Harbour Real Estate Investment Fund

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Not Mindful
Type: Aggressive fund
Past Returns: *-6.66%

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

Annual Fees: 0.72%

Annual fees, including any membership and % management 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 data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 2020 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 and research organisations.

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
2020 -7.57% -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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Precinct Properties NZ
    New Zealand Listed Property
    16.02%
  • Goodman Property Trust
    New Zealand Listed Property
    12.17%
  • Property For Industry
    New Zealand Listed Property
    11.59%
  • Kiwi Property Group
    New Zealand Listed Property
    9.53%
  • Argosy Property
    New Zealand Listed Property
    9.42%
  • Vital Healthcare Property
    New Zealand Listed Property
    8.99%
  • Augusta Capital
    New Zealand Listed Property
    5.63%
  • Stride Property
    New Zealand Listed Property
    5.52%
  • Investore Property
    New Zealand Listed Property
    4.08%
  • Goodman Group
    Australia Listed Property
    3.46%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Tue June 30th 2020.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 2.5% 1.22%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 12.5% 4.05%
International Equities 0.0% 0.0%
Listed Properties 85.0% 94.73%
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 Tue June 30th 2020.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • 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 Tue March 31st 2020 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 and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

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.

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 $14M NZD
Period of data report Tue June 30th 2020
Members 32
Fund started Mon Oct. 1st 2018
Total annual fund fees 0.72%
Total performance based fees 0.0%
Manager's basic fee 0.55%
Administration charges 0.17%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Shane Solly

Currently: Portfolio Manager & Research Anaylst Director (6 years, 3 months)
Previously: Mint AM Head of Equities Portfolio Manager (7 years, 2 months)

Andrew Bascand

Currently: Managing Director Portfolio Manager (10 years, 6 months)
Previously: Alliance Capital Head of Equities Portfolio Manager (10 years, 0 months)

Craig Stent

Currently: Portfolio Manager & Research Anaylst Director (10 years, 6 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 Tue June 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

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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.