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 1.59%
    • Johnson & Johnson 0.58%
    • Thermo Fisher Scientific Inc 0.32%
    • Caterpillar Inc 0.29%
    • Nestle SA-Reg 0.26%
    • Uber Technologies Inc 0.20%
    • Ubs Group AG-Reg 0.16%
    • Wells Fargo & Co 0.14%
    • Glencore PLC 0.13%
    • Motorola Solutions Inc 0.09%
    • Raytheon Technologies Corp 0.09%
    • Lockheed Martin Corp 0.07%
    • Rio Tinto PLC 0.07%
    • Rio Tinto PLC-Spon Adr 0.06%
    • Palantir Technologies Inc-A 0.05%
    • Rio Tinto Ltd 0.03%
    • Arcelormittal 0.02%
    • Bank Hapoalim Bm 0.01%
    • Bank Leumi Le-Israel 0.01%
    • Israel Discount Bank-A 0.01%
    • Mizrahi Tefahot Bank Ltd 0.01%
    • Wilmar International Ltd 0.01%
    • Shell PLC 0.20% !!
      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
    • Chevron Corp 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
    • BHP Group Ltd 0.13% !!
      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
    • Glencore PLC 0.13%
    • Freeport-Mcmoran Inc 0.11%
    • 3M Co 0.09%
    • Basf Se 0.09%
    • Corteva Inc 0.07%
    • Archer-Daniels-Midland Co 0.06%
    • Bayer AG-Reg 0.05%
    • Duke Energy Corp 0.05%
    • Nutrien Ltd 0.03%
    • Pg&E Corp 0.03%
    • Barrick Gold Corp 0.02%
    • Fmc Corp 0.01%
    • Wh Group Ltd 0.01%
    • Wilmar International Ltd 0.01%
    • Exxon Mobil Corporation 0.31% !!
      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
    • Procter & Gamble Co/The 0.26%
    • Unilever PLC 0.21%
    • LVMH Moet Hennessy Vuitt 0.20%
    • Shell PLC 0.20% !!
      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
    • Air Liquide SA 0.19%
    • Chevron Corp 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
    • L'Oreal 0.19%
    • Hermes International 0.14%
    • Shin-Etsu Chemical Co Ltd 0.14%
    • Sherwin-Williams Co/The 0.13%
    • Philip Morris International 0.10%
    • 3M Co 0.09%
    • Basf Se 0.09%
    • Colgate-Palmolive Co 0.09%
    • Ecolab Inc 0.09%
    • Corteva Inc 0.07%
    • Dupont De Nemours Inc 0.07%
    • British American Tobacco Holdings (The Netherlands) Bv 0.06%
    • Dow Inc 0.06%
    • Givaudan-Reg 0.06%
    • PPG Industries Inc 0.06%
    • Altria Group Inc 0.05%
    • Bayer AG-Reg 0.05%
    • Estee Lauder Companies-Cl A 0.05%
    • Kering 0.05%
    • Kimberly-Clark Corp 0.05%
    • Koninklijke Ahold Delhaize N 0.05%
    • Entegris Inc 0.04%
    • Novozymes A/S-B Shares 0.04%
    • Celanese Corp 0.03%
    • Church & Dwight Co Inc 0.03%
    • Clorox Company 0.03%
    • Eni Spa 0.03% !!
      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
    • Intl Flavors & Fragrances 0.03%
    • Kao Corp 0.03%
    • Nutrien Ltd 0.03%
    • Akzo Nobel N.V. 0.02%
    • Beiersdorf AG 0.02%
    • Covestro AG 0.02%
    • Eastman Chemical Co 0.02%
    • Henkel AG & Co Kgaa Vor-Pref 0.02%
    • Kikkoman Corp 0.02%
    • Moncler Spa 0.02%
    • Otsuka Holdings Co Ltd- Unsp 0.02%
    • Rentokil Initial PLC 0.02%
    • Rpm International Inc 0.02%
    • Shiseido Co Ltd 0.02%
    • Symrise AG 0.02%
    • Tyson Foods Inc-Cl A 0.02%
    • Unicharm Corp 0.02%
    • Yara International Asa 0.02%
    • Albemarle Corp 0.01%
    • Arkema 0.01%
    • Burberry Group PLC 0.01%
    • Croda International PLC 0.01%
    • Dcc PLC 0.01%
    • Fmc Corp 0.01%
    • Groupe Bruxelles Lambert Nv 0.01%
    • Hormel Foods Corp 0.01%
    • Icl Group Ltd 0.01%
    • Koninklijke Dsm Nv 0.01%
    • Mitsubishi Chemical Group Co 0.01%
    • Mosaic Co/The 0.01%
    • Otsuka Holdings Co Ltd 0.01%
    • Syensqo SA 0.01%
    • Tapestry Inc 0.01%
    • Westlake Chemical Corp 0.01%
    • Walmart Inc 0.18%
    • Rolls-Royce Holdings PLC 0.12%
    • Airbus Se 0.10%
    • Honeywell International Inc 0.09%
    • Raytheon Technologies Corp 0.09%
    • Boeing Co/The 0.08%
    • Amphenol Corp 0.07%
    • Lockheed Martin Corp 0.07%
    • Safran SA 0.07%
    • Transdigm Group Inc 0.07%
    • Bae Systems PLC 0.05%
    • Daikin Industries Ltd 0.05%
    • General Dynamics Corp. 0.05%
    • Mtu Aero Engines AG 0.05%
    • Rheinmetall AG 0.05%
    • Singapore Tech Engineering 0.05%
    • Booz Allen Hamilton Holdings 0.04%
    • Northrop Grumman Corp 0.04%
    • L3Harris Technologies Inc 0.03%
    • Melrose Industries PLC 0.03%
    • Howmet Aerospace Inc 0.02%
    • Dick'S Sporting Goods Inc 0.01%
    • Heico Corp-Class A 0.01%
    • Huntington Ingalls Industrie 0.01%
    • Icl Group Ltd 0.01%
    • Itt Inc 0.01%
    • Teledyne Technologies Inc 0.01%
    • Thales SA 0.01%
    • Enbridge Inc 0.32% !!
      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
    • Marathon Petroleum Corp 0.32%
    • Exxon Mobil Corporation 0.31% !!
      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
    • Pembina Pipeline Corp 0.28% !!
      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
    • Phillips 66 0.25%
    • Tc Energy Corp 0.24% !!
      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 0.20% !!
      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
    • Chevron Corp 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
    • Nextera Energy Inc 0.19%
    • Williams Cos Inc 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
    • Targa Resources Corp 0.18%
    • Valero Energy Corp 0.18%
    • Mitsubishi Corp 0.17% !!
      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
    • Kinder Morgan Inc 0.16% !!
      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
    • Cheniere Energy Inc 0.14% !!
      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
    • BHP Group Ltd 0.13% !!
      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
    • Glencore PLC 0.13%
    • Oneok Inc 0.13%
    • Totalenergies Se 0.13% !!
      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
    • Mitsui & Co Ltd 0.12% !!
      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 0.12%
    • Constellation Energy 0.11%
    • BP 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
    • Conocophillips 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
    • Parkland Corp 0.10%
    • Enel Spa 0.09% 1.5°C
      This company is on a 1.5°C pathway
    • Itochu Corp 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
    • Keyera Corp 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
    • National Grid PLC 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
    • Marubeni Corp 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
    • Hf Sinclair Corp 0.07%
    • Iberdrola SA 0.07% 1.5°C
      This company is on a 1.5°C pathway
    • Neste Oyj 0.07%
    • Rio Tinto PLC 0.07%
    • Altagas Ltd 0.06%
    • American Electric Power 0.06%
    • Consolidated Edison Inc 0.06%
    • Rio Tinto PLC-Spon Adr 0.06%
    • Sempra Energy 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
    • Dassault Systemes Se 0.05%
    • Duke Energy Corp 0.05%
    • E.On Se 0.05%
    • Eog Resources Inc 0.05% !!
      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
    • Sumitomo Corp 0.05% !!
      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 0.05%
    • Atmos Energy Corp 0.04%
    • Delta Air Lines Inc 0.04%
    • Hess 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
    • Pioneer Natural Resources Co 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
    • Rwe AG 0.04%
    • Vistra Corp 0.04%
    • Wec Energy Group Inc 0.04%
    • Ameren Corporation 0.03%
    • Ck Hutchison Holdings Ltd 0.03%
    • Devon Energy Corp 0.03% !!
      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
    • Diamondback Energy Inc 0.03% !!
      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
    • Engie 0.03% !!
      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
    • Eni Spa 0.03% !!
      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
    • Entergy Corp 0.03%
    • Firstenergy Corp 0.03%
    • Halliburton Co 0.03%
    • Nippon Steel Corp 0.03%
    • Pg&E Corp 0.03%
    • Ppl Corp 0.03%
    • Public Service Enterpris 0.03%
    • Public Service Enterprise Gp 0.03%
    • Rio Tinto Ltd 0.03%
    • Woodside Energy Group Ltd 0.03% !!
      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
    • Arcelormittal 0.02%
    • Centerpoint Energy Inc 0.02%
    • Clp Holdings Ltd 0.02%
    • Cms Energy Corp 0.02%
    • Dominion Energy Inc 0.02%
    • Dte Energy Company 0.02%
    • Edp-Energias De Portugal SA 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Engie SA 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
    • Equinor Asa-Spon Adr 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
    • Intertek Group PLC 0.02%
    • Kansai Electric Power Co Inc 0.02%
    • Loews Corp 0.02%
    • Mitsui Osk Lines Ltd 0.02%
    • Nippon Yusen Kk 0.02%
    • Nrg Energy Inc 0.02%
    • Occidental Petroleum Corp 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
    • Orsted A/S 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Posco Holdings Inc 0.02%
    • Repsol SA 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
    • Aes Corp 0.01% !!
      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
    • Alcoa Corp 0.01%
    • Alliant Energy Corp 0.01%
    • Chesapeake Energy Corp 0.01% !!
      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
    • Chubu Electric Power Co Inc 0.01%
    • Coterra Energy Inc 0.01% !!
      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
    • Dte Energy Co 0.01%
    • Emera Inc 0.01%
    • Endesa SA 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Eneos Holdings Inc 0.01%
    • Evergy Inc 0.01%
    • Fairfax Financial Hldgs Ltd 0.01%
    • Fortis Inc 0.01% !!
      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
    • Inpex Corp 0.01% !!
      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
    • Jardine Matheson Hldgs Ltd 0.01%
    • Naturgy Energy Group SA 0.01%
    • Nisource Inc 0.01%
    • Oci Nv 0.01%
    • Osaka Gas Co Ltd 0.01% !!
      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
    • Ovintiv Inc 0.01% !!
      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
    • Santos Ltd 0.01% !!
      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
    • Snam Spa 0.01% !!
      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
    • Tokyo Gas Co Ltd 0.01% !!
      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

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 2024 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

Invests in international shares and is designed to reflect the return (before tax, fees and other expenses) on international share markets of developed economies, hedged to the New Zealand dollar.

Value $240M NZD
Period of data report 31st March 2024
Fund started 28th Oct. 2016
Total annual fund fees 0.48%
Total performance based fees 0.0%
Manager's basic fee 0.46%
Other management and administration charges 0.02%
Total other charges 12.0
Total other charges currency NZD

Guy Roulston Elliffe

Currently: Director (8 years, 4 months)
Previously: Corporate Governance Manager - ACC (current position) (8 years, 11 months)

Stuart Kenneth Reginald Millar

Currently: Chief Investment Officer - Smartshares (4 years, 10 months)
Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)

Anna Lennie Scott

Currently: Chief Executive Officer - Smartshares (0 years, 6 months)
Previously: Chief Operating Officer and Director - Hobson Wealth (5 years, 2 months)

Alister John Williams

Currently: Director (8 years, 4 months)
Previously: Investment Manager - Trust Management (5 years, 4 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2024.

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
2024 14.61% 26.21%
2023 -4.85% -6.38%
2022 3.53% 8.02%
2021 35.55% 42.53%
2020 -7.06% -14.28%
2019 10.17% 4.78%
2018 7.53% 7.7%

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 March 2024.

Top 10 Investments

  • Vanguard S&P 500 ETF
    United States International Equities
    22.62%
  • Vanguard FTSE Europe ETF
    United States International Equities
    11.31%
  • Vanguard FTSE Pacific ETF
    United States International Equities
    7.9%
  • Vanguard Small-Cap ETF
    United States International Equities
    5.28%
  • Vanguard Growth ETF
    United States International Equities
    4.34%
  • Vanguard Value ETF
    United States International Equities
    3.37%
  • Vanguard Mid-Cap ETF
    United States International Equities
    2.7%
  • Microsoft Corp
    United States International Equities
    2.27%
  • Apple Inc
    United States International Equities
    1.81%
  • Nvidia Corp
    United States International Equities
    1.5%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.0%
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% 100.0%
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 31st March 2024.