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 conservative funds is 3.17%.
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Diversified personal-care, homecare, and packaged food company. The company states that its products are sold in countries where animal testing of cosmetic products is required by law. Also, the third largest producer of plastics in the world’s oceans and is the biggest corporate seller of plastic sachets, which are significantly destructive, particularly in the Global South. Has pushed back its plastic reduction targets from 2025 to 2034.
Where companies, through their products or operations, cause harm to animals e.g., animal entertainment (such as marine parks and rodeos), livestock exports, whale meat etc.
Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).
Uses exotic leather and fur products in its luxury ranges such as crocodile, python and ostrich. Brands containing exotic leather include Donna Karan, Louis Vuitton, Fendi, Bvlgari, Céline. In addition it sells cosmetics and fragrances in China where testing on animals is required.
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
L'Oréal is a personal care company and cosmetics company concentrating on hair colour, skin care, sun protection, make-up, perfume, and hair care. The company states that its products are sold in countries where animal testing of cosmetic products is required by law.
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. Thermo Fisher DNA testing kits have been linked to surveillance and discriminatory purposes by the legal authorities in Xinjiang (a region of China) for monitoring and tracking the Muslim Uyghur ethnic group and other minorities. Evidence that DNA sequencing products continue to be distributed in China, despite the company announcing it would halt sales to the region.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
One of Aotearoa New Zealand’s largest electric utilities companies. Operates three thermal power stations that employ gas and diesel. In FY2024, 81% of the energy Contact generated came from renewable energy (lower than in 2023 due to a dry winter). However, at the end of 2024 Contact opened a major new geothermal renewable facility - the Tauhara plant. It is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Diversified personal-care, homecare, and packaged food company. The company states that its products are sold in countries where animal testing of cosmetic products is required by law. Also, the third largest producer of plastics in the world’s oceans and is the biggest corporate seller of plastic sachets, which are significantly destructive, particularly in the Global South. Has pushed back its plastic reduction targets from 2025 to 2034.
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: https://www.mintasset.co.nz/responsibleinvesting
The Fund has a broad mandate which permits investments into New Zealand and international equities (including listed property if held), but will also hold cash and fixed-interest securities. The objective of the Fund is to deliver a total return (through a combination of income and capital growth) in excess of the Consumers Price Index (CPI) by 3% per annum, before fees, over the medium to long term. The relevant market index for the Fund is a composite index derived from the underlying asset classes of the Fund that make up the Fund's Strategic Asset Allocation.
| Value | $58.9M NZD |
| Period of data report | 31st March 2025 |
| Fund started | 31st Aug. 2014 |
| Total annual fund fees | 0.98% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.76% |
| Other management and administration charges | 0.22% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Marek Krzeczkowski |
Currently: Portfolio Manager (5 years, 11 months)
|
|
Ryan Falls |
Currently: Senior Analyst (2 years, 7 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
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 |
|---|---|---|
| 2025 | 3.79% | 4.34% |
| 2024 | 5.86% | 5.75% |
| 2023 | -1.56% | -2.24% |
| 2022 | -0.50% | -0.7% |
| 2021 | 8.70% | 10.1% |
| 2020 | -0.05% | -1.62% |
| 2019 | 4.31% | 5.69% |
| 2018 | 3.39% | 3.26% |
| 2017 | 3.28% | 2.56% |
| 2016 | 2.92% | 5.37% |
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 March 2025.
Vctnz 3.69% 26/11/2027
New Zealand NZ Fixed Interest BBB+
Mnwnz 3.35% 29/07/2026
New Zealand NZ Fixed Interest
Kiwibank Limited-Preference
New Zealand Australasian Equities
Cennz 5.62% 06/04/2029
New Zealand NZ Fixed Interest BBB
Anu 3.98% 18/11/2025
Australia Int Fixed Interest AA+
Tpnz 5.893% 03/15/2028
New Zealand NZ Fixed Interest AA
Chann 5.8% 20/05/2027
New Zealand NZ Fixed Interest
Debtors
New Zealand Cash and Equivalents
Spknz 4.37% 29/09/2028
New Zealand NZ Fixed Interest A-
Gptau 3.657% 24/08/2026
Australia Int Fixed Interest A-
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 5.49% |
| New Zealand Fixed Interest | 50.0% | 55.22% |
| International Fixed Interest | 15.0% | 8.06% |
| Australasian Equities | 20.0% | 17.51% |
| International Equities | 10.0% | 9.92% |
| Listed Properties | 0.0% | 3.81% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| 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 March 2025.
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 2025 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 are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Diversified personal-care, homecare, and packaged food company. The company states that its products are sold in countries where animal testing of cosmetic products is required by law. Also, the third largest producer of plastics in the world’s oceans and is the biggest corporate seller of plastic sachets, which are significantly destructive, particularly in the Global South. Has pushed back its plastic reduction targets from 2025 to 2034.
Where companies, through their products or operations, cause harm to animals e.g., animal entertainment (such as marine parks and rodeos), livestock exports, whale meat etc.
Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).
Uses exotic leather and fur products in its luxury ranges such as crocodile, python and ostrich. Brands containing exotic leather include Donna Karan, Louis Vuitton, Fendi, Bvlgari, Céline. In addition it sells cosmetics and fragrances in China where testing on animals is required.
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
L'Oréal is a personal care company and cosmetics company concentrating on hair colour, skin care, sun protection, make-up, perfume, and hair care. The company states that its products are sold in countries where animal testing of cosmetic products is required by law.
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. Thermo Fisher DNA testing kits have been linked to surveillance and discriminatory purposes by the legal authorities in Xinjiang (a region of China) for monitoring and tracking the Muslim Uyghur ethnic group and other minorities. Evidence that DNA sequencing products continue to be distributed in China, despite the company announcing it would halt sales to the region.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
One of Aotearoa New Zealand’s largest electric utilities companies. Operates three thermal power stations that employ gas and diesel. In FY2024, 81% of the energy Contact generated came from renewable energy (lower than in 2023 due to a dry winter). However, at the end of 2024 Contact opened a major new geothermal renewable facility - the Tauhara plant. It is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Diversified personal-care, homecare, and packaged food company. The company states that its products are sold in countries where animal testing of cosmetic products is required by law. Also, the third largest producer of plastics in the world’s oceans and is the biggest corporate seller of plastic sachets, which are significantly destructive, particularly in the Global South. Has pushed back its plastic reduction targets from 2025 to 2034.
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: https://www.mintasset.co.nz/responsibleinvesting
The Fund has a broad mandate which permits investments into New Zealand and international equities (including listed property if held), but will also hold cash and fixed-interest securities. The objective of the Fund is to deliver a total return (through a combination of income and capital growth) in excess of the Consumers Price Index (CPI) by 3% per annum, before fees, over the medium to long term. The relevant market index for the Fund is a composite index derived from the underlying asset classes of the Fund that make up the Fund's Strategic Asset Allocation.
| Value | $58.9M NZD |
| Period of data report | 31st March 2025 |
| Fund started | 31st Aug. 2014 |
| Total annual fund fees | 0.98% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.76% |
| Other management and administration charges | 0.22% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Marek Krzeczkowski |
Currently: Portfolio Manager (5 years, 11 months)
|
|
Ryan Falls |
Currently: Senior Analyst (2 years, 7 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
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 |
|---|---|---|
| 2025 | 3.79% | 4.34% |
| 2024 | 5.86% | 5.75% |
| 2023 | -1.56% | -2.24% |
| 2022 | -0.50% | -0.7% |
| 2021 | 8.70% | 10.1% |
| 2020 | -0.05% | -1.62% |
| 2019 | 4.31% | 5.69% |
| 2018 | 3.39% | 3.26% |
| 2017 | 3.28% | 2.56% |
| 2016 | 2.92% | 5.37% |
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 March 2025.
Vctnz 3.69% 26/11/2027
New Zealand NZ Fixed Interest BBB+
Mnwnz 3.35% 29/07/2026
New Zealand NZ Fixed Interest
Kiwibank Limited-Preference
New Zealand Australasian Equities
Cennz 5.62% 06/04/2029
New Zealand NZ Fixed Interest BBB
Anu 3.98% 18/11/2025
Australia Int Fixed Interest AA+
Tpnz 5.893% 03/15/2028
New Zealand NZ Fixed Interest AA
Chann 5.8% 20/05/2027
New Zealand NZ Fixed Interest
Debtors
New Zealand Cash and Equivalents
Spknz 4.37% 29/09/2028
New Zealand NZ Fixed Interest A-
Gptau 3.657% 24/08/2026
Australia Int Fixed Interest A-
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 5.49% |
| New Zealand Fixed Interest | 50.0% | 55.22% |
| International Fixed Interest | 15.0% | 8.06% |
| Australasian Equities | 20.0% | 17.51% |
| International Equities | 10.0% | 9.92% |
| Listed Properties | 0.0% | 3.81% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| 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 March 2025.
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 2025 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.
