%
    • Marathon Oil Corp 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
    • Alliant Energy Corp 0.08%
    • Evergy Inc 0.07%
    • Loews Corp 0.07%
    • Aes Corp/The 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
    • Nisource Inc 0.06%
    • Vistra Corp 0.04%

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 US shares and is designed to track the return (before tax, fees and other expenses) of the CRSP US Large Cap Value Index.

Value $84.0M NZD
Period of data report 31st Dec. 2023
Fund started 29th July 2015
Total annual fund fees 0.51%
Total performance based fees 0.0%
Manager's basic fee 0.5%
Other management and administration charges 0.01%
Total other charges 0.0
Total other charges currency NZD

Guy Roulston Elliffe

Currently: Director (8 years, 1 months)
Previously: Corporate Governance Manager - ACC (current position) (8 years, 8 months)

Stuart Kenneth Reginald Millar

Currently: Chief Investment Officer - Smartshares (4 years, 7 months)
Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)

Anna Lennie Scott

Currently: Chief Executive Officer - Smartshares (0 years, 3 months)
Previously: Chief Operating Officer and Director - Hobson Wealth (5 years, 2 months)

Alister John Williams

Currently: Director (8 years, 1 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 31st Dec. 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 -4.85% 2.8%
2022 3.53% 13.96%
2021 35.55% 25.86%
2020 -7.06% -2.85%
2019 10.17% 12.62%
2018 7.53% 4.42%
2017 9.49% 15.23%

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. 2023.

Top 10 Investments

  • Vanguard Value ETF
    United States International Equities
    99.84%
  • ANZ NZD Current Account
    New Zealand Cash and Equivalents AA-
    0.92%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.130773%
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% 99.86923%
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. 2023.