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.


  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

    • Contact Energy Ltd 2.96% 1.5°C
      This company is on a 1.5°C pathway
    • Channel Infrastructure NZ Lt 1.36%

Fund Provider Response

Contact Energy is predominantly a renewable electricity provider (over 85% of its generation) with significant investment into new renewable energy projects, contributing to the climate transition.

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 is an actively managed, high conviction portfolio investing principally in ‘long’ and ‘short’ listed Australasian equities.

Value $11.4M NZD
Period of data report 31st Dec. 2023
Fund started 3rd Jan. 2019
Total annual fund fees 1.14%
Total performance based fees 0.0%
Manager's basic fee 0.67%
Other management and administration charges 0.47%
Total other charges 0.0
Total other charges currency NZD

Craig Stent

Currently: Portfolio Manager & Research Anaylst, Director (14 years, 0 months)
Previously: Alliance Bernstein, Research Analyst (7 years, 3 months)

Oyvinn Rimer

Currently: Director, Senior Research Analyst (14 years, 0 months)
Previously: Research Analyst, Alliance Bernstein (2 years, 3 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 -1.56% -3.35%
2022 -0.95% 3.77%
2021 8.70% 20.16%
2020 0.08% 4.45%

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

  • Macquarie Margin Cash
    Australia Cash and Equivalents A2
  • NZ Government Stock 15/04/2025 2.75%
    New Zealand NZ Fixed Interest AAA
  • Jp Morgan AUD Cash
    Australia Cash and Equivalents A-
  • Xero
    Australia Australasian Equities
  • Volpara Health Technologies
    Australia Australasian Equities
  • CSL
    Australia Australasian Equities
  • Contact Energy
    New Zealand Australasian Equities
  • Summerset Group
    New Zealand Australasian Equities
  • Goodman Group
    Australia Listed Property
  • Nib Holdings
    Australia Australasian Equities
Type Target Actual
Cash and Cash Equivalents 70.0% 42.29%
New Zealand Fixed Interest 0.0% 19.5%
International Fixed Interest 0.0% 0.0%
Australasian Equities 30.0% 36.73%
International Equities 0.0% 0.0%
Listed Properties 0.0% 1.48%
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.