Fund type: Aggressive fund
Past Returns: *8.57%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.
Portugal’s largest generator and distributor of electricity. It is the 4th largest generator of wind power in the world with 90% generated by renewables. However, revenue is still generated from fossil fuels; 5% from coal-fired plants and 5% from oil and gas. EDP have committed to being carbon neutral by 2030. The company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Operates electric and natural gas transmission systems in the UK and US. It also operates facilities for storing LNG. including the Grain LNG terminal in the UK which is the largest LNG facility in Europe and 8th globally.
Fund type: Aggressive fund
Past Returns: *8.57%The objective of the Global 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 international utility company shares. The fund may also hold other actively managed authorised asset classes.
| Value | $57.6M NZD |
| Period of data report | 31st Dec. 2025 |
| Fund started | 17th March 2023 |
| Total annual fund fees | 2.85% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 2.63% |
| Other management and administration charges | 0.22% |
| 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% | 5.53% |
| 2024 | 15.33% | -2.21% |
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.
Goldman Sachs Futures
United States Cash and Equivalents A-1
Hydro One Ltd
Canada International Equities
Elia Group SA/Nv
Belgium International Equities
E.On Se
Germany International Equities
Edp SA
Portugal International Equities
Edison International
United States International Equities
Edp Renovaveis SA
Spain International Equities
Terna - Rete Elettrica Nazionale
Italy International Equities
Acciona SA
Spain International Equities
Essential Utilities Inc
United States International Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 2.0% | 5.91% |
| New Zealand Fixed Interest | 4.0% | 0.0% |
| International Fixed Interest | 4.0% | 0.02% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 90.0% | 94.07% |
| 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.
Portugal’s largest generator and distributor of electricity. It is the 4th largest generator of wind power in the world with 90% generated by renewables. However, revenue is still generated from fossil fuels; 5% from coal-fired plants and 5% from oil and gas. EDP have committed to being carbon neutral by 2030. The company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Operates electric and natural gas transmission systems in the UK and US. It also operates facilities for storing LNG. including the Grain LNG terminal in the UK which is the largest LNG facility in Europe and 8th globally.
Fund type: Aggressive fund
Past Returns: *8.57%The objective of the Global 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 international utility company shares. The fund may also hold other actively managed authorised asset classes.
| Value | $57.6M NZD |
| Period of data report | 31st Dec. 2025 |
| Fund started | 17th March 2023 |
| Total annual fund fees | 2.85% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 2.63% |
| Other management and administration charges | 0.22% |
| 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% | 5.53% |
| 2024 | 15.33% | -2.21% |
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.
Goldman Sachs Futures
United States Cash and Equivalents A-1
Hydro One Ltd
Canada International Equities
Elia Group SA/Nv
Belgium International Equities
E.On Se
Germany International Equities
Edp SA
Portugal International Equities
Edison International
United States International Equities
Edp Renovaveis SA
Spain International Equities
Terna - Rete Elettrica Nazionale
Italy International Equities
Acciona SA
Spain International Equities
Essential Utilities Inc
United States International Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 2.0% | 5.91% |
| New Zealand Fixed Interest | 4.0% | 0.0% |
| International Fixed Interest | 4.0% | 0.02% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 90.0% | 94.07% |
| 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.
