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 2.01%
    • China Petroleum & Chemical-H 1.07% !!
      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
    • Wells Fargo & Co 0.96%
    • Glencore PLC 0.75%
    • Rio Tinto PLC 0.66%
    • Nestle SA-Reg 0.40%
    • Archer-Daniels-Midland Co 1.15%
    • Bayer AG-Reg 0.99%
    • P G & E Corp 0.78%
    • Glencore PLC 0.75%
    • Chemours Co/The 0.42%
    • Nutrien Ltd 0.29%
    • Eni Spa 1.44% !!
      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
    • Kimberly-Clark Corp 1.22%
    • China Petroleum & Chemical-H 1.07% !!
      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
    • Bayer AG-Reg 0.99%
    • Colgate-Palmolive Co 0.61%
    • Burberry Group PLC 0.48%
    • LVMH Moet Hennessy Louis Vui 0.43%
    • Chemours Co/The 0.42%
    • Nutrien Ltd 0.29%
    • Eni Spa 1.44% !!
      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
    • China Petroleum & Chemical-H 1.07% !!
      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
    • Valero Energy Corp 1.04%
    • Suncor Energy Inc 0.93% !!
      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
    • Fairfax Financial Hldgs Ltd 0.86%
    • P G & E Corp 0.78%
    • Glencore PLC 0.75%
    • Rio Tinto PLC 0.66%
    • E.On Se 0.51%
    • Iberdrola SA 0.49% 1.5°C
      This company is on a 1.5°C pathway
    • Phillips 66 0.43%
    • Petrobras - Petroleo Bras 0.41% !!
      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 0.30% !!
      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 Fund will provide actively managed exposure to international equities, and aims to generate a better return than the benchmark over the medium to long term. We use a global investment manager for this Fund, being MFS. MFS use a mix of fundamental and quantitative analysis to select companies.

Value $153M NZD
Period of data report 30th Sept. 2023
Fund started 3rd April 2017
Total annual fund fees 1.06%
Total performance based fees 0.0%
Manager's basic fee 0.66%
Other management and administration charges 0.4%
Total other charges 0.0
Total other charges currency NZD

Josh Wilson

Currently: Chief Investment Officer, Clarity Funds Management Limited (4 years, 6 months)
Previously: Portfolio Manager, NZ Funds (7 years, 10 months)

Alan Lee

Currently: Director, Clarity Funds Management Limited (18 years, 3 months)
Previously: Director, Jarden Morgan Investment Services Limited (4 years, 0 months)

Andrew Kelleher

Currently: Director, Clarity Funds Management Limited (15 years, 5 months)
Previously: Acting Managing Principal, ASB Securities Limited and Investment Consultant, ASB Limited (3 years, 5 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 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% 2.04%
2022 3.53% 8.22%
2021 35.55% 36.39%
2020 -7.06% -5.73%
2019 10.17% 3.01%

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 Sept. 2023.

Top 10 Investments

  • Microsoft Corporation
    United States International Equities
    4.19%
  • Alphabet Inc Class A
    United States International Equities
    3.72%
  • Apple Inc
    United States International Equities
    3.0%
  • USD Cash At Bank
    United States Cash and Equivalents
    2.05%
  • Meta Platforms Inc
    United States International Equities
    1.99%
  • Amazon.Com Inc
    United States International Equities
    1.95%
  • Nvidia Corp
    United States International Equities
    1.8%
  • Applied Materials Inc
    United States International Equities
    1.61%
  • Booking Holdings Inc
    United States International Equities
    1.48%
  • Eni Spa
    Italy International Equities
    1.44%
Type Target Actual
Cash and Cash Equivalents 2.0% 1.59%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.75%
International Equities 98.0% 97.66%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
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 Sept. 2023.