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 0.86%
    • Johnson & Johnson 0.85%
    • Nestle SA-Reg 0.78%
    • Wells Fargo & Co 0.19%
    • Motorola Solutions Inc 0.18%
    • Bank Leumi Le-Israel 0.16%
    • Uber Technologies Inc 0.15%
    • Bank Hapoalim Bm 0.11%
    • Centrais Eletricas Brasilier 0.11%
    • Rio Tinto PLC 0.10%
    • Mtn Group Ltd 0.07%
    • Caterpillar Inc 0.05%
    • Vale SA-Sp Adr 0.40%
    • BHP Group Ltd 0.33% !!
      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
    • Freeport-Mcmoran Inc 0.27%
    • Shell PLC 0.23% !!
      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
    • Zijin Mining Group Co Ltd-H 0.18%
    • Evergreen Marine Corp Ltd 0.09%
    • Archer-Daniels-Midland Co 0.03%
    • Bunge Ltd 0.03%
    • Duke Energy Corp 0.02%
    • Corteva Inc 0.01%
    • Unilever PLC 0.77%
    • LVMH Moet Hennessy Louis Vui 0.53%
    • Procter & Gamble Co/The 0.43%
    • Sherwin-Williams Co/The 0.28%
    • Seiko Epson Corp 0.24%
    • Shell PLC 0.23% !!
      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
    • Exxon Mobil Corp 0.22% !!
      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
    • Otsuka Corp 0.21%
    • Chevron Corp 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
    • Koninklijke Ahold Delhaize N 0.17%
    • Daicel Corp 0.16%
    • Elementis PLC 0.15%
    • Yara International Asa 0.13%
    • Clorox Company 0.12%
    • Albemarle Corp 0.08%
    • Reliance Industries 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
    • Colgate-Palmolive Co 0.07%
    • Johnson Matthey PLC 0.07%
    • Kimberly-Clark Corp 0.07%
    • Shiseido Co Ltd 0.07%
    • Skshu Paint Co Ltd-A 0.06%
    • Hormel Foods Corp 0.04%
    • Kao Corp 0.04%
    • Beijing Oriental Yuhong-A 0.03%
    • Dow Inc 0.03%
    • Dupont De Nemours Inc 0.03%
    • Eni Spa 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
    • Hermes International 0.03%
    • Mosaic Co/The 0.03%
    • Eastman Chemical Co 0.02%
    • Estee Lauder Companies-Cl A 0.02%
    • Intl Flavors & Fragrances 0.02%
    • Kering 0.02%
    • Moncler Spa 0.02%
    • Mowi Asa 0.02%
    • Ricoh Co Ltd 0.02%
    • Tyson Foods Inc-Cl A 0.02%
    • Corteva Inc 0.01%
    • Ems-Chemie Holding AG-Reg 0.01%
    • Otsuka Holdings Co Ltd 0.01%
    • L3Harris Technologies Inc 0.22%
    • Ricardo PLC 0.18%
    • Melrose Industries PLC 0.17%
    • Qinetiq Group PLC 0.17%
    • Rolls-Royce Holdings PLC 0.17%
    • Tt Electronics PLC 0.07%
    • Booz Allen Hamilton Holdings 0.04%
    • Walmart Inc 0.04%
    • Centrica PLC 0.47%
    • BP PLC 0.44% !!
      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-Sp Adr 0.40%
    • BHP Group Ltd 0.33% !!
      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
    • Suncor Energy Inc 0.29% !!
      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
    • Saudi Arabian Oil Co 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 0.23% !!
      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
    • Exxon Mobil Corp 0.22% !!
      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
    • Aluminum Corp Of China Ltd-H 0.20%
    • Equinor Asa 0.19% !!
      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 0.17% !!
      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
    • Petroleo Brasileiro-Spon Adr 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
    • Jardine Matheson Hldgs Ltd 0.16%
    • Halliburton Co 0.15%
    • Intertek Group PLC 0.15%
    • Itochu Corp 0.15% !!
      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
    • Tokyo Gas Co Ltd 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
    • Citic Securities Co Ltd-H 0.09%
    • Reliance Industries 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
    • Valero Energy Corp 0.08%
    • Kosmos Energy Ltd 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
    • Ck Hutchison Holdings Ltd 0.06%
    • Cms Energy Corp 0.06%
    • Eog Resources Inc 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
    • Marathon Petroleum Corp 0.06%
    • South32 Ltd 0.05%
    • Consolidated Edison Inc 0.04%
    • Phillips 66 0.04%
    • Tullow Oil PLC 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
    • Xcel Energy Inc 0.04%
    • Constellation Energy 0.03%
    • Engie 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
    • Eni Spa 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
    • Mitsubishi 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
    • Repsol SA 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
    • Ugi Corp 0.03%
    • Atco Ltd -Class I 0.02%
    • Atmos Energy Corp 0.02%
    • Conocophillips 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
    • Dominion Energy Inc 0.02%
    • Dte Energy Company 0.02%
    • Duke Energy Corp 0.02%
    • Hong Kong & China Gas 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
    • Inpex 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
    • Loews Corp 0.02%
    • Mitsui & Co Ltd 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
    • Nextera Energy Inc 0.02%
    • Nrg Energy Inc 0.02%
    • Parex Resources 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
    • Power Assets Holdings Ltd 0.02%
    • Public Service Enterprise Gp 0.02%
    • Teekay Tankers Ltd-Class A 0.02%
    • Wec Energy Group Inc 0.02%
    • Capital Power Corp 0.01%
    • Diamondback Energy Inc 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
    • Kinder Morgan Inc 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
    • OMV AG 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

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

The underlying investment exposure is predominantly to a broad range of international shares listed on stock exchanges in developed markets as well as emerging international markets. Derivatives may be used to obtain or reduce exposure to securities and markets, to implement investment strategies and to manage risk. The Fund targets a position of being fully hedged back to New Zealand Dollars. Due to active currency management by the underlying managers, there will generally be some foreign currency exposure.

Value $260M NZD
Period of data report 30th June 2023
Fund started 24th July 2012
Total annual fund fees 0.93%
Total performance based fees 0.0%
Manager's basic fee 0.87%
Other management and administration charges 0.06%
Total other charges 0.0
Total other charges currency NZD

Jordan Mccall

Currently: Lead Portfolio Manager, Global Equities, Russell Investments (0 years, 6 months)
Previously: Back-up Portfolio Manager, Russell Investments (7 years, 3 months)

Patrick Egan

Currently: Back-up Portfolio Manager, Russell Investments (0 years, 6 months)
Previously: Member of Global Equity portfolio management team, Russell Investments (17 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% -7.57%
2022 3.53% 5.28%
2021 35.55% 50.52%
2020 -7.06% -15.27%
2019 10.17% 0.37%
2018 7.53% 11.47%
2017 9.49% 17.84%
2016 4.71% -5.52%
2015 14.67% 16.5%
2014 10.13% 17.02%

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

  • S&P 500 Emini 2309 F
    United States International Equities
    15.8%
  • Microsoft Corp
    United States International Equities
    3.18%
  • Dj EUR St50 2309 Fu
    Germany International Equities
    1.92%
  • Taiwan Semiconduct Manufacturing USD
    Taiwan, Province of China International Equities
    1.73%
  • Apple Inc
    United States Australasian Equities
    1.47%
  • Facebook Inc Com USD Cl A
    United States International Equities
    1.36%
  • S&P Se60 Idx 2309
    Canada International Equities
    1.32%
  • Alphabet Inc Cap Cl C
    United States International Equities
    1.3%
  • Unitedhealth Group Inc Com Stk
    United States International Equities
    1.23%
  • Samsung Electronics Co Ltd
    Korea, Republic of International Equities
    1.17%
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% 0.82%
International Equities 100.0% 97.01%
Listed Properties 0.0% 0.98%
Unlisted Properties 0.0% 0.0%
Other 0.0% 1.22%
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.