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 aggressive funds is 12.02%.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Contact Energy is one of Aotearoa New Zealand’s largest electric utilities companies. Contact operates three thermal power stations that employ gas and diesel. In FY2023, 7% of the energy Contact generated came from thermal generation. However, Contact has announced plans for further investment in renewable generation. This includes NZD 1.2 billion in geothermal power, by constructing a new station and expanding capacity at an existing station, along with early developments in wind and solar generation. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
At Milford, we are acutely aware of our capacity as shareholders to drive positive change. Rather than just avoid harm, we believe it is our duty to use our seat at the table to help drive the transition to a more sustainable future. We use our detailed research to enable educated conversations with the companies we invest in and push them to deliver better outcomes via sustainability targets, action and reporting. Please see our website for a deeper explanation of our approach and examples in our latest engagement activities and outcomes report: https://milfordasset.com/Engagement-Activity-and-Outcomes
The Fund’s objective is to provide capital growth after the base fund fee but before tax and before the performance fee, by out-performing the relevant share market index over the minimum recommended investment timeframe of eight years. It primarily invests in small to mid-cap Australasian equities.
| Value | $765M NZD |
| Period of data report | 31st Dec. 2024 |
| Fund started | 1st Oct. 2013 |
| Total annual fund fees | 2.37% |
| Total performance based fees | 1.02% |
| Manager's basic fee | 1.34% |
| Other management and administration charges | 0.01% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
William Curtayne |
Currently: Portfolio Manager (11 years, 3 months)
|
|
Michael Higgins |
Currently: Portfolio Manager (6 years, 10 months)
|
|
Roland Houghton |
Currently: Analyst (0 years, 6 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2024.
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 |
|---|---|---|
| 2024 | 14.61% | 19.88% |
| 2023 | -4.85% | -4.47% |
| 2022 | 3.53% | 9.27% |
| 2021 | 35.55% | 61.85% |
| 2020 | -7.06% | -6.8% |
| 2019 | 10.17% | 1.71% |
| 2018 | 7.53% | 18.42% |
| 2017 | 9.49% | 9.92% |
| 2016 | 4.71% | 2.33% |
| 2015 | 14.67% | 15.1% |
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. 2024.
AUD Cash Current Account (Hsbc)
Australia Cash and Equivalents AA-
Contact Energy Ltd
New Zealand Australasian Equities
NZD Cash Call Account (Bank Of New Zealand)
New Zealand Cash and Equivalents AA-
Life360 Inc
Australia Australasian Equities
Carsales.Com Ltd
Australia Australasian Equities
Evolution Mining Ltd
Australia Australasian Equities
Northern Star Resources Ltd
Australia Australasian Equities
Ridley Corporation Ltd
Australia Australasian Equities
Tuas Ltd
Australia Australasian Equities
Sigma Healthcare Ltd
Australia Australasian Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 10.0% | 12.19% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 90.0% | 79.4% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 8.29% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.12% |
| 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 Dec. 2024.
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. 2024 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 source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Contact Energy is one of Aotearoa New Zealand’s largest electric utilities companies. Contact operates three thermal power stations that employ gas and diesel. In FY2023, 7% of the energy Contact generated came from thermal generation. However, Contact has announced plans for further investment in renewable generation. This includes NZD 1.2 billion in geothermal power, by constructing a new station and expanding capacity at an existing station, along with early developments in wind and solar generation. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
At Milford, we are acutely aware of our capacity as shareholders to drive positive change. Rather than just avoid harm, we believe it is our duty to use our seat at the table to help drive the transition to a more sustainable future. We use our detailed research to enable educated conversations with the companies we invest in and push them to deliver better outcomes via sustainability targets, action and reporting. Please see our website for a deeper explanation of our approach and examples in our latest engagement activities and outcomes report: https://milfordasset.com/Engagement-Activity-and-Outcomes
The Fund’s objective is to provide capital growth after the base fund fee but before tax and before the performance fee, by out-performing the relevant share market index over the minimum recommended investment timeframe of eight years. It primarily invests in small to mid-cap Australasian equities.
| Value | $765M NZD |
| Period of data report | 31st Dec. 2024 |
| Fund started | 1st Oct. 2013 |
| Total annual fund fees | 2.37% |
| Total performance based fees | 1.02% |
| Manager's basic fee | 1.34% |
| Other management and administration charges | 0.01% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
William Curtayne |
Currently: Portfolio Manager (11 years, 3 months)
|
|
Michael Higgins |
Currently: Portfolio Manager (6 years, 10 months)
|
|
Roland Houghton |
Currently: Analyst (0 years, 6 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2024.
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 |
|---|---|---|
| 2024 | 14.61% | 19.88% |
| 2023 | -4.85% | -4.47% |
| 2022 | 3.53% | 9.27% |
| 2021 | 35.55% | 61.85% |
| 2020 | -7.06% | -6.8% |
| 2019 | 10.17% | 1.71% |
| 2018 | 7.53% | 18.42% |
| 2017 | 9.49% | 9.92% |
| 2016 | 4.71% | 2.33% |
| 2015 | 14.67% | 15.1% |
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. 2024.
AUD Cash Current Account (Hsbc)
Australia Cash and Equivalents AA-
Contact Energy Ltd
New Zealand Australasian Equities
NZD Cash Call Account (Bank Of New Zealand)
New Zealand Cash and Equivalents AA-
Life360 Inc
Australia Australasian Equities
Carsales.Com Ltd
Australia Australasian Equities
Evolution Mining Ltd
Australia Australasian Equities
Northern Star Resources Ltd
Australia Australasian Equities
Ridley Corporation Ltd
Australia Australasian Equities
Tuas Ltd
Australia Australasian Equities
Sigma Healthcare Ltd
Australia Australasian Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 10.0% | 12.19% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 90.0% | 79.4% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 8.29% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.12% |
| 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 Dec. 2024.
