Not Mindful
Fund type: Defensive fund
Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
Annual fees, including management and administration fees, but not membership fee.
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.
Fossil Fuel
Shell International Finance Bv 0.20%
Exxon Mobil Corp. 0.19%
Total Capital International SA 0.19%
Enel Finance International Nv 0.13%
Saudi Arabian Oil Co 0.13%
BP Capital Markets PLC 0.11%
BP Capital Markets America Inc. 0.09%
Engie SA 0.09%
Berkshire Hathaway Energy Co 0.08%
Enel Spa 0.08%
Energy Transfer Operating Lp 0.08%
Eni Spa 0.08%
National Grid PLC 0.07%
Abu Dhabi National Energy Co 0.06%
Anglo American Capital PLC 0.06%
Cnooc Finance 2015 Usa Llc 0.06%
Equinor Asa 0.06%
Iberdrola SA 0.06%
Indonesia Asahan Aluminium Persero 0.06%
Korea Gas Corp. 0.06%
Nederlandse Gasunie Nv 0.06%
Nextera Energy Capital Holdings In 0.06%
Pertamina Persero Pt 0.06%
Phillips 66 0.06%
Reliance Industries Ltd. 0.06%
Sinochem Offshore Capital Co Ltd. 0.06%
Aker BP Asa 0.05%
Chevron Corp. 0.05%
Ck Hutchison International 17 Ii L 0.05%
Galaxy Pipeline Assets Bidco Ltd. 0.05%
Minejesa Capital Bv 0.05%
OMV AG 0.05%
Pacificorp 0.05%
Perusahaan Listrik Negara Pt 0.05%
Rwe AG 0.05%
SA Global Sukuk Ltd. 0.05%
Saudi Electricity Global Sukuk Co 0.05%
Snam Spa 0.05%
Sunoco Logistics Partners Operatio 0.05%
Thaioil Treasury Center Co Ltd. 0.05%
Vattenfall Ab 0.05%
Vier Gas Transport Gmbh 0.05%
Eqt Corp. 0.04%
Kazmunaygas National Co Jsc 0.04%
Mplx Lp 0.04%
Oneok Inc. 0.04%
Skymiles Ip Ltd. 0.04%
Southern Company (The) 0.04%
Southern Power Co. 0.04%
A2A Spa 0.03%
American Electric Power Company In 0.03%
Arcelormittal SA 0.03%
BHP Billiton Finance Ltd. 0.03%
Cassa Depositi E Prestiti Spa 0.03%
Centrica PLC 0.03%
Cez As 0.03%
Ck Hutchison Europe Finance (18) L 0.03%
Ck Hutchison Group Telecom Finance 0.03%
Edp - Energias De Portugal SA 0.03%
Enbridge Inc. 0.03%
Enbw Energie Baden Wuerttemberg AG 0.03%
Enbw International Finance Bv 0.03%
Eqt Ab 0.03%
Glencore Finance Europe SA 0.03%
Iberdrola International Bv 0.03%
National Grid North America Inc. 0.03%
Nrg Energy Inc. 0.03%
Repsol International Finance Bv 0.03%
Sinopec Capital (2013) Ltd. 0.03%
Total SA 0.03%
Vale SA 0.03%
Wintershall Dea Finance Bv 0.03%
Aes Corporation (The) 0.02%
Ameren Corp. 0.02%
Canadian Natural Resources Ltd. 0.02%
Ccep Finance Ireland Designated Ac 0.02%
Colbun SA 0.02%
Conocophillips 0.02%
Conocophillips Holding Co 0.02%
Continental Resources Inc. 0.02%
Devon Energy Corp. 0.02%
Diamondback Energy Inc. 0.02%
Dominion Energy Inc. 0.02%
Duke Energy Corp. 0.02%
Empresa Nacional Del Petroleo Enap 0.02%
Enel Finance International SA 0.02%
Enterprise Products Operating Llc 0.02%
Esb Finance Dac 0.02%
Evergy Inc. 0.02%
Iberdrola Finanzas Sau 0.02%
Kinder Morgan Inc. 0.02%
Lyb International Finance Iii Llc 0.02%
Lyondellbasell Industries Nv 0.02%
Midamerican Energy Co. 0.02%
National Grid Gas PLC 0.02%
Nisource Inc. 0.02%
Southern Company Gas Capital Corp. 0.02%
Suncor Energy Inc. 0.02%
Vale Overseas Ltd. 0.02%
Xcel Energy Inc. 0.02%
Weapons
Boeing Co 0.19%
Raytheon Technologies Corp. 0.09%
United Technologies Corp. 0.07%
Airbus Se 0.06%
Walmart Inc. 0.06%
Corporacion Financiera De Desarrol 0.05%
Honeywell International Inc. 0.05%
Wal-Mart Stores Inc. 0.04%
Safran SA 0.03%
Bae Systems PLC 0.02%
Lockheed Martin Corp. 0.02%
Northrop Grumman Corp. 0.02%
Teledyne Technologies Inc. 0.02%
Tobacco
Bat International Finance PLC 0.08%
Bat Capital Corp. 0.07%
Philip Morris International Inc. 0.07%
Reynolds American Inc. 0.07%
Altria Group Inc. 0.04%
Imperial Brands Finance PLC 0.03%
Imperial Brands Finance Netherland 0.02%
Gambling
Vici Properties Lp 0.04%
Alcohol
Anheuser-Busch Inbev Worldwide Inc. 0.11%
Constellation Brands Inc. 0.10%
Anheuser Busch Inbev SA 0.09%
Anheuser-Busch Inbev SA/Nv 0.09%
Diageo Capital Bv 0.06%
Bacardi Ltd. 0.03%
Diageo Capital PLC 0.03%
Heineken Nv 0.02%
Human Rights & Environmental Violations
Wells Fargo & Co. 0.66%
Shell International Finance Bv 0.20%
Credit Suisse Group AG 0.18%
Bayer US Finance Ii Llc 0.12%
Johnson & Johnson 0.11%
Nestle Holdings Inc. 0.11%
Nestle Finance International Ltd. 0.10%
Raytheon Technologies Corp. 0.09%
Credit Suisse AG (London Branch) 0.08%
Energy Transfer Operating Lp 0.08%
Thermo Fisher Scientific Inc. 0.07%
Indonesia Asahan Aluminium Persero 0.06%
Bayer AG 0.05%
Chevron Corp. 0.05%
Sinopec Group Overseas Development 0.05%
Archer Daniels Midland Co 0.04%
Caterpillar Financial Services Cor 0.04%
Caterpillar Inc. 0.04%
Credit Suisse Group Funding Guerns 0.04%
BHP Billiton Finance Ltd. 0.03%
Basf Se 0.03%
Glencore Finance Europe SA 0.03%
Sinopec Capital (2013) Ltd. 0.03%
Southern Copper Corp. 0.03%
Thermo Fisher Scientific (Finance 0.03%
Vale SA 0.03%
Cargill Inc. 0.02%
Duke Energy Corp. 0.02%
Freeport-Mcmoran Copper & Gold Inc. 0.02%
Jbs Usa Lux SA 0.02%
Lockheed Martin Corp. 0.02%
Meta Platforms Inc. 0.02%
Vale Overseas Ltd. 0.02%
Animal Testing
Shell International Finance Bv 0.20%
Exxon Mobil Corp. 0.19%
Coca-Cola Co 0.19%
Pepsico Inc. 0.13%
Bayer US Finance Ii Llc 0.12%
Nestle Holdings Inc. 0.11%
Constellation Brands Inc. 0.10%
Nestle Finance International Ltd. 0.10%
Bat International Finance PLC 0.08%
Eni Spa 0.08%
Procter & Gamble Co. 0.08%
Bat Capital Corp. 0.07%
Philip Morris International Inc. 0.07%
Jab Holdings Bv 0.06%
LVMH Moet Hennessy Louis Vuitton S 0.06%
Mondelez International Inc. 0.06%
Procter & Gamble Co 0.06%
Reliance Industries Ltd. 0.06%
Sinochem Offshore Capital Co Ltd. 0.06%
Unilever Capital Corp. 0.06%
Vigorous Champion International Lt 0.06%
Aker BP Asa 0.05%
Bayer AG 0.05%
Braskem Netherlands Bv 0.05%
Chevron Corp. 0.05%
Dow Chemical Company (The) 0.05%
Honeywell International Inc. 0.05%
PPG Industries Inc. 0.05%
Sherwin-Williams Company (The) 0.05%
Altria Group Inc. 0.04%
Archer Daniels Midland Co 0.04%
Air Liquide Finance SA 0.03%
Akzo Nobel Nv 0.03%
Argentum Givaudan 0.03%
Arkema SA 0.03%
Basf Se 0.03%
Celanese US Holdings Llc 0.03%
Essity Capital Bv 0.03%
Imperial Brands Finance PLC 0.03%
Kering SA 0.03%
Koninklijke Dsm Nv 0.03%
Mondelez International Holdings Ne 0.03%
Richemont International Holding SA 0.03%
Sinopec Capital (2013) Ltd. 0.03%
Tesco Corporate Treasury Services 0.03%
Tyson Foods Inc. 0.03%
3M Co 0.02%
Campbell Soup Co. 0.02%
Celanese Corp. 0.02%
Church & Dwight Co Inc. 0.02%
Colgate-Palmolive Co 0.02%
Danone SA 0.02%
Ecolab Inc. 0.02%
Estee Lauder Cos. Inc. (The) 0.02%
Hormel Foods Corp. 0.02%
Imperial Brands Finance Netherland 0.02%
Ingredion Inc. 0.02%
Jbs Usa Lux SA 0.02%
Kimberly-Clark Corp. 0.02%
Kraft Heinz Foods Co 0.02%
Lyb International Finance Iii Llc 0.02%
Lyondellbasell Industries Nv 0.02%
Orbia Advance Corp. Sab De Cv 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 Fri Sept. 30th 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.
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 |
---|---|---|
2022 | -2.19% | -3.44% |
2021 | 1.34% | 4.97% |
2020 | 1.00% | 0.79% |
2019 | 2.36% | 3.15% |
2018 | 1.94% | 1.54% |
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 Fri Sept. 30th 2022.
Showing the top 10 investments for this fund:
-
Vanguard International Credit Securities Index Fund Hedged
Australia Int Fixed Interest99.0% -
ANZ NZD Current Account
New Zealand Cash and Equivalents AA-0.12%
This information has been sourced from the quarterly data that each fund has filed with Disclose register Fri Sept. 30th 2022.
How the money in this fund is invested against the fund's targets.
Target
Actual
Type | Target | Actual |
---|---|---|
Cash and Cash Equivalents | 0.0% | 1.2041% |
New Zealand Fixed Interest | 0.0% | 0.0% |
International Fixed Interest | 100.0% | 98.7959% |
Australasian Equities | 0.0% | 0.0% |
International Equities | 0.0% | 0.0% |
Listed Properties | 0.0% | 0.0% |
Unlisted Properties | 0.0% | 0.0% |
Other | 0.0% | 0.0% |
Commodities | 0.0% | 0.0% |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 2022.
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.
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Issue of concernDoes this fund say it excludes this?Actual holdings
-
Adult Entertainment/Pornography:0.00%
-
Alcohol:0.54%
-
Animal Testing:3.66%
-
Fossil Fuels:5.26%
-
Gambling:0.05%
-
GMOs:0.00%
-
Human Rights & Environmental Violations:2.84%
-
Palm Oil:0.00%
-
Tobacco:0.48%
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Weapons:0.84%
This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Fri Sept. 30th 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.
In their own words
"Invests in international bonds and is designed to reflect the return (before tax, fees and other expenses) on international non-government bond markets of developed economies."
Value | $42M NZD |
Period of data report | Fri Sept. 30th 2022 |
Fund started | Fri Oct. 28th 2016 |
Total annual fund fees | 0.44% |
Total performance based fees | 0.0% |
Manager's basic fee | 0.42% |
Other management and administration charges | 0.02% |
Total other charges | 12.0 |
Total other charges currency | NZD |
Key Personnel
Guy Roulston Elliffe |
Currently: Director (6 years, 10 months) |
Stuart Kenneth Reginald Millar |
Currently: Chief Investment Officer - Smartshares (3 years, 4 months) |
Hugh Duncan Stevens |
Currently: Chief Executive Officer - Smartshares (4 years, 7 months) |
Alister John Williams |
Currently: Director (6 years, 10 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 2022.
Downloads
Download the fund's disclosure statement and portfolio holdings.