Fund type: Defensive fund
Past Returns: *3.30%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 managed defensive funds is 1.99%.
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 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.
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.
Fund type: Defensive fund
Past Returns: *3.30%The Cash Fund aims to achieve positive long term returns by investing in an underlying fund (or funds) which invest in cash, cash equivalents and short-term New Zealand fixed interest assets.
| Value | $17.4M NZD |
| Period of data report | 30th Sept. 2025 |
| Fund started | 16th Aug. 2023 |
| Total annual fund fees | 1.1% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.1% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Craig Alexander |
Currently: Head of Fixed Interest and ESG, Octagon Asset Management Limited (3 years, 10 months)
|
|
Jason Lindsay |
Currently: Head of Equities, Octagon Asset Management Limited (3 years, 10 months)
|
|
Paul Robertshawe |
Currently: Chief Investment Officer Octagon Asset Management Limited (3 years, 10 months)
|
|
Neil Paviour-Smith |
Currently: Director of Forsyth Barr Investment Management Limited (current) (17 years, 7 months)
|
This information has been sourced from the quarterly data that each 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 | 3.87% | 3.47% |
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. 2025.
Bank Of China Call Account
New Zealand Cash and Equivalents A
Kiwibank Frn 13/06/2028
New Zealand NZ Fixed Interest A1
Property For Industry Limited 4.25% 01/10/2025
New Zealand NZ Fixed Interest
Kiwi Property Group Limited 11/12/2025 4.06%
New Zealand NZ Fixed Interest BBB+
New Zealand Local Government Funding Agency Ltd Cp 20/11/2025
New Zealand Cash and Equivalents AA+
Cba Frn 18/10/2027
New Zealand NZ Fixed Interest A+
Tax Management NZ Tributum Trust Cp 28/11/2025
New Zealand Cash and Equivalents A+
Investore Property Limited 2.40 %31/08/2027
New Zealand NZ Fixed Interest
Bank Of New Zealand Frn 23/11/2026
New Zealand NZ Fixed Interest AA-
Genesis Energy Limited Cp 01/10/2025
New Zealand Cash and Equivalents BBB+
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 65.0% | 58.26% |
| New Zealand Fixed Interest | 35.0% | 41.74% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| 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 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
fund has
filed with the Disclose register to 30th Sept. 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 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.
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.
Fund type: Defensive fund
Past Returns: *3.30%The Cash Fund aims to achieve positive long term returns by investing in an underlying fund (or funds) which invest in cash, cash equivalents and short-term New Zealand fixed interest assets.
| Value | $17.4M NZD |
| Period of data report | 30th Sept. 2025 |
| Fund started | 16th Aug. 2023 |
| Total annual fund fees | 1.1% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.1% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Craig Alexander |
Currently: Head of Fixed Interest and ESG, Octagon Asset Management Limited (3 years, 10 months)
|
|
Jason Lindsay |
Currently: Head of Equities, Octagon Asset Management Limited (3 years, 10 months)
|
|
Paul Robertshawe |
Currently: Chief Investment Officer Octagon Asset Management Limited (3 years, 10 months)
|
|
Neil Paviour-Smith |
Currently: Director of Forsyth Barr Investment Management Limited (current) (17 years, 7 months)
|
This information has been sourced from the quarterly data that each 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 | 3.87% | 3.47% |
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. 2025.
Bank Of China Call Account
New Zealand Cash and Equivalents A
Kiwibank Frn 13/06/2028
New Zealand NZ Fixed Interest A1
Property For Industry Limited 4.25% 01/10/2025
New Zealand NZ Fixed Interest
Kiwi Property Group Limited 11/12/2025 4.06%
New Zealand NZ Fixed Interest BBB+
New Zealand Local Government Funding Agency Ltd Cp 20/11/2025
New Zealand Cash and Equivalents AA+
Cba Frn 18/10/2027
New Zealand NZ Fixed Interest A+
Tax Management NZ Tributum Trust Cp 28/11/2025
New Zealand Cash and Equivalents A+
Investore Property Limited 2.40 %31/08/2027
New Zealand NZ Fixed Interest
Bank Of New Zealand Frn 23/11/2026
New Zealand NZ Fixed Interest AA-
Genesis Energy Limited Cp 01/10/2025
New Zealand Cash and Equivalents BBB+
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 65.0% | 58.26% |
| New Zealand Fixed Interest | 35.0% | 41.74% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| 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 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
fund has
filed with the Disclose register to 30th Sept. 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.
