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 0.09%
    • Nestle Holdings Inc 0.09%
    • Johnson & Johnson 0.05%
    • Nestle Finance Intl Ltd 0.03%
    • Thermo Fisher Sc Fnce I 0.03%
    • Thermo Fisher Scientific 0.03%
    • Caterpillar Finl Service 0.01%
    • Caterpillar Inc 0.01%
    • Cargill Inc 0.04%
    • 3M Company 0.03%
    • Nutrien Ltd 0.02%
    • 3M Co 0.01%
    • Bunge Ltd Finance Corp 0.01%
    • Procter & Gamble Co/The 0.04%
    • 3M Company 0.03%
    • Air Liquide Finance 0.03%
    • Akzo Nobel Nv 0.03%
    • Lanxess AG 0.03%
    • Tyson Foods Inc 0.03%
    • Unilever Finance 0.03%
    • Nutrien Ltd 0.02%
    • Richemont International 0.02%
    • Sherwin-Williams Co 0.02%
    • Unilever Capital Corp 0.02%
    • 3M Co 0.01%
    • Colgate-Palmolive Co 0.01%
    • Dupont De Nemours Inc 0.01%
    • Estee Lauder Co Inc 0.01%
    • Evonik Industries AG 0.01%
    • Hormel Foods Corp 0.01%
    • Kimberly-Clark Corp 0.01%
    • Pilgrim'S Pride Corp 0.01%
    • Amphenol Corp 0.01%
    • Ccep Finance Ireland Dac 0.03%
    • Cie De Saint-Gobain 0.03%

Fund Provider Response

The fund invests in the iShares ESG Global Bond Index Fund, an Australian unit trust managed by BlackRock Investment Management (Australia) Limited, which aims to track a custom global bond benchmark index (Underlying Fund). The benchmark index applies exclusionary screens to avoid corporate bond issuers associated with certain business activities, subject to relevant sector classifications and/or revenue thresholds. The definitions for screening are based on the Bloomberg MSCI ESG fixed income index methodology. Further information about the Underlying Fund, including details about the exclusionary screens that are applied, can be found in the iShares ESG Global Bond Index Fund product disclosure statement and its accompanying additional fund information booklet that is available on BlackRock’s website at Since the date of this holdings data the fund has divested of Credit Suisse Group holding.

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 Fund provides a diversified exposure to international fixed interest securities that meet certain ethical investment criteria. The investment objective of the Fund 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 $55.5M NZD
Period of data report 31st Dec. 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

Halie Hartigan

Currently: Investment Manager (1 years, 6 months)
Previously: Manager Responsible Investments, ASB Group Investments (9 years, 9 months)

Matthew Goldsack

Currently: General Manager Investments (3 years, 10 months)
Previously: Head of Investment Solutions, BT Funds Management (11 years, 2 months)

Rachael Mcdonald

Currently: Chief Executive (1 years, 4 months)
Previously: Managing Partner, BVI, Mourant Ozannes (10 years, 0 months)

Shane Coward

Currently: Chief Operating Officer (9 years, 0 months)
Previously: General Manager Finance, Trust Investments Management Limited (12 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 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 31st Dec. 2023.

Top 10 Investments

  • Blackrock Ishares ESG Screened Global Bond Index Fund
    Australia Int Fixed Interest
  • Unrealised Foreign Exchange Hedging P&L
    New Zealand Other AA-
  • Cash and Cash Equivalents
    New Zealand Cash and Equivalents
Type Target Actual
Cash and Cash Equivalents 0.0% 0.71%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 100.0% 99.29%
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 31st Dec. 2023.