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 0.37%
    • Honeywell International Inc 0.10%
    • American Electric Power 0.03%
    • Constellation Energy 0.03%
    • 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
    • Xcel Energy Inc 0.02%

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

The fund invests in very large capitalisation stocks and Exchange Traded Funds listed on the NYSE and Nasdaq stock markets. It may use leverage of up to 30% of NAV. The fund's foreign currency exposures are not hedged back to New Zealand dollars.

Value $6.47M NZD
Period of data report 30th Sept. 2023
Fund started 17th March 2021
Total annual fund fees 1.02%
Total performance based fees 0.0%
Manager's basic fee 1.02%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Mark Donnell

Currently: Investment Manager, Lighthouse Funds LP (10 years, 6 months)
Previously: Investment banker, Woodward Partners (6 years, 0 months)

Andrew Ormsby

Currently: Investment Manager, Lighthouse Funds LP (10 years, 6 months)
Previously: Wholesale Manager, OMFinancial (6 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 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% -4.91%
2022 3.53% -2.4%

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 Sept. 2023.

Top 10 Investments

  • Cash At Bank (BNZ)
    New Zealand Cash and Equivalents AA-
    47.36%
  • Invesco Powershares Qqq
    United States International Equities
    9.45%
  • Copart Inc
    United States International Equities
    8.54%
  • Builders Firstsource Inc
    United States International Equities
    8.26%
  • Chipotle Mexican Grill Inc.
    United States International Equities
    7.78%
  • Netflix Inc
    United States International Equities
    7.67%
  • Kla Ord
    United States International Equities
    6.77%
  • Enphase Energy Inc
    United States International Equities
    4.18%
Type Target Actual
Cash and Cash Equivalents 2.0% 47.36%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 98.0% 52.64%
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 Sept. 2023.