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 balanced funds is 8.32%.
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.
L'Oréal is a personal care company and cosmetics company concentrating on hair colour, skin care, sun protection, make-up, perfume, and hair care. The company states that its products are sold in countries where animal testing of cosmetic products is required by law.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
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.
The guiding philosophy of the Socially Responsible Investment Fund is to endeavour to have a diversified portfolio of investments that are considered to be environmentally and socially sustainable, whilst still applying our traditional portfolio investment criteria. The fund invests in fixed interest and growth assets which are selected in accordance with our Socially Responsible Investment Policy (SRI Policy). The SRI Policy contains information relating to the benefits of investing in the Socially Responsible Investment Fund and is available on the offer register, disclose-register.Companiesoffice.Govt.Nz and the QuayStreet website, quaystreet.Com/socially-responsible-investment-process.
| Value | $86.7M NZD |
| Period of data report | 31st Dec. 2024 |
| Fund started | 31st Oct. 2007 |
| Total annual fund fees | 1.02% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.86% |
| Other management and administration charges | 0.16% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Guy Roulston Elliffe |
Currently: Director (9 years, 1 months)
|
|
Alister John Williams |
Currently: Director (9 years, 1 months)
|
|
Stefan Stevanovic |
Currently: Head of International Equities (1 years, 10 months)
|
|
Xavier Waterstone |
Currently: Head of Australasian Equities (1 years, 10 months)
|
|
Craig Smith |
Currently: Portfolio Manager, Fixed Interest (0 years, 8 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2024.
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 | 9.61% | 15.51% |
| 2023 | -2.59% | 1.23% |
| 2022 | 1.06% | 1.38% |
| 2021 | 18.16% | 14.65% |
| 2020 | -1.83% | 0.83% |
| 2019 | 4.49% | 3.76% |
| 2018 | 4.41% | 4.51% |
| 2017 | 5.71% | 5.23% |
| 2016 | 3.06% | 1.95% |
| 2015 | 8.56% | 10.74% |
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. 2024.
NZ Govt Inflation Linked (Sep 2030)
New Zealand NZ Fixed Interest AAA
Kiwibank Td 4.52% 27/05/2025
New Zealand Cash and Equivalents A
Cash Citibank (USD)
New Zealand Cash and Equivalents BBB+
Alphabet
United States International Equities
Cash ANZNZ (NZD)
New Zealand Cash and Equivalents AA-
Cash Citibank (AUD)
New Zealand Cash and Equivalents BBB+
Apple
United States International Equities
Microsoft
United States International Equities
Cash Citibank (EUR)
New Zealand Cash and Equivalents BBB+
Kiwibank Perpetual Capital Notes
New Zealand NZ Fixed Interest BB+
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 10.0% | 14.65% |
| New Zealand Fixed Interest | 20.0% | 27.36% |
| International Fixed Interest | 10.0% | 0.0% |
| Australasian Equities | 20.0% | 17.55% |
| International Equities | 40.0% | 38.82% |
| Listed Properties | 0.0% | 1.61% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 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 Dec. 2024.
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. 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.
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.
L'Oréal is a personal care company and cosmetics company concentrating on hair colour, skin care, sun protection, make-up, perfume, and hair care. The company states that its products are sold in countries where animal testing of cosmetic products is required by law.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
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.
The guiding philosophy of the Socially Responsible Investment Fund is to endeavour to have a diversified portfolio of investments that are considered to be environmentally and socially sustainable, whilst still applying our traditional portfolio investment criteria. The fund invests in fixed interest and growth assets which are selected in accordance with our Socially Responsible Investment Policy (SRI Policy). The SRI Policy contains information relating to the benefits of investing in the Socially Responsible Investment Fund and is available on the offer register, disclose-register.Companiesoffice.Govt.Nz and the QuayStreet website, quaystreet.Com/socially-responsible-investment-process.
| Value | $86.7M NZD |
| Period of data report | 31st Dec. 2024 |
| Fund started | 31st Oct. 2007 |
| Total annual fund fees | 1.02% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.86% |
| Other management and administration charges | 0.16% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Guy Roulston Elliffe |
Currently: Director (9 years, 1 months)
|
|
Alister John Williams |
Currently: Director (9 years, 1 months)
|
|
Stefan Stevanovic |
Currently: Head of International Equities (1 years, 10 months)
|
|
Xavier Waterstone |
Currently: Head of Australasian Equities (1 years, 10 months)
|
|
Craig Smith |
Currently: Portfolio Manager, Fixed Interest (0 years, 8 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2024.
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 | 9.61% | 15.51% |
| 2023 | -2.59% | 1.23% |
| 2022 | 1.06% | 1.38% |
| 2021 | 18.16% | 14.65% |
| 2020 | -1.83% | 0.83% |
| 2019 | 4.49% | 3.76% |
| 2018 | 4.41% | 4.51% |
| 2017 | 5.71% | 5.23% |
| 2016 | 3.06% | 1.95% |
| 2015 | 8.56% | 10.74% |
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. 2024.
NZ Govt Inflation Linked (Sep 2030)
New Zealand NZ Fixed Interest AAA
Kiwibank Td 4.52% 27/05/2025
New Zealand Cash and Equivalents A
Cash Citibank (USD)
New Zealand Cash and Equivalents BBB+
Alphabet
United States International Equities
Cash ANZNZ (NZD)
New Zealand Cash and Equivalents AA-
Cash Citibank (AUD)
New Zealand Cash and Equivalents BBB+
Apple
United States International Equities
Microsoft
United States International Equities
Cash Citibank (EUR)
New Zealand Cash and Equivalents BBB+
Kiwibank Perpetual Capital Notes
New Zealand NZ Fixed Interest BB+
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 10.0% | 14.65% |
| New Zealand Fixed Interest | 20.0% | 27.36% |
| International Fixed Interest | 10.0% | 0.0% |
| Australasian Equities | 20.0% | 17.55% |
| International Equities | 40.0% | 38.82% |
| Listed Properties | 0.0% | 1.61% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 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 Dec. 2024.
