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:

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

Companies of concern

    • Meta Platforms Inc-Class A 0.08%
    • Nestle Holdings Inc 0.08%
    • Nestle SA-Reg 0.08%
    • Johnson & Johnson 0.05%
    • Motorola Solutions Inc 0.04%
    • Credit Suisse Group AG-Reg 0.03%
    • Thermo Fisher Scientific 0.03%
    • Wells Fargo & Company 0.03%
    • Activision Blizzard Inc 0.02%
    • Credit Suisse Group AG 0.02%
    • Rio Tinto Fin Usa Ltd 0.02%
    • Thermo Fisher Scientific Inc 0.02%
    • First Intl Bank Israel 0.01%
    • BHP Group Ltd 0.07% !!
      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
    • Duke Energy Corp 0.06%
    • Shell PLC 0.06% !!
      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
    • Syngenta Finance Nv 0.05%
    • Barrick Gold Corp 0.04%
    • Evergreen Marine Corp Ltd 0.01%
    • Fmc Corp 0.01%
    • Nutrien Ltd 0.01%
    • Procter & Gamble Co/The 0.10%
    • Koninklijke Ahold Delhaize N 0.07%
    • Celanese US Holdings Llc 0.06%
    • Colgate-Palmolive Co 0.06%
    • Kimberly-Clark Corp 0.06%
    • Shell PLC 0.06% !!
      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
    • Syngenta Finance Nv 0.05%
    • Church & Dwight Co Inc 0.04%
    • Eni Spa 0.04% !!
      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
    • Kering 0.03%
    • Nomad Foods Ltd 0.03%
    • Westlake Corp 0.03%
    • 3M Company 0.02%
    • Clorox Company 0.02%
    • Ecolab Inc 0.02%
    • Hermes International 0.02%
    • Kimberly-Clark De Mexico 0.02%
    • PPG Industries Inc 0.02%
    • Rpm International Inc 0.02%
    • Solvay SA 0.02%
    • Tyson Foods Inc-Cl A 0.02%
    • Air Liquide SA 0.01%
    • Croda International PLC 0.01%
    • Equate Petrochemical Bv 0.01%
    • Essity Ab 0.01%
    • Estee Lauder Companies-Cl A 0.01%
    • Fmc Corp 0.01%
    • Hormel Foods Corp 0.01%
    • L'Oreal 0.01%
    • Nutrien Ltd 0.01%
    • Reliance Industries Ltd 0.01% !!
      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
    • Mtu Aero Engines AG 0.02%
    • Singapore Tech Engineering 0.01%
    • Contact Energy Ltd 0.31% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.07% !!
      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
    • Enel Spa 0.07% 1.5°C
      This company is on a 1.5°C pathway
    • Duke Energy Corp 0.06%
    • Shell PLC 0.06% !!
      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
    • Apa Infrastructure Ltd 0.05% !!
      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
    • Nextera Energy Inc 0.05%
    • Aker BP Asa 0.04% !!
      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
    • Enel Finance Intl Nv 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Eni Spa 0.04% !!
      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
    • National Grid PLC 0.04% !!
      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
    • Total SA 0.04%
    • Arcelormittal 0.03%
    • Dte Energy Company 0.03%
    • Kinder Morgan Inc 0.03% !!
      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
    • Public Service Enterprise Gp 0.03%
    • Snam Spa 0.03% !!
      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
    • Southern Co/The 0.03%
    • Targa Resources Corp 0.03%
    • Xcel Energy Inc 0.03%
    • Alliant Energy Corp 0.02%
    • Apache Corp 0.02%
    • BP PLC 0.02% !!
      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
    • Dominion Energy Inc 0.02%
    • E.On Se 0.02%
    • Emera Inc 0.02%
    • Enel Chile SA 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Engie 0.02% !!
      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
    • Entergy Corp 0.02%
    • Equinor Asa 0.02% !!
      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
    • Genesis Energy Ltd 0.02%
    • Hk Electric Investments -Ss 0.02%
    • Iberdrola Finanzas Sau 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Iberdrola SA 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Mitsui & Co Ltd 0.02% !!
      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
    • National Grid PLC-Sp Adr 0.02% !!
      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
    • Naturgy Finance Bv 0.02%
    • Nextera Energy Capital 0.02%
    • Orsted A/S 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Valero Energy Corp 0.02%
    • Var Energi Asa 0.02% !!
      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
    • A2A Spa 0.01%
    • Ampol Ltd 0.01%
    • Ck Hutchison Intl 17 Ltd 0.01%
    • Con Edison Co Of Ny Inc 0.01%
    • Continental Resources 0.01% !!
      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
    • E.On Intl Finance Bv 0.01%
    • Edp Finance Bv 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Enterprise Products Oper 0.01% !!
      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
    • Hera Spa 0.01%
    • Imperial Oil Ltd 0.01% !!
      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
    • Iren Spa 0.01%
    • Korea Midland Power Co 0.01%
    • Mitsubishi Corp 0.01% !!
      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
    • OMV AG 0.01% !!
      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
    • Oneok Inc 0.01%
    • Ovintiv Inc 0.01% !!
      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
    • Reliance Industries Ltd 0.01% !!
      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
    • Saudi Arabian Oil Co 0.01% !!
      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
    • Sempra Energy 0.01% !!
      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
    • Totalenergies Cap Intl 0.01% !!
      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
    • Vier Gas Transport Gmbh 0.01%
    • Western Midstream Operat 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 31st March 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

Invests mostly in defensive assets such as fixed interest and cash, with only limited investment in growth assets such as shares and real assets. May be suitable for investors who want to achieve slightly higher returns than those expected from investing solely in the Cash fund. Investors need to be comfortable with the possibility of some fluctuations in returns.

Value $4.3M NZD
Period of data report 30th June 2023
Fund started 9th Oct. 2015
Total annual fund fees 0.89%
Total performance based fees 0.0%
Manager's basic fee 0.71%
Other management and administration charges 0.18%
Total other charges 0.0
Total other charges currency NZD

Ross Butler

Currently: Chair - Mercer (N.Z.) Ltd (0 years, 2 months)
Previously: Director - Mercer Investments (Australia) Limited (current) (9 years, 10 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (14 years, 4 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

Kylie Willment

Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (5 years, 8 months)
Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

Padraig Brown

Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (1 years, 1 months)
Previously: Head of Real Estate Investment Management, Mercer Australia (Pty) Ltd (11 years, 2 months)

Robert Kavanagh

Currently: Head of Portfolio Management NZ - Mercer (N.Z.) Ltd (9 years, 3 months)
Previously: Vice President - Account Management PIMCO Australia Pty Limited (7 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 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
2023 -1.56% -1.47%
2022 -0.95% -0.44%
2021 8.70% 6.47%
2020 0.08% 0.41%
2019 4.31% 3.4%
2018 3.39% 3.14%
2017 3.28% 3.35%

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 30th June 2023.

Top 10 Investments

  • Robeco Global Credit Fund
    Australia Int Fixed Interest
    5.45%
  • New Zealand Government Bond 3.00% 20/04/2029
    New Zealand NZ Fixed Interest AAA
    2.19%
  • New Zealand Government Bond 1.75% 15/05/2041
    New Zealand NZ Fixed Interest AAA
    1.48%
  • New Zealand Government Bond 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AAA
    1.43%
  • Australian Dollar
    Australia Int Fixed Interest
    1.42%
  • United States Dollar
    United States Int Fixed Interest
    1.38%
  • New Zealand Government Bond 2.00% 15/05/2032
    New Zealand NZ Fixed Interest AAA
    1.12%
  • Bank Of New Zealand - Cash Account
    New Zealand Cash and Equivalents AA-
    1.11%
  • Housing New Zealand Limited Bond 3.36% 12/06/2025
    New Zealand NZ Fixed Interest AAA
    1.06%
  • ANZ Bank New Zealand Limited Rcd Maturing 19/09/2023
    New Zealand Cash and Equivalents AA-
    1.04%
Type Target Actual
Cash and Cash Equivalents 30.0% 30.69%
New Zealand Fixed Interest 15.0% 14.89%
International Fixed Interest 35.0% 35.24%
Australasian Equities 5.0% 5.35%
International Equities 11.5% 10.58%
Listed Properties 0.88% 0.67%
Unlisted Properties 0.87% 0.87%
Other 1.75% 1.71%
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 30th June 2023.