Vanguard Ethically Conscious International Shares Index Fund - NZD Hedged

Product Name

Vanguard Ethically Conscious International Shares Index Fund - NZD Hedged

Issuer

Vanguard

Category

Investment

Type

Fund or Trust

Target

Wholesale

Certified Since

2018

Asset Classes

International equities

Markets

New Zealand

Investment Approaches

Negative Screening, Negative Screening

It Includes:

  • No inclusions5 No inclusions

It fully excludes:

  • Riaa icons 41 Alcohol
  • Riaa icons 36 Armaments
  • Riaa icons 33 Fossil fuels
  • Riaa icons 42 Gambling
  • Riaa icons 50 Nuclear power
  • Riaa icons 99 Pornography
  • Riaa icons 35 Tobacco
  • No exclusions4 No exclusions

Overview

The Fund seeks to track the return of the FTSE Developed ex Australia, ex Non-renewable Energy, Vice Products and Weapons Index hedged into New Zealand dollars before taking into account fees, expenses and tax.


Description


The Fund is exposed to all of the securities in the index most of the time, allowing for individual security weightings to vary marginally from the index from time to time. The Fund may be exposed to securities that have been removed from or are expected to be included in the index. The Fund may also invest in forward foreign exchange contracts and futures. 

The FTSE Developed ex-Australia ex-Non-renewable Energy, Vice Products and Weapons Index hedged into NZD Index comprises securities (shares) listed on the exchanges of the world’s major developed economies. The index excludes companies with significant business activities involving fossil fuels, alcohol, tobacco, gambling, military weapons and civilian firearms, nuclear power and adult entertainment.  Details of the benchmark methodology can be accessed by visiting www.ftse.com/products/indices/global-choice.

Exclusion notes:

Nuclear Power:
- Companies that are involved in the production of nuclear power.  This includes companies generating power from a process of sustained nuclear fission or fusion within a controlled environment, or that are providing goods, products & services including components, specialist materials, bespoke manufacturing and maintenance processes, design and operational support capabilities that enable the generation of nuclear power;
- Companies that are involved in uranium mining.  This includes companies that provide goods, products & services derived from the ownership of uranium and uranium extraction rights, or that provide products/services for the processing and management of uranium and uranium ore based raw materials.

Fossil Fuels:
- Companies with revenues arising from Bituminous Coal and Lignite Surface Mining (SIC code: 1221), Bituminous Coal Underground Mining (SIC code: 1222), Anthracite Mining (SIC code: 1231), based on the companies’ most recent published Annual Report and Accounts; or have proved & probable reserves in coal based on the companies’ most recent published Annual Report and Accounts;
- Companies with revenues arising from Crude Petroleum and Natural Gas (SIC code: 1311) and Natural Gas Liquids (SIC code: 1321) based on the companies’ most recent published Annual Report and Accounts; or have proved & probable reserves in  oil or gas based on the companies’ most recent published Annual Report and Accounts.

Adult Entertainment:
- Companies that produce adult entertainment.  This includes movies, print publications, online content, live entertainment

Alcohol:
- Companies that produce alcoholic beverages.  This includes all companies that are classified in the Industry Classification Benchmark (ICB) Subsectors Brewers (3533) and Distillers & Vintners (3535); and companies that are not classified in ICB Subsectors Brewers (3533) and Distillers & Vintners (3535), but that are identified as having activity in these Subsectors.

Gambling:
- Companies that provide gambling services.  This includes all companies that are classified in the Industry Classification Benchmark (ICB) Subsector Gambling (5752); and companies that are not classified in ICB Subsector Gambling (5752), but that are identified as having activity in this Subsector.

Tobacco:
- Companies that produce tobacco products.  This includes all companies that are classified in the Industry Classification Benchmark (ICB) Subsectors Tobacco (3785); and companies that are not classified in ICB Subsector Tobacco (3785), but that are identified as having activity in this Subsector.

Military Weapons:
- Companies that produce chemical or biological weapons or that produce specific or critical parts or services for chemical or biological weapons;
- Companies that produce cluster munitions or that produce specific or critical parts or services for cluster munitions;
- Companies that produce anti-personnel mines or that produce specific or critical parts or services for anti-personnel mines;
- Companies that produce nuclear weapons systems or that produce specific or critical parts or services for nuclear weapons systems;
- Companies that produce other weapons and personnel for military use. This includes munitions, vehicles designed to carry military weapons (mounted or demountable), weapons delivery systems (including mounting and launching systems as well as targeting and guidance systems), and private military companies.

Civilian Firearms:
- Companies that produce firearms or ammunition for non-military use.  This includes handguns,  shotguns, rifles, and semi-automatic weapons.

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