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:

  • Adult Entertainment/Pornography
  • Alcohol
  • Animal Cruelty
  • Fossil Fuels
  • Gambling
  • GMOs
  • Human Rights & Environmental Violations
  • Palm Oil
  • Tobacco
  • Weapons

Companies of concern

    • Contact Energy Ltd 3.52%

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. 2022 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 invests directly in Australasian equities, listed property companies and other assets that satisfy Pathfinder's ethical investment criteria.

Pathfinder is a boutique fund manager based in Auckland. We started investing ethically in 2010, and now manage 8 Funds, with our research and expertise focused on investing responsibly and ethically in global markets. We seek out companies actively making a positive difference and believe these kinds of companies also make better long-term financial investments. Investing ethically to us means making conscious choices for doing good with the money we manage. We want our investors to both do good and do well.

Value $33M NZD
Period of data report 31st Dec. 2022
Fund started 18th Sept. 2019
Total annual fund fees 1.0%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

John Berry

Currently: CEO (13 years, 9 months)
Previously: Deutsche Bank - Consultant (4 years, 9 months)

Paul Brownsey

Currently: CIO (13 years, 9 months)
Previously: Deutsche Bank - Director (5 years, 0 months)

Nish Vyas

Currently: Director of Private Wealth (2 years, 11 months)
Previously: Senior Private Banker - BNZ (4 years, 0 months)

Kent Fraser

Currently: Chair of Investment Committee (6 years, 3 months)
Previously: (None years, None months)

Hamesh Sharma

Currently: Portfolio Manager (3 years, 8 months)
Previously: Head of Research of Australasian Trading Partners Limited (5 years, 4 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.

Investment Exclusions

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

Issue of concern Does this fund say it excludes this? Actual holdings
Adult Entertainment /Pornography 0.00%
Alcohol 0.00%
Animal Cruelty 0.00%
Fossil Fuels 3.52%
Gambling 0.00%
GMOs 0.00%
Human Rights & Environmental Violations 0.00%
Palm Oil 0.00%
Tobacco 0.00%
Weapons 0.00%

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. 2022 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.

Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

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
2022 1.53% -0.64%
2021 32.66% 46.92%

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. 2022.

Top 10 Investments

  • Cash At Bank- NZD- Westpac
    New Zealand Cash and Equivalents AA-
    10.2179%
  • Infratil Ltd
    New Zealand Australasian Equities
    7.2466%
  • Telstra Corp Ltd
    Australia Australasian Equities
    5.7434%
  • Ebos Group Ltd
    New Zealand Australasian Equities
    5.5145%
  • Qbe Insurance Group Ltd
    Australia Australasian Equities
    5.3495%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    5.1175%
  • CSL Limited
    Australia Australasian Equities
    5.0264%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    4.9014%
  • National Australia Bank Ltd
    Australia Australasian Equities
    4.4969%
  • Nextdc Ltd
    Australia Australasian Equities
    4.4623%
Type Target Actual
Cash and Cash Equivalents 0.0% 10.2502%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 95.0% 84.0104%
International Equities 0.0% 0.0%
Listed Properties 5.0% 4.4623%
Unlisted Properties 0.0% 0.0%
Other 0.0% 1.2772%
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. 2022.