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

    • Meta Platforms Inc-Class A 1.46%
    • Johnson & Johnson 0.52%
    • Nestle SA-Reg 0.38%
    • Thermo Fisher Scientific Inc 0.30%
    • Wells Fargo & Co 0.28%
    • Caterpillar Inc 0.25%
    • Uber Technologies Inc 0.18%
    • Motorola Solutions Inc 0.17%
    • Ubs Group AG-Reg 0.13%
    • Palantir Technologies Inc-A 0.06%
    • Glencore PLC 0.05%
    • Rio Tinto Ltd 0.04%
    • Li Ning Co Ltd 0.03%
    • Petrochina Co Ltd-H 0.03% !!
      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
    • Rio Tinto PLC 0.03%
    • Adani Ports and Special Econ 0.02%
    • China Petroleum & Chemical-H 0.02% !!
      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
    • Elbit Systems Ltd 0.02%
    • Grupo Mexico Sab De Cv-Ser B 0.02%
    • Oil & Natural Gas Corp Ltd 0.02%
    • Teva Pharmaceutical-Sp Adr 0.02%
    • Bank Hapoalim Bm 0.01%
    • Bank Leumi Le-Israel 0.01%
    • Centrais Eletricas Brasilier 0.01%
    • Israel Discount Bank-A 0.01%
    • Mtn Group Ltd 0.01%
    • Wilmar International Ltd 0.01%
    • Chevron Corp 0.38% !!
      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
    • Shell PLC 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
    • Freeport-Mcmoran Inc 0.09%
    • 3M Co 0.08%
    • Basf Se 0.06%
    • Vale SA 0.06%
    • Corteva Inc 0.05%
    • Glencore PLC 0.05%
    • Archer-Daniels-Midland Co 0.04%
    • Barrick Gold Corp 0.04%
    • Bayer AG-Reg 0.04%
    • Nutrien Ltd 0.04%
    • P G & E Corp 0.04%
    • Posco 0.03%
    • Adani Enterprises Ltd 0.02%
    • Fmc Corp 0.02%
    • Southern Copper Corp 0.02%
    • Zijin Mining Group Co Ltd-H 0.02%
    • Astra International Tbk Pt 0.01%
    • Evergreen Marine Corp Ltd 0.01%
    • Soc Quimica Y Minera Chile-B 0.01%
    • Wh Group Ltd 0.01%
    • Wilmar International Ltd 0.01%
    • Exxon Mobil Corp 0.54% !!
      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
    • Procter & Gamble Co/The 0.50%
    • LVMH Moet Hennessy Louis Vui 0.43%
    • Chevron Corp 0.38% !!
      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
    • L'Oreal 0.33%
    • Shell PLC 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
    • Ecolab Inc 0.20%
    • Unilever PLC 0.17%
    • Givaudan-Reg 0.15%
    • PPG Industries Inc 0.15%
    • Reliance Industries Ltd 0.15% !!
      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
    • Shiseido Co Ltd 0.15%
    • Hermes International 0.12%
    • Sherwin-Williams Co/The 0.12%
    • Asian Paints Ltd 0.11%
    • Shin-Etsu Chemical Co Ltd 0.11%
    • Akzo Nobel N.V. 0.10%
    • Colgate-Palmolive Co 0.10%
    • Intl Flavors & Fragrances 0.10%
    • 3M Co 0.08%
    • Church & Dwight Co Inc 0.08%
    • Henkel AG & Co Kgaa Vor-Pref 0.07%
    • Basf Se 0.06%
    • Dow Inc 0.06%
    • Kimberly-Clark Corp 0.06%
    • Nippon Paint Holdings Co Ltd 0.06%
    • Corteva Inc 0.05%
    • Dupont De Nemours Inc 0.05%
    • Eni Spa 0.05% !!
      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
    • Estee Lauder Companies-Cl A 0.05%
    • Bayer AG-Reg 0.04%
    • Kering 0.04%
    • Koninklijke Ahold Delhaize N 0.04%
    • Nutrien Ltd 0.04%
    • Air Liquide SA 0.03%
    • Cabot Oil & Gas Corp 0.03%
    • Entegris Inc 0.03%
    • Hindustan Unilever Ltd 0.03%
    • Lg H&H 0.03%
    • Novozymes A/S-B Shares 0.03%
    • Otsuka Holdings Co Ltd 0.03%
    • Rentokil Initial PLC 0.03%
    • Albemarle Corp 0.02%
    • Beiersdorf AG 0.02%
    • Celanese Corp 0.02%
    • China Petroleum & Chemical-H 0.02% !!
      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
    • Clorox Company 0.02%
    • Eastman Chemical Co 0.02%
    • Fmc Corp 0.02%
    • Kao Corp 0.02%
    • Moncler Spa 0.02%
    • Rpm International Inc 0.02%
    • Symrise AG 0.02%
    • Tyson Foods Inc-Cl A 0.02%
    • Unicharm Corp 0.02%
    • Arkema 0.01%
    • Covestro AG 0.01%
    • Croda International PLC 0.01%
    • Dcc PLC 0.01%
    • Ems-Chemie Holding AG-Reg 0.01%
    • Groupe Bruxelles Lambert Nv 0.01%
    • Henkel AG & Co Kgaa 0.01%
    • Hormel Foods Corp 0.01%
    • Kikkoman Corp 0.01%
    • Mitsubishi Chemical Group Co 0.01%
    • Mosaic Co/The 0.01%
    • Mowi Asa 0.01%
    • Nan Ya Plastics Corp 0.01%
    • Ricoh Co Ltd 0.01%
    • Swatch Group AG/The-Br 0.01%
    • Yakult Honsha Co Ltd 0.01%
    • Walmart Inc 0.36%
    • Howmet Aerospace Inc 0.15%
    • Mtu Aero Engines AG 0.15%
    • Bharat Electronics Ltd 0.12%
    • Hindustan Aeronautics Ltd 0.10%
    • Transdigm Group Inc 0.10%
    • Amphenol Corp-Cl A 0.09%
    • Heico Corp 0.09%
    • Heico Corp-Class A 0.08%
    • Rolls-Royce Holdings PLC 0.07%
    • Daikin Industries Ltd 0.05%
    • Rheinmetall AG 0.04%
    • Booz Allen Hamilton Holdings 0.03%
    • Dick'S Sporting Goods Inc 0.03%
    • Adani Enterprises Ltd 0.02%
    • Elbit Systems Ltd 0.02%
    • Melrose Industries PLC 0.02%
    • Teledyne Technologies Inc 0.02%
    • Canadian Tire Corp-Class A 0.01%
    • Exxon Mobil Corp 0.54% !!
      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
    • Chevron Corp 0.38% !!
      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
    • Shell PLC 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
    • Total SA 0.21%
    • Conocophillips 0.19% !!
      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
    • BP PLC 0.15% !!
      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
    • Reliance Industries Ltd 0.15% !!
      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
    • Texas Pacific Land Corp 0.12%
    • Valero Energy Corp 0.12%
    • Franco-Nevada Corp 0.11%
    • Marathon Petroleum Corp 0.11%
    • Mitsubishi Corp 0.11% !!
      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
    • Consolidated Edison Inc 0.10%
    • Enbridge Inc 0.10% !!
      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
    • Eog Resources Inc 0.10% !!
      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
    • Iberdrola SA 0.10% 1.5°C
      This company is on a 1.5°C pathway
    • Phillips 66 0.10%
    • Mitsui & Co Ltd 0.09% !!
      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
    • Orsted A/S 0.09% 1.5°C
      This company is on a 1.5°C pathway
    • Constellation Energy 0.08%
    • Neste Oyj 0.08%
    • Pioneer Natural Resources Co 0.08% !!
      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
    • Ampol Ltd 0.07%
    • Itochu Corp 0.07% !!
      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
    • National Grid PLC 0.07% !!
      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
    • Oneok Inc 0.07%
    • Galp Energia Sgps SA 0.06% !!
      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
    • Sempra Energy 0.06% !!
      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
    • Vale SA 0.06%
    • Woodside Energy Group Ltd 0.06% !!
      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
    • Centrica PLC 0.05%
    • Cheniere Energy Inc 0.05% !!
      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
    • Devon Energy Corp 0.05% !!
      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
    • E.On Se 0.05%
    • Eni Spa 0.05% !!
      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
    • Glencore PLC 0.05%
    • Hess Corp 0.05% !!
      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
    • Public Service Enterprise Gp 0.05%
    • Williams Cos Inc 0.05% !!
      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
    • Dassault Systemes Se 0.04%
    • Diamondback Energy Inc 0.04% !!
      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
    • Enel Spa 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Engie 0.04% !!
      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
    • Equinor Asa 0.04% !!
      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
    • Halliburton Co 0.04%
    • Hf Sinclair Corp 0.04%
    • P G & E Corp 0.04%
    • Rio Tinto Ltd 0.04%
    • Eneos Holdings Inc 0.03%
    • Fairfax Financial Hldgs Ltd 0.03%
    • Marubeni Corp 0.03% !!
      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
    • Petrochina Co Ltd-H 0.03% !!
      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
    • Repsol SA 0.03% !!
      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
    • Rio Tinto PLC 0.03%
    • Sumitomo Corp 0.03% !!
      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
    • Targa Resources Corp 0.03%
    • Adani Enterprises Ltd 0.02%
    • Atmos Energy Corp 0.02%
    • Centerpoint Energy Inc 0.02%
    • Chesapeake Energy Corp 0.02% !!
      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
    • China Petroleum & Chemical-H 0.02% !!
      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
    • Ck Hutchison Holdings Ltd 0.02%
    • Eqt Corp 0.02% !!
      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
    • Grupo Mexico Sab De Cv-Ser B 0.02%
    • Inpex Corp 0.02% !!
      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
    • Kansai Electric Power Co Inc 0.02%
    • Lg Corp 0.02%
    • Loews Corp 0.02%
    • Mitsui Osk Lines Ltd 0.02%
    • Nippon Yusen Kk 0.02%
    • Oil & Natural Gas Corp Ltd 0.02%
    • Osaka Gas Co Ltd 0.02% !!
      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
    • Pembina Pipeline Corp 0.02% !!
      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
    • Samsung C&T Corp 0.02%
    • Suncor Energy Inc 0.02% !!
      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
    • Tokyo Gas Co Ltd 0.02% !!
      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
    • Verbund AG 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Weg SA 0.02%
    • Aker BP Asa 0.01% !!
      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
    • Altagas Ltd 0.01%
    • Apa Group 0.01% !!
      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
    • Astra International Tbk Pt 0.01%
    • Centrais Eletricas Brasilier 0.01%
    • Edp-Energias De Portugal SA 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Endesa SA 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Enn Energy Holdings Ltd 0.01%
    • Hong Kong & China Gas 0.01% !!
      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
    • Intertek Group PLC 0.01%
    • OMV AG 0.01% !!
      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
    • Power Assets Holdings Ltd 0.01%
    • Ptt Exploration & Prod-For 0.01% !!
      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
    • Snam Spa 0.01% !!
      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

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 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.

About this fund

The fund invests predominantly in a broad range of international shares listed on developed and emerging market exchanges. The fund maintains reduced carbon exposure compared to the MSCI ACWI Index Net, whilst increasing exposure to renewable energy and taking into account other ESG considerations. Derivatives may be used to implement investment strategies and manage risk. Foreign currency exposures are unhedged.

Value $228M NZD
Period of data report 31st March 2024
Fund started 14th Dec. 2021
Total annual fund fees 0.33%
Total performance based fees 0.0%
Manager's basic fee 0.24%
Other management and administration charges 0.09%
Total other charges 0.0
Total other charges currency NZD

Andrew Zenonos

Currently: Lead Portfolio Manager, Russell Investments (0 years, 10 months)
Previously: Back-up Portfolio Manager, Russell Investments (10 years, 7 months)

James Harwood

Currently: Back-up Portfolio Manager, Russell Investments (0 years, 10 months)
Previously: Senior Portfolio Manager, Proprietary Strategies, Russell Investments (9 years, 6 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2024.

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
2024 14.61% 26.67%
2023 -4.85% 0.37%

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 2024.

Top 10 Investments

  • Microsoft Corp
    United States International Equities
    4.0%
  • Apple Inc
    United States International Equities
    3.42%
  • Nvidia Corp
    United States International Equities
    3.06%
  • Amazon Com Inc
    United States International Equities
    2.19%
  • Meta Platforms Inc
    United States International Equities
    1.46%
  • Alphabet Inc Cap Stk Cl A
    United States International Equities
    1.21%
  • S&P 500 Emini 2406 F
    United States Other
    1.2%
  • Alphabet Inc Cap Cl C
    United States International Equities
    1.07%
  • Lilly (Eli) & Co USD
    United States International Equities
    0.85%
  • Broadcom Corp Com
    United States International Equities
    0.8%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.18%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 1.6%
International Equities 100.0% 94.72%
Listed Properties 0.0% 1.57%
Unlisted Properties 0.0% 0.0%
Other 0.0% 1.94%
Commodities 0.0% 0.0%

Investment Mix

How the money in this fund is invested against the fund's targets.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2024.