Carbon Fund

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Mindful Fund
Type: Aggressive fund
Past Returns: *-5.74%

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

Annual Fees: 0.96%

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 June 30th 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.

A summary of this fund and its details.

Number FND11593
Name Carbon Fund
Risk profile Aggressive fund
Description The Carbon Fund’s investment objective is to provide investors with a total return exposure to movements in the price of carbon credits. The Fund has the ability to buy carbon credits in emissions trading schemes in New Zealand and offshore. As a result the Fund may also provide exposure to the price of carbon offshore.
Value $4.8M NZD
Members 160
Market index description
Period of data report Tue June 30th 2020
Fund started Thu Nov. 8th 2018
Three-year average return *-5.74%
Market index past year return %
Past year return net of charges and tax -5.74%
Past year return net of charges gross of tax -5.74%
Market index return since fund started %
Return since fund started net -3.29%
Total annual fund fees 0.96%
Total performance based fees 0.0%
Manager's basic fee 0.96%
Administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

  • Matthew Goodson

    Currently: Managing Director (6 years, 10 months)
    Previously: Portfolio Manager BT Funds Management (NZ) Ltd (4 years, 5 months)

  • Michael Kenealy

    Currently: Investment Analyst (5 years, 9 months)
    Previously: Investment Analyst Solid Investments (2 years, 2 months)

  • Paul Harrison

    Currently: Managing Director (6 years, 10 months)
    Previously: Portfolio Manager BT Funds Management (NZ) Ltd (5 years, 0 months)

  • Paul Turnbull

    Currently: Chief Investment Officer (0 years, 10 months)
    Previously: Research Analyst at Jarden (6 years, 0 months)

  • Tristan Joll

    Currently: Senior Investment Analyst (0 years, 10 months)
    Previously: Director Equity Research at Jarden (3 years, 0 months)

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

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% -5.74%

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:

  • NZ Units Emission Trading Scheme
    New Zealand Commodities
    97.01%
  • Cash (NZD)
    New Zealand Cash and Equivalents
    2.99%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 2.0% 2.17%
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 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 98.0% 97.83%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30 June 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 June 30th 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 Carbon Fund’s investment objective is to provide investors with a total return exposure to movements in the price of carbon credits. The Fund has the ability to buy carbon credits in emissions trading schemes in New Zealand and offshore. As a result the Fund may also provide exposure to the price of carbon offshore."

Download the fund's disclosure statement and portfolio holdings.

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