Fund type: Aggressive fund
Past Returns: *7.90%Where a company has multiple ethical concerns, the total concerns percentage counts this investment once.
The average total concerns of all funds of the same risk profile is weighted by the funds' investment values.
The average total concerns of all managed aggressive funds is 12.02%.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
One of Aotearoa New Zealand’s largest electric utilities companies. Operates three thermal power stations that employ gas and diesel. In FY2024, 81% of the energy Contact generated came from renewable energy (lower than in 2023 due to a dry winter). However, at the end of 2024 Contact opened a major new geothermal renewable facility - the Tauhara plant. It is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Fund type: Aggressive fund
Past Returns: *7.90%The objective of the New Zealand Utilities fund is to mitigate the impact of inflation on your investment over the medium and/or long term with active management. The fund is anticipated to mainly own and trade New Zealand utility company shares. The fund may also hold Australian shares and other actively managed authorised asset classes.
| Value | $60.9M NZD |
| Period of data report | 31st Dec. 2025 |
| Fund started | 17th March 2023 |
| Total annual fund fees | 2.84% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 2.63% |
| Other management and administration charges | 0.21% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
John Cobb |
Currently: Chair of the Investment Governance Committee and a Director (3 years, 1 months)
|
|
Michael Lang |
Currently: Chief Executive and a Director (7 years, 3 months)
|
|
Mark Brooks |
Currently: Chief Investment Officer and a Principal (1 years, 10 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2025.
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 |
|---|---|---|
| 2025 | 4.21% | -2.73% |
| 2024 | 15.33% | 6.61% |
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. 2025.
Mercury NZ Ltd
New Zealand Australasian Equities
Meridian Energy Ltd
New Zealand Australasian Equities
Telstra Corp Ltd
Australia Australasian Equities
Chorus Ltd
New Zealand Australasian Equities
Contact Energy Ltd
New Zealand Australasian Equities
Vector Ltd
New Zealand Australasian Equities
Westpac Cash
New Zealand Cash and Equivalents A-1+
Citibank New Zealand Cash
New Zealand Cash and Equivalents A-1
Westpac Bank Bill 2.74% 13/01/2026
New Zealand Cash and Equivalents A-1+
Westpac Bank Bill 2.723% 2/02/2026
New Zealand Cash and Equivalents A-1+
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 2.0% | 2.69% |
| New Zealand Fixed Interest | 4.0% | 0.0% |
| International Fixed Interest | 4.0% | 0.0% |
| Australasian Equities | 90.0% | 97.31% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2025.
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. 2025 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.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
One of Aotearoa New Zealand’s largest electric utilities companies. Operates three thermal power stations that employ gas and diesel. In FY2024, 81% of the energy Contact generated came from renewable energy (lower than in 2023 due to a dry winter). However, at the end of 2024 Contact opened a major new geothermal renewable facility - the Tauhara plant. It is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Fund type: Aggressive fund
Past Returns: *7.90%The objective of the New Zealand Utilities fund is to mitigate the impact of inflation on your investment over the medium and/or long term with active management. The fund is anticipated to mainly own and trade New Zealand utility company shares. The fund may also hold Australian shares and other actively managed authorised asset classes.
| Value | $60.9M NZD |
| Period of data report | 31st Dec. 2025 |
| Fund started | 17th March 2023 |
| Total annual fund fees | 2.84% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 2.63% |
| Other management and administration charges | 0.21% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
John Cobb |
Currently: Chair of the Investment Governance Committee and a Director (3 years, 1 months)
|
|
Michael Lang |
Currently: Chief Executive and a Director (7 years, 3 months)
|
|
Mark Brooks |
Currently: Chief Investment Officer and a Principal (1 years, 10 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2025.
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 |
|---|---|---|
| 2025 | 4.21% | -2.73% |
| 2024 | 15.33% | 6.61% |
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. 2025.
Mercury NZ Ltd
New Zealand Australasian Equities
Meridian Energy Ltd
New Zealand Australasian Equities
Telstra Corp Ltd
Australia Australasian Equities
Chorus Ltd
New Zealand Australasian Equities
Contact Energy Ltd
New Zealand Australasian Equities
Vector Ltd
New Zealand Australasian Equities
Westpac Cash
New Zealand Cash and Equivalents A-1+
Citibank New Zealand Cash
New Zealand Cash and Equivalents A-1
Westpac Bank Bill 2.74% 13/01/2026
New Zealand Cash and Equivalents A-1+
Westpac Bank Bill 2.723% 2/02/2026
New Zealand Cash and Equivalents A-1+
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 2.0% | 2.69% |
| New Zealand Fixed Interest | 4.0% | 0.0% |
| International Fixed Interest | 4.0% | 0.0% |
| Australasian Equities | 90.0% | 97.31% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2025.
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. 2025 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.
