Funds

Elevation Capital Global Shares Fund

Total Ethical Concerns: 39.68%

The average total concerns of all managed aggressive funds is 12.02%.

Companies of Concern

  • Animal Cruelty 23.15%

    • Hermès International Sca
      3.65%
      3.65%
    • Kering SA
      3.43%
      3.43%
    • L'Oréal SA
      2.60%
      2.60%
    • Burberry Group PLC
      2.44%
      2.44%
    • The Swatch Group AG
      2.40%
      2.40%
    • Christian Dior Se
      2.00%
      2.00%
    • Unilever PLC
      0.42%
      0.42%
  • Human Rights Violations 2.68%

    • 2.42%
  • Social Harm 13.85%

  • Environmental Harm 0.42%

    • Unilever PLC
      0.42%
      0.42%

From the Fund Provider

  • About this fund

    About this Fund

    The Fund mainly invests in the shares of listed companies, although it may invest in unlisted companies up to total limit of 10% of Net Asset Value of the Fund. The companies we invest in may be based and operate anywhere in the world. The principal objective of the Fund is to achieve positive absolute returns after fees and expenses, but before tax over the long term (that is a period of at least five years). The investment objectives and policy for the Fund are broadly drafted so as to provide us with the mandate to seek on behalf of investors long-term income and capital growth by directly investing in equities on a global basis.

    Value $25.2M NZD
    Period of data report 31st March 2025
    Fund started 9th Dec. 2008
    Total annual fund fees 1.81%
    Total performance based fees 0.0%
    Manager's basic fee 1.27%
    Other management and administration charges 0.54%
    Total other charges 0.0
    Total other charges currency NZD

    Christopher Swasbrook

    Currently: Portfolio Manager and Director - Elevation Capital Funds Management Limited (16 years, 3 months)
    Previously: Co-Head Institutional Equities, Goldman Sachs JB Were (NZ) Limited. Partner, Goldman Sachs (Pty) Limited. (9 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 Returns

    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
    2025 4.07% -4.47%
    2024 15.78% 7.29%
    2023 -4.85% 0.51%
    2022 3.53% 3.19%
    2021 35.55% 65.13%
    2020 -7.06% -9.63%
    2019 10.17% -1.85%
    2018 7.53% -4.79%
    2017 9.49% 14.48%
    2016 4.71% 7.77%

    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.

  • Investments

    Top 10 Investments

    • Estee Lauder Cos Inc/The

      United States International Equities

      4.05%
    • Warner Bros Discovery Inc

      United States International Equities

      3.76%
    • Remy Cointreau

      France International Equities

      3.67%
    • Hermes International

      France International Equities

      3.65%
    • Adobe Systems Inc

      United States International Equities

      3.63%
    • Kering

      France International Equities

      3.43%
    • Alphabet Inc Class A

      United States International Equities

      3.25%
    • Dr Martens PLC

      United Kingdom International Equities

      2.99%
    • Fevertree Drinks PLC

      United Kingdom International Equities

      2.94%
    • Spotify Technology SA

      Luxembourg International Equities

      2.89%
    Type Target Actual
    Cash and Cash Equivalents 5.0% 2.01%
    New Zealand Fixed Interest 0.0% 0.0%
    International Fixed Interest 0.0% 0.0%
    Australasian Equities 0.0% 4.06%
    International Equities 95.0% 93.93%
    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 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.

Issues of Concern

  • 23.15% Animal Cruelty
  • 2.68% Human Rights Violations
  • 13.85% Social Harm
  • 0.0% Fossil Fuels
  • 0.0% Weapons
  • 0.42% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • Hermès International Sca
      3.65%
      3.65%
    • Kering SA
      3.43%
      3.43%
    • L'Oréal SA
      2.60%
      2.60%
    • Burberry Group PLC
      2.44%
      2.44%
    • The Swatch Group AG
      2.40%
      2.40%
    • Christian Dior Se
      2.00%
      2.00%
    • Unilever PLC
      0.42%
      0.42%
  • Human Rights Violations

    • 2.42%
  • Environmental Harm

    • Unilever PLC
      0.42%
      0.42%

About this Fund

The Fund mainly invests in the shares of listed companies, although it may invest in unlisted companies up to total limit of 10% of Net Asset Value of the Fund. The companies we invest in may be based and operate anywhere in the world. The principal objective of the Fund is to achieve positive absolute returns after fees and expenses, but before tax over the long term (that is a period of at least five years). The investment objectives and policy for the Fund are broadly drafted so as to provide us with the mandate to seek on behalf of investors long-term income and capital growth by directly investing in equities on a global basis.

Value $25.2M NZD
Period of data report 31st March 2025
Fund started 9th Dec. 2008
Total annual fund fees 1.81%
Total performance based fees 0.0%
Manager's basic fee 1.27%
Other management and administration charges 0.54%
Total other charges 0.0
Total other charges currency NZD

Christopher Swasbrook

Currently: Portfolio Manager and Director - Elevation Capital Funds Management Limited (16 years, 3 months)
Previously: Co-Head Institutional Equities, Goldman Sachs JB Were (NZ) Limited. Partner, Goldman Sachs (Pty) Limited. (9 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 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
2025 4.07% -4.47%
2024 15.78% 7.29%
2023 -4.85% 0.51%
2022 3.53% 3.19%
2021 35.55% 65.13%
2020 -7.06% -9.63%
2019 10.17% -1.85%
2018 7.53% -4.79%
2017 9.49% 14.48%
2016 4.71% 7.77%

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.

Top 10 Investments

  • Estee Lauder Cos Inc/The

    United States International Equities

    4.05%
  • Warner Bros Discovery Inc

    United States International Equities

    3.76%
  • Remy Cointreau

    France International Equities

    3.67%
  • Hermes International

    France International Equities

    3.65%
  • Adobe Systems Inc

    United States International Equities

    3.63%
  • Kering

    France International Equities

    3.43%
  • Alphabet Inc Class A

    United States International Equities

    3.25%
  • Dr Martens PLC

    United Kingdom International Equities

    2.99%
  • Fevertree Drinks PLC

    United Kingdom International Equities

    2.94%
  • Spotify Technology SA

    Luxembourg International Equities

    2.89%
Type Target Actual
Cash and Cash Equivalents 5.0% 2.01%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 4.06%
International Equities 95.0% 93.93%
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 by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.