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

    • BHP Group Ltd 0.64%
    • Contact 0.37%
    • Woodside Energy Group Ltd 0.23%
    • Santos Ltd 0.16%
    • Constellation Energy 0.10%
    • Valero Energy Corp 0.09%
    • Wec Energy Group Inc 0.08%
    • Xcel Energy Inc 0.08%
    • Enbridge Inc 0.06%
    • Iberdrola SA 0.06%
    • South32 Ltd 0.06%
    • Apa Group Units 0.04%
    • Origin Energy Ltd 0.04%
    • Constellation Energy Corp 0.03%
    • Marathon Petroleum Corp 0.03%
    • Neste Oyj 0.03%
    • Ampol Ltd 0.02%
    • Atmos Energy Corp 0.02%
    • Consolidated Edison Inc 0.02%
    • Consolidated Edison Inc Com Usd0.10 0.02%
    • Hf Sinclair Corp 0.02%
    • Pbf Energy Inc Com 0.02%
    • Phillips 66 0.02%
    • Phillips 66 Com Usd0.01 0.02%
    • Sempra Energy 0.02%
    • Texas Pacific Land Corp 0.02%
    • Washington H Soul Pattinson & Comp 0.02%
    • Whitehaven Coal Ltd 0.02%
    • Agl Energy Ltd 0.01%
    • Alliant Energy Corporation 0.01%
    • Cheniere Energy Inc 0.01%
    • Dte Energy Company 0.01%
    • Hf Sinclair Corpor Com Usd0.01 0.01%
    • National Grid PLC-Sp Adr 0.01%
    • Oneok Inc 0.01%
    • Pbf Energy Inc-Class A 0.01%
    • Sempra Energy USD 0.01%
    • South Jersey Industries 0.01%
    • Ugi Corp 0.01%
    • Ugi Corp Com 0.01%
    • Walmart Inc 0.26%
    • Safran SA 0.06%
    • Teledyne Technologies Inc 0.04%
    • Transdigm Group Inc 0.04%
    • Booz Allen Hamilton Holdings 0.03%
    • Amphenol Corp Cl A 0.02%
    • Amphenol Corp-Cl A 0.02%
    • Brookfield Asset Management 0.02%
    • Dick'S Sporting Goods Inc 0.02%
    • Caci International Inc - Class A 0.01%
    • Caci International Inc -Cl A 0.01%
    • Canadian Tire Corp-Class A 0.01%
    • Rbc Bearings Inc 0.01%
    • Science Applications Inte 0.01%
    • Science Applications International Corp 0.01%
    • Casey'S General Stores Inc 0.02%
    • Skycity 0.23%
    • Aristocrat Leisure 0.15%
    • Aristocrat Leisure Ltd 0.08%
    • Diageo PLC 0.17%
    • Endeavour Group Ltd 0.03%
    • Treasury Wine Estates Ltd 0.03%
    • Metcash Ltd 0.01%
    • Corteva Inc 0.06%
    • BHP Group Ltd 0.65%
    • Meta Platforms Inc-Class A 0.30%
    • Johnson & Johnson 0.28%
    • Rio Tinto Limited 0.27%
    • Johnson & Johnson Com US$1 0.26%
    • Wells Fargo & Company 0.21%
    • Thermo Fisher Scientific Inc 0.17%
    • Activision Blizzard Inc 0.13%
    • Rio Tinto Ltd 0.11%
    • Caterpillar Inc 0.10%
    • Corteva Inc 0.06%
    • Fmc Corp 0.06%
    • Rio Tinto PLC 0.05%
    • Rio Tinto PLC Ord 10P Gbp 0.05%
    • Motorola Solutions Inc 0.04%
    • Wells Fargo & Co 0.04%
    • Uber Technologies Inc 0.02%
    • Mattel Inc 0.01%
    • Mattel Inc Com Usd1.00 0.01%
    • Nutrien Ltd 0.01%
    • Nutrien Ltd Com Npv 0.01%
    • Pepsico Inc 0.18%
    • Procter & Gamble Company 0.16%
    • Procter & Gamble Co/The 0.15%
    • LVMH Moet Hennessy Louis Vuitton 0.11%
    • Coca Cola Co USD 0.09%
    • Coca-Cola Co/The 0.09%
    • Pepsico Inc Cap US$0.01 2/3 0.09%
    • General Mills Inc 0.08%
    • Unilever PLC 0.08%
    • Unilever PLC-Sponsored Adr 0.08%
    • Avantor Inc 0.07%
    • 3M Co 0.06%
    • Corteva Inc 0.06%
    • Fmc Corp 0.06%
    • Hermes International 0.06%
    • L'Oreal 0.06%
    • Sherwin Williams Com Usd1 0.06%
    • Sherwin-Williams Co/The 0.06%
    • Colgate Palmolive Usd1 0.05%
    • Colgate-Palmolive Co 0.05%
    • Kering 0.05%
    • Estee Lauder Companies-Cl A 0.04%
    • Keurig Dr Pepper Inc 0.04%
    • PPG Industries Inc 0.04%
    • Dupont De Nemours Inc 0.03%
    • Estee Lauder Companies 0.03%
    • Koninklijke Ahold Delhaize N 0.03%
    • Koninklijke Ahold Delhaize Nv 0.03%
    • Church & Dwight Co 0.02%
    • Church & Dwight Co Inc 0.02%
    • Ecolab Inc 0.02%
    • Kellogg Co 0.02%
    • Kellogg Company 0.02%
    • Koninklijke Dsm Nv 0.02%
    • Kraft Heinz Co Com Usd0.01 0.02%
    • Kraft Heinz Co/The 0.02%
    • Orica Ltd 0.02%
    • Rpm International Inc 0.02%
    • Tapestry Inc 0.02%
    • Tapestry Inc Com Usd0.01 0.02%
    • Akzo Nobel N.V. 0.01%
    • Akzo Nobel Nv Eur0.50 0.01%
    • Albemarle Corp 0.01%
    • Albermarle Corp 0.01%
    • Campbell Soup Co 0.01%
    • Campbell Soup Co USD 0.01%
    • Capri Holdings Ltd 0.01%
    • Capri Holdings Ltd Com Npv 0.01%
    • Clorox Co Del 0.01%
    • Clorox Company 0.01%
    • Coty Inc-Cl A 0.01%
    • Dcc PLC 0.01%
    • Dow Inc 0.01%
    • Element Solutions Inc 0.01%
    • George Weston Ltd 0.01%
    • Huntsman Corp 0.01%
    • Huntsman Corporation 0.01%
    • Mosaic Co Com 0.01%
    • Mosaic Co/The 0.01%
    • Nutrien Ltd 0.01%
    • Nutrien Ltd Com Npv 0.01%
    • Sgs SA-Reg 0.01%
    • Tesco PLC 0.01%
    • Weston (George) Ltd 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 Portfolio’s primary focus is on achieving capital growth rather than income and is therefore more suited to a longer investment time horizon.

Value $160M NZD
Period of data report 31st Dec. 2022
Fund started 8th Aug. 2014
Total annual fund fees 2.25%
Total performance based fees 0.0%
Manager's basic fee 1.32%
Other management and administration charges 0.93%
Total other charges 0.0
Total other charges currency NZD

Jason Ferguson

Currently: Investment Strategist (Caliber investment) (8 years, 6 months)
Previously: Portfolio Manager (First State / ASB Group Investments) (9 years, 0 months)

Neville Caird

Currently: Chairman and Director New Zealand Investment Portfolio Management Limited (8 years, 9 months)
Previously: Chairman and Director (New Zealand Financial Planning Limited) (3 years, 0 months)

Craig Dealey

Currently: Managing Director New Zealand Investment Portfolio Management Limited (8 years, 9 months)
Previously: General Manager - NZFP Assets Management Limited (12 years, 0 months)

Mike Staal

Currently: Director New Zealand Investment Portfolio Management Limited (8 years, 9 months)
Previously: Managing Director (New Zealand Financial Planning Company Limited) (24 years, 0 months)

Mark Wooster

Currently: Chief Investment Officer (Caliber Investment) (13 years, 1 months)
Previously: Chief Investment Officer (Sovereign and ASB Group Investments) (5 years, 0 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 0.25%
Animal Cruelty 3.36%
Fossil Fuels 2.86%
Gambling 0.50%
GMOs 0.07%
Human Rights & Environmental Violations 2.98%
Palm Oil 0.00%
Tobacco 0.03%
Weapons 0.81%

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 3.19% 3.43%
2021 36.07% 31.68%
2020 -7.33% -9.12%
2019 10.16% 1.35%
2018 7.53% 3.67%
2017 9.49% 7.73%
2016 4.71% 2.64%

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

  • Dimensional Global Sust. (NZD Hedged)
    Australia International Equities
    29.74%
  • Dimensional Global Sustainability PIE Fund
    Australia International Equities
    26.92%
  • Blackrock Multi Opportunity Fund
    Australia Other
    9.47%
  • Spdr S&P/ASX 200 Index
    Australia Australasian Equities
    6.53%
  • Aqr Wholesale Delta Fund Series 14
    Australia Other
    5.63%
  • Aberdeen Standard Emerging Opportunity Fund
    Australia International Equities
    5.42%
  • Magellan Global Fund
    Australia International Equities
    4.07%
  • Devon Core Absolute Fund
    New Zealand Australasian Equities
    3.53%
  • Man Alternative Style Risk Premia Fund Cl I H NZD
    Australia Other
    3.42%
  • Cash At Bank - NZD
    New Zealand Cash and Equivalents AA-
    3.29%
Type Target Actual
Cash and Cash Equivalents 5.0% 5.27%
New Zealand Fixed Interest 5.0% 0.0%
International Fixed Interest 5.0% 0.0%
Australasian Equities 5.0% 10.06%
International Equities 45.0% 66.15%
Listed Properties 10.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 25.0% 18.52%
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.