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 1.06%
    • Johnson & Johnson 0.60%
    • Nestle SA-Reg 0.43%
    • Thermo Fisher Scientific Inc 0.31%
    • Wells Fargo & Co 0.25%
    • Caterpillar Inc 0.22%
    • Motorola Solutions Inc 0.17%
    • Uber Technologies Inc 0.14%
    • Glencore PLC 0.05%
    • Li Ning Co Ltd 0.05%
    • Rio Tinto Ltd 0.04%
    • 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
    • Bank Hapoalim Bm 0.02%
    • Bank Leumi Le-Israel 0.02%
    • Centrais Eletricas Brasilier 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%
    • Israel Discount Bank-A 0.02%
    • Mizrahi Tefahot Bank Ltd 0.02%
    • Mtn Group Ltd 0.02%
    • Oil & Natural Gas Corp Ltd 0.02%
    • Wilmar International Ltd 0.02%
    • Alstom 0.01%
    • Formosa Chemicals & Fibre 0.01%
    • Chevron Corp 0.49% !!
      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 0.35% !!
      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
    • 3M Co 0.10%
    • Freeport-Mcmoran Inc 0.08%
    • Archer-Daniels-Midland Co 0.07%
    • Basf Se 0.07%
    • Bayer AG-Reg 0.07%
    • Vale SA 0.07%
    • Corteva Inc 0.06%
    • Nutrien Ltd 0.06%
    • Glencore PLC 0.05%
    • P G & E Corp 0.05%
    • Barrick Gold Corp 0.04%
    • Fmc Corp 0.03%
    • Adani Enterprises Ltd 0.02%
    • Astra International Tbk Pt 0.02%
    • Bunge Ltd 0.02%
    • Newcrest Mining Ltd 0.02%
    • Soc Quimica Y Minera Chile-B 0.02%
    • Wilmar International Ltd 0.02%
    • Zijin Mining Group Co Ltd-H 0.02%
    • Nissan Chemical Corp 0.01%
    • Exxon Mobil Corp 0.61% !!
      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 0.55%
    • Chevron Corp 0.49% !!
      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 0.35% !!
      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
    • LVMH Moet Hennessy Louis Vui 0.33%
    • Unilever PLC 0.20%
    • Ecolab Inc 0.19%
    • PPG Industries Inc 0.18%
    • Asian Paints Ltd 0.16%
    • L'Oreal 0.16%
    • Reliance Industries Ltd 0.14% !!
      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
    • Akzo Nobel N.V. 0.13%
    • Sk Innovation Co Ltd 0.12% !!
      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
    • Colgate-Palmolive Co 0.11%
    • Sherwin-Williams Co/The 0.11%
    • 3M Co 0.10%
    • Hermes International 0.10%
    • Intl Flavors & Fragrances 0.10%
    • Church & Dwight Co Inc 0.09%
    • Shin-Etsu Chemical Co Ltd 0.09%
    • Nippon Paint Holdings Co Ltd 0.08%
    • Basf Se 0.07%
    • Bayer AG-Reg 0.07%
    • Shiseido Co Ltd 0.07%
    • Corteva Inc 0.06%
    • Dow Inc 0.06%
    • Dupont De Nemours Inc 0.06%
    • Eni Spa 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
    • Estee Lauder Companies-Cl A 0.06%
    • Kering 0.06%
    • Kimberly-Clark Corp 0.06%
    • Nutrien Ltd 0.06%
    • Albemarle Corp 0.05%
    • Givaudan-Reg 0.05%
    • Koninklijke Ahold Delhaize N 0.05%
    • Lg H&H 0.05%
    • Rentokil Initial PLC 0.05%
    • Hindustan Unilever Ltd 0.04%
    • Clorox Company 0.03%
    • Fmc Corp 0.03%
    • Kao Corp 0.03%
    • Koninklijke Dsm Nv 0.03%
    • Beiersdorf AG 0.02%
    • Burberry Group PLC 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
    • Covestro AG 0.02%
    • Eastman Chemical Co 0.02%
    • Entegris Inc 0.02%
    • Henkel AG & Co Kgaa 0.02%
    • Henkel AG & Co Kgaa Vor-Pref 0.02%
    • Hormel Foods Corp 0.02%
    • Mitsubishi Chemical Group Co 0.02%
    • Moncler Spa 0.02%
    • Mosaic Co/The 0.02%
    • Nan Ya Plastics Corp 0.02%
    • Otsuka Holdings Co Ltd 0.02%
    • Ricoh Co Ltd 0.02%
    • Rpm International Inc 0.02%
    • Swatch Group AG/The-Br 0.02%
    • Symrise AG 0.02%
    • Tyson Foods Inc-Cl A 0.02%
    • Unicharm Corp 0.02%
    • Yakult Honsha Co Ltd 0.02%
    • Arkema 0.01%
    • Chr Hansen Holding A/S 0.01%
    • Croda International PLC 0.01%
    • Dcc PLC 0.01%
    • Ems-Chemie Holding AG-Reg 0.01%
    • Evonik Industries AG 0.01%
    • Formosa Chemicals & Fibre 0.01%
    • Groupe Bruxelles Lambert Nv 0.01%
    • Icl Group Ltd 0.01%
    • Kikkoman Corp 0.01%
    • Mowi Asa 0.01%
    • Nissan Chemical Corp 0.01%
    • Novozymes A/S-B Shares 0.01%
    • Sumitomo Chemical Co Ltd 0.01%
    • Walmart Inc 0.38%
    • Mtu Aero Engines AG 0.12%
    • Bharat Electronics Ltd 0.11%
    • Heico Corp-Class A 0.09%
    • Amphenol Corp-Cl A 0.08%
    • Transdigm Group Inc 0.08%
    • Daikin Industries Ltd 0.07%
    • Heico Corp 0.07%
    • Rolls-Royce Holdings PLC 0.04%
    • Howmet Aerospace Inc 0.03%
    • Teledyne Technologies Inc 0.03%
    • Adani Enterprises Ltd 0.02%
    • Booz Allen Hamilton Holdings 0.02%
    • Dick'S Sporting Goods Inc 0.02%
    • Elbit Systems Ltd 0.02%
    • Rheinmetall AG 0.02%
    • Canadian Tire Corp-Class A 0.01%
    • Icl Group Ltd 0.01%
    • Melrose Industries PLC 0.01%
    • Exxon Mobil Corp 0.61% !!
      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 0.49% !!
      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 0.35% !!
      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 0.28%
    • BP PLC 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
    • Texas Pacific Land Corp 0.17%
    • Franco-Nevada Corp 0.16%
    • Consolidated Edison Inc 0.14%
    • Reliance Industries Ltd 0.14% !!
      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
    • Neste Oyj 0.13%
    • Sk Innovation Co Ltd 0.12% !!
      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 0.11% !!
      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
    • Iberdrola SA 0.11% 1.5°C
      This company is on a 1.5°C pathway
    • Marathon Petroleum Corp 0.11%
    • 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
    • Pioneer Natural Resources Co 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
    • Conocophillips 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
    • Ampol Ltd 0.08%
    • Enel Spa 0.08% 1.5°C
      This company is on a 1.5°C pathway
    • Mitsubishi Corp 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
    • Orsted A/S 0.08% 1.5°C
      This company is on a 1.5°C pathway
    • Parkland Corp 0.08%
    • Phillips 66 0.08%
    • Suncor Energy Inc 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
    • Valero Energy Corp 0.08%
    • Centrica PLC 0.07%
    • Cheniere Energy Inc 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
    • Equinor Asa 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
    • Galp Energia Sgps SA 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
    • Hess 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
    • 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
    • Mitsui & Co Ltd 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
    • Sempra Energy 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
    • Vale SA 0.07%
    • Woodside Energy Group Ltd 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
    • Constellation Energy 0.06%
    • Devon Energy Corp 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
    • E.On Se 0.06%
    • Eni Spa 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
    • Halliburton Co 0.06%
    • Hf Sinclair Corp 0.06%
    • Oneok Inc 0.06%
    • Williams Cos Inc 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
    • Compagnie De Saint Gobain 0.05%
    • Engie 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%
    • P G & E Corp 0.05%
    • Public Service Enterprise Gp 0.05%
    • 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
    • Marubeni Corp 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
    • Repsol SA 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
    • Rio Tinto Ltd 0.04%
    • Sumitomo Corp 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
    • Centerpoint Energy Inc 0.03%
    • Eneos Holdings Inc 0.03%
    • Fairfax Financial Hldgs Ltd 0.03%
    • Kansai Electric Power Co Inc 0.03%
    • Pembina Pipeline 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
    • Targa Resources Corp 0.03%
    • Verbund AG 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Adani Enterprises Ltd 0.02%
    • Altagas Ltd 0.02%
    • Apa Group 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
    • Astra International Tbk Pt 0.02%
    • Atmos Energy Corp 0.02%
    • Centrais Eletricas Brasilier 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
    • Citic Ltd 0.02%
    • Ck Hutchison Holdings Ltd 0.02%
    • Edp-Energias De Portugal SA 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Endesa SA 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Enn Energy Holdings Ltd 0.02%
    • Grupo Mexico Sab De Cv-Ser B 0.02%
    • Jardine Matheson Hldgs Ltd 0.02%
    • Loews Corp 0.02%
    • Mitsui Osk Lines Ltd 0.02%
    • Nippon Yusen Kk 0.02%
    • Oil & Natural Gas Corp Ltd 0.02%
    • OMV AG 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
    • 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
    • Ptt Exploration & Prod-For 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
    • Snam Spa 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
    • Weg SA 0.02%
    • Citic Securities Co Ltd-H 0.01%
    • Enagas SA 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
    • 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%
    • Northland Power Inc 0.01%
    • Power Assets Holdings Ltd 0.01%
    • Samsung C&T Corp 0.01%
    • Sumitomo Chemical Co Ltd 0.01%

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. 2023 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 stock exchanges in developed and emerging international markets. The fund will maintain a reduced carbon exposure compared to the Benchmark, whilst also increasing exposure to renewable energy and taking into account other ESG considerations such as the exclusion of controversial weapons, firearms, uranium and tobacco companies. Derivatives may be used to obtain or reduce exposure to securities and markets, to implement investment strategies and to manage risk. Foreign currency exposures are unhedged.

Value $176M NZD
Period of data report 30th Sept. 2023
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, 4 months)
Previously: Back-up Portfolio Manager, Russell Investments (10 years, 7 months)

James Harwood

Currently: Back-up Portfolio Manager, Russell Investments (0 years, 4 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 30th Sept. 2023.

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
2023 -5.17% 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 30th Sept. 2023.

Top 10 Investments

  • Apple Inc
    United States International Equities
    4.32%
  • Microsoft Corp
    United States International Equities
    3.56%
  • S&P 500 Emini 2312 F
    United States International Equities
    1.92%
  • Amazon Com Inc
    United States International Equities
    1.85%
  • Nvidia Corp
    United States International Equities
    1.71%
  • Alphabet Inc Cap Stk Cl A
    United States International Equities
    1.24%
  • Tesla Inc
    United States International Equities
    1.14%
  • Alphabet Inc Cap Cl C
    United States International Equities
    1.1%
  • Facebook Inc Com USD Cl A
    United States International Equities
    1.06%
  • Nyl Msci Eafe 2312 F
    United States International Equities
    0.8%
Type Target Actual
Cash and Cash Equivalents 0.0% -0.75%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 1.74%
International Equities 100.0% 97.32%
Listed Properties 0.0% 1.75%
Unlisted Properties 0.0% 0.0%
Other 0.0% -0.05%
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 30th Sept. 2023.