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.

This fund has no investments in issues 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

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 $22.4M NZD
Period of data report 30th Sept. 2023
Fund started 11th Nov. 2014
Total annual fund fees 1.02%
Total performance based fees 0.0%
Manager's basic fee 0.86%
Other management and administration charges 0.16%
Total other charges 0.0
Total other charges currency NZD

Matthew Goodson

Currently: Managing Director (10 years, 4 months)
Previously: Portfolio Manager, BT Funds Management (NZ) Ltd (4 years, 5 months)

Paul Harrison

Currently: Managing Director (10 years, 4 months)
Previously: Portfolio Manager, BT Funds Management (NZ) Ltd (5 years, 0 months)

Paul Turnbull

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

Greg Fleming

Currently: Head of Global Diversified Funds (2 years, 6 months)
Previously: Head of Investment Strategy, AMP Capital NZ (4 years, 8 months)

Bevan Graham

Currently: Economist (2 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 30th Sept. 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% -14.49%
2022 3.53% 2.78%
2021 35.55% 30.74%
2020 -7.06% -3.35%
2019 10.17% 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 30th Sept. 2023.

Top 10 Investments

  • Goodman Property Trust
    New Zealand Listed Property
    19.34%
  • Kiwi Property Group Ltd
    New Zealand Listed Property
    13.11%
  • Precinct Properties NZ Ltd
    New Zealand Listed Property
    13.04%
  • Argosy Property Trust
    New Zealand Listed Property
    10.65%
  • Vital Healthcare Property Trust
    New Zealand Listed Property
    9.73%
  • Property For Industry Ltd
    New Zealand Listed Property
    8.86%
  • Stride Property Ltd and Stride Invest Mgmt Ltd
    New Zealand Listed Property
    7.11%
  • Gdi Property Group
    Australia Listed Property
    4.88%
  • Asset Plus Ltd
    New Zealand Listed Property
    3.3%
  • Elanor Commercial Property Fund
    Australia Listed Property
    2.29%
Type Target Actual
Cash and Cash Equivalents 5.0% 3.19%
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% 96.81%
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 Sept. 2023.