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 0.24%
    • Johnson & Johnson 0.20%
    • Rio Tinto Ltd 0.09%
    • Wells Fargo & Co 0.09%
    • Thermo Fisher Scientific Inc 0.08%
    • Credit Suisse Group AG 0.06%
    • Raytheon Technologies Corp 0.06%
    • Caterpillar Inc 0.04%
    • Glencore PLC 0.04%
    • Motorola Solutions Inc 0.04%
    • Rio Tinto PLC 0.04%
    • Activision Blizzard Inc 0.02%
    • Thermo Fisher Scientific 0.02%
    • Uber Technologies Inc 0.02%
    • Caterpillar Finl Service 0.01%
    • China Petroleum & Chemical-A 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
    • Credit Suisse AG 0.01%
    • Credit Suisse New York 0.01%
    • Li Ning Co Ltd 0.01%
    • BHP Group Ltd 0.45% !!
      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 0.16% !!
      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
    • Duke Energy Corp 0.12%
    • Pg&E Corp 0.06%
    • Newcrest Mining Ltd 0.05%
    • Bayer AG-Reg 0.04%
    • Corteva Inc 0.04%
    • Glencore PLC 0.04%
    • Archer-Daniels-Midland Co 0.03%
    • Basf Se 0.03%
    • Freeport-Mcmoran Inc 0.03%
    • Vale SA 0.03%
    • Bunge Ltd 0.01%
    • Fmc Corp 0.01%
    • Exxon Mobil Corp 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
    • Procter & Gamble Co/The 0.17%
    • Shell PLC 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
    • LVMH Moet Hennessy Vuitt 0.14%
    • Chevron Corp 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
    • Unilever PLC 0.11%
    • L'Oreal 0.07%
    • Reliance Industries Ltd 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
    • Philip Morris International 0.06%
    • Air Liquide SA 0.05%
    • British American Tobacco Holdings (The Netherlands) Bv 0.05%
    • Hermes International 0.05%
    • LVMH Moet Hennessy Louis Vui 0.05%
    • Shin-Etsu Chemical Co Ltd 0.05%
    • Bayer AG-Reg 0.04%
    • Corteva Inc 0.04%
    • Kering 0.04%
    • 3M Co 0.03%
    • Altria Group Inc 0.03%
    • Basf Se 0.03%
    • Colgate-Palmolive Co 0.03%
    • Koninklijke Ahold Delhaize N 0.03%
    • Orica Ltd 0.03%
    • Albemarle Corp 0.02%
    • Church & Dwight Co Inc 0.02%
    • Dow Inc 0.02%
    • Ecolab Inc 0.02%
    • Eni Spa 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
    • Estee Lauder Companies-Cl A 0.02%
    • Givaudan-Reg 0.02%
    • Hindustan Unilever Ltd 0.02%
    • Intl Flavors & Fragrances 0.02%
    • Kao Corp 0.02%
    • Kimberly-Clark Corp 0.02%
    • L'Oreal SA 0.02%
    • PPG Industries Inc 0.02%
    • Rentokil Initial PLC 0.02%
    • Sherwin-Williams Co/The 0.02%
    • Shiseido Co Ltd 0.02%
    • Asian Paints Ltd 0.01%
    • Beiersdorf AG 0.01%
    • China Petroleum & Chemical-A 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
    • Dupont De Nemours Inc 0.01%
    • Fmc Corp 0.01%
    • Moncler Spa 0.01%
    • Nan Ya Plastics Corp 0.01%
    • Otsuka Holdings Co Ltd 0.01%
    • Symrise AG 0.01%
    • The Clorox Co. 0.01%
    • Tyson Foods Inc-Cl A 0.01%
    • Unicharm Corp 0.01%
    • Walmart Inc 0.10%
    • Raytheon Technologies Corp 0.06%
    • Boeing Co/The 0.05%
    • Honeywell International Inc 0.05%
    • Airbus Se 0.04%
    • Amphenol Corp 0.04%
    • Lockheed Martin Corp. 0.04%
    • Northrop Grumman Corp 0.03%
    • Safran SA 0.03%
    • Bae Systems PLC 0.02%
    • General Dynamics Corp. 0.02%
    • L3Harris Technologies Inc 0.02%
    • Teledyne Technologies Inc 0.02%
    • Transdigm Inc 0.02%
    • Howmet Aerospace Inc 0.01%
    • Jacobs Solutions Inc 0.01%
    • Larsen & Toubro Ltd 0.01%
    • Leidos Holdings Inc 0.01%
    • Mtu Aero Engines AG 0.01%
    • Rolls-Royce Holdings PLC 0.01%
    • Textron, Inc. 0.01%
    • Transdigm Group Inc 0.01%
    • Contact Energy Ltd 0.50% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.45% !!
      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
    • Genesis Energy Ltd 0.31%
    • Nextera Energy Inc 0.25%
    • Exxon Mobil Corp 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
    • Shell PLC 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
    • Southern Co/The 0.13%
    • Woodside Energy 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
    • Chevron Corp 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
    • Duke Energy Corp 0.12%
    • Enbridge Inc 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
    • 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
    • American Electric Power 0.08%
    • Dominion Energy Inc 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
    • Totalenergies Se 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
    • BP PLC 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
    • Cheniere Energy Inc 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
    • Consolidated Edison Inc 0.07%
    • Reliance Industries Ltd 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
    • Williams Cos Inc 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
    • Iberdrola SA 0.06% 1.5°C
      This company is on a 1.5°C pathway
    • Kinder Morgan 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
    • Oneok Inc 0.06%
    • Pg&E Corp 0.06%
    • Tc 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
    • Wec Energy Group Inc 0.06%
    • Xcel Energy Inc 0.06%
    • Conocophillips 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
    • Public Service Enterpris 0.05%
    • Ameren Corp 0.04%
    • Ampol Ltd 0.04%
    • Cms Energy Corp 0.04%
    • Enel Spa 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Entergy Corp 0.04%
    • Glencore PLC 0.04%
    • Itochu 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
    • Mitsubishi 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
    • Mitsui & Co Ltd 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
    • Ppl Corp 0.04%
    • Santos Ltd 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
    • South32 Ltd 0.04%
    • Washington H. Soul Pattinson 0.04%
    • Alliant Energy Corp 0.03%
    • Atmos Energy Corp 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
    • Eog Resources 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
    • Evergy Inc 0.03%
    • Fortis 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
    • 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
    • Orica Ltd 0.03%
    • Pembina Pipeline 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
    • Petroleo Brasileiro-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
    • Targa Resources Corp 0.03%
    • Total SA 0.03%
    • Vale SA 0.03%
    • Whitehaven Coal Ltd 0.03%
    • Agl Energy Ltd 0.02%
    • Apa Group 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%
    • Constellation Energy 0.02%
    • Coterra 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
    • 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
    • Dte Energy Co 0.02%
    • E.On Se 0.02%
    • Emera Inc 0.02%
    • Eni Spa 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%
    • 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
    • Marathon Petroleum Corp 0.02%
    • Neste Oyj 0.02%
    • Nippon Steel Corp 0.02%
    • Nisource Inc 0.02%
    • Occidental Petroleum Cor 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
    • Origin Energy 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
    • Pinnacle West Capital 0.02%
    • Pioneer Natural Resource 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
    • Rwe AG 0.02%
    • Saudi Arabian Oil Co 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
    • Snam Spa 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
    • Sumitomo 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
    • Valero Energy Corp 0.02%
    • Canadian Natural Resources 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
    • Centrica PLC 0.01%
    • China Petroleum & Chemical-A 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
    • Ck Hutchison Holdings Ltd 0.01%
    • Delta Air Lines Inc 0.01%
    • Engie SA 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
    • Kansai Electric Power Co Inc 0.01%
    • Loews Corp 0.01%
    • Marathon Oil 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
    • Marubeni 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
    • Nippon Yusen Kk 0.01%
    • Oge Energy Corp 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
    • Phillips 66 0.01%
    • Posco Holdings Inc 0.01%
    • Power Assets Holdings Ltd 0.01%
    • Repsol SA 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 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 a mix of income and growth assets and is designed for investors that want a balanced investment option. Negative annual returns may occur once in every 5-7 years on average.

Value $450M NZD
Period of data report 30th June 2023
Fund started 28th Oct. 2016
Total annual fund fees 0.5%
Total performance based fees 0.0%
Manager's basic fee 0.48%
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 -2.59% -4.19%
2022 1.06% 2.55%
2021 18.16% 23.29%
2020 -1.83% -6.12%
2019 4.49% 6.78%
2018 4.41% 4.01%

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

  • Ishares Core Global Aggregate Bond Ucits ETF
    Ireland Int Fixed Interest
    10.78%
  • Vanguard Total World Stock ETF
    United States International Equities
    10.35%
  • Vanguard S&P 500 ETF
    United States International Equities
    5.65%
  • Vanguard FTSE Europe ETF
    United States International Equities
    5.04%
  • Vanguard FTSE Pacific ETF
    United States International Equities
    3.13%
  • Vanguard FTSE Emerging Markets ETF
    United States International Equities
    3.11%
  • Vanguard Mid-Cap ETF
    United States International Equities
    2.63%
  • Vanguard Small-Cap ETF
    United States International Equities
    2.31%
  • Vanguard Global Infrastructure Index ETF
    Australia International Equities
    2.0%
  • Ishares Msci Usa ESG Screened Ucits ETF
    Ireland International Equities
    1.88%
Type Target Actual
Cash and Cash Equivalents 8.0% 8.019352%
New Zealand Fixed Interest 15.0% 14.7703%
International Fixed Interest 17.0% 16.49258%
Australasian Equities 14.0% 13.42799%
International Equities 40.0% 41.41495%
Listed Properties 3.0% 2.885108%
Unlisted Properties 0.0% 0.0%
Other 3.0% 2.989718%
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.