Funds

Te Ahumairangi Global Equity Fund

Total Ethical Concerns: 21.90%

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

Companies of Concern

  • Animal Cruelty 5.95%

    • Unilever PLC
      1.12%
      1.12%
    • Henkel AG & Co. Kgaa
      0.99%
      0.99%
    • Koninklijke Ahold Delhaize Nv
      0.73%
      0.73%
    • 0.73%
    • Shell
      0.69%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.69%
    • Colgate-Palmolive Co.
      0.47%
      0.47%
    • Chevron Corp.
      0.31%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.31%
    • Exxon Mobil Corp.
      0.30%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.30%
    • Tosoh Corp.
      0.23%
      0.23%
    • Shin-Etsu Chemical Co., Ltd.
      0.22%
      0.22%
    • Kering SA
      0.16%
      0.16%
  • Human Rights Violations 4.93%

    • Ck Hutchison
      1.18%
      1.18%
    • 0.92%
    • 0.77%
    • Rio Tinto
      0.76%
      0.76%
    • Nestlé
      0.69%
      0.69%
    • General Motors
      0.43%
      0.43%
  • Social Harm 0.78%

  • Fossil Fuels 11.78%

    • National Grid PLC
      1.62%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      1.62%
    • Ck Hutchison
      1.18%
      1.18%
    • Samsung C&T Corp.
      1.09%
      1.09%
    • Totalenergies Se
      0.87%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.87%
    • Rio Tinto
      0.76%
      0.76%
    • Shell
      0.69%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.69%
    • Endesa SA
      0.62%
      1.5°C
      This company is on a 1.5°C pathway
      0.62%
    • Consolidated Edison, Inc.
      0.61%
      0.61%
    • Engie SA
      0.59%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.59%
    • BHP
      0.58%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.58%
    • Centrica PLC
      0.53%
      0.53%
    • The Kansai Electric Power Co., Inc.
      0.50%
      0.50%
    • Enel
      0.37%
      1.5°C
      This company is on a 1.5°C pathway
      0.37%
    • Lg Corp.
      0.35%
      0.35%
    • Osaka Gas
      0.34%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.34%
    • Chevron Corp.
      0.31%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.31%
    • Exxon Mobil Corp.
      0.30%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.30%
    • Duke Energy Corp
      0.27%
      0.27%
    • Air Water, Inc.
      0.20%
      0.20%
  • Weapons 0.57%

    • 0.57%
  • Environmental Harm 4.1%

    • Unilever PLC
      1.12%
      1.12%
    • Wh Group
      0.90%
      0.90%
    • Shell
      0.69%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.69%
    • BHP
      0.58%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.58%
    • Chevron Corp.
      0.31%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.31%
    • Duke Energy Corp
      0.27%
      0.27%
    • PepsiCo
      0.23%
      0.23%

From the Fund Provider

  • About this fund

    About this Fund

    The fund invests in global equities across various listed equity markets and will typically maintain a small weight (0 to 5%) in cash to maintain liquidity / flexibility but will occasionally hold a higher cash weighting if the investment manager considers this appropriate. The fund may use leverage of up to 5% of the aggregate value of its investments, but only for the purposes of providing short-term liquidity. The fund may use forward foreign exchange contracts to tilt the foreign exchange exposures of the portfolio but will typically have over 90% net unhedged exposure to currencies other than the NZ dollar.

    Value $469M NZD
    Period of data report 31st March 2025
    Fund started 4th Nov. 2021
    Total annual fund fees 0.6%
    Total performance based fees 0.0%
    Manager's basic fee 0.6%
    Other management and administration charges 0.0%
    Total other charges 0.0
    Total other charges currency NZD

    Nicholas Bagnall

    Currently: Chief Investment Officer (5 years, 4 months)
    Previously: ACC – Chief Investment Officer (26 years, 0 months)

    Ian Graham

    Currently: Senior Analyst (5 years, 4 months)
    Previously: Scott Technology – Projects and Strategy (2 years, 5 months)

    Jack Crowley

    Currently: Senior Analyst (4 years, 7 months)
    Previously: Jarden – Equity Research Analyst (5 years, 2 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% 17.0%
    2024 15.78% 21.8%
    2023 -4.85% 8.84%

    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

    • Microsoft Corp

      United States International Equities

      3.52%
    • Verizon Communications

      United States International Equities

      3.05%
    • Apple

      United States International Equities

      2.25%
    • Alphabet (Includes 2 Classes Of Security)

      United States International Equities

      1.94%
    • National Grid

      United Kingdom International Equities

      1.62%
    • Everest Group Ltd

      Bermuda International Equities

      1.31%
    • Verisign

      United States International Equities

      1.24%
    • Suntory Beverage and Food

      Japan International Equities

      1.22%
    • Ck Hutchison Holdings

      Cayman Islands International Equities

      1.18%
    • Kb Financial Group

      Korea, Republic of International Equities

      1.13%
    Type Target Actual
    Cash and Cash Equivalents 2.0% 3.81%
    New Zealand Fixed Interest 0.0% 0.0%
    International Fixed Interest 0.0% 0.0%
    Australasian Equities 0.0% 0.7%
    International Equities 98.0% 95.57%
    Listed Properties 0.0% 0.0%
    Unlisted Properties 0.0% 0.0%
    Other 0.0% -0.08%
    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

  • 5.95% Animal Cruelty
  • 4.93% Human Rights Violations
  • 0.78% Social Harm
  • 11.78% Fossil Fuels
  • 0.57% Weapons
  • 4.1% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • Unilever PLC
      1.12%
      1.12%
    • Henkel AG & Co. Kgaa
      0.99%
      0.99%
    • Koninklijke Ahold Delhaize Nv
      0.73%
      0.73%
    • 0.73%
    • Shell
      0.69%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.69%
    • Colgate-Palmolive Co.
      0.47%
      0.47%
    • Chevron Corp.
      0.31%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.31%
    • Exxon Mobil Corp.
      0.30%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.30%
    • Tosoh Corp.
      0.23%
      0.23%
    • Shin-Etsu Chemical Co., Ltd.
      0.22%
      0.22%
    • Kering SA
      0.16%
      0.16%
  • Human Rights Violations

    • Ck Hutchison
      1.18%
      1.18%
    • 0.92%
    • 0.77%
    • Rio Tinto
      0.76%
      0.76%
    • Nestlé
      0.69%
      0.69%
    • General Motors
      0.43%
      0.43%
  • Fossil Fuels

    • National Grid PLC
      1.62%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      1.62%
    • Ck Hutchison
      1.18%
      1.18%
    • Samsung C&T Corp.
      1.09%
      1.09%
    • Totalenergies Se
      0.87%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.87%
    • Rio Tinto
      0.76%
      0.76%
    • Shell
      0.69%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.69%
    • Endesa SA
      0.62%
      1.5°C
      This company is on a 1.5°C pathway
      0.62%
    • Consolidated Edison, Inc.
      0.61%
      0.61%
    • Engie SA
      0.59%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.59%
    • BHP
      0.58%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.58%
    • Centrica PLC
      0.53%
      0.53%
    • The Kansai Electric Power Co., Inc.
      0.50%
      0.50%
    • Enel
      0.37%
      1.5°C
      This company is on a 1.5°C pathway
      0.37%
    • Lg Corp.
      0.35%
      0.35%
    • Osaka Gas
      0.34%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.34%
    • Chevron Corp.
      0.31%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.31%
    • Exxon Mobil Corp.
      0.30%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.30%
    • Duke Energy Corp
      0.27%
      0.27%
    • Air Water, Inc.
      0.20%
      0.20%
  • Weapons

    • 0.57%
  • Environmental Harm

    • Unilever PLC
      1.12%
      1.12%
    • Wh Group
      0.90%
      0.90%
    • Shell
      0.69%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.69%
    • BHP
      0.58%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.58%
    • Chevron Corp.
      0.31%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.31%
    • Duke Energy Corp
      0.27%
      0.27%
    • PepsiCo
      0.23%
      0.23%

About this Fund

The fund invests in global equities across various listed equity markets and will typically maintain a small weight (0 to 5%) in cash to maintain liquidity / flexibility but will occasionally hold a higher cash weighting if the investment manager considers this appropriate. The fund may use leverage of up to 5% of the aggregate value of its investments, but only for the purposes of providing short-term liquidity. The fund may use forward foreign exchange contracts to tilt the foreign exchange exposures of the portfolio but will typically have over 90% net unhedged exposure to currencies other than the NZ dollar.

Value $469M NZD
Period of data report 31st March 2025
Fund started 4th Nov. 2021
Total annual fund fees 0.6%
Total performance based fees 0.0%
Manager's basic fee 0.6%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Nicholas Bagnall

Currently: Chief Investment Officer (5 years, 4 months)
Previously: ACC – Chief Investment Officer (26 years, 0 months)

Ian Graham

Currently: Senior Analyst (5 years, 4 months)
Previously: Scott Technology – Projects and Strategy (2 years, 5 months)

Jack Crowley

Currently: Senior Analyst (4 years, 7 months)
Previously: Jarden – Equity Research Analyst (5 years, 2 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% 17.0%
2024 15.78% 21.8%
2023 -4.85% 8.84%

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

  • Microsoft Corp

    United States International Equities

    3.52%
  • Verizon Communications

    United States International Equities

    3.05%
  • Apple

    United States International Equities

    2.25%
  • Alphabet (Includes 2 Classes Of Security)

    United States International Equities

    1.94%
  • National Grid

    United Kingdom International Equities

    1.62%
  • Everest Group Ltd

    Bermuda International Equities

    1.31%
  • Verisign

    United States International Equities

    1.24%
  • Suntory Beverage and Food

    Japan International Equities

    1.22%
  • Ck Hutchison Holdings

    Cayman Islands International Equities

    1.18%
  • Kb Financial Group

    Korea, Republic of International Equities

    1.13%
Type Target Actual
Cash and Cash Equivalents 2.0% 3.81%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.7%
International Equities 98.0% 95.57%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% -0.08%
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.