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 1.12%
    • Nextera Energy Inc 0.94%
    • Sempra Energy 0.54%
    • American Electric Power Co Inc 0.36%
    • Ppl Corp 0.36%
    • Cheniere Energy Inc 0.35%
    • Tc Energy Corp 0.32%
    • Evergy Inc 0.31%
    • Alliant Energy Corp 0.29%
    • Enbridge Inc 0.26%
    • Entergy Corp 0.24%
    • Nisource Inc 0.24%
    • Pembina Pipeline Corp 0.24%
    • Targa Resources Corp 0.22%
    • Duke Energy Corp 0.20%
    • Kansai Electric Power Co Inc 0.20%
    • Pnm Resources Inc 0.18%
    • Dt Midstream Inc 0.17%
    • Altagas Ltd 0.16%
    • National Grid PLC 0.16%
    • Santos Brasil Participacoes SA 0.15%
    • Emera Inc 0.13%
    • Ck Asset Holdings Ltd 0.12%
    • Spire Inc 0.12%
    • Hong Kong & China Gas Co Ltd 0.11%
    • Clp Holdings Ltd 0.10%
    • Osaka Gas Co Ltd 0.09%
    • Energy Transfer Partners Lp 150325 4.05 Cb 0.02%
    • Amphenol Corp-Cl A 0.72%
    • Sky City Entertainment Group 0.35%
    • Sands China Ltd 0.10%
    • Boyd Gaming Corp 0.08%
    • Thermo Fisher Scientific Inc 1.65%
    • Duke Energy Corp 0.20%
    • Credit Suisse Group AG 120833 6.537 Cb 0.03%
    • Credit Suisse AG 080823 6.50 Cb 0.02%
    • Credit Suisse Group AG 020432 2.875 Cb 0.02%
    • Credit Suisse Mortgage Tr Series 20 Fact Cls A 151037 Abs 0.02%
    • Energy Transfer Partners Lp 150325 4.05 Cb 0.02%
    • Wells Fargo and Co 240328 3.526 Cb 0.02%
    • Credit Suisse AG 070933 7.375 Cb 0.01%
    • Procter and Gamble Co/The 0.75%
    • L'Oreal SA 0.56%
    • Estee Lauder Cos Inc/The 0.41%
    • Coca-Cola Co/The 0.36%
    • Swpc0Gvu2 Ccp Sell Cds EUR 200625 Tesco PLC 1% Ms 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 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’s investment objective is to outperform the Reserve Bank of New Zealand’s Consumer Price Index +5% p.A. Benchmark on a rolling five year basis. The Fund targets a diversified mix of growth and defensive assets, with a focus on securities with strong
ESG credentials.

Value $51M NZD
Period of data report 31st Dec. 2022
Fund started 15th Sept. 2021
Total annual fund fees 1.03%
Total performance based fees 0.0%
Manager's basic fee 0.85%
Other management and administration charges 0.18%
Total other charges 0.0
Total other charges currency NZD

Matthew Goodson

Currently: Managing Director (9 years, 7 months)
Previously: Portfolio Manager, BT Funds Management (NZ) Ltd (4 years, 5 months)

Paul Harrison

Currently: Managing Director (9 years, 7 months)
Previously: Portfolio Manager, BT Funds Management (NZ) Ltd (5 years, 0 months)

Paul Turnbull

Currently: Chief Investment Officer (3 years, 7 months)
Previously: Research Analyst at Jarden (6 years, 0 months)

Greg Fleming

Currently: Head of Global Diversified Funds (1 years, 9 months)
Previously: Head of Investment Strategy, AMP Capital NZ (4 years, 8 months)

Bevan Graham

Currently: Economist (1 years, 10 months)
Previously: Managing Director NZ, AMP Capital NZ (2 years, 2 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 2.11%
Fossil Fuels 7.69%
Gambling 0.52%
GMOs 0.00%
Human Rights & Environmental Violations 2.03%
Palm Oil 0.00%
Tobacco 0.00%
Weapons 0.72%

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

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

  • Hunter Global Fixed Interest Fund
    New Zealand Int Fixed Interest
    8.44%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    3.01%
  • Cash At Bank
    New Zealand Cash and Equivalents
    2.53%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    2.48%
  • Microsoft Corporation
    United States International Equities
    2.45%
  • Visa Inc-Class A Shares
    United States International Equities
    2.16%
  • Sap Se
    Greece International Equities
    1.8%
  • Accenture PLC
    United States International Equities
    1.71%
  • Infratil Ltd
    New Zealand Australasian Equities
    1.7%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.68%
Type Target Actual
Cash and Cash Equivalents 5.0% 2.53%
New Zealand Fixed Interest 10.0% 0.0%
International Fixed Interest 5.0% 8.44%
Australasian Equities 25.0% 24.26%
International Equities 45.0% 48.12%
Listed Properties 10.0% 15.6%
Unlisted Properties 0.0% 0.0%
Other 0.0% 1.05%
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.