Funds
Salt Sustainable Global Shares Fund
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
Human Rights Violations
-
Thermo Fisher Scientific Inc 4.95%
Human Rights Abuses
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
THERMO FISHER SCIENTIFIC INC Human Rights Abuses
Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. Thermo Fisher DNA testing kits have been linked to surveillance and discriminatory purposes by the legal authorities in Xinjiang (a region of China) for monitoring and tracking the Muslim Uyghur ethnic group and other minorities. Evidence shows Thermo Fisher Scientific continues to supply DNA sequencing products to the Xinjiang region, despite the company announcing it would halt sales to the region in 2019.
-
Thermo Fisher Scientific Inc 4.95%
Animal Cruelty
-
Procter & Gamble Co/The 1.95%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
-
L'Oreal 1.43%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
L'OREAL Animal Testing
L'Oréal is a personal care company and cosmetics company concentrating on hair colour, skin care, sun protection, make-up, perfume, and hair care. The company states that its products are sold in countries where animal testing of cosmetic products is required by law.
-
Procter & Gamble Co/The 1.95%
Weapons
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. 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
In their own words
The Fund targets a portfolio of global companies with high total return potential and high ESG factor scores.
The Fund’s investment objective is to outperform the MSCI World (Net) Index in New Zealand dollars on a rolling three-year basis.
| Value | $60.6M NZD |
| Period of data report | 31st Dec. 2023 |
| Fund started | 9th July 2021 |
| Total annual fund fees | 1.15% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.02% |
| Other management and administration charges | 0.13% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Matthew Goodson |
Currently: Managing Director (10 years, 7 months) |
|
Paul Harrison |
Currently: Managing Director (10 years, 7 months) |
|
Paul Turnbull |
Currently: Chief Investment Officer (4 years, 7 months) |
|
Greg Fleming |
Currently: Head of Global Diversified Funds (2 years, 9 months) |
|
Bevan Graham |
Currently: Economist (2 years, 10 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 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 | -5.17% | 2.37% |
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. 2023.
Top 10 Investments
-
Microsoft Corporation
United States International Equities6.3% -
Sap Se
Germany International Equities5.31% -
Visa Inc-Class A Shares
United States International Equities5.15% -
Accenture PLC
United States International Equities5.0% -
Thermo Fisher Scientific Inc
United States International Equities4.73% -
Intercontinental Exchange Inc
United States International Equities3.71% -
Constellation Software Inc
Canada International Equities3.33% -
Iqvia Holdings Inc
United States International Equities3.32% -
Becton Dickinson and Co
United States International Equities3.3% -
Danaher Corp
United States International Equities3.26%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 1.73% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 100.0% | 98.27% |
| 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.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2023.