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 1.52%
    • Johnson & Johnson 0.53%
    • Nestle SA-Reg 0.40%
    • Thermo Fisher Scientific Inc 0.32%
    • Wells Fargo & Co 0.30%
    • Caterpillar Inc 0.26%
    • Uber Technologies Inc 0.20%
    • Ubs Group AG-Reg 0.14%
    • Rio Tinto PLC 0.10%
    • Glencore PLC 0.08%
    • Motorola Solutions Inc 0.08%
    • Palantir Technologies Inc-A 0.06%
    • Rio Tinto Ltd 0.04%
    • Grupo Mexico Sab De Cv-Ser B 0.03%
    • Petrochina Co Ltd-H 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
    • Bank Hapoalim Bm 0.02%
    • Bank Leumi Le-Israel 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
    • Oil & Natural Gas Corp Ltd 0.02%
    • Teva Pharmaceutical-Sp Adr 0.02%
    • Adani Ports and Special Econ 0.01%
    • Centrais Eletricas Brasilier 0.01%
    • Mizrahi Tefahot Bank Ltd 0.01%
    • Mtn Group Ltd 0.01%
    • Wilmar International Ltd 0.01%
    • Chevron Corp 0.40% !!
      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 0.30% !!
      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
    • BHP Group Ltd 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
    • Duke Energy Corp 0.11%
    • Freeport-Mcmoran Inc 0.09%
    • 3M Co 0.08%
    • Glencore PLC 0.08%
    • Basf Se 0.07%
    • Corteva Inc 0.06%
    • Vale SA 0.06%
    • Archer-Daniels-Midland Co 0.05%
    • Barrick Gold Corp 0.04%
    • Bayer AG-Reg 0.04%
    • P G & E Corp 0.04%
    • Ntpc Ltd 0.03%
    • Nutrien Ltd 0.03%
    • Posco 0.03%
    • Zijin Mining Group Co Ltd-H 0.02%
    • Evergreen Marine Corp Ltd 0.01%
    • Fmc Corp 0.01%
    • Soc Quimica Y Minera Chile-B 0.01%
    • Southern Copper Corp 0.01%
    • Wh Group Ltd 0.01%
    • Wilmar International Ltd 0.01%
    • Exxon Mobil Corp 0.66% !!
      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 0.54%
    • Chevron Corp 0.40% !!
      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
    • LVMH Moet Hennessy Louis Vui 0.35%
    • Shell PLC 0.30% !!
      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
    • Unilever PLC 0.18%
    • L'Oreal 0.16%
    • Reliance Industries Ltd 0.16% !!
      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 0.15%
    • Sherwin-Williams Co/The 0.12%
    • Shin-Etsu Chemical Co Ltd 0.12%
    • Hermes International 0.11%
    • Colgate-Palmolive Co 0.09%
    • 3M Co 0.08%
    • Ecolab Inc 0.08%
    • Basf Se 0.07%
    • Corteva Inc 0.06%
    • Dow Inc 0.06%
    • Givaudan-Reg 0.06%
    • Kimberly-Clark Corp 0.06%
    • Eni 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
    • Estee Lauder Companies-Cl A 0.05%
    • PPG Industries Inc 0.05%
    • Bayer AG-Reg 0.04%
    • Church & Dwight Co Inc 0.04%
    • Dupont De Nemours Inc 0.04%
    • Kering 0.04%
    • Koninklijke Ahold Delhaize N 0.04%
    • Cabot Oil & Gas Corp 0.03%
    • Celanese Corp 0.03%
    • Clorox Company 0.03%
    • Entegris Inc 0.03%
    • Hindustan Unilever Ltd 0.03%
    • Intl Flavors & Fragrances 0.03%
    • Kao Corp 0.03%
    • Novozymes A/S-B Shares 0.03%
    • Nutrien Ltd 0.03%
    • Akzo Nobel N.V. 0.02%
    • Albemarle Corp 0.02%
    • Asian Paints Ltd 0.02%
    • Beiersdorf AG 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
    • Eastman Chemical Co 0.02%
    • Henkel AG & Co Kgaa Vor-Pref 0.02%
    • Hormel Foods Corp 0.02%
    • Moncler Spa 0.02%
    • Otsuka Holdings Co Ltd 0.02%
    • Rentokil Initial PLC 0.02%
    • Rpm International Inc 0.02%
    • Symrise AG 0.02%
    • Tyson Foods Inc-Cl A 0.02%
    • Unicharm Corp 0.02%
    • Covestro AG 0.01%
    • Croda International PLC 0.01%
    • Dcc PLC 0.01%
    • Ems-Chemie Holding AG-Reg 0.01%
    • Fmc Corp 0.01%
    • Formosa Plastics Corp 0.01%
    • Henkel AG & Co Kgaa 0.01%
    • Hindalco Industries Ltd 0.01%
    • Idemitsu Kosan Co Ltd 0.01%
    • Kikkoman Corp 0.01%
    • Mitsubishi Chemical Group Co 0.01%
    • Mosaic Co/The 0.01%
    • Nan Ya Plastics Corp 0.01%
    • Shiseido Co Ltd 0.01%
    • Swatch Group AG/The-Br 0.01%
    • Syensqo SA 0.01%
    • Westlake Chemical Corp 0.01%
    • Amphenol Corp-Cl A 0.10%
    • Transdigm Group Inc 0.09%
    • Daikin Industries Ltd 0.05%
    • Howmet Aerospace Inc 0.04%
    • Rheinmetall AG 0.03%
    • Teledyne Technologies Inc 0.03%
    • Bharat Electronics Ltd 0.02%
    • Mtu Aero Engines AG 0.02%
    • Hindustan Aeronautics Ltd 0.01%
    • Exxon Mobil Corp 0.66% !!
      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 0.40% !!
      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 0.30% !!
      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
    • Conocophillips 0.21% !!
      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 0.21%
    • BHP Group Ltd 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%
    • Reliance Industries Ltd 0.16% !!
      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 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
    • Canadian Natural Resources 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
    • Mitsubishi 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
    • Duke Energy Corp 0.11%
    • Iberdrola SA 0.11% 1.5°C
      This company is on a 1.5°C pathway
    • Marathon Petroleum Corp 0.11%
    • Southern Co/The 0.11%
    • Enbridge Inc 0.10% !!
      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
    • Eog Resources Inc 0.10% !!
      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 0.10%
    • Rio Tinto PLC 0.10%
    • Mitsui & Co Ltd 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
    • Pioneer Natural Resources Co 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
    • Constellation Energy 0.08%
    • Glencore PLC 0.08%
    • Valero Energy Corp 0.08%
    • Enel Spa 0.07% 1.5°C
      This company is on a 1.5°C pathway
    • Itochu Corp 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
    • National Grid PLC 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
    • Oneok Inc 0.07%
    • Suncor Energy Inc 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
    • American Electric Power 0.06%
    • Dominion Energy Inc 0.06%
    • Hess Corp 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
    • Occidental Petroleum Corp 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
    • Sempra Energy 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
    • Tc Energy Corp 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
    • Vale SA 0.06%
    • Williams Cos Inc 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
    • Cheniere Energy Inc 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
    • Devon Energy 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
    • Diamondback Energy Inc 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
    • E.On Se 0.05%
    • Eni 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
    • Halliburton Co 0.05%
    • Jindal Steel & Power Ltd 0.05%
    • Kinder Morgan Inc 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
    • Petrobras - Petroleo Bras-Pr 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
    • Public Service Enterprise Gp 0.05%
    • Woodside 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
    • Cenovus Energy Inc 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%
    • Dassault Systemes Se 0.04%
    • Engie 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
    • Equinor Asa 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
    • Fairfax Financial Hldgs Ltd 0.04%
    • Franco-Nevada Corp 0.04%
    • P G & E Corp 0.04%
    • Petrobras - Petroleo Bras 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
    • Rio Tinto Ltd 0.04%
    • Sumitomo 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
    • Targa Resources Corp 0.04%
    • Vistra Corp 0.04%
    • Wec Energy Group Inc 0.04%
    • Xcel Energy Inc 0.04%
    • Ameren Corporation 0.03%
    • Atmos Energy Corp 0.03%
    • Cms Energy Corp 0.03%
    • Dte Energy Company 0.03%
    • Entergy Corp 0.03%
    • Firstenergy Corp 0.03%
    • Grupo Mexico Sab De Cv-Ser B 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
    • Nippon Steel Corp 0.03%
    • Ntpc Ltd 0.03%
    • Pembina Pipeline 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
    • Petrochina Co Ltd-H 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
    • Ppl Corp 0.03%
    • Repsol SA 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
    • Rwe AG 0.03%
    • Saudi Arabian Oil Co 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
    • Teck Resources Ltd-Cls B 0.03%
    • Aes 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
    • Alliant Energy Corp 0.02%
    • Centerpoint Energy 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
    • China Shenhua Energy Co-H 0.02%
    • Ck Hutchison Holdings Ltd 0.02%
    • Clp Holdings Ltd 0.02%
    • Edp-Energias De Portugal SA 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Evergy Inc 0.02%
    • Fortis 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
    • Hong Kong & China Gas 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
    • Imperial Oil 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
    • Inpex 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
    • Loews Corp 0.02%
    • Marathon Oil 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
    • Mitsui Osk Lines Ltd 0.02%
    • Neste Oyj 0.02%
    • Nippon Yusen Kk 0.02%
    • Nrg Energy Inc 0.02%
    • Oil & Natural Gas Corp Ltd 0.02%
    • Orsted A/S 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Ovintiv 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
    • Power Assets Holdings Ltd 0.02%
    • Santos 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
    • Tata Steel Ltd 0.02%
    • Texas Pacific Land Corp 0.02%
    • Tourmaline Oil 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
    • Weg SA 0.02%
    • Acwa Power Co 0.01%
    • Aker BP Asa 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
    • Apa 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
    • Arc Resources Ltd 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
    • Centrais Eletricas Brasilier 0.01%
    • Chesapeake 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
    • Chubu Electric Power Co Inc 0.01%
    • Coal India Ltd 0.01%
    • Delta Air Lines Inc 0.01%
    • Emera Inc 0.01%
    • Eneos Holdings Inc 0.01%
    • Eqt 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
    • Galp Energia Sgps 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
    • Hf Sinclair Corp 0.01%
    • Idemitsu Kosan Co Ltd 0.01%
    • Indian Oil Corp Ltd 0.01%
    • Intertek Group PLC 0.01%
    • Kansai Electric Power Co Inc 0.01%
    • Keyera 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
    • Nisource Inc 0.01%
    • Origin Energy Ltd 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
    • Osaka Gas Co Ltd 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
    • Pegatron Corp 0.01%
    • Samsung C&T Corp 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
    • South32 Ltd 0.01%
    • Tokyo Gas Co Ltd 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 31st March 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.

About this fund

The fund is a passively managed international shares portfolio that is designed to track the return of the MSCI All Country World ex Tobacco Index. Environmental, Social and Governance characteristics are integrated into the underlying investment managers' investment processes. The fund aims to provide a return that closely matches the return of the MSCI All Country World ex Tobacco Index with net dividends reinvested (50% hedged to NZD on an after-tax basis).

Value $76.8M NZD
Period of data report 30th June 2024
Fund started 27th Nov. 2017
Total annual fund fees 0.46%
Total performance based fees 0.0%
Manager's basic fee 0.3%
Other management and administration charges 0.16%
Total other charges 0.0
Total other charges currency NZD

Ross Butler

Currently: Chair - Mercer (N.Z.) Ltd (1 years, 2 months)
Previously: Director - Mercer Investments (Australia) Limited (10 years, 4 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (15 years, 4 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

Kylie Willment

Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (6 years, 8 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 (2 years, 1 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 (10 years, 3 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 June 2024.

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
2024 14.61% 24.27%
2023 -4.85% -3.58%
2022 3.53% 6.59%
2021 35.55% 37.32%
2020 -7.06% -6.01%
2019 10.17% 5.43%

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 June 2024.

Top 10 Investments

  • Macquarie True Index Emerging Markets Fund
    Australia International Equities
    11.29%
  • Microsoft Corporation
    United States International Equities
    4.24%
  • Apple Inc
    United States International Equities
    4.18%
  • Nvidia Corporation
    United States International Equities
    4.12%
  • Amazon.Com Inc
    United States International Equities
    2.47%
  • Meta Platforms Inc
    United States International Equities
    1.52%
  • Alphabet Inc Class A
    United States International Equities
    1.46%
  • Alphabet Inc Class C
    United States International Equities
    1.28%
  • Lilly (Eli) & Co
    United States International Equities
    0.97%
  • Broadcom Corporation
    United States International Equities
    0.93%
Type Target Actual
Cash and Cash Equivalents 0.0% 3.26%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 1.68%
International Equities 100.0% 95.06%
Listed Properties 0.0% 0.0%
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 30th June 2024.