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

    • Meta Platforms Inc-Class A 0.33%
    • Johnson & Johnson 0.28%
    • Credit Suisse Group AG 0.23%
    • Nestle SA-Reg 0.23%
    • Thermo Fisher Scientific Inc 0.16%
    • Wells Fargo & Co 0.10%
    • Caterpillar Inc 0.08%
    • Credit Suisse AG 0.08%
    • Rio Tinto PLC 0.05%
    • Activision Blizzard Inc 0.04%
    • Glencore PLC 0.04%
    • Credit Suisse AG London 0.03%
    • Motorola Solutions Inc 0.03%
    • Uber Technologies Inc 0.03%
    • Rio Tinto Ltd 0.02%
    • Shell PLC 0.14% !!
      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
    • BHP Group Ltd 0.11% !!
      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
    • Duke Energy Corp 0.05%
    • Bayer AG-Reg 0.04%
    • Energy Transfer Lp 0.04% !!
      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
    • Freeport-Mcmoran Inc 0.04%
    • Glencore PLC 0.04%
    • Archer-Daniels-Midland Co 0.03%
    • Basf Se 0.03%
    • Corteva Inc 0.03%
    • Barrick Gold Corp 0.02%
    • Bayer US Finance Ii Llc 0.02%
    • Nutrien Ltd 0.02%
    • P G & E Corp 0.02%
    • Fmc Corp 0.01%
    • Newcrest Mining Ltd 0.01%
    • Exxon Mobil Corp 0.31% !!
      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
    • Procter & Gamble Co/The 0.24%
    • Chevron Corp 0.20% !!
      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
    • LVMH Moet Hennessy Louis Vui 0.17%
    • Shell PLC 0.14% !!
      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
    • Unilever PLC 0.09%
    • L'Oreal 0.07%
    • Air Liquide SA 0.06%
    • 3M Co 0.04%
    • Bayer AG-Reg 0.04%
    • Colgate-Palmolive Co 0.04%
    • Estee Lauder Companies-Cl A 0.04%
    • Hermes International 0.04%
    • Sherwin-Williams Co/The 0.04%
    • Basf Se 0.03%
    • Corteva Inc 0.03%
    • Dow Inc 0.03%
    • Ecolab Inc 0.03%
    • Kering 0.03%
    • Kimberly-Clark Corp 0.03%
    • Albemarle Corp 0.02%
    • Bayer US Finance Ii Llc 0.02%
    • Church & Dwight Co Inc 0.02%
    • Dupont De Nemours Inc 0.02%
    • Eni Spa 0.02% !!
      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
    • Givaudan-Reg 0.02%
    • Intl Flavors & Fragrances 0.02%
    • Koninklijke Ahold Delhaize N 0.02%
    • Nutrien Ltd 0.02%
    • PPG Industries Inc 0.02%
    • Akzo Nobel N.V. 0.01%
    • Cabot Oil & Gas Corp 0.01%
    • Clorox Company 0.01%
    • Fmc Corp 0.01%
    • Henkel AG & Co Kgaa Vor-Pref 0.01%
    • Kao Corp 0.01%
    • Koninklijke Dsm Nv 0.01%
    • Rentokil Initial PLC 0.01%
    • Shiseido Co Ltd 0.01%
    • Tyson Foods Inc-Cl A 0.01%
    • Unicharm Corp 0.01%
    • Walmart Inc 0.15%
    • Amphenol Corp-Cl A 0.04%
    • Teledyne Technologies Inc 0.02%
    • Transdigm Group Inc 0.02%
    • Howmet Aerospace Inc 0.01%
    • Mtu Aero Engines AG 0.01%
    • Contact Energy Ltd 0.99% 1.5°C
      This company is on a 1.5°C pathway
    • Exxon Mobil Corp 0.31% !!
      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
    • Genesis Energy Ltd 0.24%
    • Chevron Corp 0.20% !!
      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
    • Shell PLC 0.14% !!
      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
    • BHP Group Ltd 0.11% !!
      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
    • Nextera Energy Inc 0.10%
    • Total SA 0.10%
    • Conocophillips 0.09% !!
      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
    • BP PLC 0.08% !!
      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
    • Enbridge Inc 0.06% !!
      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
    • Duke Energy Corp 0.05%
    • Iberdrola SA 0.05% 1.5°C
      This company is on a 1.5°C pathway
    • Southern Co/The 0.05%
    • Canadian Natural Resources 0.04% !!
      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
    • Enel Spa 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Energy Transfer Lp 0.04% !!
      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
    • Eog Resources Inc 0.04% !!
      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
    • Glencore PLC 0.04%
    • Marathon Petroleum Corp 0.04%
    • Valero Energy Corp 0.04%
    • American Electric Power 0.03%
    • Dominion Energy Inc 0.03%
    • Itochu Corp 0.03% !!
      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
    • Mitsubishi Corp 0.03% !!
      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
    • Mitsui & Co Ltd 0.03% !!
      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
    • National Grid PLC 0.03% !!
      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
    • Occidental Petroleum Corp 0.03% !!
      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
    • Phillips 66 0.03%
    • Pioneer Natural Resources Co 0.03% !!
      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
    • Sempra Energy 0.03% !!
      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
    • Suncor Energy Inc 0.03% !!
      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
    • Tc Energy Corp 0.03% !!
      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
    • Woodside Energy Group Ltd 0.03% !!
      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
    • Ameren Corporation 0.02%
    • Cenovus Energy Inc 0.02% !!
      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
    • Cheniere Energy Inc 0.02% !!
      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
    • Consolidated Edison Inc 0.02%
    • Constellation Energy 0.02%
    • Devon Energy Corp 0.02% !!
      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
    • Diamondback Energy Inc 0.02% !!
      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
    • Dte Energy Company 0.02%
    • E.On Se 0.02%
    • Engie 0.02% !!
      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
    • Eni Spa 0.02% !!
      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
    • Entergy Corp 0.02%
    • Equinor Asa 0.02% !!
      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
    • Fairfax Finl Hldgs Ltd 0.02%
    • Fortis Inc 0.02% !!
      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
    • Franco-Nevada Corp 0.02%
    • Halliburton Co 0.02%
    • Hess Corp 0.02% !!
      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
    • Jindal Steel & Power Ltd 0.02%
    • Kinder Morgan Inc 0.02% !!
      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
    • Marubeni Corp 0.02% !!
      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
    • Neste Oyj 0.02%
    • Oneok Inc 0.02%
    • P G & E Corp 0.02%
    • Public Service Enterprise Gp 0.02%
    • Rwe AG 0.02%
    • Wec Energy Group Inc 0.02%
    • Williams Cos Inc 0.02% !!
      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
    • Xcel Energy Inc 0.02%
    • Aes Corp 0.01% !!
      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
    • Atmos Energy Corp 0.01%
    • Ck Hutchison Holdings Ltd 0.01%
    • Cms Energy Corp 0.01%
    • Edp-Energias De Portugal SA 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Evergy Inc 0.01%
    • Fairfax Financial Hldgs Ltd 0.01%
    • Marathon Oil Corp 0.01% !!
      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
    • Nippon Steel Corp 0.01%
    • Orsted A/S 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Pembina Pipeline Corp 0.01% !!
      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
    • Ppl Corp 0.01%
    • Repsol SA 0.01% !!
      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
    • Sumitomo Corp 0.01% !!
      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
    • Targa Resources Corp 0.01%
    • Teck Resources Ltd-Cls B 0.01%

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

Aims for mid-range long-run returns by investing in a diversified portfolio with a balance of income and growth assets.

Value $15M NZD
Period of data report 30th June 2023
Fund started 2nd Sept. 2020
Total annual fund fees 0.37%
Total performance based fees 0.0%
Manager's basic fee 0.11%
Other management and administration charges 0.26%
Total other charges 0.0
Total other charges currency NZD

Mike Heath

Currently: Investment Committee Member (3 years, 3 months)
Previously: General Manager, InvestNow (5 years, 3 months)

Anthony Edmonds

Currently: Investment Committee Member (3 years, 3 months)
Previously: Director, FundRock NZ and InvestNow (12 years, 7 months)

Anthony Sowerby

Currently: Investment Committee Member (3 years, 3 months)
Previously: Head of Investment Management Oversight, FundRock NZ (1 years, 9 months)

Jason Choy

Currently: Investment Committee Member (0 years, 11 months)
Previously: Senior Portfolio Manager, FundRock NZ and InvestNow (1 years, 1 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 -2.59% -2.87%
2022 1.06% 2.56%

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

  • Mercer Msci Global Index Shares Fund
    New Zealand International Equities
    26.17%
  • Hunter Global Fixed Interest Fund
    New Zealand Int Fixed Interest
    25.73%
  • Mercer NZ Shares Passive Fund
    New Zealand Australasian Equities
    19.96%
  • Mercer Msci Hedged Global Index Shares
    New Zealand International Equities
    14.33%
  • Mercer Macquarie NZ Fixed Interest Fund
    New Zealand NZ Fixed Interest
    11.2%
  • Cash At Bank (BNZ)
    New Zealand Cash and Equivalents AA-
    1.35%
  • Mercer Macquarie NZ Cash Fund
    New Zealand Cash and Equivalents
    1.25%
Type Target Actual
Cash and Cash Equivalents 2.9274% 9.13%
New Zealand Fixed Interest 0.175644% 10.88%
International Fixed Interest 38.05621% 20.39%
Australasian Equities 0.29274% 20.54%
International Equities 58.54801% 39.06%
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.