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

    • Thermo Fisher Scientific Inc 0.35%
    • Meta Platforms Inc-Class A 0.24%
    • Johnson & Johnson 0.20%
    • Nestle SA-Reg 0.09%
    • Nestle Holdings Inc 0.06%
    • Wells Fargo & Co 0.06%
    • Motorola Solutions Inc 0.05%
    • Caterpillar Inc 0.02%
    • Uber Technologies Inc 0.01%
    • 3M Company 0.03%
    • BHP Group Ltd 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
    • 3M Co 0.01%
    • Air Liquide SA 0.22%
    • Ecolab Inc 0.15%
    • Croda International PLC 0.14%
    • L'Oreal 0.13%
    • Estee Lauder Companies-Cl A 0.11%
    • Procter & Gamble Co/The 0.11%
    • Unilever PLC 0.10%
    • Colgate-Palmolive Co 0.09%
    • Symrise AG 0.08%
    • Clorox Company 0.05%
    • Nomad Foods Ltd 0.05%
    • Reliance Industries Ltd 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
    • Essity Ab 0.04%
    • Intl Flavors & Fragrances 0.04%
    • Kimberly-Clark Corp 0.04%
    • Kimberly-Clark De Mexico 0.04%
    • LVMH Moet Hennessy Vuitt 0.04%
    • 3M Company 0.03%
    • Intl Flavor & Fragrances 0.03%
    • Koninklijke Ahold Delhaize N 0.03%
    • LVMH Moet Hennessy Louis Vui 0.03%
    • Shin-Etsu Chemical Co Ltd 0.03%
    • Celanese US Holdings Llc 0.02%
    • Church & Dwight Co Inc 0.02%
    • Hermes International 0.02%
    • Orbia Advance Corp Sab 0.02%
    • 3M Co 0.01%
    • Akzo Nobel N.V. 0.01%
    • Beiersdorf AG 0.01%
    • Equate Petrochemical Bv 0.01%
    • Henkel AG & Co Kgaa Vor-Pref 0.01%
    • Moncler Spa 0.01%
    • PPG Industries Inc 0.01%
    • Contact Energy Ltd 0.93% 1.5°C
      This company is on a 1.5°C pathway
    • Nextera Energy Inc 0.21%
    • Orsted A/S 0.20% 1.5°C
      This company is on a 1.5°C pathway
    • Iberdrola SA 0.13% 1.5°C
      This company is on a 1.5°C pathway
    • Channel Infrastructure NZ Lt 0.12%
    • Enel Finance Intl Nv 0.10% 1.5°C
      This company is on a 1.5°C pathway
    • Snam Spa 0.09% !!
      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
    • Public Service Enterprise Gp 0.08%
    • Apa Infrastructure Ltd 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
    • Centerpoint Energy Inc 0.07%
    • Enel Spa 0.07% 1.5°C
      This company is on a 1.5°C pathway
    • Alliant Energy Corp 0.06%
    • Dominion Energy Inc 0.06%
    • Hera Spa 0.06%
    • Kinder Morgan Inc 0.06% !!
      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
    • Xcel Energy Inc 0.06%
    • A2A Spa 0.05%
    • Cie De Saint-Gobain 0.05%
    • E.On Intl Finance Bv 0.05%
    • Enel Chile SA 0.05% 1.5°C
      This company is on a 1.5°C pathway
    • National Grid 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
    • Reliance Industries Ltd 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
    • E.On Se 0.04%
    • Esb Finance Dac 0.04%
    • Marathon Petroleum Corp 0.04%
    • National Grid Na 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
    • Nextera Energy Capital 0.04%
    • Portland General Electric Co 0.04%
    • Santos Finance Ltd 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
    • Valero Energy Corp 0.04%
    • Vier Gas Transport Gmbh 0.04%
    • American Electric Power 0.03%
    • Atlantica Sustainable Infras 0.03%
    • Ck Hutchison Intl 17 Ltd 0.03%
    • Genesis Energy Ltd 0.03%
    • Naturgy Finance Bv 0.03%
    • Ampol Ltd 0.02%
    • BHP Group Ltd 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
    • 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
    • Enbridge 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
    • Enterprise Products Oper 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
    • Iberdrola Finanzas Sau 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Korea Midland Power Co 0.02%
    • Oneok Inc 0.02%
    • Pembina Pipeline Corp 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
    • Phillips 66 0.02%
    • Pinnacle West Capital 0.02%
    • Targa Resources Corp 0.02%
    • Williams Cos 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
    • Centrica PLC 0.01%
    • Cheniere Corp Christi Hd 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
    • Compagnie De Saint Gobain 0.01%
    • Eneos Holdings Inc 0.01%
    • Fairfax Financial Hldgs Ltd 0.01%
    • Hf Sinclair Corp 0.01%
    • Hutchison Whampoa Fin UK 0.01%
    • Keyera Corp 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
    • Korea Gas Corp 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
    • Sgsp Australia Assets 0.01%
    • Tc Energy Corp 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
    • Williams Companies Inc 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 30th Sept. 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

The Whai Rawa Mataī-Balanced Fund invests in a wide range of assets and seeks to provide long-term capital growth by using a diversified portfolio with a slight bias towards growth assets. This fund may be suitable for investors who want a diversified investment with exposure to shares and real assets. Investors need to be comfortable with greater fluctuations in returns than can be expected from the Tōtara-Conservative Fund.

Value $23.9M NZD
Period of data report 30th Sept. 2023
Fund started 17th Feb. 2020
Total annual fund fees 0.69%
Total performance based fees 0.0%
Manager's basic fee 0.0%
Other management and administration charges 0.69%
Total other charges 0.0
Total other charges currency NZD

Fiona Pimm

Currently: Chair (5 years, 11 months)
Previously: Whai Rawa Fund Limited Board member (other position currently held) (9 years, 5 months)

David Woods

Currently: Board member (6 years, 10 months)
Previously: Managing Director Oikocredit International, Netherlands (position previously held) (3 years, 10 months)

Clare Murray

Currently: Board Member (5 years, 7 months)
Previously: Owner Consultant Murray & Co (financial services) (other position currently held) (17 years, 6 months)

Anthony Bow

Currently: Board Member (5 years, 7 months)
Previously: Principal Waimana Capital Limited (other position currently held) (7 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 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 -2.59% -3.0%
2022 1.06% 2.89%
2021 18.16% 17.62%

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 Sept. 2023.

Top 10 Investments

  • First Sentier Global Listed Infrastructure Fund
    New Zealand Other
    1.75%
  • New Zealand Government Bond 3.00% 20/04/2029
    New Zealand NZ Fixed Interest AAA
    1.55%
  • Microsoft Corporation
    United States International Equities
    1.45%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    1.31%
  • Infratil Limited
    New Zealand Australasian Equities
    1.21%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    1.17%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    1.06%
  • BNP Paribas US Dollar Custodial Account Mataäª-Balanced Portfolio
    United States Cash and Equivalents
    1.0%
  • New Zealand Government Bond 1.75% 15/05/2041
    New Zealand NZ Fixed Interest AAA
    0.95%
  • Contact Energy Limited
    New Zealand Australasian Equities
    0.93%
Type Target Actual
Cash and Cash Equivalents 4.0% 3.3%
New Zealand Fixed Interest 10.0% 10.92%
International Fixed Interest 26.0% 26.2%
Australasian Equities 12.5% 12.28%
International Equities 35.5% 34.31%
Listed Properties 3.0% 3.88%
Unlisted Properties 3.0% 2.98%
Other 6.0% 6.0%
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 30th Sept. 2023.