QuayStreet International Equity Fund

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Type: Aggressive fund
Past Returns: 10.07%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 1.17%

Annual fees, including management and administration fees, but not membership fee.

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.


Fossil Fuel

Atmos Energy Corp 0.02%
Bharat Petroleum Ltd 0.02%
Chevron Corp 0.27%
Coca-Cola 0.28%
Conocophillips 0.11%
Devon Energy Corp 0.02%
Diamondback Energy Inc 0.02%
Dominion Energy Inc 0.08%
Eog Resources Inc 0.07%
Exxon Mobil Corp 0.34%
Gail India Ltd 0.01%
Hess Corp 0.03%
Kinder Morgan Inc 0.05%
Loews Corp 0.02%
Lyondellbasell Industries Nv Class 0.04%
Marathon Oil Corp 0.01%
Marathon Petroleum Corp 0.05%
Occidental Petroleum Corp 0.03%
Oneok Inc 0.03%
Pioneer Natural Resource 0.04%
Public Service Enterprise Group In 0.04%
Reliance Industries Ltd 0.24%
Valero Energy Corp 0.04%
Vedanta Ltd 0.01%
Williams Inc 0.04%

Weapons

Amphenol Corp Class A 0.05%
Boeing 0.18%
General Dynamics Corp 0.06%
Honeywell International Inc 0.20%
Howmet Aerospace Inc 0.02%
Jacobs Engineering Group Inc 0.02%
L3Harris Technologies Inc 0.06%
Larsen and Toubro Ltd 0.04%
Leidos Holdings Inc 0.02%
Lockheed Martin Corp 0.13%
Northrop Grumman Corp 0.08%
Raytheon Technologies Corp 0.17%
Teledyne Technologies Inc 0.02%
Textron Inc 0.02%
Transdigm Group Inc 0.05%

Tobacco

Altria Group Inc 0.12%
Philip Morris International Inc 0.20%

Gambling

Caesars Entertainment Inc 0.03%
Las Vegas Sands Corp 0.02%
Mgm Resorts International 0.02%
Penn National Gaming Inc 0.01%
Wynn Resorts Ltd 0.02%

Adult Entertainment/Pornography

Caesars Entertainment Inc 0.03%
Mgm Resorts International 0.02%

Alcohol

Brown Forman Corp Class B 0.02%
Constellation Brands Inc Class A 0.05%
LVMH Moet Hennessy 0.34%
Molson Coors Brewing Class B 0.01%

GMOs

Corteva Inc 0.04%

Human Rights & Environmental Violations

Adani Ports and Special Economic Z 0.02%
Archer Daniels Midland 0.05%
Archer-Daniels-Midland Co 0.63%
Chevron Corp 0.27%
Duke Energy Corp 0.10%
Freeport Mcmoran Inc 0.08%
Johnson & Johnson 0.56%
Motorola Solutions Inc 0.05%
Nestle 0.54%
Nestle India Ltd 0.02%
Sempra Energy 0.06%
Vedanta Ltd 0.01%

Animal Testing

Albemarle Corp 0.020%
Altria Group Inc 0.120%
Archer Daniels Midland 0.050%
Archer-Daniels-Midland Co 0.630%
Celanese Corp 0.020%
Chevron Corp 0.270%
Church and Dwight Inc 0.030%
Clorox 0.030%
Coca-Cola 0.280%
Corteva Inc 0.040%
Dow Inc 0.070%
Dupont De Nemours Inc 0.060%
Eastman Chemical 0.020%
Ecolab Inc 0.070%
Estee Lauder Inc Class A 0.090%
Fmc Corp 0.020%
General Mills Inc 0.050%
Hindustan Unilever Ltd 0.080%
Honeywell International Inc 0.200%
Hp Inc 0.050%
Ingersoll Rand Inc 0.020%
International Flavors & Fragrances 0.050%
Itc Ltd 0.030%
Johnson & Johnson 0.570%
Kellogg 0.020%
Kimberly Clark Corp 0.060%
Kraft Heinz 0.040%
L Brands Inc 0.020%
LVMH Moet Hennessy 0.340%
Linde PLC 0.200%
Lyondellbasell Industries Nv Class 0.040%
Marico Ltd 0.010%
Mondelez International Inc Class A 0.120%
Mosaic 0.010%
Nestle 0.540%
Nestle India Ltd 0.030%
Nutrien 0.780%
PPG Industries Inc 0.060%
Pepsico Inc 0.270%
Philip Morris International Inc 0.200%
Procter & Gamble 0.430%
Reliance Industries Ltd 0.250%
Sherwin Williams 0.090%
Tapestry Inc 0.010%
Unilever Plv (Gb) 0.240%
Upl Ltd 0.020%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed March 31st 2021 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.

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.

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
2021 35.08% 20.74%
2020 -6.18% 3.17%
2019 9.46% 6.31%
2018 6.55% 6.91%
2017 10.40% 9.59%
2016 4.51% 2.9%
2015 15.30% 13.37%
2014 10.31% 4.29%
2013 13.23% 14.53%
2012 -5.15% -5.92%

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 Wed March 31st 2021.

Showing the top 10 investments for this fund:

  • Ishares Core S&P 500 ETF
    United States International Equities
    47.08%
  • Msci Eafe Incl Canada Trs
    New Zealand International Equities
    29.32%
  • Cash ANZNZ (NZD)
    New Zealand Cash and Equivalents AA-
    19.57%
  • Cash Citibank (USD)
    New Zealand Cash and Equivalents BBB+
    7.97%
  • Spdr Gold Shares Fund
    United States International Equities
    3.29%
  • Ishares Msci India ETF
    India International Equities
    2.6%
  • Cash Citi Margin (USD)
    New Zealand Cash and Equivalents BBB+
    1.55%
  • Cash Db Margin (USD)
    Germany Cash and Equivalents BBB+
    1.12%
  • Deere & Co
    United States International Equities
    1.11%
  • Cash Citibank (Gbp)
    New Zealand Cash and Equivalents BBB+
    0.85%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed March 31st 2021.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 3.52%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 100.0% 96.48%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed March 31st 2021.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.05%
  • Alcohol:
    0.43%
  • Animal Testing:
    6.68%
  • Fossil Fuels:
    1.99%
  • Gambling:
    0.11%
  • GMOs:
    0.04%
  • Human Rights & Environmental Violations:
    2.40%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.32%
  • Weapons:
    1.13%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed March 31st 2021 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.

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

Note that many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"The QuayStreet International Equity Fund invests in a portfolio of shares from the international market diversifying investors away from the New Zealand dollar. The investment objective is to provide a level of return over the long term above the Fund’s benchmark."

Value $13M NZD
Period of data report Wed March 31st 2021
Members 558
Fund started Mon Nov. 16th 2009
Total annual fund fees 1.17%
Total performance based fees 0.0%
Manager's basic fee 1.04%
Other management and administration charges 0.13%
Total other charges 34.57
Total other charges currency NZD

Key Personnel

James Ring

Currently: Investment Manager International Equities (6 years, 9 months)
Previously: Investment Manager Rank Group Limited (1 years, 0 months)

Andrew South

Currently: Investment Manager Australasian Equities (6 years, 9 months)
Previously: Chief Investment Officer Brook Asset Management Limited (4 years, 1 months)

Roy Cross

Currently: Senior Analyst (6 years, 9 months)
Previously: Senior Analyst Brook Asset Management Limited (8 years, 7 months)

Stefan Stevanovic

Currently: Senior Analyst (6 years, 9 months)
Previously: Research Analyst Brook Asset Management Limited (6 years, 7 months)

Xavier Waterstone

Currently: Senior Analyst (2 years, 7 months)
Previously: Senior Analyst Diogenes Research Pty Limited (1 years, 6 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed March 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.