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

    • Thermo Fisher Scientific Inc 0.11%
    • Nestle Holdings Inc 0.08%
    • Meta Platforms Inc-Class A 0.07%
    • Johnson & Johnson 0.06%
    • Nestle SA-Reg 0.03%
    • Wells Fargo & Co 0.02%
    • Motorola Solutions Inc 0.01%
    • 3M Company 0.06%
    • 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 0.07%
    • Essity Ab 0.07%
    • Kimberly-Clark De Mexico 0.07%
    • 3M Company 0.06%
    • LVMH Moet Hennessy Vuitt 0.06%
    • Ecolab Inc 0.05%
    • Clorox Company 0.04%
    • Croda International PLC 0.04%
    • L'Oreal 0.04%
    • Colgate-Palmolive Co 0.03%
    • Estee Lauder Companies-Cl A 0.03%
    • Procter & Gamble Co/The 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%
    • Eastman Chemical Co 0.01%
    • Intl Flavor & Fragrances 0.01%
    • Intl Flavors & Fragrances 0.01%
    • Kimberly-Clark Corp 0.01%
    • Contact Energy Ltd 0.37% 1.5°C
      This company is on a 1.5°C pathway
    • Enel Finance Intl Nv 0.10% 1.5°C
      This company is on a 1.5°C pathway
    • A2A Spa 0.09%
    • Apa Infrastructure 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
    • E.On Intl Finance Bv 0.09%
    • 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
    • Cie De Saint-Gobain 0.08%
    • Enel Chile SA 0.08% 1.5°C
      This company is on a 1.5°C pathway
    • 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
    • Esb Finance Dac 0.07%
    • Hera Spa 0.07%
    • Vier Gas Transport Gmbh 0.07%
    • Naturgy Finance Bv 0.06%
    • Nextera Energy Inc 0.06%
    • Orsted A/S 0.06% 1.5°C
      This company is on a 1.5°C pathway
    • Channel Infrastructure NZ Lt 0.05%
    • Ck Hutchison Intl 17 Ltd 0.05%
    • 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
    • Alliant Energy Corp 0.02%
    • Centerpoint Energy Inc 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%
    • Korea Gas Corp 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
    • National Grid PLC 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
    • Nextera Energy Capital 0.02%
    • Public Service Enterprise Gp 0.02%
    • Santos Finance Ltd 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
    • Williams Companies 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
    • Xcel Energy Inc 0.02%
    • E.On Se 0.01%
    • Genesis Energy Ltd 0.01%
    • Korea Midland Power Co 0.01%
    • Marathon Petroleum Corp 0.01%
    • Portland General Electric Co 0.01%
    • Valero Energy Corp 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. 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

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 $75.0M NZD
Period of data report 30th Sept. 2023
Fund started 1st Oct. 2006
Total annual fund fees 0.48%
Total performance based fees 0.0%
Manager's basic fee 0.0%
Other management and administration charges 0.48%
Total other charges 0.0
Total other charges currency NZD

Fiona Pimm

Currently: Chair (5 years, 11 months)
Previously: Whai Rawa Fund Limited Board member (other position currently held) (9 years, 5 months)

David Woods

Currently: Board member (6 years, 10 months)
Previously: Managing Director Oikocredit International, Netherlands (position previously held) (3 years, 10 months)

Clare Murray

Currently: Board Member (5 years, 7 months)
Previously: Owner Consultant Murray & Co (financial services) (other position currently held) (17 years, 6 months)

Anthony Bow

Currently: Board Member (5 years, 7 months)
Previously: Principal Waimana Capital Limited (other position currently held) (7 years, 0 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 -1.56% -1.27%
2022 -0.95% -0.07%
2021 8.70% 7.01%
2020 0.08% 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%
2014 5.69% 4.63%

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

  • New Zealand Government Bond 3.00% 20/04/2029
    New Zealand NZ Fixed Interest AAA
    2.39%
  • New Zealand Government Bond 1.75% 15/05/2041
    New Zealand NZ Fixed Interest AAA
    1.47%
  • New Zealand Government Bond 4.50% 15/04/2027
    New Zealand NZ Fixed Interest AAA
    1.36%
  • Westpac New Zealand Limited Rcd Maturing 29/11/2023
    New Zealand Cash and Equivalents AA-
    1.35%
  • New Zealand Government Bond 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AAA
    1.33%
  • New Zealand Government Bond 2.00% 15/05/2032
    New Zealand NZ Fixed Interest AAA
    1.06%
  • Housing New Zealand Limited Bond 3.36% 12/06/2025
    New Zealand NZ Fixed Interest AAA
    1.06%
  • Bank Of New Zealand - NZ Dollar Cash Account
    New Zealand Cash and Equivalents AA-
    1.04%
  • New Zealand Government Bond 1.50% 15/05/2031
    New Zealand NZ Fixed Interest AAA
    1.04%
  • Bank Of New Zealand Limited Rcd Maturing 01/11/2023
    New Zealand Cash and Equivalents AA-
    1.02%
Type Target Actual
Cash and Cash Equivalents 30.0% 28.51%
New Zealand Fixed Interest 15.0% 16.85%
International Fixed Interest 35.0% 35.09%
Australasian Equities 5.0% 4.88%
International Equities 11.5% 10.66%
Listed Properties 0.87% 1.28%
Unlisted Properties 0.87% 0.94%
Other 1.76% 1.79%
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.