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 1.88%
    • Johnson & Johnson 0.45%
    • Wells Fargo & Co 0.37%
    • Nestle SA-Reg 0.32%
    • Motorola Solutions Inc 0.27%
    • Thermo Fisher Scientific Inc 0.08%
    • Bank Hapoalim Bm 0.07%
    • Caterpillar Inc 0.07%
    • Ubs Group AG-Reg 0.07%
    • China Petroleum & Chemical-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
    • 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
    • Uber Technologies Inc 0.05%
    • Rio Tinto PLC 0.03%
    • Glencore PLC 0.02%
    • Grupo Mexico Sab De Cv-Ser B 0.02%
    • Palantir Technologies Inc-A 0.02%
    • Rio Tinto Ltd 0.01%
    • Shell PLC 0.55% !!
      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 0.42%
    • Chevron Corp 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
    • Vale SA 0.09%
    • Zijin Mining Group Co Ltd-A 0.09%
    • BHP Group Ltd 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
    • Beijing Tongrentang Co-A 0.04%
    • Astra International Tbk Pt 0.03%
    • Duke Energy Corp 0.03%
    • Southern Copper Corp 0.03%
    • 3M Co 0.02%
    • Basf Se 0.02%
    • Corteva Inc 0.02%
    • Freeport-Mcmoran Inc 0.02%
    • Glencore PLC 0.02%
    • Archer-Daniels-Midland Co 0.01%
    • Bayer AG-Reg 0.01%
    • P G & E Corp 0.01%
    • Posco 0.01%
    • Soc Quimica Y Minera Chile-B 0.01%
    • Tokyo Electric Power Company 0.01%
    • LVMH Moet Hennessy Louis Vui 0.74%
    • Shell PLC 0.55% !!
      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 0.40%
    • Koninklijke Ahold Delhaize N 0.38%
    • Eni Spa 0.28% !!
      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 0.28%
    • Hermes International 0.17%
    • Exxon Mobil Corp 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
    • Moncler Spa 0.13%
    • Chevron Corp 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
    • China Petroleum & Chemical-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
    • Eni Spa-Sponsored Adr 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
    • Otsuka Holdings Co Ltd- Unsp 0.05%
    • Air Liquide SA 0.04%
    • L'Oreal 0.04%
    • Unilever PLC 0.04%
    • Cabot Oil & Gas Corp 0.03%
    • Sherwin-Williams Co/The 0.03%
    • Shin-Etsu Chemical Co Ltd 0.03%
    • 3M Co 0.02%
    • Amorepacific Group 0.02%
    • Basf Se 0.02%
    • Colgate-Palmolive Co 0.02%
    • Corteva Inc 0.02%
    • Ecolab Inc 0.02%
    • Givaudan-Reg 0.02%
    • Kimberly-Clark Corp 0.02%
    • Bayer AG-Reg 0.01%
    • Dow Inc 0.01%
    • Dupont De Nemours Inc 0.01%
    • Estee Lauder Companies-Cl A 0.01%
    • Kcc Corp 0.01%
    • Lg H&H 0.01%
    • Otsuka Holdings Co Ltd 0.01%
    • PPG Industries Inc 0.01%
    • Shinsegae Inc 0.01%
    • Mtu Aero Engines AG 0.37%
    • Daikin Industries Ltd 0.20%
    • Howmet Aerospace Inc 0.05%
    • Transdigm Group Inc 0.05%
    • Saab Ab-B 0.03%
    • Amphenol Corp-Cl A 0.02%
    • Shell PLC 0.55% !!
      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
    • Engie 0.53% !!
      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 0.52%
    • BP PLC 0.28% !!
      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 0.28% !!
      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 Cos Inc 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
    • Phillips 66 0.17%
    • Exxon Mobil Corp 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
    • OMV AG 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
    • 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
    • Chevron Corp 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
    • Itochu Corp 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
    • Petrobras - Petroleo Bras-Pr 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
    • Repsol SA 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
    • Vale SA 0.09%
    • BHP Group Ltd 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
    • Athabasca Oil Corp 0.06%
    • Jindal Steel & Power Ltd 0.06%
    • China Petroleum & Chemical-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
    • Conocophillips 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
    • Eni Spa-Sponsored Adr 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
    • Nippon Yusen Kk 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
    • Alpha Metallurgical Resource 0.04%
    • Nextera Energy Inc 0.04%
    • Pioneer Natural Resources Co 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
    • Valero Energy Corp 0.04%
    • Astra International Tbk Pt 0.03%
    • 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
    • Duke Energy Corp 0.03%
    • Enbridge Inc 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
    • Eog Resources Inc 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
    • Equinor 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
    • Iberdrola SA 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Japan Petroleum Exploration 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
    • Marathon Petroleum Corp 0.03%
    • Mitsubishi 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
    • Rio Tinto PLC 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
    • Southern Co/The 0.03%
    • American Electric Power 0.02%
    • BP PLC-Spons Adr 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
    • Constellation Energy 0.02%
    • Dominion Energy Inc 0.02%
    • E.On Se 0.02%
    • Enel Spa 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Glencore PLC 0.02%
    • Grupo Mexico Sab De Cv-Ser B 0.02%
    • Hess 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%
    • Marubeni 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
    • National Grid 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
    • Occidental Petroleum 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
    • Oneok Inc 0.02%
    • S-Oil Corp 0.02%
    • Sempra Energy 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
    • Suncor 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
    • Ytl Corp Bhd 0.02%
    • Cheniere 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
    • Consolidated Edison Inc 0.01%
    • Devon 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
    • Diamondback 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
    • Enn Energy Holdings Ltd 0.01%
    • Fairfax Financial Hldgs Ltd 0.01%
    • Halliburton Co 0.01%
    • Hd Hyundai Construction Equi 0.01%
    • Hf Sinclair Corp 0.01%
    • Kinder Morgan 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
    • Lx International Corp 0.01%
    • Marathon Oil 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
    • Mol Hungarian Oil and Gas Pl 0.01%
    • P G & E Corp 0.01%
    • Public Service Enterprise Gp 0.01%
    • Rio Tinto Ltd 0.01%
    • 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
    • Totalenergies Se -Spon 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
    • Woodside Energy Group 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
    • Xcel Energy Inc 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 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 invests in international shares listed on share markets around the world by using investment managers from around the world which are combined in a multi-manager fund. Environmental, Social and Governance characteristics are integrated into the underlying investment managers’ investment processes where applicable. The fund aims to provide a Gross Return1 above the return of the MSCI All Country World ex Tobacco Index with net dividends reinvested (50% hedged to NZD on an after-tax basis) on a rolling three year basis.

Value $29.3M NZD
Period of data report 30th June 2024
Fund started 13th Dec. 1994
Total annual fund fees 1.39%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Other management and administration charges 0.39%
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% 28.5%
2023 -4.85% -2.4%
2022 3.53% 4.41%
2021 35.55% 36.54%
2020 -7.06% -8.55%
2019 10.17% 3.83%
2018 7.53% 10.93%
2017 9.49% 14.36%
2016 4.71% -0.33%
2015 14.67% 16.52%

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

  • Microsoft Corporation
    United States International Equities
    3.59%
  • Nvidia Corporation
    United States International Equities
    2.52%
  • Amazon.Com Inc
    United States International Equities
    2.05%
  • Apple Inc
    United States International Equities
    1.83%
  • Meta Platforms Inc
    United States International Equities
    1.79%
  • Mastercard Inc - Class A
    United States International Equities
    1.19%
  • Asml Holding
    Netherlands International Equities
    1.14%
  • Taiwan Semiconductor Manufacturing Company Ltd
    Taiwan, Province of China International Equities
    1.1%
  • Alphabet Inc Class A
    United States International Equities
    1.08%
  • Goldman Sachs Group Inc.
    United States International Equities
    0.96%
Type Target Actual
Cash and Cash Equivalents 0.0% 9.96%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.29%
International Equities 100.0% 89.75%
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.