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

    • Thermo Fisher Scientific Inc 1.97%
    • Nutrien Ltd 1.66%
    • Nutrien Ltd 1.66%
    • LVMH Moet Hennessy Louis Vui 1.55%
    • Amphenol Corp-Cl A 2.02%
    • Nextera Energy Partners Lp 1.27%

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 seeks to provide investors with long-term capital growth, by investing in large companies globally, directly and through ETFs.

Value $106M NZD
Period of data report 31st Dec. 2023
Fund started 1st May 2018
Total annual fund fees 1.46%
Total performance based fees 0.0%
Manager's basic fee 1.45%
Other management and administration charges 0.01%
Total other charges 0.0
Total other charges currency NZD

Michael Taylor

Currently: Executive Director and Chief Investment Officer (1 years, 9 months)
Previously: Executive Director and Chief Executive Officer, Pie Funds (15 years, 5 months)

Guy Thornewill

Currently: Head of Global Research (5 years, 5 months)
Previously: Portfolio Manager at Ruffer LLP (9 years, 0 months)

Toby Woods

Currently: Senior Investment Analyst (4 years, 4 months)
Previously: Head of Equity Sales at Hauck & Aufhäuser (9 years, 5 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% 0.57%
2022 3.53% -2.17%
2021 35.55% 26.12%
2020 -7.06% -1.41%

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

  • BNZ Call Account - NZD
    New Zealand Cash and Equivalents AA-
  • Microsoft Corporation
    United States International Equities
  • Amazon.Com Inc
    United States International Equities
  • Schneider Electric Se
    France International Equities
  • Apple Inc
    United States International Equities
  • William Blair Sicav - Emerging Market Fund
    United States International Equities
  • Taiwan Semiconductor Manufacturing Co Ltd
    Taiwan, Province of China International Equities
  • Wal Mart De Mexico Sab De Cv
    Mexico International Equities
  • Essilorluxottica
    France International Equities
  • Equinix Inc
    United States Listed Property
Type Target Actual
Cash and Cash Equivalents 0.0% 10.19%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 1.18%
Australasian Equities 0.0% 0.0%
International Equities 100.0% 88.63%
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 31st Dec. 2023.