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.


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

Companies of concern

    • Credit Suisse Group AG 0.10%
    • Johnson & Johnson 0.10%
    • Qatar Energy 0.10% !!
      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

Fund Provider Response

The fund has divested from Credit Suisse Group and Qatar Energy since this data was released on 31st March.
Johnson & Johnson’s MSCI ESG rating was upgraded from BBB to A on 25 August 2022.

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

The Fund provides a diversified exposure to international fixed interest securities that meet certain ethical investment criteria. The Fund’s investment objective is to closely track the return of the benchmark, the Bloomberg Global Aggregate Index (100% hedged to NZ dollars), subject to meeting certain ethical investment criteria, before taking into account fees and expenses.

Value $52M NZD
Period of data report 30th June 2023
Fund started 1st April 2020
Total annual fund fees 0.36%
Total performance based fees 0.0%
Manager's basic fee 0.25%
Other management and administration charges 0.11%
Total other charges 0.0
Total other charges currency NZD

Matthew Goldsack

Currently: General Manager Investments (3 years, 4 months)
Previously: Head of Investment Solutions, BT Funds Management (11 years, 2 months)

Halie Hartigan

Currently: Investment Manager (1 years, 0 months)
Previously: Manager Responsible Investments, ASB Group Investments (9 years, 9 months)

Rachael Mcdonald

Currently: Chief Executive (0 years, 10 months)
Previously: Managing Partner, BVI, Mourant Ozannes (10 years, 0 months)

Shane Coward

Currently: Chief Operating Officer (8 years, 6 months)
Previously: General Manager Finance, Trust Investments Management Limited (12 years, 0 months)

Teresa Brandts-Giesen

Currently: Senior Manager Markets (0 years, 3 months)
Previously: Director, PwC (2 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 -0.79% -3.8%
2022 -2.46% -3.0%
2021 2.15% -1.1%
2020 1.75% 0.0%
2019 2.76% 0.0%
2018 1.94% 0.0%
2017 1.52% 0.0%
2016 2.91% 0.0%
2015 5.21% 0.0%
2014 1.36% 0.0%

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

  • Blackrock Ishares ESG Global Bond Index Fund
    Australia Int Fixed Interest
  • Cash and Cash Equivalents
    New Zealand Cash and Equivalents
Type Target Actual
Cash and Cash Equivalents 0.0% 0.27%
New Zealand Fixed Interest 0.0% 99.73%
International Fixed Interest 100.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
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 June 2023.