Harbour Sustainable Impact Fund
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 growth funds is 5.45%.
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.
Diversified personal-care, homecare, and packaged food company. The company states that its products are sold in countries where animal testing of cosmetic products is required by law.
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. Thermo Fisher DNA testing kits have been linked to surveillance and discriminatory purposes by the legal authorities in Xinjiang (a region of China) for monitoring and tracking the Muslim Uyghur ethnic group and other minorities. Evidence shows Thermo Fisher Scientific continues to supply DNA sequencing products to the Xinjiang region, despite the company announcing it would halt sales to the region in 2019.
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.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Iberdrola is a Spanish energy company, and one of the largest utilities in the world with electric utility operations in nearly 40 countries. Evidence shows that energy generated from oil and gas accounts for 15% of the company’s revenues. However, the company currently generates 80% of their electricity from renewable sources and have committed to achieving net-zero emissions by 2040. The company reports a total investment of EUR €150 billion is planned for this decade to enable its energy transition. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Operates electric and natural gas transmission systems in the UK and US. It also operates facilities for storing LNG. including the Grain LNG terminal in the UK which is the largest LNG facility in Europe and 8th globally.
Instead of beginning with a list of negative exclusions, the Fund’s selection process starts by identifying companies that are making a positive impact, defined as making a contribution to at least one of the UN Sustainable Development Goals.
The team subjects potential investments to a ‘do no significant harm’ test. At times assessments differ from third-party screens such as that used by Mindful Money. The Harbour Sustainable Impact Fund provides full transparency, describing the impact rationale for each holding, and any controversial holdings, in its annual impact report, found on Harbour Asset Management’s website.
The Fund is designed to provide investors with exposure to a diversified range of global and domestic investments which make a positive environmental or social impact while aiming to exceed the return benchmark. All investments assessed against the United Nations Sustainable Development Goals (SDGs). The Fund invests approximately 60% invested in growth assets such as impact global and domestic public and private equities and approximately 40% into more defensive assets, predominantly impact and green bonds that meet our research criteria. The Manager will use active management to enhance returns and manage downside risks.
Founded in Wellington in 2009, Harbour Asset Management is one of New Zealand’s most highly rated investment managers. We take pride in delivering market-leading investment outcomes for our clients. Harbour’s approach to investing is simple: all of our investment decisions must be backed by research. Sustainability is an integral part of both our investment process and our team values. Harbour is a market leader for integrating ESG research into our investment process, and we have been signatories to the UN Principles of Responsible Investment since August 2010.
| Value | $8.47M NZD |
| Period of data report | 31st Dec. 2024 |
| Fund started | 30th Nov. 2021 |
| Total annual fund fees | 1.31% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.9% |
| Other management and administration charges | 0.41% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Simon Pannett |
Currently: Director, Senior Credit Analyst (11 years, 5 months)
|
|
Chris Di Leva |
Currently: Director, Portfolio Manager (6 years, 2 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 | 12.57% | 5.59% |
| 2023 | -4.05% | -2.29% |
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. 2024.
Mirova Global Sustainable Equity Fund
United States International Equities
T.Rowe Price Global Impact Equity Fund
United States International Equities
CSL
Australia Australasian Equities
ANZ NZD Cash
New Zealand Cash and Equivalents A-1+
Macquarie Group
Australia Australasian Equities
Resmed
Australia Australasian Equities
Contact Energy
New Zealand Australasian Equities
Spark Finance Limited 29/09/2028 4.37%
New Zealand NZ Fixed Interest A-
NZ Government Stock 15/05/2034 4.25%
New Zealand NZ Fixed Interest AAA
Transpower NZ Limited 08/09/26 2.047%
New Zealand NZ Fixed Interest AA
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 5.25% |
| New Zealand Fixed Interest | 25.0% | 33.74% |
| International Fixed Interest | 0.0% | 0.85% |
| Australasian Equities | 30.0% | 22.97% |
| International Equities | 30.0% | 35.67% |
| Listed Properties | 10.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 1.52% |
| 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 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.
Diversified personal-care, homecare, and packaged food company. The company states that its products are sold in countries where animal testing of cosmetic products is required by law.
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. Thermo Fisher DNA testing kits have been linked to surveillance and discriminatory purposes by the legal authorities in Xinjiang (a region of China) for monitoring and tracking the Muslim Uyghur ethnic group and other minorities. Evidence shows Thermo Fisher Scientific continues to supply DNA sequencing products to the Xinjiang region, despite the company announcing it would halt sales to the region in 2019.
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.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Iberdrola is a Spanish energy company, and one of the largest utilities in the world with electric utility operations in nearly 40 countries. Evidence shows that energy generated from oil and gas accounts for 15% of the company’s revenues. However, the company currently generates 80% of their electricity from renewable sources and have committed to achieving net-zero emissions by 2040. The company reports a total investment of EUR €150 billion is planned for this decade to enable its energy transition. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Operates electric and natural gas transmission systems in the UK and US. It also operates facilities for storing LNG. including the Grain LNG terminal in the UK which is the largest LNG facility in Europe and 8th globally.
Instead of beginning with a list of negative exclusions, the Fund’s selection process starts by identifying companies that are making a positive impact, defined as making a contribution to at least one of the UN Sustainable Development Goals.
The team subjects potential investments to a ‘do no significant harm’ test. At times assessments differ from third-party screens such as that used by Mindful Money. The Harbour Sustainable Impact Fund provides full transparency, describing the impact rationale for each holding, and any controversial holdings, in its annual impact report, found on Harbour Asset Management’s website.
The Fund is designed to provide investors with exposure to a diversified range of global and domestic investments which make a positive environmental or social impact while aiming to exceed the return benchmark. All investments assessed against the United Nations Sustainable Development Goals (SDGs). The Fund invests approximately 60% invested in growth assets such as impact global and domestic public and private equities and approximately 40% into more defensive assets, predominantly impact and green bonds that meet our research criteria. The Manager will use active management to enhance returns and manage downside risks.
Founded in Wellington in 2009, Harbour Asset Management is one of New Zealand’s most highly rated investment managers. We take pride in delivering market-leading investment outcomes for our clients. Harbour’s approach to investing is simple: all of our investment decisions must be backed by research. Sustainability is an integral part of both our investment process and our team values. Harbour is a market leader for integrating ESG research into our investment process, and we have been signatories to the UN Principles of Responsible Investment since August 2010.
| Value | $8.47M NZD |
| Period of data report | 31st Dec. 2024 |
| Fund started | 30th Nov. 2021 |
| Total annual fund fees | 1.31% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.9% |
| Other management and administration charges | 0.41% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Simon Pannett |
Currently: Director, Senior Credit Analyst (11 years, 5 months)
|
|
Chris Di Leva |
Currently: Director, Portfolio Manager (6 years, 2 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 | 12.57% | 5.59% |
| 2023 | -4.05% | -2.29% |
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. 2024.
Mirova Global Sustainable Equity Fund
United States International Equities
T.Rowe Price Global Impact Equity Fund
United States International Equities
CSL
Australia Australasian Equities
ANZ NZD Cash
New Zealand Cash and Equivalents A-1+
Macquarie Group
Australia Australasian Equities
Resmed
Australia Australasian Equities
Contact Energy
New Zealand Australasian Equities
Spark Finance Limited 29/09/2028 4.37%
New Zealand NZ Fixed Interest A-
NZ Government Stock 15/05/2034 4.25%
New Zealand NZ Fixed Interest AAA
Transpower NZ Limited 08/09/26 2.047%
New Zealand NZ Fixed Interest AA
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 5.25% |
| New Zealand Fixed Interest | 25.0% | 33.74% |
| International Fixed Interest | 0.0% | 0.85% |
| Australasian Equities | 30.0% | 22.97% |
| International Equities | 30.0% | 35.67% |
| Listed Properties | 10.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 1.52% |
| 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.
