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.


  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

    • Nestle SA-Reg 2.18%
    • Unicharm Corp 2.83%
    • Beiersdorf AG 2.34%
    • Weg SA 2.49%

Fund Provider Response

For more details on the investment cases for the companies we invest in, including the ones flagged above, please see our Portfolio Explorer tool:

We recognise WEG’s exposure to fossil fuels and disclose this publicly alongside our position statement linked here -

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 in companies which are positioned to contribute to, and benefit from sustainable development. Larger capitalisation companies are currently defined for the purposes of this fund as companies with a minimum investible market cap (free float) of US$5 billion at the time of investment. The Investment Manager may revise this definition as considered appropriate. The fund may have exposure to developed markets or emerging markets whilst maintaining its geographical diversity.

Value $48.7M NZD
Period of data report 31st Dec. 2023
Fund started 2nd Sept. 2022
Total annual fund fees 0.62%
Total performance based fees 0.0%
Manager's basic fee 0.62%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Sashi Reddy

Currently: Portfolio Manager/Investment Analyst (16 years, 2 months)
Previously: Indian Equities Research Analyst (2 years, 0 months)

David Gait

Currently: Portfolio Manager/Investment Analyst (26 years, 1 months)
Previously: (None years, None months)

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

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 Dec. 2023.

Top 10 Investments

  • Watsco Inc
    United States International Equities
  • Mahindra & Mahindra Limited
    India International Equities
  • Biomerieux Npv
    France International Equities
  • Hdfc Bank Inr1
    India International Equities
  • Fortinet Inc Com
    United States International Equities
  • Deutsche Post AG
    Germany International Equities
  • Costco Wholesale Corp
    United States International Equities
  • Infineon Technologies AG
    Germany International Equities
  • Beiersdorf AG
    Germany International Equities
  • Arista Networks In Com
    United States International Equities
Type Target Actual
Cash and Cash Equivalents 10.0% 2.97%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 1.19%
International Equities 90.0% 95.84%
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 against the fund's targets.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2023.