Westpac International Diversified Bond Fund

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Fund type: Defensive fund

Past Returns: 0.86%

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

Annual Fees: 0.6%

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

Israel Electric Corp. Ltd. 6.875% 21-Jun-2023 0.24%
Sempra Energy 3.3% 01-Apr-2025 0.20%
Public Service Enterprise Group Incorporated 0.841% 08-Nov-2023 0.12%
Consolidated Edison Company Of New York, Inc. 2.4% 15-Jun-2031 0.11%
National Grid PLC 0.25% 01-Sep-2028 0.11%
Southern Company 3.25% 01-Jul-2026 0.08%
Anglo American Capital PLC 4.75% 21-Sep-2032 0.07%
Xcel Energy Inc. 4.0% 15-Jun-2028 0.07%
Anglo American Capital PLC 4.0% 11-Sep-2027 0.06%
South32 Treasury Ltd. 4.35% 14-Apr-2032 0.06%
Anglo American Capital PLC 4.75% 10-Apr-2027 0.05%
Enel Finance International Nv 0.5% 17-Jun-2030 0.05%
National Grid PLC 2.949% 30-Mar-2030 0.04%
Anglo American Capital PLC 2.875% 17-Mar-2031 0.03%
Enel Finance International Nv 2.25% 12-Jul-2031 0.03%
Public Service Enterprise Group Incorporated 2.45% 15-Nov-2031 0.03%
Anglo American Capital PLC 4.5% 15-Mar-2028 0.02%
Galaxy Pipeline Assets Bidco Ltd. 2.94% 30-Sep-2040 0.02%
National Grid Gas PLC 1.125% 14-Jan-2033 0.02%

Weapons

Walmart Inc. 1.8% 22-Sep-2031 0.01%

Gambling

Vici Properties Lp 4.95% 15-Feb-2030 0.07%
Vici Properties Lp 5.125% 15-May-2032 0.05%
Vici Properties Lp 5.625% 15-May-2052 0.05%

Alcohol

Anheuser-Busch Inbev Worldwide, Inc. 4.0% 13-Apr-2028 0.10%
Anheuser-Busch Inbev Worldwide, Inc. 3.5% 01-Jun-2030 0.09%
Anheuser-Busch Inbev SA/Nv 3.7% 02-Apr-2040 0.05%

Human Rights & Environmental Violations

Credit Suisse Group AG 1.25% 17-Jul-2025 0.21%
Thermo Fisher Scientific Inc. 0.125% 01-Mar-2025 0.15%
Credit Suisse Group AG 2.875% 02-Apr-2032 0.13%
Meta Platforms, Inc. 4.45% 15-Aug-2052 0.11%
Meta Platforms, Inc. 4.65% 15-Aug-2062 0.10%
Credit Suisse Group AG 6.537% 12-Aug-2033 0.09%
Credit Suisse Group AG 3.091% 14-May-2032 0.05%
Credit Suisse Group AG 9.75% Perp 0.05%
Thermo Fisher Scientific (Finance I) Bv 0.8% 18-Oct-2030 0.04%
Nestle Holdings, Inc. 2.5% 04-Apr-2032 0.03%
Credit Suisse (New York Securities Branch) 3.625% 09-Sep-2024 0.02%

Animal Testing

Mondelez International, Inc. 1.625% 08-Mar-2027 0.16%
Pepsico, Inc. 3.6% 18-Feb-2028 0.10%
International Flavors & Fragrances Inc. 1.23% 01-Oct-2025 0.09%
Keurig Dr Pepper Inc. 4.5% 15-Apr-2052 0.08%
Sherwin-Williams Company 4.25% 08-Aug-2025 0.05%
Nestle Holdings, Inc. 2.5% 04-Apr-2032 0.03%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Fri Sept. 30th 2022 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.

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
2022 -2.19% -2.39%
2021 1.34% 3.73%
2020 1.00% 1.25%
2019 2.36% 2.4%
2018 1.94% 2.2%
2017 1.52% 1.65%
2016 2.91% 1.01%
2015 5.21% 6.08%
2014 1.36% 1.53%
2013 4.22% 7.0%

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 Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • US 5Yr Note
    United States Int Fixed Interest
    5.08%
  • US 10Yr Note
    United States Int Fixed Interest
    2.56%
  • Euro Schatz Future
    Germany Int Fixed Interest
    2.08%
  • Government Of The United States Of America 2.625% 31-May-2027
    United States Int Fixed Interest AA+
    1.77%
  • Government Of The United States Of America 2.5% 15-May-2024
    United States Int Fixed Interest AA+
    1.54%
  • Government Of Japan 0.1% 20-Dec-2026
    Japan Int Fixed Interest A+
    1.36%
  • Government Of The United States Of America 2.75% 31-Jul-2027
    United States Int Fixed Interest AA+
    1.32%
  • US 2Yr Note
    United States Int Fixed Interest
    1.08%
  • Government Of Japan 0.1% 20-Jun-2026
    Japan Int Fixed Interest A+
    0.93%
  • Government Of China 2.68% 21-May-2030
    China Int Fixed Interest A+
    0.89%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Fri Sept. 30th 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 1.41%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 100.0% 98.59%
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%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 2022.

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).

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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.24%
  • Animal Testing:
    0.52%
  • Fossil Fuels:
    1.40%
  • Gambling:
    0.17%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.99%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.01%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Fri Sept. 30th 2022 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 many 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 International Diversified Bond Fund aims to provide capital growth over the short to medium term by investing primarily in a range of international fixed interest assets. The primary areas of investment are North America, United Kingdom, Europe and the Asia-Pacific region."

Value $34M NZD
Period of data report Fri Sept. 30th 2022
Fund started Mon Oct. 1st 2001
Total annual fund fees 0.6%
Total performance based fees 0.0%
Manager's basic fee 0.49%
Other management and administration charges 0.11%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Nigel Jackson

Currently: Chief Executive Officer – BT Funds Management (NZ) Limited (0 years, 2 months)
Previously: Head of Investments (1 years, 6 months)

Philip Houghton-Brown

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

Angelika Sansom

Currently: Investment Analytics Manager (21 years, 1 months)
Previously: Investment Consultant, Mercer (2 years, 4 months)

Nirav Shah

Currently: Portfolio Manager - Sector Funds (3 years, 11 months)
Previously: Cash Manager (10 years, 3 months)

Anna Boyle

Currently: Portfolio Manager - Sector Funds (0 years, 4 months)
Previously: Investment Manager, Trust Management (1 years, 2 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.