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 1.53%
    • Johnson & Johnson 0.56%
    • Thermo Fisher Scientific Inc 0.32%
    • Caterpillar Inc 0.28%
    • Nestle SA-Reg 0.25%
    • Rio Tinto PLC 0.23%
    • Uber Technologies Inc 0.16%
    • Ubs Group AG-Reg 0.16%
    • Wells Fargo & Co 0.14%
    • Glencore PLC 0.13%
    • Raytheon Technologies Corp 0.09%
    • Lockheed Martin Corp 0.07%
    • Motorola Solutions Inc 0.07%
    • Bank Hapoalim Bm 0.06%
    • Rio Tinto PLC-Spon Adr 0.06%
    • Palantir Technologies Inc-A 0.04%
    • Rio Tinto Ltd 0.03%
    • Arcelormittal 0.02%
    • Bank Leumi Le-Israel 0.01%
    • Israel Discount Bank-A 0.01%
    • Mizrahi Tefahot Bank Ltd 0.01%
    • Wilmar International Ltd 0.01%
    • Chevron Corp 0.38% !!
      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 0.19% !!
      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 0.12%
    • Duke Energy Corp 0.11%
    • 3M Co 0.09%
    • Basf Se 0.09%
    • Corteva Inc 0.06%
    • Archer-Daniels-Midland Co 0.05%
    • Bayer AG-Reg 0.05%
    • Barrick Gold Corp 0.02%
    • Nutrien Ltd 0.02%
    • Pg&E Corp 0.02%
    • Fmc Corp 0.01%
    • Wh Group Ltd 0.01%
    • Wilmar International Ltd 0.01%
    • Chevron Corp 0.38% !!
      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
    • Exxon Mobil Corporation 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
    • Exxon Mobil Corp 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%
    • LVMH Moet Hennessy Vuitt 0.20%
    • Shell PLC 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
    • Air Liquide SA 0.17%
    • Hermes International 0.14%
    • Shin-Etsu Chemical Co Ltd 0.13%
    • Sherwin-Williams Co/The 0.12%
    • Unilever PLC 0.11%
    • L'Oreal 0.10%
    • Philip Morris International 0.10%
    • 3M Co 0.09%
    • Basf Se 0.09%
    • Colgate-Palmolive Co 0.09%
    • Ecolab Inc 0.09%
    • Corteva Inc 0.06%
    • Dow Inc 0.06%
    • Dupont De Nemours Inc 0.06%
    • Givaudan-Reg 0.06%
    • Altria Group Inc 0.05%
    • Bayer AG-Reg 0.05%
    • British American Tobacco Holdings (The Netherlands) Bv 0.05%
    • Kering 0.05%
    • Kimberly-Clark Corp 0.05%
    • Koninklijke Ahold Delhaize N 0.05%
    • PPG Industries Inc 0.05%
    • Entegris Inc 0.04%
    • Estee Lauder Companies-Cl A 0.04%
    • Novozymes A/S-B Shares 0.04%
    • Church & Dwight Co Inc 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%
    • Rpm International Inc 0.03%
    • Akzo Nobel N.V. 0.02%
    • Beiersdorf AG 0.02%
    • Eastman Chemical Co 0.02%
    • Henkel AG & Co Kgaa Vor-Pref 0.02%
    • Kikkoman Corp 0.02%
    • Moncler Spa 0.02%
    • Nutrien Ltd 0.02%
    • Otsuka Holdings Co Ltd- Unsp 0.02%
    • Rentokil Initial PLC 0.02%
    • Shiseido Co Ltd 0.02%
    • Symrise AG 0.02%
    • Unicharm Corp 0.02%
    • Yara International Asa 0.02%
    • Albemarle Corp 0.01%
    • Arkema 0.01%
    • Burberry Group PLC 0.01%
    • Celanese Corp 0.01%
    • Clorox Company 0.01%
    • Covestro AG 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%
    • LVMH Moet Hennessy Louis Vui 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%
    • Tyson Foods Inc-Cl A 0.01%
    • Westlake Chemical Corp 0.01%
    • Transdigm Group Inc 0.19%
    • Walmart Inc 0.18%
    • Rolls-Royce Holdings PLC 0.12%
    • Airbus Se 0.10%
    • Heico Corp 0.09%
    • Honeywell International Inc 0.09%
    • Howmet Aerospace Inc 0.09%
    • Kongsberg Gruppen Asa 0.09%
    • Raytheon Technologies Corp 0.09%
    • Boeing Co/The 0.08%
    • Lockheed Martin Corp 0.07%
    • Safran SA 0.07%
    • Amphenol Corp 0.05%
    • Amphenol Corp-Cl A 0.05%
    • Bae Systems PLC 0.05%
    • Daikin Industries Ltd 0.05%
    • General Dynamics Corp. 0.05%
    • Mtu Aero Engines AG 0.05%
    • Northrop Grumman Corp 0.05%
    • Rheinmetall AG 0.05%
    • Booz Allen Hamilton Holdings 0.04%
    • L3Harris Technologies Inc 0.02%
    • Melrose Industries PLC 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%
    • Chevron Corp 0.38% !!
      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 0.36% !!
      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 0.33% !!
      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
    • Exxon Mobil Corporation 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
    • Exxon Mobil Corp 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
    • Marathon Petroleum Corp 0.31%
    • Phillips 66 0.24%
    • Rio Tinto PLC 0.23%
    • Targa Resources Corp 0.23%
    • Tc Energy Corp 0.23% !!
      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 0.19% !!
      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
    • 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
    • Nextera Energy Inc 0.18%
    • Valero Energy Corp 0.18%
    • 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
    • Mitsubishi Corp 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
    • 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%
    • 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
    • Cheniere Energy Inc 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
    • Iberdrola SA 0.12% 1.5°C
      This company is on a 1.5°C pathway
    • Duke Energy Corp 0.11%
    • Mitsui & Co Ltd 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
    • Oneok Inc 0.11%
    • 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%
    • BP 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
    • Constellation Energy 0.09%
    • 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
    • Hf Sinclair Corp 0.08%
    • 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
    • National Grid PLC 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
    • 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
    • Neste Oyj 0.07%
    • American Electric Power 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
    • Altagas Ltd 0.05%
    • Dassault Systemes Se 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
    • Southern Co/The 0.05%
    • 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
    • Consolidated Edison Inc 0.04%
    • 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%
    • Xcel Energy Inc 0.04%
    • Atmos Energy Corp 0.03%
    • Ck Hutchison Holdings Ltd 0.03%
    • Delta Air Lines Inc 0.03%
    • 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%
    • Hess 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
    • Nippon Steel Corp 0.03%
    • Ppl Corp 0.03%
    • Public Service Enterprise Gp 0.03%
    • Rio Tinto Ltd 0.03%
    • Wec Energy Group Inc 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
    • Ameren Corporation 0.02%
    • Arcelormittal 0.02%
    • Clp Holdings Ltd 0.02%
    • Devon Energy 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
    • 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
    • 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
    • Halliburton Co 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
    • Pg&E Corp 0.02%
    • Posco Holdings Inc 0.02%
    • Public Service Enterpris 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%
    • Centerpoint Energy Inc 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%
    • Cms Energy Corp 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
    • Intertek Group PLC 0.01%
    • Jardine Matheson Hldgs Ltd 0.01%
    • Naturgy Energy Group SA 0.01%
    • Nisource Inc 0.01%
    • Orsted A/S 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • 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) of the international share markets of developed economies.

Value $246M NZD
Period of data report 30th June 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, 7 months)
Previously: Corporate Governance Manager - ACC (current position) (9 years, 2 months)

Stuart Kenneth Reginald Millar

Currently: Chief Investment Officer - Smartshares (5 years, 1 months)
Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)

Anna Lennie Scott

Currently: Chief Executive Officer - Smartshares (0 years, 9 months)
Previously: Chief Operating Officer and Director - Hobson Wealth (5 years, 2 months)

Alister John Williams

Currently: Director (8 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 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% 28.71%
2023 -4.85% 0.96%
2022 3.53% 6.75%
2021 35.55% 30.06%
2020 -7.06% -2.12%
2019 10.17% 7.85%
2018 7.53% 8.13%

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 2024.

Top 10 Investments

  • Vanguard S&P 500 ETF
    United States International Equities
    22.59%
  • Vanguard FTSE Europe ETF
    United States International Equities
    11.02%
  • Vanguard FTSE Pacific ETF
    United States International Equities
    7.16%
  • Vanguard Growth ETF
    United States International Equities
    5.59%
  • Vanguard Small-Cap ETF
    United States International Equities
    5.36%
  • Vanguard Value ETF
    United States International Equities
    3.9%
  • Apple Inc
    United States International Equities
    2.05%
  • Microsoft Corp
    United States International Equities
    2.02%
  • Nvidia Corp
    United States International Equities
    1.87%
  • Amazon.Com Inc
    United States International Equities
    1.22%
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 30th June 2024.