NZ managed funds excluding tobacco

Funds whose SIPO excludes tobacco companies — typically production, manufacturing, and (in some funds) nicotine-alternative companies. Revenue thresholds vary (>5%, >10%, or "any involvement"); each fund's exact threshold is on the per-fund page.

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

ACI Conservative Fund

ACI · Diversified

"Tobacco"

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

1.50% annual

SIPO 2025-11-26
ACI Growth Fund

ACI · Diversified

"Tobacco"

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

1.61% annual

SIPO 2025-11-26
AMP Aggressive Managed Fund

AMP · Diversified

"Tobacco producers and distributors >5% revenue"

Also excludes: Weapons · Fossil fuels · Nuclear · Russian

0.80% annual

SIPO 2025-05-29
AMP Balanced Managed Fund

AMP · Diversified

"Tobacco producers and distributors >5% revenue"

Also excludes: Weapons · Fossil fuels · Nuclear · Russian

0.81% annual

SIPO 2025-05-29
AMP Growth Managed Fund

AMP · Diversified

"Tobacco producers and distributors >5% revenue"

Also excludes: Weapons · Fossil fuels · Nuclear · Russian

0.81% annual

SIPO 2025-05-29
AMP International Shares Managed Fund

AMP · International Equities

"Tobacco producers and distributors >5% revenue"

Also excludes: Weapons · Fossil fuels · Nuclear · Russian

0.79% annual

SIPO 2025-05-29
Artesian Green and Sustainable Bond Fund (NZD)

Artesian · International FI

"Tobacco production"

Also excludes: Alcohol · Adult · Fossil fuels

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

Artesian · International FI

"Tobacco production"

Also excludes: Alcohol · Adult · Fossil fuels

SIPO 2026-04-02
Bentham Global Income PIE Fund

Bentham · International FI

"Tobacco manufacturers/producers (any revenue from manufacture and/or production of tobacco products)"

Also excludes: Weapons

0.83% annual

SIPO 2026-03-26
Bentham Global Opportunities PIE Fund

Bentham · International FI

"Tobacco manufacturers/producers (any revenue from manufacture and/or production of tobacco products)"

Also excludes: Weapons

SIPO 2026-03-26
BetaShares Australian Sustainability Leaders Fund

BetaShares · Australasian Equities

"Tobacco – production or manufacture (0%); sale >5%"

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

0.67% annual

SIPO 2026-03-30
BetaShares Global Sustainability Leaders Fund

BetaShares · International Equities

"Tobacco – production or manufacture (0%); sale >5%"

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

0.77% annual

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

BetaShares · International Equities

"Tobacco – production or manufacture (0%); sale >5%"

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

0.79% annual

SIPO 2026-03-30
BetaShares NZ Sustainability Leaders Fund

BetaShares · Australasian Equities

"Tobacco – production or manufacture (0%); sale >5%"

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

0.59% annual

SIPO 2026-03-30
Booster Socially Responsible Balanced Fund

Booster · Diversified

"Tobacco production, distribution, supply and retailing"

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

1.33% annual

SIPO 2026-03-30
Booster Socially Responsible Growth Fund

Booster · Diversified

"Tobacco production, distribution, supply and retailing"

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

1.34% annual

SIPO 2026-03-30
Booster Socially Responsible High Growth Fund

Booster · Diversified

"Tobacco production, distribution, supply and retailing"

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

1.35% annual

SIPO 2026-03-30
Booster Wealth Geared Growth Fund

Booster · Diversified

"Tobacco production, distribution, supply and retailing"

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

1.35% annual

SIPO 2026-03-30
Daintree Core Income PIE

Daintree · International FI

"The manufacture of tobacco products"

Also excludes: Weapons · Alcohol · Gambling · Fossil fuels

0.73% annual

SIPO 2026-04-01
Daintree High Income PIE

Daintree · International FI

"The manufacture of tobacco products"

Also excludes: Weapons · Alcohol · Gambling · Fossil fuels

0.90% annual

SIPO 2026-04-01
Dimensional Australian Sustainability PIE Fund

Dimensional · Australasian Equities

"Tobacco (production of tobacco/nicotine products or >10% revenue from distribution/retail)"

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

0.35% annual

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

Dimensional · International FI

"Tobacco (production of tobacco/nicotine products or >10% revenue from distribution/retail)"

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

0.32% annual

SIPO 2025-09-29
Dimensional Global Sustainability PIE Fund

Dimensional · International Equities

"Tobacco (production of tobacco/nicotine products or >10% revenue from distribution/retail)"

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

0.40% annual

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

Dimensional · International Equities

"Tobacco (production of tobacco/nicotine products or >10% revenue from distribution/retail)"

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

0.40% annual

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

Dimensional · International FI

"Tobacco (production of tobacco/nicotine products or >10% revenue from distribution/retail)"

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

0.25% annual

SIPO 2025-09-29
Evidential Sustainable Global Bond Fund

Evidential · International FI

"Tobacco (production of tobacco/nicotine products or greater than 10% revenue from distribution/retail)"

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

0.32% annual

SIPO 2025-11-18
Evidential Sustainable Targeted Factor Fund

Evidential · International Equities

"Tobacco (production of tobacco/nicotine products or greater than 10% revenue from distribution/retail)"

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

0.62% annual

SIPO 2025-11-18
First Sentier Global Listed Infrastructure Fund

First Sentier · Other

"Entities deriving any gross revenue directly from the manufacture of Tobacco Products (traditional cigarettes, cigars, chewing tobacco, vaping and e-cigarette products)"

Also excludes: Weapons

1.03% annual

SIPO 2026-03-29
Foundation Series Balanced Fund

Foundation Series · Diversified

"Tobacco manufacturers and high-revenue wholesalers/retailers (Australasian Equities)"

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

0.36% annual

SIPO 2026-01-29
Foundation Series Global ESG Fund

Foundation Series · International Equities

"Tobacco manufacturers/distributors/retailers (International Equities)"

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

0.10% annual

SIPO 2026-01-29
Foundation Series Growth Fund

Foundation Series · Diversified

"Tobacco manufacturers and high-revenue wholesalers/retailers (Australasian Equities)"

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

0.38% annual

SIPO 2026-01-29
Foundation Series High Growth Fund

Foundation Series · Diversified

"Tobacco manufacturers and high-revenue wholesalers/retailers (Australasian Equities)"

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

0.37% annual

SIPO 2026-01-29
Generate Focused Growth Managed Fund

Generate · Diversified

"Manufacture of tobacco"

Also excludes: Weapons

1.35% annual

SIPO 2025-11-25
Hunter Global Fixed Interest Fund

Hunter · International FI

"Tobacco companies"

Also excludes: Weapons · Gambling · Fossil fuels

0.53% annual

SIPO 2025-08-27
Kernel World ex-US Fund

Kernel · International Equities

"Tobacco"

Also excludes: Weapons

0.25% annual

SIPO 2025-09-16
Lighthouse Global Equity Fund

Lighthouse · International Equities

"Tobacco"

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

1.03% annual

SIPO 2026-03-27
Mercer All Country Global Shares Index Fund

Mercer · International Equities

"Tobacco (excluded via benchmark index: MSCI All Country World ex Tobacco Index)"

Also excludes: Weapons · Russian

0.43% annual

SIPO 2026-03-22
Mercer Core Global Shares Fund

Mercer · International Equities

"Tobacco"

Also excludes: Weapons · Russian

1.24% annual

SIPO 2026-03-22
Mercer Core Hedged Global Shares Fund

Mercer · International Equities

"Tobacco"

Also excludes: Weapons · Russian

1.46% annual

SIPO 2026-03-22
Mercer Global Listed Infrastructure Fund

Mercer · Other

"Tobacco"

Also excludes: Weapons · Russian

1.34% annual

SIPO 2026-03-22
Mercer Global Listed Real Estate Fund

Mercer · Listed Property

"Tobacco"

Also excludes: Weapons · Russian

1.33% annual

SIPO 2026-03-22
Mercer Global Shares Fund

Mercer · International Equities

"Tobacco"

Also excludes: Weapons · Russian

1.25% annual

SIPO 2026-03-22
Mercer Income Generator Fund

Mercer · Diversified

"Tobacco"

Also excludes: Weapons · Russian

1.28% annual

SIPO 2026-03-22
Mercer NZ Shares Passive Fund

Mercer · Australasian Equities

"Tobacco"

Also excludes: Weapons · Russian

0.36% annual

SIPO 2026-03-22
Mercer Responsible Balanced Fund

Mercer · Diversified

"Tobacco (production, nicotine alternatives, tobacco-based products; >50% revenue from tobacco distribution/wholesale/retail/services)"

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

1.25% annual

SIPO 2026-03-22
Mercer Responsible Global Shares Fund

Mercer · International Equities

"Tobacco"

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

1.69% annual

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

Mercer · International FI

"Tobacco"

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

0.43% annual

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

Mercer · Australasian Equities

"Tobacco"

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

1.06% annual

SIPO 2026-03-22
Pella Global Generations PIE Fund

Pella · International Equities

"Tobacco and nicotine alternative products (0% revenue threshold, including companies with >10% ownership in such companies)"

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

0.85% annual

SIPO 2025-03-26
Plato Global Alpha PIE Fund

Plato · International Equities

"Companies classified in the Tobacco sector (as defined by GICS)"

Also excludes: Fossil fuels

SIPO 2026-05-07
Russell Investments Global Fixed Interest Fund

Russell Investments · International FI

"Tobacco Manufacturers (corporate debt holdings only)"

Also excludes: Weapons · Fossil fuels

0.58% annual

SIPO 2026-04-01
Russell Investments Global Shares Fund

Russell Investments · International Equities

"Tobacco Manufacturers"

Also excludes: Weapons

0.93% annual

SIPO 2026-04-01
Russell Investments Hedged Global Shares Fund

Russell Investments · International Equities

"Tobacco Manufacturers"

Also excludes: Weapons

0.92% annual

SIPO 2026-04-01
Russell Investments Hedged Sustainable Global Shares Fund

Russell Investments · International Equities

"Tobacco Manufacturers"

Also excludes: Weapons · Nuclear · Fossil fuels

0.33% annual

SIPO 2026-04-01
Russell Investments Sustainable Global Shares Fund

Russell Investments · International Equities

"Tobacco Manufacturers"

Also excludes: Weapons · Nuclear · Fossil fuels

0.33% annual

SIPO 2026-04-01
SBS Wealth Growth Strategy

SBS Wealth · Diversified

"Production of tobacco, tobacco-based products, and nicotine alternatives"

Also excludes: Weapons · Adult

1.17% annual

SIPO 2025-10-28
Schroder Sustainable Global Core PIE Fund

Schroders · International Equities

"Tobacco, nicotine alternatives and tobacco-based products (production) — more than 10% of gross revenue"

Also excludes: Weapons · Fossil fuels

0.39% annual

SIPO 2026-03-26
Schroder Sustainable Global Core PIE Fund (Hedged)

Schroders · International Equities

"Tobacco, nicotine alternatives and tobacco-based products (production) — more than 10% of gross revenue"

Also excludes: Weapons · Fossil fuels

0.39% annual

SIPO 2026-03-26
Smart Emerging Markets ESG ETF

Smartshares · International Equities

"Companies with exposure to Tobacco"

Also excludes: Weapons · Fossil fuels

0.59% annual

SIPO 2026-04-16
Smart Europe ESG ETF

Smartshares · International Equities

"Companies with exposure to Tobacco"

Also excludes: Weapons · Fossil fuels

0.55% annual

SIPO 2026-04-16
Smart Global Bond ETF

Smartshares · International FI

"Financial products issued by entities where any part of revenue and/or activities involve tobacco"

Also excludes: Weapons · Fossil fuels

0.54% annual

SIPO 2026-04-16
Smart Japan ESG ETF

Smartshares · International Equities

"Companies with exposure to Tobacco"

Also excludes: Weapons · Fossil fuels

0.55% annual

SIPO 2026-04-16
Smart US ESG ETF

Smartshares · International Equities

"Companies with exposure to Tobacco"

Also excludes: Weapons · Fossil fuels

0.34% annual

SIPO 2026-04-16
Stewart Investors Worldwide Leaders Fund

Stewart Investors · International Equities

"Companies involved in the production of Tobacco Products — 0% revenue threshold; wholesaling/distribution/dedicated services to tobacco producers — 5% threshold"

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

0.61% annual

SIPO 2026-03-30
Summer Australian Equities

Summer · Australasian Equities

"Companies deriving ≥5% revenue from tobacco product production"

Also excludes: Weapons

1.02% annual

SIPO 2026-05-13
Summer Balanced Selection

Summer · Diversified

"Companies deriving ≥5% revenue from tobacco product production"

Also excludes: Weapons

1.02% annual

SIPO 2026-05-13
Summer Conservative Selection

Summer · Diversified

"Companies deriving ≥5% revenue from tobacco product production"

Also excludes: Weapons

0.87% annual

SIPO 2026-05-13
Summer Global Equities

Summer · International Equities

"Companies deriving ≥5% revenue from tobacco product production"

Also excludes: Weapons

1.02% annual

SIPO 2026-05-13
Summer Global Fixed Interest

Summer · International FI

"Companies deriving ≥5% revenue from tobacco product production"

Also excludes: Weapons

0.87% annual

SIPO 2026-05-13
Summer Growth Selection

Summer · Diversified

"Companies deriving ≥5% revenue from tobacco product production"

Also excludes: Weapons

1.02% annual

SIPO 2026-05-13
Summer Listed Property

Summer · Listed Property

"Companies deriving ≥5% revenue from tobacco product production"

Also excludes: Weapons

1.02% annual

SIPO 2026-05-13
Summer New Zealand Cash

Summer · Cash

"Companies deriving ≥5% revenue from tobacco product production"

Also excludes: Weapons

0.62% annual

SIPO 2026-05-13
Te Ahumairangi Global Equity Fund

Te Ahumairangi · International Equities

"Certain tobacco-based products"

Also excludes: Weapons · Alcohol · Gambling · Fossil fuels

0.62% annual

SIPO 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.