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:

  • Adult Entertainment/Pornography
  • Alcohol
  • Animal Cruelty
  • Fossil Fuels
  • Gambling
  • GMOs
  • Human Rights & Environmental Violations
  • Palm Oil
  • Tobacco
  • Weapons

Companies of concern

    • Valero Energy Corp 0.23%
    • Sempra 0.19%
    • National Grid PLC 0.17%
    • Williams Inc 0.16%
    • Cheniere Energy Inc 0.15%
    • Kinder Morgan Inc 0.15%
    • Itochu Corp 0.14%
    • Consolidated Edison Inc 0.13%
    • Oneok Inc 0.11%
    • Neste 0.08%
    • Pembina Pipeline Corp 0.08%
    • Atmos Energy Corp 0.07%
    • Fortis Inc 0.07%
    • Marubeni Corp 0.06%
    • Eneos Holdings Inc 0.05%
    • Loews Corp 0.05%
    • Nippon Steel Corp 0.05%
    • Eqt 0.04%
    • Hong Kong and China Gas Ltd 0.04%
    • Snam 0.04%
    • Keppel Ltd 0.03%
    • Nippon Yusen 0.03%
    • Osaka Gas Ltd 0.03%
    • Tokyo Gas Ltd 0.03%
    • Ugi Corp 0.03%
    • Cheung Kong Infrastructure Holding 0.02%
    • Delta Air Lines Inc 0.02%
    • Keyera Corp 0.02%
    • Northland Power Inc 0.02%
    • Mtu Aero Engines Holding AG 0.04%
    • Canadian Tire Ltd Class A 0.03%
    • Jfe Holdings Inc 0.02%
    • Singapore Technologies Engineering 0.01%
    • Thermo Fisher Scientific Inc 0.85%
    • Caterpillar Inc 0.49%
    • Activision Blizzard Inc 0.23%
    • Motorola Solutions Inc 0.17%
    • Nutrien Ltd 0.17%
    • Bank Leumi Le Israel 0.07%
    • Procter & Gamble 1.35%
    • Coca-Cola 0.99%
    • Pepsico Inc 0.97%
    • Loreal SA 0.34%
    • Lair Liquide Societe Anonyme Pour 0.29%
    • Sherwin Williams 0.24%
    • Hermes International 0.19%
    • General Mills Inc 0.18%
    • Kimberly Clark Corp 0.17%
    • Nutrien Ltd 0.17%
    • Daikin Industries Ltd 0.16%
    • Ecolab Inc 0.16%
    • Danone SA 0.13%
    • Givaudan SA 0.13%
    • Koninklijke Ahold Delhaize Nv 0.12%
    • PPG Industries Inc 0.12%
    • Keurig Dr Pepper Inc 0.11%
    • International Flavors & Fragrances 0.10%
    • Koninkilijke Dsm Nv 0.09%
    • Mosaic 0.08%
    • Shiseido Ltd 0.08%
    • Church and Dwight Inc 0.07%
    • Clorox 0.07%
    • Fujifilm Holdings Corp 0.07%
    • Kao Corp 0.07%
    • Kellogg 0.07%
    • Sgs SA 0.07%
    • Essity Class B 0.06%
    • Kerry Group PLC 0.06%
    • Rentokil Initial PLC 0.06%
    • Symrise AG 0.06%
    • Ajinomoto Inc 0.05%
    • Akzo Nobel Nv 0.05%
    • Avantor Inc 0.05%
    • Hormel Foods Corp 0.05%
    • Unicharm Corp 0.05%
    • Beiersdorf AG 0.04%
    • Burberry Group PLC 0.04%
    • Campbell Soup 0.04%
    • Croda International PLC 0.04%
    • Henkel & Kgaa Pref AG 0.04%
    • Moncler 0.04%
    • Novozymes B 0.04%
    • Solvay SA 0.04%
    • Associated British Foods PLC 0.03%
    • Chr Hansen Holding 0.03%
    • Dcc PLC 0.03%
    • Kikkoman Corp 0.03%
    • Mitsubishi Chemical Group Corp 0.03%
    • Mowi 0.03%
    • Nippon Paint Holdings Ltd 0.03%
    • Orkla 0.03%
    • The Swatch Group AG 0.03%
    • Evonik Industries AG 0.02%
    • Henkel AG 0.02%
    • Intertek Group PLC 0.02%
    • Johnson Matthey PLC 0.02%
    • Meiji Holdings Ltd 0.02%
    • Mitsui Chemicals Inc 0.02%
    • Ricoh Ltd 0.02%
    • Seiko Epson Corp 0.02%
    • Umicore SA 0.02%

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. 2022 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 MSCI World ex Australia Custom ESG Leaders Index.

Value $140M NZD
Period of data report 31st Dec. 2022
Fund started 6th June 2019
Total annual fund fees 0.54%
Total performance based fees 0.0%
Manager's basic fee 0.51%
Other management and administration charges 0.03%
Total other charges 0.0
Total other charges currency NZD

Guy Roulston Elliffe

Currently: Director (7 years, 1 months)
Previously: Corporate Governance Manager - ACC (current position) (7 years, 8 months)

Stuart Kenneth Reginald Millar

Currently: Chief Investment Officer - Smartshares (3 years, 7 months)
Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)

Hugh Duncan Stevens

Currently: Chief Executive Officer - Smartshares (4 years, 10 months)
Previously: Chief Operating Officer - Implemented Investment Solutions Ltd (2 years, 6 months)

Alister John Williams

Currently: Director (7 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. 2022.

Investment Exclusions

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

Issue of concern Does this fund say it excludes this? Actual holdings
Adult Entertainment /Pornography 0.00%
Alcohol 0.00%
Animal Cruelty 7.88%
Fossil Fuels 2.31%
Gambling 0.00%
GMOs 0.00%
Human Rights & Environmental Violations 1.98%
Palm Oil 0.00%
Tobacco 0.00%
Weapons 0.10%

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. 2022 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.

Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

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
2022 3.19% 10.21%
2021 36.07% 29.81%

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. 2022.

Top 10 Investments

  • Ishares Core Msci World Ex Australia ESG Leaders ETF
    Australia International Equities
    99.91%
  • ANZ NZD Current Account
    New Zealand Cash and Equivalents AA-
    0.94%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.088339%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 100.0% 0.0%
International Equities 0.0% 99.911661%
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. 2022.