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 0.75%
    • Johnson & Johnson 0.67%
    • Thermo Fisher Scientific Inc 0.28%
    • Nestle SA-Reg 0.27%
    • Glencore PLC 0.17%
    • Caterpillar Inc 0.16%
    • Rio Tinto PLC 0.15%
    • Raytheon Technologies Corp 0.12%
    • Wells Fargo & Co 0.12%
    • Motorola Solutions Inc 0.11%
    • Activision Blizzard Inc 0.08%
    • Uber Technologies Inc 0.05%
    • Caterpillar Finl Service 0.03%
    • Rio Tinto Ltd 0.03%
    • Thermo Fisher Scientific 0.02%
    • Wilmar International Ltd 0.02%
    • Activision Blizzard 0.01%
    • Bank Hapoalim Bm 0.01%
    • Bank Leumi Le-Israel 0.01%
    • Israel Discount Bank-A 0.01%
    • Mizrahi Tefahot Bank Ltd 0.01%
    • Shell PLC 0.25% !!
      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 0.18% !!
      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 0.17%
    • Bayer AG-Reg 0.13%
    • Corteva Inc 0.12%
    • Duke Energy Corp 0.12%
    • Freeport-Mcmoran Inc 0.11%
    • Basf Se 0.10%
    • Archer-Daniels-Midland Co 0.09%
    • Pg&E Corp 0.06%
    • Bunge Ltd 0.04%
    • Nutrien Ltd 0.04%
    • Fmc Corp 0.03%
    • Barrick Gold Corp 0.02%
    • Newcrest Mining Ltd 0.02%
    • Wilmar International Ltd 0.02%
    • Procter & Gamble Co/The 0.58%
    • Exxon Mobil Corp 0.39% !!
      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
    • LVMH Moet Hennessy Vuitt 0.28%
    • Unilever PLC 0.26%
    • Shell PLC 0.25% !!
      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 0.24% !!
      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
    • L'Oreal 0.22%
    • LVMH Moet Hennessy Louis Vui 0.20%
    • Air Liquide SA 0.18%
    • Bayer AG-Reg 0.13%
    • Hermes International 0.13%
    • Corteva Inc 0.12%
    • Philip Morris International 0.12%
    • 3M Co 0.10%
    • Basf Se 0.10%
    • British American Tobacco Holdings (The Netherlands) Bv 0.10%
    • Colgate-Palmolive Co 0.10%
    • Kering 0.09%
    • Estee Lauder Companies-Cl A 0.08%
    • Kimberly-Clark Corp 0.08%
    • Altria Group Inc 0.07%
    • Dow Inc 0.07%
    • Dupont De Nemours Inc 0.07%
    • Koninklijke Ahold Delhaize N 0.07%
    • Sherwin-Williams Co/The 0.07%
    • Shin-Etsu Chemical Co Ltd 0.07%
    • Intl Flavors & Fragrances 0.06%
    • PPG Industries Inc 0.06%
    • Albemarle Corp 0.05%
    • Church & Dwight Co Inc 0.05%
    • Ecolab Inc 0.05%
    • Givaudan-Reg 0.05%
    • Eni Spa 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
    • Nutrien Ltd 0.04%
    • Shiseido Co Ltd 0.04%
    • Tyson Foods Inc-Cl A 0.04%
    • Yara International Asa 0.04%
    • Akzo Nobel N.V. 0.03%
    • Beiersdorf AG 0.03%
    • Celanese Corp 0.03%
    • Clorox Company 0.03%
    • Eastman Chemical Co 0.03%
    • Fmc Corp 0.03%
    • Henkel AG & Co Kgaa Vor-Pref 0.03%
    • Hormel Foods Corp 0.03%
    • Kao Corp 0.03%
    • Moncler Spa 0.03%
    • Mosaic Co/The 0.03%
    • Otsuka Holdings Co Ltd 0.03%
    • Rentokil Initial PLC 0.03%
    • Symrise AG 0.03%
    • Unicharm Corp 0.03%
    • Arkema 0.02%
    • Burberry Group PLC 0.02%
    • Chr Hansen Holding A/S 0.02%
    • Covestro AG 0.02%
    • Croda International PLC 0.02%
    • Dcc PLC 0.02%
    • Entegris Inc 0.02%
    • Groupe Bruxelles Lambert Nv 0.02%
    • Kikkoman Corp 0.02%
    • Mitsubishi Chemical Group Co 0.02%
    • Mosaic Co 0.02%
    • Novozymes A/S-B Shares 0.02%
    • Rpm International Inc 0.02%
    • Solvay SA 0.02%
    • Swatch Group AG/The-Br 0.02%
    • The Clorox Co. 0.02%
    • Umicore 0.02%
    • Yakult Honsha Co Ltd 0.02%
    • Icl Group Ltd 0.01%
    • Koninklijke Dsm Nv 0.01%
    • Nippon Paint Holdings Co Ltd 0.01%
    • Reliance Industries 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
    • Tapestry Inc 0.01%
    • Westlake Chemical Corp 0.01%
    • Walmart Inc 0.17%
    • Howmet Aerospace Inc 0.13%
    • Raytheon Technologies Corp 0.12%
    • Honeywell International Inc 0.11%
    • Transdigm Group Inc 0.11%
    • Airbus Se 0.09%
    • Heico Corp 0.09%
    • Lockheed Martin Corp. 0.09%
    • Boeing Co/The 0.07%
    • Amphenol Corp 0.06%
    • Kongsberg Gruppen Asa 0.06%
    • Mtu Aero Engines AG 0.06%
    • Safran SA 0.06%
    • Bae Systems PLC 0.05%
    • Northrop Grumman Corp 0.05%
    • Rolls-Royce Holdings PLC 0.05%
    • Singapore Tech Engineering 0.05%
    • Amphenol Corp-Cl A 0.04%
    • General Dynamics Corp. 0.04%
    • Rheinmetall AG 0.04%
    • Transdigm Inc 0.04%
    • L3Harris Technologies Inc 0.03%
    • Teledyne Technologies Inc 0.03%
    • Booz Allen Hamilton Holdings 0.02%
    • Jacobs Solutions Inc 0.02%
    • Leidos Holdings Inc 0.02%
    • Melrose Industries PLC 0.02%
    • Textron, Inc. 0.02%
    • Thales SA 0.02%
    • Heico Corp-Class A 0.01%
    • Heico Corp. 0.01%
    • Huntington Ingalls Industrie 0.01%
    • Icl Group Ltd 0.01%
    • Exxon Mobil Corp 0.39% !!
      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 0.25% !!
      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 0.24% !!
      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
    • Nextera Energy Inc 0.24%
    • Marathon Petroleum Corp 0.23%
    • BHP Group Ltd 0.18% !!
      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
    • Williams Cos Inc 0.18% !!
      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 0.17% !!
      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
    • Glencore PLC 0.17%
    • Kinder Morgan Inc 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
    • Totalenergies Se 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
    • Enbridge 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
    • Valero Energy Corp 0.16%
    • Iberdrola SA 0.15% 1.5°C
      This company is on a 1.5°C pathway
    • Phillips 66 0.15%
    • Targa Resources Corp 0.15%
    • BP PLC 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
    • Neste Oyj 0.14%
    • Southern Co/The 0.14%
    • Snam Spa 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
    • Duke Energy Corp 0.12%
    • Oneok Inc 0.12%
    • Tc Energy Corp 0.11% !!
      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
    • Enel Spa 0.10% 1.5°C
      This company is on a 1.5°C pathway
    • Mitsubishi Corp 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
    • Mitsui & Co Ltd 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
    • National Grid 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
    • Consolidated Edison Inc 0.09%
    • Pembina Pipeline 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
    • American Electric Power 0.08%
    • Itochu 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
    • Keyera 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
    • Parkland Corp 0.08%
    • Sempra Energy 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
    • Wec Energy Group Inc 0.08%
    • Hf Sinclair Corp 0.07%
    • Marubeni Corp 0.07% !!
      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
    • Constellation Energy 0.06%
    • Devon Energy Corp 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
    • Entergy Corp 0.06%
    • Eog Resources Inc 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
    • Hess Corp 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
    • Pg&E Corp 0.06%
    • Xcel Energy Inc 0.06%
    • E.On Se 0.05%
    • Ppl Corp 0.05%
    • Rwe AG 0.05%
    • Woodside Energy Group Ltd 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
    • Altagas Ltd 0.04%
    • Ck Hutchison Holdings Ltd 0.04%
    • Cms Energy Corp 0.04%
    • Delta Air Lines Inc 0.04%
    • Diamondback Energy Inc 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
    • Dominion Energy Inc 0.04%
    • Engie 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
    • Eni Spa 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
    • Halliburton Co 0.04%
    • Occidental Petroleum Cor 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
    • Sumitomo 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
    • Aes 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
    • Alliant Energy Corp 0.03%
    • Ameren Corp 0.03%
    • Ameren Corporation 0.03%
    • Arcelormittal 0.03%
    • Atmos Energy Corp 0.03%
    • Coterra 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
    • Dte Energy Co 0.03%
    • Edp-Energias De Portugal SA 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Equinor Asa-Spon Adr 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
    • Evergy Inc 0.03%
    • Loews Corp 0.03%
    • Nippon Steel Corp 0.03%
    • Nisource Inc 0.03%
    • Orsted A/S 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Pioneer Natural Resource 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
    • Posco Holdings Inc 0.03%
    • Public Service Enterpris 0.03%
    • Public Service Enterprise Gp 0.03%
    • Aes Corp/The 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
    • Apa 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
    • Clp Holdings Ltd 0.02%
    • Dte Energy Company 0.02%
    • Endesa 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
    • Fortis 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
    • Hong Kong & China Gas 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%
    • Jardine Matheson Hldgs Ltd 0.02%
    • Kansai Electric Power Co Inc 0.02%
    • Marathon Oil 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
    • Mitsui Osk Lines Ltd 0.02%
    • Nippon Yusen Kk 0.02%
    • Nrg Energy Inc 0.02%
    • Osaka Gas Co Ltd 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
    • 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
    • Santos Ltd 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
    • South32 Ltd 0.02%
    • Tokyo Gas Co Ltd 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
    • Ugi Corp 0.02%
    • Vistra Corp 0.02%
    • Westinghouse Air Brake 0.02%
    • 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
    • Emera Inc 0.01%
    • Eneos Holdings Inc 0.01%
    • Eqt 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
    • Fairfax Financial Hldgs Ltd 0.01%
    • 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
    • Naturgy Energy Group SA 0.01%
    • Oci Nv 0.01%
    • Origin Energy 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
    • Phillips 66 Co 0.01%
    • Pinnacle West Capital 0.01%
    • Reliance Industries 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 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

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 $220M NZD
Period of data report 30th June 2023
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 (7 years, 7 months)
Previously: Corporate Governance Manager - ACC (current position) (8 years, 2 months)

Stuart Kenneth Reginald Millar

Currently: Chief Investment Officer - Smartshares (4 years, 1 months)
Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)

Graham Nicholas Stewart Law

Currently: Director (1 years, 6 months)
Previously: Chief Financial and Corporate Officer - NZX (current position) (5 years, 6 months)

Alister John Williams

Currently: Director (7 years, 7 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 30th June 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% -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 30th June 2023.

Top 10 Investments

  • Vanguard S&P 500 ETF
    United States International Equities
    22.08%
  • Vanguard FTSE Europe ETF
    United States International Equities
    11.15%
  • Vanguard FTSE Pacific ETF
    United States International Equities
    6.83%
  • Vanguard Small-Cap ETF
    United States International Equities
    4.4%
  • Vanguard Growth ETF
    United States International Equities
    3.72%
  • Vanguard Value ETF
    United States International Equities
    3.1%
  • Vanguard Mid-Cap ETF
    United States International Equities
    3.05%
  • Apple Inc
    United States Australasian Equities
    2.44%
  • ANZ NZD Current Account
    New Zealand Cash and Equivalents AA-
    2.4%
  • Microsoft Corp
    United States International Equities
    1.9%
Type Target Actual
Cash and Cash Equivalents 0.0% 2.162679%
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% 97.83732%
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 June 2023.