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 0.13%
    • Nestle Holdings Inc 0.12%
    • Wells Fargo & Company 0.09%
    • Credit Suisse Group AG 0.06%
    • Nestle SA-Reg 0.06%
    • Motorola Solutions Inc 0.05%
    • Johnson & Johnson 0.04%
    • Meta Platforms Inc 0.03%
    • Thermo Fisher Scientific 0.03%
    • Thermo Fisher Scientific Inc 0.03%
    • Alstom 0.02%
    • First Intl Bank Israel 0.02%
    • Duke Energy Corp 0.07%
    • Syngenta Finance Nv 0.06%
    • Shell PLC 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
    • Chevron Corp 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
    • Barrick Gold Corp 0.03%
    • BHP Billiton Fin Usa Ltd 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
    • Bayer AG-Reg 0.02%
    • 3M Company 0.01%
    • Bayer AG 0.01%
    • Cargill Inc 0.01%
    • Procter & Gamble Co/The 0.10%
    • Celanese US Holdings Llc 0.06%
    • Intl Flavor & Fragrances 0.06%
    • Syngenta Finance Nv 0.06%
    • Shell PLC 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
    • Chevron Corp 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
    • Eni Spa 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
    • Kering 0.04%
    • Koninklijke Ahold Delhaize N 0.04%
    • Orbia Advance Corp Sab 0.04%
    • Air Liquide SA 0.03%
    • Church & Dwight Co Inc 0.03%
    • Colgate-Palmolive Co 0.03%
    • Ecolab Inc 0.03%
    • Exxon Mobil 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
    • Kimberly-Clark Corp 0.03%
    • Bayer AG-Reg 0.02%
    • Clorox Company 0.02%
    • Huntsman Corp 0.02%
    • LVMH Moet Hennessy Louis Vui 0.02%
    • Westlake Corp 0.02%
    • Zf Europe Finance Bv 0.02%
    • 3M Company 0.01%
    • Bayer AG 0.01%
    • Croda International PLC 0.01%
    • Hermes International 0.01%
    • Nomad Foods Ltd 0.01%
    • Otsuka Holdings Co Ltd 0.01%
    • PPG Industries Inc 0.01%
    • Sherwin-Williams Co/The 0.01%
    • Daikin Industries Ltd 0.02%
    • Mtu Aero Engines AG 0.02%
    • Contact Energy Ltd 0.31% 1.5°C
      This company is on a 1.5°C pathway
    • 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
    • Aker BP Asa 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
    • Duke Energy Corp 0.07%
    • Enel Finance Intl Nv 0.07% 1.5°C
      This company is on a 1.5°C pathway
    • Public Service Enterpris 0.06%
    • Nextera Energy Capital 0.05%
    • Shell PLC 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
    • Total SA 0.05%
    • Chevron Corp 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
    • Consolidated Edison Inc 0.04%
    • Electricite De France SA 0.04%
    • Eni Spa 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
    • Occidental Petroleum Cor 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
    • Oci Nv 0.04%
    • BHP Billiton Fin Usa Ltd 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
    • Canadian Natural Resources 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
    • Exxon Mobil 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
    • Iberdrola SA 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • National Grid PLC 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
    • Nextera Energy Inc 0.03%
    • Orsted A/S 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Var Energi 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
    • Alliant Energy Corp 0.02%
    • BP PLC 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
    • Centerpoint Energy Inc 0.02%
    • Cheniere Energy Partners 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
    • Continental Resources 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%
    • Enel Spa 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Galaxy Pipeline Assets 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
    • 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
    • Public Service Enterprise Gp 0.02%
    • Santos Finance 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
    • Targa Resources Partners 0.02%
    • Xcel Energy Inc 0.02%
    • BP Capital Markets Bv 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
    • BP Capital Markets PLC 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
    • Con Edison Co Of Ny Inc 0.01%
    • E.On Se 0.01%
    • Engie SA 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
    • Genesis Energy Ltd 0.01%
    • Hk Electric Investments -Ss 0.01%
    • Korea Midland Power Co 0.01%
    • 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
    • Oneok Inc 0.01%
    • Portland General Electric Co 0.01%
    • Rwe AG 0.01%
    • Snam Spa 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
    • Williams Companies 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
    • Wintershall Dea Finance 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 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

Invests mostly in defensive assets such as fixed interest and cash, with only limited investment in growth assets such as shares and real assets. May be suitable for investors who want to achieve slightly higher returns than those expected from investing solely in the Cash fund. Investors need to be comfortable with the possibility of some fluctuations in returns.

Value $2.92M NZD
Period of data report 30th Sept. 2023
Fund started 9th Oct. 2015
Total annual fund fees 0.89%
Total performance based fees 0.0%
Manager's basic fee 0.71%
Other management and administration charges 0.18%
Total other charges 0.0
Total other charges currency NZD

Ross Butler

Currently: Chair - Mercer (N.Z.) Ltd (0 years, 5 months)
Previously: Director - Mercer Investments (Australia) Limited (current) (10 years, 1 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (14 years, 7 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, 11 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, 4 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, 6 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 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 -1.56% -1.47%
2022 -0.95% -0.44%
2021 8.70% 6.47%
2020 0.08% 0.41%
2019 4.31% 3.4%
2018 3.39% 3.14%
2017 3.28% 3.35%

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

  • Robeco Global Credit Fund
    Australia Int Fixed Interest
    7.06%
  • New Zealand Government Bond 3.00% 20/04/2029
    New Zealand NZ Fixed Interest AAA
    2.36%
  • New Zealand Government Bond 1.75% 15/05/2041
    New Zealand NZ Fixed Interest AAA
    1.45%
  • New Zealand Government Bond 4.5% 15/04/2027
    New Zealand NZ Fixed Interest AAA
    1.35%
  • Westpac New Zealand Limited Rcd Maturing 29/11/2023
    New Zealand Cash and Equivalents AA-
    1.34%
  • New Zealand Government Bond 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AAA
    1.32%
  • Westpac Business Interest Account
    New Zealand Cash and Equivalents AA-
    1.32%
  • New Zealand Government Bond 2.00% 15/05/2032
    New Zealand NZ Fixed Interest AAA
    1.05%
  • Housing New Zealand Limited Bond 3.36% 12/06/2025
    New Zealand NZ Fixed Interest AAA
    1.04%
  • Bank Of New Zealand - Cash Account
    New Zealand Cash and Equivalents AA-
    1.04%
Type Target Actual
Cash and Cash Equivalents 30.0% 29.56%
New Zealand Fixed Interest 15.0% 16.72%
International Fixed Interest 35.0% 34.91%
Australasian Equities 5.0% 4.76%
International Equities 11.5% 10.34%
Listed Properties 0.88% 1.17%
Unlisted Properties 0.87% 0.9%
Other 1.75% 1.64%
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.