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 conservative funds is 3.17%.
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.
The QuayStreet Income Fund will invest in a diversified portfolio with an emphasis on income producing assets such as New Zealand and International fixed interest investments and derivatives. The fund may include an allocation to growth assets. The investment objective is to provide a level of return above the fund's benchmark over the long term. The fund aims to make quarterly distributions.
| Value | $213M NZD |
| Period of data report | 31st March 2025 |
| Fund started | 30th Sept. 2014 |
| Total annual fund fees | 0.76% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.61% |
| Other management and administration charges | 0.15% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Guy Roulston Elliffe |
Currently: Director (9 years, 4 months)
|
|
Alister John Williams |
Currently: Director (9 years, 4 months)
|
|
Stefan Stevanovic |
Currently: Head of International Equities (2 years, 1 months)
|
|
Xavier Waterstone |
Currently: Head of Australasian Equities (2 years, 1 months)
|
|
Craig Smith |
Currently: Portfolio Manager, Fixed Interest (0 years, 11 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 | 3.79% | 4.4% |
| 2024 | 5.86% | 4.39% |
| 2023 | -1.56% | 1.67% |
| 2022 | -0.50% | 0.26% |
| 2021 | 8.70% | 6.4% |
| 2020 | -0.05% | -0.04% |
| 2019 | 4.31% | 5.37% |
| 2018 | 3.39% | 2.98% |
| 2017 | 3.28% | 4.38% |
| 2016 | 2.92% | 4.47% |
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.
Kiwibank Au (Oct 2027)
New Zealand NZ Fixed Interest A+
Chorus (Dec 2028)
New Zealand NZ Fixed Interest BBB
Australian Gas Networks Inflation Linked (Aug 2025)
Australia Int Fixed Interest AA
Goodman Property Trust (Sep 2028)
New Zealand NZ Fixed Interest BBB+
Lend Lease (May 2026)
Australia Int Fixed Interest BBB-
ASB Subordinated Notes (June 2032)
New Zealand NZ Fixed Interest A
Southland Building Society
New Zealand NZ Fixed Interest BBB+
NZ Govt Inflation Linked (Sep 2040)
New Zealand NZ Fixed Interest AAA
Channel Infrastructure NZ (May 2027)
New Zealand NZ Fixed Interest BBB+
Air New Zealand (May 2026)
New Zealand NZ Fixed Interest BBB+
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 10.0% | 4.69% |
| New Zealand Fixed Interest | 35.0% | 58.88% |
| International Fixed Interest | 35.0% | 29.59% |
| Australasian Equities | 10.0% | 3.02% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 10.0% | 3.82% |
| 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 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 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.
The QuayStreet Income Fund will invest in a diversified portfolio with an emphasis on income producing assets such as New Zealand and International fixed interest investments and derivatives. The fund may include an allocation to growth assets. The investment objective is to provide a level of return above the fund's benchmark over the long term. The fund aims to make quarterly distributions.
| Value | $213M NZD |
| Period of data report | 31st March 2025 |
| Fund started | 30th Sept. 2014 |
| Total annual fund fees | 0.76% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.61% |
| Other management and administration charges | 0.15% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Guy Roulston Elliffe |
Currently: Director (9 years, 4 months)
|
|
Alister John Williams |
Currently: Director (9 years, 4 months)
|
|
Stefan Stevanovic |
Currently: Head of International Equities (2 years, 1 months)
|
|
Xavier Waterstone |
Currently: Head of Australasian Equities (2 years, 1 months)
|
|
Craig Smith |
Currently: Portfolio Manager, Fixed Interest (0 years, 11 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 | 3.79% | 4.4% |
| 2024 | 5.86% | 4.39% |
| 2023 | -1.56% | 1.67% |
| 2022 | -0.50% | 0.26% |
| 2021 | 8.70% | 6.4% |
| 2020 | -0.05% | -0.04% |
| 2019 | 4.31% | 5.37% |
| 2018 | 3.39% | 2.98% |
| 2017 | 3.28% | 4.38% |
| 2016 | 2.92% | 4.47% |
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.
Kiwibank Au (Oct 2027)
New Zealand NZ Fixed Interest A+
Chorus (Dec 2028)
New Zealand NZ Fixed Interest BBB
Australian Gas Networks Inflation Linked (Aug 2025)
Australia Int Fixed Interest AA
Goodman Property Trust (Sep 2028)
New Zealand NZ Fixed Interest BBB+
Lend Lease (May 2026)
Australia Int Fixed Interest BBB-
ASB Subordinated Notes (June 2032)
New Zealand NZ Fixed Interest A
Southland Building Society
New Zealand NZ Fixed Interest BBB+
NZ Govt Inflation Linked (Sep 2040)
New Zealand NZ Fixed Interest AAA
Channel Infrastructure NZ (May 2027)
New Zealand NZ Fixed Interest BBB+
Air New Zealand (May 2026)
New Zealand NZ Fixed Interest BBB+
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 10.0% | 4.69% |
| New Zealand Fixed Interest | 35.0% | 58.88% |
| International Fixed Interest | 35.0% | 29.59% |
| Australasian Equities | 10.0% | 3.02% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 10.0% | 3.82% |
| 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 March 2025.
