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. 1.56%
    • Johnson & Johnson 0.47%
    • Nestlé 0.32%
    • Thermo Fisher Scientific 0.29%
    • Wells Fargo 0.24%
    • Caterpillar 0.23%
    • Uber Technologies, Inc. 0.17%
    • Motorola Solutions Inc 0.14%
    • Rio Tinto 0.13%
    • Ubs 0.13%
    • Palantir Technologies 0.09%
    • Glencore 0.07%
    • Bank Hapoalim B.M. 0.02%
    • Bank Leumi Le-Israel B.M. 0.02%
    • Grupo México S.A.B. De C.V. 0.02%
    • Pan American Silver Corp. 0.02%
    • Teva Pharmaceuticals 0.02%
    • Zijin Mining 0.02%
    • Adani Ports and Sez 0.01%
    • Alstom S.A 0.01%
    • Centrais Elétricas Brasileiras SA 0.01%
    • Elbit Systems Ltd. 0.01%
    • Israel Discount Bank Ltd. 0.01%
    • Mtn Group Limited 0.01%
    • Wilmar International Ltd. 0.01%
    • Chevron 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
    • Shell 0.24% !!
      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 0.09%
    • Freeport-Mcmoran Inc 0.08%
    • Basf Se 0.07%
    • Glencore 0.07%
    • BHP Group 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
    • Corteva, Inc. 0.06%
    • Pg&E Corp 0.05%
    • Bayer 0.04%
    • Vale SA 0.04%
    • Archer-Daniels Midland 0.03%
    • Barrick Gold 0.03%
    • Nutrien Ltd. 0.03%
    • Posco 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
    • Southern Copper Corporation 0.02%
    • Zijin Mining 0.02%
    • Adani Group 0.01%
    • Evergreen Marine Corp 0.01%
    • Jardine Matheson 0.01%
    • Pt Astra International Tbk 0.01%
    • Wh Group 0.01%
    • Wilmar International Ltd. 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. 0.50%
    • Chevron 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
    • LVMH Moët Hennessy Louis Vuitton Se 0.29%
    • Shell 0.24% !!
      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
    • Unilever PLC 0.23%
    • Ecolab, Inc. 0.21%
    • L'Oréal SA 0.20%
    • Asian Paints Ltd. 0.15%
    • Reliance Industries Ltd. 0.13% !!
      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
    • Givaudan SA 0.12%
    • Hermès International Sca 0.11%
    • Shiseido Co., Ltd. 0.11%
    • The Sherwin-Williams Co. 0.11%
    • Colgate-Palmolive Co. 0.10%
    • PPG Industries, Inc. 0.10%
    • 3M 0.09%
    • Shin-Etsu Chemical Co., Ltd. 0.09%
    • International Flavors & Fragrances, Inc. 0.08%
    • Basf Se 0.07%
    • Akzo Nobel Nv 0.06%
    • Corteva, Inc. 0.06%
    • Henkel AG & Co. Kgaa 0.06%
    • The Estée Lauder Companies, Inc. 0.06%
    • Church & Dwight Co., Inc. 0.05%
    • Dow, Inc. 0.05%
    • Kimberly-Clark Corp. 0.05%
    • Sk Innovation Co., Ltd. 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
    • Bayer 0.04%
    • Dupont De Nemours 0.04%
    • Eni Spa 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
    • Koninklijke Ahold Delhaize Nv 0.04%
    • Nippon Paint Holdings Co., Ltd. 0.04%
    • Kao Corp. 0.03%
    • Novozymes A/S 0.03%
    • Nutrien Ltd. 0.03%
    • Otsuka Holdings Co., Ltd. 0.03%
    • Cabot Corp. 0.02%
    • Celanese Corp. 0.02%
    • Entegris, Inc. 0.02%
    • Kering SA 0.02%
    • Lg H&H Co., Ltd. 0.02%
    • Rentokil Initial 0.02%
    • Rpm International, Inc. 0.02%
    • Symrise AG 0.02%
    • The Clorox Co. 0.02%
    • Tyson Foods Inc 0.02%
    • Unicharm Corp. 0.02%
    • Albemarle Corp. 0.01%
    • Arkema SA 0.01%
    • Beiersdorf AG 0.01%
    • Covestro AG 0.01%
    • Croda International PLC 0.01%
    • Dcc PLC 0.01%
    • Eastman Chemical Co. 0.01%
    • Ems-Chemie Holding AG 0.01%
    • Evonik Industries AG 0.01%
    • Groupe Bruxelles Lambert SA 0.01%
    • Hormel Foods Corp 0.01%
    • Kikkoman Corp. 0.01%
    • Mitsubishi Gas Chemical Co., Inc. 0.01%
    • Mowi Asa 0.01%
    • Nan Ya Plastics Corp. 0.01%
    • Ricoh Co., Ltd. 0.01%
    • The Mosaic Co. 0.01%
    • The Swatch Group AG 0.01%
    • Yakult Honsha Co., Ltd. 0.01%
    • Walmart, Inc. 0.43%
    • Howmet Aerospace, Inc. 0.14%
    • Heico Corp. 0.13%
    • Mtu Aero Engines AG 0.12%
    • Bharat Electronics Ltd. 0.11%
    • Transdigm Group, Inc. 0.10%
    • Amphenol Corp. 0.09%
    • Kongsberg Gruppen Asa 0.09%
    • Rolls-Royce Holdings PLC 0.08%
    • Booz Allen Hamilton Holding Corp. 0.05%
    • Daikin Industries Ltd. 0.04%
    • Rheinmetall AG 0.03%
    • Saab Ab 0.03%
    • Dick's Sporting Goods, Inc. 0.02%
    • Hindustan Aeronautics Ltd. 0.02%
    • Teledyne Technologies, Inc. 0.02%
    • Adani Group 0.01%
    • Canadian Tire Corp. Ltd. 0.01%
    • Elbit Systems 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. 0.30% !!
      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
    • Shell 0.24% !!
      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%
    • Totalenergies Se 0.17% !!
      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 0.15% !!
      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. 0.13% !!
      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 0.13%
    • Enbridge, 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 0.11% 1.5°C
      This company is on a 1.5°C pathway
    • BP 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
    • Constellation Energy Corp. 0.10%
    • Neste Corp. 0.09%
    • Enel 0.08% 1.5°C
      This company is on a 1.5°C pathway
    • Eog Resources, 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
    • Franco-Nevada Corp. 0.08%
    • Itochu 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
    • 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
    • National Grid PLC 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
    • Fortis, 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
    • Glencore 0.07%
    • Marathon Petroleum Corp. 0.07%
    • 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
    • Petrobras 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
    • Phillips 66 0.07%
    • 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
    • The Williams Cos., 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
    • Ampol Ltd. 0.06%
    • BHP Group 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
    • Oneok, Inc. 0.06%
    • Public Service Enterprise Group, Inc. 0.06%
    • Valero Energy Corp. 0.06%
    • Verbund AG 0.06% 1.5°C
      This company is on a 1.5°C pathway
    • 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
    • Consolidated Edison, Inc. 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
    • Kinder Morgan, 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
    • Pg&E Corp 0.05%
    • Sk Innovation Co., Ltd. 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 0.04%
    • Engie 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
    • Eni Spa 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
    • Fairfax Financial Holdings Ltd. 0.04%
    • Targa Resources Corp. 0.04%
    • Vale SA 0.04%
    • Woodside Energy Group Ltd. 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
    • Barrick Gold 0.03%
    • Dassault Systèmes Se 0.03%
    • Devon Energy 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
    • Diamondback Energy, Inc. 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
    • Equinor Asa 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
    • Halliburton Co. 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
    • 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
    • Posco 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
    • 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
    • Atmos Energy Corp. 0.02%
    • Centerpoint Energy, Inc. 0.02%
    • Centrica PLC 0.02%
    • Ck Hutchison 0.02%
    • Delta Air Lines, Inc. 0.02%
    • Edp-Energias De Portugal SA 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Eneos Holdings, Inc. 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
    • Galp Energia Sgps SA 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 México S.A.B. De C.V. 0.02%
    • Hf Sinclair Corp 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
    • Nippon Yusen Kk 0.02%
    • Nrg Energy, Inc. 0.02%
    • Petron Corp. 0.02%
    • Repsol 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
    • The Kansai Electric Power Co., Inc. 0.02%
    • Weg SA 0.02%
    • Adani Group 0.01%
    • Adani Ports and Sez 0.01%
    • 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 Corporation 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
    • 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
    • Centrais Elétricas Brasileiras SA 0.01%
    • Chesapeake Energy Corp. 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
    • Citic Ltd. 0.01%
    • Endesa SA 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Enn Clean Energy International Investment Ltd. 0.01%
    • Hong Kong & China Gas Co. Ltd. 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%
    • Jardine Matheson 0.01%
    • Lg Corp. 0.01%
    • Loews Corp. 0.01%
    • Mitsui O.S.K. Lines, Ltd. 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
    • Osaka 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
    • Ovintiv, Inc. 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%
    • Pt Astra International Tbk 0.01%
    • Ptt Exploration & Production PLC 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
    • Samsung C&T Corp. 0.01%
    • 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
    • Suncor Energy, Inc. 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
    • Tokyo Gas Co., Ltd. 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 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.

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 targets a reduction in carbon exposure, and an increase to renewable energy, compared to the Benchmark. The Fund also employs certain investment exclusions. 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 largely hedged back to New Zealand dollars.

Value $555M NZD
Period of data report 30th Sept. 2024
Fund started 14th Dec. 2021
Total annual fund fees 0.34%
Total performance based fees 0.0%
Manager's basic fee 0.26%
Other management and administration charges 0.08%
Total other charges 0.0
Total other charges currency NZD

Andrew Zenonos

Currently: Lead Portfolio Manager, Russell Investments (1 years, 4 months)
Previously: Back-up Portfolio Manager, Russell Investments (10 years, 7 months)

James Harwood

Currently: Back-up Portfolio Manager, Russell Investments (1 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. 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% 22.63%
2023 -4.85% -9.63%

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. 2024.

Top 10 Investments

  • Apple Inc
    United States International Equities
    4.11%
  • Microsoft Corp
    United States International Equities
    3.68%
  • Nvidia Corp
    United States International Equities
    3.62%
  • S&P 500 Emini 2412 F
    United States International Equities
    3.26%
  • Amazon Com Inc
    United States International Equities
    2.11%
  • Meta Platforms Inc
    United States International Equities
    1.56%
  • Alphabet Inc Cap Stk Cl A
    United States International Equities
    1.18%
  • Fx Positions
    New Zealand Other
    1.15%
  • Nyl Msci Eafe 2412 F
    United States International Equities
    1.08%
  • Alphabet Inc Cap Cl C
    United States International Equities
    1.02%
Type Target Actual
Cash and Cash Equivalents 0.0% -0.7%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 1.53%
International Equities 100.0% 96.13%
Listed Properties 0.0% 1.89%
Unlisted Properties 0.0% 0.0%
Other 0.0% 1.15%
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. 2024.