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

    • Contact Energy Ltd 6.16% 1.5°C
      This company is on a 1.5°C pathway

Fund Provider Response

Contact Energy is predominantly a renewable electricity provider (over 85% of its generation) with significant investment into new renewable energy projects, contributing to the climate transition.

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

The Fund provides a diversified exposure to New Zealand and Australian equities that meet certain ethical investment criteria. The investment objective of the Fund is to exceed the return of the S&P/NZX50 Portfolio Gross Index over rolling three-year periods, before taking into account fees and expenses.

Value $103M NZD
Period of data report 30th June 2024
Fund started 1st April 2020
Total annual fund fees 0.57%
Total performance based fees 0.0%
Manager's basic fee 0.45%
Other management and administration charges 0.12%
Total other charges 0.0
Total other charges currency NZD

Andrew Bascand

Currently: Managing Director, Portfolio Manager (14 years, 6 months)
Previously: Alliance Capital, Head of Equities, Portfolio Manager (10 years, 0 months)

Oyvinn Rimer

Currently: Director, Senior Research Analyst (14 years, 6 months)
Previously: Research Analyst, Alliance Bernstein (2 years, 3 months)

Shane Solly

Currently: Director, Portfolio Manager (10 years, 3 months)
Previously: Mint AM, Head of Equities, Portfolio Manager (7 years, 2 months)

Craig Stent

Currently: Executive Director and Head of Equities (14 years, 6 months)
Previously: Research Analyst, Alliance Bernstein (8 years, 0 months)

Kevin Bennett

Currently: Director, Head of Research (14 years, 6 months)
Previously: Research Analyst, Alliance Bernstein (10 years, 0 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% 6.1%
2023 -4.85% -9.0%
2022 3.53% 0.5%
2021 35.55% 49.9%
2020 -7.06% 0.0%
2019 10.17% 0.0%
2018 7.53% 0.0%
2017 9.49% 0.0%
2016 4.71% 0.0%
2015 14.67% 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 2024.

Top 10 Investments

  • Mainfreight Limited
    New Zealand Australasian Equities
    7.62%
  • Infratil Limited
    New Zealand Australasian Equities
    7.52%
  • Contact Energy Limited
    New Zealand Australasian Equities
    6.74%
  • The A2 Milk Company Limited
    New Zealand Australasian Equities
    6.36%
  • Summerset Group Ltd
    New Zealand Australasian Equities
    5.23%
  • Fisher & Paykel Healthcare Corp Ltd
    New Zealand Australasian Equities
    5.11%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    4.35%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    4.3%
  • Ebos Group Limited Ordinary Shares
    New Zealand Australasian Equities
    3.98%
  • Ryman Healthcare
    New Zealand Australasian Equities
    3.62%
Type Target Actual
Cash and Cash Equivalents 0.0% 1.72%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 100.0% 98.28%
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 2024.