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 2.42%
    • Johnson & Johnson 0.86%
    • Thermo Fisher Scientific Inc 0.51%
    • Wells Fargo & Co 0.47%
    • Caterpillar Inc 0.42%
    • Uber Technologies Inc 0.36%
    • Raytheon Technologies Corp 0.29%
    • Lockheed Martin Corp 0.22%
    • Motorola Solutions Inc 0.13%
    • Chevron Corp 0.62% !!
      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 0.17%
    • Freeport-Mcmoran Inc 0.15%
    • 3M Co 0.13%
    • Corteva Inc 0.09%
    • Archer-Daniels-Midland Co 0.08%
    • Pg&E Corp 0.08%
    • Fmc Corp 0.02%
    • Exxon Mobil Corporation 1.04% !!
      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
    • Procter & Gamble Co/The 0.86%
    • Chevron Corp 0.62% !!
      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
    • Philip Morris International 0.32%
    • Sherwin-Williams Co/The 0.19%
    • Altria Group Inc 0.17%
    • Colgate-Palmolive Co 0.17%
    • 3M Co 0.13%
    • Ecolab Inc 0.13%
    • Kimberly-Clark Corp 0.10%
    • Corteva Inc 0.09%
    • Dow Inc 0.09%
    • Estee Lauder Companies-Cl A 0.08%
    • PPG Industries Inc 0.08%
    • Dupont De Nemours Inc 0.07%
    • Church & Dwight Co Inc 0.06%
    • Intl Flavors & Fragrances 0.05%
    • Celanese Corp 0.04%
    • Clorox Company 0.04%
    • Tyson Foods Inc-Cl A 0.04%
    • Albemarle Corp 0.03%
    • Eastman Chemical Co 0.03%
    • Fmc Corp 0.02%
    • Hormel Foods Corp 0.02%
    • Mosaic Co/The 0.02%
    • Ralph Lauren Corp 0.02%
    • Tapestry Inc 0.02%
    • Walmart Inc 0.58%
    • Honeywell International Inc 0.31%
    • Raytheon Technologies Corp 0.29%
    • Boeing Co/The 0.25%
    • Lockheed Martin Corp 0.22%
    • Amphenol Corp 0.16%
    • General Dynamics Corp. 0.15%
    • Northrop Grumman Corp 0.15%
    • Transdigm Group Inc 0.15%
    • L3Harris Technologies Inc 0.09%
    • Howmet Aerospace Inc 0.06%
    • Teledyne Technologies Inc 0.05%
    • Jacobs Solutions Inc 0.04%
    • Leidos Holdings Inc 0.04%
    • Textron, Inc. 0.04%
    • Huntington Ingalls Industrie 0.03%
    • Exxon Mobil Corporation 1.04% !!
      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
    • Chevron Corp 0.62% !!
      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
    • Conocophillips 0.34% !!
      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 0.30%
    • Southern Co/The 0.18%
    • Duke Energy Corp 0.17%
    • Eog Resources Inc 0.17% !!
      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
    • Marathon Petroleum Corp 0.17%
    • Phillips 66 0.16%
    • Pioneer Natural Resources Co 0.14% !!
      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
    • Constellation Energy 0.13%
    • Valero Energy Corp 0.13%
    • Oneok Inc 0.11%
    • Williams Cos Inc 0.11% !!
      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
    • American Electric Power 0.10%
    • Hess Corp 0.10% !!
      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
    • Occidental Petroleum Corp 0.10% !!
      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 0.10% !!
      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 0.09%
    • Diamondback Energy Inc 0.08% !!
      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
    • Halliburton Co 0.08%
    • Kinder Morgan Inc 0.08% !!
      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
    • Pg&E Corp 0.08%
    • Public Service Enterpris 0.08%
    • Consolidated Edison Inc 0.07%
    • Delta Air Lines Inc 0.07%
    • Devon Energy Corp 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
    • Xcel Energy Inc 0.07%
    • Targa Resources Corp 0.06%
    • Wec Energy Group Inc 0.06%
    • Coterra Energy Inc 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
    • Dte Energy Co 0.05%
    • Entergy Corp 0.05%
    • Firstenergy Corp 0.05%
    • Ppl Corp 0.05%
    • Ameren Corporation 0.04%
    • Atmos Energy Corp 0.04%
    • Centerpoint Energy Inc 0.04%
    • Cms Energy Corp 0.04%
    • Marathon Oil Corp 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
    • Aes Corp 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
    • Alliant Energy Corp 0.03%
    • Apa Corp 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
    • Eqt Corp 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
    • Evergy Inc 0.03%
    • Loews Corp 0.03%
    • Nisource Inc 0.03%
    • Nrg Energy Inc 0.03%
    • Pinnacle West Capital 0.02%

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 2024 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 aims for high long-run returns by investing in an Exchange-Traded Fund ('ETF') that invests in shares of the largest companies listed on exchanges in the United States.

Value $71.7M NZD
Period of data report 30th June 2024
Fund started 7th Nov. 2022
Total annual fund fees 0.03%
Total performance based fees 0.0%
Manager's basic fee 0.03%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Mike Heath

Currently: Investment Committee Member (4 years, 3 months)
Previously: General Manager, InvestNow (6 years, 3 months)

Anthony Edmonds

Currently: Investment Committee Member (4 years, 3 months)
Previously: Director, FundRock NZ and InvestNow (13 years, 7 months)

Anthony Sowerby

Currently: Investment Committee Member (4 years, 3 months)
Previously: Head of Investment Management Oversight, FundRock NZ (2 years, None months)

Jason Choy

Currently: Investment Committee Member (1 years, 11 months)
Previously: Senior Portfolio Manager, FundRock NZ and InvestNow (2 years, 1 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.

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
2024 14.61% 33.73%

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 2024.

Top 10 Investments

  • Vanguard S&P 500 ETF
    United States International Equities
    100.0%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.0%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 100.0% 100.0%
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 30th June 2024.