Funds

BNZ Private Wealth Series International Equity Fund

Total Ethical Concerns: 12.33%

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

Companies of Concern

  • Animal Cruelty 2.22%

    • 0.92%
    • Nutrien Ltd.
      0.29%
      0.29%
    • Colgate-Palmolive Co.
      0.18%
      0.18%
    • The Sherwin-Williams Co.
      0.15%
      0.15%
    • Unilever PLC
      0.12%
      0.12%
    • Prada Spa
      0.06%
      0.06%
    • Entegris, Inc.
      0.05%
      0.05%
  • Human Rights Violations 4.4%

    • 1.25%
    • Nestlé
      0.95%
      0.95%
    • UBS
      0.55%
      0.55%
    • Saint-Gobain
      0.27%
      0.27%
    • Li Ning Co Ltd
      0.23%
      0.23%
    • Grupo México S.A.B. De C.V.
      0.10%
      0.10%
  • Social Harm 0.78%

  • Fossil Fuels 4.35%

    • Nextera Energy, Inc.
      1.02%
      1.02%
    • Barrick Gold
      1.01%
      1.01%
    • American Electric Power Co., Inc.
      0.76%
      0.76%
    • National Grid PLC
      0.53%
      !!
      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
      0.53%
    • Alcoa Corp.
      0.30%
      0.30%
    • Constellation Energy Corp.
      0.27%
      0.27%
    • Fortum Oyj
      0.26%
      0.26%
    • Grupo México S.A.B. De C.V.
      0.10%
      0.10%
    • Valero Energy Corp.
      0.06%
      0.06%
    • Targa Resources Corp.
      0.04%
      0.04%
  • Weapons 0.18%

    • Amphenol Corp.
      0.18%
      0.18%
  • Environmental Harm 1.92%

    • Barrick Gold
      1.01%
      1.01%
    • 0.49%
    • Nutrien Ltd.
      0.29%
      0.29%
    • Unilever PLC
      0.12%
      0.12%
    • Harmony Gold Mining Co Ltd
      0.01%
      0.01%

From the Fund Provider

  • About this fund

    About this Fund

    The International Equity Fund invests in international equities primarily in developed markets, with the ability to invest to a lesser extent in emerging market countries. It aims to provide a gross return in excess of its benchmark index, over the long term.

    Value $691M NZD
    Period of data report 31st March 2025
    Fund started 8th March 2017
    Total annual fund fees 0.72%
    Total performance based fees 0.0%
    Manager's basic fee 0.72%
    Other management and administration charges 0.0%
    Total other charges 0.0
    Total other charges currency NZD

    Andrew Bascand

    Currently: Chair, Investment Committee (0 years, 1 months)
    Previously: ​Managing Director, Harbour Asset Management Ltd (other position) (15 years, 3 months)

    Richard Ansell

    Currently: Member, Investment Committee (0 years, 1 months)
    Previously: Independent Director, BNZ Investment Services Ltd (other position) (6 years, 1 months)

    Louis Nel

    Currently: Member, Investment Committee (0 years, 1 months)
    Previously: Head of External Managers & Partnerships, Harbour Asset Management Limited (other position) (0 years, 8 months)

    Chris Di Leva

    Currently: Member, Investment Committee (0 years, 1 months)
    Previously: Head of Multi-Asset & Global Investments, Harbour Asset Management Ltd (other position) (6 years, 6 months)

    Murray Brown

    Currently: Member, Investment Committee (0 years, 1 months)
    Previously: Independent Director, Harbour Asset Management Ltd (other position) (5 years, 1 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% 4.1%
    2024 15.78% 21.53%
    2023 -4.85% -0.76%
    2022 3.53% 4.77%
    2021 35.55% 32.15%
    2020 -7.06% -2.7%
    2019 10.17% 6.33%
    2018 7.53% 10.77%

    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 Corporation

      United States International Equities

      3.63%
    • Amazon.Com Inc

      United States International Equities

      2.9%
    • Taiwan Semiconductor Manufacturing Co Ltd Adr

      Taiwan, Province of China International Equities

      2.08%
    • Siemens AG-Reg

      Germany International Equities

      1.68%
    • Visa Inc-Class A Shares

      United States International Equities

      1.66%
    • Apple Inc

      United States International Equities

      1.58%
    • Hdfc Bank Ltd Adr

      India International Equities

      1.56%
    • Alphabet Inc Class C

      United States International Equities

      1.47%
    • BNP Paribas Bank Account USD

      United States Cash and Equivalents A+

      1.27%
    • Meta Platforms Inc

      United States International Equities

      1.25%
    Type Target Actual
    Cash and Cash Equivalents 0.0% 0.2%
    New Zealand Fixed Interest 0.0% 0.0%
    International Fixed Interest 0.0% 0.0%
    Australasian Equities 0.0% 0.0%
    International Equities 100.0% 99.8%
    Listed Properties 0.0% 0.0%
    Unlisted Properties 0.0% 0.0%
    Other 0.0% 0.0%
    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

  • 2.22% Animal Cruelty
  • 4.4% Human Rights Violations
  • 0.78% Social Harm
  • 4.35% Fossil Fuels
  • 0.18% Weapons
  • 1.92% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • 0.92%
    • Nutrien Ltd.
      0.29%
      0.29%
    • Colgate-Palmolive Co.
      0.18%
      0.18%
    • The Sherwin-Williams Co.
      0.15%
      0.15%
    • Unilever PLC
      0.12%
      0.12%
    • Prada Spa
      0.06%
      0.06%
    • Entegris, Inc.
      0.05%
      0.05%
  • Human Rights Violations

    • 1.25%
    • Nestlé
      0.95%
      0.95%
    • UBS
      0.55%
      0.55%
    • Saint-Gobain
      0.27%
      0.27%
    • Li Ning Co Ltd
      0.23%
      0.23%
    • Grupo México S.A.B. De C.V.
      0.10%
      0.10%
  • Fossil Fuels

    • Nextera Energy, Inc.
      1.02%
      1.02%
    • Barrick Gold
      1.01%
      1.01%
    • American Electric Power Co., Inc.
      0.76%
      0.76%
    • National Grid PLC
      0.53%
      !!
      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
      0.53%
    • Alcoa Corp.
      0.30%
      0.30%
    • Constellation Energy Corp.
      0.27%
      0.27%
    • Fortum Oyj
      0.26%
      0.26%
    • Grupo México S.A.B. De C.V.
      0.10%
      0.10%
    • Valero Energy Corp.
      0.06%
      0.06%
    • Targa Resources Corp.
      0.04%
      0.04%
  • Weapons

    • Amphenol Corp.
      0.18%
      0.18%
  • Environmental Harm

    • Barrick Gold
      1.01%
      1.01%
    • 0.49%
    • Nutrien Ltd.
      0.29%
      0.29%
    • Unilever PLC
      0.12%
      0.12%
    • Harmony Gold Mining Co Ltd
      0.01%
      0.01%

About this Fund

The International Equity Fund invests in international equities primarily in developed markets, with the ability to invest to a lesser extent in emerging market countries. It aims to provide a gross return in excess of its benchmark index, over the long term.

Value $691M NZD
Period of data report 31st March 2025
Fund started 8th March 2017
Total annual fund fees 0.72%
Total performance based fees 0.0%
Manager's basic fee 0.72%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Andrew Bascand

Currently: Chair, Investment Committee (0 years, 1 months)
Previously: ​Managing Director, Harbour Asset Management Ltd (other position) (15 years, 3 months)

Richard Ansell

Currently: Member, Investment Committee (0 years, 1 months)
Previously: Independent Director, BNZ Investment Services Ltd (other position) (6 years, 1 months)

Louis Nel

Currently: Member, Investment Committee (0 years, 1 months)
Previously: Head of External Managers & Partnerships, Harbour Asset Management Limited (other position) (0 years, 8 months)

Chris Di Leva

Currently: Member, Investment Committee (0 years, 1 months)
Previously: Head of Multi-Asset & Global Investments, Harbour Asset Management Ltd (other position) (6 years, 6 months)

Murray Brown

Currently: Member, Investment Committee (0 years, 1 months)
Previously: Independent Director, Harbour Asset Management Ltd (other position) (5 years, 1 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% 4.1%
2024 15.78% 21.53%
2023 -4.85% -0.76%
2022 3.53% 4.77%
2021 35.55% 32.15%
2020 -7.06% -2.7%
2019 10.17% 6.33%
2018 7.53% 10.77%

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 Corporation

    United States International Equities

    3.63%
  • Amazon.Com Inc

    United States International Equities

    2.9%
  • Taiwan Semiconductor Manufacturing Co Ltd Adr

    Taiwan, Province of China International Equities

    2.08%
  • Siemens AG-Reg

    Germany International Equities

    1.68%
  • Visa Inc-Class A Shares

    United States International Equities

    1.66%
  • Apple Inc

    United States International Equities

    1.58%
  • Hdfc Bank Ltd Adr

    India International Equities

    1.56%
  • Alphabet Inc Class C

    United States International Equities

    1.47%
  • BNP Paribas Bank Account USD

    United States Cash and Equivalents A+

    1.27%
  • Meta Platforms Inc

    United States International Equities

    1.25%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.2%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 100.0% 99.8%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
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.