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

    • BHP Group Ltd 1.17%
    • Woodside Energy Group Ltd 0.41%
    • Contact 0.25%
    • Santos Ltd 0.19%
    • South32 Ltd 0.10%
    • Origin Energy Ltd 0.08%
    • Apa Group Units 0.07%
    • Constellation Energy 0.07%
    • Valero Energy Corp 0.07%
    • Wec Energy Group Inc 0.06%
    • Xcel Energy Inc 0.05%
    • Ampol Ltd 0.04%
    • Enbridge Inc 0.04%
    • Iberdrola SA 0.04%
    • Shell PLC 0.04%
    • Washington H Soul Pattinson & Comp 0.04%
    • Whitehaven Coal Ltd 0.04%
    • Agl Energy Ltd 0.03%
    • Itochu Corporation 0.03%
    • Marathon Petroleum Corp 0.03%
    • Suncor Energy Inc 0.03%
    • Beach Energy Ltd 0.02%
    • Consolidated Edison Inc 0.02%
    • Constellation Energy Corp 0.02%
    • Glencore PLC 0.02%
    • Hf Sinclair Corp 0.02%
    • Neste Oyj 0.02%
    • Sempra Energy 0.02%
    • Texas Pacific Land Corp 0.02%
    • Atmos Energy Corp 0.01%
    • Brickworks Ltd 0.01%
    • Consolidated Edison Inc Com Usd0.10 0.01%
    • Pbf Energy Inc Com 0.01%
    • Phillips 66 0.01%
    • Phillips 66 Com Usd0.01 0.01%
    • Viva Energy Group Ltd 0.01%
    • Walmart Inc 0.19%
    • Safran SA 0.05%
    • Airbus Se 0.03%
    • Booz Allen Hamilton Holdings 0.02%
    • Teledyne Technologies Inc 0.02%
    • Transdigm Group Inc 0.02%
    • Amphenol Corp Cl A 0.01%
    • Amphenol Corp-Cl A 0.01%
    • Brookfield Asset Management 0.01%
    • Caci International Inc -Cl A 0.01%
    • Science Applications Inte 0.01%
    • Skycity 0.15%
    • Aristocrat Leisure Ltd 0.14%
    • Aristocrat Leisure 0.10%
    • Tabcorp Holdings Ltd 0.01%
    • The Star Entertainment Group Ltd 0.01%
    • Diageo PLC 0.12%
    • Endeavour Group Ltd 0.05%
    • Treasury Wine Estates Ltd 0.05%
    • Metcash Ltd 0.02%
    • Corteva Inc 0.04%
    • BHP Group Ltd 1.17%
    • Meta Platforms Inc-Class A 0.22%
    • Rio Tinto Ltd 0.21%
    • Johnson & Johnson 0.20%
    • Rio Tinto Limited 0.18%
    • Johnson & Johnson Com US$1 0.17%
    • Wells Fargo & Company 0.15%
    • Thermo Fisher Scientific Inc 0.11%
    • Activision Blizzard Inc 0.09%
    • Caterpillar Inc 0.07%
    • Corteva Inc 0.04%
    • Fmc Corp 0.04%
    • Shell PLC 0.04%
    • Motorola Solutions Inc 0.03%
    • Rio Tinto PLC 0.03%
    • Rio Tinto PLC Ord 10P Gbp 0.03%
    • Wells Fargo & Co 0.03%
    • Bayer AG 0.02%
    • Glencore PLC 0.02%
    • Nufarm Ltd 0.01%
    • Uber Technologies Inc 0.01%
    • Pepsico Inc 0.12%
    • Procter & Gamble Co/The 0.11%
    • Procter & Gamble Company 0.10%
    • LVMH Moet Hennessy Louis Vuitton 0.08%
    • Coca-Cola Co/The 0.07%
    • Coca Cola Co USD 0.06%
    • General Mills Inc 0.06%
    • Pepsico Inc Cap US$0.01 2/3 0.06%
    • Unilever PLC-Sponsored Adr 0.06%
    • 3M Co 0.05%
    • Avantor Inc 0.05%
    • L'Oreal 0.05%
    • Mosaic Co/The 0.05%
    • Ping An Insurance 0.05%
    • Shell PLC 0.05%
    • Sherwin-Williams Co/The 0.05%
    • Unilever PLC 0.05%
    • Corteva Inc 0.04%
    • Fmc Corp 0.04%
    • Hermes International 0.04%
    • Kering 0.04%
    • Orica Ltd 0.04%
    • Sherwin Williams Com Usd1 0.04%
    • Colgate Palmolive Usd1 0.03%
    • Colgate-Palmolive Co 0.03%
    • Estee Lauder Companies-Cl A 0.03%
    • PPG Industries Inc 0.03%
    • Bayer AG 0.02%
    • Church & Dwight Co Inc 0.02%
    • Dupont De Nemours Inc 0.02%
    • Ecolab Inc 0.02%
    • Estee Lauder Companies 0.02%
    • Keurig Dr Pepper Inc 0.02%
    • Koninklijke Ahold Delhaize N 0.02%
    • Koninklijke Ahold Delhaize Nv 0.02%
    • Tapestry Inc 0.02%
    • Campbell Soup Co 0.01%
    • Church & Dwight Co 0.01%
    • Clorox Company 0.01%
    • Graincorp Class A Ltd 0.01%
    • Kellogg Co 0.01%
    • Kellogg Company 0.01%
    • Kraft Heinz Co Com Usd0.01 0.01%
    • Kraft Heinz Co/The 0.01%
    • Nufarm Ltd 0.01%
    • Tapestry Inc Com Usd0.01 0.01%

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

A400 invests in assets seeking to provide expected returns associated with growth assets, while managing movements up and down in value and preserving the purchasing power of capital.

Value $23M NZD
Period of data report 31st Dec. 2022
Fund started 18th Jan. 2010
Total annual fund fees 1.65%
Total performance based fees 0.0%
Manager's basic fee 0.91%
Other management and administration charges 0.74%
Total other charges 0.0
Total other charges currency NZD

Mark Wooster

Currently: CIO (Caliber Investment) (13 years, 1 months)
Previously: CIO (Sovereign and ASB Group Investments) (5 years, 0 months)

Alan Austin

Currently: Independent Director (Accordia Asset Management Limited) (6 years, 0 months)
Previously: Senior Investment Consultant (Eriksen & Associates) (6 years, 0 months)

Jason Ferguson

Currently: Investment Strategist (Caliber investment) (8 years, 6 months)
Previously: Portfolio Manager (First State / ASB Group Investments) (9 years, 0 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 0.25%
Animal Cruelty 2.56%
Fossil Fuels 3.45%
Gambling 0.44%
GMOs 0.05%
Human Rights & Environmental Violations 3.03%
Palm Oil 0.00%
Tobacco 0.02%
Weapons 0.61%

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 1.53% 3.18%
2021 32.66% 25.2%
2020 -4.45% -6.27%
2019 6.15% 1.07%
2018 8.66% 4.31%
2017 7.20% 8.26%
2016 5.40% 0.21%
2015 12.09% 10.45%
2014 9.56% 8.63%
2013 13.67% 8.24%

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

  • Dimensional Global Sust. (NZD Hedged)
    Australia International Equities
    23.1%
  • Dimensional Global Sustainability PIE Fund
    Australia International Equities
    18.19%
  • Spdr S&P/ASX 200 Index
    Australia Australasian Equities
    11.96%
  • Blackrock Multi Opportunity Fund
    Australia Other
    6.39%
  • Cash At Bank - AUD (Speciality Two Fund)
    New Zealand Cash and Equivalents AA-
    6.07%
  • Man Alternative Style Risk Premia Fund Cl I H NZD
    Australia Other
    4.64%
  • Magellan Global Fund
    Australia International Equities
    3.77%
  • Aqr Wholesale Delta Fund Series 14
    Australia Other
    3.72%
  • Aberdeen Standard Emerging Opportunity Fund
    Australia International Equities
    3.63%
  • Devon Core Absolute Fund
    New Zealand Australasian Equities
    3.17%
Type Target Actual
Cash and Cash Equivalents 12.0% 14.53%
New Zealand Fixed Interest 6.0% 2.25%
International Fixed Interest 0.0% 0.0%
Australasian Equities 11.0% 15.13%
International Equities 46.0% 51.32%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 25.0% 16.77%
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.