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 0.62%
    • Nestle SA-Reg 0.23%
    • Motorola Solutions Inc 0.22%
    • Johnson & Johnson 0.15%
    • Thermo Fisher Scientific Inc 0.15%
    • Alstom 0.09%
    • First Intl Bank Israel 0.06%
    • Petrochina Co Ltd-H 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
    • Bank Hapoalim Bm 0.03%
    • Zte Corp-A 0.03%
    • Caterpillar Inc 0.02%
    • China Petroleum & Chemical-H 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
    • Wells Fargo & Co 0.02%
    • Uber Technologies Inc 0.01%
    • Chevron Corp 0.26% !!
      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
    • Shell PLC 0.23% !!
      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 0.13%
    • Bayer AG-Reg 0.09%
    • Vale SA 0.09%
    • BHP Group Ltd 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
    • Posco 0.03%
    • Fuji Oil Co Ltd 0.02%
    • Southern Copper Corp 0.02%
    • Shell PLC-Adr 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
    • Chevron Corp 0.26% !!
      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
    • Procter & Gamble Co/The 0.23%
    • Shell PLC 0.23% !!
      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 0.19%
    • Koninklijke Ahold Delhaize N 0.19%
    • Eni Spa 0.15% !!
      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
    • Air Liquide SA 0.13%
    • Exxon Mobil Corp 0.13% !!
      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
    • Colgate-Palmolive Co 0.11%
    • Ecolab Inc 0.11%
    • Bayer AG-Reg 0.09%
    • Church & Dwight Co Inc 0.09%
    • Kimberly-Clark Corp 0.09%
    • LVMH Moet Hennessy Louis Vui 0.09%
    • Hermes International 0.07%
    • Nomad Foods Ltd 0.07%
    • Clorox Company 0.06%
    • Capri Holdings Ltd 0.05%
    • Croda International PLC 0.05%
    • Estee Lauder Companies-Cl A 0.05%
    • L'Oreal 0.05%
    • Otsuka Holdings Co Ltd 0.04%
    • Sherwin-Williams Co/The 0.04%
    • Tapestry Inc 0.04%
    • Ralph Lauren Corp 0.03%
    • Symrise AG 0.03%
    • Unilever PLC 0.03%
    • Braskem SA-Pref A 0.02%
    • China Petroleum & Chemical-H 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
    • Intl Flavors & Fragrances 0.02%
    • Nippon Shokubai Co Ltd 0.02%
    • Rpm International Inc 0.02%
    • Amorepacific Group 0.01%
    • Otsuka Holdings Co Ltd- Unsp 0.01%
    • Shell PLC-Adr 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
    • Daikin Industries Ltd 0.08%
    • Mtu Aero Engines AG 0.08%
    • Indra Sistemas SA 0.05%
    • 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
    • Contact Energy Ltd 1.26% 1.5°C
      This company is on a 1.5°C pathway
    • Chevron Corp 0.26% !!
      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
    • Shell PLC 0.23% !!
      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 0.22%
    • Engie 0.20% !!
      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 0.18%
    • Eni Spa 0.15% !!
      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
    • Orsted A/S 0.15% 1.5°C
      This company is on a 1.5°C pathway
    • Canadian Natural Resources 0.14% !!
      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 0.13% !!
      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 0.13% 1.5°C
      This company is on a 1.5°C pathway
    • BP PLC 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
    • Meg Energy Corp 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
    • Mitsui & Co Ltd 0.11% !!
      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 0.11%
    • Centerpoint Energy Inc 0.09%
    • Jefferies Financial Group In 0.09%
    • Vale SA 0.09%
    • Cnx Resources Corp 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
    • Enel Spa 0.08% 1.5°C
      This company is on a 1.5°C pathway
    • Alliant Energy Corp 0.07%
    • Dominion Energy Inc 0.07%
    • OMV AG 0.07% !!
      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
    • Xcel Energy Inc 0.07%
    • Genesis Energy Ltd 0.06%
    • National Grid PLC 0.06% !!
      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
    • Petrobras - Petroleo Bras-Pr 0.06% !!
      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
    • A2A Spa 0.05%
    • Cosmo Energy Holdings Co Ltd 0.05%
    • E.On Se 0.05%
    • Japan Petroleum Exploration 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
    • Pbf Energy Inc-Class A 0.05%
    • Petrochina Co Ltd-H 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
    • Portland General Electric Co 0.05%
    • Snam Spa 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
    • 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
    • Viva Energy Group Ltd 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
    • Alpha Metallurgical Resource 0.04%
    • American Electric Power 0.04%
    • Atlantica Sustainable Infras 0.04%
    • BHP Group Ltd 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
    • Hk Electric Investments -Ss 0.04%
    • Jizhong Energy Resources-A 0.04%
    • Repsol SA 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
    • Marathon Petroleum Corp 0.03%
    • Marubeni 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
    • Pinnacle West Capital 0.03%
    • Birchcliff Energy 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
    • Channel Infrastructure NZ Lt 0.02%
    • Cheniere Energy 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
    • China Petroleum & Chemical-H 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
    • Enbridge 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
    • Enerplus 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
    • Hera Spa 0.02%
    • Itochu Enex Co Ltd 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
    • Mitsubishi Materials Corp 0.02%
    • Nippon Yusen Kk 0.02%
    • Oneok Inc 0.02%
    • Pembina Pipeline 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
    • Phillips 66 0.02%
    • Saudi Arabian Oil Co 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
    • Silverbow Resources 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
    • Targa Resources Corp 0.02%
    • Tohoku Electric Power Co Inc 0.02%
    • Valero Energy Corp 0.02%
    • Williams Cos 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
    • BP PLC-Spons Adr 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
    • Eneos Holdings Inc 0.01%
    • Enn Energy Holdings Ltd 0.01%
    • Euronav Nv 0.01%
    • Hf Sinclair Corp 0.01%
    • Perusahaan Gas Negara Tbk Pt 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
    • Shell PLC-Adr 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
    • Suncor Energy 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
    • Tc Energy Corp 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
    • Weg SA 0.01%

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 almost entirely in growth assets such as shares and real assets, with only a small amount invested in defensive assets such as fixed interest and cash. May be suitable for investors wanting to invest predominantly in growth assets, who want higher long-term returns and are comfortable with high volatility in returns.

Value $13.5M NZD
Period of data report 30th Sept. 2023
Fund started 9th Oct. 2015
Total annual fund fees 1.12%
Total performance based fees 0.0%
Manager's basic fee 0.91%
Other management and administration charges 0.21%
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 -5.17% -2.82%
2022 3.53% 3.03%
2021 35.55% 30.22%
2020 -7.06% -6.62%
2019 10.17% 6.18%
2018 7.53% 9.01%
2017 9.49% 10.63%

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

  • First Sentier Global Listed Infrastructure Fund
    New Zealand Other
    2.06%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    2.0%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    1.84%
  • BNP Paribas US Dollar Account
    United States International Equities
    1.63%
  • Microsoft Corporation
    United States International Equities
    1.58%
  • Infratil Limited
    New Zealand Australasian Equities
    1.47%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    1.27%
  • Contact Energy Limited
    New Zealand Australasian Equities
    1.26%
  • Apple Inc
    United States International Equities
    1.14%
  • Mainfreight Limited
    New Zealand Australasian Equities
    1.1%
Type Target Actual
Cash and Cash Equivalents 1.0% 1.24%
New Zealand Fixed Interest 1.0% 1.42%
International Fixed Interest 3.0% 2.94%
Australasian Equities 20.0% 19.52%
International Equities 61.0% 59.1%
Listed Properties 3.5% 5.3%
Unlisted Properties 3.5% 3.46%
Other 7.0% 7.02%
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.