Funds

Westpac Property 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

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 Property Fund aims to provide capital growth over the long term by investing primarily in a diversified portfolio of listed New Zealand and International property equities. The primary sector exposure includes commercial, residential, retail and industrial properties.

Value $3.29M NZD
Period of data report 31st Dec. 2023
Fund started 1st June 1997
Total annual fund fees 0.96%
Total performance based fees 0.0%
Manager's basic fee 0.86%
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)

Angelika Sansom

Currently: Investment Analytics Manager (22 years, 1 months)
Previously: Investment Consultant, Mercer (2 years, 4 months)

Nirav Shah

Currently: Portfolio Manager - Sector Funds (4 years, 11 months)
Previously: Cash Manager (10 years, 3 months)

Anna Boyle

Currently: Portfolio Manager - Sector Funds (1 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 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 -5.17% -18.23%
2022 3.53% 6.57%
2021 35.55% 27.28%
2020 -7.06% -11.52%
2019 10.17% 18.68%
2018 7.53% 6.55%
2017 9.49% 1.39%
2016 4.71% 14.38%
2015 14.67% 27.42%
2014 10.13% 1.34%

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

  • Goodman Property Trust
    New Zealand Listed Property
    9.71%
  • Kiwi Property Group Ltd
    New Zealand Listed Property
    6.71%
  • Precinct Properties NZ Ltd
    New Zealand Listed Property
    6.45%
  • Argosy Property Trust
    New Zealand Listed Property
    5.36%
  • Vital Healthcare Property Trust
    New Zealand Listed Property
    4.77%
  • Property For Industry Ltd
    New Zealand Listed Property
    4.47%
  • Stride Property Group
    New Zealand Listed Property
    3.41%
  • Dow Jones US Real Estate Index Futures
    United States Listed Property
    2.73%
  • Gdi Property Group
    Australia Listed Property
    2.38%
  • Prologis, Inc.
    United States Listed Property
    2.05%
Type Target Actual
Cash and Cash Equivalents 0.0% 1.64%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
Listed Properties 100.0% 98.36%
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.