NZ managed funds excluding adult entertainment

Funds whose SIPO excludes adult-entertainment producers and distributors. Often paired with tobacco and gambling exclusions under a "vice" screen.

28 funds match. Source: each fund's Statement of Investment Policy and Objectives lodged on the FMA Disclose register.

ACI Conservative Fund

ACI · Diversified

"Adult entertainment"

Also excludes: Fossil fuels · Tobacco · Alcohol · Gambling · Weapons

1.50% annual

SIPO 2025-11-26
ACI Growth Fund

ACI · Diversified

"Adult entertainment"

Also excludes: Fossil fuels · Tobacco · Alcohol · Gambling · Weapons

1.61% annual

SIPO 2025-11-26
Artesian Green and Sustainable Bond Fund (NZD)

Artesian · International FI

"Pornography production"

Also excludes: Tobacco · Alcohol · Fossil fuels

SIPO 2026-04-02
Artesian Short Duration Corporate Bond Fund (NZD)

Artesian · International FI

"Pornography production"

Also excludes: Tobacco · Alcohol · Fossil fuels

SIPO 2026-04-02
BetaShares Australian Sustainability Leaders Fund

BetaShares · Australasian Equities

"Pornography – production (0%); distribution >5%"

Also excludes: Fossil fuels · Gambling · Tobacco · Nuclear · Animal testing · Alcohol · Predatory lending

0.67% annual

SIPO 2026-03-30
BetaShares Global Sustainability Leaders Fund

BetaShares · International Equities

"Pornography – production (0%); distribution >5%"

Also excludes: Fossil fuels · Gambling · Tobacco · Nuclear · Animal testing · Alcohol · Predatory lending

0.77% annual

SIPO 2026-03-30
BetaShares Global Sustainability Leaders Fund (NZD Hedged)

BetaShares · International Equities

"Pornography – production (0%); distribution >5%"

Also excludes: Fossil fuels · Gambling · Tobacco · Nuclear · Animal testing · Alcohol · Predatory lending

0.79% annual

SIPO 2026-03-30
BetaShares NZ Sustainability Leaders Fund

BetaShares · Australasian Equities

"Pornography – production (0%); distribution >5%"

Also excludes: Fossil fuels · Gambling · Tobacco · Nuclear · Animal testing · Alcohol · Predatory lending

0.59% annual

SIPO 2026-03-30
Dimensional Australian Sustainability PIE Fund

Dimensional · Australasian Equities

"Adult entertainment (>10% revenue from production, distribution or retail of pornographic products)"

Also excludes: Fossil fuels · Weapons · Tobacco · Alcohol · Gambling

0.35% annual

SIPO 2025-09-29
Dimensional Global Bond Sustainability PIE Fund

Dimensional · International FI

"Adult entertainment (>10% revenue from production, distribution or retail of pornographic products)"

Also excludes: Fossil fuels · Weapons · Tobacco · Alcohol · Gambling

0.32% annual

SIPO 2025-09-29
Dimensional Global Sustainability PIE Fund

Dimensional · International Equities

"Adult entertainment (>10% revenue from production, distribution or retail of pornographic products)"

Also excludes: Fossil fuels · Weapons · Tobacco · Alcohol · Gambling

0.40% annual

SIPO 2025-09-29
Dimensional Global Sustainability PIE Fund (NZD Hedged)

Dimensional · International Equities

"Adult entertainment (>10% revenue from production, distribution or retail of pornographic products)"

Also excludes: Fossil fuels · Weapons · Tobacco · Alcohol · Gambling

0.40% annual

SIPO 2025-09-29
Dimensional Two-Year Sustainability Fixed Interest PIE Fund

Dimensional · International FI

"Adult entertainment (>10% revenue from production, distribution or retail of pornographic products)"

Also excludes: Fossil fuels · Weapons · Tobacco · Alcohol · Gambling

0.25% annual

SIPO 2025-09-29
Evidential Sustainable Global Bond Fund

Evidential · International FI

"Adult entertainment (greater than 10% of revenue from production, distribution or retail of pornographic products)"

Also excludes: Fossil fuels · Weapons · Tobacco · Alcohol · Gambling

0.32% annual

SIPO 2025-11-18
Evidential Sustainable Targeted Factor Fund

Evidential · International Equities

"Adult entertainment (greater than 10% of revenue from production, distribution or retail of pornographic products)"

Also excludes: Fossil fuels · Weapons · Tobacco · Alcohol · Gambling

0.62% annual

SIPO 2025-11-18
Foundation Series Balanced Fund

Foundation Series · Diversified

"Adult entertainment producers and high-revenue distributors (Australasian Equities)"

Also excludes: Tobacco · Alcohol · Gambling · Weapons · Fossil fuels · Animal testing · Nuclear · Russian

0.36% annual

SIPO 2026-01-29
Foundation Series Global ESG Fund

Foundation Series · International Equities

"Adult entertainment producers (>=5% revenue) and distributors (>=10% revenue) (International Equities)"

Also excludes: Tobacco · Alcohol · Gambling · Weapons · Nuclear · Fossil fuels

0.10% annual

SIPO 2026-01-29
Foundation Series Growth Fund

Foundation Series · Diversified

"Adult entertainment producers and high-revenue distributors (Australasian Equities)"

Also excludes: Tobacco · Alcohol · Gambling · Weapons · Fossil fuels · Animal testing · Nuclear · Russian

0.38% annual

SIPO 2026-01-29
Foundation Series High Growth Fund

Foundation Series · Diversified

"Adult entertainment producers and high-revenue distributors (Australasian Equities)"

Also excludes: Tobacco · Alcohol · Gambling · Weapons · Fossil fuels · Animal testing · Nuclear

0.37% annual

SIPO 2026-01-29
Hunter Global Fixed Interest Fund

Hunter · International FI

"Companies deriving more than 10% of earnings from pornography or gambling"

Also excludes: Tobacco · Weapons · Gambling · Fossil fuels

0.53% annual

SIPO 2025-08-27
Lighthouse Global Equity Fund

Lighthouse · International Equities

"Pornography"

Also excludes: Alcohol · Tobacco · Fossil fuels · Gambling · Animal testing

1.03% annual

SIPO 2026-03-27
Mercer Responsible Balanced Fund

Mercer · Diversified

"Adult entertainment (>10% revenue)"

Also excludes: Weapons · Tobacco · Russian · Fossil fuels · Alcohol · Gambling

1.25% annual

SIPO 2026-03-22
Mercer Responsible Global Shares Fund

Mercer · International Equities

"Adult entertainment (>10% revenue)"

Also excludes: Weapons · Tobacco · Russian · Fossil fuels · Alcohol · Gambling

1.69% annual

SIPO 2026-03-22
Mercer Responsible Hedged Global Fixed Interest Index Fund

Mercer · International FI

"Adult entertainment (>10% revenue)"

Also excludes: Weapons · Tobacco · Russian · Fossil fuels · Alcohol · Gambling

0.43% annual

SIPO 2026-03-22
Mercer Responsible Trans-Tasman Shares Fund

Mercer · Australasian Equities

"Adult entertainment (>10% revenue)"

Also excludes: Weapons · Tobacco · Russian · Fossil fuels · Alcohol · Gambling

1.06% annual

SIPO 2026-03-22
Pella Global Generations PIE Fund

Pella · International Equities

"Pornography (0% revenue threshold)"

Also excludes: Animal testing · Fossil fuels · Gambling · GMO · Tobacco · Nuclear

0.85% annual

SIPO 2025-03-26
SBS Wealth Growth Strategy

SBS Wealth · Diversified

"Adult entertainment"

Also excludes: Weapons · Tobacco

1.17% annual

SIPO 2025-10-28
Stewart Investors Worldwide Leaders Fund

Stewart Investors · International Equities

"Companies involved in production of pornography — 0% gross revenue threshold; material distribution of pornography — 5% threshold"

Also excludes: Fossil fuels · Nuclear · Alcohol · Tobacco · Gambling · Animal testing · Weapons

0.61% annual

SIPO 2026-03-30

Other exclusion categories

How exclusions work in NZ ethical funds

Exclusion screens are set in each fund's Statement of Investment Policy and Objectives (SIPO) — the foundational policy document each scheme must lodge under the Financial Markets Conduct Act 2013. Each fund's revenue threshold for inclusion in the exclusion list varies (typically >5%, >10%, or "any involvement"). The exact wording for any fund is visible on its `/investment-mandate/` page.

An exclusion screen is one component of an ethical or responsible-investment policy — the other components are positive screens (e.g. preferential weighting of high-ESG-score companies), thematic tilts (e.g. clean-energy overweight), and engagement (proxy voting, manager-investee dialogue). The SIPO sets out which approaches the manager uses; click any fund to see the full policy.