Funds

Harbour Real Estate Investment 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.

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. 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 Fund aims to capture the income yield and medium-term capital growth characteristics of investing principally in listed real estate assets and enhance diversification and return potential against the benchmark.

Value $114M NZD
Period of data report 30th Sept. 2024
Fund started 1st Oct. 2018
Total annual fund fees 0.76%
Total performance based fees 0.0%
Manager's basic fee 0.61%
Other management and administration charges 0.15%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Shane Solly

Currently: Portfolio Manager & Research Analyst, Director (10 years, 6 months)
Previously: Mint AM, Head of Equities, Portfolio Manager (7 years, 2 months)

Andrew Bascand

Currently: Co-CEO, Chief Investment Officer (0 years, 1 months)
Previously: Managing Director, Harbour Asset Management (14 years, 8 months)

Craig Stent

Currently: Portfolio Manager & Research Analyst, Director (14 years, 9 months)
Previously: Alliance Bernstein, Research Analyst (7 years, 3 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 14.61% 6.73%
2023 -4.85% -15.14%
2022 3.53% 6.05%
2021 35.55% 38.38%
2020 -7.06% -6.66%

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

  • Goodman Property Trust
    New Zealand Listed Property
    16.23%
  • Precinct Properties Group
    New Zealand Australasian Equities
    15.09%
  • Kiwi Property Group
    New Zealand Listed Property
    11.76%
  • Vital Healthcare Property Trust
    New Zealand Australasian Equities
    9.38%
  • Argosy Property
    New Zealand Listed Property
    7.19%
  • Property For Industry
    New Zealand Listed Property
    6.56%
  • Stride Property
    New Zealand Listed Property
    5.84%
  • Summerset Group
    New Zealand Australasian Equities
    2.89%
  • Goodman Group
    Australia Listed Property
    2.49%
  • NZ Rural Land Company
    New Zealand Listed Property
    2.38%
Type Target Actual
Cash and Cash Equivalents 2.5% 1.32%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 12.5% 14.33%
International Equities 0.0% 0.0%
Listed Properties 85.0% 84.35%
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 30th Sept. 2024.