Funds
Summer KiwiSaver Global Fixed Interest
Issues of concern
The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.
Key:
- Human Rights Violations
- Environmental Harm
- Animal Cruelty
- Weapons
- Fossil Fuels
- Social Harm
Companies of concern
Human Rights Violations
-
Wells Fargo 0.84%
Business Ethics
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
-
Ubs 0.82%
Business Ethics
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
UBS Business Ethics
Acquired Credit Suisse in 2023, a bank with very poor governance which aided clients with tax evasion and money laundering. As a result, UBS has inherited ongoing regulatory fines and lawsuits relating to these failures. UBS has also been subject to lawsuits relating to its own manipulation of foreign exchange and interbank rates. It holds a provision of USD $4bn for claims (which may not be sufficient).
-
Wells Fargo 0.84%
Environmental Harm
-
Bayer 0.03%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
GMOs
Where companies are involved in the development or release of GMO plants and seeds.
Highly Hazardous Pesticides
Where companies are involved in the production or distribution of highly hazardous pesticides, according to the PAN International List of Highly Hazardous Pesticides.
-
Bayer 0.03%
Animal Cruelty
-
Bayer 0.03%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
GMOs
Where companies are involved in the development or release of GMO plants and seeds.
Highly Hazardous Pesticides
Where companies are involved in the production or distribution of highly hazardous pesticides, according to the PAN International List of Highly Hazardous Pesticides.
-
Bayer 0.03%
Fossil Fuels
-
National Grid PLC 0.15%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
NATIONAL GRID PLC Fossil Fuel Production
Operates electric and natural gas transmission systems in the UK and US. It also operates facilities for storing LNG. including the Grain LNG terminal in the UK which is the largest LNG facility in Europe and 8th globally.
-
Oneok, Inc. 0.13%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Cassa Depositi E Prestiti Spa 0.08%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Fairfax Financial Holdings Ltd. 0.04%
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
-
National Grid PLC 0.15%
This data is compiled by Mindful Money from the fund information and portfolios
that each KiwiSaver fund has
filed with the Disclose register to 30th Sept. 2024 and Mindful Money
analysis of funds within those portfolios. The list of companies of concern has
been drawn from ratings agencies and public sources, including the Norwegian
Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.
Please note that companies may breach more than one of these areas of
concern.
The listing of companies of concern is based on definitions used in Mindful Money's
methodology. These definitions may
be different from the exclusions policy and definitions applied by the fund provider.
Mindful Money uses the term Mindful Funds as our standard
for ethical investment and responsible investment. This does not imply that
other funds are unethical or that the fund providers that do not meet these
standards are unethical providers.
About this fund
In their own words
The fund invests in international fixed interest assets. We aim to achieve long-term returns (before fees, taxes and other expenses) greater than the Bloomberg Global Aggregate Total Return Index (hedged to New Zealand dollars).
| Value | $1.25M NZD |
| Period of data report | 30th Sept. 2024 |
| Members | 111 |
| Fund started | 19th Sept. 2016 |
| Total annual fund fees | 0.75% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.4% |
| Other management and administration charges | 0.35% |
| Total other charges | 36.0 |
| Total other charges currency | NZD |
Key Personnel
|
Paul Robertshawe |
Currently: Chief Investment Officer, Octagon Asset Management Limited (2 years, 10 months) |
|
Craig Alexander |
Currently: Head of Fixed Interest and ESG, Octagon Asset Management Limited (2 years, 10 months) |
|
Jason Lindsay |
Currently: Head of Equities, Octagon Asset Management Limited (2 years, 10 months) |
|
Neil Paviour-Smith |
Currently: Director, Forsyth Barr Investment Management Limited (16 years, 7 months) |
|
Christine Smith-Han |
Currently: Equity and Strategy Analyst, Octagon Asset Management Limited (2 years, 10 months) |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2024.
Past Returns
Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.
| Year | Market Average | Fund Annual Return |
|---|---|---|
| 2024 | 3.40% | 3.36% |
| 2023 | -0.13% | -3.16% |
| 2022 | -1.68% | -3.04% |
| 2021 | 1.56% | 3.89% |
| 2020 | 1.64% | 2.21% |
| 2019 | 2.37% | 2.63% |
| 2018 | 2.05% | 1.9% |
The market average is the average return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2024.
Top 10 Investments
-
Hunter Global Fixed Interest Fund
New Zealand Int Fixed Interest95.11% -
ANZ Transactional Bank Account
New Zealand Cash and Equivalents AA-4.89%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 4.89% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 95.0% | 95.11% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2024.