Funds

Whai Rawa Tōtara-Conservative Fund

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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:

  • Adult Entertainment/Pornography
  • Alcohol
  • Animal Cruelty
  • Fossil Fuels
  • Gambling
  • GMOs
  • Human Rights & Environmental Violations
  • Palm Oil
  • Tobacco
  • Weapons

Companies of concern

  • Fossil Fuel

    • Contact Energy Limited 0.31%
    • Nextera Energy Inc 0.12%
    • Enel Chile SA 120628 4.875 Cb 0.09%
    • Enel Finance International Nv 250527 3.625 Cb 0.08%
    • Kinder Morgan Inc 150231 2.00 Cb 0.08%
    • Naturgy Finance Bv 290128 1.50 Cb 0.07%
    • A2A Spa 021133 1.00 Cb 0.06%
    • National Grid Gas Finance PLC 220928 2.125 Cb 0.05%
    • Edp Finance Bv 240128 1.71 Cb 0.04%
    • Iberdrola SA 0.04%
    • Sempra Energy 0.04%
    • Dominion Energy 0.03%
    • Enel Spa 0.03%
    • Entergy 0.03%
    • Enterprise Products Oper 310130 2.80 Cb 0.03%
    • Iberdrola Finanzas SA 110332 1.375 Cb 0.03%
    • Allete Inc 0.02%
    • Alliant Energy Corp Com 0.02%
    • Edp Finance Bv 210929 1.875 Cb 0.02%
    • Emera Inc 0.02%
    • Enel Spa Eur1 0.02%
    • Esb Finance Dac 190734 1.00 Cb 0.02%
    • Korea Gas Corp 120224 3.875 Cb 0.02%
    • Public Service Enterprise Group 0.02%
    • Reliance Industries Ltd 301127 3.667 Cb 0.02%
    • Snam Spa 0.02%
    • Vier Gas Transport Gmbh 260932 4.625 Cb 0.02%
    • Xcel Energy Inc 0.02%
    • Xcel Energy Inc 011229 2.60 Cb 0.02%
    • Ck Hutchison International 21 Ltd 1.5% Due 04-15-2026 Beo 0.01%
    • Enel Fin Intl Nv Fixed 4.25% Due 06-15-2025 0.01%
    • Hera Spa 0.01%
    • Pg and E Corp 0.01%
    • Santos Finance Ltd 4.125% Gtd Snr 14/09/27 USD 0.01%
    • Valero Energy Corp 0.01%

  • Tobacco

    • Alimentation Couche Tard Inc 250130 2.95 Cb 0.08%

  • Gambling

    • Vici Properties Inc 0.01%

  • Human Rights & Environmental Violations

    • Nestle Holdings Inc 240948 4.00 Cb 0.09%
    • Johnson & Johnson Com US$1 0.08%
    • Thermo Fisher Scientific Inc 0.08%
    • Nestle SA 0.03%
    • Nestle Hldgs Inc 0.875% Gtd Snr 18/07/25Eur 0.02%
    • Wells Fargo & Company 0.02%
    • Johnson and Johnson 150837 5.95 Cb 0.01%
    • Motorola Solutions Inc 0.01%
    • Pg and E Corp 0.01%

  • Animal Cruelty

    • Pepsico Inc Cap US$0.01 2/3 0.12%
    • Kimberly Clark De Mexico Sab De Cv 010731 2.431 Sf 0.09%
    • Nestle Holdings Inc 240948 4.00 Cb 0.09%
    • Essity Ab Publ 300327 1.625 Cb 0.08%
    • 3M Co 140948 4.00 Cb 0.07%
    • Coca Cola Co 090341 1.00 Cb 0.07%
    • Solvay SA 060929 0.5 Cb 0.07%
    • Colgate Palmolive Co 150845 4.00 Cb 0.06%
    • Eastman Chemical Co 260523 1.50 Cb 0.06%
    • Estee Lauder Companies 0.06%
    • Clorox Co 150530 1.80 Cb 0.05%
    • Koninklijke Dsm Nv 0.05%
    • Air Liquide 0.04%
    • Kimberly Clark Corp 010837 6.625 Cb 0.04%
    • L'Oreal 0.04%
    • Procter & Gamble Company 0.04%
    • Symrise AG 0.04%
    • Coca Cola Co USD 0.03%
    • Colgate Palmolive Usd1 0.03%
    • Nestle SA 0.03%
    • Unilever PLC 0.03%
    • Darling Ingredients Inc 0.02%
    • Equate Petrochemical Bv 031126 4.25 Cb 0.02%
    • Givaudan Finance Europe Bv 220427 1.00 Cb 0.02%
    • Kerry Group PLC 0.02%
    • Nestle Hldgs Inc 0.875% Gtd Snr 18/07/25Eur 0.02%
    • Reliance Industries Ltd 301127 3.667 Cb 0.02%
    • 3M Co 0.01%
    • Eastman Chemical Co 011228 4.50 Cb 0.01%
    • Kimberly Clark Corp Com Usd1.25 0.01%
    • Nomad Foods Ltd 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 30th Sept. 2022 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

In their own words

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 $68M NZD
Period of data report 31st Dec. 2022
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

Key Personnel

Fiona Pimm

Currently: Chair (5 years, 2 months)
Previously: Whai Rawa Fund Limited Board member (other position currently held) (8 years, 8 months)

David Woods

Currently: Board member (1 years, 1 months)
Previously: Managing Director Oikocredit International, Netherlands (position previously held) (3 years, 10 months)

Clare Murray

Currently: Board Member (4 years, 10 months)
Previously: Owner Consultant Murray & Co (financial services) (other position currently held) (16 years, 9 months)

Anthony Bow

Currently: Board Member (4 years, 10 months)
Previously: Principal Waimana Capital Limited (other position currently held) (6 years, 3 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.

Investment Exclusions

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

Issue of concern Does this fund say it excludes this? Actual holdings
Adult Entertainment /Pornography 0.00%
Alcohol 0.00%
Animal Cruelty 1.55%
Fossil Fuels 1.80%
Gambling 0.02%
GMOs 0.00%
Human Rights & Environmental Violations 0.42%
Palm Oil 0.00%
Tobacco 0.08%
Weapons 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 30th Sept. 2022 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.

Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

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
2022 -0.26% -0.07%
2021 8.99% 7.01%
2020 0.27% 1.04%
2019 4.19% 4.0%
2018 3.39% 3.9%
2017 3.28% 4.05%
2016 2.92% 3.8%
2015 8.63% 7.85%
2014 5.69% 4.63%
2013 8.30% 5.9%

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. 2022.

Top 10 Investments

  • ASB Bank Rcd Maturing 24/03/2023
    New Zealand Cash and Equivalents AA-
    2.16%
  • New Zealand Government Bond 3.00% 24/04/2029
    New Zealand NZ Fixed Interest AAA
    1.35%
  • New Zealand Government Bond 1.75% 15/05/2041
    New Zealand NZ Fixed Interest AAA
    1.27%
  • New Zealand Government Bond 0.5% 15/05/2024
    New Zealand NZ Fixed Interest AAA
    1.09%
  • Housing New Zealand Limited Bond 3.36% 12/06/2025
    New Zealand NZ Fixed Interest AAA
    1.08%
  • New Zealand Government Bond 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AAA
    1.05%
  • New Zealand Government Bond 2.75% 15/04/2025
    New Zealand NZ Fixed Interest AAA
    1.03%
  • Westpac New Zealand Limited Rcd Maturing 22/03/2023
    New Zealand Cash and Equivalents AA-
    1.0%
  • Bank Of New Zealand Bond 4.261% 03/02/2023
    New Zealand Cash and Equivalents AA-
    0.97%
  • New Zealand Local Government Treasury Bill 28/02/2023
    New Zealand Cash and Equivalents AAA
    0.83%
Type Target Actual
Cash and Cash Equivalents 30.0% 29.53%
New Zealand Fixed Interest 15.0% 14.98%
International Fixed Interest 35.0% 34.32%
Australasian Equities 5.0% 4.98%
International Equities 11.5% 11.28%
Listed Properties 0.87% 0.85%
Unlisted Properties 0.87% 1.03%
Other 1.76% 3.03%
Commodities 0.0% 0.0%

Investment Mix

How the money in this fund is invested against the fund's targets.

Target

Actual

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.