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 aggressive funds is 12.02%.
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.
Worley Ltd operates with offshore oil projects in planning and development. Companies involved in oil and gas services provide tailor-made products and services for the oil and gas sector including exploration and production.
Worley is a global engineering and professional services firm that delivers consulting, project delivery, and asset services across energy, chemicals, and resources. While Worley continues to provide services to fossil fuel related companies, it has grown it sustainability and transitional related revenue to be ~60% of total revenue. Services in this area include carbon capture and storage, battery materials and renewable energy projects.
Channel has closed its refinery operations. It now owns storage and transportation assets for refined product and the transportation is via pipeline which would be more efficient and less carbon intensive than rail or trucking. Remove this comment for Concentrated Fund as we do not own it there as of March 2026.
The fund aims to outperform the S&P/NZX 50 Index Gross (with Imputation Credits) by 3.00% p.A. Over a rolling three year period before fees, expenses and taxes. This fund aims to provide investors with an exposure to New Zealand and Australian equity markets from an actively managed investment portfolio with potential for growth of income and capital. The fund will exclude certain securities under a socially responsible investment framework.
| Value | $5.34M NZD |
| Period of data report | 31st March 2026 |
| Fund started | 11th Jan. 2022 |
| Total annual fund fees | 0.95% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.95% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Stuart Williams |
Currently: Managing Director and Chair of Investment Committee (3 years, 0 months)
|
|
Michael Sherrock |
Currently: Head of Equities and Member of Investment Committee (3 years, 0 months)
|
|
Michael De Cesare |
Currently: Portfolio Manager (8 years, 0 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2026.
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 |
|---|---|---|
| 2026 | 10.96% | 3.13% |
| 2025 | 4.27% | 0.1% |
| 2024 | 15.02% | 2.93% |
| 2023 | -4.85% | -1.26% |
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 2026.
Fisher & Paykel Healthcare
New Zealand Australasian Equities
Infratil Limited
New Zealand Australasian Equities
Auckland International Airport Ltd
New Zealand Australasian Equities
Contact Energy Limited
New Zealand Australasian Equities
Meridian Energy Ltd Npv
New Zealand Australasian Equities
The A2 Milk Company Limited
New Zealand Australasian Equities
Ebos Group Limited
New Zealand Australasian Equities
Spark New Zealand Ltd
New Zealand Australasian Equities
NZD BNP Paribas A/C
New Zealand Cash and Equivalents AA-
Mainfreight Limited
New Zealand Australasian Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 5.23% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 100.0% | 87.13% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 7.64% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| 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 March 2026.
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 2026 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 the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Worley Ltd operates with offshore oil projects in planning and development. Companies involved in oil and gas services provide tailor-made products and services for the oil and gas sector including exploration and production.
Worley is a global engineering and professional services firm that delivers consulting, project delivery, and asset services across energy, chemicals, and resources. While Worley continues to provide services to fossil fuel related companies, it has grown it sustainability and transitional related revenue to be ~60% of total revenue. Services in this area include carbon capture and storage, battery materials and renewable energy projects.
Channel has closed its refinery operations. It now owns storage and transportation assets for refined product and the transportation is via pipeline which would be more efficient and less carbon intensive than rail or trucking. Remove this comment for Concentrated Fund as we do not own it there as of March 2026.
The fund aims to outperform the S&P/NZX 50 Index Gross (with Imputation Credits) by 3.00% p.A. Over a rolling three year period before fees, expenses and taxes. This fund aims to provide investors with an exposure to New Zealand and Australian equity markets from an actively managed investment portfolio with potential for growth of income and capital. The fund will exclude certain securities under a socially responsible investment framework.
| Value | $5.34M NZD |
| Period of data report | 31st March 2026 |
| Fund started | 11th Jan. 2022 |
| Total annual fund fees | 0.95% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.95% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Stuart Williams |
Currently: Managing Director and Chair of Investment Committee (3 years, 0 months)
|
|
Michael Sherrock |
Currently: Head of Equities and Member of Investment Committee (3 years, 0 months)
|
|
Michael De Cesare |
Currently: Portfolio Manager (8 years, 0 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2026.
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 |
|---|---|---|
| 2026 | 10.96% | 3.13% |
| 2025 | 4.27% | 0.1% |
| 2024 | 15.02% | 2.93% |
| 2023 | -4.85% | -1.26% |
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 2026.
Fisher & Paykel Healthcare
New Zealand Australasian Equities
Infratil Limited
New Zealand Australasian Equities
Auckland International Airport Ltd
New Zealand Australasian Equities
Contact Energy Limited
New Zealand Australasian Equities
Meridian Energy Ltd Npv
New Zealand Australasian Equities
The A2 Milk Company Limited
New Zealand Australasian Equities
Ebos Group Limited
New Zealand Australasian Equities
Spark New Zealand Ltd
New Zealand Australasian Equities
NZD BNP Paribas A/C
New Zealand Cash and Equivalents AA-
Mainfreight Limited
New Zealand Australasian Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 5.23% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 100.0% | 87.13% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 7.64% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| 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 March 2026.
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 2026 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.
