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

    • Kbr Inc 2.80%
    • Nestle SA-Reg 1.90%
    • Rentokil Initial PLC 2.20%
    • Kbr Inc 2.80%
    • Amphenol Corp-Cl A 1.94%

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 seeks to provide investors with a relatively concentrated actively managed investment portfolio of global equities to achieve long term capital growth.
Foreign currency exposures created as a consequence of capital markets investment target a gross hedge of 139% to NZD.

Value $176M NZD
Period of data report 31st Dec. 2023
Fund started 10th May 2019
Total annual fund fees 1.2%
Total performance based fees 0.0%
Manager's basic fee 1.2%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Alan Clarke

Currently: Portfolio Manager, Diversified Funds & External Managers and Member of Investment Committee (0 years, 3 months)
Previously: Co-head of Diversified Portfolio Management - ANZ Investments (3 years, 8 months)

Stuart Williams

Currently: Managing Director and Member of Investment Committee (0 years, 9 months)
Previously: Head of Equities – Nikko Asset Management New Zealand Limited (8 years, 7 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 -5.17% -12.92%
2022 3.53% 4.09%
2021 35.55% 54.6%

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

  • Microsoft Corp
    United States International Equities
  • Nvidia Corp
    United States International Equities
  • Facebook Inc Com USD Cl A
    United States International Equities
  • Netflix Inc
    United States International Equities
  • Compass Group Ord Gbp0 1105
    United Kingdom International Equities
  • Haleon PLC
    United Kingdom International Equities
  • Broadcom Corp Com
    United States International Equities
  • Taiwan Semicon Manufacturing Co Ltd
    Taiwan, Province of China International Equities
  • Hoya Corporation Jpy
    Japan International Equities
  • Abbott Labs
    United States International Equities
Type Target Actual
Cash and Cash Equivalents 0.0% 1.21%
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% 98.79%
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.