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

    • Credit Suisse Group AG 0.48%
    • Thermo Fisher Scientific 0.27%
    • Credit Suisse Group AG-Reg 0.24%
    • Meta Platforms Inc-Class A 0.10%
    • Meta Platforms Inc 0.09%
    • Israel Discount Bank 0.03%
    • Nestle Holdings Inc 0.03%
    • Jbs Usa/Food/Finance 0.15%
    • Nutrien Ltd 0.13%
    • Basf Se 0.07%
    • Posco 0.01%
    • Nutrien Ltd 0.13%
    • Intl Flavors & Fragrances 0.08%
    • Basf Se 0.07%
    • Enel Finance Intl Nv 0.23% 1.5°C
      This company is on a 1.5°C pathway
    • National Grid PLC 0.23% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Sempra Energy 0.16% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Xcel Energy Inc 0.13%
    • Consolidated Edison Inc 0.11%
    • Nextera Energy Inc 0.11%
    • Enbw Intl Finance Bv 0.10% 1.5°C
      This company is on a 1.5°C pathway
    • South32 Treasury Ltd 0.05%
    • National Grid Gas PLC 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Public Service Enterpris 0.02%
    • Galaxy Pipeline Assets 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 31st March 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

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 $27M NZD
Period of data report 30th June 2023
Fund started 1st Oct. 2001
Total annual fund fees 0.52%
Total performance based fees 0.0%
Manager's basic fee 0.42%
Other management and administration charges 0.1%
Total other charges 0.0
Total other charges currency NZD

Nigel Jackson

Currently: Chief Executive Officer – BT Funds Management (NZ) Limited (0 years, 11 months)
Previously: Head of Investments (1 years, 6 months)

Philip Houghton-Brown

Currently: Head of Investment Solutions (2 years, 9 months)
Previously: Chief Investment Officer / Head of Investments, Mercer (8 years, 2 months)

Angelika Sansom

Currently: Investment Analytics Manager (21 years, 10 months)
Previously: Investment Consultant, Mercer (2 years, 4 months)

Nirav Shah

Currently: Portfolio Manager - Sector Funds (4 years, 8 months)
Previously: Cash Manager (10 years, 3 months)

Anna Boyle

Currently: Portfolio Manager - Sector Funds (1 years, 1 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 30th June 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% -1.58%
2022 -2.46% -2.39%
2021 2.15% 3.73%
2020 1.75% 1.25%
2019 2.76% 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%

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 30th June 2023.

Top 10 Investments

  • US 5Yr Note
    United States Int Fixed Interest AA+
    4.56%
  • US 2Yr Note
    United States Int Fixed Interest AA+
    3.15%
  • Euro Schatz Future
    Germany Int Fixed Interest AAA
    2.35%
  • Government Of The United States Of America 3.875% 30-Nov-2027
    United States Int Fixed Interest AA+
    1.54%
  • Government Of The United States Of America 4.5% 30-Nov-2024
    United States Int Fixed Interest AA+
    1.43%
  • US 10Yr Note
    United States Int Fixed Interest AA+
    1.34%
  • Euro Bobl Future
    Germany Int Fixed Interest AAA
    1.1%
  • Government Of Japan 0.1% 20-Dec-2026
    Japan Int Fixed Interest A+
    0.97%
  • Government Of Mexico 7.5% 03-Jun-2027
    Mexico Int Fixed Interest BBB+
    0.8%
  • Government Of Japan 2.3% 20-Mar-2040
    Japan Int Fixed Interest A+
    0.71%
Type Target Actual
Cash and Cash Equivalents 0.0% 1.05%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 100.0% 98.95%
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.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2023.