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.


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

Companies of concern

    • E.On Se 7.93%
    • National Grid PLC 7.88% !!
      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

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. 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

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, with downside mitigation.

Value $49.2M NZD
Period of data report 31st Dec. 2023
Fund started 17th March 2023
Total annual fund fees 2.95%
Total performance based fees 0.02%
Manager's basic fee 2.77%
Other management and administration charges 0.16%
Total other charges 0.0
Total other charges currency NZD

Michael Lang

Currently: Chief Executive and a Director (5 years, 3 months)
Previously: Chief Investment Officer, New Zealand Funds Management Limited (10 years, 1 months)

Mark Brooks

Currently: Head of Income and a Principal (16 years, 1 months)
Previously: Senior Portfolio Manager, Credaris (3 years, 4 months)

David Haslam

Currently: Senior Dealer (7 years, 0 months)
Previously: Equities Trader, UBS NZ (0 years, 11 months)

Paul Van Wetering

Currently: Head of Investment Operations and Responsible Investing (4 years, 0 months)
Previously: Investment Analyst, New Zealand Funds Management Limited (6 years, 10 months)

Casey Keiper

Currently: Senior Equity Analyst (1 years, 3 months)
Previously: Equity Analyst, Hobson Wealth (1 years, 4 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 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

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. 2023.

Top 10 Investments

  • Edison International
    United States International Equities
  • Terna - Rete Elettrica Nazionale
    Italy International Equities
  • National Grid PLC
    United Kingdom International Equities
  • Eversource Energy
    United States International Equities
  • E.On Se
    Germany International Equities
  • American Water Works Co Inc
    United States International Equities
  • Redeia Corp SA
    Spain International Equities
  • Severn Trent PLC
    United Kingdom Other
  • United Utilities Group PLC
    United Kingdom International Equities
  • Exelon Corp
    United States International Equities
Type Target Actual
Cash and Cash Equivalents 2.0% 20.42%
New Zealand Fixed Interest 12.0% 0.0%
International Fixed Interest 13.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 70.0% 77.29%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 3.0% 1.2%
Commodities 0.0% 1.09%

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 31st Dec. 2023.