Funds
AE Investor
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
Animal Cruelty
-
Ecolab, Inc. 0.94%
Animal Testing
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.
-
Ecolab, Inc. 0.94%
Fund Provider Response
As part of EcoLab’s Global Animal Welfare Policy, they are committed to animal testing alternatives. EcoLab has devised methods to refine, reduce, and ultimately replace animal testing in the future. Animal testing is only required by law or regulatory agencies if the science for nonanimal testing doesn’t exist, or if nonanimal testing has yet to be approved. When hazards cannot be identified using nonanimal testing, animal testing must be pre-approved by the internal Ecolab Animal Welfare Board if not already required by law or regulatory agencies. EcoLab’s mission is to create safer, healthier, and cleaner environments.
This data is compiled by Mindful Money from the fund information and portfolios
that each fund has
filed with the Disclose register to 30th Sept. 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
In their own words
The objective of AE Investor is to invest in listed equities with the purpose of achieving long term capital appreciation. This fund may be suitable for those investors wanting an ethical investment option, including those who must invest in accordance with Shari’ah law compliance.
Always-Ethical is a boutique fund management group based in Auckland, New Zealand. We specialise in providing ethical investment solutions to New Zealand and international investors. Always-Ethical currently offers two ethical investment products: AE Investor and AE KiwiSaver Plan.
| Value | $44.0M USD |
| Period of data report | 31st Dec. 2023 |
| Fund started | 1st Sept. 2013 |
| Total annual fund fees | 2.99% |
| Total performance based fees | 0.4% |
| Manager's basic fee | 1.25% |
| Other management and administration charges | 1.34% |
| Total other charges | 0.0 |
| Total other charges currency | USD |
Key Personnel
|
Gregory Fortuin |
Currently: Board Chair (10 years, 4 months) |
|
Brian Henry |
Currently: Director/Management Committee (10 years, 4 months) |
|
Dennis Gates |
Currently: Director/Management Committee (2 years, 10 months) |
|
Robert Knox |
Currently: Investment Committee Chair (10 years, 4 months) |
|
Sandra Clark |
Currently: CEO/Management Committee (3 years, 10 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 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 | -4.94% | -1.5% |
| 2022 | 1.99% | 4.2% |
| 2021 | 33.68% | 30.52% |
| 2020 | -4.45% | 8.45% |
| 2019 | 6.12% | 5.9% |
| 2018 | 8.66% | 1.76% |
| 2017 | 7.20% | 2.44% |
| 2016 | 5.40% | -2.17% |
| 2015 | 12.09% | 4.29% |
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 Dec. 2023.
Top 10 Investments
-
Jpmorgan
United States Cash and Equivalents A-64.92% -
ANZ Bank
New Zealand Cash and Equivalents AA-4.78% -
O'Reilly Automotive, Inc.
United States International Equities4.36% -
Eli Lilly and Company
United States International Equities3.64% -
Cadence Design Systems, Inc.
United States International Equities2.35% -
Lam Research Corporation
United States International Equities1.85% -
Apple Inc.
United States International Equities1.68% -
Quanta Services, Inc.
United States International Equities1.51% -
Adobe Systems Incorporated
United States International Equities1.41% -
Reliance Steel & Aluminum Co.
United States International Equities1.32%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 20.0% | 30.3% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 80.0% | 69.7% |
| 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.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2023.