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

    • Rio Tinto Ltd 0.37%
    • Nestle SA-Reg 0.30%
    • Uber Technologies Inc 0.13%
    • Johnson & Johnson 0.05%
    • Meta Platforms Inc-Class A 0.05%
    • Motorola Solutions Inc 0.05%
    • Rio Tinto PLC 0.05%
    • Activision Blizzard Inc 0.04%
    • Wells Fargo & Co 0.02%
    • BHP Group Ltd 1.23% !!
      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 0.06% !!
      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
    • Newcrest Mining Ltd 0.05%
    • Duke Energy Corp 0.02%
    • Shin-Etsu Chemical Co Ltd 0.26%
    • LVMH Moet Hennessy Louis Vui 0.19%
    • Shiseido Co Ltd 0.09%
    • Unilever PLC 0.08%
    • Procter & Gamble Co/The 0.07%
    • Koninklijke Ahold Delhaize N 0.06%
    • Shell PLC 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
    • Exxon Mobil Corp 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
    • Henkel AG & Co Kgaa Vor-Pref 0.04%
    • Colgate-Palmolive Co 0.03%
    • Henkel AG & Co Kgaa 0.03%
    • Tosoh Corp 0.03%
    • Kering 0.02%
    • Walmart Inc 0.07%
    • BHP Group Ltd 1.23% !!
      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
    • Contact Energy Ltd 0.73% 1.5°C
      This company is on a 1.5°C pathway
    • Genesis Energy Ltd 0.49%
    • Santos Ltd 0.37% !!
      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 0.27% !!
      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
    • Viva Energy Group Ltd 0.19% !!
      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
    • Z Energy Ltd 0.18%
    • South32 Ltd 0.14%
    • Weir Group PLC/The 0.13%
    • Ampol Ltd 0.10%
    • National Grid PLC 0.10% !!
      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
    • Origin Energy Ltd 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
    • Apa Group 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
    • Endesa SA 0.07% 1.5°C
      This company is on a 1.5°C pathway
    • Total SA 0.07%
    • Ck Hutchison Holdings Ltd 0.06%
    • Karoon Energy Ltd 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
    • Samsung C&T Corp 0.06%
    • Shell PLC 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
    • Centrica PLC 0.04%
    • Consolidated Edison Inc 0.04%
    • Exxon Mobil Corp 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
    • Lg Corp 0.03%
    • Duke Energy Corp 0.02%
    • Enel Spa 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Lg Corp-Pref 0.02%
    • Osaka Gas Co Ltd 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
    • Southern Co/The 0.02%
    • Kansai Electric Power Co Inc 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

The fund aims to achieve positive long-term returns by selecting a mix of cash, fixed interest, equity and property investments. Investors can expect moderate to high levels of movement up and down in value and to receive longer term returns that are lower than those of the Growth Fund (but with less risk).

Value $36M NZD
Period of data report 30th June 2023
Fund started 11th Dec. 2020
Total annual fund fees 1.17%
Total performance based fees 0.0%
Manager's basic fee 1.11%
Other management and administration charges 0.06%
Total other charges 0.0
Total other charges currency NZD

Paul Robertshawe

Currently: Chief Investment Officer, Octagon Asset Management Limited (1 years, 7 months)
Previously: Portfolio Manager, Forsyth Barr Limited (0 years, 8 months)

Craig Alexander

Currently: Head of Fixed Interest and ESG, Octagon Asset Management Limited (1 years, 7 months)
Previously: Co-Head of Funds Management, Forsyth Barr Limited (8 years, 5 months)

Jason Lindsay

Currently: Head of Equities, Octagon Asset Management Limited (1 years, 7 months)
Previously: Co-Head of Funds Management, Forsyth Barr Limited (2 years, 2 months)

Neil Paviour-Smith

Currently: Director, Forsyth Barr Investment Management Limited (15 years, 4 months)
Previously: Managing Director at Forsyth Barr Investment Management Limited (current) (22 years, 6 months)

Christine Smith-Han

Currently: Equity and Strategy Analyst, Octagon Asset Management Limited (1 years, 7 months)
Previously: Portfolio Analyst, Forsyth Barr Limited (4 years, 10 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% -2.3%
2022 1.06% -0.08%

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

  • Smartshares Global Bond ETF
    New Zealand Int Fixed Interest
    14.44%
  • Intermede Global Equity Fund
    Ireland International Equities
    7.68%
  • New Zealand Local Government Funding Agency Ltd 14/04/2033 3.50%
    New Zealand NZ Fixed Interest AA+
    1.56%
  • Vector Ltd 14/03/2024 4.996%
    New Zealand NZ Fixed Interest BBB+
    1.46%
  • ANZ Transactional Bank Account
    New Zealand Cash and Equivalents AA-
    1.46%
  • New Zealand Local Government Funding Agency Ltd 15/04/2027 4.50%
    New Zealand NZ Fixed Interest AA+
    1.36%
  • NZ Govt Inflation Ind Bond 20/09/25
    New Zealand NZ Fixed Interest AA+
    1.28%
  • BHP Group Limited
    Australia Australasian Equities
    1.26%
  • Westpac New Zealand 1.439% 24/02/2026
    New Zealand NZ Fixed Interest AA-
    1.25%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    1.13%
Type Target Actual
Cash and Cash Equivalents 10.0% 8.48%
New Zealand Fixed Interest 22.0% 26.07%
International Fixed Interest 11.0% 14.44%
Australasian Equities 30.0% 23.87%
International Equities 20.0% 22.1%
Listed Properties 7.0% 5.04%
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.