Funds
Aspiring Fund
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
Human Rights Violations
-
Uber Technologies Inc. 1.14%
Labour Rights Violations
Where the actions of companies have violated global standards on labour rights and freedoms; including poor treatment of workers, child and forced labour, and modern slavery.
UBER TECHNOLOGIES INC. Labour Rights Violations
Uber is a ride and food delivery service provider. Evidence shows the company has been prioritising revenue growth over driver welfare and user safety. As Uber considers its drivers to be contractors, this limits their employee rights to the minimum wage and other benefits, meaning drivers and vehicles are not subject to the labour standards expected from traditional taxi companies.
-
Ubs Group AG-Reg 0.91%
Business Ethics
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
-
Uber Technologies Inc. 1.14%
Environmental Harm
Animal Cruelty
-
Hermes International 1.14%
Animal Welfare Issues
Where companies, through their products or operations, cause harm to animals e.g., animal entertainment (such as marine parks and rodeos), livestock exports, whale meat etc.
Fur & Speciality Leather
Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).
-
LVMH Moet Hennessy Louis Vui 1.07%
Animal Welfare Issues
Where companies, through their products or operations, cause harm to animals e.g., animal entertainment (such as marine parks and rodeos), livestock exports, whale meat etc.
Fur & Speciality Leather
Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).
-
Hermes International 1.14%
Fossil Fuels
-
Contact Energy Ltd 2.32%
1.5°C
This company is on a 1.5°C pathway
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
CONTACT ENERGY LTD Fossil Fuel Power Generation
Contact Energy is one of Aotearoa New Zealand’s largest electric utilities companies. Contact operates three thermal power stations that employ gas and diesel. In FY2023, 7% of the energy Contact generated came from thermal generation. However, Contact has announced plans for further investment in renewable generation. This includes NZD 1.2 billion in geothermal power, by constructing a new station and expanding capacity at an existing station, along with early developments in wind and solar generation. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
-
Diamondback Energy Inc 1.18%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Santos Ltd 0.90%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Beach Energy Ltd 0.68%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Devon Energy Corp. 0.30%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Channel Infrastructure NZ Limited 0.18%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Channel Infrastructure Bond (Chi030) 0.10%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Contact Energy Ltd 2.32%
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
In their own words
The Fund principally invests in Australasian and Globally listed Equities, although it may invest in any asset
class (including investments in unlisted entities, underwriting arrangements, debt securities, and property).
The principal objective of the Fund is to achieve positive absolute returns averaging at least 4% over
inflation (after fees and expenses but before tax) over the long term.
| Value | $548M NZD |
| Period of data report | 30th June 2024 |
| Fund started | 1st Feb. 2006 |
| Total annual fund fees | 1.96% |
| Total performance based fees | 0.74% |
| Manager's basic fee | 1.02% |
| Other management and administration charges | 0.19% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Murray Doyle |
Currently: Director (18 years, 6 months) |
|
Campbell Stuart |
Currently: Director (9 years, 4 months) |
|
Lance Reynolds |
Currently: Director (9 years, 1 months) |
|
Peter Wright |
Currently: Director (5 years, 3 months) |
|
David Lane |
Currently: Director (2 years, 9 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 | 12.57% | 17.03% |
| 2023 | -4.05% | 0.23% |
| 2022 | 1.38% | 4.05% |
| 2021 | 27.68% | 40.26% |
| 2020 | -4.45% | -4.07% |
| 2019 | 6.12% | 6.65% |
| 2018 | 8.66% | 6.76% |
| 2017 | 7.20% | 9.47% |
| 2016 | 5.40% | 11.69% |
| 2015 | 12.09% | 15.41% |
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
-
Cash and Cash Equivalents (NZD)
New Zealand Cash and Equivalents4.76% -
Amazon.Com Inc
United States International Equities4.34% -
Microsoft Corporation
United States International Equities4.02% -
Freeport - Mcmoran Copper
United States International Equities2.91% -
CSL Limited
Australia Australasian Equities2.78% -
Spark New Zealand Ltd
New Zealand Australasian Equities2.47% -
Contact Energy Ltd
New Zealand Australasian Equities2.37% -
Infratil Ltd
New Zealand Australasian Equities2.35% -
Eli Lilly and Company
United States International Equities2.17% -
Novo Nordisk A/S
Denmark International Equities2.14%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 23.08% | 8.54% |
| New Zealand Fixed Interest | 3.85% | 6.98% |
| International Fixed Interest | 1.92% | 0.0% |
| Australasian Equities | 38.46% | 37.2% |
| International Equities | 28.85% | 45.44% |
| Listed Properties | 1.92% | 0.92% |
| Unlisted Properties | 0.77% | 0.22% |
| Other | 0.0% | 0.0% |
| Commodities | 1.15% | 0.69% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.