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:

  • Adult Entertainment/Pornography
  • Alcohol
  • Animal Cruelty
  • Fossil Fuels
  • Gambling
  • GMOs
  • Human Rights & Environmental Violations
  • Palm Oil
  • Tobacco
  • Weapons

Companies of concern

    • Suncor Energy Inc 2.33%
    • Anglo American PLC 2.21%
    • Shell PLC Ord Eur0.07 1.35%
    • Safran SA 1.55%
    • Amphenol Corp Cl A 0.95%
    • Kbr Inc 0.81%
    • Heico Corp Com Usd0.01 0.56%
    • Evolution Ab 0.35%
    • Pernod-Ricard SA 0.56%
    • Shell PLC Ord Eur0.07 1.35%
    • Thermo Fisher Scientific Inc 1.14%
    • Nestle SA 0.86%
    • Kbr Inc 0.81%
    • Shell PLC Ord Eur0.07 1.35%
    • Coca Cola Co USD 0.90%
    • Nestle SA 0.86%
    • Kerry Group PLC-A 0.68%
    • LVMH Moet Hennessy Vuitton Se 0.67%
    • Entegris Inc 0.46%

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. 2022 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 provides investors with long term growth from an actively managed investment portfolio selected from global equity markets with currency exposure created as a consequence of global equity investment gross hedged 139% to the New Zealand Dollar.

Value $18M NZD
Period of data report 31st Dec. 2022
Fund started 14th Jan. 2013
Total annual fund fees 1.42%
Total performance based fees 0.0%
Manager's basic fee 1.42%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

George Carter

Currently: Managing Director and Member of Investment Committee (7 years, 2 months)
Previously: Director, Head of Distribution - AMP Capital Investors NZ Ltd (6 years, 4 months)

Fergus Mcdonald

Currently: Head of Bonds and Currency and Member of Investment Committee (22 years, 6 months)
Previously: NZ Fixed Interest Portfolio Manager - Tyndall Investment Management NZ Ltd (10 years, 5 months)

Stuart Williams

Currently: Head of Equities and Member of Investment Committee (8 years, 5 months)
Previously: Portfolio Manager - OnePath (NZ) Limited (1 years, 7 months)

James Wesley

Currently: Head of Distribution and Member of Investment Committee (9 years, 1 months)
Previously: Head of Australia - Wholesale - Threadneedle Investments (3 years, 0 months)

James Rogers

Currently: Chief Operating Officer and Member of Investment Committee (5 years, 9 months)
Previously: Senior Project Manager - Nikko Asset Management New Zealand Limited (0 years, 4 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.

Investment Exclusions

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

Issue of concern Does this fund say it excludes this? Actual holdings
Adult Entertainment /Pornography 0.00%
Alcohol 0.56%
Animal Cruelty 4.93%
Fossil Fuels 5.90%
Gambling 0.35%
GMOs 0.00%
Human Rights & Environmental Violations 4.16%
Palm Oil 0.00%
Tobacco 0.00%
Weapons 3.86%

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. 2022 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.

Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

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
2022 3.19% 8.36%
2021 36.07% 55.53%
2020 -7.33% -9.75%
2019 10.16% 4.84%
2018 7.53% 11.11%
2017 9.49% 12.07%
2016 4.71% 0.67%
2015 14.67% 16.17%
2014 10.13% 13.48%

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. 2022.

Top 10 Investments

  • Microsoft Corp
    United States International Equities
    4.97%
  • Westpac 11Am Call Account
    New Zealand Cash and Equivalents AA-
    3.4%
  • Amazon Com Inc
    United States International Equities
    2.97%
  • Unitedhealth Group Inc
    United States International Equities
    2.92%
  • NZD BNP Paribas A/C
    New Zealand Cash and Equivalents A-1
    2.88%
  • Visa Inc - A
    United States International Equities
    2.64%
  • Progressive Corp
    United States International Equities
    2.57%
  • Reliance Steel & Aluminum Co
    United States International Equities
    2.28%
  • Steel Dynamics Inc
    United States International Equities
    2.17%
  • Old Dominion Freight Line Inc
    United States International Equities
    2.07%
Type Target Actual
Cash and Cash Equivalents 0.0% 7.59%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 100.0% 91.87%
Listed Properties 0.0% 0.54%
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 31st Dec. 2022.