Funds
Dimensional Global Sustainability PIE Fund
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:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- Valero Energy Corp 0.14%
- Enbridge Inc 0.11%
- Iberdrola SA 0.11%
- Constellation Energy Corp 0.10%
- Consolidated Edison Inc Com Usd0.10 0.08%
- Neste Oyj 0.06%
- Pbf Energy Inc Com 0.06%
- Phillips 66 Com Usd0.01 0.06%
- Atmos Energy Corp 0.05%
- Hf Sinclair Corpor Com Usd0.01 0.05%
- Oneok Inc 0.04%
- Sempra Energy USD 0.04%
- South Jersey Industries 0.04%
- Ugi Corp Com 0.04%
- Cheniere Energy Inc 0.03%
- Ck Asset Holdings Hk 0.03%
- Cvr Energy Inc 0.03%
- Dt Midstream Inc Com Usd0.01 0.03%
- Enagas 0.03%
- Enel Spa 0.03%
- Parkland Corp 0.03%
- Altagas Income Ltd 0.02%
- Atco Ltd 0.02%
- Enlink Midstream Llc 0.02%
- Power Assets Holdings Limited 0.02%
- Snam Spa 0.02%
- Tokyo Gas Co Ltd 0.02%
- Canadian Utilities Ltd A 0.01%
- Contact Energy Limited 0.01%
- Endesa SA 0.01%
- Gibson Energy Inc 0.01%
- Hera Spa 0.01%
- Kirby Corp 0.01%
- Northland Power Inc 0.01%
- Osaka Gas Co Ltd Jpy 0.01%
- Paz Oil Co Ltd 0.01%
- Pembina Pipeline Corp 0.01%
- Rubis Eur1.25 0.01%
- Spire Inc Com Usd1 0.01%
Weapons
- Walmart Inc 0.47%
- Amphenol Corp Cl A 0.07%
- Brookfield Asset Management 0.06%
- Teledyne Technologies Inc 0.06%
- Transdigm Group Inc 0.06%
- Caci International Inc - Class A 0.05%
- Dick'S Sporting Goods Inc 0.05%
- Science Applications International Corp 0.05%
- Ati Inc 0.03%
- Curtiss-Wright Corp 0.03%
- Howmet Aerospace I Com USD 0.03%
- Oshkosh Corporation 0.03%
- Rbc Bearings Inc 0.03%
- Woodward Inc 0.03%
- Heico Corp Com Usd0.01 0.02%
- Hexcel Corp 0.02%
- Indra Sistemas SA 0.02%
- Mercury Systems Inc 0.02%
- Mueller Industries Inc 0.02%
- Rheinmetall AG 0.02%
- Albany International Corp 0.01%
- Esco Technologies Inc 0.01%
- Heico Corp Com 0.01%
- Kawasaki Heavy Industries Ltd 0.01%
- Moog Inc - Class A 0.01%
- Mtu Aero Engines AG 0.01%
- Qinetiq PLC 0.01%
Tobacco
- Casey'S General Stores Inc 0.04%
Gambling
- Vici Properties Inc 0.04%
GMOs
- Corteva Inc 0.11%
Human Rights & Environmental Violations
- Johnson & Johnson Com US$1 0.93%
- Thermo Fisher Scientific Inc 0.27%
- Activision Blizzard Inc 0.23%
- Caterpillar Inc 0.17%
- Rio Tinto PLC Ord 10P Gbp 0.17%
- Wells Fargo & Company 0.14%
- Corteva Inc 0.11%
- Fmc Corp 0.09%
- Motorola Solutions Inc 0.07%
- Uber Technologies Inc 0.05%
- Mattel Inc Com Usd1.00 0.04%
- Nutrien Ltd Com Npv 0.04%
- Bank Leumi Le-Israel 0.03%
- Rio Tinto PLC 0.03%
- Adeka Corporation 0.02%
- Barrick Gold Corporation 0.02%
- Nissan Chemical Corporation 0.02%
- Southern Copper Corporation 0.02%
- Electra Ltd 0.01%
- Indivior PLC Ord Usd2 0.01%
- Teva Pharmaceutical Sp Adr 0.01%
Animal Cruelty
- Procter & Gamble Company 0.55%
- Coca Cola Co USD 0.32%
- Pepsico Inc Cap US$0.01 2/3 0.31%
- Unilever PLC 0.29%
- Sherwin Williams Com Usd1 0.22%
- Colgate Palmolive Usd1 0.17%
- General Mills Inc 0.15%
- 3M Co 0.12%
- L'Oreal 0.12%
- Corteva Inc 0.11%
- Hermes International 0.11%
- Koninklijke Ahold Delhaize Nv 0.10%
- Estee Lauder Companies 0.09%
- Fmc Corp 0.09%
- Kering 0.09%
- PPG Industries Inc 0.08%
- Tapestry Inc Com Usd0.01 0.08%
- Avantor Inc 0.07%
- Church & Dwight Co 0.06%
- Dupont De Nemours Inc 0.06%
- Kellogg Company 0.06%
- Keurig Dr Pepper Inc 0.06%
- Kraft Heinz Co Com Usd0.01 0.06%
- Akzo Nobel Nv Eur0.50 0.05%
- Clorox Co Del 0.05%
- Albermarle Corp 0.04%
- Campbell Soup Co USD 0.04%
- Capri Holdings Ltd Com Npv 0.04%
- Dcc PLC 0.04%
- George Weston Ltd 0.04%
- Huntsman Corporation 0.04%
- Koninklijke Dsm Nv 0.04%
- Mosaic Co Com 0.04%
- Nutrien Ltd Com Npv 0.04%
- Rpm International Inc 0.04%
- Arkema 0.03%
- Burberry Group PLC 0.03%
- Callaway Golf Co 0.03%
- Celanese Corp Series A 0.03%
- Coty Inc 0.03%
- Covestro AG 0.03%
- Daikin Industries 0.03%
- Dksh Holding AG 0.03%
- Dow Inc 0.03%
- Johnson Matthey PLC 0.03%
- Kao Corporation Jpy50 0.03%
- Ralph Lauren Corp Com 0.03%
- Symrise AG 0.03%
- Univar Solutions Inc 0.03%
- Adeka Corporation 0.02%
- Avient Corporation Com Usd0.01 0.02%
- Balchem Corp 0.02%
- Canon Inc 0.02%
- Chr Hansen Holding A S 0.02%
- Clariant AG Reg 0.02%
- Danone 0.02%
- Fuji Film Holdings Corp 0.02%
- Hb Fuller Co 0.02%
- Henkel AG & Co Kgaa Non Vtg Pref 0.02%
- Iwatani Corp 0.02%
- Livent Corporation Com Usd0.001 0.02%
- Meiji Holdings Co 0.02%
- Mitsubishi Chemical Group Corporation 0.02%
- Mitsui Chemicals Inc 0.02%
- Moncler Spa 0.02%
- Nissan Chemical Corporation 0.02%
- Novozymes A/S Ser`B`Dkk2 0.02%
- Pvh Corp Com Usd1.00 0.02%
- Stepan Co 0.02%
- The Swatch Group AG-B Chf50 0.02%
- Umicore Npv 0.02%
- Advansix Inc 0.01%
- Air Water Inc 0.01%
- Beiersdorf AG 0.01%
- Bic 0.01%
- Boot Barn Holdings Inc 0.01%
- Eastman Chemical Com 0.01%
- Evonik Industries AG 0.01%
- Herbalife Nutrition Ltd 0.01%
- Ingevity Corp 0.01%
- Innospec Inc 0.01%
- Kikkoman Corporation Jpy 0.01%
- Lanxess 0.01%
- Lion Corporation 0.01%
- Nu Skin Enterprises Inc - Class A 0.01%
- Rentokil Initial PLC 0.01%
- Sensient Technologies Corp 0.01%
- Showa Denko Kk Jpy50 0.01%
- Solvay SA Belgian Bef 0.01%
- Xerox Hldgs Corp Com Usd1.00 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. 2022 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
In their own words
Provides long-term capital growth by gaining exposure to a diversified portfolio of securities associated with approved developed markets (excluding Australia), with increased emphasis on higher expected return securities. The Fund also considers non-financial factors to target sustainability goals. The fund has a Carbon Footprint Reduction Goal and evaluates companies based on specific sustainability criteria.
| Value | $95M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 23rd June 2022 |
| Total annual fund fees | 0.41% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.41% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Bhanu Singh |
Currently: Head of Portfolio Management APAC, Director & VP (7 years, 2 months) |
|
Robert Ness |
Currently: Senior Portfolio Manager & VP (7 years, 10 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.
- No attachments
Investment Exclusions
Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).
Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.
| Issue of concern | Does this fund say it excludes this? | Actual holdings |
|---|---|---|
| Adult Entertainment /Pornography | 0.00% | |
| Alcohol | 0.00% | |
| Animal Cruelty | 5.27% | |
| Fossil Fuels | 1.53% | |
| Gambling | 0.04% | |
| GMOs | 0.11% | |
| Human Rights & Environmental Violations | 2.51% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.06% | |
| Weapons | 1.32% |
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. 2022 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.
Note that many
funds exclude controversial weapons. However, the category of Weapons used in
this analysis is broader in scope, covering all munitions, firearms and
military weapons. Similarly Mindful Money uses a broader scope for fossil fuels
than the government’s rules for default KiwiSaver funds. The full definitions
used in the Mindful Money analysis are here.
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. 2022.
Top 10 Investments
-
Apple Inc
United States International Equities4.46% -
Microsoft Corp
United States International Equities1.91% -
Amazon Com Inc
United States International Equities0.93% -
Meta Platforms Class A
United States International Equities0.84% -
Johnson & Johnson Com
United States International Equities0.78% -
Alphabet Inc Cap Stk Cl A
United States International Equities0.75% -
Visa Inc - A
United States International Equities0.74% -
Unitedhealth Group Inc Com Stk
United States International Equities0.73% -
Alphabet Inc Cap Cl C
United States International Equities0.69% -
Home Depot
United States International Equities0.6%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 0.39% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.15% |
| International Equities | 100.0% | 96.93% |
| Listed Properties | 0.0% | 2.54% |
| 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.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.