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 defensive funds is 1.99%.
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
Wells Fargo is a multinational financial services company which serves millions of customers in 35 countries. They have been involved in significant business ethics scandals for false inflation, cross selling and misleading customers over a period of 2002 to 2016.
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.
Johnson & Johnson is the world's largest and most diverse healthcare firm. Repeated incidents related to the quality and safety of several of its products across drugs, devices, and consumer products. Exceptioanlly high number of liability claims relating to talc based products and links to cancers.
In July 2025, we divested from BlackRock’s iShares ESG Screened Global Bond Index Fund and invested with Nuveen’s Global Sustainable Bond Fund. This change gives investors access to Nuveen’s strong fixed income expertise and deepens ESG and impact integration. The Fund offers broad global investment grade fixed income exposure, with around 40% in impact bonds financing affordable housing, community development, renewable energy, and natural resource protection. The remainder is invested in bonds issued by ESG leaders, as assessed by Nuveen. Corporate issuers are screened, while impact bonds are exempt from these screening criteria.
The Fund provides a diversified exposure to international fixed interest investments that meet certain ethical investment criteria. The investment objective of the Fund is to to generate a total return similar to the return of 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 | $52.5M NZD |
| Period of data report | 30th June 2025 |
| 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 (3 years, 0 months)
|
|
Matthew Goldsack |
Currently: General Manager Investments (5 years, 4 months)
|
|
Rachael Mcdonald |
Currently: Chief Executive (2 years, 10 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 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 | 3.87% | 2.4% |
| 2024 | 3.43% | 2.2% |
| 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% |
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 2025.
Nuveen Global Sustainable Bond Fund
Ireland Int Fixed Interest
Blackrock Ishares ESG Screened Global Bond Index Fund
Australia Int Fixed Interest
Cash and Cash Equivalents
New Zealand Cash and Equivalents
Unrealised Foreign Exchange Hedging P&L
New Zealand Other AA-
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 1.11% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 100.0% | 98.89% |
| 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% |
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 30th June 2025.
This data is compiled by Mindful Money from the fund information and portfolios
that each
fund has
filed with the Disclose register to 1st July 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 low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
Wells Fargo is a multinational financial services company which serves millions of customers in 35 countries. They have been involved in significant business ethics scandals for false inflation, cross selling and misleading customers over a period of 2002 to 2016.
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.
Johnson & Johnson is the world's largest and most diverse healthcare firm. Repeated incidents related to the quality and safety of several of its products across drugs, devices, and consumer products. Exceptioanlly high number of liability claims relating to talc based products and links to cancers.
In July 2025, we divested from BlackRock’s iShares ESG Screened Global Bond Index Fund and invested with Nuveen’s Global Sustainable Bond Fund. This change gives investors access to Nuveen’s strong fixed income expertise and deepens ESG and impact integration. The Fund offers broad global investment grade fixed income exposure, with around 40% in impact bonds financing affordable housing, community development, renewable energy, and natural resource protection. The remainder is invested in bonds issued by ESG leaders, as assessed by Nuveen. Corporate issuers are screened, while impact bonds are exempt from these screening criteria.
The Fund provides a diversified exposure to international fixed interest investments that meet certain ethical investment criteria. The investment objective of the Fund is to to generate a total return similar to the return of 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 | $52.5M NZD |
| Period of data report | 30th June 2025 |
| 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 (3 years, 0 months)
|
|
Matthew Goldsack |
Currently: General Manager Investments (5 years, 4 months)
|
|
Rachael Mcdonald |
Currently: Chief Executive (2 years, 10 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 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 | 3.87% | 2.4% |
| 2024 | 3.43% | 2.2% |
| 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% |
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 2025.
Nuveen Global Sustainable Bond Fund
Ireland Int Fixed Interest
Blackrock Ishares ESG Screened Global Bond Index Fund
Australia Int Fixed Interest
Cash and Cash Equivalents
New Zealand Cash and Equivalents
Unrealised Foreign Exchange Hedging P&L
New Zealand Other AA-
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 1.11% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 100.0% | 98.89% |
| 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% |
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 30th June 2025.
This data is compiled by Mindful Money from the fund information and portfolios
that each
fund has
filed with the Disclose register to 1st July 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.
