Funds

Whai Rawa Tōtara - Conservative Fund

Total Ethical Concerns: 3.54%

The average total concerns of all managed conservative funds is 3.17%.

Companies of Concern

  • Animal Cruelty 0.7%

    • Air Liquide
      0.10%
      0.10%
    • Ecolab, Inc.
      0.10%
      0.10%
    • 0.08%
    • Unilever PLC
      0.06%
      0.06%
    • Givaudan Finance Europe Bv
      0.04%
      0.04%
    • Yara International Asa
      0.03%
      0.03%
    • Colgate-Palmolive Co.
      0.02%
      0.02%
    • FMC Corp.
      0.02%
      0.02%
    • Koninklijke Ahold Delhaize Nv
      0.02%
      0.02%
    • Orbia Advance Corp. Sab De Cv
      0.02%
      0.02%
    • Symrise AG
      0.02%
      0.02%
    • The Sherwin-Williams Co.
      0.02%
      0.02%
    • Braskem SA
      0.01%
      0.01%
    • Hermès International Sca
      0.01%
      0.01%
    • Nomad Foods Ltd
      0.01%
      0.01%
    • Nutrien Ltd.
      0.01%
      0.01%
    • The Dow Chemical Co.
      0.01%
      0.01%
  • Human Rights Violations 0.66%

    • 0.15%
    • UBS
      0.10%
      0.10%
    • 0.08%
    • General Motors
      0.04%
      0.04%
    • Nestlé
      0.04%
      0.04%
    • Caterpillar
      0.02%
      0.02%
    • Holcim
      0.02%
      0.02%
    • 0.02%
    • Wells Fargo
      0.02%
      0.02%
  • Fossil Fuels 2.02%

    • Contact Energy Ltd.
      0.33%
      1.5°C
      This company is on a 1.5°C pathway
      0.33%
    • Nextera Energy, Inc.
      0.16%
      0.16%
    • National Grid PLC
      0.09%
      !!
      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
      0.09%
    • American Electric Power Co., Inc.
      0.06%
      0.06%
    • Kinder Morgan, Inc.
      0.06%
      !!
      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
      0.06%
    • Channel Infrastructure
      0.05%
      0.05%
    • Dominion Energy, Inc.
      0.05%
      0.05%
    • Duke Energy Corp
      0.05%
      0.05%
    • Oneok, Inc.
      0.05%
      0.05%
    • Targa Resources Corp.
      0.05%
      0.05%
    • Xcel Energy, Inc.
      0.05%
      0.05%
    • Électricité De France SA
      0.05%
      0.05%
    • Cheniere Energy, Inc.
      0.04%
      !!
      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
      0.04%
    • Consolidated Edison, Inc.
      0.04%
      0.04%
    • National Grid North America, Inc.
      0.04%
      !!
      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
      0.04%
    • Sempra Energy
      0.04%
      !!
      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
      0.04%
    • The Williams Cos., Inc.
      0.04%
      !!
      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
      0.04%
    • Atmos Energy Corp.
      0.03%
      0.03%
    • Edp-Energias De Portugal SA
      0.03%
      1.5°C
      This company is on a 1.5°C pathway
      0.03%
    • Engie SA
      0.03%
      !!
      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
      0.03%
    • Galaxy Pipeline Assets Bidco Ltd.
      0.03%
      0.03%
    • Pg&E Corp
      0.03%
      0.03%
    • Vier Gas Transport Gmbh
      0.03%
      0.03%
    • Western Midstream Partners Lp
      0.03%
      0.03%
    • Algonquin Power & Utilities Corp.
      0.02%
      0.02%
    • Altagas Ltd.
      0.02%
      0.02%
    • Berkshire Hathaway Energy Co.
      0.02%
      0.02%
    • Delta Air Lines, Inc.
      0.02%
      0.02%
    • Enbridge, Inc.
      0.02%
      !!
      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
      0.02%
    • Enel
      0.02%
      1.5°C
      This company is on a 1.5°C pathway
      0.02%
    • Enterprise Products Partners Lp
      0.02%
      !!
      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
      0.02%
    • Fairfax Financial Holdings Ltd.
      0.02%
      0.02%
    • Korea Electric Power Corporation (Kepco)
      0.02%
      0.02%
    • Pinnacle West Capital Corp.
      0.02%
      0.02%
    • Portland General Electric Co.
      0.02%
      0.02%
    • Rwe AG
      0.02%
      0.02%
    • Snam Spa
      0.02%
      !!
      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
      0.02%
    • Southern Power Co.
      0.02%
      0.02%
    • Vistra Energy
      0.02%
      0.02%
    • Enbw Energie Baden Württemberg AG
      0.01%
      1.5°C
      This company is on a 1.5°C pathway
      0.01%
    • Enbw International Finance Bv
      0.01%
      1.5°C
      This company is on a 1.5°C pathway
      0.01%
    • Jefferies
      0.01%
      0.01%
    • Keyera Corp.
      0.01%
      !!
      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
      0.01%
    • Nederlandse Gasunie Nv
      0.01%
      !!
      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
      0.01%
    • Pembina Pipeline Corp.
      0.01%
      !!
      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
      0.01%
    • The Southern Co.
      0.01%
      0.01%
  • Weapons 0.05%

    • Amphenol Corp.
      0.03%
      0.03%
    • Howmet Aerospace, Inc.
      0.02%
      0.02%
  • Environmental Harm 0.31%

    • Unilever PLC
      0.06%
      0.06%
    • Duke Energy Corp
      0.05%
      0.05%
    • Coca-Cola
      0.03%
      0.03%
    • PepsiCo
      0.03%
      0.03%
    • Pg&E Corp
      0.03%
      0.03%
    • FMC Corp.
      0.02%
      0.02%
    • Mondelez
      0.02%
      0.02%
    • Nutrien Ltd.
      0.01%
      0.01%

From the Fund Provider

  • About this fund

    About this Fund

    The Whai Rawa Tōtara-Conservative Fund invests mostly in cash and fixed interest, with only some investment in shares and real assets. This fund may be suitable for investors who want to achieve slightly higher returns than those expected from investing solely in cash. Investors need to be comfortable with the possibility of some fluctuations in returns.

    Value $84.1M NZD
    Period of data report 31st March 2025
    Fund started 1st Oct. 2006
    Total annual fund fees 0.47%
    Total performance based fees 0.0%
    Manager's basic fee 0.0%
    Other management and administration charges 0.47%
    Total other charges 0.0
    Total other charges currency NZD

    Anthony Bow

    Currently: Chair (0 years, 4 months)
    Previously: Board Member, Whai Rawa Fund Limited (other position currently held) (7 years, 1 months)

    Juliet Tainui-Hernandez

    Currently: Deputy Chair (0 years, 1 months)
    Previously: Director, ASB Bank Limited Board (other position currently held) (0 years, 10 months)

    Kendall Flutey

    Currently: Board Member (1 years, 4 months)
    Previously: Employee, Banqer (other position currently held) (10 years, 3 months)

    Renata Davis

    Currently: Board Member (1 years, 1 months)
    Previously: Tumuaki/Partner, Kāhui Legal (other position currently held) (2 years, 11 months)

    Henrietta Carroll

    Currently: Board member (1 years, 1 months)
    Previously: Director, Tāwhaki JV (other position currently held) (0 years, 6 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

  • Past Returns

    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
    2025 3.79% 3.66%
    2024 5.86% 5.11%
    2023 -1.56% -1.27%
    2022 -0.50% -0.07%
    2021 8.70% 7.01%
    2020 -0.05% 1.04%
    2019 4.31% 4.0%
    2018 3.39% 3.9%
    2017 3.28% 4.05%
    2016 2.92% 3.8%

    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.

  • Investments

    Top 10 Investments

    • New Zealand Government Bond 3.50% 14/04/2033

      New Zealand NZ Fixed Interest AAA

      2.09%
    • New Zealand Government Bond 4.50% 15/05/2035

      New Zealand NZ Fixed Interest AAA

      2.08%
    • New Zealand Government Bond 1.50% 15/05/2031

      New Zealand NZ Fixed Interest AAA

      1.99%
    • New Zealand Government Bond 2.75% 15/04/2037

      New Zealand NZ Fixed Interest AAA

      1.93%
    • New Zealand Government Bond 1.75% 15/05/2041

      New Zealand NZ Fixed Interest AAA

      1.84%
    • New Zealand Government Bond 2.00% 15/05/2032

      New Zealand NZ Fixed Interest AAA

      1.83%
    • New Zealand Local Government Funding Agency Bond 2.75% 15/04/2025

      New Zealand Cash and Equivalents AAA

      1.75%
    • New Zealand Government Bond 4.25% 15/05/2036

      New Zealand NZ Fixed Interest AAA

      1.74%
    • New Zealand Government Bond 3.00% 20/04/2029

      New Zealand NZ Fixed Interest AAA

      1.71%
    • New Zealand Government Bond 4.50% 15/04/2027

      New Zealand NZ Fixed Interest AAA

      1.43%
    Type Target Actual
    Cash and Cash Equivalents 20.0% 19.02%
    New Zealand Fixed Interest 25.0% 27.11%
    International Fixed Interest 35.0% 35.19%
    Australasian Equities 5.0% 4.89%
    International Equities 12.0% 10.53%
    Listed Properties 0.0% 0.14%
    Unlisted Properties 1.0% 0.99%
    Other 2.0% 2.13%
    Commodities 0.0% 0.0%

    Investment Mix

    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.

Issues of Concern

  • 0.7% Animal Cruelty
  • 0.66% Human Rights Violations
  • 0.01% Social Harm
  • 2.02% Fossil Fuels
  • 0.05% Weapons
  • 0.31% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • Air Liquide
      0.10%
      0.10%
    • Ecolab, Inc.
      0.10%
      0.10%
    • 0.08%
    • Unilever PLC
      0.06%
      0.06%
    • Givaudan Finance Europe Bv
      0.04%
      0.04%
    • Yara International Asa
      0.03%
      0.03%
    • Colgate-Palmolive Co.
      0.02%
      0.02%
    • FMC Corp.
      0.02%
      0.02%
    • Koninklijke Ahold Delhaize Nv
      0.02%
      0.02%
    • Orbia Advance Corp. Sab De Cv
      0.02%
      0.02%
    • Symrise AG
      0.02%
      0.02%
    • The Sherwin-Williams Co.
      0.02%
      0.02%
    • Braskem SA
      0.01%
      0.01%
    • Hermès International Sca
      0.01%
      0.01%
    • Nomad Foods Ltd
      0.01%
      0.01%
    • Nutrien Ltd.
      0.01%
      0.01%
    • The Dow Chemical Co.
      0.01%
      0.01%
  • Human Rights Violations

    • 0.15%
    • UBS
      0.10%
      0.10%
    • 0.08%
    • General Motors
      0.04%
      0.04%
    • Nestlé
      0.04%
      0.04%
    • Caterpillar
      0.02%
      0.02%
    • Holcim
      0.02%
      0.02%
    • 0.02%
    • Wells Fargo
      0.02%
      0.02%
  • Fossil Fuels

    • Contact Energy Ltd.
      0.33%
      1.5°C
      This company is on a 1.5°C pathway
      0.33%
    • Nextera Energy, Inc.
      0.16%
      0.16%
    • National Grid PLC
      0.09%
      !!
      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
      0.09%
    • American Electric Power Co., Inc.
      0.06%
      0.06%
    • Kinder Morgan, Inc.
      0.06%
      !!
      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
      0.06%
    • Channel Infrastructure
      0.05%
      0.05%
    • Dominion Energy, Inc.
      0.05%
      0.05%
    • Duke Energy Corp
      0.05%
      0.05%
    • Oneok, Inc.
      0.05%
      0.05%
    • Targa Resources Corp.
      0.05%
      0.05%
    • Xcel Energy, Inc.
      0.05%
      0.05%
    • Électricité De France SA
      0.05%
      0.05%
    • Cheniere Energy, Inc.
      0.04%
      !!
      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
      0.04%
    • Consolidated Edison, Inc.
      0.04%
      0.04%
    • National Grid North America, Inc.
      0.04%
      !!
      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
      0.04%
    • Sempra Energy
      0.04%
      !!
      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
      0.04%
    • The Williams Cos., Inc.
      0.04%
      !!
      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
      0.04%
    • Atmos Energy Corp.
      0.03%
      0.03%
    • Edp-Energias De Portugal SA
      0.03%
      1.5°C
      This company is on a 1.5°C pathway
      0.03%
    • Engie SA
      0.03%
      !!
      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
      0.03%
    • Galaxy Pipeline Assets Bidco Ltd.
      0.03%
      0.03%
    • Pg&E Corp
      0.03%
      0.03%
    • Vier Gas Transport Gmbh
      0.03%
      0.03%
    • Western Midstream Partners Lp
      0.03%
      0.03%
    • Algonquin Power & Utilities Corp.
      0.02%
      0.02%
    • Altagas Ltd.
      0.02%
      0.02%
    • Berkshire Hathaway Energy Co.
      0.02%
      0.02%
    • Delta Air Lines, Inc.
      0.02%
      0.02%
    • Enbridge, Inc.
      0.02%
      !!
      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
      0.02%
    • Enel
      0.02%
      1.5°C
      This company is on a 1.5°C pathway
      0.02%
    • Enterprise Products Partners Lp
      0.02%
      !!
      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
      0.02%
    • Fairfax Financial Holdings Ltd.
      0.02%
      0.02%
    • Korea Electric Power Corporation (Kepco)
      0.02%
      0.02%
    • Pinnacle West Capital Corp.
      0.02%
      0.02%
    • Portland General Electric Co.
      0.02%
      0.02%
    • Rwe AG
      0.02%
      0.02%
    • Snam Spa
      0.02%
      !!
      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
      0.02%
    • Southern Power Co.
      0.02%
      0.02%
    • Vistra Energy
      0.02%
      0.02%
    • Enbw Energie Baden Württemberg AG
      0.01%
      1.5°C
      This company is on a 1.5°C pathway
      0.01%
    • Enbw International Finance Bv
      0.01%
      1.5°C
      This company is on a 1.5°C pathway
      0.01%
    • Jefferies
      0.01%
      0.01%
    • Keyera Corp.
      0.01%
      !!
      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
      0.01%
    • Nederlandse Gasunie Nv
      0.01%
      !!
      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
      0.01%
    • Pembina Pipeline Corp.
      0.01%
      !!
      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
      0.01%
    • The Southern Co.
      0.01%
      0.01%
  • Weapons

    • Amphenol Corp.
      0.03%
      0.03%
    • Howmet Aerospace, Inc.
      0.02%
      0.02%
  • Environmental Harm

    • Unilever PLC
      0.06%
      0.06%
    • Duke Energy Corp
      0.05%
      0.05%
    • Coca-Cola
      0.03%
      0.03%
    • PepsiCo
      0.03%
      0.03%
    • Pg&E Corp
      0.03%
      0.03%
    • FMC Corp.
      0.02%
      0.02%
    • Mondelez
      0.02%
      0.02%
    • Nutrien Ltd.
      0.01%
      0.01%

About this Fund

The Whai Rawa Tōtara-Conservative Fund invests mostly in cash and fixed interest, with only some investment in shares and real assets. This fund may be suitable for investors who want to achieve slightly higher returns than those expected from investing solely in cash. Investors need to be comfortable with the possibility of some fluctuations in returns.

Value $84.1M NZD
Period of data report 31st March 2025
Fund started 1st Oct. 2006
Total annual fund fees 0.47%
Total performance based fees 0.0%
Manager's basic fee 0.0%
Other management and administration charges 0.47%
Total other charges 0.0
Total other charges currency NZD

Anthony Bow

Currently: Chair (0 years, 4 months)
Previously: Board Member, Whai Rawa Fund Limited (other position currently held) (7 years, 1 months)

Juliet Tainui-Hernandez

Currently: Deputy Chair (0 years, 1 months)
Previously: Director, ASB Bank Limited Board (other position currently held) (0 years, 10 months)

Kendall Flutey

Currently: Board Member (1 years, 4 months)
Previously: Employee, Banqer (other position currently held) (10 years, 3 months)

Renata Davis

Currently: Board Member (1 years, 1 months)
Previously: Tumuaki/Partner, Kāhui Legal (other position currently held) (2 years, 11 months)

Henrietta Carroll

Currently: Board member (1 years, 1 months)
Previously: Director, Tāwhaki JV (other position currently held) (0 years, 6 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

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
2025 3.79% 3.66%
2024 5.86% 5.11%
2023 -1.56% -1.27%
2022 -0.50% -0.07%
2021 8.70% 7.01%
2020 -0.05% 1.04%
2019 4.31% 4.0%
2018 3.39% 3.9%
2017 3.28% 4.05%
2016 2.92% 3.8%

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.

Top 10 Investments

  • New Zealand Government Bond 3.50% 14/04/2033

    New Zealand NZ Fixed Interest AAA

    2.09%
  • New Zealand Government Bond 4.50% 15/05/2035

    New Zealand NZ Fixed Interest AAA

    2.08%
  • New Zealand Government Bond 1.50% 15/05/2031

    New Zealand NZ Fixed Interest AAA

    1.99%
  • New Zealand Government Bond 2.75% 15/04/2037

    New Zealand NZ Fixed Interest AAA

    1.93%
  • New Zealand Government Bond 1.75% 15/05/2041

    New Zealand NZ Fixed Interest AAA

    1.84%
  • New Zealand Government Bond 2.00% 15/05/2032

    New Zealand NZ Fixed Interest AAA

    1.83%
  • New Zealand Local Government Funding Agency Bond 2.75% 15/04/2025

    New Zealand Cash and Equivalents AAA

    1.75%
  • New Zealand Government Bond 4.25% 15/05/2036

    New Zealand NZ Fixed Interest AAA

    1.74%
  • New Zealand Government Bond 3.00% 20/04/2029

    New Zealand NZ Fixed Interest AAA

    1.71%
  • New Zealand Government Bond 4.50% 15/04/2027

    New Zealand NZ Fixed Interest AAA

    1.43%
Type Target Actual
Cash and Cash Equivalents 20.0% 19.02%
New Zealand Fixed Interest 25.0% 27.11%
International Fixed Interest 35.0% 35.19%
Australasian Equities 5.0% 4.89%
International Equities 12.0% 10.53%
Listed Properties 0.0% 0.14%
Unlisted Properties 1.0% 0.99%
Other 2.0% 2.13%
Commodities 0.0% 0.0%

Investment Mix

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.