Where a company has multiple ethical concerns, the total concerns percentage counts this investment once.
The average total concerns of all funds of the same risk profile is weighted by the funds' investment values.
The average total concerns of all KiwiSaver growth funds is 8.07%.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Fonterra ranks as the fifth largest source of greenhouse gas emissions among agri-food companies globally. This position is reflective of the heavy environmental footprint of the dairy industry, notably of methane (GHG) produced by dairy herds and other harm from intensive dairy farming practices such as through high nitrogen runoff into rivers, which flow into oceans.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Collectively the Coca-Cola related entities produce the most plastic rubbish in our oceans at 3 million tons of plastic packaging annually, which has devastating impacts on our oceans, wreaking havoc on wildlife and sending plastic particles into the food chain. Coca-Cola has also been subject to several lawsuits relating to marketing claims about the sustainability of its products.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
One of Aotearoa New Zealand’s largest electric utilities companies. Operates three thermal power stations that employ gas and diesel. In FY2024, 81% of the energy Contact generated came from renewable energy (lower than in 2023 due to a dry winter). However, at the end of 2024 Contact opened a major new geothermal renewable facility - the Tauhara plant. It is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Produces electricity from plants and distributes gas. Is expanding its portfolio of renewable assets (wind & solar farms + hydro) and options to reduce emissions from Huntly (Battery technology and biomass use). However, in 2023 35% of revenue came from fossil fuel generation - Huntley Power Station (Coal & Gas) and sales of gas from the Kupe field.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Enel is one of the world's largests producers of renewable energy in the world and also holds a 70.1% stake in the energy company, Endesa. It generates around 7% of revenue from fossil fuels. However, the company generate 68% from renewables and have announced plans to be 100% renewable by 2040. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
French based global oil major (7th largest in the world). In 2022 it produced 970 million barrels of oil and the company plans to expand their operations with an additional 7,970 million barrels in the short term (1-7 years). This planned term expansion overshoots the IEA Net-Zero Emissions Scenario by 57%.
Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.
The world’s largest social network (Facebook, Instagram, Messenger, WhatsApp). Company has faced claims and legal actions due to mental health harm (notably to young people), breaches of user privacy / data rights, and the spread of misinformation. Inadequate moderating in non-English speaking countries (e.g. Myanmar) allowed the platform to be used to incite ethnic violence. Removal of content moderation from strt of 2025 increases risk of social and political harm.
Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
Motorola is an American provider of communication products, video equipment, telecommunications equipment, software, systems, and services. Motorola Solutions and its subsidiary, Motorola Israel, have been accused of complicity in human rights violations due to its sale of communication products to the Israeli Ministry of Defence in the occupied Palestinian territories. Israeli settlements in occupied Palestinian territories are deemed illegal under international law.
The Automatic Fund is a life cycle investment option. Each month, between the ages of 20 and 80, the Automatic Fund will automatically and smoothly change a member’s target investments to a more conservative mix. Its objective is to achieve an improved long term outcome by accepting a higher investment risk and return volatility in the early stages of a member’s working life as a trade-off for potentially higher returns.
| Value | $4.13M NZD |
| Period of data report | 30th Sept. 2025 |
| Members | 145 |
| Fund started | 1st July 2007 |
| Total annual fund fees | 0.33% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.33% |
| Other management and administration charges | 0.0% |
| Total other charges | 54.0 |
| Total other charges currency | NZD |
|
Basil Morrison |
Currently: LGST Chairman (13 years, 10 months)
|
|
Grant Hassell |
Currently: Licensed Independent Trustee (1 years, 4 months)
|
|
Charlie Howe |
Currently: Chief Executive Officer (Civic Financial Services) (3 years, 7 months)
|
|
Glenn Watkin |
Currently: Chief Financial Officer (Civic Financial Services) (6 years, 2 months)
|
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2025.
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 |
|---|---|---|
| 2025 | 3.71% | 4.8% |
| 2024 | 14.15% | 12.85% |
| 2023 | -3.87% | -2.74% |
| 2022 | 1.40% | 2.49% |
| 2021 | 28.16% | 23.0% |
| 2020 | -3.43% | -3.28% |
| 2019 | 6.75% | 9.15% |
| 2018 | 7.80% | 6.6% |
| 2017 | 9.24% | 7.12% |
| 2016 | 3.62% | 4.13% |
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 KiwiSaver fund has filed with Disclose register to 30th Sept. 2025.
Mercer Overseas Shares Index Portfolio
New Zealand International Equities
Harbour NZ Shares Index Fund
New Zealand Australasian Equities
Harbour Real Estate Investment Fund
New Zealand Listed Property
Hunter Global Fixed Interest Fund
New Zealand Int Fixed Interest
Mercer Hedged Overseas Shares Index Portfolio
New Zealand International Equities
Harbour NZ Core Fixed Interest Fund
New Zealand NZ Fixed Interest
Harbour Enhanced Cash Fund
New Zealand Cash and Equivalents
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 5.0% |
| New Zealand Fixed Interest | 8.0% | 7.99% |
| International Fixed Interest | 12.0% | 11.96% |
| Australasian Equities | 17.5% | 17.61% |
| International Equities | 45.0% | 44.86% |
| Listed Properties | 12.5% | 12.58% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2025.
This data is compiled by Mindful Money from the fund information and portfolios
that each
KiwiSaver
fund has
filed with the Disclose register to 31st March 2025 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.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Fonterra ranks as the fifth largest source of greenhouse gas emissions among agri-food companies globally. This position is reflective of the heavy environmental footprint of the dairy industry, notably of methane (GHG) produced by dairy herds and other harm from intensive dairy farming practices such as through high nitrogen runoff into rivers, which flow into oceans.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Collectively the Coca-Cola related entities produce the most plastic rubbish in our oceans at 3 million tons of plastic packaging annually, which has devastating impacts on our oceans, wreaking havoc on wildlife and sending plastic particles into the food chain. Coca-Cola has also been subject to several lawsuits relating to marketing claims about the sustainability of its products.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
One of Aotearoa New Zealand’s largest electric utilities companies. Operates three thermal power stations that employ gas and diesel. In FY2024, 81% of the energy Contact generated came from renewable energy (lower than in 2023 due to a dry winter). However, at the end of 2024 Contact opened a major new geothermal renewable facility - the Tauhara plant. It is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Produces electricity from plants and distributes gas. Is expanding its portfolio of renewable assets (wind & solar farms + hydro) and options to reduce emissions from Huntly (Battery technology and biomass use). However, in 2023 35% of revenue came from fossil fuel generation - Huntley Power Station (Coal & Gas) and sales of gas from the Kupe field.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Enel is one of the world's largests producers of renewable energy in the world and also holds a 70.1% stake in the energy company, Endesa. It generates around 7% of revenue from fossil fuels. However, the company generate 68% from renewables and have announced plans to be 100% renewable by 2040. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
French based global oil major (7th largest in the world). In 2022 it produced 970 million barrels of oil and the company plans to expand their operations with an additional 7,970 million barrels in the short term (1-7 years). This planned term expansion overshoots the IEA Net-Zero Emissions Scenario by 57%.
Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.
The world’s largest social network (Facebook, Instagram, Messenger, WhatsApp). Company has faced claims and legal actions due to mental health harm (notably to young people), breaches of user privacy / data rights, and the spread of misinformation. Inadequate moderating in non-English speaking countries (e.g. Myanmar) allowed the platform to be used to incite ethnic violence. Removal of content moderation from strt of 2025 increases risk of social and political harm.
Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
Motorola is an American provider of communication products, video equipment, telecommunications equipment, software, systems, and services. Motorola Solutions and its subsidiary, Motorola Israel, have been accused of complicity in human rights violations due to its sale of communication products to the Israeli Ministry of Defence in the occupied Palestinian territories. Israeli settlements in occupied Palestinian territories are deemed illegal under international law.
The Automatic Fund is a life cycle investment option. Each month, between the ages of 20 and 80, the Automatic Fund will automatically and smoothly change a member’s target investments to a more conservative mix. Its objective is to achieve an improved long term outcome by accepting a higher investment risk and return volatility in the early stages of a member’s working life as a trade-off for potentially higher returns.
| Value | $4.13M NZD |
| Period of data report | 30th Sept. 2025 |
| Members | 145 |
| Fund started | 1st July 2007 |
| Total annual fund fees | 0.33% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.33% |
| Other management and administration charges | 0.0% |
| Total other charges | 54.0 |
| Total other charges currency | NZD |
|
Basil Morrison |
Currently: LGST Chairman (13 years, 10 months)
|
|
Grant Hassell |
Currently: Licensed Independent Trustee (1 years, 4 months)
|
|
Charlie Howe |
Currently: Chief Executive Officer (Civic Financial Services) (3 years, 7 months)
|
|
Glenn Watkin |
Currently: Chief Financial Officer (Civic Financial Services) (6 years, 2 months)
|
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2025.
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 |
|---|---|---|
| 2025 | 3.71% | 4.8% |
| 2024 | 14.15% | 12.85% |
| 2023 | -3.87% | -2.74% |
| 2022 | 1.40% | 2.49% |
| 2021 | 28.16% | 23.0% |
| 2020 | -3.43% | -3.28% |
| 2019 | 6.75% | 9.15% |
| 2018 | 7.80% | 6.6% |
| 2017 | 9.24% | 7.12% |
| 2016 | 3.62% | 4.13% |
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 KiwiSaver fund has filed with Disclose register to 30th Sept. 2025.
Mercer Overseas Shares Index Portfolio
New Zealand International Equities
Harbour NZ Shares Index Fund
New Zealand Australasian Equities
Harbour Real Estate Investment Fund
New Zealand Listed Property
Hunter Global Fixed Interest Fund
New Zealand Int Fixed Interest
Mercer Hedged Overseas Shares Index Portfolio
New Zealand International Equities
Harbour NZ Core Fixed Interest Fund
New Zealand NZ Fixed Interest
Harbour Enhanced Cash Fund
New Zealand Cash and Equivalents
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 5.0% |
| New Zealand Fixed Interest | 8.0% | 7.99% |
| International Fixed Interest | 12.0% | 11.96% |
| Australasian Equities | 17.5% | 17.61% |
| International Equities | 45.0% | 44.86% |
| Listed Properties | 12.5% | 12.58% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2025.
This data is compiled by Mindful Money from the fund information and portfolios
that each
KiwiSaver
fund has
filed with the Disclose register to 31st March 2025 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.
