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 0.37%
    • Nestle SA-Reg 0.29%
    • Motorola Solutions Inc 0.20%
    • Johnson & Johnson 0.16%
    • Thermo Fisher Scientific Inc 0.11%
    • Activision Blizzard Inc 0.09%
    • First Intl Bank Israel 0.04%
    • Bank Hapoalim Bm 0.03%
    • Grupo Mexico Sab De Cv-Ser B 0.03%
    • Petrochina Co Ltd-H 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
    • Caterpillar Inc 0.02%
    • Wells Fargo & Co 0.02%
    • China Petroleum & Chemical-H 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
    • Mtn Group Ltd 0.01%
    • Rio Tinto PLC 0.01%
    • BHP Group Ltd 0.27% !!
      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
    • Shell PLC 0.21% !!
      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
    • Barrick Gold Corp 0.18%
    • Vale SA 0.08%
    • Evergreen Marine Corp Ltd 0.05%
    • Fmc Corp 0.04%
    • Posco 0.03%
    • Southern Copper Corp 0.02%
    • Duke Energy Corp 0.01%
    • Fuji Oil Co Ltd 0.01%
    • Zijin Mining Group Co Ltd-H 0.01%
    • Koninklijke Ahold Delhaize N 0.25%
    • Procter & Gamble Co/The 0.25%
    • Shell PLC 0.21% !!
      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
    • Nomad Foods Ltd 0.16%
    • Colgate-Palmolive Co 0.15%
    • Eni Spa 0.13% !!
      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 0.13%
    • Kimberly-Clark Corp 0.13%
    • Church & Dwight Co Inc 0.10%
    • Hermes International 0.09%
    • Estee Lauder Companies-Cl A 0.08%
    • Capri Holdings Ltd 0.07%
    • Ecolab Inc 0.06%
    • Rpm International Inc 0.06%
    • Tyson Foods Inc-Cl A 0.06%
    • Air Liquide SA 0.05%
    • Clorox Company 0.05%
    • Croda International PLC 0.05%
    • Koninklijke Dsm Nv 0.05%
    • L'Oreal 0.05%
    • Fmc Corp 0.04%
    • Symrise AG 0.04%
    • Hormel Foods Corp 0.03%
    • LVMH Moet Hennessy Louis Vui 0.03%
    • Tapestry Inc 0.03%
    • Unilever PLC 0.03%
    • Amorepacific Group 0.02%
    • Ashland Global Holdings Inc 0.02%
    • Evonik Industries AG 0.02%
    • Intl Flavors & Fragrances 0.02%
    • Mitsubishi Gas Chemical Co 0.02%
    • Nippon Shokubai Co Ltd 0.02%
    • Otsuka Holdings Co Ltd 0.02%
    • Ralph Lauren Corp 0.02%
    • Six Flags Entertainment Corp 0.02%
    • China Petroleum & Chemical-H 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
    • Kolon Industries Inc 0.01%
    • Lion Corp 0.01%
    • Otsuka Holdings Co Ltd- Unsp 0.01%
    • Sumitomo Chemical Co Ltd 0.01%
    • Mtu Aero Engines AG 0.08%
    • Singapore Tech Engineering 0.03%
    • Contact Energy Ltd 1.25% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.27% !!
      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 0.22%
    • Shell PLC 0.21% !!
      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 0.18% 1.5°C
      This company is on a 1.5°C pathway
    • Total SA 0.18%
    • Eni Spa 0.13% !!
      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 0.12%
    • Public Service Enterprise Gp 0.11%
    • BP PLC 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
    • Entergy Corp 0.10%
    • Dominion Energy Inc 0.09%
    • Engie 0.09% !!
      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
    • Orsted A/S 0.09% 1.5°C
      This company is on a 1.5°C pathway
    • Xcel Energy Inc 0.09%
    • Dte Energy Company 0.08%
    • Iberdrola SA 0.08% 1.5°C
      This company is on a 1.5°C pathway
    • Jefferies Financial Group In 0.08%
    • Mitsui & Co Ltd 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
    • Vale SA 0.08%
    • Valero Energy Corp 0.08%
    • Alliant Energy Corp 0.07%
    • E.On Se 0.07%
    • Emera Inc 0.07%
    • Genesis Energy Ltd 0.07%
    • National Grid PLC 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
    • Mitsubishi Corp 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
    • OMV AG 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
    • Snam Spa 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
    • Hera Spa 0.05%
    • Imperial Oil 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
    • Sojitz Corp 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
    • Viva Energy Group 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
    • Allete Inc 0.04%
    • Birchcliff Energy Ltd 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
    • Cosmo Energy Holdings Co Ltd 0.04%
    • Hk Electric Investments -Ss 0.04%
    • Japan Petroleum Exploration 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
    • Jizhong Energy Resources-A 0.04%
    • Nippon Steel Trading Corp 0.04%
    • Parex Resources Inc 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
    • Pbf Energy Inc-Class A 0.04%
    • Petrobras - Petroleo Bras-Pr 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
    • Repsol SA 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
    • Sempra Energy 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
    • A2A Spa 0.03%
    • Enbridge 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
    • Equinor Asa 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
    • Grupo Mexico Sab De Cv-Ser B 0.03%
    • Marathon Petroleum Corp 0.03%
    • Marubeni 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
    • Petrochina Co Ltd-H 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
    • Pinnacle West Capital 0.03%
    • Post Holdings Inc 0.03%
    • Cheniere Energy Inc 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
    • Guizhou Panjiang Refined-A 0.02%
    • Itochu Enex Co Ltd 0.02%
    • Kinder Morgan Inc 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
    • Mitsubishi Materials Corp 0.02%
    • Mitsui Osk Lines Ltd 0.02%
    • Nippon Yusen Kk 0.02%
    • Oneok Inc 0.02%
    • Phillips 66 0.02%
    • Samsung C&T Corp 0.02%
    • Saudi Arabian Oil Co 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
    • Targa Resources Corp 0.02%
    • Tc Energy Corp 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
    • Williams Cos Inc 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
    • Arch Resources Inc 0.01%
    • BP PLC-Spons Adr 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
    • Cez As 0.01%
    • China Petroleum & Chemical-H 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
    • Duke Energy Corp 0.01%
    • Enn Energy Holdings Ltd 0.01%
    • Hf Sinclair Corp 0.01%
    • Kunlun Energy Co 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
    • Neste Oyj 0.01%
    • Parkland Corp 0.01%
    • Pembina Pipeline 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
    • Posco Holdings Inc -Spon Adr 0.01%
    • Sumitomo Chemical Co Ltd 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 almost entirely in growth assets such as shares and real assets, with only a small amount invested in defensive assets such as fixed interest and cash. May be suitable for investors wanting to invest predominantly in growth assets, who want higher long-term returns and are comfortable with high volatility in returns.

Value $14M NZD
Period of data report 30th June 2023
Fund started 9th Oct. 2015
Total annual fund fees 1.12%
Total performance based fees 0.0%
Manager's basic fee 0.91%
Other management and administration charges 0.21%
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 -5.17% -2.82%
2022 3.53% 3.03%
2021 35.55% 30.22%
2020 -7.06% -6.62%
2019 10.17% 6.18%
2018 7.53% 9.01%
2017 9.49% 10.63%

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

  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    2.43%
  • First Sentier Global Listed Infrastructure Fund
    New Zealand Other
    2.07%
  • Infratil Limited
    New Zealand Australasian Equities
    1.62%
  • Microsoft Corporation
    United States Australasian Equities
    1.61%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    1.55%
  • BNP Paribas US Dollar Account
    United States International Equities
    1.46%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    1.35%
  • Contact Energy Limited
    New Zealand Australasian Equities
    1.32%
  • Mainfreight Limited
    New Zealand Australasian Equities
    1.24%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    1.11%
Type Target Actual
Cash and Cash Equivalents 1.0% 1.41%
New Zealand Fixed Interest 1.0% 0.95%
International Fixed Interest 3.0% 2.96%
Australasian Equities 20.0% 21.76%
International Equities 61.0% 59.0%
Listed Properties 3.5% 3.35%
Unlisted Properties 3.5% 3.48%
Other 7.0% 7.09%
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.