Lifestages World Equity Portfolio

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Fund type: Aggressive fund

Past Returns: 12.98%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 1.85%

Annual fees, including management and administration fees, but not membership fee.

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.


Fossil Fuel

Alleghany Corp 0.03%
Anglo American PLC 0.06%
Apa Group Units 0.01%
Arcelormittal SA 0.02%
Atmos Energy Corp 0.04%
BHP Group Ltd 0.18%
Canadian Natural Resources Ltd 0.07%
Cenovus Energy Inc 0.02%
Cheniere Energy Inc 0.03%
Chevron Corp 0.29%
Conocophillips 0.12%
Devon Energy Corp 0.04%
Diamondback Energy Inc 0.02%
Dominion Energy Inc 0.06%
Enbridge Inc 0.12%
Eneos Holdings Inc 0.01%
Engie SA 0.02%
Eni 0.03%
Eog Resources Inc 0.06%
Eqt 0.01%
Equinor 0.03%
Exxon Mobil Corp 0.32%
Franco Nevada Corp 0.03%
Glencore PLC 0.06%
Hess Corp 0.03%
Hong Kong and China Gas Ltd 0.01%
Imperial Oil Ltd 0.01%
Inpex Corp 0.01%
Itochu Corp 0.04%
Jardine Matheson Holdings Ltd 0.01%
Kinder Morgan Inc 0.04%
Loews Corp 0.01%
Lyondellbasell Industries Nv Class 0.03%
Marathon Petroleum Corp 0.06%
Marubeni Corp 0.02%
Mitsubishi Corp 0.04%
Mitsui Ltd 0.04%
Mitsui Osk Lines Ltd 0.01%
Neste 0.02%
Nippon Steel Corp 0.02%
Nippon Yusen 0.01%
Occidental Petroleum Corp 0.05%
Oneok Inc 0.04%
Pembina Pipeline Corp 0.02%
Phillips 66 0.04%
Pioneer Natural Resource 0.05%
Public Service Enterprise Group In 0.03%
Repsol SA 0.02%
Santos Ltd 0.02%
Shell PLC 0.20%
Snam 0.01%
South32 Ltd 0.02%
Sumitomo Corp 0.02%
Suncor Energy Inc 0.04%
Tc Energy Corp 0.05%
Teck Resources Subordinate Voting 0.02%
Texas Pacific Land Corp 0.02%
Tourmaline Oil Corp 0.02%
Ugi Corp 0.01%
Valero Energy Corp 0.06%
Williams Inc 0.04%
Woodside Petroleum Ltd 0.02%

Weapons

Amphenol Corp Class A 0.04%
Amphenol Corp-Cl A 0.02%
Booz Allen Hamilton Holding Corp C 0.01%
Caci International Inc -Cl A 0.02%
Heico Corp Class A 0.01%
Howmet Aerospace Inc 0.01%
L3Harris Technologies Inc 0.05%
Mitsubishi Heavy Industries Ltd 0.01%
Rolls-Royce Holdings PLC 0.01%
Safran SA 0.04%
Science Applications Inte 0.01%
Teledyne Technologies Inc 0.04%
Thales SA 0.01%
Transdigm Group Inc 0.05%

Tobacco

Alimentation Couche Tard Multi Vot 0.04%

Gambling

Aristocrat Leisure Ltd 0.02%
Caesars Entertainment Inc 0.02%
Flutter Entertainment PLC 0.02%
Galaxy Entertainment Group Ltd 0.01%
Las Vegas Sands Corp 0.01%
Mgm Resorts International 0.02%
Tabcorp Holdings Ltd 0.01%

Adult Entertainment/Pornography

Caesars Entertainment Inc 0.02%
Live Nation Entertainment Inc 0.02%
Mgm Resorts International 0.02%
Royal Caribbean Group Ltd 0.02%

Alcohol

Anheuser Busch Inbev SA 0.05%
Asahi Group Holdings Ltd 0.02%
Brown Forman Corp Class B 0.02%
Carlsberg As Cl B 0.01%
Constellation Brands Inc Class A 0.04%
Diageo PLC 0.11%
Heineken Holding Nv 0.01%
Heineken Nv 0.02%
Kirin Holdings Ltd 0.01%
LVMH 0.19%
Pernod Ricard SA 0.04%

Palm Oil

GMOs

Corteva Inc 0.07%
Corteva Inc. 0.01%

Human Rights & Environmental Violations

Activision Blizzard Inc 0.12%
Activision Blizzard Inc. 0.01%
BHP Group Ltd 0.18%
Bank Hapoalim Bm 0.01%
Bank Leumi Le Israel 0.01%
Barrick Gold Corp 0.04%
Bayer AG 0.08%
Chevron Corp 0.29%
Credit Suisse Group AG 0.02%
Duke Energy Corp 0.08%
Freeport Mcmoran Inc 0.07%
Glencore PLC 0.06%
Johnson & Johnson 0.67%
Mattel Inc 0.01%
Motorola Solutions Inc 0.06%
Nestle SA 0.43%
Pg&E Corp 0.02%
Rio Tinto Ltd 0.03%
Rio Tinto PLC 0.09%
Shell PLC 0.20%
Teva Pharmaceutical Industries Adr 0.01%
Uber Technologies Inc 0.06%
Uber Technologies Inc. 0.01%

Animal Testing

Akzo Nobel Nv 0.02%
Albemarle Corp 0.02%
Archer Daniels Midland 0.05%
Archer-Daniels-Midland Co. 0.01%
Asahi Group Holdings Ltd 0.02%
Avantor Inc 0.05%
Axalta Coating Systems Ltd 0.01%
Basf N 0.05%
Bayer AG 0.08%
Beiersdorf AG 0.01%
Capri Holdings Ltd 0.01%
Celanese Corp 0.02%
Chevron Corp 0.29%
Chr Hansen Holding A/S 0.01%
Church & Dwight Co Inc 0.03%
Church and Dwight Inc 0.02%
Clorox 0.02%
Clorox Company 0.01%
Coca-Cola 0.24%
Coca-Cola Co. 0.06%
Coca-Cola Co/The 0.11%
Corteva Inc 0.07%
Corteva Inc. 0.01%
Coty Inc-Cl A 0.02%
Covestro AG 0.03%
Croda International PLC 0.03%
Danone SA 0.04%
Dow Inc 0.04%
Dow Inc. 0.01%
Dupont De Nemours Inc 0.06%
Eastman Chemical 0.02%
Ecolab Inc 0.06%
Entegris Inc 0.02%
Estee Lauder Companies-Cl A 0.03%
Estee Lauder Cos. Inc. Class A 0.01%
Estee Lauder Inc Class A 0.06%
Fmc Corp 0.05%
Fujifilm Holdings Corp 0.02%
General Mills Inc 0.06%
Givaudan SA 0.04%
Givaudan-Reg 0.03%
Glaxosmithkline PLC 0.16%
Henkel & Kgaa Pref AG 0.01%
Hermes International 0.08%
Hp Inc 0.06%
Huntsman Corp 0.02%
Icl Group Ltd 0.01%
Ingersoll Rand Inc 0.02%
Ingersoll-Rand Inc 0.02%
International Flavors & Fragrances 0.03%
Intl Flavors & Fragrances 0.02%
Johnson & Johnson 0.67%
Kao Corp 0.02%
Kellogg 0.02%
Kellogg Co 0.02%
Kerry Group PLC 0.02%
Keurig Dr Pepper Inc 0.04%
Kikkoman Corp 0.01%
Kimberly Clark Corp 0.04%
Kimberly-Clark Corp. 0.01%
Kirin Holdings Ltd 0.01%
Koninkilijke Dsm Nv 0.03%
Koninklijke Dsm Nv 0.01%
Kraft Heinz 0.02%
Kraft Heinz Co/The 0.02%
L'Oreal 0.03%
L'Oreal SA 0.01%
LVMH 0.19%
Lair Liquide Societe Anonyme Pour 0.07%
Linde PLC 0.19%
Loreal SA 0.09%
Lyondellbasell Industries Nv Class 0.03%
Marubeni Corp 0.02%
Mondelez International Inc Class A 0.08%
Mondelez International Inc. Class A 0.02%
Mosaic 0.02%
Mosaic Co/The 0.02%
Nestle SA 0.43%
Nutrien Ltd 0.06%
Nutrien Ltd. 0.01%
PPG Industries Inc 0.06%
Pepsico Inc 0.29%
Pepsico Inc. 0.06%
Procter & Gamble 0.34%
Procter & Gamble Co. 0.09%
Procter & Gamble Co/The 0.16%
Puma 0.01%
Reckitt Benckiser Group PLC 0.08%
Rpm International Inc 0.01%
Scotts Miracle-Gro Co 0.02%
Shell PLC 0.20%
Sherwin Williams 0.06%
Sherwin-Williams Co. 0.01%
Sherwin-Williams Co/The 0.06%
Shin Etsu Chemical Ltd 0.05%
Shin-Etsu Chemical Co Ltd 0.02%
Shin-Etsu Chemical Co. Ltd. 0.02%
Shiseido Ltd 0.02%
Svenska Cellulosa B 0.01%
Symrise AG 0.02%
Tapestry Inc 0.02%
Tesco PLC 0.05%
Unicharm Corp 0.02%
Unilever PLC 0.13%
Unilever PLC-Sponsored Adr 0.07%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 2022 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.

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.

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
2022 3.19% 7.22%
2021 36.07% 37.72%
2020 -7.33% -6.0%
2019 10.16% 5.26%
2018 7.53% 7.86%
2017 9.49% 12.99%
2016 4.71% -0.91%
2015 14.67% 15.99%
2014 10.13% 12.24%
2013 13.93% 7.07%

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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • Ishares Wholesale Screened International Equity Index Fund (Class E2)
    Australia International Equities
    53.61%
  • Dimensional Global Sustainability Trust – NZD Hedged Class Units
    Australia International Equities
    30.14%
  • Vanguard Ethically Conscious International Shares Index Fund-NZD Hedged
    Australia International Equities
    11.34%
  • Cash Deposit (ANZ Bank)
    New Zealand Cash and Equivalents A-1+
    6.56%
  • Cash Deposit (Jpm AUD)
    Australia Cash and Equivalents
    0.01%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu March 31st 2022.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 5.0% 4.91%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 95.0% 95.09%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.08%
  • Alcohol:
    0.54%
  • Animal Testing:
    7.06%
  • Fossil Fuels:
    3.13%
  • Gambling:
    0.14%
  • GMOs:
    0.08%
  • Human Rights & Environmental Violations:
    2.70%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.06%
  • Weapons:
    0.48%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 2022 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.

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"The fund aims to achieve capital growth and returns over the long-term through investment primarily in a broad spread of international equites. The fund offers a multi-manager approach to equity investing."

Value $8.0M NZD
Period of data report Thu March 31st 2022
Fund started Wed July 2nd 2003
Total annual fund fees 1.85%
Total performance based fees 0.0%
Manager's basic fee 1.27%
Other management and administration charges 0.58%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Graham Duston

Currently: Investment Committee member (20 years, 6 months)
Previously: Chief Executive Officer, Funds Administration New Zealand Ltd (current) (20 years, 6 months)

Damon O'Brien

Currently: Independent Investment Committee member (6 years, 11 months)
Previously: Chief Investment Officer, Consilium Limited (10 years, 0 months)

Martin Pike

Currently: Head of Investments (6 years, 6 months)
Previously: National Manager, Investment Product & Services, AMP Financial Services (2 years, 4 months)

Mike Skilling

Currently: Non-executive Director / Investment Committee chairperson (5 years, 10 months)
Previously: GM Business Financial Services & Private Banking, BNZ (8 years, 0 months)

Derek Young

Currently: Investment Committee member (17 years, 9 months)
Previously: Executive Director, Funds Administration New Zealand Ltd (current) (17 years, 9 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Markets Conduct Act 2013 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.