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:

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

Companies of concern

    • Meta Platforms Inc-Class A 0.55%
    • Johnson & Johnson 0.30%
    • Rio Tinto Ltd 0.22%
    • Nestle SA-Reg 0.13%
    • Thermo Fisher Scientific Inc 0.12%
    • Caterpillar Inc 0.11%
    • Activision Blizzard Inc 0.08%
    • Rio Tinto PLC 0.05%
    • Motorola Solutions Inc 0.04%
    • Wells Fargo & Co 0.04%
    • Glencore PLC 0.02%
    • Uber Technologies Inc 0.02%
    • Bank Leumi Le-Israel 0.01%
    • Mattel Inc 0.01%
    • BHP Group Ltd 1.23% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Newcrest Mining Ltd 0.13%
    • Shell PLC 0.05% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Corteva Inc 0.04%
    • Fmc Corp 0.04%
    • Bayer AG-Reg 0.02%
    • Glencore PLC 0.02%
    • Nutrien Ltd 0.02%
    • Nufarm Ltd 0.01%
    • Scotts Miracle-Gro Co 0.01%
    • Southern Copper Corp 0.01%
    • Procter & Gamble Co/The 0.20%
    • L'Oreal 0.16%
    • LVMH Moet Hennessy Louis Vui 0.13%
    • Unilever PLC 0.09%
    • Sherwin-Williams Co/The 0.08%
    • Hermes International 0.07%
    • Colgate-Palmolive Co 0.06%
    • Estee Lauder Companies-Cl A 0.06%
    • 3M Co 0.05%
    • Givaudan-Reg 0.05%
    • Kering 0.05%
    • Koninklijke Ahold Delhaize N 0.05%
    • Shell PLC 0.05% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Corteva Inc 0.04%
    • Fmc Corp 0.04%
    • Mosaic Co/The 0.04%
    • Orica Ltd 0.04%
    • Tapestry Inc 0.04%
    • Akzo Nobel N.V. 0.03%
    • Church & Dwight Co Inc 0.03%
    • Coty Inc-Cl A 0.03%
    • Ecolab Inc 0.03%
    • Intl Flavors & Fragrances 0.03%
    • PPG Industries Inc 0.03%
    • Albemarle Corp 0.02%
    • Bayer AG-Reg 0.02%
    • Chr Hansen Holding A/S 0.02%
    • Clorox Company 0.02%
    • Covestro AG 0.02%
    • Dow Inc 0.02%
    • Dupont De Nemours Inc 0.02%
    • Nutrien Ltd 0.02%
    • Arkema 0.01%
    • Burberry Group PLC 0.01%
    • Capri Holdings Ltd 0.01%
    • Dcc PLC 0.01%
    • Element Solutions Inc 0.01%
    • Huntsman Corp 0.01%
    • Ingevity Corp 0.01%
    • Johnson Matthey PLC 0.01%
    • Koninklijke Dsm Nv 0.01%
    • Nufarm Ltd 0.01%
    • Pigeon Corp 0.01%
    • Ralph Lauren Corp 0.01%
    • Rpm International Inc 0.01%
    • Scotts Miracle-Gro Co 0.01%
    • Shiseido Co Ltd 0.01%
    • Swatch Group AG/The-Br 0.01%
    • Umicore 0.01%
    • Walmart Inc 0.30%
    • Airbus Se 0.05%
    • Safran SA 0.05%
    • Booz Allen Hamilton Holdings 0.03%
    • Transdigm Group Inc 0.03%
    • Amphenol Corp-Cl A 0.02%
    • Caci International Inc -Cl A 0.02%
    • Canadian Tire Corp-Class A 0.02%
    • Dick'S Sporting Goods Inc 0.02%
    • Howmet Aerospace Inc 0.02%
    • Science Applications Inte 0.02%
    • Teledyne Technologies Inc 0.02%
    • Ati Inc 0.01%
    • Curtiss-Wright Corp 0.01%
    • Firstcash Holdings Inc 0.01%
    • Indra Sistemas SA 0.01%
    • Mercury Systems Inc 0.01%
    • Oshkosh Corp 0.01%
    • Rheinmetall AG 0.01%
    • BHP Group Ltd 1.23% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Woodside Energy Group Ltd 0.36% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Contact Energy Ltd 0.17% 1.5°C
      This company is on a 1.5°C pathway
    • Marathon Petroleum Corp 0.17%
    • Valero Energy Corp 0.14%
    • Santos Ltd 0.13% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • South32 Ltd 0.10%
    • Origin Energy Ltd 0.08% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Apa Group 0.07% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Wec Energy Group Inc 0.06%
    • Xcel Energy Inc 0.06%
    • E.On Se 0.05%
    • Shell PLC 0.05% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Washington H. Soul Pattinson 0.05%
    • Ampol Ltd 0.04%
    • Enbridge Inc 0.04% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Itochu Corp 0.04% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Orica Ltd 0.04%
    • Agl Energy Ltd 0.03%
    • Consolidated Edison Inc 0.03%
    • Halliburton Co 0.03%
    • Iberdrola SA 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Oneok Inc 0.03%
    • Phillips 66 0.03%
    • Suncor Energy Inc 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Texas Pacific Land Corp 0.03%
    • Whitehaven Coal Ltd 0.03%
    • Atmos Energy Corp 0.02%
    • Cheniere Energy Inc 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Constellation Energy 0.02%
    • Enel Spa 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Fairfax Financial Hldgs Ltd 0.02%
    • Glencore PLC 0.02%
    • Hf Sinclair Corp 0.02%
    • National Grid PLC-Sp Adr 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Neste Oyj 0.02%
    • Pbf Energy Inc-Class A 0.02%
    • Sempra Energy 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Beach Energy Ltd 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Brickworks Ltd 0.01%
    • Enagas SA 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Parkland Corp 0.01%
    • Scorpio Tankers Inc 0.01%
    • Ugi Corp 0.01%
    • Viva Energy Group Ltd 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C

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 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

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 $27M NZD
Period of data report 30th June 2023
Fund started 18th Jan. 2010
Total annual fund fees 1.7%
Total performance based fees 0.0%
Manager's basic fee 0.91%
Other management and administration charges 0.78%
Total other charges 0.0
Total other charges currency NZD

Mark Wooster

Currently: CIO (Caliber Investment) (13 years, 7 months)
Previously: CIO (Sovereign and ASB Group Investments) (5 years, 0 months)

Alan Austin

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

Jason Ferguson

Currently: Investment Strategist (Caliber investment) (9 years, 0 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 30th June 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 -4.94% -2.61%
2022 1.99% 3.18%
2021 33.68% 25.2%
2020 -4.45% -6.27%
2019 6.12% 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%

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 30th June 2023.

Top 10 Investments

  • Dimensional Global Sust. (NZD Hedged)
    Australia International Equities
    23.7%
  • Dimensional Global Sustainability PIE Fund
    Australia International Equities
    19.42%
  • Spdr S&P/ASX 200 Index
    Australia Australasian Equities
    11.39%
  • Cash At Bank - AUD (Speciality Two Fund)
    New Zealand Cash and Equivalents AA-
    7.1%
  • Man Alternative Style Risk Premia Fund Cl I H NZD
    Australia Other
    6.71%
  • Magellan Global Fund
    Australia International Equities
    3.78%
  • Man Ahl Alpha AUD Class B
    Australia Other
    3.71%
  • Aberdeen Standard Emerging Opportunity Fund
    Australia International Equities
    3.63%
  • Aqr Wholesale Managed Futures Fund Class 1P
    Australia Other
    2.97%
  • Aqr Style Premia Offshore Fund - NZD Class
    Australia Other
    2.43%
Type Target Actual
Cash and Cash Equivalents 12.0% 14.68%
New Zealand Fixed Interest 6.0% 2.16%
International Fixed Interest 0.0% 0.0%
Australasian Equities 11.0% 12.66%
International Equities 46.0% 52.92%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 25.0% 17.58%
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 30th June 2023.