Funds

Clarity Diversified Growth Fund

Total Ethical Concerns: 14.78%

The average total concerns of all managed aggressive funds is 12.02%.

Companies of Concern

  • Animal Cruelty 1.92%

    • Kimberly-Clark Corp.
      0.38%
      0.38%
    • Colgate-Palmolive Co.
      0.26%
      0.26%
    • Eni Spa
      0.25%
      !!
      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
      0.25%
    • Philip Morris International (Pmi)
      0.24%
      0.24%
    • Hermès International Sca
      0.13%
      0.13%
    • The Sherwin-Williams Co.
      0.11%
      0.11%
    • British American Tobacco
      0.09%
      0.09%
    • Corteva, Inc.
      0.08%
      0.08%
    • Shin-Etsu Chemical Co., Ltd.
      0.08%
      0.08%
    • Air Liquide
      0.05%
      0.05%
    • L'Oréal SA
      0.05%
      0.05%
    • Nomad Foods Ltd
      0.05%
      0.05%
    • Unicharm Corp.
      0.03%
      0.03%
    • 3M
      0.01%
      0.01%
    • Bayer
      0.01%
      0.01%
  • Human Rights Violations 3.74%

    • 1.67%
    • Nestlé
      0.39%
      0.39%
    • Wells Fargo
      0.33%
      0.33%
    • Petrobras
      0.24%
      !!
      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
      0.24%
    • Rio Tinto
      0.19%
      0.19%
    • 0.12%
    • Petrochina Co Ltd
      0.12%
      !!
      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
      0.12%
    • Caterpillar
      0.08%
      0.08%
    • 0.07%
    • Mtn Group Limited
      0.05%
      0.05%
    • 0.05%
    • UBS
      0.05%
      0.05%
    • Glencore
      0.04%
      0.04%
    • Grupo México S.A.B. De C.V.
      0.02%
      0.02%
  • Social Harm 1.01%

  • Fossil Fuels 7.16%

    • BHP
      1.15%
      !!
      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
      1.15%
    • Contact Energy Ltd.
      1.11%
      1.5°C
      This company is on a 1.5°C pathway
      1.11%
    • Channel Infrastructure
      0.79%
      0.79%
    • 0.78%
    • Santos Ltd.
      0.45%
      !!
      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
      0.45%
    • Woodside Energy 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
      0.27%
    • Eni Spa
      0.25%
      !!
      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
      0.25%
    • Petrobras
      0.24%
      !!
      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
      0.24%
    • Cenovus Energy, Inc.
      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
      0.22%
    • Totalenergies Se
      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
      0.21%
    • Rio Tinto
      0.19%
      0.19%
    • Pg&E Corp
      0.15%
      0.15%
    • Entergy Corp.
      0.13%
      0.13%
    • E.On Se
      0.12%
      0.12%
    • Petrochina Co Ltd
      0.12%
      !!
      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
      0.12%
    • Vale SA
      0.12%
      0.12%
    • BP
      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
      0.10%
    • Suncor Energy, Inc.
      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
      0.10%
    • Aker BP Asa
      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
      0.09%
    • Engie SA
      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
      0.08%
    • Delta Air Lines, Inc.
      0.06%
      0.06%
    • Phillips 66
      0.06%
      0.06%
    • 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
      0.05%
    • Conocophillips
      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
      0.04%
    • Glencore
      0.04%
      0.04%
    • 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
      0.04%
    • Itochu 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
      0.03%
    • Tc Energy 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
      0.03%
    • Canadian Natural Resources 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
      0.02%
    • Grupo México S.A.B. De C.V.
      0.02%
      0.02%
    • Marubeni 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
      0.02%
    • Tourmaline Oil 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
      0.02%
    • Aes Corporation
      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
      0.01%
    • Ftai Aviation Ltd.
      0.01%
      0.01%
  • Weapons 1.63%

    • Safran SA
      0.27%
      0.27%
    • Airbus
      0.21%
      0.21%
    • Rolls-Royce Holdings PLC
      0.20%
      0.20%
    • Howmet Aerospace, Inc.
      0.14%
      0.14%
    • Transdigm Group, Inc.
      0.14%
      0.14%
    • Bae Systems PLC
      0.13%
      0.13%
    • Northrop Grumman Corp.
      0.10%
      0.10%
    • Amphenol Corp.
      0.08%
      0.08%
    • Heico Corp.
      0.08%
      0.08%
    • 0.07%
    • Honeywell International, Inc.
      0.06%
      0.06%
    • 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
      0.05%
    • Daikin Industries Ltd.
      0.03%
      0.03%
    • L3Harris Technologies, Inc.
      0.03%
      0.03%
    • Itt, Inc.
      0.02%
      0.02%
  • Environmental Harm 2.27%

    • BHP
      1.15%
      !!
      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
      1.15%
    • Fonterra
      0.22%
      0.22%
    • Pg&E Corp
      0.15%
      0.15%
    • Vale SA
      0.12%
      0.12%
    • PepsiCo
      0.11%
      0.11%
    • Corteva, Inc.
      0.08%
      0.08%
    • Danone
      0.08%
      0.08%
    • 0.07%
    • 0.07%
    • Honeywell International, Inc.
      0.06%
      0.06%
    • Mondelez
      0.05%
      0.05%
    • Glencore
      0.04%
      0.04%
    • Bunge
      0.03%
      0.03%
    • 3M
      0.01%
      0.01%
    • Bayer
      0.01%
      0.01%

From the Fund Provider

  • About this fund

    About this Fund

    The Fund will provide actively managed exposure to New Zealand, Australian and international equities, and aims to generate a better return than the benchmark over the medium to long term. The Fund primarily invests in managed funds (including other Clarity funds) to achieve a well-diversified portfolio of assets.

    Value $5.94M NZD
    Period of data report 31st March 2025
    Fund started 3rd April 2017
    Total annual fund fees 1.17%
    Total performance based fees 0.0%
    Manager's basic fee 0.77%
    Other management and administration charges 0.41%
    Total other charges 0.0
    Total other charges currency NZD

    Alan Lee

    Currently: Director, Clarity Funds Management Limited (19 years, 9 months)
    Previously: Director, Jarden Morgan Investment Services Limited (4 years, 0 months)

    Andrew Kelleher

    Currently: Director, Clarity Funds Management Limited (16 years, 11 months)
    Previously: Acting Managing Principal, ASB Securities Limited and Investment Consultant, ASB Limited (3 years, 5 months)

    Josh Wilson

    Currently: Chief Investment Officer, Clarity Funds Management Limited (6 years, 0 months)
    Previously: Portfolio Manager, NZ Funds (7 years, 10 months)

    Louis Loader

    Currently: Investment Analyst, Clarity Funds Management Limited (1 years, 6 months)
    Previously: Investment Analyst, NZ Funds (2 years, 3 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

  • Past Returns

    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
    2025 4.07% 4.87%
    2024 15.78% 19.13%
    2023 -4.85% -2.24%
    2022 3.53% 7.12%
    2021 35.55% 37.88%
    2020 -7.06% -10.75%
    2019 10.17% 0.24%

    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 March 2025.

  • Investments

    Top 10 Investments

    • Capital Group New Perspective Fund Class Ch-NZD

      Luxembourg International Equities

      13.26%
    • Capital Group New Perspective Fund Class C NZD

      Luxembourg International Equities

      11.66%
    • NZD Cash At Bank

      New Zealand Cash and Equivalents

      10.53%
    • Meridian Energy Limited

      New Zealand Australasian Equities

      2.16%
    • Spark New Zealand Ltd

      New Zealand Australasian Equities

      1.71%
    • CSL Limited

      Australia Australasian Equities

      1.43%
    • Ebos Group Ltd

      New Zealand Australasian Equities

      1.2%
    • BHP Group Ltd

      Australia Australasian Equities

      1.15%
    • Contact Energy Ltd

      New Zealand Australasian Equities

      1.11%
    • National Australia Bank Ltd

      Australia Australasian Equities

      1.09%
    Type Target Actual
    Cash and Cash Equivalents 5.0% 11.58%
    New Zealand Fixed Interest 0.0% 0.0%
    International Fixed Interest 0.0% 0.0%
    Australasian Equities 37.5% 38.86%
    International Equities 57.5% 49.56%
    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 by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

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 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.

Issues of Concern

  • 1.92% Animal Cruelty
  • 3.74% Human Rights Violations
  • 1.01% Social Harm
  • 7.16% Fossil Fuels
  • 1.63% Weapons
  • 2.27% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • Kimberly-Clark Corp.
      0.38%
      0.38%
    • Colgate-Palmolive Co.
      0.26%
      0.26%
    • Eni Spa
      0.25%
      !!
      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
      0.25%
    • Philip Morris International (Pmi)
      0.24%
      0.24%
    • Hermès International Sca
      0.13%
      0.13%
    • The Sherwin-Williams Co.
      0.11%
      0.11%
    • British American Tobacco
      0.09%
      0.09%
    • Corteva, Inc.
      0.08%
      0.08%
    • Shin-Etsu Chemical Co., Ltd.
      0.08%
      0.08%
    • Air Liquide
      0.05%
      0.05%
    • L'Oréal SA
      0.05%
      0.05%
    • Nomad Foods Ltd
      0.05%
      0.05%
    • Unicharm Corp.
      0.03%
      0.03%
    • 3M
      0.01%
      0.01%
    • Bayer
      0.01%
      0.01%
  • Human Rights Violations

    • 1.67%
    • Nestlé
      0.39%
      0.39%
    • Wells Fargo
      0.33%
      0.33%
    • Petrobras
      0.24%
      !!
      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
      0.24%
    • Rio Tinto
      0.19%
      0.19%
    • 0.12%
    • Petrochina Co Ltd
      0.12%
      !!
      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
      0.12%
    • Caterpillar
      0.08%
      0.08%
    • 0.07%
    • Mtn Group Limited
      0.05%
      0.05%
    • 0.05%
    • UBS
      0.05%
      0.05%
    • Glencore
      0.04%
      0.04%
    • Grupo México S.A.B. De C.V.
      0.02%
      0.02%
  • Fossil Fuels

    • BHP
      1.15%
      !!
      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
      1.15%
    • Contact Energy Ltd.
      1.11%
      1.5°C
      This company is on a 1.5°C pathway
      1.11%
    • Channel Infrastructure
      0.79%
      0.79%
    • 0.78%
    • Santos Ltd.
      0.45%
      !!
      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
      0.45%
    • Woodside Energy 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
      0.27%
    • Eni Spa
      0.25%
      !!
      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
      0.25%
    • Petrobras
      0.24%
      !!
      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
      0.24%
    • Cenovus Energy, Inc.
      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
      0.22%
    • Totalenergies Se
      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
      0.21%
    • Rio Tinto
      0.19%
      0.19%
    • Pg&E Corp
      0.15%
      0.15%
    • Entergy Corp.
      0.13%
      0.13%
    • E.On Se
      0.12%
      0.12%
    • Petrochina Co Ltd
      0.12%
      !!
      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
      0.12%
    • Vale SA
      0.12%
      0.12%
    • BP
      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
      0.10%
    • Suncor Energy, Inc.
      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
      0.10%
    • Aker BP Asa
      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
      0.09%
    • Engie SA
      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
      0.08%
    • Delta Air Lines, Inc.
      0.06%
      0.06%
    • Phillips 66
      0.06%
      0.06%
    • 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
      0.05%
    • Conocophillips
      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
      0.04%
    • Glencore
      0.04%
      0.04%
    • 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
      0.04%
    • Itochu 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
      0.03%
    • Tc Energy 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
      0.03%
    • Canadian Natural Resources 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
      0.02%
    • Grupo México S.A.B. De C.V.
      0.02%
      0.02%
    • Marubeni 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
      0.02%
    • Tourmaline Oil 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
      0.02%
    • Aes Corporation
      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
      0.01%
    • Ftai Aviation Ltd.
      0.01%
      0.01%
  • Weapons

    • Safran SA
      0.27%
      0.27%
    • Airbus
      0.21%
      0.21%
    • Rolls-Royce Holdings PLC
      0.20%
      0.20%
    • Howmet Aerospace, Inc.
      0.14%
      0.14%
    • Transdigm Group, Inc.
      0.14%
      0.14%
    • Bae Systems PLC
      0.13%
      0.13%
    • Northrop Grumman Corp.
      0.10%
      0.10%
    • Amphenol Corp.
      0.08%
      0.08%
    • Heico Corp.
      0.08%
      0.08%
    • 0.07%
    • Honeywell International, Inc.
      0.06%
      0.06%
    • 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
      0.05%
    • Daikin Industries Ltd.
      0.03%
      0.03%
    • L3Harris Technologies, Inc.
      0.03%
      0.03%
    • Itt, Inc.
      0.02%
      0.02%
  • Environmental Harm

    • BHP
      1.15%
      !!
      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
      1.15%
    • Fonterra
      0.22%
      0.22%
    • Pg&E Corp
      0.15%
      0.15%
    • Vale SA
      0.12%
      0.12%
    • PepsiCo
      0.11%
      0.11%
    • Corteva, Inc.
      0.08%
      0.08%
    • Danone
      0.08%
      0.08%
    • 0.07%
    • 0.07%
    • Honeywell International, Inc.
      0.06%
      0.06%
    • Mondelez
      0.05%
      0.05%
    • Glencore
      0.04%
      0.04%
    • Bunge
      0.03%
      0.03%
    • 3M
      0.01%
      0.01%
    • Bayer
      0.01%
      0.01%

About this Fund

The Fund will provide actively managed exposure to New Zealand, Australian and international equities, and aims to generate a better return than the benchmark over the medium to long term. The Fund primarily invests in managed funds (including other Clarity funds) to achieve a well-diversified portfolio of assets.

Value $5.94M NZD
Period of data report 31st March 2025
Fund started 3rd April 2017
Total annual fund fees 1.17%
Total performance based fees 0.0%
Manager's basic fee 0.77%
Other management and administration charges 0.41%
Total other charges 0.0
Total other charges currency NZD

Alan Lee

Currently: Director, Clarity Funds Management Limited (19 years, 9 months)
Previously: Director, Jarden Morgan Investment Services Limited (4 years, 0 months)

Andrew Kelleher

Currently: Director, Clarity Funds Management Limited (16 years, 11 months)
Previously: Acting Managing Principal, ASB Securities Limited and Investment Consultant, ASB Limited (3 years, 5 months)

Josh Wilson

Currently: Chief Investment Officer, Clarity Funds Management Limited (6 years, 0 months)
Previously: Portfolio Manager, NZ Funds (7 years, 10 months)

Louis Loader

Currently: Investment Analyst, Clarity Funds Management Limited (1 years, 6 months)
Previously: Investment Analyst, NZ Funds (2 years, 3 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

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
2025 4.07% 4.87%
2024 15.78% 19.13%
2023 -4.85% -2.24%
2022 3.53% 7.12%
2021 35.55% 37.88%
2020 -7.06% -10.75%
2019 10.17% 0.24%

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 March 2025.

Top 10 Investments

  • Capital Group New Perspective Fund Class Ch-NZD

    Luxembourg International Equities

    13.26%
  • Capital Group New Perspective Fund Class C NZD

    Luxembourg International Equities

    11.66%
  • NZD Cash At Bank

    New Zealand Cash and Equivalents

    10.53%
  • Meridian Energy Limited

    New Zealand Australasian Equities

    2.16%
  • Spark New Zealand Ltd

    New Zealand Australasian Equities

    1.71%
  • CSL Limited

    Australia Australasian Equities

    1.43%
  • Ebos Group Ltd

    New Zealand Australasian Equities

    1.2%
  • BHP Group Ltd

    Australia Australasian Equities

    1.15%
  • Contact Energy Ltd

    New Zealand Australasian Equities

    1.11%
  • National Australia Bank Ltd

    Australia Australasian Equities

    1.09%
Type Target Actual
Cash and Cash Equivalents 5.0% 11.58%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 37.5% 38.86%
International Equities 57.5% 49.56%
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 by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.