Westpac International Diversified Bond Fund

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Not Mindful
Type: Defensive fund
Past Returns: 1.95%

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

Annual Fees: 0.68%

Annual fees, including any membership and % management 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

Aker BP Asa 3.0% 15-Jan-2025 0.04%
Aker BP Asa 3.75% 15-Jan-2030 0.10%
Dominion Energy, Inc. 2.0% 15-Aug-2021 0.02%
Dominion Energy, Inc. 4.25% 01-Jun-2028 0.05%
Energy Transfer Operating, L.P. 2.9% 15-May-2025 0.07%
Engie SA 1.75% 27-Mar-2028 0.03%
Engie SA 2.125% 30-Mar-2032 0.03%
Firstenergy Corp. 2.65% 01-Mar-2030 0.12%
Firstenergy Corp. 3.4% 01-Mar-2050 0.04%
Firstenergy Corp. 7.375% 15-Nov-2031 0.07%
Hess Corporation 3.5% 15-Jul-2024 0.11%
Kinder Morgan Energy Partners, L.P. 4.15% 01-Feb-2024 0.02%
Kinder Morgan Energy Partners, L.P. 4.25% 01-Sep-2024 0.03%
Kinder Morgan, Inc. 5.0% 15-Feb-2021 0.17%
Kinder Morgan, Inc. 5.625% 15-Nov-2023 0.05%
Marathon Petroleum Corporation 5.125% 15-Dec-2026 0.09%
Mplx Lp 3.5% 01-Dec-2022 0.01%
Nustar Energy Lp Cum Red Perp Pfd Units Series B 0.02%
Sunoco Logistics Partners Operations Lp 4.25% 01-Apr-2024 0.13%
Sunoco Logistics Partners Operations Lp 4.4% 01-Apr-2021 0.11%
Williams Companies, Inc. 4.55% 24-Jun-2024 0.05%
Xcel Energy Inc. 3.4% 01-Jun-2030 0.02%

Gambling

Sands China Ltd. 5.125% 08-Aug-2025 0.06%

Alcohol

Anheuser-Busch Cos. Llc 3.65% 01-Feb-2026 0.28%
Anheuser-Busch Inbev SA/Nv @Na 02-Apr-2032 0.11%
Anheuser-Busch Inbev SA/Nv @Na 02-Apr-2040 0.10%
Anheuser-Busch Inbev Worldwide, Inc. 4.75% 23-Jan-2029 0.01%
Anheuser-Busch Inbev Worldwide, Inc. 5.55% 23-Jan-2049 0.09%
Heineken Nv 1.0% 04-May-2026 0.07%
Heineken Nv 2.25% 30-Mar-2030 0.03%

Animal Testing

Coca-Cola Femsa Sab De Cv 2.75% 22-Jan-2030 0.030%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 2020 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 and research organisations.

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
2020 1.67% 1.25%
2019 2.69% 2.4%
2018 2.37% 2.2%
2017 1.63% 1.65%
2016 2.91% 1.01%
2015 5.21% 6.08%
2014 1.36% 1.53%
2013 4.22% 7.0%
2012 3.86% 4.79%
2011 3.79% 3.27%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • US 5Yr Note (Cbt)
    United States Int Fixed Interest UNRATED
    5.63%
  • US 2Yr Note (Cbt)
    United States Int Fixed Interest UNRATED
    5.06%
  • Euro Schatz Future
    Germany Int Fixed Interest UNRATED
    4.47%
  • Government Of Japan 0.9% 20-Jun-2022
    Japan Int Fixed Interest A+
    1.68%
  • Euro Bobl Future
    Germany Int Fixed Interest UNRATED
    1.28%
  • US 10 Yr Note (Cbt)
    United States Int Fixed Interest UNRATED
    1.17%
  • Government Of The United States Of America 1.75% 30-Sep-2022
    United States Int Fixed Interest AA+
    1.16%
  • Government Of Japan 1.7% 20-Jun-2033
    Japan Int Fixed Interest A+
    1.15%
  • Government Of The United States Of America 2.0% 31-May-2024
    United States Int Fixed Interest AA+
    1.12%
  • Government Of Japan 0.3% 20-Dec-2024
    Japan Int Fixed Interest A+
    1.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Tue June 30th 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 0.93%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 100.0% 99.07%
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 Tue June 30th 2020.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a 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:
    0.00%
  • Alcohol:
    0.68%
  • Animal Testing:
    0.03%
  • Fossil Fuels:
    1.38%
  • Gambling:
    0.06%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 2020 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 and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

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.

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 $92M NZD
Period of data report Tue June 30th 2020
Members Not provided
Fund started Mon Oct. 1st 2001
Total annual fund fees 0.68%
Total performance based fees 0.0%
Manager's basic fee 0.56%
Administration charges 0.12%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Nigel Jackson

Currently: Acting Head of Investments & Insurance (3 years, 4 months)
Previously: Head of Customer Proposition (7 years, 7 months)

Francois Richeboeuf

Currently: Acting Head of Investment Solutions (0 years, 5 months)
Previously: Senior Portfolio Manager (9 years, 2 months)

Angelika Sansom

Currently: Investment Analytics Manager (18 years, 10 months)
Previously: Investment Consultant Mercer (2 years, 4 months)

Anna Boyle

Currently: Portfolio Manager (10 years, 4 months)
Previously: Investor Communications Westpac New Zealand Limited (1 years, 5 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 2020.

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.