NZ managed funds excluding alcohol
Funds whose SIPO excludes alcohol producers and distributors above a revenue threshold (typically >10%). Often paired with tobacco and gambling exclusions.
28 funds match. Source: each fund's Statement of Investment Policy and Objectives lodged on the FMA Disclose register.
- ACI Conservative FundACI · Diversified"Alcohol"Also excludes: Fossil fuels · Tobacco · Gambling · Adult · Weapons1.50% annualSIPO 2025-11-26
- ACI Growth FundACI · Diversified"Alcohol"Also excludes: Fossil fuels · Tobacco · Gambling · Adult · Weapons1.61% annualSIPO 2025-11-26
- Artesian Green and Sustainable Bond Fund (NZD)Artesian · International FI"Alcohol production"Also excludes: Tobacco · Adult · Fossil fuelsSIPO 2026-04-02
- Artesian Short Duration Corporate Bond Fund (NZD)Artesian · International FI"Alcohol production"Also excludes: Tobacco · Adult · Fossil fuelsSIPO 2026-04-02
- BetaShares Australian Sustainability Leaders FundBetaShares · Australasian Equities"Alcohol – production >5%; sale >20%"Also excludes: Fossil fuels · Gambling · Tobacco · Nuclear · Animal testing · Adult · Predatory lending0.67% annualSIPO 2026-03-30
- BetaShares Global Sustainability Leaders FundBetaShares · International Equities"Alcohol – production >5%; sale >20%"Also excludes: Fossil fuels · Gambling · Tobacco · Nuclear · Animal testing · Adult · Predatory lending0.77% annualSIPO 2026-03-30
- BetaShares Global Sustainability Leaders Fund (NZD Hedged)BetaShares · International Equities"Alcohol – production >5%; sale >20%"Also excludes: Fossil fuels · Gambling · Tobacco · Nuclear · Animal testing · Adult · Predatory lending0.79% annualSIPO 2026-03-30
- BetaShares NZ Sustainability Leaders FundBetaShares · Australasian Equities"Alcohol – production >5%; sale >20%"Also excludes: Fossil fuels · Gambling · Tobacco · Nuclear · Animal testing · Adult · Predatory lending0.59% annualSIPO 2026-03-30
- Daintree Core Income PIEDaintree · International FI"The manufacture of alcohol"Also excludes: Weapons · Tobacco · Gambling · Fossil fuels0.73% annualSIPO 2026-04-01
- Daintree High Income PIEDaintree · International FI"The manufacture of alcohol"Also excludes: Weapons · Tobacco · Gambling · Fossil fuels0.90% annualSIPO 2026-04-01
- Dimensional Australian Sustainability PIE FundDimensional · Australasian Equities"Alcohol (>10% revenue from production, distribution or retail of alcoholic beverages)"Also excludes: Fossil fuels · Weapons · Tobacco · Gambling · Adult0.35% annualSIPO 2025-09-29
- Dimensional Global Bond Sustainability PIE FundDimensional · International FI"Alcohol (>10% revenue from production, distribution or retail of alcoholic beverages)"Also excludes: Fossil fuels · Weapons · Tobacco · Gambling · Adult0.32% annualSIPO 2025-09-29
- Dimensional Global Sustainability PIE FundDimensional · International Equities"Alcohol (>10% revenue from production, distribution or retail of alcoholic beverages)"Also excludes: Fossil fuels · Weapons · Tobacco · Gambling · Adult0.40% annualSIPO 2025-09-29
- Dimensional Global Sustainability PIE Fund (NZD Hedged)Dimensional · International Equities"Alcohol (>10% revenue from production, distribution or retail of alcoholic beverages)"Also excludes: Fossil fuels · Weapons · Tobacco · Gambling · Adult0.40% annualSIPO 2025-09-29
- Dimensional Two-Year Sustainability Fixed Interest PIE FundDimensional · International FI"Alcohol (>10% revenue from production, distribution or retail of alcoholic beverages)"Also excludes: Fossil fuels · Weapons · Tobacco · Gambling · Adult0.25% annualSIPO 2025-09-29
- Evidential Sustainable Global Bond FundEvidential · International FI"Alcohol (greater than 10% of revenue from production, distribution or retail)"Also excludes: Fossil fuels · Weapons · Tobacco · Gambling · Adult0.32% annualSIPO 2025-11-18
- Evidential Sustainable Targeted Factor FundEvidential · International Equities"Alcohol (greater than 10% of revenue from production, distribution or retail)"Also excludes: Fossil fuels · Weapons · Tobacco · Gambling · Adult0.62% annualSIPO 2025-11-18
- Foundation Series Balanced FundFoundation Series · Diversified"Alcohol manufacturers (>0% revenue) and high-revenue retailers (Australasian Equities)"Also excludes: Tobacco · Gambling · Adult · Weapons · Fossil fuels · Animal testing · Nuclear · Russian0.36% annualSIPO 2026-01-29
- Foundation Series Global ESG FundFoundation Series · International Equities"Alcohol manufacturers (>=5% revenue) and distributors/retailers (>=10% revenue) (International Equities)"Also excludes: Tobacco · Gambling · Adult · Weapons · Nuclear · Fossil fuels0.10% annualSIPO 2026-01-29
- Foundation Series Growth FundFoundation Series · Diversified"Alcohol manufacturers (>0% revenue) and high-revenue retailers (Australasian Equities)"Also excludes: Tobacco · Gambling · Adult · Weapons · Fossil fuels · Animal testing · Nuclear · Russian0.38% annualSIPO 2026-01-29
- Foundation Series High Growth FundFoundation Series · Diversified"Alcohol manufacturers (>0% revenue) and high-revenue retailers (Australasian Equities)"Also excludes: Tobacco · Gambling · Adult · Weapons · Fossil fuels · Animal testing · Nuclear0.37% annualSIPO 2026-01-29
- Lighthouse Global Equity FundLighthouse · International Equities"Alcohol"Also excludes: Tobacco · Fossil fuels · Gambling · Adult · Animal testing1.03% annualSIPO 2026-03-27
- Mercer Responsible Balanced FundMercer · Diversified"Alcohol (>10% revenue)"Also excludes: Weapons · Tobacco · Russian · Fossil fuels · Adult · Gambling1.25% annualSIPO 2026-03-22
- Mercer Responsible Global Shares FundMercer · International Equities"Alcohol (>10% revenue)"Also excludes: Weapons · Tobacco · Russian · Fossil fuels · Adult · Gambling1.69% annualSIPO 2026-03-22
- Mercer Responsible Hedged Global Fixed Interest Index FundMercer · International FI"Alcohol (>10% revenue)"Also excludes: Weapons · Tobacco · Russian · Fossil fuels · Adult · Gambling0.43% annualSIPO 2026-03-22
- Mercer Responsible Trans-Tasman Shares FundMercer · Australasian Equities"Alcohol (>10% revenue)"Also excludes: Weapons · Tobacco · Russian · Fossil fuels · Adult · Gambling1.06% annualSIPO 2026-03-22
- Stewart Investors Worldwide Leaders FundStewart Investors · International Equities"Companies materially involved in the production of alcohol products — 5% gross revenue threshold"Also excludes: Fossil fuels · Nuclear · Tobacco · Gambling · Adult · Animal testing · Weapons0.61% annualSIPO 2026-03-30
- Te Ahumairangi Global Equity FundTe Ahumairangi · International Equities"Marketing of alcohol or recreational cannabis"Also excludes: Weapons · Tobacco · Gambling · Fossil fuels0.62% annualSIPO 2026-03-29
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.