Funds
NZ Funds Global Shares
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
Human Rights Violations
-
Meta Platforms Inc-Class A 2.49%
Public Safety
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.
META PLATFORMS INC-CLASS A Public Safety
Meta is the world’s largest online social network consisting of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. The company has faced several investigations and legal action linked to privacy-related allegations, including its handling of user data, and breaches of user privacy. Meta has also been criticised for its poor governance model, as well as allowing its platform in non-English speaking countries to be used to incite ethnic violence.
-
Thermo Fisher Scientific Inc 0.72%
Human Rights Abuses
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
THERMO FISHER SCIENTIFIC INC Human Rights Abuses
Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. Thermo Fisher DNA testing kits have been linked to surveillance and discriminatory purposes by the legal authorities in Xinjiang (a region of China) for monitoring and tracking the Muslim Uyghur ethnic group and other minorities. Evidence shows Thermo Fisher Scientific continues to supply DNA sequencing products to the Xinjiang region, despite the company announcing it would halt sales to the region in 2019.
-
Rio Tinto Ltd 0.64%
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Human Rights Abuses
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
-
Nestle SA-Reg 0.53%
Human Rights Abuses
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
NESTLE SA-REG Human Rights Abuses
Nestle manufactures and sells food and beverages. The company has been criticised for exploiting local water resources for its bottled water production, which has forced underprivileged communities to pay a premium for their groundwater while alternatives have been exhausted. There have also been several allegations of labour conflicts and human rights violations in Nestle’s palm oil, coffee, fruits and seafood supply chains.
-
Meta Platforms Inc-Class A 2.49%
Environmental Harm
-
P G & E Corp 0.43%
Environmental Damage
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
-
P G & E Corp 0.43%
Animal Cruelty
-
LVMH Moet Hennessy Louis Vui 1.26%
Animal Welfare Issues
Where companies, through their products or operations, cause harm to animals e.g., animal entertainment (such as marine parks and rodeos), livestock exports, whale meat etc.
Fur & Speciality Leather
Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).
-
L'Oreal 0.59%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
L'OREAL Animal Testing
L'Oréal is a personal care company and cosmetics company concentrating on hair colour, skin care, sun protection, make-up, perfume, and hair care. The company states that its products are sold in countries where animal testing of cosmetic products is required by law.
-
Kering 0.57%
Animal Welfare Issues
Where companies, through their products or operations, cause harm to animals e.g., animal entertainment (such as marine parks and rodeos), livestock exports, whale meat etc.
Fur & Speciality Leather
Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).
-
Dupont De Nemours Inc 0.42%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
-
Colgate-Palmolive Co 0.35%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
-
Croda International PLC 0.29%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
-
LVMH Moet Hennessy Louis Vui 1.26%
Weapons
-
Walmart Inc 0.81%
Firearms
Where companies are involved in the manufacturing or retail of firearms, including guns, rifles, pistols, or components or services thereof.
WALMART INC Firearms
Walmart is the USA’s largest retailer by sales, selling a variety of general merchandise and grocery items. Walmart retails shotguns, pistols and ammunition at some of its stores in the USA, as well as components for firearms such as scopes. Walmart are currently working to improve their weapon-realted controls.
-
Walmart Inc 0.81%
Fossil Fuels
-
Rio Tinto Ltd 0.64%
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Human Rights Abuses
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
-
P G & E Corp 0.43%
Environmental Damage
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
-
Rio Tinto Ltd 0.64%
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 2024 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
In their own words
The objective of the Global Shares fund is to grow your investment over the long term. The fund is anticipated to mainly hold international shares.
| Value | $168M NZD |
| Period of data report | 30th June 2024 |
| Fund started | 31st Oct. 2008 |
| Total annual fund fees | 3.36% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 2.53% |
| Other management and administration charges | 0.83% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Michael Lang |
Currently: Chief Executive and a Director (5 years, 9 months) |
|
Mark Brooks |
Currently: Chief Investment Officer and a Principal (0 years, 4 months) |
|
David Haslam |
Currently: Senior Dealer (7 years, 6 months) |
|
Paul Van Wetering |
Currently: Head of Investment Operations and Responsible Investing (4 years, 6 months) |
|
Casey Keiper |
Currently: Senior Equity Analyst (1 years, 9 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.
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 |
|---|---|---|
| 2024 | 14.61% | 27.89% |
| 2023 | -4.85% | -11.56% |
| 2022 | 3.53% | -16.31% |
| 2021 | 35.55% | 73.3% |
| 2020 | -7.06% | -5.62% |
| 2019 | 10.17% | 0.51% |
| 2018 | 7.53% | 7.85% |
| 2017 | 9.49% | 12.32% |
| 2016 | 4.71% | -9.22% |
| 2015 | 14.67% | 23.55% |
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 2024.
Top 10 Investments
-
Westpac Cash
New Zealand Cash and Equivalents A-1+8.87% -
Goldman Sachs Futures
New Zealand Cash and Equivalents A-15.23% -
Microsoft Corp
United States International Equities4.85% -
Nvidia Corp
United States International Equities4.16% -
Amazon.Com Inc
United States International Equities3.77% -
Taiwan Semiconductor Manufacturing-Adr
Taiwan, Province of China International Equities3.39% -
Alphabet Inc
United States International Equities3.1% -
Goldman Sachs Futures
New Zealand Cash and Equivalents A-12.92% -
Meta Platforms Inc
United States International Equities2.8% -
Citibank Hong Kong Cash
United States Cash and Equivalents A-12.66%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 0.0% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.56% |
| International Equities | 95.0% | 98.75% |
| Listed Properties | 0.0% | 0.19% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.5% |
| Commodities | 0.0% | 0.0% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.