NZ managed funds excluding animal testing
Funds whose SIPO excludes companies involved in animal testing for non-medical purposes. Typically narrower than "any animal testing" because medical research carve-outs apply.
15 funds match. Source: each fund's Statement of Investment Policy and Objectives lodged on the FMA Disclose register.
- BetaShares Australian Sustainability Leaders FundBetaShares · Australasian Equities"Animal cruelty (0%)"Also excludes: Fossil fuels · Gambling · Tobacco · Nuclear · Alcohol · Adult · Predatory lending0.67% annualSIPO 2026-03-30
- BetaShares Global Sustainability Leaders FundBetaShares · International Equities"Animal cruelty (0%)"Also excludes: Fossil fuels · Gambling · Tobacco · Nuclear · Alcohol · Adult · Predatory lending0.77% annualSIPO 2026-03-30
- BetaShares Global Sustainability Leaders Fund (NZD Hedged)BetaShares · International Equities"Animal cruelty (0%)"Also excludes: Fossil fuels · Gambling · Tobacco · Nuclear · Alcohol · Adult · Predatory lending0.79% annualSIPO 2026-03-30
- BetaShares NZ Sustainability Leaders FundBetaShares · Australasian Equities"Animal cruelty (0%)"Also excludes: Fossil fuels · Gambling · Tobacco · Nuclear · Alcohol · Adult · Predatory lending0.59% annualSIPO 2026-03-30
- Booster Socially Responsible Balanced FundBooster · Diversified"Animal testing on non-medical products"Also excludes: Gambling · Tobacco · Nuclear · Fossil fuels · GMO1.33% annualSIPO 2026-03-30
- Booster Socially Responsible Growth FundBooster · Diversified"Animal testing on non-medical products"Also excludes: Gambling · Tobacco · Nuclear · Fossil fuels · GMO1.34% annualSIPO 2026-03-30
- Booster Socially Responsible High Growth FundBooster · Diversified"Animal testing on non-medical products"Also excludes: Gambling · Tobacco · Nuclear · Fossil fuels · GMO1.35% annualSIPO 2026-03-30
- Booster Wealth Geared Growth FundBooster · Diversified"Animal testing on non-medical products"Also excludes: Gambling · Tobacco · Nuclear · Fossil fuels · GMO1.35% annualSIPO 2026-03-30
- Foundation Series Balanced FundFoundation Series · Diversified"Animal testing for non-pharmaceutical purposes (>0% revenue) (Australasian Equities)"Also excludes: Tobacco · Alcohol · Gambling · Adult · Weapons · Fossil fuels · Nuclear · Russian0.36% annualSIPO 2026-01-29
- Foundation Series Growth FundFoundation Series · Diversified"Animal testing for non-pharmaceutical purposes (>0% revenue) (Australasian Equities)"Also excludes: Tobacco · Alcohol · Gambling · Adult · Weapons · Fossil fuels · Nuclear · Russian0.38% annualSIPO 2026-01-29
- Foundation Series High Growth FundFoundation Series · Diversified"Animal testing for non-pharmaceutical purposes (>0% revenue) (Australasian Equities)"Also excludes: Tobacco · Alcohol · Gambling · Adult · Weapons · Fossil fuels · Nuclear0.37% annualSIPO 2026-01-29
- Kernel Global ESG FundKernel · International Equities"Non-pharma animal testing"0.25% annualSIPO 2025-09-16
- Lighthouse Global Equity FundLighthouse · International Equities"Animal testing for non-medicinal products"Also excludes: Alcohol · Tobacco · Fossil fuels · Gambling · Adult1.03% annualSIPO 2026-03-27
- Pella Global Generations PIE FundPella · International Equities"Animal cruelty – cosmetic testing, crowd entertainment, intensive animal husbandry (0% revenue threshold)"Also excludes: Fossil fuels · Gambling · GMO · Adult · Tobacco · Nuclear0.85% annualSIPO 2025-03-26
- Stewart Investors Worldwide Leaders FundStewart Investors · International Equities"Companies involved in animal testing during production of consumer/medical/chemical/household products except where testing meets ethical standards, is regulatory-required, or no alternative methods e…"Also excludes: Fossil fuels · Nuclear · Alcohol · Tobacco · Gambling · Adult · Weapons0.61% annualSIPO 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.