Funds
Smart Global Bond ETF
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
Human Rights Violations
-
Ubs 1.21%
Business Ethics
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
UBS Business Ethics
Acquired Credit Suisse in 2023, a bank with very poor governance which aided clients with tax evasion and money laundering. As a result, UBS has inherited ongoing regulatory fines and lawsuits relating to these failures. UBS has also been subject to lawsuits relating to its own manipulation of foreign exchange and interbank rates. It holds a provision of USD $4bn for claims (which may not be sufficient).
-
Wells Fargo 0.31%
Business Ethics
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
-
Ubs 1.21%
Fossil Fuels
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. 2024 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 Smart Global Bond ETF is designed to provide a return (before tax, fees and other expenses) that outperforms the Bloomberg Global Aggregate Total Return Index Hedged NZD by 1% per annum over rolling three-year periods. The investment manager is PIMCO Australia Pty Ltd. The currency exposure is hedged to the New Zealand dollar.
| Value | $160M NZD |
| Period of data report | 30th Sept. 2024 |
| Fund started | 12th Nov. 2015 |
| Total annual fund fees | 0.54% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.53% |
| Other management and administration charges | 0.01% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Sachin Gupta |
Currently: Portfolio Manager - PIMCO Australia (20 years, 11 months) |
|
Andrew Balls |
Currently: Portfolio Manager - PIMCO Australia (17 years, 11 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2024.
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 |
|---|---|---|
| 2024 | 3.59% | 3.69% |
| 2023 | -0.79% | -3.54% |
| 2022 | -2.46% | -3.11% |
| 2021 | 2.15% | 3.99% |
| 2020 | 1.75% | 2.43% |
| 2019 | 2.76% | 3.02% |
| 2018 | 1.94% | 2.73% |
| 2017 | 1.52% | 3.51% |
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 Sept. 2024.
Top 10 Investments
-
Fnma Pass Thru 30Yr #Sd8397
United States Int Fixed Interest AA+14.27% -
Fnma Pass Thru 30Yr #Sd8454
United States Int Fixed Interest AAA4.07% -
Fnma Pass Thru 30Yr #Sd8402
United States Int Fixed Interest AA+3.97% -
Realkredit Cov Sec Io10*Partial Call*
Denmark Int Fixed Interest AAA2.74% -
Gnma Ii Multpl Sgl 30Yr #Ma7937M
United States Int Fixed Interest AA+1.86% -
Stif Fund (USD)( BNP Paribas)
United States Cash and Equivalents1.55% -
Israel Govt
Israel Int Fixed Interest A+1.54% -
New Zealand Dollar
New Zealand Int Fixed Interest1.5% -
U S Treasury Bond
United States Int Fixed Interest AA+1.46% -
U S Treasury Inflate Prot Bd
United States Int Fixed Interest AA+1.43%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 1.1% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 100.0% | 98.87% |
| 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% | 0.03% |
| 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 30th Sept. 2024.