Salt Enhanced Property Fund

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Fund type: Aggressive fund

Past Returns: 10.06%

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

Annual Fees: 1.06%

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.

This fund has no investments in issues 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 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 3.19% 2.78%
2021 36.07% 30.74%
2020 -7.33% -3.35%
2019 10.16% 20.46%
2018 7.53% 8.53%
2017 9.49% 1.3%
2016 4.71% 15.3%

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:

  • Goodman Property Trust
    New Zealand Listed Property
    18.93%
  • Precinct Properties NZ Ltd
    New Zealand Listed Property
    14.34%
  • Kiwi Property Group Ltd
    New Zealand Listed Property
    14.32%
  • Property For Industry Ltd
    New Zealand Listed Property
    10.12%
  • Argosy Property Trust
    New Zealand Listed Property
    9.49%
  • Stride Property Ltd and Stride Invest Mgmt Ltd
    New Zealand Listed Property
    8.18%
  • Vital Healthcare Property Trust
    New Zealand Listed Property
    8.12%
  • Investore Property Limited
    New Zealand Listed Property
    4.39%
  • Gdi Property Group
    Australia Listed Property
    4.08%
  • Elanor Commercial Property Fund
    Australia Listed Property
    3.45%

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 5.0% 0.51%
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 95.0% 99.49%
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:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • 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 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 Fund targets a portfolio of shares of New Zealand and Australian property trusts, companies and other property-related securities. The Fund may also, at our discretion short sell securities, hold cash, lever its assets and utilise active currency management to generate returns (although generally will be fully hedged). The investment objective is to outperform the S&P/NZX All Real Estate (Industry Group) Gross Index on a rolling three year basis."

Value $26M NZD
Period of data report Fri Sept. 30th 2022
Fund started Tue Nov. 11th 2014
Total annual fund fees 1.06%
Total performance based fees 0.03%
Manager's basic fee 0.86%
Other management and administration charges 0.17%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Matthew Goodson

Currently: Managing Director (9 years, 4 months)
Previously: Portfolio Manager, BT Funds Management (NZ) Ltd (4 years, 5 months)

Paul Harrison

Currently: Managing Director (9 years, 4 months)
Previously: Portfolio Manager, BT Funds Management (NZ) Ltd (5 years, 0 months)

Paul Turnbull

Currently: Chief Investment Officer (3 years, 4 months)
Previously: Research Analyst at Jarden (6 years, 0 months)

Greg Fleming

Currently: Head of Global Diversified Funds (1 years, 6 months)
Previously: Head of Investment Strategy, AMP Capital NZ (4 years, 8 months)

Bevan Graham

Currently: Economist (1 years, 7 months)
Previously: Managing Director NZ, AMP Capital NZ (2 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.