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 3.13%
    • Glencore PLC 0.97%
    • Wells Fargo & Co 0.45%
    • Uber Technologies Inc 0.42%
    • Johnson & Johnson 0.20%
    • Nestle SA-Reg 0.16%
    • Thermo Fisher Scientific Inc 0.10%
    • Grupo Mexico Sab De Cv-Ser B 0.08%
    • Caterpillar Inc 0.07%
    • Centrais Eletricas Bras-Pr B 0.05%
    • Petrochina Co Ltd-A 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
    • Rio Tinto PLC 0.04%
    • Motorola Solutions Inc 0.02%
    • Rio Tinto Ltd 0.01%
    • Chevron Corp 1.18% !!
      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 1.07% !!
      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
    • Glencore PLC 0.97%
    • Vale SA 0.10%
    • BHP Group 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
    • Zijin Mining Group Co Ltd-H 0.08%
    • Soc Quimica Y Minera Chile-B 0.06%
    • Upl Ltd 0.04%
    • 3M Co 0.03%
    • Duke Energy Corp 0.03%
    • Freeport-Mcmoran Inc 0.03%
    • Archer-Daniels-Midland Co 0.02%
    • Basf Se 0.02%
    • Bayer AG-Reg 0.02%
    • Corteva Inc 0.02%
    • Nutrien Ltd 0.02%
    • P G & E Corp 0.02%
    • Vedanta Ltd-Adr 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
    • Barrick Gold Corp 0.01%
    • Chevron Corp 1.18% !!
      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 1.07% !!
      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
    • Eni Spa-Sponsored Adr 0.91% !!
      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
    • Exxon Mobil Corp 0.62% !!
      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
    • Procter & Gamble Co/The 0.60%
    • Otsuka Holdings Co Ltd- Unsp 0.37%
    • Seiko Epson Corp-Unspon Adr 0.16%
    • LVMH Moet Hennessy Louis Vui 0.11%
    • Nagase & Co Ltd 0.09%
    • L'Oreal 0.07%
    • Reliance Industries Ltd 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
    • Unilever PLC 0.06%
    • Yara International-Adr 0.06%
    • Air Liquide SA 0.05%
    • Upl Ltd 0.04%
    • 3M Co 0.03%
    • Colgate-Palmolive Co 0.03%
    • Hermes International 0.03%
    • Sherwin-Williams Co/The 0.03%
    • Shin-Etsu Chemical Co Ltd 0.03%
    • Basf Se 0.02%
    • Bayer AG-Reg 0.02%
    • Corteva Inc 0.02%
    • Dow Inc 0.02%
    • Dupont De Nemours Inc 0.02%
    • Ecolab Inc 0.02%
    • Eni Spa 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
    • Estee Lauder Companies-Cl A 0.02%
    • Givaudan-Reg 0.02%
    • Kering 0.02%
    • Kimberly-Clark Corp 0.02%
    • Nutrien Ltd 0.02%
    • Albemarle Corp 0.01%
    • Cabot Oil & Gas Corp 0.01%
    • Church & Dwight Co Inc 0.01%
    • Grape King Bio Ltd 0.01%
    • Kimberly-Clark De Mexico-A 0.01%
    • Koninklijke Ahold Delhaize N 0.01%
    • PPG Industries Inc 0.01%
    • Larsen & Toubro Ltd 0.10%
    • Hindustan Aeronautics Ltd. 0.09%
    • Amphenol Corp-Cl A 0.02%
    • Bharat Electronics Ltd 0.02%
    • Daikin Industries Ltd 0.02%
    • Hyundai Rotem Company 0.02%
    • Transdigm Group Inc 0.02%
    • Teledyne Technologies Inc 0.01%
    • Total SA 2.44% !!
      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 1.18% !!
      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 1.07% !!
      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
    • BP PLC 0.98% !!
      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 0.97%
    • Eni Spa-Sponsored Adr 0.91% !!
      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
    • Petrobras - Petroleo Bras-Pr 0.88% !!
      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
    • Canadian Natural Resources 0.82% !!
      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
    • Exxon Mobil Corp 0.62% !!
      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
    • Petroleo Brasileiro-Spon Adr 0.44% !!
      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
    • Marubeni Corp 0.28% !!
      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
    • Whitecap Resources Inc 0.23% !!
      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
    • Citic Ltd 0.17%
    • Equinor Asa 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
    • Jardine Matheson Hd-Unsp Adr 0.16%
    • Mitsui & Co Ltd-Spons Adr 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
    • Suncor Energy Inc 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
    • Nippon Steel Corp 0.11%
    • Eneos Holdings Inc 0.10%
    • Vale SA 0.10%
    • BHP Group 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
    • Conocophillips 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
    • Grupo Mexico Sab De Cv-Ser B 0.08%
    • China Longyuan Power Group-H 0.07%
    • Saudi Arabian Oil Co 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
    • Jindal Steel & Power Ltd 0.06%
    • Nextera Energy Inc 0.06%
    • Reliance Industries Ltd 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
    • Centrais Eletricas Bras-Pr B 0.05%
    • Enbridge Inc 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
    • Lg Corp 0.05%
    • Eog Resources Inc 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
    • Petrochina Co Ltd-A 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
    • Rio Tinto PLC 0.04%
    • Southern Co/The 0.04%
    • Duke Energy Corp 0.03%
    • Enel Spa 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Enn Energy Holdings Ltd 0.03%
    • Iberdrola SA 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Marathon Petroleum Corp 0.03%
    • Mitsubishi 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
    • Oci Nv 0.03%
    • Orlen SA 0.03%
    • Phillips 66 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
    • Pioneer Natural Resources Co 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
    • Valero Energy Corp 0.03%
    • Woodside Energy Group Ltd 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
    • American Electric Power 0.02%
    • Cheniere Energy 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
    • Consolidated Edison Inc 0.02%
    • Constellation Energy 0.02%
    • Dominion Energy Inc 0.02%
    • Eni Spa 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
    • Gd Power Development Co -A 0.02%
    • Halliburton Co 0.02%
    • Hess 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
    • Itochu 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
    • Kinder Morgan 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
    • Mitsui & Co 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
    • 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
    • Occidental Petroleum 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
    • Oci Holdings Co Ltd 0.02%
    • P G & E Corp 0.02%
    • Posco Holdings Inc 0.02%
    • Sempra Energy 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
    • Tc Energy 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
    • Vedanta Ltd-Adr 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 Cos 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
    • Cenovus 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
    • Compagnie De Saint Gobain 0.01%
    • Devon Energy 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
    • Diamondback 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 Company 0.01%
    • E.On Se 0.01%
    • Engie 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
    • Enn Natural Gas Co Ltd-A 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
    • Entergy Corp 0.01%
    • Fairfax Financial Hldgs Ltd 0.01%
    • Franco-Nevada Corp 0.01%
    • Kunlun Energy 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
    • Oci Co Ltd 0.01%
    • Oneok Inc 0.01%
    • Public Service Enterprise Gp 0.01%
    • Repsol SA 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
    • Rio Tinto Ltd 0.01%
    • Rwe AG 0.01%
    • Saudi Electricity Co 0.01%
    • Sumitomo 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
    • Wec Energy Group Inc 0.01%
    • Weg SA 0.01%
    • Xcel Energy Inc 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 fund invests in international shares listed on share markets around the world by using investment managers from around the world which are combined in a multi-manager fund. Environmental, Social and Governance characteristics are integrated into the underlying investment managers’ investment processes where applicable. The fund aims to provide a Gross Return above the return of the MSCI All Country World ex Tobacco Index with net dividends reinvested (69% gross hedged to the New Zealand dollar) on a rolling three year basis.

Value $27.7M NZD
Period of data report 31st Dec. 2023
Fund started 13th Dec. 1994
Total annual fund fees 1.3%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Other management and administration charges 0.3%
Total other charges 0.0
Total other charges currency NZD

Ross Butler

Currently: Chair - Mercer (N.Z.) Ltd (0 years, 8 months)
Previously: Director - Mercer Investments (Australia) Limited (current) (10 years, 4 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (14 years, 10 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

Kylie Willment

Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (6 years, 2 months)
Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

Padraig Brown

Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (1 years, 7 months)
Previously: Head of Real Estate Investment Management, Mercer Australia (Pty) Ltd (11 years, 2 months)

Robert Kavanagh

Currently: Head of Portfolio Management NZ - Mercer (N.Z.) Ltd (9 years, 9 months)
Previously: Vice President - Account Management PIMCO Australia Pty Limited (7 years, 0 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% -2.4%
2022 3.53% 4.41%
2021 35.55% 36.54%
2020 -7.06% -8.55%
2019 10.17% 3.83%
2018 7.53% 10.93%
2017 9.49% 14.36%
2016 4.71% -0.33%
2015 14.67% 16.52%
2014 10.13% 16.06%

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

  • Microsoft Corporation
    United States International Equities
    5.03%
  • Apple Inc
    United States International Equities
    3.82%
  • Facebook Inc Class A
    United States International Equities
    3.23%
  • Nvidia Corporation
    United States International Equities
    2.67%
  • Alphabet Inc Class C
    United States International Equities
    2.31%
  • Totalenergies Se
    France International Equities
    2.23%
  • Amazon.Com Inc
    United States International Equities
    1.59%
  • Unitedhealth Group Inc
    United States International Equities
    1.51%
  • Novo Nordisk Ordinary Shares Class B
    Denmark International Equities
    1.47%
  • Lilly (Eli) & Co
    United States International Equities
    1.25%
Type Target Actual
Cash and Cash Equivalents 0.0% 6.85%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.58%
International Equities 100.0% 92.57%
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.