Dimensional Global Sustainability PIE Fund

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Fund type: Aggressive fund

Past Returns: No three year data yet

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 0.41%

Annual fees, including management and administration fees, but not membership fee.

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.


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 Testing

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 Fri Sept. 30th 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.

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 Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • Apple Inc
    United States International Equities
    4.99%
  • Microsoft Corp
    United States International Equities
    2.31%
  • Amazon Com Inc
    United States International Equities
    1.44%
  • Facebook Inc Com USD Cl A
    United States International Equities
    0.99%
  • Unitedhealth Group Inc Com Stk
    United States International Equities
    0.95%
  • Alphabet Inc Cap Stk
    United States International Equities
    0.95%
  • Johnson & Johnson
    United States International Equities
    0.93%
  • Alphabet Inc Cap Cl C
    United States International Equities
    0.87%
  • Home Depot
    United States International Equities
    0.58%
  • Procter & Gamble Company
    United States International Equities
    0.55%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Fri Sept. 30th 2022.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 0.66%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.16%
International Equities 100.0% 96.62%
Listed Properties 0.0% 2.56%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 2022.

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 Testing:
    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 Fri Sept. 30th 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.

In their own words

"The investment objective of the fund is to provide longterm 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 $94M NZD
Period of data report Fri Sept. 30th 2022
Fund started Thu June 23rd 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 (6 years, 11 months)
Previously: VP/Senior Portfolio Manager (0 years, 5 months)

Robert Ness

Currently: Senior Portfolio Manager & VP (7 years, 7 months)
Previously: VP/Portfolio Manager (11 years, 1 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 2022.

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.