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 aggressive funds is 12.02%.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Enbridge's ownership in the Dakota Access Pipeline and Enbridge Line 5 has been at the center of continuous legal scrutiny and controversy due to the environmental and human rights impact. These pipelines have poor regulation, significant contributions to GHG emissions from pipe leakage and affect the rights of Indigenous people.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Enbridge's ownership in the Dakota Access Pipeline and Enbridge Line 5 has been at the center of continuous legal scrutiny and controversy due to the environmental and human rights impact. These pipelines have poor regulation, significant contributions to GHG emissions from pipe leakage and affect the rights of Indigenous people.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Operates electric and natural gas transmission systems in the UK and US. It also operates facilities for storing LNG. including the Grain LNG terminal in the UK which is the largest LNG facility in Europe and 8th globally.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
The fund invests in infrastructure securities in both developed and emerging markets across a range of sectors. This provides access to a range of infrastructure sectors across geographic regions, with active portfolio management that seeks to target excess returns and predictable, stable cash flows. Environmental, Social and Governance characteristics are integrated into the investment process. The fund aims to provide total returns (income and capital growth) after costs and before tax, above the FTSE Developed Core Infrastructure 50/50 Index (100% hedged to the NZD on an after-tax basis) on a rolling three-year basis.
| Value | $83.8M NZD |
| Period of data report | 31st March 2026 |
| Fund started | 7th Sept. 2012 |
| Total annual fund fees | 1.34% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.25% |
| Other management and administration charges | 0.09% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Kylie Willment |
Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (8 years, 5 months)
|
|
Ross Butler |
Currently: Chair - Mercer (N.Z.) Ltd (2 years, 11 months)
|
|
Anna Scott |
Currently: CEO - Mercer (N.Z.) Ltd (0 years, 6 months)
|
|
Del Hart |
Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (0 years, 1 months)
|
|
Robert Kavanagh |
Currently: Head of Portfolio Management NZ - Mercer (N.Z.) Ltd (12 years, 0 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2026.
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 |
|---|---|---|
| 2026 | 10.96% | 13.75% |
| 2025 | 4.27% | 11.41% |
| 2024 | 15.02% | 0.34% |
| 2023 | -4.85% | -3.12% |
| 2022 | 3.53% | 21.27% |
| 2021 | 35.55% | 20.61% |
| 2020 | -7.06% | -12.31% |
| 2019 | 10.17% | 18.35% |
| 2018 | 7.53% | -4.53% |
| 2017 | 9.49% | 13.77% |
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 2026.
Nextera Energy Inc
United States International Equities
Essential Utilities
United States Other
Sempra Energy
United States International Equities
Enbridge Inc
Canada International Equities
American Electric Power Company Inc
United States International Equities
Csx Corporation
United States Other
Crown Castle International Corporation
United States Other
Cms Energy Corporation
United States International Equities
National Grid PLC
United Kingdom Other
Exelon Corporation
United States Other
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 0.54% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 100.0% | 99.46% |
| 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 2026.
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 2026 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, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Enbridge's ownership in the Dakota Access Pipeline and Enbridge Line 5 has been at the center of continuous legal scrutiny and controversy due to the environmental and human rights impact. These pipelines have poor regulation, significant contributions to GHG emissions from pipe leakage and affect the rights of Indigenous people.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Enbridge's ownership in the Dakota Access Pipeline and Enbridge Line 5 has been at the center of continuous legal scrutiny and controversy due to the environmental and human rights impact. These pipelines have poor regulation, significant contributions to GHG emissions from pipe leakage and affect the rights of Indigenous people.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Operates electric and natural gas transmission systems in the UK and US. It also operates facilities for storing LNG. including the Grain LNG terminal in the UK which is the largest LNG facility in Europe and 8th globally.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
The fund invests in infrastructure securities in both developed and emerging markets across a range of sectors. This provides access to a range of infrastructure sectors across geographic regions, with active portfolio management that seeks to target excess returns and predictable, stable cash flows. Environmental, Social and Governance characteristics are integrated into the investment process. The fund aims to provide total returns (income and capital growth) after costs and before tax, above the FTSE Developed Core Infrastructure 50/50 Index (100% hedged to the NZD on an after-tax basis) on a rolling three-year basis.
| Value | $83.8M NZD |
| Period of data report | 31st March 2026 |
| Fund started | 7th Sept. 2012 |
| Total annual fund fees | 1.34% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.25% |
| Other management and administration charges | 0.09% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Kylie Willment |
Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (8 years, 5 months)
|
|
Ross Butler |
Currently: Chair - Mercer (N.Z.) Ltd (2 years, 11 months)
|
|
Anna Scott |
Currently: CEO - Mercer (N.Z.) Ltd (0 years, 6 months)
|
|
Del Hart |
Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (0 years, 1 months)
|
|
Robert Kavanagh |
Currently: Head of Portfolio Management NZ - Mercer (N.Z.) Ltd (12 years, 0 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2026.
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 |
|---|---|---|
| 2026 | 10.96% | 13.75% |
| 2025 | 4.27% | 11.41% |
| 2024 | 15.02% | 0.34% |
| 2023 | -4.85% | -3.12% |
| 2022 | 3.53% | 21.27% |
| 2021 | 35.55% | 20.61% |
| 2020 | -7.06% | -12.31% |
| 2019 | 10.17% | 18.35% |
| 2018 | 7.53% | -4.53% |
| 2017 | 9.49% | 13.77% |
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 2026.
Nextera Energy Inc
United States International Equities
Essential Utilities
United States Other
Sempra Energy
United States International Equities
Enbridge Inc
Canada International Equities
American Electric Power Company Inc
United States International Equities
Csx Corporation
United States Other
Crown Castle International Corporation
United States Other
Cms Energy Corporation
United States International Equities
National Grid PLC
United Kingdom Other
Exelon Corporation
United States Other
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 0.54% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 100.0% | 99.46% |
| 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 2026.
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 2026 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.
