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:

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

Companies of concern

    • Nestle SA-Reg 1.15%
    • Uber Technologies Inc 0.56%
    • Rio Tinto PLC 0.30%
    • Johnson & Johnson 0.26%
    • Motorola Solutions Inc 0.26%
    • Meta Platforms Inc-Class A 0.25%
    • Shell PLC 0.31% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • BHP Group Ltd 0.25% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Newcrest Mining Ltd 0.14%
    • Chevron Corp 0.12% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Duke Energy Corp 0.10%
    • Shin-Etsu Chemical Co Ltd 0.97%
    • LVMH Moet Hennessy Louis Vui 0.81%
    • Unilever PLC 0.40%
    • Procter & Gamble Co/The 0.33%
    • Shell PLC 0.31% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Koninklijke Ahold Delhaize N 0.29%
    • Henkel AG & Co Kgaa 0.27%
    • Exxon Mobil Corp 0.16% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Colgate-Palmolive Co 0.13%
    • Shiseido Co Ltd 0.13%
    • Tosoh Corp 0.13%
    • Chevron Corp 0.12% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Kering 0.11%
    • Henkel AG & Co Kgaa Vor-Pref 0.08%
    • Walmart Inc 0.36%
    • Weir Group PLC/The 0.62%
    • National Grid PLC 0.47% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Samsung C&T Corp 0.40%
    • Total SA 0.39%
    • Ck Hutchison Holdings Ltd 0.34%
    • Endesa SA 0.32% 1.5°C
      This company is on a 1.5°C pathway
    • Shell PLC 0.31% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Rio Tinto PLC 0.30%
    • BHP Group Ltd 0.25% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Centrica PLC 0.24%
    • Consolidated Edison Inc 0.23%
    • Lg Corp 0.17%
    • Osaka Gas Co Ltd 0.17% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Exxon Mobil Corp 0.16% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Enel Spa 0.13% 1.5°C
      This company is on a 1.5°C pathway
    • Chevron Corp 0.12% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Kansai Electric Power Co Inc 0.12%
    • Southern Co/The 0.12%
    • Air Water Inc 0.10%
    • Duke Energy Corp 0.10%
    • Engie 0.08% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Lg Corp-Pref 0.07%

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

Aims to achieve positive long-term returns by investing in international shares. These investments typically have very high levels of movement up and down in value.

Value $123M NZD
Period of data report 30th Sept. 2023
Fund started 26th June 2008
Total annual fund fees 1.37%
Total performance based fees 0.0%
Manager's basic fee 1.02%
Other management and administration charges 0.35%
Total other charges 0.0
Total other charges currency NZD

Paul Robertshawe

Currently: Chief Investment Officer, Octagon Asset Management Limited (1 years, 10 months)
Previously: Portfolio Manager, Forsyth Barr Limited (0 years, 8 months)

Craig Alexander

Currently: Head of Fixed Interest and ESG, Octagon Asset Management Limited (1 years, 10 months)
Previously: Co-Head of Funds Management, Forsyth Barr Limited (8 years, 5 months)

Jason Lindsay

Currently: Head of Equities, Octagon Asset Management Limited (1 years, 10 months)
Previously: Co-Head of Funds Management, Forsyth Barr Limited (2 years, 2 months)

Neil Paviour-Smith

Currently: Director, Forsyth Barr Investment Management Limited (15 years, 7 months)
Previously: Managing Director at Forsyth Barr Investment Management Limited (current) (22 years, 9 months)

Christine Smith-Han

Currently: Equity and Strategy Analyst, Octagon Asset Management Limited (1 years, 10 months)
Previously: Portfolio Analyst, Forsyth Barr Limited (4 years, 10 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 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% -6.41%
2022 3.53% -9.57%
2021 35.55% 24.3%
2020 -7.06% 5.15%
2019 10.17% 5.45%
2018 7.53% 8.74%
2017 9.49% 6.94%
2016 4.71% 6.66%
2015 14.67% 18.41%
2014 10.13% 4.67%

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 30th Sept. 2023.

Top 10 Investments

  • Intermede Global Equity Fund
    Ireland International Equities
    32.77%
  • Microsoft Corporation
    United States International Equities
    2.32%
  • Alphabet Inc. Class A
    United States International Equities
    2.19%
  • Apple Inc.
    United States International Equities
    1.86%
  • Visa Inc. Class A Shares
    United States International Equities
    1.85%
  • Jp Morgan Chase & Co. USD Cash Deposit
    United States Cash and Equivalents A-
    1.64%
  • Amazon.Com Inc.
    United States International Equities
    1.52%
  • The Walt Disney Company
    United States International Equities
    1.29%
  • Verizon Communications Inc
    United States International Equities
    1.24%
  • Siemens AG-Reg
    Germany International Equities
    1.18%
Type Target Actual
Cash and Cash Equivalents 10.0% 3.27%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.41%
International Equities 90.0% 95.12%
Listed Properties 0.0% 1.2%
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 30th Sept. 2023.