Where a company has multiple ethical concerns, the total concerns percentage counts this investment once.
The average total concerns of all funds of the same risk profile is weighted by the funds' investment values.
The average total concerns of all managed growth funds is 5.45%.
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.
Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
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.
Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.
The world’s largest social network (Facebook, Instagram, Messenger, WhatsApp). Company has faced claims and legal actions due to mental health harm (notably to young people), breaches of user privacy / data rights, and the spread of misinformation. Inadequate moderating in non-English speaking countries (e.g. Myanmar) allowed the platform to be used to incite ethnic violence. Removal of content moderation from strt of 2025 increases risk of social and political harm.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
One of Aotearoa New Zealand’s largest electric utilities companies. Operates three thermal power stations that employ gas and diesel. In FY2024, 81% of the energy Contact generated came from renewable energy (lower than in 2023 due to a dry winter). However, at the end of 2024 Contact opened a major new geothermal renewable facility - the Tauhara plant. It is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Produces electricity from plants and distributes gas. Is expanding its portfolio of renewable assets (wind & solar farms + hydro) and options to reduce emissions from Huntly (Battery technology and biomass use). However, in 2023 35% of revenue came from fossil fuel generation - Huntley Power Station (Coal & Gas) and sales of gas from the Kupe field.
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
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.
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.
An Australian oil and gas company with significant operations in natural gas and oil production and exploration. The company has plans for major short term expansion of exploration in Australia, Papua New Guinea, and Alaska. The company’s planned short-term expansion overshoots the IEA Net-Zero Emissions Scenario by 59%.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Owns the Grasberg mine in Indonesia where tailings are disposed directly into a river. Note, this type of disposal is banned in most countries. The pollution causes significant negative impact to the health of indigenous communities and wildlife in a biodiversity hotspot.
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 | $544M NZD |
| Period of data report | 31st March 2025 |
| Fund started | 1st Feb. 2006 |
| Total annual fund fees | 1.61% |
| Total performance based fees | 0.39% |
| Manager's basic fee | 1.02% |
| Other management and administration charges | 0.2% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Murray Doyle |
Currently: Director (19 years, 3 months)
|
|
Campbell Stuart |
Currently: Director (10 years, 1 months)
|
|
Lance Reynolds |
Currently: Director (9 years, 10 months)
|
|
Peter Wright |
Currently: Director (6 years, 0 months)
|
|
David Lane |
Currently: Director (3 years, 6 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
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 |
|---|---|---|
| 2025 | 3.04% | -1.49% |
| 2024 | 12.48% | 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% |
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 31st March 2025.
Cash and Cash Equivalents (NZD)
New Zealand Cash and Equivalents
Amazon.Com Inc
United States International Equities
Meta Platforms Inc
United States International Equities
Visa Inc-Class A Shares
United States International Equities
Infratil Ltd
New Zealand Australasian Equities
Eli Lilly and Company
United States International Equities
Mastercard Inc-Class A
United States International Equities
Mercury NZ Limited
New Zealand Australasian Equities
Microsoft Corporation
United States International Equities
CSL Limited
Australia Australasian Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 23.08% | 11.38% |
| New Zealand Fixed Interest | 3.85% | 4.5% |
| International Fixed Interest | 1.92% | 0.0% |
| Australasian Equities | 38.46% | 45.44% |
| International Equities | 28.85% | 36.4% |
| Listed Properties | 1.92% | 1.99% |
| Unlisted Properties | 0.77% | 0.29% |
| Other | 0.0% | 0.0% |
| Commodities | 1.15% | 0.0% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
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 2025 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.
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.
Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
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.
Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.
The world’s largest social network (Facebook, Instagram, Messenger, WhatsApp). Company has faced claims and legal actions due to mental health harm (notably to young people), breaches of user privacy / data rights, and the spread of misinformation. Inadequate moderating in non-English speaking countries (e.g. Myanmar) allowed the platform to be used to incite ethnic violence. Removal of content moderation from strt of 2025 increases risk of social and political harm.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
One of Aotearoa New Zealand’s largest electric utilities companies. Operates three thermal power stations that employ gas and diesel. In FY2024, 81% of the energy Contact generated came from renewable energy (lower than in 2023 due to a dry winter). However, at the end of 2024 Contact opened a major new geothermal renewable facility - the Tauhara plant. It is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Produces electricity from plants and distributes gas. Is expanding its portfolio of renewable assets (wind & solar farms + hydro) and options to reduce emissions from Huntly (Battery technology and biomass use). However, in 2023 35% of revenue came from fossil fuel generation - Huntley Power Station (Coal & Gas) and sales of gas from the Kupe field.
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
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.
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.
An Australian oil and gas company with significant operations in natural gas and oil production and exploration. The company has plans for major short term expansion of exploration in Australia, Papua New Guinea, and Alaska. The company’s planned short-term expansion overshoots the IEA Net-Zero Emissions Scenario by 59%.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Owns the Grasberg mine in Indonesia where tailings are disposed directly into a river. Note, this type of disposal is banned in most countries. The pollution causes significant negative impact to the health of indigenous communities and wildlife in a biodiversity hotspot.
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 | $544M NZD |
| Period of data report | 31st March 2025 |
| Fund started | 1st Feb. 2006 |
| Total annual fund fees | 1.61% |
| Total performance based fees | 0.39% |
| Manager's basic fee | 1.02% |
| Other management and administration charges | 0.2% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Murray Doyle |
Currently: Director (19 years, 3 months)
|
|
Campbell Stuart |
Currently: Director (10 years, 1 months)
|
|
Lance Reynolds |
Currently: Director (9 years, 10 months)
|
|
Peter Wright |
Currently: Director (6 years, 0 months)
|
|
David Lane |
Currently: Director (3 years, 6 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
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 |
|---|---|---|
| 2025 | 3.04% | -1.49% |
| 2024 | 12.48% | 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% |
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 31st March 2025.
Cash and Cash Equivalents (NZD)
New Zealand Cash and Equivalents
Amazon.Com Inc
United States International Equities
Meta Platforms Inc
United States International Equities
Visa Inc-Class A Shares
United States International Equities
Infratil Ltd
New Zealand Australasian Equities
Eli Lilly and Company
United States International Equities
Mastercard Inc-Class A
United States International Equities
Mercury NZ Limited
New Zealand Australasian Equities
Microsoft Corporation
United States International Equities
CSL Limited
Australia Australasian Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 23.08% | 11.38% |
| New Zealand Fixed Interest | 3.85% | 4.5% |
| International Fixed Interest | 1.92% | 0.0% |
| Australasian Equities | 38.46% | 45.44% |
| International Equities | 28.85% | 36.4% |
| Listed Properties | 1.92% | 1.99% |
| Unlisted Properties | 0.77% | 0.29% |
| Other | 0.0% | 0.0% |
| Commodities | 1.15% | 0.0% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
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 2025 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.
