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.


  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

    • Contact Energy Ltd 8.28% 1.5°C
      This company is on a 1.5°C pathway

Fund Provider Response

All companies are exposed to varying levels of ESG risks. Mint analyses the most material ESG risks companies are exposed to, and we expect our investee companies to manage these risks appropriately. If their risk management falls short of our expectations, in most cases we prefer to engage with the company to encourage sustainable change. Engagement is preferred to divestment as divesting reduces our ability to positively influence. Please see the Responsible Investing section of our website for more info:

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

The Fund invests predominantly in Australasian equities and targets medium to long-term growth. The Fund is benchmarked against the S&P/NZX 50 Gross Index with an investment objective of outperforming the benchmark after fees and expenses over the medium to long term.

Value $189M NZD
Period of data report 31st Dec. 2023
Fund started 15th Feb. 2007
Total annual fund fees 1.18%
Total performance based fees 0.0%
Manager's basic fee 1.02%
Other management and administration charges 0.16%
Total other charges 0.0
Total other charges currency NZD

David Fyfe

Currently: Portfolio Manager (6 years, 2 months)
Previously: Equity Analyst (Mint Asset Management) (1 years, 7 months)

John Middleton

Currently: Portfolio Manager (5 years, 9 months)
Previously: Head of Australasian Equity Research - ANZ (3 years, 6 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 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% -0.38%
2022 3.53% -4.26%
2021 35.55% 20.25%
2020 -7.06% 4.4%
2019 10.17% 15.59%
2018 7.53% 16.54%
2017 9.49% 7.33%
2016 4.71% 14.25%
2015 14.67% 15.31%
2014 10.13% 21.11%

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. 2023.

Top 10 Investments

  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
  • Infratil Ltd
    New Zealand Australasian Equities
  • Meridian Energy Limited
    New Zealand Australasian Equities
  • Contact Energy Ltd
    New Zealand Australasian Equities
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
  • Mainfreight Ltd
    New Zealand Australasian Equities
  • Summerset Group Holdings Ltd
    New Zealand Australasian Equities
  • CSL Limited
    Australia Australasian Equities
  • Goodman Property Trust
    New Zealand Listed Property
Type Target Actual
Cash and Cash Equivalents 9.52381% 0.75%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 90.47619% 94.4%
International Equities 0.0% 0.0%
Listed Properties 0.0% 4.84%
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. 2023.