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 aggressive funds is 12.02%.
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
Has developed AI-based predictive policing systems. These are sold to Israeli security forces and used in surveillance of Palestinian in occupied Palestinian territories. The systems were originally designed for US immigration authorities and are used in the US to target immigrants and manage raids.
Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.
The world’s largest social network (Facebook, Instagram, Messenger, WhatsApp). Company has faced claims and legal actions due to mental health harm (notably to young people), breaches of user privacy / data rights, and the spread of misinformation. Inadequate moderating in non-English speaking countries (e.g. Myanmar) allowed the platform to be used to incite ethnic violence. Removal of content moderation from strt of 2025 increases risk of social and political harm.
The objective of the Global Macro fund is to grow your investment over the long term. The fund is anticipated to own and trade authorised asset classes, using hedge fund instruments and techniques over the minimum suggested timeframe.
| Value | $145M NZD |
| Period of data report | 31st March 2025 |
| Fund started | 31st Oct. 2008 |
| Total annual fund fees | 2.83% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 2.51% |
| Other management and administration charges | 0.32% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
John Cobb |
Currently: Chair of the Investment Governance Committee and a Director (2 years, 4 months)
|
|
Michael Lang |
Currently: Chief Executive and a Director (6 years, 6 months)
|
|
Mark Brooks |
Currently: Chief Investment Officer and a Principal (1 years, 1 months)
|
|
Paul Van Wetering |
Currently: Head of Investment Operations and Responsible Investing (5 years, 3 months)
|
|
Casey Keiper |
Currently: Portfolio Manager and Head of Research (0 years, 9 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
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 |
|---|---|---|
| 2025 | 4.07% | 1.32% |
| 2024 | 15.78% | 20.31% |
| 2023 | -4.85% | -27.72% |
| 2022 | 3.53% | -25.44% |
| 2021 | 35.55% | 101.72% |
| 2020 | -7.06% | -8.8% |
| 2019 | 10.17% | 1.28% |
| 2018 | 7.53% | 2.08% |
| 2017 | 9.49% | 6.12% |
| 2016 | 4.71% | -10.06% |
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 2025.
Goldman Sachs Futures
New Zealand Cash and Equivalents A-1
Westpac Cash
New Zealand Cash and Equivalents A-1+
Goldman Sachs Futures
New Zealand Cash and Equivalents A-1
Didi Global Inc
China International Equities
Westpac Bank Bill 4.033% 14/05/2025
New Zealand Cash and Equivalents A-1+
Citibank Hong Kong Cash
United States Cash and Equivalents A-1
Goldman Sachs Futures
New Zealand Cash and Equivalents A-1
Palantir Technologies Inc
United States International Equities
Citibank New Zealand Cash
New Zealand Cash and Equivalents A-1
Citibank Hong Kong Cash
United States Cash and Equivalents A-1
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 0.0% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.04% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 95.0% | 76.96% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 9.25% |
| Commodities | 0.0% | 13.75% |
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 2025.
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 2025 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 the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
Has developed AI-based predictive policing systems. These are sold to Israeli security forces and used in surveillance of Palestinian in occupied Palestinian territories. The systems were originally designed for US immigration authorities and are used in the US to target immigrants and manage raids.
Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.
The world’s largest social network (Facebook, Instagram, Messenger, WhatsApp). Company has faced claims and legal actions due to mental health harm (notably to young people), breaches of user privacy / data rights, and the spread of misinformation. Inadequate moderating in non-English speaking countries (e.g. Myanmar) allowed the platform to be used to incite ethnic violence. Removal of content moderation from strt of 2025 increases risk of social and political harm.
The objective of the Global Macro fund is to grow your investment over the long term. The fund is anticipated to own and trade authorised asset classes, using hedge fund instruments and techniques over the minimum suggested timeframe.
| Value | $145M NZD |
| Period of data report | 31st March 2025 |
| Fund started | 31st Oct. 2008 |
| Total annual fund fees | 2.83% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 2.51% |
| Other management and administration charges | 0.32% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
John Cobb |
Currently: Chair of the Investment Governance Committee and a Director (2 years, 4 months)
|
|
Michael Lang |
Currently: Chief Executive and a Director (6 years, 6 months)
|
|
Mark Brooks |
Currently: Chief Investment Officer and a Principal (1 years, 1 months)
|
|
Paul Van Wetering |
Currently: Head of Investment Operations and Responsible Investing (5 years, 3 months)
|
|
Casey Keiper |
Currently: Portfolio Manager and Head of Research (0 years, 9 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
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 |
|---|---|---|
| 2025 | 4.07% | 1.32% |
| 2024 | 15.78% | 20.31% |
| 2023 | -4.85% | -27.72% |
| 2022 | 3.53% | -25.44% |
| 2021 | 35.55% | 101.72% |
| 2020 | -7.06% | -8.8% |
| 2019 | 10.17% | 1.28% |
| 2018 | 7.53% | 2.08% |
| 2017 | 9.49% | 6.12% |
| 2016 | 4.71% | -10.06% |
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 2025.
Goldman Sachs Futures
New Zealand Cash and Equivalents A-1
Westpac Cash
New Zealand Cash and Equivalents A-1+
Goldman Sachs Futures
New Zealand Cash and Equivalents A-1
Didi Global Inc
China International Equities
Westpac Bank Bill 4.033% 14/05/2025
New Zealand Cash and Equivalents A-1+
Citibank Hong Kong Cash
United States Cash and Equivalents A-1
Goldman Sachs Futures
New Zealand Cash and Equivalents A-1
Palantir Technologies Inc
United States International Equities
Citibank New Zealand Cash
New Zealand Cash and Equivalents A-1
Citibank Hong Kong Cash
United States Cash and Equivalents A-1
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 0.0% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.04% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 95.0% | 76.96% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 9.25% |
| Commodities | 0.0% | 13.75% |
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 2025.
