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:

  • Adult Entertainment/Pornography
  • Alcohol
  • Animal Cruelty
  • Fossil Fuels
  • Gambling
  • GMOs
  • Human Rights & Environmental Violations
  • Palm Oil
  • Tobacco
  • Weapons

Companies of concern

    • Contact Energy Ltd 1.01%
    • BHP Group Ltd 0.82%
    • Woodside Energy Group Ltd 0.67%
    • Enbridge Inc 0.61%
    • National Grid PLC 0.40%
    • Sempra Energy 0.38%
    • Tc Energy Corp 0.33%
    • Contact Energy Ltd - 15/11/2022 0.29%
    • Genesis Energy Ltd 0.27%
    • Origin Energy Ltd 0.27%
    • Cheniere Energy Inc 0.26%
    • Kinder Morgan Inc 0.26%
    • Ppl Corp 0.21%
    • Clp Holdings Ltd 0.15%
    • Atmos Energy Corp 0.14%
    • Snam Spa 0.14%
    • Gibson Energy Inc 0.13%
    • Oneok Inc 0.13%
    • American Electric Power Co Inc 0.12%
    • Koninklijke Vopak Nv 0.11%
    • Nisource Inc 0.11%
    • Cms Energy Corp 0.10%
    • South32 Ltd 0.07%
    • Ameren Corp 0.04%
    • Nextera Energy Inc 0.04%
    • Ck Asset Holdings Ltd 0.02%
    • Skycity Entertainment Group Ltd 0.33%
    • Vici Properties Inc 0.06%
    • Metcash Ltd 0.17%
    • Redcape Hotel Group 0.15%
    • Treasury Wine Estates Ltd 0.11%
    • BHP Group Ltd 0.82%
    • Rio Tinto Ltd 0.21%
    • Credit Suisse Group AG - 05/06/2026 0.04%
    • Thermo Fisher Scientific Inc - 01/03/2028 0.02%
    • Wells Fargo & Co - 25/04/2053 0.02%
    • Orica Ltd 0.17%
    • Graincorp Ltd 0.07%
    • Argentum Netherlands Bv For Zurich Insurance Co Ltd - 01/10/2046 0.02%
    • Coca-Cola Co/The - 01/06/2030 0.02%
    • Dupont De Nemours Inc - 15/11/2028 0.02%
    • Kraft Heinz Foods Co - 01/04/2030 0.02%
    • Pepsico Inc - 15/10/2027 0.02%
    • Unilever Finance Netherlands Bv - 12/02/2027 0.02%
    • Koninklijke Dsm Nv - 23/06/2032 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. 2022 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 aims to provide a gross fixed monthly income in excess of bank deposit rates, along with a positive return on capital over the long term. To achieve this, the fund invests in a diversified mix of growth and defensive assets, with a focus on reliable income generation. Environmental, Social and Governance characteristics are integrated into the underlying investment managers’ investment processes.

Value $51M NZD
Period of data report 31st Dec. 2022
Fund started 30th June 2014
Total annual fund fees 0.92%
Total performance based fees 0.0%
Manager's basic fee 0.8%
Other management and administration charges 0.12%
Total other charges 0.0
Total other charges currency NZD

Rebekah Swan

Currently: Head of New Zealand Public Investments, Macquarie Asset Management (NZ) Limited (0 years, 10 months)
Previously: Managing Director and Head of Client Services, AMP Capital Investors (New Zealand) Limited (1 years, 5 months)

Vicky Hyde-Smith

Currently: Associate Director, Macquarie Asset Management (NZ) Limited (0 years, 10 months)
Previously: Head of Fixed Income, AMP Capital Investors (New Zealand) Limited (5 years, 1 months)

Grant Hassell

Currently: Chair, Macquarie Asset Management (NZ) Limited (0 years, 10 months)
Previously: Global Head of Fixed Income, AMP Capital Investors Limited (3 years, 4 months)

Michael Gray

Currently: Head of Investment Strategy (NZ), Macquarie Asset Management (NZ) Limited (0 years, 10 months)
Previously: Head of Investments NZ, AMP Capital Investors (New Zealand) Limited (1 years, 0 months)

Supriya Edwards

Currently: Investment Specialist, Macquarie Asset Management (NZ) Limited (0 years, 10 months)
Previously: Fixed Income Analyst, AMP Capital Investors (New Zealand) Limited (1 years, 7 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.

Investment Exclusions

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

Issue of concern Does this fund say it excludes this? Actual holdings
Adult Entertainment /Pornography 0.00%
Alcohol 0.43%
Animal Cruelty 0.43%
Fossil Fuels 7.09%
Gambling 0.39%
GMOs 0.00%
Human Rights & Environmental Violations 1.15%
Palm Oil 0.01%
Tobacco 0.00%
Weapons 0.00%

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. 2022 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.

Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

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
2022 0.34% 4.03%
2021 17.46% 16.77%
2020 -1.59% -3.82%
2019 4.47% 7.28%
2018 4.41% 3.19%
2017 5.71% 4.88%
2016 3.06% 4.46%

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. 2022.

Top 10 Investments

  • New Zealand (Government Of) Ilbnd (Mat 20/9/25)
    New Zealand NZ Fixed Interest AAA
    5.76%
  • New Zealand (Government Of) Ilbnd (Mat 20/9/30)
    New Zealand NZ Fixed Interest AAA
    4.77%
  • Fisher and Paykel Healthcare Corpo
    New Zealand Australasian Equities
    2.59%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    2.16%
  • Mainfreight Ltd
    New Zealand Australasian Equities
    1.45%
  • ASB Bank Ltd Regs (Mat 7/9/23)
    New Zealand NZ Fixed Interest AA-
    1.42%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.35%
  • Ebos Group Ltd
    New Zealand Australasian Equities
    1.3%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    1.3%
  • Infratil Ltd
    New Zealand Australasian Equities
    1.19%
Type Target Actual
Cash and Cash Equivalents 10.0% 3.95%
New Zealand Fixed Interest 25.0% 34.48%
International Fixed Interest 25.0% 17.84%
Australasian Equities 30.0% 29.73%
International Equities 5.0% 9.2%
Listed Properties 5.0% 4.8%
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 31st Dec. 2022.