Funds
Integral Master Trust Diversified 60 Fund
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.
Key:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- Valero Energy Corp 0.12%
- Shell International Fin 0.500000% 05/11/2024 0.08%
- Chevron Corp 2.954000% 05/16/2026 0.06%
- Iberdrola SA 0.06%
- Shell International Fin 2.875000% 05/10/2026 0.05%
- Chevron Corp 1.554000% 05/11/2025 0.04%
- Enbridge Inc 0.04%
- Equinor Asa 1.750000% 01/22/2026 0.04%
- Altagas Income Ltd 0.03%
- Hf Sinclair Corpor Com Usd0.01 0.03%
- Lyondellbasell Industries 0.03%
- Pbf Energy Inc Com 0.03%
- Phillips 66 Com Usd0.01 0.03%
- Atmos Energy Corp 0.02%
- Consolidated Edison Inc Com Usd0.10 0.02%
- Dt Midstream Inc Com Usd0.01 0.02%
- Enagas 0.02%
- Loews Corp 0.02%
- Neste Oyj 0.02%
- Parkland Corp 0.02%
- Power Assets Holdings Limited 0.02%
- Cheniere Energy Inc 0.01%
- Chesapeake Utilities Corporation 0.01%
- Ck Asset Holdings Hk 0.01%
- Constellation Energy Corp 0.01%
- Kirby Corp 0.01%
- Ugi Corp Com 0.01%
Weapons
- Walmart Inc 0.37%
- Walmart Inc 1.050000% 09/17/2026 0.12%
- Amphenol Corp Cl A 0.04%
- Brookfield Asset Management 0.03%
- Caci International Inc - Class A 0.03%
- Curtiss-Wright Corp 0.03%
- Dick'S Sporting Goods Inc 0.03%
- Teledyne Technologies Inc 0.03%
- Transdigm Group Inc 0.03%
- Wal Mart De Mexico 0.03%
- Ati Inc 0.02%
- Heico Corp Com Usd0.01 0.02%
- Hexcel Corp 0.02%
- Howmet Aerospace I Com USD 0.02%
- Kawasaki Heavy Industries Ltd 0.02%
- Oshkosh Corporation 0.02%
- Rheinmetall AG 0.02%
- Science Applications International Corp 0.02%
- Heico Corp Com 0.01%
- Woodward Inc 0.01%
Tobacco
- Casey'S General Stores Inc 0.04%
GMOs
- Corteva Inc 0.05%
Human Rights & Environmental Violations
- Meta Platforms Inc 0.67%
- Johnson & Johnson Com US$1 0.45%
- Thermo Fisher Scientific Inc 0.26%
- Wells Fargo & Company 0.12%
- Rio Tinto PLC Ord 10P Gbp 0.11%
- Caterpillar Inc 0.10%
- Nestle Holdings Inc 0.625000% 01/15/2026 0.10%
- Activision Blizzard Inc 0.09%
- Shell International Fin 0.500000% 05/11/2024 0.08%
- Corteva Inc 0.05%
- Rio Tinto Limited 0.05%
- Shell International Fin 2.875000% 05/10/2026 0.05%
- Bank Leumi Le-Israel 0.03%
- Fmc Corp 0.03%
- Mattel Inc Com Usd1.00 0.03%
- Motorola Solutions Inc 0.03%
- Uber Technologies Inc 0.03%
- Barrick Gold Corp 0.02%
- Credit Suisse Group Chf3.00 0.02%
- Li Ning Co Ltd 0.02%
- Nutrien Ltd Com Npv 0.02%
- American Vanguard Cor 0.01%
- Indivior PLC Ord Usd2 0.01%
Animal Cruelty
- Procter & Gamble Company 0.27%
- Coca Cola Co USD 0.18%
- Unilever PLC 0.14%
- Pepsico Inc Cap US$0.01 2/3 0.13%
- L'Oreal 0.10%
- Nestle Holdings Inc 0.625000% 01/15/2026 0.10%
- General Mills Inc 0.08%
- Shell International Fin 0.500000% 05/11/2024 0.08%
- Koninklijke Ahold Delhaize Nv 0.07%
- Chevron Corp 2.954000% 05/16/2026 0.06%
- Sherwin Williams Com Usd1 0.06%
- 3M Co 0.05%
- Albermarle Corp 0.05%
- Corteva Inc 0.05%
- Hermes International 0.05%
- Kering 0.05%
- PPG Industries Inc 0.05%
- Shell International Fin 2.875000% 05/10/2026 0.05%
- Chevron Corp 1.554000% 05/11/2025 0.04%
- Church & Dwight Co 0.04%
- Dupont De Nemours Inc 0.04%
- Estee Lauder Companies 0.04%
- Ping An Insurance Group Of China Limited 0.04%
- Tapestry Inc Com Usd0.01 0.04%
- Colgate Palmolive Usd1 0.03%
- Coty Inc 0.03%
- Daikin Industries 0.03%
- Fmc Corp 0.03%
- Keurig Dr Pepper Inc 0.03%
- Kraft Heinz Co Com Usd0.01 0.03%
- Lyondellbasell Industries 0.03%
- Mosaic Co Com 0.03%
- Rpm International Inc 0.03%
- Arkema 0.02%
- Avantor Inc 0.02%
- Bic 0.02%
- Campbell Soup Co USD 0.02%
- Canon Inc 0.02%
- Capri Holdings Ltd Com Npv 0.02%
- Chr Hansen Holding A S 0.02%
- Covestro AG 0.02%
- Danone 0.02%
- Dksh Holding AG 0.02%
- Dow Inc 0.02%
- Fuji Film Holdings Corp 0.02%
- Graincorp Limited 0.02%
- Hb Fuller Co 0.02%
- Huntsman Corporation 0.02%
- Iwatani Corp 0.02%
- Kao Corporation Jpy50 0.02%
- Kellogg Company 0.02%
- Koninklijke Dsm Nv 0.02%
- Meiji Holdings Co 0.02%
- Nutrien Ltd Com Npv 0.02%
- Ralph Lauren Corp Com 0.02%
- Air Water Inc 0.01%
- Akzo Nobel Nv Eur0.50 0.01%
- American Vanguard Cor 0.01%
- Avient Corporation Com Usd0.01 0.01%
- Balchem Corp 0.01%
- Beiersdorf AG 0.01%
- Burberry Group PLC 0.01%
- Clariant AG Reg 0.01%
- Clorox Co Del 0.01%
- Dcc PLC 0.01%
- Ezaki Glico Co Ltd 0.01%
- George Weston Ltd 0.01%
- Hanwha Solutions Corp 0.01%
- Henkel AG & Co Kgaa Non Vtg Pref 0.01%
- Ingevity Corp 0.01%
- Johnson Matthey PLC 0.01%
- Koninklijke Dsm N.V. 0.01%
- Kose Corp 0.01%
- Lion Corporation 0.01%
- Mitsui Chemicals Inc 0.01%
- Moncler Spa 0.01%
- Nan Ya Plastics Corp 0.01%
- Novozymes A/S Ser`B`Dkk2 0.01%
- Pvh Corp Com Usd1.00 0.01%
- Seiko Epson Corporation 0.01%
- Sensient Technologies Corp 0.01%
- Symrise AG 0.01%
- The Swatch Group AG-B Chf50 0.01%
- Univar Solutions Inc 0.01%
- Xerox Hldgs Corp Com Usd1.00 0.01%
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. 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.
About this fund
In their own words
The Diversified 60 Fund is a diversified fund providing a consistent exposure to the cash, fixed interest and shares asset classes using both qualitative and quantitative investment techniques, and with a slight bias towards growth assets.
| Value | $83M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 19th May 2011 |
| Total annual fund fees | 1.03% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.03% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Elaine West |
Currently: Chief Financial Officer at Britannia Financial Services Ltd (5 years, 5 months) |
|
Alun Rees-Williams |
Currently: General Manager Distribution and Director at Britannia Financial Services Ltd (22 years, 2 months) |
|
Gavin Dixon |
Currently: Chief Executive Officer and Director at Britannia Financial Services Ltd (7 years, 0 months) |
|
Gregg Dell |
Currently: General Manager of Wealth Products and General Counsel at Britannia Financial Services Ltd (6 years, 10 months) |
|
Michael Pipe |
Currently: General Manager - Operations at Britannia Financial Services Ltd (2 years, 8 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.
Investment Exclusions
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 Cruelty | 3.25% | |
| Fossil Fuels | 1.04% | |
| Gambling | 0.00% | |
| GMOs | 0.05% | |
| Human Rights & Environmental Violations | 2.41% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.05% | |
| Weapons | 0.99% |
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. 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.
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 |
|---|---|---|
| 2022 | 0.34% | 0.11% |
| 2021 | 17.46% | 22.04% |
| 2020 | -1.59% | -4.26% |
| 2019 | 4.47% | 3.4% |
| 2018 | 4.41% | 4.45% |
| 2017 | 5.71% | 9.66% |
| 2016 | 3.06% | 1.92% |
| 2015 | 8.56% | 10.62% |
| 2014 | 6.13% | 4.96% |
| 2013 | 8.77% | 5.98% |
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 31st Dec. 2022.
Top 10 Investments
-
Dimensional Five-Year Diversified Fixed Interest Trust
Australia Int Fixed Interest28.55% -
Harbour Enhanced Cash
New Zealand Cash and Equivalents7.87% -
Apple Inc Common Stock
United States International Equities2.09% -
BNZ Call Account
New Zealand Cash and Equivalents AA-1.43% -
Microsoft Corp Common
United States International Equities0.94% -
Meta Platforms Inc Common
United States International Equities0.54% -
Alphabet Inc Common Stock
United States International Equities0.48% -
Unitedhealth Group Inc
United States International Equities0.47% -
Alphabet Inc Common Stock
United States International Equities0.45% -
Jpmorgan Chase & Co
United States International Equities0.45%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 10.0% | 9.3% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 30.0% | 28.55% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 60.0% | 62.16% |
| Listed Properties | 0.0% | 0.0% |
| 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 31st Dec. 2022.