Where a company has multiple ethical concerns, the total concerns percentage counts this investment once.
The average total concerns of all funds of the same risk profile is weighted by the funds' investment values.
The average total concerns of all managed defensive funds is 1.99%.
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
Nestle manufactures and sells food and beverages. The company has been criticised for exploiting local water resources for its bottled water production, which has forced underprivileged communities to pay a premium for their groundwater while alternatives have been exhausted. They are also the third largest source of plastic trash found in oceans. There have also been several allegations of labour conflicts and human rights violations in Nestle’s palm oil, coffee, fruits and seafood supply chains.
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
Acquired Credit Suisse in 2023, a bank with very poor governance which aided clients with tax evasion and money laundering. As a result, UBS has inherited ongoing regulatory fines and lawsuits relating to these failures. UBS has also been subject to lawsuits relating to its own manipulation of foreign exchange and interbank rates. It holds a provision of USD $4bn for claims (which may not be sufficient).
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. Thermo Fisher DNA testing kits have been linked to surveillance and discriminatory purposes by the legal authorities in Xinjiang (a region of China) for monitoring and tracking the Muslim Uyghur ethnic group and other minorities. Evidence that DNA sequencing products continue to be distributed in China, despite the company announcing it would halt sales to the region.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Operates electric and natural gas transmission systems in the UK and US. It also operates facilities for storing LNG. including the Grain LNG terminal in the UK which is the largest LNG facility in Europe and 8th globally.
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
The world’s second largest source of plastic garbage in the world’s oceans, which has devastating impacts on our oceans, wreaking havoc on wildlife and sending plastic particles into the food chain. Alongside other large companies who use plastics, PepsiCo appeared to lobby against some improvements propopsed by the Global Plastics Treaty.
The International Corporate Bond Fund invests in international fixed interest securities, primarily investment-grade corporate bonds in developed markets, with the ability to invest to a lesser extent in emerging market countries and investment-grade international government bonds. It aims to provide a gross return in excess of its benchmark index, over the medium term.
| Value | $664k NZD |
| Period of data report | 31st March 2025 |
| Fund started | 25th Feb. 2025 |
| Total annual fund fees | 0.44% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.44% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Andrew Bascand |
Currently: Chair, Investment Committee (0 years, 1 months)
|
|
Richard Ansell |
Currently: Member, Investment Committee (0 years, 1 months)
|
|
Louis Nel |
Currently: Member, Investment Committee (0 years, 1 months)
|
|
Chris Di Leva |
Currently: Member, Investment Committee (0 years, 1 months)
|
|
Murray Brown |
Currently: Member, Investment Committee (0 years, 1 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
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 |
|---|
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.
Bank Of New Zealand Bank Account NZD
New Zealand Cash and Equivalents AA-
National Grid Electricity Transmission PLC Medium Term Note 0.823% 07/07/2032
Germany Int Fixed Interest BBB+
Swsfn 3.5% 29/11/2031
Germany Int Fixed Interest A-
Bank Of America Corp Medium Term Note 2.651% 11/03/2032
United States Int Fixed Interest A-
E On International Finance Bv Medium Term Note 6.25% 03/06/2030
United Kingdom Int Fixed Interest BBB+
Vier Gas Transport Gmbh 4.625% 26/09/2032
Germany Int Fixed Interest BBB+
Diageo Capital PLC 5.3% 24/10/2027
United States Int Fixed Interest A-
Roche Holdings Inc. 5.338% 13/11/2028
United States Int Fixed Interest AA
Bank Of America Corp Medium Term Note 2.496% 13/02/2031
United States Int Fixed Interest A-
Danske Bank A/S 1.549% 10/09/2027
United States Int Fixed Interest A+
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 0.84% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 100.0% | 99.16% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
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.
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
Nestle manufactures and sells food and beverages. The company has been criticised for exploiting local water resources for its bottled water production, which has forced underprivileged communities to pay a premium for their groundwater while alternatives have been exhausted. They are also the third largest source of plastic trash found in oceans. There have also been several allegations of labour conflicts and human rights violations in Nestle’s palm oil, coffee, fruits and seafood supply chains.
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
Acquired Credit Suisse in 2023, a bank with very poor governance which aided clients with tax evasion and money laundering. As a result, UBS has inherited ongoing regulatory fines and lawsuits relating to these failures. UBS has also been subject to lawsuits relating to its own manipulation of foreign exchange and interbank rates. It holds a provision of USD $4bn for claims (which may not be sufficient).
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. Thermo Fisher DNA testing kits have been linked to surveillance and discriminatory purposes by the legal authorities in Xinjiang (a region of China) for monitoring and tracking the Muslim Uyghur ethnic group and other minorities. Evidence that DNA sequencing products continue to be distributed in China, despite the company announcing it would halt sales to the region.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Operates electric and natural gas transmission systems in the UK and US. It also operates facilities for storing LNG. including the Grain LNG terminal in the UK which is the largest LNG facility in Europe and 8th globally.
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
The world’s second largest source of plastic garbage in the world’s oceans, which has devastating impacts on our oceans, wreaking havoc on wildlife and sending plastic particles into the food chain. Alongside other large companies who use plastics, PepsiCo appeared to lobby against some improvements propopsed by the Global Plastics Treaty.
The International Corporate Bond Fund invests in international fixed interest securities, primarily investment-grade corporate bonds in developed markets, with the ability to invest to a lesser extent in emerging market countries and investment-grade international government bonds. It aims to provide a gross return in excess of its benchmark index, over the medium term.
| Value | $664k NZD |
| Period of data report | 31st March 2025 |
| Fund started | 25th Feb. 2025 |
| Total annual fund fees | 0.44% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.44% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Andrew Bascand |
Currently: Chair, Investment Committee (0 years, 1 months)
|
|
Richard Ansell |
Currently: Member, Investment Committee (0 years, 1 months)
|
|
Louis Nel |
Currently: Member, Investment Committee (0 years, 1 months)
|
|
Chris Di Leva |
Currently: Member, Investment Committee (0 years, 1 months)
|
|
Murray Brown |
Currently: Member, Investment Committee (0 years, 1 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
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 |
|---|
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.
Bank Of New Zealand Bank Account NZD
New Zealand Cash and Equivalents AA-
National Grid Electricity Transmission PLC Medium Term Note 0.823% 07/07/2032
Germany Int Fixed Interest BBB+
Swsfn 3.5% 29/11/2031
Germany Int Fixed Interest A-
Bank Of America Corp Medium Term Note 2.651% 11/03/2032
United States Int Fixed Interest A-
E On International Finance Bv Medium Term Note 6.25% 03/06/2030
United Kingdom Int Fixed Interest BBB+
Vier Gas Transport Gmbh 4.625% 26/09/2032
Germany Int Fixed Interest BBB+
Diageo Capital PLC 5.3% 24/10/2027
United States Int Fixed Interest A-
Roche Holdings Inc. 5.338% 13/11/2028
United States Int Fixed Interest AA
Bank Of America Corp Medium Term Note 2.496% 13/02/2031
United States Int Fixed Interest A-
Danske Bank A/S 1.549% 10/09/2027
United States Int Fixed Interest A+
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 0.84% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 100.0% | 99.16% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
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.
