Get a Weapons Free Fund

Most Kiwis want to avoid weapons in their KiwiSaver or Investment funds. Here are weapons-free options.

Cut Ties With Weapons Investment

81% of Kiwis don’t want firearms, cluster bombs, nuclear weapons or other military weapons in their KiwiSaver or other investment fund. A growing number of investors recognise the massive human suffering and environmental damage that results from weapons and choose not to invest in weapons producers.

In 2016, after a public outcry, many KiwiSaver providers excluded manufacturers of cluster bombs and landmines. In the wake of the Christchurch shootings, some have excluded firearms, such as semi-automatic weapons. But these exclusions are narrowly-drawn categories. For many investors, the issue is broader. They don’t want their KiwiSaver fund to include any companies that make profits from weapons manufacturers. 

From Mindful Money's analysis of fund investments at end September 2021, $190 million of KiwiSaver money and $186 million of retail investments was invested in companies involved in the manufacture of weapons.

Although the proportion of weapons in overall investment has fallen, many investors are unwittingly investing in companies that produce nuclear weapons, firearms or other weapons categories. 

    The following is a list of the funds that have a weapons free policy, and have fully excluded them from their portfolio (Mindful Money measures the level of investment down to 0.01% of the portfolio).

      Funds that can show they have no investment in weapons can now use our new weapons free badge. Look for the badge above to be certain of who is putting their money where their mouth is.

      • Mindful Funds are the ones with This is a Mindful fund

      Fund with Weapons Free Badges

      KiwiSaver funds:

      Investment funds:


      KiwiSaver Funds with Weapons Free policy and portfolio

      AE Investor:


      • AMP Australasian Shares Fund


      Christian KiwiSaver:

      • Christian KiwiSaver Balanced Fund
      • Christian KiwiSaver Growth Fund
      • Christian KiwiSaver Income Fund

      Koura KiwiSaver:

      • Koura KiwiSaver Emerging Markets Equities Fund

      Mint via InvestNow:

      • InvestNow Mint Australasian Equity fund
      • InvestNow Mint Diversified Growth Fund

      NZ Funds:

      • NZ Funds Balanced Fund
      • NZ Funds Inflation Strategy


      • OneAnswer Australasian Share Fund
      • OneAnswer Sustainable International Share Fund



      Switch to one of the funds listed above or use the Fund Finder to find a KiwiSaver fund that matches your criteria.

      Investment Funds with Weapons Free policy and portfolio

      AE Investor:



      • Lifestages Australasian Equity Portfolio


      • Mercer Overseas Shares Fund
      • Mercer Overseas Shares (Hedged) Fund


      • Milford Australian Absolute Growth Fund


      • Mint Diversified Growth Fund

      NZ Funds:

      • NZ Funds Core Inflation Portfolio
      • NZ Funds Property Inflation Portfolio
      • NZ Funds Global Equity Growth Portfolio
      • NZ Funds Dividend And Growth Portfolio
      • NZ Funds Wealthbuilder - Inflation Strategy
      • NZ Funds Income Generator


      • OneAnswer S.A.C. New Zealand Share Fund
      • OneAnswer S.A.C. Equity Selection Fund
      • OneAnswer S.A.C. Australian Share Fund




      Switch to one of the funds listed above or use the Fund Finder to find an Investment fund that matches your criteria.

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      Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Markets Conduct Act 2013 and any associated regulations.

      Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.