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 1.15%
    • Johnson & Johnson 0.67%
    • Nestle SA-Reg 0.57%
    • Thermo Fisher Scientific Inc 0.33%
    • Caterpillar Inc 0.24%
    • Glencore PLC 0.15%
    • Wells Fargo & Co 0.12%
    • Motorola Solutions Inc 0.09%
    • Uber Technologies Inc 0.08%
    • Raytheon Technologies Corp 0.07%
    • Rio Tinto PLC 0.07%
    • Rio Tinto PLC-Spon Adr 0.07%
    • Lockheed Martin Corp 0.06%
    • Rio Tinto Ltd 0.03%
    • Lockheed Martin Corp. 0.02%
    • Alstom 0.01%
    • Bank Hapoalim Bm 0.01%
    • Bank Leumi Le-Israel 0.01%
    • Israel Discount Bank-A 0.01%
    • Mizrahi Tefahot Bank Ltd 0.01%
    • Wilmar International Ltd 0.01%
    • Chevron Corp 0.25% !!
      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
    • Shell PLC 0.22% !!
      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
    • Glencore PLC 0.15%
    • BHP Group Ltd 0.14% !!
      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
    • Duke Energy Corp 0.12%
    • Freeport-Mcmoran Inc 0.11%
    • 3M Co 0.09%
    • Bayer AG-Reg 0.09%
    • Basf Se 0.08%
    • Corteva Inc 0.08%
    • Archer-Daniels-Midland Co 0.07%
    • Bunge Ltd 0.05%
    • Pg&E Corp 0.04%
    • Nutrien Ltd 0.03%
    • Barrick Gold Corp 0.02%
    • Fmc Corp 0.01%
    • Newcrest Mining Ltd 0.01%
    • Nissan Chemical Corp 0.01%
    • Wilmar International Ltd 0.01%
    • Procter & Gamble Co/The 0.59%
    • Exxon Mobil Corporation 0.39% !!
      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
    • Chevron Corp 0.25% !!
      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
    • Unilever PLC 0.24%
    • Shell PLC 0.22% !!
      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
    • LVMH Moet Hennessy Vuitt 0.19%
    • LVMH Moet Hennessy Louis Vui 0.18%
    • Air Liquide SA 0.17%
    • Hermes International 0.11%
    • L'Oreal 0.11%
    • Sherwin-Williams Co/The 0.10%
    • Shin-Etsu Chemical Co Ltd 0.10%
    • 3M Co 0.09%
    • Bayer AG-Reg 0.09%
    • Colgate-Palmolive Co 0.09%
    • Philip Morris International 0.09%
    • Basf Se 0.08%
    • Corteva Inc 0.08%
    • British American Tobacco Holdings (The Netherlands) Bv 0.07%
    • Ecolab Inc 0.07%
    • Kimberly-Clark Corp 0.07%
    • L'Oreal SA 0.07%
    • Altria Group Inc 0.06%
    • Dow Inc 0.06%
    • Dupont De Nemours Inc 0.06%
    • Kering 0.06%
    • Estee Lauder Companies-Cl A 0.05%
    • Givaudan-Reg 0.05%
    • Koninklijke Ahold Delhaize N 0.05%
    • PPG Industries Inc 0.05%
    • Church & Dwight Co Inc 0.04%
    • Eni Spa 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
    • Albemarle Corp 0.03%
    • Kao Corp 0.03%
    • Nutrien Ltd 0.03%
    • Philip Morris Intl Inc 0.03%
    • Rentokil Initial PLC 0.03%
    • Akzo Nobel N.V. 0.02%
    • Beiersdorf AG 0.02%
    • Clorox Company 0.02%
    • Covestro AG 0.02%
    • Entegris Inc 0.02%
    • Henkel AG & Co Kgaa Vor-Pref 0.02%
    • Intl Flavors & Fragrances 0.02%
    • Kikkoman Corp 0.02%
    • Koninklijke Dsm Nv 0.02%
    • Moncler Spa 0.02%
    • Mosaic Co/The 0.02%
    • Otsuka Holdings Co Ltd- Unsp 0.02%
    • Rpm International Inc 0.02%
    • Shiseido Co Ltd 0.02%
    • Symrise AG 0.02%
    • Tyson Foods Inc-Cl A 0.02%
    • Unicharm Corp 0.02%
    • Yara International Asa 0.02%
    • Arkema 0.01%
    • Burberry Group PLC 0.01%
    • Celanese Corp 0.01%
    • Croda International PLC 0.01%
    • Dcc PLC 0.01%
    • Eastman Chemical Co 0.01%
    • Fmc Corp 0.01%
    • Groupe Bruxelles Lambert Nv 0.01%
    • Hormel Foods Corp 0.01%
    • Icl Group Ltd 0.01%
    • Mitsubishi Chemical Group Co 0.01%
    • Nissan Chemical Corp 0.01%
    • Novozymes A/S-B Shares 0.01%
    • Otsuka Holdings Co Ltd 0.01%
    • Solvay SA 0.01%
    • Swatch Group AG/The-Br 0.01%
    • Westlake Chemical Corp 0.01%
    • Walmart Inc 0.20%
    • Transdigm Group Inc 0.16%
    • Howmet Aerospace Inc 0.13%
    • Honeywell International Inc 0.10%
    • Boeing Co/The 0.09%
    • Heico Corp 0.09%
    • Airbus Se 0.08%
    • Daikin Industries Ltd 0.07%
    • Raytheon Technologies Corp 0.07%
    • Amphenol Corp 0.06%
    • Kongsberg Gruppen Asa 0.06%
    • Lockheed Martin Corp 0.06%
    • Rolls-Royce Holdings PLC 0.06%
    • Safran SA 0.06%
    • Singapore Tech Engineering 0.06%
    • Mtu Aero Engines AG 0.05%
    • Northrop Grumman Corp 0.05%
    • Amphenol Corp-Cl A 0.04%
    • Bae Systems PLC 0.04%
    • General Dynamics Corp. 0.04%
    • Rheinmetall AG 0.03%
    • Booz Allen Hamilton Holdings 0.02%
    • L3Harris Technologies Inc 0.02%
    • Lockheed Martin Corp. 0.02%
    • Rtx Corp. 0.02%
    • Heico Corp-Class A 0.01%
    • Icl Group Ltd 0.01%
    • Jacobs Solutions Inc 0.01%
    • Melrose Industries PLC 0.01%
    • Teledyne Technologies Inc 0.01%
    • Thales SA 0.01%
    • Exxon Mobil Corporation 0.39% !!
      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
    • Marathon Petroleum Corp 0.28%
    • Chevron Corp 0.25% !!
      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
    • Shell PLC 0.22% !!
      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
    • Phillips 66 0.21% !!
      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 Inc 0.20%
    • Targa Resources Corp 0.20%
    • Williams Cos Inc 0.20% !!
      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
    • Cheniere Energy Inc 0.17% !!
      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 0.17% !!
      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
    • Valero Energy Corp 0.17%
    • Glencore PLC 0.15%
    • Totalenergies Se 0.15% !!
      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
    • BHP Group Ltd 0.14% !!
      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
    • Enbridge Inc 0.14% !!
      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 0.13% 1.5°C
      This company is on a 1.5°C pathway
    • Southern Co/The 0.13%
    • Conocophillips 0.12% !!
      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
    • Duke Energy Corp 0.12%
    • Mitsubishi Corp 0.12% !!
      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
    • Oneok Inc 0.12%
    • Snam Spa 0.12% !!
      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
    • BP PLC 0.11% !!
      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
    • Parkland Corp 0.11%
    • Mitsui & Co Ltd 0.10% !!
      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
    • Neste Oyj 0.10%
    • Enel Spa 0.09% 1.5°C
      This company is on a 1.5°C pathway
    • Itochu Corp 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
    • Keyera Corp 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
    • 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
    • Pembina Pipeline Corp 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
    • Tc Energy Corp 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
    • Hf Sinclair Corp 0.08%
    • American Electric Power 0.07%
    • Constellation Energy 0.07%
    • Marubeni Corp 0.07% !!
      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
    • Rio Tinto PLC 0.07%
    • Rio Tinto PLC-Spon Adr 0.07%
    • Sempra Energy 0.07% !!
      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
    • Altagas Ltd 0.06%
    • Consolidated Edison Inc 0.06%
    • Eog Resources 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
    • Compagnie De Saint Gobain 0.05%
    • E.On Se 0.05%
    • Hess Corp 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
    • Pioneer Natural Resources Co 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
    • Rwe AG 0.05%
    • Sumitomo Corp 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
    • Wec Energy Group Inc 0.05%
    • Xcel Energy Inc 0.05%
    • Delta Air Lines Inc 0.04%
    • Eni Spa 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
    • Halliburton Co 0.04%
    • Pg&E Corp 0.04%
    • Woodside Energy Group Ltd 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
    • Ameren Corporation 0.03%
    • Atmos Energy Corp 0.03%
    • Ck Hutchison Holdings Ltd 0.03%
    • Devon Energy Corp 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
    • Diamondback Energy Inc 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
    • Engie 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
    • Entergy Corp 0.03%
    • Equinor Asa-Spon Adr 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
    • Firstenergy Corp 0.03%
    • Nippon Steel Corp 0.03%
    • Occidental Petroleum Corp 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
    • Posco Holdings Inc 0.03%
    • Ppl Corp 0.03%
    • Public Service Enterpris 0.03%
    • Public Service Enterprise Gp 0.03%
    • Rio Tinto Ltd 0.03%
    • Arcelormittal 0.02%
    • Centerpoint Energy Inc 0.02%
    • Clp Holdings Ltd 0.02%
    • Cms Energy Corp 0.02%
    • Dominion Energy Inc 0.02%
    • Dte Energy Company 0.02%
    • Edp-Energias De Portugal SA 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Fortis 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
    • Kansai Electric Power Co Inc 0.02%
    • Loews Corp 0.02%
    • Nippon Yusen Kk 0.02%
    • Orsted A/S 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Repsol SA 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
    • Vistra Corp 0.02%
    • Aes 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
    • Alcoa Corp 0.01%
    • Alliant Energy Corp 0.01%
    • Apa 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
    • Centrica PLC 0.01%
    • Chubu Electric Power Co Inc 0.01%
    • Coterra Energy Inc 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
    • Dte Energy Co 0.01%
    • Emera Inc 0.01%
    • Endesa SA 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Eneos Holdings Inc 0.01%
    • Evergy Inc 0.01%
    • Fairfax Financial Hldgs Ltd 0.01%
    • Inpex 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
    • Intertek Group PLC 0.01%
    • Jardine Matheson Hldgs Ltd 0.01%
    • Mitsui Osk Lines Ltd 0.01%
    • Naturgy Energy Group SA 0.01%
    • Nisource Inc 0.01%
    • Nrg Energy Inc 0.01%
    • Oci Nv 0.01%
    • Osaka Gas Co Ltd 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
    • Ovintiv Inc 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
    • Santos Ltd 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
    • Tokyo Gas Co Ltd 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

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

Invests in international shares and is designed to reflect the return (before tax, fees and other expenses) of the international share markets of developed economies.

Value $225M NZD
Period of data report 31st Dec. 2023
Fund started 28th Oct. 2016
Total annual fund fees 0.48%
Total performance based fees 0.0%
Manager's basic fee 0.46%
Other management and administration charges 0.02%
Total other charges 12.0
Total other charges currency NZD

Guy Roulston Elliffe

Currently: Director (8 years, 1 months)
Previously: Corporate Governance Manager - ACC (current position) (8 years, 8 months)

Stuart Kenneth Reginald Millar

Currently: Chief Investment Officer - Smartshares (4 years, 7 months)
Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)

Anna Lennie Scott

Currently: Chief Executive Officer - Smartshares (0 years, 3 months)
Previously: Chief Operating Officer and Director - Hobson Wealth (5 years, 2 months)

Alister John Williams

Currently: Director (8 years, 1 months)
Previously: Investment Manager - Trust Management (5 years, 4 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 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 -5.17% 0.96%
2022 3.53% 6.75%
2021 35.55% 30.06%
2020 -7.06% -2.12%
2019 10.17% 7.85%
2018 7.53% 8.13%

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. 2023.

Top 10 Investments

  • Vanguard S&P 500 ETF
    United States International Equities
    21.3%
  • Vanguard FTSE Europe ETF
    United States International Equities
    11.22%
  • Vanguard FTSE Pacific ETF
    United States International Equities
    7.44%
  • Vanguard Small-Cap ETF
    United States International Equities
    5.81%
  • Vanguard Growth ETF
    United States International Equities
    4.91%
  • Vanguard Value ETF
    United States International Equities
    3.86%
  • Apple Inc
    United States International Equities
    1.95%
  • ANZ NZD Current Account
    New Zealand Cash and Equivalents AA-
    1.93%
  • Microsoft Corp
    United States International Equities
    1.92%
  • Amazon.Com Inc
    United States International Equities
    1.01%
Type Target Actual
Cash and Cash Equivalents 0.0% 1.549173%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 100.0% 98.45083%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
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 31st Dec. 2023.