Funds

Westpac Corporate Bond Fund

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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

  • Fossil Fuels

    • Genesis Energy Ltd 1.05%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 30th Sept. 2023 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 Corporate Bond Fund aims to provide capital growth over the short to medium term by investing primarily in a range of New Zealand fixed interest assets issued by corporate entities.

Value $12.9M NZD
Period of data report 31st Dec. 2023
Fund started 10th June 2008
Total annual fund fees 0.61%
Total performance based fees 0.0%
Manager's basic fee 0.51%
Other management and administration charges 0.1%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Nigel Jackson

Currently: Chief Executive Officer – BT Funds Management (NZ) Limited (1 years, 2 months)
Previously: Head of Investments (1 years, 6 months)

Philip Houghton-Brown

Currently: Head of Investment Solutions (3 years, 0 months)
Previously: Chief Investment Officer / Head of Investments, Mercer (8 years, 2 months)

Francois Richeboeuf

Currently: Senior Manager (12 years, 11 months)
Previously: Acting Head of Investment Solutions (0 years, 8 months)

Stephen Hong

Currently: Senior Portfolio Manager (11 years, 0 months)
Previously: Portfolio Manager, AXA Global Investors (5 years, 9 months)

Nicola Fueng Tzi Tan

Currently: Senior Credit Analyst- Cash Portfolio Manager (0 years, 4 months)
Previously: Senior Credit Analyst, Bank of China NZ Ltd (0 years, 8 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2023.

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
2023 -0.79% 0.43%
2022 -2.46% -3.36%
2021 2.15% 1.84%
2020 1.75% 2.0%
2019 2.76% 3.07%
2018 1.94% 2.73%
2017 1.52% 1.82%
2016 2.91% 3.74%
2015 5.21% 4.84%
2014 1.36% 1.75%

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 fund has filed with Disclose register to 31st Dec. 2023.

Top 10 Investments

  • Housing NZ 2.183% 24/04/2030
    New Zealand NZ Fixed Interest AAA
    2.38%
  • Westpac 2.22% 29/07/2024
    New Zealand NZ Fixed Interest AA-
    2.14%
  • Housing NZ 1.534% 10/09/2035
    New Zealand NZ Fixed Interest AAA
    2.1%
  • Housing NZ 3.42% 18/10/2028
    New Zealand NZ Fixed Interest AAA
    2.04%
  • Kbn 1.25% 02/07/2030
    New Zealand NZ Fixed Interest AAA
    1.93%
  • ASB Bank 5.928% 16/11/2026
    New Zealand NZ Fixed Interest AA-
    1.85%
  • Westpac 2.083% 20/02/2025
    New Zealand NZ Fixed Interest AA-
    1.83%
  • BNZ 5.536% 25/05/2028
    New Zealand NZ Fixed Interest AA-
    1.81%
  • Housing NZ 2.247% 05/10/2026
    New Zealand NZ Fixed Interest AAA
    1.77%
  • Westpac 3.696% 16/02/2027
    New Zealand NZ Fixed Interest AA-
    1.7%
Type Target Actual
Cash and Cash Equivalents 0.0% 2.4%
New Zealand Fixed Interest 100.0% 97.6%
International Fixed Interest 0.0% 0.0%
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 fund has filed with Disclose register to 31st Dec. 2023.