NEST Pensions Higher Risk Fund

Did anyone manage to find what the NEST High Risk Fund actually invested in?

The NEST High Risk Fund (2014 was the most up to date I could find?)
https://www.nestpensions.org.uk/schemeweb/NestWeb/includes/public/docs/NEST-higher-risk-fund-factsheet-dec-2014.pdf

Lists the underlying funds as:

UBS Life World Equity Tracker Fund
BlackRock Aquila Connect Market
Advantage Fund
LGIM Hybrid Property Fund
HSBC GIF Economic Scale
Index GEM Equity Fund
Northern Trust Emerging Markets
Custom ESG Equity Index Fund

The Sharia Fund
https://www.nestpensions.org.uk/schemeweb/NestWeb/includes/public/docs/NEST-sharia-fund-factsheet-june-2014,PDF.pdf

says it is invested in HSBC Life Amanah Pension Fund

From the factsheet
The NEST Sharia Fund invests in the HSBC Life Amanah Pension
Fund. The HSBC fund mirrors the Dow Jones Islamic Titans 100
index, a stock market index that is made up of the top 100
Sharia-compliant global stocks by size.
The Dow Jones Islamic market indices are overseen by an
independent international panel of prominent Islamic scholars.
HSBC has its own panel of scholars who periodically review the
portfolio to ensure that the fund matches sharia principles.
In practice, the fund will avoid companies involved in alcoholic
beverages, tobacco, financial services, pornography, weapons,
pork, gambling, and leisure/media. The NEST Sharia Fund also
avoids companies that earn or pay a large amount of interest.

Comparing the Top 10 Holdings:

NEST HIGH RISK FUND
Top 10 biggest shareholdings
Shares make up 72.2 per cent of this fund. The weights shown below represent the proportion of these holdings within this allocation

1 APPLE 1.8%
2 EXXON MOBIL 1.1%
3 MICROSOFT 1.0%
4 GOOGLE 0.8%
5 JOHNSON & JOHNSON 0.8%
6 WELLS FARGO 0.8%
7 BERKSHIRE HATHAWAY 0.8%
8 GENERAL ELECTRIC 0.7%
9 PROCTER & GAMBLE 0.7%
10 JPMORGAN CHASE 0.7%

SHARIA FUND
Top 10 biggest shareholdings
Shares make up 100 per cent of this fund. This table shows the proportion of these holdings within this allocation

1 APPLE 6.2%
2 EXXON MOBIL 4.8%
3 GOOGLE 3.7%
4 MICROSOFT 3.5%
5 JOHNSON & JOHNSON 3.3%
6 CHEVRON 2.8%
7 NOVARTIS 2.4%
8 PROCTER & GAMBLE 2.4%
9 ROCHE HOLDING 2.4%
10 PFIZER

Note that these fact sheets are out of date (2014), so might not include all the FAANGs

jamesd wrote: »

They can change the mixture as they want so in general better to sidestep the issue elsewhere.

How side step?
Quite a lot of people have no other options than one NEST option offered by their employer if they want to receive employer contributions

jamesd wrote: »

Right, and they should do that. But any extra above what the employer will match can go somewhere else.

Agree, but in the meantime, it would be nice to try to work out WTH Nest is investing these many thousands of members money actually in!