Where a company has multiple ethical concerns, the total concerns percentage counts this investment once.
The average total concerns of all funds of the same risk profile is weighted by the funds' investment values.
The average total concerns of all managed balanced funds is 8.32%.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Fonterra ranks as the fifth largest source of greenhouse gas emissions among agri-food companies globally. This position is reflective of the heavy environmental footprint of the dairy industry, notably of methane (GHG) produced by dairy herds and other harm from intensive dairy farming practices such as through high nitrogen runoff into rivers, which flow into oceans.
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Where companies are involved in the production or distribution of chemicals which are highly hazardous to human or environmental health including herbicides, pesticides and PFAS.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Genesis produces electricity from plants and distributes gas. They are expanding their portfolio of renewable assets (wind, solar farms and hydro) and options to reduce emissions from Huntly (battery technology and biomass use). However, in 2025 their total GHG emissions increased compared to FY24, driven by a 33% rise in Scope 3 emissions - primarily from the Huntly Power Station (Coal & Gas).
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
A global diversified miner, predominantly in iron ore but also copper, aluminium, diamonds, gold, and industrial minerals. In 2020, Rio Tinto destroyed Aboriginal 46,000-year-old sacred sites at an iron mine in Western Australia, leaving a considerable and irrepairable impact on the traditional owners. Also a pattern of harmful community-related incidents in West Papua, South Africa, Canada, the US and Serbia. The company also derives revenue from coal power plants through multiple associates and subsidiaries.
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Where companies are involved in the production or distribution of chemicals which are highly hazardous to human or environmental health including herbicides, pesticides and PFAS.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
A global diversified miner, predominantly in iron ore but also copper, aluminium, diamonds, gold, and industrial minerals. In 2020, Rio Tinto destroyed Aboriginal 46,000-year-old sacred sites at an iron mine in Western Australia, leaving a considerable and irrepairable impact on the traditional owners. Also a pattern of harmful community-related incidents in West Papua, South Africa, Canada, the US and Serbia. The company also derives revenue from coal power plants through multiple associates and subsidiaries.
Where the actions of companies have violated global standards on labour rights and freedoms; including poor treatment of workers, child and forced labour, and modern slavery.
A ride and food delivery service provider. As Uber considers its drivers to be contractors, this limits their employee rights to the minimum wage, and providing the same benefits and rights as traditional taxi companies.
Our multi-asset funds gain some of their exposures via funds managed by third party managers, and the Mindful Money screen provides useful information for us as we engage with those managers. The majority of companies flagging in the Harbour Income Fund are derived indirectly in this way from its global equity exposure via T. Rowe Price’s fund and we continue to monitor T. Rowe Price’s process via regular close contact with the portfolio manager.
The Fund is designed to provide a favourable level of income for investors seeking income with scope for capital appreciation and/or with a low tolerance for large declines in investment values. The Fund invests predominantly in New Zealand investment grade fixed interest securities and Australasian equities which pay a sustainable dividend yield. Other tools, such as active management and scope to invest in sub investment grade securities may also be used to enhance returns.
| Value | $294M NZD |
| Period of data report | 31st March 2026 |
| Fund started | 28th Oct. 2015 |
| Total annual fund fees | 0.66% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.53% |
| Other management and administration charges | 0.13% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Simon Pannett |
Currently: Director, Senior Credit Analyst (12 years, 8 months)
|
|
Craig Stent |
Currently: Executive Director & Head of Equities (16 years, 3 months)
|
|
Mark Brown |
Currently: Director, Head of Fixed Income (15 years, 6 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2026.
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 |
|---|---|---|
| 2026 | 6.58% | 3.42% |
| 2025 | 3.98% | 3.98% |
| 2024 | 10.05% | 6.81% |
| 2023 | -2.59% | -0.63% |
| 2022 | 1.06% | 2.43% |
| 2021 | 18.16% | 14.88% |
| 2020 | -1.83% | -1.81% |
| 2019 | 4.49% | 7.06% |
| 2018 | 4.41% | 2.27% |
| 2017 | 5.71% | 3.18% |
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 March 2026.
Nzgs Index Linked Bond 3.00% 20/09/2030
New Zealand NZ Fixed Interest AAA
NZ Government Stock 15/05/2036 4.25
New Zealand NZ Fixed Interest AAA
ANZ NZD Cash
New Zealand Cash and Equivalents A-1+
NZ Government Stock 15/05/2028 0.25
New Zealand NZ Fixed Interest AAA
Contact Energy
New Zealand Australasian Equities
Revolution Private Debt Fund (NZD) PIE
New Zealand Other
Infratil
New Zealand Australasian Equities
Pcg Diversified NZ Private Debt Fund PIE
New Zealand Other
Government Index Link Bd 20/09/35 2.50
New Zealand NZ Fixed Interest AAA
Mainfreight
New Zealand Australasian Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 8.0% | 4.8% |
| New Zealand Fixed Interest | 50.0% | 50.75% |
| International Fixed Interest | 0.0% | 6.22% |
| Australasian Equities | 32.0% | 22.8% |
| International Equities | 10.0% | 1.42% |
| Listed Properties | 0.0% | 8.11% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 5.9% |
| Commodities | 0.0% | 0.0% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2026.
This data is compiled by Mindful Money from the fund information and portfolios
that each
fund has
filed with the Disclose register to 31st March 2026 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.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Fonterra ranks as the fifth largest source of greenhouse gas emissions among agri-food companies globally. This position is reflective of the heavy environmental footprint of the dairy industry, notably of methane (GHG) produced by dairy herds and other harm from intensive dairy farming practices such as through high nitrogen runoff into rivers, which flow into oceans.
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Where companies are involved in the production or distribution of chemicals which are highly hazardous to human or environmental health including herbicides, pesticides and PFAS.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Genesis produces electricity from plants and distributes gas. They are expanding their portfolio of renewable assets (wind, solar farms and hydro) and options to reduce emissions from Huntly (battery technology and biomass use). However, in 2025 their total GHG emissions increased compared to FY24, driven by a 33% rise in Scope 3 emissions - primarily from the Huntly Power Station (Coal & Gas).
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
A global diversified miner, predominantly in iron ore but also copper, aluminium, diamonds, gold, and industrial minerals. In 2020, Rio Tinto destroyed Aboriginal 46,000-year-old sacred sites at an iron mine in Western Australia, leaving a considerable and irrepairable impact on the traditional owners. Also a pattern of harmful community-related incidents in West Papua, South Africa, Canada, the US and Serbia. The company also derives revenue from coal power plants through multiple associates and subsidiaries.
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Where companies are involved in the production or distribution of chemicals which are highly hazardous to human or environmental health including herbicides, pesticides and PFAS.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
A global diversified miner, predominantly in iron ore but also copper, aluminium, diamonds, gold, and industrial minerals. In 2020, Rio Tinto destroyed Aboriginal 46,000-year-old sacred sites at an iron mine in Western Australia, leaving a considerable and irrepairable impact on the traditional owners. Also a pattern of harmful community-related incidents in West Papua, South Africa, Canada, the US and Serbia. The company also derives revenue from coal power plants through multiple associates and subsidiaries.
Where the actions of companies have violated global standards on labour rights and freedoms; including poor treatment of workers, child and forced labour, and modern slavery.
A ride and food delivery service provider. As Uber considers its drivers to be contractors, this limits their employee rights to the minimum wage, and providing the same benefits and rights as traditional taxi companies.
Our multi-asset funds gain some of their exposures via funds managed by third party managers, and the Mindful Money screen provides useful information for us as we engage with those managers. The majority of companies flagging in the Harbour Income Fund are derived indirectly in this way from its global equity exposure via T. Rowe Price’s fund and we continue to monitor T. Rowe Price’s process via regular close contact with the portfolio manager.
The Fund is designed to provide a favourable level of income for investors seeking income with scope for capital appreciation and/or with a low tolerance for large declines in investment values. The Fund invests predominantly in New Zealand investment grade fixed interest securities and Australasian equities which pay a sustainable dividend yield. Other tools, such as active management and scope to invest in sub investment grade securities may also be used to enhance returns.
| Value | $294M NZD |
| Period of data report | 31st March 2026 |
| Fund started | 28th Oct. 2015 |
| Total annual fund fees | 0.66% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.53% |
| Other management and administration charges | 0.13% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Simon Pannett |
Currently: Director, Senior Credit Analyst (12 years, 8 months)
|
|
Craig Stent |
Currently: Executive Director & Head of Equities (16 years, 3 months)
|
|
Mark Brown |
Currently: Director, Head of Fixed Income (15 years, 6 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2026.
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 |
|---|---|---|
| 2026 | 6.58% | 3.42% |
| 2025 | 3.98% | 3.98% |
| 2024 | 10.05% | 6.81% |
| 2023 | -2.59% | -0.63% |
| 2022 | 1.06% | 2.43% |
| 2021 | 18.16% | 14.88% |
| 2020 | -1.83% | -1.81% |
| 2019 | 4.49% | 7.06% |
| 2018 | 4.41% | 2.27% |
| 2017 | 5.71% | 3.18% |
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 March 2026.
Nzgs Index Linked Bond 3.00% 20/09/2030
New Zealand NZ Fixed Interest AAA
NZ Government Stock 15/05/2036 4.25
New Zealand NZ Fixed Interest AAA
ANZ NZD Cash
New Zealand Cash and Equivalents A-1+
NZ Government Stock 15/05/2028 0.25
New Zealand NZ Fixed Interest AAA
Contact Energy
New Zealand Australasian Equities
Revolution Private Debt Fund (NZD) PIE
New Zealand Other
Infratil
New Zealand Australasian Equities
Pcg Diversified NZ Private Debt Fund PIE
New Zealand Other
Government Index Link Bd 20/09/35 2.50
New Zealand NZ Fixed Interest AAA
Mainfreight
New Zealand Australasian Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 8.0% | 4.8% |
| New Zealand Fixed Interest | 50.0% | 50.75% |
| International Fixed Interest | 0.0% | 6.22% |
| Australasian Equities | 32.0% | 22.8% |
| International Equities | 10.0% | 1.42% |
| Listed Properties | 0.0% | 8.11% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 5.9% |
| Commodities | 0.0% | 0.0% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2026.
This data is compiled by Mindful Money from the fund information and portfolios
that each
fund has
filed with the Disclose register to 31st March 2026 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.
