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

    • Meta Platforms Inc-Class A 0.11%
    • Johnson & Johnson 0.07%
    • Nestle Holdings Inc 0.07%
    • Thermo Fisher Scientific Inc 0.07%
    • Ubs Group AG 0.06%
    • Nestle SA-Reg 0.02%
    • Wells Fargo & Company 0.02%
    • Motorola Solutions Inc 0.01%
    • Uber Technologies Inc 0.01%
    • Ubs Group AG-Reg 0.01%
    • Procter & Gamble Co/The 0.11%
    • Reliance Industries Ltd 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
    • Air Liquide SA 0.08%
    • Essity Ab 0.07%
    • Kimberly-Clark De Mexico 0.07%
    • Ecolab Inc 0.06%
    • Clorox Company 0.04%
    • L'Oreal 0.04%
    • Colgate-Palmolive Co 0.03%
    • Symrise AG 0.03%
    • Unilever PLC 0.03%
    • Equate Petrochemical Bv 0.02%
    • Givaudan Fin Europe 0.02%
    • Nomad Foods Ltd 0.02%
    • Intl Flavors & Fragrances 0.01%
    • LVMH Moet Hennessy Louis Vui 0.01%
    • Shin-Etsu Chemical Co Ltd 0.01%
    • Contact Energy Ltd 0.39% 1.5°C
      This company is on a 1.5°C pathway
    • Nextera Energy Inc 0.10%
    • A2A Spa 0.09%
    • E.On Intl Finance Bv 0.09%
    • Enel Finance Intl Nv 0.09% 1.5°C
      This company is on a 1.5°C pathway
    • Reliance Industries Ltd 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
    • Snam Spa 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
    • Apa Infrastructure Ltd 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
    • Kinder Morgan Inc 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
    • Vier Gas Transport Gmbh 0.08%
    • Consolidated Edison Inc 0.07%
    • Enel Chile SA 0.07% 1.5°C
      This company is on a 1.5°C pathway
    • Esb Finance Dac 0.07%
    • Hera Spa 0.07%
    • Naturgy Finance Bv 0.06%
    • National Grid PLC-Sp Adr 0.05% !!
      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
    • Iberdrola SA 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Enterprise Products Oper 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
    • Iberdrola Finanzas Sau 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Orsted A/S 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Alliant Energy Corp 0.02%
    • Dominion Energy Inc 0.02%
    • Edp Finance Bv 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Enel Spa 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Hutchison Whampoa Fin UK 0.02%
    • Pinnacle West Capital 0.02%
    • Portland General Electric Co 0.02%
    • Valero Energy Corp 0.02%
    • Xcel Energy Inc 0.02%
    • Atlantica Sustainable Infras 0.01%
    • Centerpoint Energy Inc 0.01%
    • Genesis Energy Ltd 0.01%
    • Marathon Petroleum Corp 0.01%
    • Rwe AG 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 31st March 2024 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 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 $81.8M NZD
Period of data report 30th June 2024
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

David Boyle

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

Anthony Bow

Currently: Board member (6 years, 4 months)
Previously: Principal Waimana Capital Limited (other position currently held) (7 years, 9 months)

Kendall Flutey

Currently: Board Member (0 years, 7 months)
Previously: CEO, Banqer (other position currently held) (9 years, 6 months)

Renata Davis

Currently: Board Member (0 years, 4 months)
Previously: Tumuaki/Partner, Kāhui Legal (other position currently held) (2 years, 2 months)

Henrietta Carroll

Currently: Board member (0 years, 4 months)
Previously: Kaihautū Mahaanui Kurataiao (other position held) (18 years, 3 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.

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
2024 5.67% 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%
2015 8.63% 7.85%

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 June 2024.

Top 10 Investments

  • Westpac New Zealand Limited 2.22% 29/07/2024
    New Zealand Cash and Equivalents AA-
    2.33%
  • New Zealand Government Bond 1.75% 15/05/2041
    New Zealand NZ Fixed Interest AAA
    1.75%
  • Kiwibank Limited 2.16% 20/09/2024
    New Zealand Cash and Equivalents AA-
    1.7%
  • New Zealand Government Bond 1.50% 15/05/2031
    New Zealand NZ Fixed Interest AAA
    1.45%
  • ASB Bank Limited Bond 1.83% 19/08/2024
    New Zealand Cash and Equivalents AA-
    1.34%
  • New Zealand Government Bond 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AAA
    1.18%
  • New Zealand Lgfa 18/09/2024
    New Zealand Cash and Equivalents AAA
    1.16%
  • New Zealand Government Bond 4.25% 15/05/2034
    New Zealand NZ Fixed Interest AAA
    1.15%
  • Housing New Zealand Limited Bond 3.36% 12/06/2025
    New Zealand NZ Fixed Interest AAA
    1.14%
  • New Zealand Government Bond 3.00% 20/04/2029
    New Zealand NZ Fixed Interest AAA
    1.1%
Type Target Actual
Cash and Cash Equivalents 30.0% 27.81%
New Zealand Fixed Interest 15.0% 16.97%
International Fixed Interest 35.0% 34.8%
Australasian Equities 5.0% 4.92%
International Equities 12.0% 11.98%
Listed Properties 0.0% 0.5%
Unlisted Properties 1.0% 1.0%
Other 2.0% 2.02%
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 June 2024.