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 1.22%
    • Thermo Fisher Scientific Inc 0.62%
    • Wells Fargo & Co 0.43%
    • Raytheon Technologies Corp 0.42%
    • Caterpillar Inc 0.33%
    • Activision Blizzard Inc 0.16%
    • Motorola Solutions Inc 0.14%
    • Duke Energy Corp 0.22%
    • Freeport-Mcmoran Inc 0.15%
    • Archer-Daniels-Midland Co 0.12%
    • Corteva Inc 0.12%
    • Pg&E Corp 0.08%
    • Bunge Ltd 0.04%
    • Fmc Corp 0.04%
    • Exxon Mobil Corp 1.39% !!
      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
    • Procter & Gamble Co/The 1.05%
    • Chevron Corp 0.86% !!
      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 0.44%
    • Altria Group Inc 0.24%
    • Colgate-Palmolive Co 0.19%
    • 3M Co 0.17%
    • Estee Lauder Companies-Cl A 0.16%
    • Sherwin-Williams Co/The 0.16%
    • Kimberly-Clark Corp 0.14%
    • Corteva Inc 0.12%
    • Ecolab Inc 0.12%
    • Dow Inc 0.11%
    • Dupont De Nemours Inc 0.09%
    • PPG Industries Inc 0.09%
    • Church & Dwight Co Inc 0.07%
    • Intl Flavors & Fragrances 0.07%
    • Albemarle Corp 0.06%
    • Clorox Company 0.06%
    • Tyson Foods Inc-Cl A 0.05%
    • Fmc Corp 0.04%
    • Mosaic Co/The 0.04%
    • Celanese Corp 0.03%
    • Eastman Chemical Co 0.03%
    • Hormel Foods Corp 0.03%
    • Tapestry Inc 0.03%
    • Ralph Lauren Corp 0.01%
    • Walmart Inc 0.60%
    • Raytheon Technologies Corp 0.42%
    • Honeywell International Inc 0.38%
    • Boeing Co/The 0.33%
    • Lockheed Martin Corp. 0.29%
    • Northrop Grumman Corp 0.19%
    • General Dynamics Corp. 0.14%
    • Amphenol Corp 0.13%
    • L3Harris Technologies Inc 0.11%
    • Transdigm Group Inc 0.11%
    • Teledyne Technologies Inc 0.06%
    • Howmet Aerospace Inc 0.05%
    • Jacobs Solutions Inc 0.04%
    • Leidos Holdings Inc 0.04%
    • Textron, Inc. 0.04%
    • Huntington Ingalls Industrie 0.02%
    • Exxon Mobil Corp 1.39% !!
      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
    • Chevron Corp 0.86% !!
      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 0.43%
    • Conocophillips 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
    • Southern Co/The 0.23%
    • Duke Energy Corp 0.22%
    • Eog Resources Inc 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
    • Marathon Petroleum Corp 0.16%
    • Pioneer Natural Resource 0.15% !!
      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 0.14%
    • Dominion Energy Inc 0.14%
    • Sempra Energy 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
    • Occidental Petroleum Cor 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
    • Phillips 66 0.13%
    • Valero Energy Corp 0.13%
    • Hess 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
    • Williams Cos 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
    • Xcel Energy Inc 0.11%
    • Consolidated Edison Inc 0.10%
    • Devon Energy 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
    • Kinder Morgan Inc 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
    • Public Service Enterpris 0.09%
    • Wec Energy Group Inc 0.09%
    • Halliburton Co 0.08%
    • Oneok Inc 0.08%
    • Pg&E Corp 0.08%
    • Ameren Corporation 0.07%
    • Constellation Energy 0.07%
    • Diamondback 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
    • Coterra Energy 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
    • Delta Air Lines Inc 0.06%
    • Dte Energy Co 0.06%
    • Entergy Corp 0.06%
    • Ppl Corp 0.06%
    • Aes 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
    • Atmos Energy Corp 0.05%
    • Cms Energy Corp 0.05%
    • Targa Resources Corp 0.05%
    • Alliant Energy Corp 0.04%
    • Eqt 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
    • Evergy Inc 0.04%
    • Marathon Oil 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
    • Apa 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
    • Loews Corp 0.03%
    • Nisource Inc 0.03%
    • Pinnacle West Capital 0.03%
    • Nrg Energy Inc 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 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 US shares and is designed to track the return (before tax, fees and other expenses) of the S&P 500 Index.

Value $94M NZD
Period of data report 30th June 2023
Fund started 28th Oct. 2016
Total annual fund fees 0.44%
Total performance based fees 0.0%
Manager's basic fee 0.41%
Other management and administration charges 0.03%
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% -3.11%
2022 3.53% 16.54%
2021 35.55% 29.18%
2020 -7.06% 5.9%
2019 10.17% 15.45%
2018 7.53% 7.42%

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
    99.87%
  • ANZ NZD Current Account
    New Zealand Cash and Equivalents AA-
    0.49%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.034001%
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% 99.966%
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.